No, you are not wrong. Unless you knew your buyer, you were wrong to ship the coin without first receiving full payment. Hopefully the coin will make its way back to you and you will have learned a valuable lesson at no great expense.
Some folks clearly showing their ignorance. While *I* would not pay $2000 for the coin, it is not a widget. A widget is what the price guide would be pricing for something like this. Toned peace dollars are not many. Attractively (to many) toned peace dollars are rarer indeed. Those that reside in PCGS holders are even more rare. To the right person, with the right funds, at the right time, I could see it going for 4 figures (above $1000 easily).
I also do not see how it matters what the person thought for the value. He ordered the coin, it was his responsibility to deliver it back to the seller when he decided to return it. He could have sent it express. He could have sent it registered. It does not matter what he thought other than insuring for full return value, as per agreement with seller, and getting tracking info. To do elsewise is irresponsible, stupid, and this still smells of a possible scam.
If there is no tracking number sent, no proof of mail sent, then it would be hard to have any post office track it. Go to your local post office, ask for the person in charge / postmaster general, and see if you can file a complaint against the buyer.
Those trying to set the value on this are missing the point........the buyer agreed on the $2000, from what the OP has said, with a return privilege which he chose to invoke. It is up to him to return the item, replace it exactly, or pay restitution for the agreed upon amount ($2000) of the item sold.
If you bought an ounce of gold 10 years ago for $300 and sold it last week for almost $2000 but the buyer said "I don't think gold is worth more than $300/oz" and sends it back insured for $300, he says, but it is never received.....what should you get back in return? A little easier to think about, isn't it? Generic gold is easier to replace but to me, it is the same type of scenario.....
Now, for the OP: You say that "the post office it was supposedly delivered to has no knowledge of the package"......do you know if the buyer just did the postage online? Did he tell you? If he did it online, at home, then when was it supposedly sent? Someone can do one online on Monday and sit on it for days/weeks on end before it ends up getting into a mailbox. Did you get back to the buyer and ask? And, again, is it a forum member?
<< <i>Well I sent out a coin to a potential buyer for an agreed value of $2000. Buyer was not happy with the price and said it only looked like a coin worth a couple of hundred dollars. Needless to say I said return it. So he supposedly sends it back but with priority mail with NO tracking and only $300 insurance!!!! Well...USPS lost the package and I'm severely pissed off. Is it the buyers responsibility to pay for the lost item for what we agreed on or what I paid for it? I bought it a few years ago and got a great deal on it and think it would sell for more now. Opinions?? >>
I call BullSquat on this internet story. No one is dumb enough to send out 2000 bucks worth of goods 'on approval'.
If you ARE that dumb, please send me a coin to look at. I prefer one valued around 3000 to $3500. If I don't think it's worth that much, I'll send it right back to you!!
<< <i>Still hoping the coin shows up... How long has it been M.I.A. >>
it was suppose to show up either friday or yesterday i was told. It still hasnt shown up >>
I'd give it a few more days before hitting the panic button. I don't know where it was returned from, but with severe weather conditions going on in the country, I'm sure mail is being rerouted. I wish you the best, but agree if it doesn't come in another 4 or 5 days, ask for pictures of his insured mailing slip, or a copy of an online transaction for the label.
Have bought and sold on BST, many references available when asked.
<< <i>My post office has never charged me for tracking the coins I ship with insurance purchased from U.S.P.S. Only they have the capability of tracking the package and should gladly assist someone with the request. I cannot fathom why the shipper told you their was no tracking number as it is on his copy of the insurance receipt. Good luck. Jim >>
I agree! If the buyer purchased insurance it can be tracked. Hope everything turns out ok for you.
I haven't read every single post, so forgive me if this is covered. Do you have the receipt or a copy of the post office receipt? Is it possible that the buyer used one of those automated postal centers to generate a tracking number by buying insurance but then the package was not mailed? Just wondering.
Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony. Will’sProoflikes
<< <i>it was suppose to show up either friday or yesterday i was told. It still hasnt shown up >>
This is about a package that is ONLY 1-2 DAYS LATE?! SERIOUSLY?! >>
Don't forget that the PO was closed last Monday due to Labor Day so you lost a shipping day. I wouldn't be surprised if it shows up this week.
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
<< <i>Funny, I missed the post before my last one. Now that I know what the item is, I'd argue that the full $2000 is due. Not because the coin is or isn't worth it, but because the price is within the realm of possibility. >>
OK, the wisdom of sending coins on approval to strangers notwithstanding, the Red Book value for an MS64 1924P dollar is $65. Even being generous and saying the coin would go up a grade or two (MS65: $190, MS66: $800), I don't see where $2000 is anywhere near a fair price for this coin. The reverse is weakly struck and appears to be more than a bit bag-marked. While some may like it, I think the obverse toning is unattractive. Should the buyer be taken to court, all he would have to do is whip out the latest Red Book or Coin World Trends and the seller would be on the losing end of the decision.
<< <i>Funny, I missed the post before my last one. Now that I know what the item is, I'd argue that the full $2000 is due. Not because the coin is or isn't worth it, but because the price is within the realm of possibility. >>
OK, the wisdom of sending coins on approval to strangers notwithstanding, the Red Book value for an MS64 1924P dollar is $65. Even being generous and saying the coin would go up a grade or two (MS65: $190, MS66: $800), I don't see where $2000 is anywhere near a fair price for this coin. The reverse is weakly struck and appears to be more than a bit bag-marked. While some may like it, I think the obverse toning is unattractive. Should the buyer be taken to court, all he would have to do is whip out the latest Red Book or Coin World Trends and the seller would be on the losing end of the decision. >>
Are you new to coin collecting? Coins with exceptional toning can bring multiples of Red Book prices.
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
If all is as you presented it in the OP, I'd say you're in the right and the buyer is in the wrong. If he'd been walking through a china shop and knocked a vase off the shelf, the rule would have been, "you break it, you buy it", and not "you break it, you pay what you personally think it's worth".
Collector since 1976. On the CU forums here since 2001.
<< <i>I just don't understand why he would insure it for $300. >>
Because he has now seen the coin, probably looked at the price guide, and knows he can't convince USPS it's worth more than $300 if it does reach an insurance claim. Only one so far to think it's worth more than $300 are the seller and someone who offered him four times the $300.
The only other explanation is he still has the coin and has no intention of returning it or completing payment.
Either way this a buyer that I would not want to deal with. >>
How could the buyer still have the coin if the package was recorded as last being seen/accounted for at the seller's PO. For that to be the case the buyer would have to have sent an empty package and know someone at the seller's PO who could watch for it and steal it.
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
I don't think the coin is a definite upgrade with all the ticks/scuffs. And color value is very subjective. If you have proof what you paid for the coin that might be the most you'll ever get reimbursed for it. To me it looks more like a $300 coin than a $2,000 coin. That's still a 4X color premium. But Peace dollar toner experts should chime in here. I would ensure that when such a disagreement as to value occurs that the seller makes sure the customer is going to insure for the requested purchase. It's rarely an issue as such wide disparity in values on slabbed coins occurs very infrequently. Toners are one of those situations.
The fact that the buyer requested the coin shipped for a $2,000 price tag was clear evidence they knew the value that toning could ad. This was not a MS64 widget $80 peace dollar. The OP could get signed affidavits from other dealers who made offers on this coin in order to bracket its value. These should take precedent over a generic price guide. And imo those should be what the current market value of the coin is, not $2,000. But it's a lot of work and still may not result in getting more than $300 for the coin. You know darn well the buyer isn't going to pony up any extra money unless they are taken to court.
As far as dealers being "dumb enough" to ship a $2,000 coin on approval? I would say that from 1980-2007 that the vast majority of coins sent to me by dealers for inspection were on approval. Most of those coins averaged in value from $2,000 to $20,000. It was quite rare where I would even bother with a coin if I had to send a check first. Wasn't worth the aggravation. I had a long list of dealer references going back 35 yrs so getting approval service was simple. Maybe things are different today though. I probably had hundreds of thousands of dollars in coins sent to me on approval over the years. And when I shipped out coins for sale to dealers, those were on approval as well. Works both ways. Most of my BST purchases have been made via approval where the sellers checked my references, etc. and then shipped the merchandise.
<< <i>I also do not see how it matters what the person thought for the value. >>
It mattered when he had to make the decision of how much insurance vs. what he thought a potential claim would pay out. If you know you can't argue/prove more than a $300 claim with the PO, you are wasting your money on any additional coverage. After viewing pics of the coin, IMO it was not underinsured as far as dealing with a claim.
Provided the buyer is not scamming, it is premature to get all worked up because the delivery is a day or two late. My post office has "lost" packages several times in the last few months. In fact, 2 out of the last 3 deliveries from PCGS had to be tracked down. One somehow got diverted to the wrong post office altogether and the other was miss-delivered. Eventually they found them. I raised heck at the local office & called the customer service 800 number as well. Morale isn't the greatest right now at the post office. Expect more of this to happen. Anyone shipping anything Priority without full insurance and signature confirmation these days is rolling the dice. Personally, I'd use Express Mail for anything above the upper 3 figure range. Which brings us to the buyer. Toning makes this coin one of a kind. If this gets ugly, the OP will have to bring examples to court showing the effect this can have on book pricing. He'll need actual examples from auctions cross referenced with the current book values.
While I understand why a few like to honor the time worn practice of sending coins on approval, my advice would be to get your head out of the sand & look around. Sadly, this is not your father's world.
"The only place success comes before work is in the dictionary."
>This is about a package that is ONLY 1-2 DAYS LATE?! SERIOUSLY? I understand the concern over not being able to put your finger on an expensive item, but I would definitely wait a few days before I got really worried.
>No one is dumb enough to send out 2000 bucks worth of goods 'on approval'. Al, please walk away from your computer. I don't know the exact relationship between the OP and the buyer, maybe he had reason or history to send out on approval.
<< <i>Help me out here, I just went to pcgs price guides, $80 in ms64 and $200 in ms65. I won't try to grade this one since I am no expert on them. But assuming it is undergraded for a moment and then adding 50% for the nice toning does equal $300, what the buyer I assume thought it was worth and thus insuring it for. I guess he was thinking why pay for insurance on $2k if the coin is only really worth $300.
Now in reality i don't know what they shoudl go for, typically pcgs is high for every coin that i collect but i don't know about this particular series. We all can think our coin is worth $100k but in the end our coin is only worth what it will sell for. Since you never sold the coin before how do you come up with $2k, I mean you can ask for anything under the sun but then you have to be realistic. The toning is nice but i don't want to hear about a 25X premium if ms65 or a 10x premium at ms65 in any case. >>
I came up with $2000 because its a fair price. Like i said above ive had numerous offers over $1200 and a few people who were in line after him at $1500. I have sometimes paid 30x what a coin is worth on sheet for the toning, so the whole idea about price guide goes out the window. >>
I personally think this toning premium is nutso, but it doesn't matter what I think, it is your coin to sell for what you want. Obviously the knucklehead buyer was interested at $2k otherwise he wouldn't have asked to see it at that price. He agreed to see the coin for $2k, he was invoiced, and he unilaterally decided not to incure it for the agreed upon amount, heck even if he didn't agree with the amount, he is supposed to insure it for the invoice amount, that is the right thing to do. He didn't, so I still say he owes you the diff between what the usps pays you and the $2k. However I personally think you are dreaming that it is truly worth $2k or anywhere close to that amount, jmho. >>
USPS will NOT reimburse TonedRarities for anything since TonedRarities didn't mail or pay for the insurance. The fellow that shipped the coin back has to process the $300 insurance claim and forward the money to TR.
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 haven't read every single post, so forgive me if this is covered. Do you have the receipt or a copy of the post office receipt? Is it possible that the buyer used one of those automated postal centers to generate a tracking number by buying insurance but then the package was not mailed? Just wondering. >>
The package was tracked via the insurance number as having been received at the seller's PO. How could that be if it wasn't mailed? After that it went missing. The tracking would show other stops along the way too.
The would-be buyer's assessment of value has no bearing on what he is on the hook for in this situation, though as others have rightly pointed out getting him to pay you will be an entirely different matter.
Finally, for future reference, our standard terms stipulate that any returns are to be made to us at OUR expense and per our specified shipping method. We do this so that we can make sure the coins are safely returned, quickly, with adequate insurance coverage. You might want to do the same from now on.
<< <i>Well I sent out a coin to a potential buyer for an agreed value of $2000. Buyer was not happy with the price and said it only looked like a coin worth a couple of hundred dollars. Needless to say I said return it. So he supposedly sends it back but with priority mail with NO tracking and only $300 insurance!!!! Well...USPS lost the package and I'm severely pissed off. Is it the buyers responsibility to pay for the lost item for what we agreed on or what I paid for it? I bought it a few years ago and got a great deal on it and think it would sell for more now. Opinions?? >>
I call BullSquat on this internet story. No one is dumb enough to send out 2000 bucks worth of goods 'on approval'.
If you ARE that dumb, please send me a coin to look at. I prefer one valued around 3000 to $3500. If I don't think it's worth that much, I'll send it right back to you!! >>
I have received many high valued coins from folks on these boards that were sent for my "approval". I purchased some and returned the rest. It is not as uncommon as you might think.
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>Are you new to coin collecting? Coins with exceptional toning can bring multiples of Red Book prices. >>
Been collecting for 50+ years, thank you. Try convincing the USPS that your toned coin is worth more than a internationally recognized and respected coin catalog says it is worth.
<< <i>Are you new to coin collecting? Coins with exceptional toning can bring multiples of Red Book prices. >>
Been collecting for 50+ years, thank you. Try convincing the USPS that your toned coin is worth more than a internationally recognized and respected coin catalog says it is worth. >>
The only insurance claim I had with USPS was for a coin I sold for $1,000 that got lost. Catalog value was less than half that. USPS paid the entire $1,000 when presented with the correct form and a copy of the invoice to the customer.
But in this case, the USPS is only on the hook for $300. The customer who decided to save a few bucks by underinsuring the coin, now owes the $1,700 difference if the coin is not recovered.
And I agree with CCU, the dealer should have given specific instructions on how the coin should be returned.
An authorized PCGS dealer, and a contributor to the Red Book.
If it was supposed to arrive via Priority Mail by Friday or Saturday then at this time I would imagine the case is more likely that of a delayed delivery rather than a lost coin. Regardless, I still would not be happy with the person who insured it for only $300.
<< <i>Are you new to coin collecting? Coins with exceptional toning can bring multiples of Red Book prices. >>
Been collecting for 50+ years, thank you. Try convincing the USPS that your toned coin is worth more than a internationally recognized and respected coin catalog says it is worth. >>
The buyer apparently believed that the coin was worth the $2000 at the start since that is what the agreed on price was initially. In fact he told me he was contemplating a $2K toner purchase when I offered him another coin. I don't think it would be too hard to go to TeleTrade and find many examples of toned dollars that sold for 10X or more times sheet.
<< <i>But in this case, the USPS is only on the hook for $300. The customer who decided to save a few bucks by underinsuring the coin, now owes the $1,700 difference if the coin is not recovered. >>
Granted, the USPS will pay the $300 it was insured for should the correct paperwork be filed and the package is actually missing. Frankly, I think the OP is jumping the gun a little for a package that simply could be delayed in shipping. Anyway, the only way to collect the remaining $1700 (barring that the customer pays willingly) is to sue. In court, the standard of proof is a bit higher than simply saying "Well, I think it was worth $2000 despite what every leading numismatic catalog says to the contrary." I wish the OP good luck and hope that his "lost" package arrives and/or everything works out for him. That being said, I think the coin is properly graded. I personally find the toning unattractive but beauty is in the eye of the beholder, I suppose. I do know that I would never pay anything close to $2000 for it but then again, I'm a known cheapskate!
<< <i>No, you are not wrong to be severely ticked.
The would-be buyer's assessment of value has no bearing on what he is on the hook for in this situation, though as others have rightly pointed out getting him to pay you will be an entirely different matter.
Finally, for future reference, our standard terms stipulate that any returns are to be made to us at OUR expense and per our specified shipping method. We do this so that we can make sure the coins are safely returned, quickly, with adequate insurance coverage. You might want to do the same from now on. >>
<< <i>I also do not see how it matters what the person thought for the value. >>
It mattered when he had to make the decision of how much insurance vs. what he thought a potential claim would pay out. If you know you can't argue/prove more than a $300 claim with the PO, you are wasting your money on any additional coverage. After viewing pics of the coin, IMO it was not underinsured as far as dealing with a claim. >>
I don't think there's any way the buyer followed this logic when he returned the coin, he was just trying to minimize his cost.
The buyer's responsibility in this instance is to provide the seller with either $2000 or his coin back. If the coin was truly lost during shipment and had been insured for the full sales price, the buyer would be clear of any responsibility and it would be up to the seller to prove the value to the USPS.
I mean come on, absent any motivation to avoid paying a higher claim, whose opinion of the value of that coin do you think the USPS is going to take? The dealer who has an invoice for a dollar figure and documentation backing up a legitimate sale at that price, or the customer returning the item?
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've shipped insured packages that "didn't arrive" until I had filed my claim and the PO had started to investigate the lost package. Once a postal inspector starts asking questions, things have a way of being "found". But, you have to wait 30 days and then file a claim. It's a PITA, but that's the rules.
I've shipped packages that were insured for less than my selling price on occasion, but that's at my own risk. I figure that if my insured package is lost, the investigation will improve my odds. Postal insurance is overpriced, in my opinion. Anyhow, if the package is really valuable, it goes Registered Mail and the Insurance costs less.
The OP should state who this buyer is. Frankly, I don't want to deal with someone who isn't careful enough with MY property to insure it according to MY stated value, especially if I shipped it to him insured for that amount.
Lastly, if this is important enough to take up 7 pages, why isn't it important enough to out the buyer?
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>If it was supposed to arrive via Priority Mail by Friday or Saturday then at this time I would imagine the case is more likely that of a delayed delivery rather than a lost coin. Regardless, I still would not be happy with the person who insured it for only $300. >>
The package has already been received back at the seller's post office, so it isn't delayed. The problem is that the post office can't find or account for it now.
The OP should state who this buyer is. Frankly, I don't want to deal with someone who isn't careful enough with MY property to insure it according to MY stated value, especially if I shipped it to him insured for that amount.
Lastly, if this is important enough to take up 7 pages, why isn't it important enough to out the buyer? >>
Agree 100%. I recently received this in the mail:
Granted, this is just a $20 coin. But it really ticks me off that the seller was too cheap to pay a few cents and use a padded envelope! He said he'd refund my purchase price but only after I return it at my expense. My position is why should I have to pay for his inadequate packaging? Needless to say, I won't be doing any further business with him. But it's amazing how many people are out there who just don't care & do the absolute minimum to get by. And eBay's full of them.
"The only place success comes before work is in the dictionary."
For those who have never seen one, here is a printout of a USPS insurance tracking result. Note that there is also an option for an extensive search. In fact I had this number tracked 3 times. The first time the guy came back and said it was forwarded on the 13th. The second time a gal came back with a printout and said I could only look at it. The third time a gal gave me the printout saying there is nothing to show that I couldn't have it. As long as I have an insurance number, I never pay for DC or sig conf unless PP demands it.
I am sorry for the op's problem but I appreciate him posting it here to make everyone aware of potential losses. Because of it I have included a requirement for returned items to be fully insured. May not fix everything but gets you a little more protection.
Gold and silver are valuable but wisdom is priceless.
If I picked it up from a B&M on approval, decided I didn't like it and lost it on the way back to return it, I'd still owe the $2k, right? If everyone agrees that it's permanently lost, he owes you $2k and USPS owes him $300. If he doesn't pay, file a police report AND sue him.
<< <i>If I picked it up from a B&M on approval, decided I didn't like it and lost it on the way back to return it, I'd still owe the $2k, right? If everyone agrees that it's permanently lost, he owes you $2k and USPS owes him $300. If he doesn't pay, file a police report AND sue him. >>
What would you tell the cops? The USPS lost my package?
At the $2000 level REGISTERD mail should have been used...as I think it's a bit less costly than Priority with the insurance and it's a better way to go.
Whatever the case it doesn't matter what catalog is at all. The buyer agreed that the coin was worth $2000 and should have handled it that way. Period. I don't give a crap whether he thinks the coin is worth 20 cents...he AGREED on the $2000 approval. He owes $2000....end of discussion. If the buyer didn't think the coin was worth that much then why is he wasting everyone's time and money mailing the coin all over the place? He saw the photo, right?
Still...I think the dealer shouldn't be sending coins out to people he doesn't know or have references for. Never ever ever.
<< <i>At the $2000 level REGISTERD mail should have been used...as I think it's a bit less costly than Priority with the insurance and it's a better way to go.
Whatever the case it doesn't matter what catalog is at all. The buyer agreed that the coin was worth $2000 and should have handled it that way. Period. I don't give a crap whether he thinks the coin is worth 20 cents...he AGREED on the $2000 approval. He owes $2000....end of discussion. If the buyer didn't think the coin was worth that much then why is he wasting everyone's time and money mailing the coin all over the place? He saw the photo, right?
Still...I think the dealer shouldn't be sending coins out to people he doesn't know or have references for. Never ever ever.
jom >>
The buyer never "agreed the coin was worth $2000". He agreed to take a look at a coin ON APPROVAL. Two different things.
<< <i>At the $2000 level REGISTERD mail should have been used...as I think it's a bit less costly than Priority with the insurance and it's a better way to go.
Whatever the case it doesn't matter what catalog is at all. The buyer agreed that the coin was worth $2000 and should have handled it that way. Period. I don't give a crap whether he thinks the coin is worth 20 cents...he AGREED on the $2000 approval. He owes $2000....end of discussion. If the buyer didn't think the coin was worth that much then why is he wasting everyone's time and money mailing the coin all over the place? He saw the photo, right?
Still...I think the dealer shouldn't be sending coins out to people he doesn't know or have references for. Never ever ever.
jom >>
The buyer never "agreed the coin was worth $2000". He agreed to take a look at a coin ON APPROVAL. Two different things. >>
He knew the asking price was $2K before the seller ever shipped and also put 10% down if I read the posts correctly.
<< <i>The buyer never "agreed the coin was worth $2000". He agreed to take a look at a coin ON APPROVAL. Two different things >>
The buyer does not get to value the coin. The seller(current owner) does get to value the coin. The buyer took possesion of the coin darn well knowing the seller valued it at $2,000.
I think you are owed the 2000,and also think the coin may still turn up.That being said,you probably should have sold it to someone you trusted and said they would buy it for the price you quoted them.
Great coins are not cheap,and cheap coins are not great!
<< <i>At the $2000 level REGISTERD mail should have been used...as I think it's a bit less costly than Priority with the insurance and it's a better way to go.
Whatever the case it doesn't matter what catalog is at all. The buyer agreed that the coin was worth $2000 and should have handled it that way. Period. I don't give a crap whether he thinks the coin is worth 20 cents...he AGREED on the $2000 approval. He owes $2000....end of discussion. If the buyer didn't think the coin was worth that much then why is he wasting everyone's time and money mailing the coin all over the place? He saw the photo, right?
Still...I think the dealer shouldn't be sending coins out to people he doesn't know or have references for. Never ever ever.
jom >>
The buyer never "agreed the coin was worth $2000". He agreed to take a look at a coin ON APPROVAL. Two different things. >>
WRONG. He agreed to BUY it for $2000. He made me wait 2 weeks to sell some coins before he could purchase it.
<< <i>The buyer never "agreed the coin was worth $2000". He agreed to take a look at a coin ON APPROVAL. Two different things. >>
WRONG. He agreed to BUY it for $2000. He made me wait 2 weeks to sell some coins before he could purchase it. >>
Yep. Oh...did I forget to mention this buyer is a PINHEAD for not insuring the coin at $2000? I mean, it would have cost him maybe $25 to send it Registered. Now he owes $1700. Pure genius.
Comments
<< <i>Severely ticked off. Am I Wrong? >>
No, you are not wrong. Unless you knew your buyer, you were wrong to ship the coin without first receiving full payment. Hopefully the coin will make its way back to you and you will have learned a valuable lesson at no great expense.
Velocity, Not Valuation Defines A Bubble.
While *I* would not pay $2000 for the coin, it is not a widget. A widget is what the price guide would be pricing for something like this.
Toned peace dollars are not many. Attractively (to many) toned peace dollars are rarer indeed. Those that reside in PCGS holders are even more rare. To the right person, with the right funds, at the right time, I could see it going for 4 figures (above $1000 easily).
I also do not see how it matters what the person thought for the value. He ordered the coin, it was his responsibility to deliver it back to the seller when he decided to return it. He could have sent it express. He could have sent it registered. It does not matter what he thought other than insuring for full return value, as per agreement with seller, and getting tracking info. To do elsewise is irresponsible, stupid, and this still smells of a possible scam.
If there is no tracking number sent, no proof of mail sent, then it would be hard to have any post office track it. Go to your local post office, ask for the person in charge / postmaster general, and see if you can file a complaint against the buyer.
Those trying to set the value on this are missing the point........the buyer agreed on the $2000, from what the OP has said, with a return privilege which he chose to invoke. It is up to him to return the item, replace it exactly, or pay restitution for the agreed upon amount ($2000) of the item sold.
If you bought an ounce of gold 10 years ago for $300 and sold it last week for almost $2000 but the buyer said "I don't think gold is worth more than $300/oz" and sends it back insured for $300, he says, but it is never received.....what should you get back in return? A little easier to think about, isn't it? Generic gold is easier to replace but to me, it is the same type of scenario.....
Now, for the OP:
You say that "the post office it was supposedly delivered to has no knowledge of the package"......do you know if the buyer just did the postage online? Did he tell you? If he did it online, at home, then when was it supposedly sent? Someone can do one online on Monday and sit on it for days/weeks on end before it ends up getting into a mailbox.
Did you get back to the buyer and ask?
And, again, is it a forum member?
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
The agreed price was $2000 and that's what the buyer is responsible for.
What right does the buyer have to put a lesser value of $300 on it when he returned it?
It wasn't his property.
The nerve of some people!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>Well I sent out a coin to a potential buyer for an agreed value of $2000. Buyer was not happy with the price and said it only looked like a coin worth a couple of hundred dollars. Needless to say I said return it. So he supposedly sends it back but with priority mail with NO tracking and only $300 insurance!!!! Well...USPS lost the package and I'm severely pissed off. Is it the buyers responsibility to pay for the lost item for what we agreed on or what I paid for it? I bought it a few years ago and got a great deal on it and think it would sell for more now. Opinions?? >>
I call BullSquat on this internet story. No one is dumb enough to send out 2000 bucks worth of goods 'on approval'.
If you ARE that dumb, please send me a coin to look at. I prefer one valued around 3000 to $3500. If I don't think it's worth that much, I'll send it right back to you!!
<< <i>
<< <i>Still hoping the coin shows up... How long has it been M.I.A.
it was suppose to show up either friday or yesterday i was told. It still hasnt shown up
I'd give it a few more days before hitting the panic button. I don't know where it was returned from, but with severe weather conditions going on in the country, I'm sure mail is being rerouted. I wish you the best, but agree if it doesn't come in another 4 or 5 days, ask for pictures of his insured mailing slip, or a copy of an online transaction for the label.
<< <i>My post office has never charged me for tracking the coins I ship with insurance purchased from U.S.P.S. Only they have the capability of tracking the package and should gladly assist someone with the request. I cannot fathom why the shipper told you their was no tracking number as it is on his copy of the insurance receipt. Good luck.
Jim >>
I agree! If the buyer purchased insurance it can be tracked. Hope everything turns out ok for you.
Franklin-Lover's Forum
Will’sProoflikes
<< <i>
<< <i>it was suppose to show up either friday or yesterday i was told. It still hasnt shown up
This is about a package that is ONLY 1-2 DAYS LATE?! SERIOUSLY?!
Don't forget that the PO was closed last Monday due to Labor Day so you lost a shipping day. I wouldn't be surprised if it shows up this week.
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
<< <i>Funny, I missed the post before my last one. Now that I know what the item is, I'd argue that the full $2000 is due. Not because the coin is or isn't worth it, but because the price is within the realm of possibility. >>
OK, the wisdom of sending coins on approval to strangers notwithstanding, the Red Book value for an MS64 1924P dollar is $65.
Even being generous and saying the coin would go up a grade or two (MS65: $190, MS66: $800), I don't see where $2000 is anywhere near a fair price for this coin. The reverse is weakly struck and appears to be more than a bit bag-marked. While some may like it, I think the obverse toning is unattractive.
Should the buyer be taken to court, all he would have to do is whip out the latest Red Book or Coin World Trends and the seller would be on the losing end of the decision.
More importantly, why would you ever send a coin like this any method other than registered mail??
That isn't to say that the seller is being entirely too trusting and naive.
1/2 Cents
U.S. Revenue Stamps
<< <i>
<< <i>Funny, I missed the post before my last one. Now that I know what the item is, I'd argue that the full $2000 is due. Not because the coin is or isn't worth it, but because the price is within the realm of possibility. >>
OK, the wisdom of sending coins on approval to strangers notwithstanding, the Red Book value for an MS64 1924P dollar is $65.
Even being generous and saying the coin would go up a grade or two (MS65: $190, MS66: $800), I don't see where $2000 is anywhere near a fair price for this coin. The reverse is weakly struck and appears to be more than a bit bag-marked. While some may like it, I think the obverse toning is unattractive.
Should the buyer be taken to court, all he would have to do is whip out the latest Red Book or Coin World Trends and the seller would be on the losing end of the decision. >>
Are you new to coin collecting? Coins with exceptional toning can bring multiples of Red Book prices.
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
If all is as you presented it in the OP, I'd say you're in the right and the buyer is in the wrong. If he'd been walking through a china shop and knocked a vase off the shelf, the rule would have been, "you break it, you buy it", and not "you break it, you pay what you personally think it's worth".
Collector since 1976. On the CU forums here since 2001.
<< <i>Are you new to coin collecting? Coins with exceptional toning can bring multiples of Red Book prices. >>
Try telling that to your USPS postal inspector when your trying to claim $300 or $2000 for a coin that has a publicized value of $80
<< <i>
<< <i>I just don't understand why he would insure it for $300. >>
Because he has now seen the coin, probably looked at the price guide, and knows he can't convince USPS it's worth more than $300 if it does reach an insurance claim. Only one so far to think it's worth more than $300 are the seller and someone who offered him four times the $300.
The only other explanation is he still has the coin and has no intention of returning it or completing payment.
Either way this a buyer that I would not want to deal with. >>
How could the buyer still have the coin if the package was recorded as last being seen/accounted for at the seller's PO. For that to be the case the buyer would have to have sent an empty package and know someone at the seller's PO who could watch for it and steal it.
<< <i>
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
I don't think the coin is a definite upgrade with all the ticks/scuffs. And color value is very subjective. If you have proof what you paid for the coin that might be the most you'll ever get reimbursed for it. To me it looks more like a $300 coin than a $2,000 coin. That's still a 4X color premium. But Peace dollar toner experts should chime in here. I would ensure that when such a disagreement as to value occurs that the seller makes sure the customer is going to insure for the requested purchase. It's rarely an issue as such wide disparity in values on slabbed coins occurs very infrequently. Toners are one of those situations.
The fact that the buyer requested the coin shipped for a $2,000 price tag was clear evidence they knew the value that toning could ad. This was not a MS64 widget $80 peace dollar. The OP could get signed affidavits from other dealers who made offers on this coin in order to bracket its value. These should take precedent over a generic price guide. And imo those should be what the current market value of the coin is, not $2,000. But it's a lot of work and still may not result in getting more than $300 for the coin. You know darn well the buyer isn't going to pony up any extra money unless they are taken to court.
As far as dealers being "dumb enough" to ship a $2,000 coin on approval? I would say that from 1980-2007 that the vast majority of coins sent to me by dealers for inspection were on approval. Most of those coins averaged in value from $2,000 to $20,000. It was quite rare where I would even bother with a coin if I had to send a check first. Wasn't worth the aggravation. I had a long list of dealer references going back 35 yrs so getting approval service was simple. Maybe things are different today though. I probably had hundreds of thousands of dollars in coins sent to me on approval over the years. And when I shipped out coins for sale to dealers, those were on approval as well. Works both ways. Most of my BST purchases have been made via approval where the sellers checked my references, etc. and then shipped the merchandise.
roadrunner
<< <i>I also do not see how it matters what the person thought for the value. >>
It mattered when he had to make the decision of how much insurance vs. what he thought a potential claim would pay out. If you know you can't argue/prove more than a $300 claim with the PO, you are wasting your money on any additional coverage. After viewing pics of the coin, IMO it was not underinsured as far as dealing with a claim.
Velocity, Not Valuation Defines A Bubble.
Provided the buyer is not scamming, it is premature to get all worked up because the delivery is a day or two late. My post office has "lost" packages several times in the last few months. In fact, 2 out of the last 3 deliveries from PCGS had to be tracked down. One somehow got diverted to the wrong post office altogether and the other was miss-delivered. Eventually they found them. I raised heck at the local office & called the customer service 800 number as well. Morale isn't the greatest right now at the post office. Expect more of this to happen. Anyone shipping anything Priority without full insurance and signature confirmation these days is rolling the dice. Personally, I'd use Express Mail for anything above the upper 3 figure range. Which brings us to the buyer. Toning makes this coin one of a kind. If this gets ugly, the OP will have to bring examples to court showing the effect this can have on book pricing. He'll need actual examples from auctions cross referenced with the current book values.
While I understand why a few like to honor the time worn practice of sending coins on approval, my advice would be to get your head out of the sand & look around. Sadly, this is not your father's world.
"The only place success comes before work is in the dictionary."
~ Vince Lombardi
I understand the concern over not being able to put your finger on an expensive item, but I would definitely wait a few days before I got really worried.
>No one is dumb enough to send out 2000 bucks worth of goods 'on approval'.
Al, please walk away from your computer. I don't know the exact relationship between the OP and the buyer, maybe he had reason or history to send out on approval.
And of course I say he owes you $2000.
-Keith
<< <i>Discussing the 'value' of the coin has nothing to due with this situation.
The agreed price was $2000 and that's what the buyer is responsible for.
What right does the buyer have to put a lesser value of $300 on it when he returned it?
It wasn't his property.
The nerve of some people!! >>
He was trying to get by cheap. $300 will at least require the package be signed for.
<< <i>
<< <i>
<< <i>Help me out here, I just went to pcgs price guides, $80 in ms64 and $200 in ms65. I won't try to grade this one since I am no expert on them. But assuming it is undergraded for a moment and then adding 50% for the nice toning does equal $300, what the buyer I assume thought it was worth and thus insuring it for. I guess he was thinking why pay for insurance on $2k if the coin is only really worth $300.
Now in reality i don't know what they shoudl go for, typically pcgs is high for every coin that i collect but i don't know about this particular series. We all can think our coin is worth $100k but in the end our coin is only worth what it will sell for. Since you never sold the coin before how do you come up with $2k, I mean you can ask for anything under the sun but then you have to be realistic. The toning is nice but i don't want to hear about a 25X premium if ms65 or a 10x premium at ms65 in any case. >>
I came up with $2000 because its a fair price. Like i said above ive had numerous offers over $1200 and a few people who were in line after him at $1500. I have sometimes paid 30x what a coin is worth on sheet for the toning, so the whole idea about price guide goes out the window. >>
I personally think this toning premium is nutso, but it doesn't matter what I think, it is your coin to sell for what you want. Obviously the knucklehead buyer was interested at $2k otherwise he wouldn't have asked to see it at that price. He agreed to see the coin for $2k, he was invoiced, and he unilaterally decided not to incure it for the agreed upon amount, heck even if he didn't agree with the amount, he is supposed to insure it for the invoice amount, that is the right thing to do. He didn't, so I still say he owes you the diff between what the usps pays you and the $2k. However I personally think you are dreaming that it is truly worth $2k or anywhere close to that amount, jmho. >>
USPS will NOT reimburse TonedRarities for anything since TonedRarities didn't mail or pay for the insurance. The fellow that shipped the coin back has to process the $300 insurance claim and forward the money to TR.
The name is LEE!
<< <i>I haven't read every single post, so forgive me if this is covered. Do you have the receipt or a copy of the post office receipt? Is it possible that the buyer used one of those automated postal centers to generate a tracking number by buying insurance but then the package was not mailed? Just wondering. >>
The package was tracked via the insurance number as having been received at the seller's PO. How could that be if it wasn't mailed? After that it went missing. The tracking would show other stops along the way too.
The would-be buyer's assessment of value has no bearing on what he is on the hook for in this situation, though as others have rightly pointed out getting him to pay you will be an entirely different matter.
Finally, for future reference, our standard terms stipulate that any returns are to be made to us at OUR expense and per our specified shipping method. We do this so that we can make sure the coins are safely returned, quickly, with adequate insurance coverage. You might want to do the same from now on.
<< <i>
<< <i>Well I sent out a coin to a potential buyer for an agreed value of $2000. Buyer was not happy with the price and said it only looked like a coin worth a couple of hundred dollars. Needless to say I said return it. So he supposedly sends it back but with priority mail with NO tracking and only $300 insurance!!!! Well...USPS lost the package and I'm severely pissed off. Is it the buyers responsibility to pay for the lost item for what we agreed on or what I paid for it? I bought it a few years ago and got a great deal on it and think it would sell for more now. Opinions?? >>
I call BullSquat on this internet story. No one is dumb enough to send out 2000 bucks worth of goods 'on approval'.
If you ARE that dumb, please send me a coin to look at. I prefer one valued around 3000 to $3500. If I don't think it's worth that much, I'll send it right back to you!! >>
I have received many high valued coins from folks on these boards that were sent for my "approval". I purchased some and returned the rest. It is not as uncommon as you might think.
The name is LEE!
<< <i>Are you new to coin collecting? Coins with exceptional toning can bring multiples of Red Book prices. >>
Been collecting for 50+ years, thank you.
Try convincing the USPS that your toned coin is worth more than a internationally recognized and respected coin catalog says it is worth.
<< <i>
<< <i>Are you new to coin collecting? Coins with exceptional toning can bring multiples of Red Book prices. >>
Been collecting for 50+ years, thank you.
Try convincing the USPS that your toned coin is worth more than a internationally recognized and respected coin catalog says it is worth. >>
The only insurance claim I had with USPS was for a coin I sold for $1,000 that got lost. Catalog value was less than half that. USPS paid the entire $1,000 when presented with the correct form and a copy of the invoice to the customer.
But in this case, the USPS is only on the hook for $300. The customer who decided to save a few bucks by underinsuring the coin, now owes the $1,700 difference if the coin is not recovered.
And I agree with CCU, the dealer should have given specific instructions on how the coin should be returned.
An authorized PCGS dealer, and a contributor to the Red Book.
In honor of the memory of Cpl. Michael E. Thompson
<< <i>
<< <i>Are you new to coin collecting? Coins with exceptional toning can bring multiples of Red Book prices. >>
Been collecting for 50+ years, thank you.
Try convincing the USPS that your toned coin is worth more than a internationally recognized and respected coin catalog says it is worth. >>
The buyer apparently believed that the coin was worth the $2000 at the start since that is what the agreed on price was initially. In fact he told me he was contemplating a $2K toner purchase when I offered him another coin. I don't think it would be too hard to go to TeleTrade and find many examples of toned dollars that sold for 10X or more times sheet.
<< <i>But in this case, the USPS is only on the hook for $300. The customer who decided to save a few bucks by underinsuring the coin, now owes the $1,700 difference if the coin is not recovered. >>
Granted, the USPS will pay the $300 it was insured for should the correct paperwork be filed and the package is actually missing.
Frankly, I think the OP is jumping the gun a little for a package that simply could be delayed in shipping.
Anyway, the only way to collect the remaining $1700 (barring that the customer pays willingly) is to sue.
In court, the standard of proof is a bit higher than simply saying "Well, I think it was worth $2000 despite what every leading numismatic catalog says to the contrary."
I wish the OP good luck and hope that his "lost" package arrives and/or everything works out for him.
That being said, I think the coin is properly graded.
I personally find the toning unattractive but beauty is in the eye of the beholder, I suppose.
I do know that I would never pay anything close to $2000 for it but then again, I'm a known cheapskate!
<< <i>No, you are not wrong to be severely ticked.
The would-be buyer's assessment of value has no bearing on what he is on the hook for in this situation, though as others have rightly pointed out getting him to pay you will be an entirely different matter.
Finally, for future reference, our standard terms stipulate that any returns are to be made to us at OUR expense and per our specified shipping method. We do this so that we can make sure the coins are safely returned, quickly, with adequate insurance coverage. You might want to do the same from now on. >>
This is only smart business, I agree completely.
<< <i>
<< <i>I also do not see how it matters what the person thought for the value. >>
It mattered when he had to make the decision of how much insurance vs. what he thought a potential claim would pay out. If you know you can't argue/prove more than a $300 claim with the PO, you are wasting your money on any additional coverage. After viewing pics of the coin, IMO it was not underinsured as far as dealing with a claim. >>
I don't think there's any way the buyer followed this logic when he returned the coin, he was just trying to minimize his cost.
The buyer's responsibility in this instance is to provide the seller with either $2000 or his coin back. If the coin was truly lost during shipment and had been insured for the full sales price, the buyer would be clear of any responsibility and it would be up to the seller to prove the value to the USPS.
I mean come on, absent any motivation to avoid paying a higher claim, whose opinion of the value of that coin do you think the USPS is going to take? The dealer who has an invoice for a dollar figure and documentation backing up a legitimate sale at that price, or the customer returning the item?
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've shipped packages that were insured for less than my selling price on occasion, but that's at my own risk. I figure that if my insured package is lost, the investigation will improve my odds. Postal insurance is overpriced, in my opinion. Anyhow, if the package is really valuable, it goes Registered Mail and the Insurance costs less.
The OP should state who this buyer is. Frankly, I don't want to deal with someone who isn't careful enough with MY property to insure it according to MY stated value, especially if I shipped it to him insured for that amount.
Lastly, if this is important enough to take up 7 pages, why isn't it important enough to out the buyer?
I knew it would happen.
<< <i>If it was supposed to arrive via Priority Mail by Friday or Saturday then at this time I would imagine the case is more likely that of a delayed delivery rather than a lost coin. Regardless, I still would not be happy with the person who insured it for only $300. >>
The package has already been received back at the seller's post office, so it isn't delayed. The problem is that the post office can't find or account for it now.
<< <i> ...............
The OP should state who this buyer is. Frankly, I don't want to deal with someone who isn't careful enough with MY property to insure it according to MY stated value, especially if I shipped it to him insured for that amount.
Lastly, if this is important enough to take up 7 pages, why isn't it important enough to out the buyer? >>
Agree 100%. I recently received this in the mail:
Granted, this is just a $20 coin. But it really ticks me off that the seller was too cheap to pay a few cents and use a padded envelope! He said he'd refund my purchase price but only after I return it at my expense. My position is why should I have to pay for his inadequate packaging? Needless to say, I won't be doing any further business with him. But it's amazing how many people are out there who just don't care & do the absolute minimum to get by. And eBay's full of them.
"The only place success comes before work is in the dictionary."
~ Vince Lombardi
<< <i>Maybe should have gotten paid first? >>
Have to agree, get the money first. If you had 1000 great transactions, it just means you have not had the bad one YET. Good luck.
<< <i>If I picked it up from a B&M on approval, decided I didn't like it and lost it on the way back to return it, I'd still owe the $2k, right? If everyone agrees that it's permanently lost, he owes you $2k and USPS owes him $300. If he doesn't pay, file a police report AND sue him. >>
What would you tell the cops? The USPS lost my package?
<< <i>..I told you Jack;
what you put out there comes back to you
.this is only one story in a long list of foul ups and screw ups that seem to plague you .
You are indeed either young and naive - or your just mostly full of hot air ;
I can't figure out which >>
Coming from someone who has two usernames. Isn't that right PawPaul? Don't get butthurt because I didn't want your overpriced 58-D
Whatever the case it doesn't matter what catalog is at all. The buyer agreed that the coin was worth $2000 and should have handled it that way. Period. I don't give a crap whether he thinks the coin is worth 20 cents...he AGREED on the $2000 approval. He owes $2000....end of discussion. If the buyer didn't think the coin was worth that much then why is he wasting everyone's time and money mailing the coin all over the place? He saw the photo, right?
Still...I think the dealer shouldn't be sending coins out to people he doesn't know or have references for. Never ever ever.
jom
<< <i>At the $2000 level REGISTERD mail should have been used...as I think it's a bit less costly than Priority with the insurance and it's a better way to go.
Whatever the case it doesn't matter what catalog is at all. The buyer agreed that the coin was worth $2000 and should have handled it that way. Period. I don't give a crap whether he thinks the coin is worth 20 cents...he AGREED on the $2000 approval. He owes $2000....end of discussion. If the buyer didn't think the coin was worth that much then why is he wasting everyone's time and money mailing the coin all over the place? He saw the photo, right?
Still...I think the dealer shouldn't be sending coins out to people he doesn't know or have references for. Never ever ever.
jom >>
The buyer never "agreed the coin was worth $2000". He agreed to take a look at a coin ON APPROVAL. Two different things.
<< <i>
<< <i>At the $2000 level REGISTERD mail should have been used...as I think it's a bit less costly than Priority with the insurance and it's a better way to go.
Whatever the case it doesn't matter what catalog is at all. The buyer agreed that the coin was worth $2000 and should have handled it that way. Period. I don't give a crap whether he thinks the coin is worth 20 cents...he AGREED on the $2000 approval. He owes $2000....end of discussion. If the buyer didn't think the coin was worth that much then why is he wasting everyone's time and money mailing the coin all over the place? He saw the photo, right?
Still...I think the dealer shouldn't be sending coins out to people he doesn't know or have references for. Never ever ever.
jom >>
The buyer never "agreed the coin was worth $2000". He agreed to take a look at a coin ON APPROVAL. Two different things. >>
He knew the asking price was $2K before the seller ever shipped and also put 10% down if I read the posts correctly.
<< <i>The buyer never "agreed the coin was worth $2000". He agreed to take a look at a coin ON APPROVAL. Two different things >>
The buyer does not get to value the coin. The seller(current owner) does get to value the coin. The buyer took possesion of the coin darn well knowing the seller valued it at $2,000.
<< <i>
<< <i>At the $2000 level REGISTERD mail should have been used...as I think it's a bit less costly than Priority with the insurance and it's a better way to go.
Whatever the case it doesn't matter what catalog is at all. The buyer agreed that the coin was worth $2000 and should have handled it that way. Period. I don't give a crap whether he thinks the coin is worth 20 cents...he AGREED on the $2000 approval. He owes $2000....end of discussion. If the buyer didn't think the coin was worth that much then why is he wasting everyone's time and money mailing the coin all over the place? He saw the photo, right?
Still...I think the dealer shouldn't be sending coins out to people he doesn't know or have references for. Never ever ever.
jom >>
The buyer never "agreed the coin was worth $2000". He agreed to take a look at a coin ON APPROVAL. Two different things. >>
WRONG. He agreed to BUY it for $2000. He made me wait 2 weeks to sell some coins before he could purchase it.
<< <i>
<< <i>The buyer never "agreed the coin was worth $2000". He agreed to take a look at a coin ON APPROVAL. Two different things. >>
WRONG. He agreed to BUY it for $2000. He made me wait 2 weeks to sell some coins before he could purchase it. >>
Yep. Oh...did I forget to mention this buyer is a PINHEAD for not insuring the coin at $2000? I mean, it would have cost him maybe $25 to send it Registered. Now he owes $1700. Pure genius.
jom