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Replies: 24 / Views: 3,515 |
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Pillar of the Community
Philippines
1156 Posts |
I once bought an 1851 US one Dollar, Indian head, Unknowingly a "replica" but the understanding was that it's genuine. I brought it back only to discuss and not return or refund, because I find that very good "fakes" are as fascinating to analyze and look at, as are real coins. Today we are in very good terms, I get great discounts and first offers on genuine hard to find coins. All because of that particular "indian" coin, cost of which, now fully recovered.
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Pillar of the Community
United States
1353 Posts |
The coin dealer has been good to you.....just forget it!
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Moderator
 United States
188770 Posts |
Education is a lifelong endeavour. I would think that if you two have a great business relationship, he would enjoy the chance to learn something he may not already know.
If you chose to do so, make sure he is aware that this is for educational purposes and that you do not blame him or have any ill feelings about it. If he offers to buy it back, refuse and tell him $15 is nothing compared to the shared experience.
Regardless of these opinions, you should go with your gut feeling. Ask yourself what kind of relationship you have and whether or not it "can handle the truth" as it were.
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Pillar of the Community
United States
6385 Posts |
I agree with the consensus, which (I think!) is to discuss the coin with your dealer and review the features that identify it as counterfeit. Do not ask for or accept a refund and treat it as a mutual opportunity for education. There are collectors who like counterfeits. If you don't want to keep the coin, I see nothing wrong with offering it for sale as long as you make it clear that it is a fake. Thanks for sharing; it's a worthwhile topic for discussion! 
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Valued Member
United States
70 Posts |
Go back to the dealer, discuss the issue with him, but like other have said do not ask for a refund
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Bedrock of the Community
United States
20753 Posts |
Quote:
I agree with what tepritts said . John1
If we are voting on this, add my vote here.
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Valued Member
United States
53 Posts |
Having four sons, there's one thing that I believe in. Choose your battles. If you have had a long term relationship and trust him, then $15 may seem petty. Returning the coin may not affect your relationship, but, it may affect future deals or discounts. At the right time, I would mention it but not say anything about returning it.
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Valued Member
United States
436 Posts |
Like the others said, I would not ask for a refund, but would let the dealer know, as he may still be doing business with whomever originally sold him the fake, and he may need to investigate whether or not that person passed it to him knowingly or not, and if it's still going on. Whatever you decide, do not jeopardize the relationship with what seems like a stellar dealer! 
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Rest in Peace
United States
2668 Posts |
Share the experience with your dealer, then tell him you think it's worth $20 to you. 
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Replies: 24 / Views: 3,515 |