Is it time to call the lawyers ?
Durexmetals
Posts: 329 ✭✭
A new customer of mine was taken, and I mean taken pretty bad. A telemarketing outfit sold him 2 Common Date $5 Gold Commemoratives in ICG 70 at $1500 Each. Yes Each. Sad thing is this was 10 Years ago. Remember where gold was in 2001- makes you want to cringe huh?
My question is where is a good place to go to look up average retail prices from 10 years ago?
Always Buying Modern Gold, Silver, & Platinum Eagles.
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No, it's way too late. In fact, it was probably too late ten years ago.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
how do you go about proving what a 'perfect' (ICG 70) was or wasnt worth then??
please be aware, i'm not defending the seller or saying that the purchaser wasnt taken advantage of.........remember, it's not what you know, it's what you can PROVE
www.brunkauctions.com
When the market turns, when the "Top Pop" market dies, when toners fade away, when a series falls out of favor, when a TPG loses respect, etc. All would give us a reason to call the lawyers.
it was too late minute they bought em
hopefully someone gained common sense off this, if anything, sucks but happens every
day and I for one feel worse for the dealers who are left explaining this crap to the poor
unsuspecting public who got ripped, as they (the dealers) are treated the way the clowns who sold
the crap in the first place should have been treated, seriously.
Go BIG or GO HOME. ©Bill
bob
I would seek some legal advice before spending a lot of time hunting pricing. If the statute of limitations has expired, you could save yourself some time.
That said,
Pricing?
Try auction catalogs and records???
<< <i>alot has happened in 10 years, not the least of which is that ICG has lost market share and market acceptance.....they used to be seen as on par with PCGS and NGC, but that has changed >>
Never. Perhaps on circulated and low-MS classics they were pretty close or even, but they were never accepted for moderns.
<< <i>A new customer of mine was taken, and I mean taken pretty bad. A telemarketing outfit sold him 2 Common Date $5 Gold Commemoratives in ICG 70 at $1500 Each. Yes Each. Sad thing is this was 10 Years ago. Remember where gold was in 2001- makes you want to cringe huh? >>
If, instead of losing money, your customer had made many multiples over his initial investment in profit, he'd most likely be happy with how astute an investor he was and nobody would be thinking about lawyers.
Right?
<< <i>
<< <i>A new customer of mine was taken, and I mean taken pretty bad. A telemarketing outfit sold him 2 Common Date $5 Gold Commemoratives in ICG 70 at $1500 Each. Yes Each. Sad thing is this was 10 Years ago. Remember where gold was in 2001- makes you want to cringe huh? >>
If, instead of losing money, your customer had made many multiples over his initial investment in profit, he'd most likely be happy with how astute an investor he was and nobody would be thinking about lawyers.
Right? >>
Sounds about right to me.
I pity the poor sucker that bought 1988 Silver Eagles for $10.00!
The name is LEE!
sorry but no sympathy here
Experience the World through Numismatics...it's more than you can imagine.
<< <i>if one spends 1500 on a coin, they need to get educated first
sorry but no sympathy here >>
Reminds me of a saying.......a fool and his money........
Sure, at $300/hour, your customer can get taken for another $3000 in just ten hours.
``https://ebay.us/m/KxolR5
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
to
the National Do Not Call Registry
The other issue is whether the seller is still around to sue... no lawyer would take the case, except maybe Lionel Hutz.
<< <i>Who was the telemarketing firm that ripped off your customer. Are they still in operation? >>
The operation is now closed , and hard to imagine the CEO is in prison for fraud.
I do agree he should of done his due diligence , but it's those kind of dealers who give this entire industry a bad name. Thanks for all the responses.
Happy collecting.
How many times have we been told that the purchase we are considering will be worth twice its current value in a year to which I reply, why then are you selling them to me now?
However, I do know a broker who sold me shares in a company that went down the tubes, it's his fault I lost my money, I'm a victim.