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A Warning About This 1946 Dollar

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Pillar of the Community
Alexer's Avatar
Canada
2632 Posts
 Posted 01/15/2016  11:16 am  Show Profile   Bookmark this reply Add Alexer to your friends list Get a Link to this Reply
Its just one of those coins that will continue to circulate amongst people who buy the holder not the coin.

I traded with Dollarman a couple years ago, I felt obligated to send him an additional coin (which I did) because he was overly fair with me, in my opinion.





Pillar of the Community
Canada
5324 Posts
 Posted 01/15/2016  11:25 am  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Looks like he sold it to a full time dealer, he should know better.
Pillar of the Community
Canada
2845 Posts
 Posted 01/15/2016  11:40 am  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply
John yes that is an excellent point.

It's actually rather baffling that in Canada a seller is accountable for questionable ICCS grading, yet that grade heavily influences the price range of it's value. Seems to be it's an conflicting issue that's harmful to the hobby in general. It's not a good thing when the average collector who is not an grading expert can't rely on the opinion of paid professionals, particularly MS grades where the value really begins to swing upward.

Another aspect - that of tracking and selling values. Using this 1946 MS62 as an example, it's low selling price is tracked as it gets tossed from buyer to buyer. Each time it's record is included in selling price stats (ie Trend/EBay) that negatively impacts the value of every other 1946 MS62. There's something very wrong with that and I can't help but wonder the degree of substandard grading impact to coin values in general.
Pillar of the Community
techwriter's Avatar
United States
1285 Posts
 Posted 01/15/2016  11:59 am  Show Profile   Bookmark this reply Add techwriter to your friends list Get a Link to this Reply
dollarman wrote:

Quote:
i would never do that to this forum's members and I have never sold a problem coin knowingly to someone with out disclosing it...at that time that I sold the coin I really needed the money, I was almost broke because of the coin. $120 is a lot of money for a 15 year old

i thought I would try and help but I see that I have hurt some people and many see me as a "bad guy" in our hobby...i am sorry and I hope to regain my reputation, I am a nice guy


Okay, I'm going to tone down my disappointment because I have "been there" and know the helplessness one feels. However, dollarman character is forged in the fire of adversity; self-respect is essential as you grow and mature into adulthood. Always remember that your word counts for everything. With all that said I'm more than willing that we move on. Fair enough?
Pillar of the Community
Canada
1223 Posts
 Posted 01/15/2016  12:25 pm  Show Profile   Bookmark this reply Add Hounddog Bill to your friends list Get a Link to this Reply
I read all this and can't believe the sanctimonious crap in some post.
I've seen many coins that have been graded on this site as been cleaned and later see the same coins on ebay for sale with no mentioning of known cleaning.
I've never gone to a coin show and had a dealer tell me I shouldn't buy this coin or that coin because he thinks it's cleaned or improperly graded.
Put yourself at a coin show looking at this coin and some 16 year old looks over your shoulder and tells you he thinks the coin is cleaned. I'm sure most would just ignore the advice anyway....after all you've been collecting for 40 years and see no problem and ICCS see no problem... get out of here kid.
Dollarman is a excellent student of numismatics and is very knowledgeable at a very young age. I know I respect his comments and contribution to this forum and I see no wrong done here at all.
When you do buy a coin that you don't like you sell it to someone that does like it, this is the way it's always been and the way it always will be.
It seems like a considerate gesture has been turned into something evil.

Cheers, Bill


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SPP-Ottawa's Avatar
Canada
10458 Posts
 Posted 01/15/2016  12:36 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply

Quote:
Question is did you alert the new buyer of the defect before selling it? If not then shame on you.



Quote:
So you stuck someone else with a damaged coin without disclosing it and now want to make sure they can't get their money back out of it? Not terribly sporting of you.




You know, I have been watching this thread since its beginning... the real issue here is ICCS assigning a grade to a problem coin, or "net grading" it. This whole thread should have ended with Pokermandude's excellent post on page one.

Your scorning comments are addressed to a young numismatist (whom I have met and dealt with) selling a coin to a dealer. I have NEVER, at ANY show, have a dealer disclose issues with me when viewing coins with potential problems (especially when ICCS has graded it without issue). Usually, they want to debate with me, and state that, "Nothing is wrong with the coin, and the ICCS holder proves it." In this hobby, it is the responsibility of the buyer to scrutinize the coin (and not the holder). That is why we stress so much about learning how to examine coins that have been tampered with, and learning out to grade yourself. I have sold problem coins both raw (labelled as having problems) as well as NGC and PCGS "details" holders at deep discounts out of my "Junk Bin", only to see the same coins reappear comment-free in ICCS holders at a future dealers table... do you really think the seller/dealer in those cases cares about being "sporting"?

This young man is a exemplary collector, and brought the attention of a problem coin, otherwise not labelled, to other collectors, who may purchase ICCS coins sight unseen. Nothing more. Take your witch hunt elsewhere.

"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

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