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 Replies: 76 / Views: 7,736 |
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Pillar of the Community
United States
958 Posts |
A person I know just completed his LMW collection. Every year and mint mark. So his wife bought him a 55double die to finish the collection. Last coin for the major ones listed in the folder. She paid 400$ for it in XF . If it is a dd its not the big one. ( I didnt want to get into RMP,dd,variations with him ) I looked at it close and thought wow I cant barley see any doubling at all , looked closer and sure enough it looks like Machine DoublingI didnt know what to say to him. He mentioned that it was real and alot of counterfit 55d cents exist. i just told him it was nice and he is finally done with his book after 30 yrs of collecting on a budget. What would you do ? let it slide or point it out to him , maybe she can get her money back. Its in a plactic coin holder with 55 d-die printed in paper onthe inside |
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Pillar of the Community
United States
7629 Posts |
I would have told him. Ignorance is bliss, but when you're handing coins down to a little family member with the idea that the coins might eventually help with college, who are you cheating by not helping them now?
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Valued Member
United States
467 Posts |
I would show them what a real DD looks like. They should know, otherwise they will be in shock when they go to sell, when ever that is.
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Pillar of the Community
 United States
958 Posts |
She bought it from a shop across town.
one question does a minor 55 DD exist that not the big one but worth about 400 in the xf range
I know how she is . She would have just walked in and said " I need a 1955 doubled coin thingie for my husband for christmas he said its the last one for his album he will be so happy to have it"
The guy prob would have just said here is a case with my 55 doubled coins. This one has nice doubling its 400$
then she would have said ill take it. Glad she had one gift off the list.
They are both in there 50's close to 60's no kids to hand them down to. When they die the state will prob take all their belongings.
So here is the deal, They seem happy . His eye sight is not the greatest .
If I showed them a double die picture. I dont know if they want the grief of trying to get there money back.
SO if I do point it out , what kinda recourse can they follow to get a refund?
is it buyer beware? 3 days ?
is there a minor 55 dd that is only worth 400$ but not the big one, maybe she bough a minor one?
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Bedrock of the Community
United States
14454 Posts |
yeah a real 55/55 can be seen by anyone even if they can't see. there are some poor mans 55/55 (as they call it) but its not the big one and definitely not worth 400.00 in XF. This is a 55/55 I found in my grandfathers collection  |
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Pillar of the Community
United States
764 Posts |
When I was 7 years old, a coin dealer tried to sell me a clearly altered 1922 Plain cent and a 1932D quarter with the wrong style mint mark and I told him they were both fake. Does that count?
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Pillar of the Community
United States
7629 Posts |
I don't care what the situation is, there's always a way to handle it with enough tender care to right a wrong. The guy believes he has a valuable coin and doesn't. 1955P-1DO-002 is scarce, difficult to obtain, but would only bring $40-$60 in EF-AU grade. $400 is a solid MS65RD price. There is at least one 1955 proof DDO, but they only bring $100 in PR65. Basically...no. If you didn't see the doubling, it's not there, and the coin isn't worth near $400. If you know the dealer, tell them. Maybe they will right the wrong. |
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Pillar of the Community
United States
4000 Posts |
If you are sure it is MD, or even another doubled die, you have got to tell them.
If it is clearly not "the big one", you have to educate them.
I would sure like to know what the dealer was basing a $400 price tag on.
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Pillar of the Community
United States
8904 Posts |
Quote:
point it out to him , maybe she can get her money back. I think this is your best bet. And probably the sooner the better. (Just show him the picture of the coin Bryan 1315 posted of what the true coin looks like. It is unmistakable). |
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Moderator
 United States
56855 Posts |
Are you friends with this person? If you are you should tell them it's not the right coin and maybe go with them to the coin shop and work things out with the dealer.If your not "that" friendly with this person you should at least let them know the coin is not the "big"one and his set is not complete. IMHO,
John1 
PS,Let us know what happens.
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Pillar of the Community
United States
7629 Posts |
I would still have interest in knowing whether you know the dealer and could talk to the dealer about it. Perhaps there is some chance the dealer would be willing to make it right, and you wouldn't have to break the news hard to the guy. After you get something straight with the dealer, you could go over, tell the guy the coin isn't what he thinks it is, but also tell him you've taken the liberty to talk to the dealer and he's willing to make it right.
If you don't know the dealer and haven't dealt with him before, the other solutions are probably better.
Either way, if you like these folks and they confide in you for coin information you should definitely set the record straight with them.
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Valued Member
United States
286 Posts |
I am sure the dealer knew the difference and was trying to make a fast buck.tell your friends and go with them to the dealer and ask hem to make it right.  |
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Valued Member
United States
321 Posts |
Ya thats tough. I understand you don't want to hurt your friend but thats what friends are for right? honesty?
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Valued Member
United States
206 Posts |
first ask him if he is an ANA member before any talk about the coin |
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Pillar of the Community
United States
958 Posts |
what I am going to do is ask her tonight if I can see the coin agian.
I will take a closer look at the discription and see what it says.
I will tell her it might not be the right coin she thinks it is.
That the dealer could have made a honest mistake.
maybe its a variation of a minor DD not in the books yet
The dealer I am almost 99% sure she got it from is kinda rude. He offers next to nothing for silver
and almost steals coins from people that bring them in, way under grey sheet bid.
His response is " lets see you pay for a shop and electric and all the bills blah blah blah "
When most guys were paying 15 times face for silver at 21 a ounce he was paying 8x face 10 for morgans
I purchased some buffalo dateless nickles. He would not let me cherry pick the mint marks .
He was like I pick um and just grabbed a hand full slammed um in a counter and said heres 100
at 25 cents each. Got home maybe 8-9 had mint marks and around 10 were bashed from a old counter he has that jammes up and che .d when it counts them.He pays 7 cents each and 2cents for wheats
So I dont have a personal relationship with the guy. I think he is just old grouchy prob not doing good finacialy and just wants to make a buck off anyone that comes in the store.
I get the whole story. The exact price she paid. the exact discription of the coin, and who she got it from
then see if anything can be done in reguards to fixing this mistake
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Bedrock of the Community
United States
10284 Posts |
Show her this thread on the internet.
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Replies: 76 / Views: 7,736 |
Posted 12/14/2010 01:01 am
