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1969-S Doubled Die Penny Sold To Honest Dealer For 5 Cents Expected To Realize $40,000 At Auction

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Pillar of the Community
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United States
5634 Posts
 Posted 11/21/2020  2:37 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
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
Pillar of the Community
Canada
3828 Posts
 Posted 11/21/2020  3:07 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
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
Valued Member
Canada
197 Posts
 Posted 11/21/2020  8:43 pm  Show Profile   Bookmark this reply Add cdngmt to your friends list Get a Link to this Reply
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
Pillar of the Community
United States
1656 Posts
 Posted 11/21/2020  9:00 pm  Show Profile   Bookmark this reply Add QuarterHoarder72 to your friends list Get a Link to this Reply
Great story. Nice to see some good in the world once in a while.
Cherrypicker/Error Collector
Best Coins:
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http://goccf.com/t/376888
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http://goccf.com/t/376595
New Member
United States
16 Posts
 Posted 11/24/2020  2:00 pm  Show Profile   Bookmark this reply Add oddguy to your friends list Get a Link to this Reply
There are still some good people out there just like the ones who help all of us here on this forum
Valued Member
United States
336 Posts
 Posted 11/24/2020  5:24 pm  Show Profile   Bookmark this reply Add Eyez to your friends list Get a Link to this Reply
does almost make you feel human kindness is not lost love it.
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