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The Biggest Whopper A Coin Dealer Ever Made?

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silverwolf's Avatar
Canada
3733 Posts
 Posted 12/19/2020  7:52 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
You did the right thing,, keep in mind all major seller's video tape all packaging, so it would only be a matter of time, until they back tracked and found there mistake..
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nss-52's Avatar
United States
54282 Posts
 Posted 12/19/2020  8:00 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
In my mind, you had no choices. There was what you did and nothing else.
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Collects82's Avatar
United States
1316 Posts
 Posted 12/19/2020  8:15 pm  Show Profile   Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
Just another voice adding that you very much did the right thing. Never any regrets in doing that.

It's honesty like this that's kept me in this hobby longer than some others. I know there are screwballs looking to take advantage, but I keep meeting kind and honest souls at most turns which makes this hobby ultimately rewarding.
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United States
1590 Posts
 Posted 12/19/2020  8:17 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
You did the right thing. However I want to clarify a comment someone else made.

The law would never have been involved. Recieving a free "gift" in the mail is not illegal. Also darn hard to prove!

Again, I think you did the right thing but there was never any chance of you going to jail.
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United States
1590 Posts
 Posted 12/19/2020  8:24 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
The biggest whopper I ever was involved with was when a Bay Area dealer sent me his counterfiet coins.

I have a standing account with him and every so often he sends me his counterfiets. I use them for educational purposes. I put them on display and teach my customers how to keep themselves safe.

In a batch he sent me were two coins that stood out. One was a Trade dollar and the second a double eagle. I looked and looked at those two to figure out their "tells"; and just could not do it. When I weighed them both of them were exactly within tolearance. When I put them on the Machine both came back as what they were purported to be 90 percent silver or gold.

So I called the other dealer up and told him that I gave up, I couldn't figure out what was wrong with those two. I showed him the two coins and his face tightens up and he very politely ask me to send those two back.....

He never said, but his wife was beside her self in laughter. She never said what happened but since then all my counterfiets come shipped free....
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jbuck's Avatar
United States
188481 Posts
 Posted 12/20/2020  01:44 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
After wrestling with my moral values a little, I decided to do the right thing and wrote to them, thanked them for the coin I did order and paid for, and told them I had also received the above described coin that I never ordered or paid for...
Well done, sir. Well done.
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westcoin's Avatar
United States
9792 Posts
 Posted 12/20/2020  1:26 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Don't know if this one really counts as a whopper, it's more of an oops. Was with Q. David Bowers in Colorado Springs at the Coin Show during my first ANA Summer Seminar, he took a few of us YN's over to the local coin show that was going on, we saw a dealer there taking a High Relief Saint out of a stapled flip and it scratched it as it came out, - not the worst part... It then flipped end over end onto the concrete floor, causing a large rim dent. That was at least a five figure "oops" at the time (early 80's). Thankfully none of us had any involvement, but Dave went on to do some basic coin handling procedures once we were back in the classroom the next day.

Things like:

Never talk over a coin droplets of saliva can find their way onto the surface and turn into carbon spots later.

Always have a soft towel or jewelers tray/pad underneath you when looking at coins in case of a fumble.

Other basics like handling only by the edge, how to safely remove coins from a holder with staples in it. Not to use staples if at all possible anywhere near a higher end coin.

Pay attention and don't get distracted when handling coins.

Basic common stuff really.

Hearing that Saint hit the concrete is a sound I won't ever forget.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

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Edited by westcoin
12/20/2020 1:28 pm
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4504's Avatar
United States
379 Posts
 Posted 12/20/2020  6:14 pm  Show Profile   Bookmark this reply Add 4504 to your friends list Get a Link to this Reply
Thanks again folks. Along the lines of what an earlier poster mentioned was the handling of coins... putting their thumbprints on them, dropping them on the floor, or in some way messing up the coin. What REALLY irks me is when the experts at the COIN SHOP itself do it! I have a long-time coin shop buddy at the biggest coin dealer in my area. I had a valuable gold proof coin to be sent off for grading. To my (masked) horror, he was handling it with his fingers and thumb on its surface. I quietly murmured to him "fingerprints, fingerprints". Note that this guy, the nicest guy in the shop, was doing this and he had been there for years.

In a somewhat-related but different situation, when I had my big bad boat at the boatyard, you would not believe the indifference and sheer incompetence I saw. The worst guy there was either a crankster or glue-sniffer, he was bringing in my huge generator on a forklift into a shop that had a sharp incline at the entrance. a blind man could see that he was going in too low, the forks would hit the dirt incline. I held my voice, thinking that at the last second he would raise the forks. nope. of course he hit the hill with the forks, my generator went forward with the momentum and smacked onto the ground. I don't know, maybe he was a relative of the owner or something. At a previous boatyard, where I had a little more pull, I fired several employees (thru the owner tho) because of the unbelievable stupidity and incompetence of some of the employees, altho a few were really outstanding. the attitude was "it's not my boat". this was in a boatyard I spent over 50k in. Sorry to go off topic, but relating to coins, if you handle it with your thumbs or fingers on the surface, and not on the edge like you should do, or drop it on the floor instead of handling it over a towel or something, or do something equally or even more stupidly, well, it just galls me to no end. One thing that I have learned that many so-called "experts", whether in private or public entities, are just plain incompetent or unknowing. And I trust very few especially those in the government, especially the "experts"... and have enough reasons to.

Case in point, I wanted to set up a trust fund for my son, who has m.s. I was told by everyone there at my retirement workplace, who specializes in such things as retiring, INCLUDING THE MANAGER, told me that my salary, once I was, uh, "gone", could NOT be transferred to a trust fund, only to a person listed as my beneficiary. This was backed up by the retirement people I had gone on the phone with at the main retirement office. So, ON MY OWN, I got on the internet and searched and searched and found out that ALL of them were wrong! I even found the specific California law number for this change, which had been in effect for 2 years, in that the money could be made out to a trust fund.... after hearing from many that there was no way josie. So, it was done. My heart went out to the dozens if not hundreds of parents who had tried to do the same thing but accepted the wrong counsels.


How many beneficiary kids with disabilities got screwed out of potentially hundreds of thousands of dollars (my son is on disability and cannot have big assets to keep his medical going, and he did work hard until he had his 1st m.s. stroke). For most, it means the entire loss of their inheritance if they had one and they had to refuse any inheritance if they wanted to keep their medical benefits. Not to mention that I had already spent some $400 a month for almost 20 years for this beneficiary plan which would have also gone out the door and could not be stopped until I died because my retirement plan could not be changed... it was set in stone. How many were denied this because of the same "experts" I dealt with? How many kids were denied the future they deserved, how many parents lost many 10's of thousands they were paying for the plan? I tried to get a class-action suit going to notify retirees of this who had special-needs kids and a trust fund for them once the parents were dead, but was unable to find an attorney who would take it on.

My main point is this... whether it is coins, money, retirement choices, boatyards, etc., that, without any doubt, that YOU ARE ON YOUR OWN AND IT IS ULTIMATELY UP TO YOU TO TAKE CARE OF IT. now, if this means to ask the coin shop person to "please handle this coin only on the edge" and they are insulted by this, THEN LET THEM BE INSULTED. better that than to just stand by and HOPE that the person knows what they are doing, 90% of them do, it's just that I have a life-long history of dealing with nothing but the hopelessly incompetent remaining 10%. I have accepted this as part of my life, and always remain quiet and calm. I guess it also just goes down to the old adage, that "if you want something done right... do it yourself"... if you can that is.

Again, thanks for the comments guys... mike
Edited by 4504
12/20/2020 7:02 pm
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ijn1944's Avatar
United States
19155 Posts
 Posted 12/20/2020  7:13 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
While not the same scale $$-wise, several years ago I won an auction for a 1909 P wheat cent--perhaps an MS62+. Nice coin at a very good price. I received an ~AU58 1931 S cent instead. Got with the seller and straightened things out.
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westernsky's Avatar
United States
7620 Posts
 Posted 12/20/2020  9:53 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
4504 Mike....

There is no shortage of incompetence in the world. We get bombarded by it from all directions every day! We just have to rely on ourselves to filter everything out!
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United States
20753 Posts
 Posted 12/21/2020  10:19 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Yes sending it back was right. Sure would have been nice if you got a reward of some kind.
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okiepb's Avatar
United States
1213 Posts
 Posted 12/21/2020  10:31 am  Show Profile   Bookmark this reply Add okiepb to your friends list Get a Link to this Reply
I'll add my voice to the others - you absolutely did the right thing.
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jbuck's Avatar
United States
188481 Posts
 Posted 12/21/2020  11:27 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Hearing that Saint hit the concrete is a sound I won't ever forget.
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Ballyhoo's Avatar
United States
1613 Posts
 Posted 12/21/2020  1:01 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
I predict great things coming your way.
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There are no problems only solutions - the late, great John Lennon
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Conder101's Avatar
United States
17884 Posts
 Posted 12/22/2020  01:12 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I'm surprised no one brought up the tale of the dealer who accidentally threw out a Stella and it got sent to the dump.
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