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 Replies: 43 / Views: 6,024 |
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Valued Member
Canada
148 Posts |
In a small antiques store with just a few coins, I found a very hard to find key date, I don't think he knows coins. My first reaction was grab it and run. Nice guy. Not sure I would feel right not telling him, but I guess that's what cherrypicking is all about. What are your opinions and what would be protocol. I'm sure there are various opinions on this. The coin in question is a 1913 dime broad leaves.
Edited by priorpence
02/17/2016 1:06 pm
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Pillar of the Community
Canada
2632 Posts |
Is it a fake?
Purchase the coin, take clear pics of it and post them here.
If its a $500 coin then you can do what ever you feel is rightfully fair.
Worst case your out $16 but on the flip side if its a fake you can contribute it to Nickelsguy for examination and further the learning curve on fakes.
Usually if its to good to be true...
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Pillar of the Community
 United States
5828 Posts |
 buy it and see what happens! |
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Bedrock of the Community
Canada
10743 Posts |
Yes, I agree purchase the coin post pictures of it and we will see if it's real or not then you can tell your friend about the value.
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Pillar of the Community
Canada
5324 Posts |
I hate to say this but if you don't really know the dealer just pay the asking price he or she probably paid very little for it.
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Pillar of the Community
Canada
1463 Posts |
Morally it is a tough one. I'd feel bad if it was an elderly person. Though I suppose, Ignorance is bliss, but once it's posted in a public forum and you have stated your intentions, it becomes a grey area ethically, maybe. I guess this is the darker side of the coin hobby. Best to keep these things to oneself maybe, and a hypothetical maybe the best way to present a question for the public. I mean no offence, just brings forth different feelings, and I do understand the predicament.
Edited by Alan
02/17/2016 2:14 pm
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Pillar of the Community
Canada
2845 Posts |
Well said Alan. On the topic of ethics and honesty, it works both ways.....priorpense, put yourself in the shoes of the antique store owner and do what you think is right.
Interestingly, it's habit to smear a seller who takes advantage of their customers but the other way around?....seems we hunan's often live by somewhat of a double standard.
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Pillar of the Community
Canada
2632 Posts |
Or you can just ask the guy 'why are you selling a $500 coin for $15.95' if that makes things easier.
I know I would have ask him that myself...but that's just me. As mentioned sometimes these things are best kept to yourself.
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Pillar of the Community
United States
6370 Posts |
This is called cherrypicking and is considered morally OK by the numismatic community.
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Pillar of the Community
United States
2824 Posts |
he knows what he paid and to him it worth 15.. you do that he is happy .. I told someone once about year ago and still now they over priced every coin making the place worthless to even go in and look. And looks like he has no sold many since.
Edited by OcalaFlorida
02/17/2016 3:09 pm
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Pillar of the Community
Canada
2495 Posts |
I'd say 90% of collectors do this or dream of doing this.
It's what fuels a large part of this hobby.
Let's be honest with ourselves.
I've done it many times.
On the other hand, I've sat at Bob Armstrong's table once and told him he had a dime mis-identified and it was worth about $500 more than what he was selling it for.
I couldn't 'cherrypick' him on that because he was so good to me for so many years.
But there's a handful of dealers that I couldn't wait to cherrypick from because I know they would give it right back to me if they could.
I guess it depends on how you feel that particular day.
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Pillar of the Community
Canada
5324 Posts |
Exactly, if you know the dealer it's different, they would not price 16.00 if they paid a lot for it.
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Pillar of the Community
Canada
2632 Posts |
Don't get me wrong I'm all for cherry picken, but I think its up to the individual as each situation is different. Priorpence stated.. Quote:
Nice guy. Not sure I would feel right not telling him kinda like what Doubleeagle stated Quote:
I couldn't 'cherrypick' him on that because he was so good to me I still say buy it and post it here. |
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Pillar of the Community
Canada
2845 Posts |
Quote:
Exactly, if you know the dealer it's different, they would not price 16.00 if they paid a lot for it.
Little antique stores, especially in low traffic areas where they're often located, cannot be compared to a typical coin dealer. Have you never been in one? Often there's so little money in it that most consider it more of a hobby than a business. |
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Pillar of the Community
Canada
1463 Posts |
Wildflower said "Interestingly, it's habit to smear a seller who takes advantage of their customers but the other way around?....seems we hunan's often live by somewhat of a double standard."
Rightfully or wrongfully there is little sympathy in society for the capitalist. On the other hand, the consumer should get a correctly represented product. Without this, our capitalist system doesn't work and the consumer becomes afraid to consume and that's not good for anyone.
Now, the coin and antique business can turn what I've mentioned above on its head, because for the most part, buyers are sellers, and sellers are buyers, and it seems both parties feel that they're pulling the wool over the other's eyes, oddly.
My best advice is, keep these things to yourself, and you will only face reckoning from within. Don't turn to a public forum to validate what you think deep down inside is wrong, because you'll likely end up feeling more confused than before.
Edited by Alan
02/17/2016 3:49 pm
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Pillar of the Community
Canada
5585 Posts |
I've told many dealers at shows that they have stuff mismarked and show them the true retail price and that they should change the holder. If I buy a coin and then later find out that it is a scarcer variety, I'll flip him a nice little bonus and tell him thanks.... it really helps when you return at later shows since they remember. I did that, also, to Bob Armstrong at a show and he peeled off $50 and told me thanks.
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Replies: 43 / Views: 6,024 |
Posted 02/17/2016 1:15 pm
