Anyone Ever Had A Coin Dealer Take Advantage Of You.

It's sad that these folks are out there. It's almost as though they are waiting to dump their lousy coins on the first sucker that comes along that doesn't seem to know much. I feel like in my case it was not a total loss as I got a beautiful "so-called dollar", I just think I paid way too much for it.
Please don't get me wrong if you are an honest dealer. It takes all kinds and I guess it takes years sometimes to judge character and get it right.
Bummer on the coin.

Here's my so called dollar.

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if you want to see some very good con guy's go to ebay and out of the first 10 sellers you look at maybe 1 will be a good honest guy. if you buy from ebay know the guy your dealing with or at least know the coin your looking at.JMHO
Gary

I once decided to test out how much a dealer would pay for a palladium coin that I had. 1/4 oz of palladium. At that time, bullion value was probably about 200USD and he offered just 10USD. Ya right, what can I do with 10 dollars. If I ever sell it on the net, it's at least 200USD. I wouldn't want to imagine how much he takes advantage of older people that he talks with.

I had to liquidate my collection in the late 60's; guess I had "desperate" written all over me as every dealer I went to offered me way less than what I knew would provide a decent profit to the dealer.

I particulary resent dealers who start belittling your coins to establish a lower value...I remember my proof Liberty Head nickels being called "well struck BU's" and so on and so on....(accompanied with groans from the dealer as he finds a bag scratch on a Morgan BU.

As for ebay, I have been happy with every purchase except one but am getting to where I would rather buy the coin across the counter so I can see it in person, and that from a dealer I trust.

Actually, I think there are many, many scammers on ebay. I just know how to buy from the right guys. Well, usually.

Many times, but usually it's my own fault. Do not pay more than cull price for culls, no matter how good the date! And do not buy shiny coins, unless they are supposed to be shiny!

The worst I can remember was a dealer in walkers on ebay, whose listings I have not seen lately. His prices were fair for the coin grade, only his grades were sometimes 2 steps higher than they should have been. I didn't ever buy anything from him, but did send an e-mail complaining in hopes of some price consideration (some of the coins looked pretty good). His response was that grading standards for walkers had been considerably relaxed over the past few years, and that his grading was fair. Maybe all other dealers except for him were senile, and were giving away VF's at VG prices? I don't think so.

echizento,
I grew up in a relatively small town in the Bay Area. We used to have a pool hall where the kids would hang out after school and play pinball. The quarters would get burnt up out of our pockets pretty fast. The owner collected coins and had a
glass case with coins he was selling at the time.
He discouraged me from collecting when I was a kid because I went to sell some coins to him and he way low-balled me. I figured it was just natural to do this. What did I know? I was just a kid. My brother had inherited a very large set of ancient romans worth considerable $ from my grandfather. I found them one day in the bottom of a file drawer and showed them to an idiot neighbor kid who was around 7 and was an on and off friend of my sisters. Well, like the other post on here, they disappeared and my brother was not too happy I had shown them to this kid named Eric. My suspicisions are that the pool hall dealer gave Eric a couple of bucks for them and he blew it on pinball. I still think he ended up with them, but there was never any proof as to where they ended up. Bummer.