Getting the shaft

Bigrig52 · November 11, 2011 9:05AM

Some dealers really have the balls..At the coin club last night and up for auction was 10 rolls of suppose to be uncirculated memorial lincolns so i bought them.They had unc & bu wrote on the wrappers so figured i 'd bid.They were not in bank rolls but ordinary penny wrappers,boy was i wrong.They were JUNK (CORRODED,scratched to hell and some rolls had different dates in them yet they were marked by date rolls..Thats why i hate the way some dealers screw others.They shouldn't do that to other coin colledctors

JupitarCoins · November 11, 2011 9:12AM

Some dealers only care about the almighty dollar.

relicsncoins · November 11, 2011 9:15AM

<< Some dealers really have the balls..At the coin club last night and up for auction was 10 rolls of suppose to be uncirculated memorial lincolns so i bought them.They had unc & bu wrote on the wrappers so figured i 'd bid.They were not in bank rolls but ordinary penny wrappers,boy was i wrong.They were JUNK (CORRODED,scratched to hell and some rolls had different dates in them yet they were marked by date rolls..Thats why i hate the way some dealers screw others.They shouldn't do that to other coin colledctors >>

Since it was a coin club meeting, I'm assuming the seller was present. Did you confront him? I would've given him the chance to rectifiy the situation and then made the rest of the meeting quite uncomfortable for him if he didn't.

GBurger717 · November 11, 2011 9:24AM

Sounds like when I purchased rolls of buffalo nickels!!! The ends were nice the inside were culls... I wanted to make the dealer eat them but I said oh well and never spent another cent on any item they had as bad as I wanted to

Bigrig52 · November 11, 2011 9:33AM

I didn't open the rolls which was my own fault for not doing that but the seller should of been most honest about his item instead of just trying to get rid of his garbage that way.The club does not say who the seller is when you ask them.There was a dealer that tryed to sell trade dollars at a real high price and the auctioner told him they were fakes and he got pissed and said he didn't know it...All of them were fake..Oh well i won't buy anymore coins at the club

Tiny · November 11, 2011 9:41AM

Don't feel that way about club auctions. I have got a bunch of coins from our club
and one thing they do is put a small invoice with what the item is and who the seller
is you know who you are buying from. Coin clubs and the monthly meetings with member
to member sales and the club shows have been around way longer that all the B&Ms, auction
houses and the internet so hang in there.

Greeniejr · November 11, 2011 10:10AM

Wow so fast to blame dealers... Most dealers do not take paper wrappers, put coins in them and mark them BU and the date. Who does it? COLLECTORS. Lots of old time collectors did this and more often than not they are or are approximately right. On the other hand, there are times they are not what they purport to be. I would say 90% plus of the problem rolls are done by collectors. If a dealer gave it for the auction, I would bet they just didn't want to waste their time with it and just had them sitting around. I donate crap I have sitting around to the coin club for the annual auction. Could I see grabbing a handful of rolls like that and giving them? Absolutely. You are the only one at fault for not looking.

johnny9434 · November 12, 2011 5:01AM

<< Some dealers only care about the almighty dollar. >>

yeah and thats what makes it the pits

obleft · November 12, 2011 5:14AM

it's a market. Take responsibility of the purchase. Buying rolls you have to assume it may not be all it is advertised to be. I am not a dealer, not even a very good collector.

illini420 · November 12, 2011 5:17AM

Is it possible the person selling the coins at the club meeting also bought them like that and just never looked at them to check?

droopyd · November 12, 2011 5:32AM

<< Is it possible the person selling the coins at the club meeting also bought them like that and just never looked at them to check? >>

That's what I was thinking too.

keyman64 · November 12, 2011 5:37AM

You were brave to bid. I do not bid on mystery items/rolls etc. More often than not they have been searched and sometimes you get stuff like what you got. Try to return the junk if you can.

jmski52 · November 12, 2011 5:43AM

If they were marked, and the contents weren't as they were labelled, that is misrepresentation. They weren't labelled as "mystery rolls". I'd ask the club chairman to have the seller make it right or be outed. There's really no excuse for that in a "club" that supposedly promotes the hobby.

Type2 · November 12, 2011 5:43AM

That sucks it should be talked about at the next club meeting. I think it will help to stop or gives them some thing to think about next time they do it or ask if they can put some kind of list of sellers with the auctions so you and others can stay away from that auction that you keep geting rip on. There may be others just you dont know it yet.

WTCG · November 12, 2011 7:02AM

Considering the OP's posting history he needs to lay off coins for a while and invest in Prozac.

With that being said it is the buyer's ultimate responsibility to verify all potential purchases before making the purchase.

Since this transaction happened at a coin club meeting it is more likely the seller was another collector and not a dealer. The OP should blame the seller and himself, not dealers.

PerryHall · November 12, 2011 11:31PM

<< 

<< Is it possible the person selling the coins at the club meeting also bought them like that and just never looked at them to check? >>

That's what I was thinking too. >>

Agree. I can't imagine a coin club member screwing a fellow member like this unless they were trying to get ostracised or kicked out of the club.

Bigrig52 · November 12, 2011 11:35PM

<< That sucks it should be talked about at the next club meeting. I think it will help to stop or gives them some thing to think about next time they do it or ask if they can put some kind of list of sellers with the auctions so you and others can stay away from that auction that you keep geting rip on. There may be others just you dont know it yet.

>>

You can bet it will be brought up at the next meeting..Also i am going to suggest the sellers name be added to the start of the sale..

derryb · November 12, 2011 11:42PM

Since the club sponsored the auction the "club" should confront the seller about misrepresentation and insist on a refund. A dealer that expects to profit from his club affiliation (or invitation) needs to put the club first if he expects to build a customer base from that membership.

<< You can bet it will be brought up at the next meeting..Also i am going to suggest the sellers name be added to the start of the sale.. >>

Are you saying now that you don't know that a "dealer" is responsible? If seller was not identified, then you bought them from the "club." Seems your beef is with the club.

SoCalBigMark · November 12, 2011 11:52PM

Did you pay more than Twenty bucks?

PerryHall · November 13, 2011 12:20AM

<< Did you pay more than Twenty bucks? >>

Is the price paid for misrepresented merchandise really relevant?

lordmarcovan · November 13, 2011 12:29AM

<< Sounds like when I purchased rolls of buffalo nickels!!! The ends were nice the inside were culls... >>

Sounds like a Buffalo roll deal I once watched go down.

(I've told the tale many times before, but never get tired of repeating it. It was not so funny at first, but really funny in the end.)

Except that time a collector was the perp and a dealer the victim- until the tables turned.

golden · November 13, 2011 1:46AM

In the early 1960's I got my dad to take me to see a guy who had a coin shop as a side line in his other store.This was the first time that I had ever been to a coin shop and I was thrilled.I looked over his book of Indian cents and picked out a run of common dates in good ,from around 1900 to 1909.He took the book in the back to take out my coins and soon returned with my Indians all wrapped up and ready to go.When we got home I opened the package and was saddened to find the 1907 was a cull with huge cuts.This was not the coin that I had picked out of the book.The old bait and switch.I was a kid and was so upset that I don't think that even told my dad.It was a long way back to the coin store so I did not go back to see about this.Needless to say I never went to his shop again.I soon started a very long relationship with another coin dealer in town and over the years spend many hours and thousands of dollars with him.It has been almost 50 years since this happened but I have not forgotten.

SoCalBigMark · November 13, 2011 1:54AM

<< 

<< Did you pay more than Twenty bucks? >>

Is the price paid for misrepresented merchandise really relevant? >>

To start a thread and cause drama at a coin club for lunch money doesn't seem worth the hassle to me.

PerryHall · November 13, 2011 2:06AM

<< 

<< 

<< Did you pay more than Twenty bucks? >>

Is the price paid for misrepresented merchandise really relevant? >>

To start a thread and cause drama at a coin club for lunch money doesn't seem worth the hassle to me. >>

Maybe there's a principal involved here.

Getting the shaft

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