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 Replies: 52 / Views: 5,159 |
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Pillar of the Community
United States
4233 Posts |
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A refund is not an option I guess it's good for you to know that your neighbor is a scammer. Tough lesson but it's happened to a lot of us. |
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Forum Dad
 United States
24169 Posts |
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Going to be honest, you should just try to get your money back from your neighbor. There is nothing wrong with asking for a refund due to the coin being a very bad Chinese counterfeit. Since they are your neighbor, a refund is certainly an option. Get that money back, you don't need to lose it to learn a lesson! Especially since the odds are, he knew it. If he took it to a dealer, he was almost surely told. |
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Valued Member
 United States
100 Posts |
I think my neighbor knew as well. He's not a close neighbor, and I don't know him well, I just got over zealous. Honestly, in the big scheme of things, this is minor compared to some of the stupid decisions I've made in my life. We won't go there. LOL. With age comes experience and the best definition of experience I've ever heard is "it's enables you too recognize the mistake when you make it a second time" Life goes on.
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Pillar of the Community
United States
4233 Posts |
One further option then is to threaten to take him to small claims court. You haven't said how much he ripped you off for, but it has to be well into hundreds. Scammers keep scamming unless someone provides them with consequences. I'd also be wary having a neighbor like that who knows that you collect coins.
In the end, please do the community a favor and cut that thing in half and throw it in the garbage.
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Pillar of the Community
United States
4416 Posts |
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In the end, please do the community a favor and cut that thing in half and throw it in the garbage. Personally, I'd not recommend doing this. Over many years now, I "built" a black cabinet of fake and altered coins, tokens, etc. I've long used them at club meetings, shows and elsewhere to educate other collectors. I've also penned numerous articles about them, publi.shed in a number of club newsletters. Collectors and dealers much need to study and learn to recognize these bad items .... Just my take.  |
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Moderator
United States
96842 Posts |
Well I'm not going to pile on here, I'm just going to say that I'm sorry that this has happened and disturbed that a neighbor could do such a thing.
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Pillar of the Community
Canada
5396 Posts |
I will add , an obvious fake as noted .
You don't have to put up with a neighbour's Bull .
Go back knock on the door demand your money
Back . In my opinion he knowingly uttered a fake
Legal Tender US coin ( a USA silver Dollar )
This violates several laws in itself.
Next visit should be from your local Sherriff accompanied
by the Secret Service ,
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Valued Member
United States
100 Posts |
I appreciate all the support folks. To be honest I used the term "neighbor" losely I guess as the guy just lives near me. The irony in this is NOW that very coin is showing up for sale from TEMU on all my facebook pages and YouTube short ads. Two weeks too late. UGH. But a lot of those fake Morgan's are on there for sale for a 2.99 as well. Also Mercari as a lot of the fake stuff, so I'm learning, and it's because of this forum. I feel bad for how some of my response in the first part of this post, but I'm still relatively new here, and just didn't want to believe I had let myself be that stupid. But what's done is done. Time to move on. My guess is, that neighbor is homeless from the looks of his car and his belongings, and so I'm telling myself it was a charitable donation. I suspect I will hear from him again because he believes now that I'm a sucker. I met him at the Dollar General, not at his home.
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Moderator
United States
96842 Posts |
Well this is a good attitude to take after being taken like this, so now I suppose that this guy has lots of beer (or wild Turkey) to drink now.
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Pillar of the Community
Canada
5396 Posts |
I am beginning to feel that the biggest problem in our
hobby today is not the Chinese Counterfeits , nor the
CBP that refuses to enforce inspections on counterfeit
coins but rather it is the woeful lack of education and
due diligence on the part of buyers .
This post .a classic example
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Pillar of the Community
United States
4416 Posts |
@ Pacificoin - Your points are well taken. That said, who among us hasn't made a serious numismatic misstep like our OP? It's human nature to want to strike it rich, and at such times, impulses far too often result in temporary insanity. This phenomenon happens to educated folks, too.
I think it helps to have a strategy and a mindset when it comes to coins and all things financial. Was it Dave Bowers who once said, "Buy the book before the coin?" I'd add: attend shows, join coin organizations, network with other collectors, participate in forums, etc. BEFORE buying the coin, TOO. I'm talking expensive coins here, not all coins.
Edited by ExoGuy
07/29/2023 1:36 pm
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Pillar of the Community
United States
1101 Posts |
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who among us hasn't made a serious numismatic misstep like our OP? Very true. I bought a counterfeit 1799 bust dollar about 45 years ago from a reputable dealer for $ 530.00. I am very thankful that he refunded my money when an expert showed us the markers that ID'd it as counterfeit. We both got an education on that deal. |
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Pillar of the Community
Canada
5396 Posts |
Indeed it does happen to even those of us with years of experience .
The difference is that there are laughable Chinesecounterfeits like the the OP
coin and deadly counterfeits , such as the Lebanon US Gold fakes
imported back in the 1960s and 1970s.
At least when you got burned there you still had the value of the gold!
It truly amazes me after 45 years in business the amount of people
who get involved with coins , nilly Willy throwing thousands at coins
they know little about and wouldn't spend a nickel on a numismatic
Book or publication . They reap what they sow I guess !
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Pillar of the Community
United States
4416 Posts |
Consider that coins are but one of hundreds, if not thousands, of venues that folks are literally throwing money out the window. Stamps, gambling, modern-made antiques, sports cards, you name it. As do coins, all of these venues require serious study. One of my personal bugaboos is folks buying expensive electric vehicles; a HUGE waste of $$$, IMHO.
It's only natural that those of us with advanced knowledge of coin collecting get more easily frustrated by the mistakes of novices. Were I in our OP's place, I'd take legal recourse, yet I can appreciate his wanting to quickly move on with his life. Considering the gravity of his recent error, I highly applaud his honest sharing of insight and willingness to continue numismatic pursuits. Darn the torpedoes, full speed ahead! Love it!!
Edited by ExoGuy
07/29/2023 9:51 pm
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Pillar of the Community
United States
4233 Posts |
I think the reasons listed above are exasperated by the proliferation of "get rich from pocket change" type stuff that seems to be out there everywhere these days. It's nothing new - go back to Max Mehl in the early 1900s - but it currently preys on a wider audience. The proliferation of cheap counterfeits is happy to feed the trend.
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Replies: 52 / Views: 5,159 |
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Posted 07/27/2023 07:43 am
