goose3, I'm like you but EOC commented and really didn't give a good answer.
If he is going to get the coin, I hope he hooks up the seller and shares the profit with her because I seriously don't think he even has a case against her despite what the lawyers are telling him.
Successful Buying and Selling transactions with:
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
"Flash of Genius" is a must see movie for anyone interested in getting some insight about how the legal system really works. It's based on a true case brought by the inventor of the intermittent windshield wiper.
"Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
-Albert Einstein-
Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.
I hope you don't mind me asking but was this transaction completed? I would rather go to the source then believe what is being said. Thank you Joe
- joeyuk91r8
Their responce Dear joeyuk91r8,
yes, deal completed, items shipped today. i lost my _____. pam
- sileeut73
Giving the seller the benefit of the doubt Kudos to them. >>
We just debated this seller's situation. What would you do if it was your coin?
Sean Reynolds
Incomplete planchets wanted, especially Lincoln Cents & type coins.
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>And when EOC receives it up it will go one his Error coin website for oh lets say $15k. So he is an expert in errors and a dealer on the internet to boot and he asks if this coin is a counterfeit here where in which Fred Weinberg says yes for free. Op also says he was willing to take his chances either way for only $300. He said the seller cancelled the deal and he went ballistic, now we find out the deal went through, I sure hopes he throws the seller some addtional money after all he is the error expert, the error dealer and the potential litigator so would be nice if he shared some of the enormous profits since his costs are still only $300 including the valuable info he got here and not having to hire an attorney. >>
Asking the forums for opinions on the authenticity of a certain IKE error coin and whether or not he should "consumate" or "cancel the deal" does not, IMO, make someone an "error expert". Web site or not.
I wonder what the outcome would have been if this situation involved a coin dealer?
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
<< <i> I seriously don't think he even has a case against her despite what the lawyers are telling him. >>
Same thing the defense said right before the verdict. Defense guy says to his client: "Don't worry, I don't think they have a case, you weren't even there when it happened".....1/2 hour later the verdict....1.8 Million....
Now you can get a hell of a good look at a t-bone steak by sticking your head up a bulls a**, but I'd rather take a butcher's word for it.
Initially,I would give this seller 50% more upfront of what it's costing me to acquire,get into my physical possession.If the amount paid was $1000,the seller would get an additional $500 right away.I'm going to show my intent to "do the right thing" with some additional cold hard cash.I'd put the "additional" on a credit card if I had to.
After all, the piece has not yet been certified as genuine which would make it worth these many thousands that some are claiming.
Get the piece authenticated.If it turns out to be a genuine error,great.Sell it.The original seller gets consideration in the form of a portion of some of the serious money,after expenses and consideration of what has already been received, that the piece eventually fetches.
If the piece is deemed by experts to not be genuine, I would consider the piece to have some serious educational value (at least $1500.) I am paying a relatively small price for my gamble/lesson learned.
If I decide to keep the deemed-to-be-genuine piece for my collection? The piece gets an expert appraisal of value and the seller gets consideration (more money) based on the expert's appraisal.Again the consideration is factoring in what has already been paid,the $1500 (hypothetical.)
It's not really all that complicated.
"Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
-Albert Einstein-
Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.
Sean, being you ask. I was in a similar position as the seller of this coin. I sold I certified '79 CC morgan to a forum member here. The buyer mailed a check and I realized it was a unrecogonized VAM. I saw dollar signs but the coolness factor was more important. I PM'ed the buyer with my sellers remorse but said a deal is a deal and I would get the coin out to them. They said they understood the VAM bug completely and asked if I would just mail the check back. I sent the check back along with a PCGS morgan that if upgraded one grade would be worth considerably more then the $50 value it presently had. The buyer was floored at the generosity. I was happy I could keep the CC morgan.
If the recepient of that coin cares to respond that is up to them.
can we get this thread to 300 before one of the mods locks or nukes it?
Re: Slabbed coins - There are some coins that LIVE within clear plastic and wear their labels with pride... while there are others that HIDE behind scratched plastic and are simply dragged along by a label. Then there are those coins that simply hang out, naked and free
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I'd be askin' her honor to recluse herself...er I mean recuse herself from hearing the case.
She would only be able to award a maximum of $5000 anyway.
"Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
-Albert Einstein-
Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.
<< <i>I'm just revisiting this thread after a brief overseas business trip. When was the thread title removed ? >>
I'm guessing a couple of minutes after the OP found out the coins were in the mail.
Sean Reynolds
Incomplete planchets wanted, especially Lincoln Cents & type coins.
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
If he doesn't give her half of the proceeds of a sale, I hope fate comes back to bite him in the a$$ TENFOLD. That's the way it usually works, and I pray it does this time.
Have bought and sold on BST, many references available when asked.
No matter what the cluster#&@% this whole thing is, I applaud EOC for having the guts to leave the texts of his posts intact - this is truly informative ...
Whatever you are, be a good one. ---- Abraham Lincoln
<< <i>And when EOC receives it up it will go one his Error coin website for oh lets say $15k. So he is an expert in errors and a dealer on the internet to boot and he asks if this coin is a counterfeit here where in which Fred Weinberg says yes for free. Op also says he was willing to take his chances either way for only $300. He said the seller cancelled the deal and he went ballistic, now we find out the deal went through, I sure hopes he throws the seller some addtional money after all he is the error expert, the error dealer and the potential litigator so would be nice if he shared some of the enormous profits since his costs are still only $300 including the valuable info he got here and not having to hire an attorney. >>
Asking the forums for opinions on the authenticity of a certain IKE error coin and whether or not he should "consumate" or "cancel the deal" does not, IMO, make someone an "error expert". Web site or not.
I wonder what the outcome would have been if this situation involved a coin dealer? >>
Hey....I expected better from you than dealer bashing.......
Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
<< <i>And when EOC receives it up it will go one his Error coin website for oh lets say $15k. So he is an expert in errors and a dealer on the internet to boot and he asks if this coin is a counterfeit here where in which Fred Weinberg says yes for free. Op also says he was willing to take his chances either way for only $300. He said the seller cancelled the deal and he went ballistic, now we find out the deal went through, I sure hopes he throws the seller some addtional money after all he is the error expert, the error dealer and the potential litigator so would be nice if he shared some of the enormous profits since his costs are still only $300 including the valuable info he got here and not having to hire an attorney. >>
Asking the forums for opinions on the authenticity of a certain IKE error coin and whether or not he should "consumate" or "cancel the deal" does not, IMO, make someone an "error expert". Web site or not.
I wonder what the outcome would have been if this situation involved a coin dealer? >>
And for some odd reason I thought if an individual had a coin website was a dealer. So the question begs answering what makes a coin dealer? >>
Well I was thinking Store Front but I suppose the definition of "coin dealer" could change according to currently available technology. After all, HSN doesn't have a store front.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
<< <i>And when EOC receives it up it will go one his Error coin website for oh lets say $15k. So he is an expert in errors and a dealer on the internet to boot and he asks if this coin is a counterfeit here where in which Fred Weinberg says yes for free. Op also says he was willing to take his chances either way for only $300. He said the seller cancelled the deal and he went ballistic, now we find out the deal went through, I sure hopes he throws the seller some addtional money after all he is the error expert, the error dealer and the potential litigator so would be nice if he shared some of the enormous profits since his costs are still only $300 including the valuable info he got here and not having to hire an attorney. >>
Asking the forums for opinions on the authenticity of a certain IKE error coin and whether or not he should "consumate" or "cancel the deal" does not, IMO, make someone an "error expert". Web site or not.
I wonder what the outcome would have been if this situation involved a coin dealer? >>
Hey....I expected better from you than dealer bashing.......
>>
Not dealer bashing Tom as much as forum bashing in that when someone finds a 1901-S Barber in a group of coins which were purchased at melt, all hell breaks loose. But when a collector learns that his recent purchase is worth a lot of money but the seller wants to back out of the deal and perhaps get true value for her purchase, the forums rally on the side of the collector.
Again, I wonder what the outcome would be if the dealer had been the buyer who perhaps purchased a group of error coins without examining them?
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
If you've ever sold a coin above its face value you just might be a coin dealer.For me,this occurred in about 1956.
I traded some of my junk foreign coins for candy and a few packs of baseball cards from the owner of the local grocery store.
Don't know what the face value was.Sure wish I still had those baseball cards.
Yep.I been a coin dealer since 1956.
"Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
-Albert Einstein-
Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.
Where does a person go about getting a Ike dollar on a nickel in the first place. Did she open an early 70's mint bag and find it in there? Did she buy it at a flea market from an old guy
<< <i> Not dealer bashing Tom as much as forum bashing in that when someone finds a 1901-S Barber in a group of coins which were purchased at melt, all hell breaks loose. But when a collector learns that his recent purchase is worth a lot of money but the seller wants to back out of the deal and perhaps get true value for her purchase, the forums rally on the side of the collector.
Again, I wonder what the outcome would be if the dealer had been the buyer who perhaps purchased a group of error coins without examining them? >>
Apples and oranges. This buyer did examine them, and he knew what he was getting (or thought he was getting) for his bid. Better to rephrase your question, "What would the outcome be if the seller walked into a shop, laid the coins out and said 'Give me $300 for the group.' and the dealer saw the coin in there before closing the deal?"
Sean Reynolds
Incomplete planchets wanted, especially Lincoln Cents & type coins.
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>If I were you, I'd share my windfall with the seller. After you reap the benefit, drop another check in the mail just in time for Christmas. It will be good for your karma. >>
<< <i>If I were you, I'd share my windfall with the seller. After you reap the benefit, drop another check in the mail just in time for Christmas. It will be good for your karma. >>
Forest Gump did it for Bubba. >>
To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
<< <i>Where does a person go about getting a Ike dollar on a nickel in the first place. Did she open an early 70's mint bag and find it in there? Did she buy it at a flea market from an old guy >>
Errors such as this are either found in $1,000 bags or they've been squirreled out of the mint. IKE Errors of this magnitude are very rare and always collected. How the seller came about this one is really an unknown unless she wants to share the circumstances.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
<< <i> Not dealer bashing Tom as much as forum bashing in that when someone finds a 1901-S Barber in a group of coins which were purchased at melt, all hell breaks loose. But when a collector learns that his recent purchase is worth a lot of money but the seller wants to back out of the deal and perhaps get true value for her purchase, the forums rally on the side of the collector.
Again, I wonder what the outcome would be if the dealer had been the buyer who perhaps purchased a group of error coins without examining them? >>
Apples and oranges. This buyer did examine them, and he knew what he was getting (or thought he was getting) for his bid. Better to rephrase your question, "What would the outcome be if the seller walked into a shop, laid the coins out and said 'Give me $300 for the group.' and the dealer saw the coin in there before closing the deal?"
Sean Reynolds >>
Kinda right Sean but if I recall, the kind of examining was not on a coin by coin basis. Just a group gander showing various low grade barbers.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
I believe the seller is stalling for time and the package will become "lost" in the mail. I find it hard to believe if they now know the value of this piece they will honor the deal. This isn't a $1000 coin for $300. We are talking about a $10,000+ coin here. If the seller does indeed deliver it they are of UBER character in my book.
This reminds me of a circumstance an old friend related to me. His family had a yard sale and one of the items they were selling was a 1970's (?) Budweiser Clydesdales lamp priced at $10 in their sale. A gentleman who came to their house told them the lamp was actually valued at about $2,000 to a collector. He did not offer any money for the lamp, just simply informed them of it's value and went on his way. They kept the lamp in the family last I heard.
Comments
so can someone give me the update on this?
The OP has since struck a deal with the seller and is getting the coin?
thanks
<< <i>ok forgive me for sleeping overnight and taking the time to get 2 of my 3 off to school and sweep the kitchen, etc....
so can someone give me the update on this?
The OP has since struck a deal with the seller and is getting the coin?
thanks >>
Thats only an assumption on my part based on the feedback that was left.
The name is LEE!
If he is going to get the coin, I hope he hooks up the seller and shares the profit with her because I seriously don't think he even has a case against her despite what the lawyers are telling him.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
Dear sileeut73,
I hope you don't mind me asking but was this transaction completed? I would rather go to the source then believe what is being said.
Thank you
Joe
- joeyuk91r8
Their responce
Dear joeyuk91r8,
yes, deal completed, items shipped today. i lost my _____. pam
- sileeut73
Giving the seller the benefit of the doubt Kudos to them.
(I added the emphasis)
<< <i>This is my last reply to this thread for now.. let it drop off ..... please
I have learned so many lessons here on this. I thank all of you who supported me.
The reason for this thread is because the seller tried to cancel the auction after I won and paid for it.
I am almost positive, have no proof as of now, that the seller was contacted and offered more.
I do have PM's from Lawyers that say I have a very strong case if this went bad.
It looks like it just may work out, I sure hope so.
I do spend a lot of time researching errors and auctions and sorting though them. It all take a great deal of time.
I wish all of you the Best, Chris >>
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
It's based on a true case brought by the inventor of the intermittent windshield wiper.
"Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
-Albert Einstein-
Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.
Segoja I think made a 10k offer........I think EOC should immediately flip it to Segoja and then send the seller a 5k check
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>My question
Dear sileeut73,
I hope you don't mind me asking but was this transaction completed? I would rather go to the source then believe what is being said.
Thank you
Joe
- joeyuk91r8
Their responce
Dear joeyuk91r8,
yes, deal completed, items shipped today. i lost my _____. pam
- sileeut73
Giving the seller the benefit of the doubt Kudos to them. >>
We just debated this seller's situation. What would you do if it was your coin?
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
IMHO
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
P R O F I T ™
hi, i'm tom.
i do not doctor coins like some who post in here.
<< <i>And when EOC receives it up it will go one his Error coin website for oh lets say $15k. So he is an expert in errors and a dealer on the internet to boot and he asks if this coin is a counterfeit here where in which Fred Weinberg says yes for free. Op also says he was willing to take his chances either way for only $300. He said the seller cancelled the deal and he went ballistic, now we find out the deal went through, I sure hopes he throws the seller some addtional money after all he is the error expert, the error dealer and the potential litigator so would be nice if he shared some of the enormous profits since his costs are still only $300 including the valuable info he got here and not having to hire an attorney. >>
Asking the forums for opinions on the authenticity of a certain IKE error coin and whether or not he should "consumate" or "cancel the deal" does not, IMO, make someone an "error expert". Web site or not.
I wonder what the outcome would have been if this situation involved a coin dealer?
The name is LEE!
<< <i> I seriously don't think he even has a case against her despite what the lawyers are telling him. >>
Same thing the defense said right before the verdict. Defense guy says to his client: "Don't worry, I don't think they have a case, you weren't even there when it happened".....1/2 hour later the verdict....1.8 Million....
Now you can get a
hell of a good look at a t-bone steak
by sticking your head up a bulls a**,
but I'd rather take
a butcher's word for it.
Ok, how many of you guys are butchers?
Initially,I would give this seller 50% more upfront of what it's costing me to acquire,get into my physical possession.If the amount paid was $1000,the seller would get an additional $500 right away.I'm going to show my intent to "do the right thing" with some additional cold hard cash.I'd put the "additional" on a credit card if I had to.
After all, the piece has not yet been certified as genuine which would make it worth these many thousands that some are claiming.
Get the piece authenticated.If it turns out to be a genuine error,great.Sell it.The original seller gets consideration in the form of a portion of some of the serious money,after expenses and consideration of what has already been received, that the piece eventually fetches.
If the piece is deemed by experts to not be genuine, I would consider the piece to have some serious educational value (at least $1500.) I am paying a relatively small price for my gamble/lesson learned.
If I decide to keep the deemed-to-be-genuine piece for my collection? The piece gets an expert appraisal of value and the seller gets consideration (more money) based on the expert's appraisal.Again the consideration is factoring in what has already been paid,the $1500 (hypothetical.)
It's not really all that complicated.
"Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
-Albert Einstein-
Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.
The name is LEE!
The buyer mailed a check and I realized it was a unrecogonized VAM. I saw dollar signs but the coolness factor was more important.
I PM'ed the buyer with my sellers remorse but said a deal is a deal and I would get the coin out to them. They said they understood
the VAM bug completely and asked if I would just mail the check back. I sent the check back along with a PCGS morgan that if
upgraded one grade would be worth considerably more then the $50 value it presently had. The buyer was floored at the generosity.
I was happy I could keep the CC morgan.
If the recepient of that coin cares to respond that is up to them.
edit for fat fingers
<< <i>This thread has all the makings for a Lifetime Television Network Movie Special!
Or an episode of "Judge Judy".
<< <i>
<< <i>This thread has all the makings for a Lifetime Television Network Movie Special!
Or an episode of "Judge Judy".
<< <i>can we get this thread to 300 before one of the mods locks or nukes it?
I'll do my part
which ever comes first
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"Inspiration exists, but it has to find you working" Pablo Picasso
I'd be askin' her honor to recluse herself...er I mean recuse herself from hearing the case.
She would only be able to award a maximum of $5000 anyway.
"Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
-Albert Einstein-
Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.
<< <i>I'm just revisiting this thread after a brief overseas business trip. When was the thread title removed ? >>
I'm guessing a couple of minutes after the OP found out the coins were in the mail.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>can we get this thread to 300 before one of the mods locks or nukes it?
+1
Whatever you are, be a good one. ---- Abraham Lincoln
<< <i>
<< <i>And when EOC receives it up it will go one his Error coin website for oh lets say $15k. So he is an expert in errors and a dealer on the internet to boot and he asks if this coin is a counterfeit here where in which Fred Weinberg says yes for free. Op also says he was willing to take his chances either way for only $300. He said the seller cancelled the deal and he went ballistic, now we find out the deal went through, I sure hopes he throws the seller some addtional money after all he is the error expert, the error dealer and the potential litigator so would be nice if he shared some of the enormous profits since his costs are still only $300 including the valuable info he got here and not having to hire an attorney. >>
Asking the forums for opinions on the authenticity of a certain IKE error coin and whether or not he should "consumate" or "cancel the deal" does not, IMO, make someone an "error expert". Web site or not.
I wonder what the outcome would have been if this situation involved a coin dealer? >>
Hey....I expected better from you than dealer bashing.......
<< <i>
<< <i>
<< <i>And when EOC receives it up it will go one his Error coin website for oh lets say $15k. So he is an expert in errors and a dealer on the internet to boot and he asks if this coin is a counterfeit here where in which Fred Weinberg says yes for free. Op also says he was willing to take his chances either way for only $300. He said the seller cancelled the deal and he went ballistic, now we find out the deal went through, I sure hopes he throws the seller some addtional money after all he is the error expert, the error dealer and the potential litigator so would be nice if he shared some of the enormous profits since his costs are still only $300 including the valuable info he got here and not having to hire an attorney. >>
Asking the forums for opinions on the authenticity of a certain IKE error coin and whether or not he should "consumate" or "cancel the deal" does not, IMO, make someone an "error expert". Web site or not.
I wonder what the outcome would have been if this situation involved a coin dealer? >>
And for some odd reason I thought if an individual had a coin website was a dealer. So the question begs answering what makes a coin dealer? >>
Well I was thinking Store Front but I suppose the definition of "coin dealer" could change according to currently available technology. After all, HSN doesn't have a store front.
The name is LEE!
<< <i>
<< <i>
<< <i>And when EOC receives it up it will go one his Error coin website for oh lets say $15k. So he is an expert in errors and a dealer on the internet to boot and he asks if this coin is a counterfeit here where in which Fred Weinberg says yes for free. Op also says he was willing to take his chances either way for only $300. He said the seller cancelled the deal and he went ballistic, now we find out the deal went through, I sure hopes he throws the seller some addtional money after all he is the error expert, the error dealer and the potential litigator so would be nice if he shared some of the enormous profits since his costs are still only $300 including the valuable info he got here and not having to hire an attorney. >>
Asking the forums for opinions on the authenticity of a certain IKE error coin and whether or not he should "consumate" or "cancel the deal" does not, IMO, make someone an "error expert". Web site or not.
I wonder what the outcome would have been if this situation involved a coin dealer? >>
Hey....I expected better from you than dealer bashing.......
Not dealer bashing Tom as much as forum bashing in that when someone finds a 1901-S Barber in a group of coins which were purchased at melt, all hell breaks loose. But when a collector learns that his recent purchase is worth a lot of money but the seller wants to back out of the deal and perhaps get true value for her purchase, the forums rally on the side of the collector.
Again, I wonder what the outcome would be if the dealer had been the buyer who perhaps purchased a group of error coins without examining them?
The name is LEE!
I traded some of my junk foreign coins for candy and a few packs of baseball cards from the owner of the local grocery store.
Don't know what the face value was.Sure wish I still had those baseball cards.
Yep.I been a coin dealer since 1956.
"Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
-Albert Einstein-
Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.
EOC, the seller did the right thing by following through and selling to you, do the right thing by giving her a big cut of the profit.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>
Not dealer bashing Tom as much as forum bashing in that when someone finds a 1901-S Barber in a group of coins which were purchased at melt, all hell breaks loose. But when a collector learns that his recent purchase is worth a lot of money but the seller wants to back out of the deal and perhaps get true value for her purchase, the forums rally on the side of the collector.
Again, I wonder what the outcome would be if the dealer had been the buyer who perhaps purchased a group of error coins without examining them? >>
Apples and oranges. This buyer did examine them, and he knew what he was getting (or thought he was getting) for his bid. Better to rephrase your question, "What would the outcome be if the seller walked into a shop, laid the coins out and said 'Give me $300 for the group.' and the dealer saw the coin in there before closing the deal?"
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>If I were you, I'd share my windfall with the seller. After you reap the benefit, drop another check in the mail just in time for Christmas. It will be good for your karma. >>
Forest Gump did it for Bubba.
"Keep your malarkey filter in good operating order" -Walter Breen
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<< <i>If I were you, I'd share my windfall with the seller. After you reap the benefit, drop another check in the mail just in time for Christmas. It will be good for your karma. >>
Forest Gump did it for Bubba. >>
<< <i>Where does a person go about getting a Ike dollar on a nickel in the first place. Did she open an early 70's mint bag and find it in there? Did she buy it at a flea market from an old guy >>
Errors such as this are either found in $1,000 bags or they've been squirreled out of the mint. IKE Errors of this magnitude are very rare and always collected. How the seller came about this one is really an unknown unless she wants to share the circumstances.
The name is LEE!
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Not dealer bashing Tom as much as forum bashing in that when someone finds a 1901-S Barber in a group of coins which were purchased at melt, all hell breaks loose. But when a collector learns that his recent purchase is worth a lot of money but the seller wants to back out of the deal and perhaps get true value for her purchase, the forums rally on the side of the collector.
Again, I wonder what the outcome would be if the dealer had been the buyer who perhaps purchased a group of error coins without examining them? >>
Apples and oranges. This buyer did examine them, and he knew what he was getting (or thought he was getting) for his bid. Better to rephrase your question, "What would the outcome be if the seller walked into a shop, laid the coins out and said 'Give me $300 for the group.' and the dealer saw the coin in there before closing the deal?"
Sean Reynolds >>
Kinda right Sean but if I recall, the kind of examining was not on a coin by coin basis. Just a group gander showing various low grade barbers.
The name is LEE!