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 Replies: 13 / Views: 1,319 |
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Pillar of the Community
United States
632 Posts |
My Father bought me a coin the other day, a 1995 Lincoln Cent DDO NGC MS67. A beautiful coin. He tells me the story..."I was looking at this guys coins at an outdoor market and we started talking. I told him I was looking for a special coin for my son. The guy gives me a look and steps in the back, dives into his briefcase and comes out with this coin". I imagine the guy cradling it like a new born. petting it and caressing it. Its glowing like the ark in the Indiana Jones movie. Trying to impress upon my Father how special this coin was. "I'll give you a great deal since its for a fellow coin collector" the man said. The same man who, when I showed him a nice 2 cent piece I picked up, made endless jokes about my Two Cents worth and his 2 cents worth and the guys who sold it to me's Two Cents worth, was so proud of his find, and proud that he could add to my collection... He paid $150.00 for it and it books for closer to, what, 85 or so. I took the coin, told him how much I appreciated it and thanked him to no end. Now I tell my Family to never buy me coins. I tell them the hunt for the coins is over half the fun. In truth, I love my Family and I hate to see the taken advantage of by lesser humans when they know they're dealing with someone who don't know what they're buying. I'm gonna find that dealer when I get back home. I'm gonna rag on his coins and him personally. I'm gonna cherry-pick that dude into retirement, And I'm gonna do it with my Father standing by my side. A. Edited by acidic1
05/15/2008 12:55 pm
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Moderator
 United States
6563 Posts |
I've also told my family to never buy me coins after my parents were in Israel and paid 10x the value of some Palestine coins I needed for my collection
pics?
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Pillar of the Community
United States
2443 Posts |
When you find him, see if it's possible to cherrypick the heck out of him and then see if he'll accept a return? I would doubt it but it never hurts to try.
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Valued Member
United States
90 Posts |
I think that its sweet that your father bought you such an extravagant (in my budget, at least) coin and tried to do something really nice for you. And really nice of you in exchange to not clue him in on the rather not-so-great deal but rather made him feel good about doing something nice for you. As for the over charging dealer, IMO its tough to say whether that was a completely unethical transaction. Yes, in a way it is unethical to charge double or triple a "normal" going price for something. And it really stinks. I've thought worse of someone doing something to my father for less than that. But in that condensed story, I don't see where that dealer lied to him, told him something was fact when it wasn't, or some other blatant attempt to make him think one thing when it was really the other. It was just yet another dealer taking advantage of a buyer who wasn't knowledgeable about what they were purchasing. Really cheap shot? Yeah. Unethical? I dunno. Over pricing happens everywhere, all day long. You go to one (insert product here like cars) dealer and you pay $5,000 more than another dealer. Then you take into account the nature of collectibles and you get an even grayer area on what things are worth. We make our voices heard by not choosing to shop at that particular establishment or by not recommending that dealer to anyone else, or warning others to know pricing before dealing with that person. Ragging on that dealers coins or him as a person IMO is just a continuation of negativity and other bad things. I say, if you even ever want to or have to deal with that guy again, bargain the heck out of him every deal possible to make up for the deal your father got. If he ever gives you a hard time, feel free to politely remind him of the time you got a 1995 Lincoln Cent DDO NGC MS67 as a gift, and how much it cost. If he doesn't lighten up, I'd hit the road. Some people love this kind of dealer haggling and relationship. If so, have at it. I personally occasionally like it, most times don't. Most times, I just add yet another mental note to which places of business I am boycotting until further notice. And give out recommendations to whom I have positive experiences with. I'm pretty sure within the next few months or years, you personally boycotting him and lack of recommending him to others will cost that dealer far more than he got out of your father. I think that is a fitting enough punishment without stooping down to his level. Best of luck. |
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Pillar of the Community
 United States
632 Posts |
Your right st3rling. Its was an outdoor market...I'll probably never see that guy, moved on to greener pastures I imagine. Still I'd like to smack'em with a sock full'a Barber halves. (AG to G of course). A. |
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Valued Member
United States
90 Posts |
Hehe, okay I'm with ya. Let's go Beserker mode on 'em. As long as I get to look through those halves afterwards.  |
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Pillar of the Community
United States
2049 Posts |
That is too bad. Your dad thought he was doing a great thing for you and got taken advantage of in the process. The old sayings of "buyer beware" and "what comes around, goes around" apply here. I think you handled it the right way with your dad by thanking him and also by telling your family the thrill of the hunt is fun for you so you would rather buy your own.
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Pillar of the Community
United States
632 Posts |
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Valued Member
United States
336 Posts |
just think in 5 years that guy lost a great coin that coin is still under price.remember the 72 DDO it was stuck at 100 for about 5 years then it started to go up now its a 600 in very high grade. |
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Pillar of the Community
United States
860 Posts |
I would buy NGC or PCGS MS67RD for $85 until I wore the postman out. The books are low, especially some of the magazines values. The average on ebay for such graded 67 is about $110-125, 68 is about 140-180 up about $20-30 since the first of the year. I have bought over 10 pcgs or NCG 67-68 since the first of the year. I feel it will be a $250 coin fairly soon. Toniblab's comments are very true , except I must have missed the '72s when they were at $100. I paid $200-249 each for my 67-68s in 1988. Your dad may have missed it by a little, but we dad's are sometimes like that  It is a very nice coin, and I hope in a few years, you wished he had bought a couple more for you back when they were only $150. I think they have a nice future as a relatively low priced DDO coin. Jim |
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Valued Member
United States
336 Posts |
that was back in the early 80's.100 to 125 for a real nice one.i had 2 of them back then.job loss made me sell them off even had the 1955 DDO in xf at the time it was only a 400 dollar coin and I had 2 complete sets of Peace dollars.had 5 1938 d halves.even had the chance to buy pattern coins of the Indian Head penny of 1858 different types of it. |
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Valued Member
United States
99 Posts |
have your family buy you coins directly from the mint... my family buys me proof sets / uncirc sets each year for christmas / holidays etc... its cheap and you wont get ripped off...
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Bedrock of the Community
United States
12437 Posts |
Quote:
have your family buy you coins directly from the mint  If they insist on buying coins for you, the least you can do to protect them is to direct them to the US Mint website or phone number. That is a sure way for them to not get ripped off by less than savory characters. Of course, they will only be able to get modern stuff but at least they will be able to purchase it at the lowest possible price  You can always direct your hints towards the silver, gold, and platinum items  Edited by biokemist6
05/16/2008 12:37 pm
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Pillar of the Community
United States
656 Posts |
For the longest time I kept thinking that said 1955, until I saw the pic. -64s |
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Replies: 13 / Views: 1,319 |
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Posted 05/15/2008 1:45 pm
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