| Author |
 Replies: 12 / Views: 3,189 |
|
|
Pillar of the Community
Australia
1006 Posts |
Hey everyone Over the past few weeks I have become increasingly disturbed over what some bad dealers are doing within the industry. Primarily with some dealers lying about the state of the coins whether they have been cleaned or tampered with, upgrading coins in their stock buying them as VF then selling them as EF, deliberately lying to customers about TPG's and spreading false rumors about them and even more disturbingly lately the revelations that some dealers may be perennially under insuring customer coins for example coins insured for $15 when they were agreed to be valued in the $1000+ range and some dealers potentially forging customer signatures on contracts. Now in my opinion I think that it has gone way to far but we all know ANDA does almost nothing in policing it and the thing is these bad dealers are getting away with it. (if you want proof of this you can refer to this old topic and find badpenny's post in the following thread all of it 100% true) https://goccf.com/t/155870I mean there are absolutely amazing dealers out there such as Eric with Drake Sterling, Walter with Numisbid and Tony Bryne with A.Bryne coins and many others who are shining lights to the hobby in all areas including trustworthiness and ethics but other dealers doing some of the things listed above are putting the hobby back years hurting not only the number of collectors engaging with the hobby but also bordering on illegality if not crossing it at times. So what is everyone's opinions on this? Have bad dealers gone to far? Edited by oh my florin
11/21/2013 03:35 am
|
|
|
|
Valued Member
Australia
251 Posts |
I agree Eric is very trustworthy and helpful he has pointed me in the right direction  |
|
Pillar of the Community
872 Posts |
Honestly, this is nothing new. It happened when I was growing up through the 1970's and its still happening now. Most people are different, most have different tolerance levels of acceptance. Some don't even know the difference and will accept a dealer word for what they are selling. Some people will complain about the smallest detail, and others truly have a good valid point about dealers that try to cut corners, or the ethics associated with it. It is hard to create and maintain any type of reputation site about dealers because everyone has a different view, experience and perception. Go with the best and don't mess with the rest ! I say ask people in the local area about the person's reputation. See if they sell on ebay and look at their reputation and get a general feel of what a person is like. I typically will pay more to a dealer that is honest, up front and has what I need. It saves going back/sending back the merchandise and losing more money. Edited by Collector-Corner
11/21/2013 09:15 am
|
|
Pillar of the Community
United States
2543 Posts |
 This nothing that hasn't been going on for decades. You hate to say, " it is just business " , because acquiring a coin is sometimes a life long love affair, but the same thing happens in all other businesses. Who buys a car without doin research, how many dishonest car dealers are there out there. That is why the overall theme to this site is, EDUCATE yourself. Bad dealers will always be around. Learn how to grade your own coins, learn how to understand the signs of cleaned or dipped coins. And if you are going to collect a series, learn the markers of a counterfeit. Education is the way to battle bad dealers. |
|
Forum Dad
 United States
24150 Posts |
Eric used to hang out and advertise here...
|
|
Pillar of the Community
Australia
4411 Posts |
I have not been collecting all that long and its been my impression all along that its been that way. As you point out there are some very good dealers and there are some very very bad ones. Its the way it goes. Youve learnt which ones to avoid like the plague as have a lot of people. I suggest ignoring the bad ones, dont even look at their stock, it will only infuriate you over something which you and I have absolutely no power to change.
|
|
Valued Member
Australia
222 Posts |
I'm still here!
Look, there are some really fair dinkum, honest dealers out there. Some are ANDA members, others are not. Some of the old guard (Barry Sparkes, Tony Byrne, Bob Jaggard, et al) encouraged me to enter the business as a young person in the 1990s, and were most helpful at the time. Dealers like this still exist. Don't give up.
As for the rotten apples: Like all industries and markets, you just have to remain vigilant and keep an eye out for the less honourable amongst us.
|
|
Forum Dad
United States
24150 Posts |
Sorry Eric, I see you do pop in fairly regularly.
|
|
Pillar of the Community
Australia
852 Posts |
Eric I believe that you have a senior position in ANDA Why don't the more ethical members of ANDA make it a requirement that ANDA members MUST detail in auction catalogues if a coin is dipped or has TPG bodybagging issues (or have a disclaimer in the T and C that the cataloger does not disclose those issues), that will weed out the industry |
|
Valued Member
Australia
251 Posts |
Hi Eric I spoke to you the other day, thanks again for your help and phone number.
|
|
Pillar of the Community
 Australia
1006 Posts |
Hi Eric I would still like to thank you on guiding me towards PCGS last time it has helped me build a better collection honestly thanks
|
|
Valued Member
Australia
222 Posts |
|
|
Valued Member
Australia
222 Posts |
Hi Neal, regarding your question about why the auction houses don't mention body-baggable issues or dipping and so on is, to be frank, they probably don't know what a bodybagable issue is. A lot of dealers who trade "raw" or "wild" coins are simply not as discerning as PCGS dealers need to be. There are a number of reasons for this, most important of all being that many raw coin collectors are not as discerning or don't mind a bit of cleaning or a light dip on their coins.
My view is that over time, as collectors do become more particular about what they want in a coin (PCGS is helping this process along), the dealers will become particular as well. They will have to be if they want to sell coins.
Eric
|
| |
Replies: 12 / Views: 3,189 |
|
Posted 11/21/2013 09:13 am
