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Replies: 38 / Views: 6,312 |
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Pillar of the Community
United States
1375 Posts |
Quote: ...they arrange a time to visit your house. Although you've already done this, for anyone else who is contemplating it, I wouldn't recommend picking a random dealer from a list to visit your house and evaluate what you believe to be a valuable coin collection. IMHO you're much better off to take part of your collection to them for evaluation. Take a mix of no more than a couple of dozen coins with you (different dates, series, value, etc.). It lets you evaluate the dealer while they evaluate your coins, all without exposing the location of your collection. As far as wasting the dealers time goes, it seems to me the dealer didn't do his due dilligence either. Shouldn't he have asked a few questions to see what kind of collection he was being asked to evaluate and for what purpose before he made the trip? If he thought his time was wasted, then it sounds like there was not a mutual understanding of what he was being asked to do before he made the trip.
Edited by BadDog 08/26/2018 07:42 am
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New Member
 United States
6 Posts |
He said home visits were normal for him, since his customers are normally "older".
Also, value or not, how would any of you like someone to go into your collection and toss them around like ping pong balls as they smack the hardwood floor around you. I couldn't believe it, every coin that hit the ground my whole body cringed.
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Valued Member
United States
265 Posts |
I understand where you are coming from. I learned this early on in my collecting. I am more of a collector than an investor. As collectors we all have a personal attachment to our collections. I remember bring my coins to flea market, brick and mortar coin shops, coin shows thinking I had something really interesting and invested a lot of time in looking things up, checking on an error or variety etc, and quite frankly it was really nothing special to the potential buyer. We as collectors may have a few hundred coins, but these dealers see tens of thousands and more and rightly so, it is there business. They were not bad mouthing you or the collection they are putting in into perspective from their experience and knowledge. Now at the tender age of 55, I am still learning but a bit wiser. Education is the key. The more that see, read and study, the more it makes sense. I have learned a tremendous amount from going to coin shows especially the FUN show in Florida. I am Tampa based, where ICG is located. The ICG guys, Randy Campbell and Skip Fazzari are always there and at local coin shows. They will answer any question and quite approachable and tell you if you have nothing or if you have something. Getting yourself more educatd id the key
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New Member
United States
26 Posts |
Quote: Also, value or not, how would any of you like someone to go into your collection and toss them around like ping pong balls as they smack the hardwood floor around you. I couldn't believe it, every coin that hit the ground my whole body cringed. I would have shown him the door after he did that the very first time, he never would have had the chance to do it a second time. I don't care if the coin had any value beyond face or not. Unfortunately this is the really distasteful side of this hobby. It sucks. I wish that I had advice on a more satisfying recurse for you but I don't. I think the best you can do is take satisfaction in the fact the subject dealer will NEVER procure any of your business in the future again.
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Pillar of the Community
United States
8715 Posts |
Quote: Also, value or not, how would any of you like someone to go into your collection and toss them around like ping pong balls as they smack the hardwood floor around you. I couldn't believe it, every coin that hit the ground my whole body cringed. Don't give that dealer any business in the future. That is bad whether the coin is valuable or not.
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Pillar of the Community
United States
744 Posts |
Take it as a learning experience. At least put your coins in flips to protect them, never let anyone touch a raw coin of yours. Dealers are not hobbists, they are in buisness to make money. You will not make any money selling to dealers.
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Pillar of the Community
United States
1375 Posts |
Quote:
I would have shown him the door after he did that the very first time, he never would have had the chance to do it a second time.  and it has nothing to do with value. He should have just shown some respect for another person's property.
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Rest in Peace
10197 Posts |
Quote: Quote: Also, value or not, how would any of you like someone to go into your collection and toss them around like ping pong balls as they smack the hardwood floor around you. I couldn't believe it, every coin that hit the ground my whole body cringed. Of course not! ANYONE doing that to anything of my personal property is showing nothing but DISRESPECT, and should have been confronted and shown door the first ping of silver. Quote: and it has nothing to do with value. Quite right, it is a personal possession that to it's owner has an intrinsic value, whether a numerical or sentimental one is irrelevant. That goes for Dealers or helpful collectors, auctioneers or tax collectors...you come to my door, you will stay as long as you respect my person and property, if not, you will be asked kindly ONCE to leave and forcibly thereafter. Too many "OLD" people are prey, they don't want to offend anyone...Bullpuppies! It is what attitudes that people with little scruples will prey upon. Are there good folks who will offer in home service...of course, but like any other profession, it must be searched for, not the first in the phone book or TV ad. The OP's only "mistake" was not booting that jerk out immediately. He may now be trying again, but use this as a learning experience, ya gotta find the good ones! They are out there, it takes work to research any professional. Do you pick the first lawyer or accountant you talk to on initial consultation? I sure hope not!
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Pillar of the Community
United States
5833 Posts |
I remember years ago there was articles regarding precious metal dealers buying people collections in a hotel area, which they offer very low percentage to what actually its worth, perhaps they have changed their tunes and decide to pay people visit in their own property.
But I don't know what is the requirement to become a PCGS dealer? Anything can and do happens these days, or am I thinking way off?
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Bedrock of the Community
13014 Posts |
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Pillar of the Community
Canada
586 Posts |
I think Aabloto started this trend because he thought, when he contact a authorized PCGS dealer from the PCGS website, he was getting a PCGS rep. I believe the companies listed are just LCD (Local coin Dealer) in the area that you can go to a drop off you coins for submission and benefit from a mass submission discount, instead of doing it yourself and pay regular price. I feel this guy was unprofessional and only wanted to do his own business and not represent PCGS. I would contact PCGS and report the LCD and the experience that you had a bad experience with one of there registered LCD's. The LCD is feeding of there referrals and not focusing on the clients wants.
Best thing to do is go to a coin show where PCGS is present, this can be found on there website as well.
Good Luck
Edited by TheBurnz 08/31/2018 2:07 pm
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Pillar of the Community
United States
2917 Posts |
Quote:Quote:Quote:
Also, value or not, how would any of you like someone to go into your collection and toss them around like ping pong balls as they smack the hardwood floor around you. I couldn't believe it, every coin that hit the ground my whole body cringed.
Of course not! ANYONE doing that to anything of my personal property is showing nothing but DISRESPECT, and should have been confronted and shown door the first ping of silver. Quote:
and it has nothing to do with value.
Quite right, it is a personal possession that to it's owner has an intrinsic value, whether a numerical or sentimental one is irrelevant. That goes for Dealers or helpful collectors, auctioneers or tax collectors...you come to my door, you will stay as long as you respect my person and property, if not, you will be asked kindly ONCE to leave and forcibly thereafter. Too many "OLD" people are prey, they don't want to offend anyone...Bullpuppies! It is what attitudes that people with little scruples will prey upon. Are there good folks who will offer in home service...of course, but like any other profession, it must be searched for, not the first in the phone book or TV ad. The OP's only "mistake" was not booting that jerk out immediately. He may now be trying again, but use this as a learning experience, ya gotta find the good ones! They are out there, it takes work to research any professional. Do you pick the first lawyer or accountant you talk to on initial consultation? I sure hope not! Very well said, crazyb0! I agree with what you said here and how you explained it. The guy tossing the coins on the floor was a red light to me too. I didn't like how he admitted he "got lucky" sometimes either. If he's buying a big accumulation of coins, and searches them after been bought for an agreed upon price and finds something good, that's one thing, but if he's buying small groups of coins from little old ladies for example, and nabs something really good at melt, that's just plain unethical. Most of the dealers I've dealt with are ethical, but, unfortunately, there are some bad apples out there.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Valued Member
United States
114 Posts |
Unfortunate story. If I decide to sell a significant amount of my collection, I'll do the research myself beforehand. I wonder how this is going to change in the future with the advent of the internet, the younger collectors now will know where to go to search for coin values.
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Bedrock of the Community
13014 Posts |
Quote: I wonder how this is going to change in the future with the advent of the internet, the younger collectors now will know where to go to search for coin values. The internet already has completely changed collecting. Price adjustments happened as people were able to see how available a lot of things were and more and more collector to collector sales started happening. People were no longer at the whim of a local store or show and could find things all around the country at the click of a few buttons, information became much more available, Instagram/FB/Reddit/Social media have developed very active coin markets ect. At this point in all honesty the internet market is almost certainly bigger than the in person one
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Pillar of the Community
United States
1211 Posts |
Threads like this make me embarrassed to be in the hobby.
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Replies: 38 / Views: 6,312 |
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