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 Replies: 21 / Views: 3,389 |
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Pillar of the Community
United States
5887 Posts |
Loved it! I agree a great way to start the day!
-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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Pillar of the Community
 United States
5675 Posts |
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Pillar of the Community
Canada
5324 Posts |
That dealer should get some kudos !
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Pillar of the Community
United States
7624 Posts |
Kudos to an honest dealer!
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Pillar of the Community
United States
5239 Posts |
There are good people still out there. Really a good read.
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Pillar of the Community
United States
3207 Posts |
Cool story. Only 100 or so known examples. How many coins does the average cent die produce? Must be thousands, so there should be many more examples yet to be found.
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Pillar of the Community
United States
1590 Posts |
I'm not sure I would characterize the dealer as honest. A good guy certainly. But buying a bulk collection of Lincolns at an agreed upon price, sight unseen, is the norm in our busniness. It is the hope of finding that rare coin inbetween all the common stuff that gets us coming into the shop every day. Let me put it into perspective. You as the buyer buy a bulk bag of 5000 Lincolns from an individual on ebay. Said individual is liquidating a collection of coins they inherited and trying to make a quick buck. Happens all the time. Now YOU as the buyer find an UNC Red 1909-S VDB. Are you now required to return it to the nice old man who sold you the bulk collection? |
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Pillar of the Community
United States
5832 Posts |
I would really thanks the dealer if it was me, and would give back some of the auction winnings as a gesture of my gratitude and the dealer generous honesty.
This would be a case by case basis, but that's how I would approach it in this case.
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Pillar of the Community
United States
1316 Posts |
Such a great story, very proud of the dealer for being honest and legit in his dealings.
I've recently abandoned a couple other hobbies primarily because I grew tired of the cutthroat, self-serving, and underhanded practices of so many others. I know coin dealers can be grumpy profiteers at times, but every show I've been to I keep finding honest and kind dealers that help keep this hobby enjoyable.
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Pillar of the Community
United States
7624 Posts |
I always looked at finds like this, this way.....
If the bulk purchase was from a customer (or a walk up at a show) and they handed me a bag of Buffalos or Indians and said "what'll-u-give-me for-this" I'd make them an offer based on a quick sample. If after they were sorted, and I found something real good like a 3-legged Buffalo or 09-S Indian, I'd reach out to them. (I always tagged each purchase with a name, phone number and price paid).
If the bulk purchase was from another dealer at the show (and the purchase was off his table) then all bets were off. A dealer knows better and should have gone thru them.
I've found overdates, 3 and 3 1/2 leggers from both sources over the past many, many years. It just goes with the territory.
Everybody is different how they handle things. My method works for me. I also sleep good at night.
Edited by westernsky
11/21/2020 3:27 pm
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Pillar of the Community
Canada
5246 Posts |
I am not convinced that it would have been "dishonest" to keep it. After all, the dealer had no idea there was something really good in the lot.
Look at this from the dealer's point of view: They have to spend hours sifting through a pile of stuff, the vast majority of which is worth face value. Why should the LCS spend hours in order to find something good and pay the customer more? Perhaps advise the customer how to search for varieties. My LCS would probably have paid the guy face value just as a favor and would not likely have searched through them due to lack of time.
That being said, I am not saying that I would have kept it, but the best course of action is not at all clear cut in my view. It would depend heavily on the circumstances.
Edited by oriole
11/21/2020 5:31 pm
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Valued Member
Canada
402 Posts |
Just my opinion being offered up here....its not a question of honesty vs dishonesty. Its like rights...we may have rights but that doesn't mean we have to enforce all of our rights, nor to their fullest extent .
Westernsky I think describes the morality {and "rightness"} most of us would feel is how we would like to think we would demonstrate
The dealer deserves our respect
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Pillar of the Community
United States
2156 Posts |
Great story. Nice to see some good in the world once in a while.
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Pillar of the Community
United States
4135 Posts |
There are still some good people out there just like the ones who help all of us here on this forum
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Pillar of the Community
United States
584 Posts |
 does almost make you feel human kindness is not lost love it. |
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Replies: 21 / Views: 3,389 |
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Posted 11/20/2020 10:45 am
