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 Replies: 15 / Views: 1,974 |
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Valued Member
United States
94 Posts |
I had offered to trade a PCGS 1886 PF66CAM 3 cent nickel for 3 lincolns PCGS 64RB '11-s, PCGS 65RB '14, and PCGS 64BN '28-S. Offer has been accepted. Condsidering retracting the offer. Would this be a good deal to make on my part, or not?
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Pillar of the Community
United States
3233 Posts |
Retracting an offer is usually not a good thing unless there's some other strong mitigating circumstances outside of "second thoughts". With that said, I cannot comment on the deal specifically other than if you thought it was fair before, what's wrong with it now? Do you prefer to have three UNC Lincoln cents instead of a Proof 3CN?
On a personal note, I'd love to see the 1886 3CN. In fact, if I knew that such a coin was previously offered, it would be a potential upgrade to my PF65 I have. Any pictures?
Edited by Prethen
06/11/2010 3:23 pm
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Valued Member
 United States
94 Posts |
I have pics at home, but always have problems posting here due to size constraints.
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Valued Member
United States
94 Posts |
I am a big collector of lincolns, but love type coins. I guess my issue is that I am torn between the two. I am considering keeping the 3CN because it is different than my normal collecting habits, tough to find in date/condition, but yet I know how difficult it is to find good examples of the lincolns in question.
I understand it is not the right thing to do, which is why I am asking for opinions to convince myself (after the fact) that this would be a good trade (which I am now having difficulty with).
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Pillar of the Community
United States
2120 Posts |
IMO there is nothing wrong with changing your mind. regardless of the reason. It's your right as the owner to do what you wish with your coins.
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Pillar of the Community
United States
3233 Posts |
Of course anyone can change their mind. It's just bad form to do that, especially in the coin business. You can burn some bridges pretty quickly that way. Think about the dealer that accepts an offer, takes the item(s) out of his inventory, turns other customers away, and then loses the offer. Chances are, the dealer won't be too happy with you and you may not be able to do business with him any more.
The same thing actually goes with returning items (such as coins). Do it once or twice to the same dealer, he might be okay with it; more than that he will likely not want to send you anything any more. I know of a couple of dealers who don't like to do business with me because I ask too many questions and I'm too picky...because I don't want to return a coin.
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Rest in Peace
United States
4849 Posts |
 with Prethren. If both parties committed to the offer, then you should stick to it. Though the PCGS price guide is high, it accounts for all the grades listed, and the Lincoln's run about $100 less total than the 3cent via the guide. That is pretty close, and if the Lincoln cents are nice for the grade and have good eye appeal, then you're probably ok; though it's honestly impossible to say whether or not you got a good deal without pictures. In my opinion, it really boils down to which coins you want more. Edited by johnny54321
06/11/2010 4:58 pm
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Valued Member
United States
94 Posts |
I totally understand. I guess I needed to see some debate to help with the decision!
Prethen - If I can figure out how to reduce the pictures, I will upload pics of the 3CN.
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Pillar of the Community
United States
1534 Posts |
Try uploading the images to Photobucket and use the IMG link they give you and put it in your post. The images will come up regardless of size.
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Valued Member
United States
94 Posts |
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Pillar of the Community
United States
511 Posts |
That's a very nice 3CN. As for the Lincolns, eye appeal and a lack of spots will determine if the trade is fair.
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Pillar of the Community
United States
602 Posts |
A deal is a deal. But man that is a pretty coin. I see your dilemma. WOLF
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Pillar of the Community
United States
1934 Posts |
eagle; I dont have any "advice" about this and, curiously, I dont disagree with any of what's been said on either side of the argument about retracting an accepted offer.
Prethen alluded to something I think is important. What has changed your mind from your original motives to trade the coin? If it's fear or doubt, I dont think those are usually good motives for not moving forward as planned. I make far more mistakes and have more regrets based in "second guessing" than I make or have being genuine and/or sticking with this or that commitment.
You want those Lincolns? Get them.
As for the value of the trade...it seems like a fair to good trade for you.
Here's how I've heard commitment defined: following through on something after the spirit in which I said I'd do it has passed.
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Pillar of the Community
United States
968 Posts |
I think you should really go through with it at this point. If I was the other party in this deal and you had already said yes to it... then canceled the deal, I'd never trade with you again. I might not be mad at you, but I'd consider you untrustworthy and a waste of time in terms of doing a deal in the future.
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Valued Member
United States
94 Posts |
Kept the 3CN, redefined the coins involved in deal in cash offer.
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Pillar of the Community
United States
4415 Posts |
Assuming you've seen the Lincolns and there were no conditions attached to your agreement, honor the deal, I'd say. The other responders to your question raise valid points. Otherwise, give consideration to how much it would cost in dollars to purchase both sides of the trade. If the 1886 was simply a type coin, consider replacing it with another date in comparable condition. Few of us coin collectors/admirers can say that we don't occasionally miss a coin we once owned. This closing thought might make a nice thread!
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Replies: 15 / Views: 1,974 |
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Posted 06/11/2010 3:33 pm
