Is it legal?

wow, what a thread. Assuming the facts presented are accurate there are 2 questions, legal and ethical. Legally the seller didn't initiate an offer to sell, the dealer did, or the associate acting on behalf of the dealer did and any court would expect the dealer to have knowledge of the coin or have asked if he could make an offer upon the condition of being authenticated. From what I see nothing of the sort happened. Legally the transaction was completed and binding. Ethically, if a dealer called me up a couple of hours later and said it was a fake and I went back in and it was definitley the coin I sold I would give the money back. But that's just me.

 

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+1 :thumb:

 

LOL Kassidy, Good for you ! The reply you are referring to, should not be taken serious , period . There are sometimes those individuals who visit sites like this , who's only intention is some sort of self flagellation or some inner need to be the center of attention at any costs or risks .

 

My grandfather gave me coins for my collection well over 50 years ago and he always told me "Most people you meet are pretty honest, then there's the guy who will try and sell you a coin".

I think that pretty much sums it up. Chain of custody is the caveat of this hobby/business as well as "Caveat Emptor". Anyone who buys a coin is taking a risk and there is always a chance for some dishonesty. Would a dealer switch the coin ? Hopefully not, but would a buyer switch one and demand money back ? Not likely to happen. But sadly, it can and does. We even read about it on this forum, which is just a bare tip of the amount of trading out there. Of course in a bad economy, normally honest people can do desperate things and some feel forced to. Cons get more and more elaborate. Nope, it is what it is. I stand by earlier statements that the transaction was finalized the moment the seller of the coin exited the shop. Not everyone is trustworthy enough to make a change in that. IMHO

gary

 

I do not understand why you posted this without having the facts ?
What type of coin was it CENT NICKLE ETC ? WHAT YEAR ? MINT MARK ?
I am only a beginer in coins
But if i was the seller i would know this facts before going to a dealer
Strange he is a co-worker like any place else i am sure you have contact with him once in awhile
stop by his house, e-mail , text , phone call, leave a message on his vehicle
If you seem concerned in your opening post I would have had all the facts even though you do not have anything to do with coins.

 

Without any reservation , I totally agree.

 

The facts are there as presented by the OP . It's all the un-necessary questions about those facts which is bringing about hypothetical concerns.

 

:dead-horse::dead-horse::dead-horse::dead-horse:

 

I haven't read this entire thread - too long, I quit. But, I have to wonder how the coin store got the customer's phone number, but the customer didn't get a receipt. I'm questioning the entire story.

As the story is given, I side with the guy who sold the coin. The chain of custody thing.

But, I doubt the story

 

Um, hi! I may be the only person under 30 who is not owned by a cell phone, and I have no problem with that.

 

How about one of the Sacajawea error coins? There are a couple of different varieties where fewer than a dozen have turned up.

ie;
http://www.worthpoint.com/blog-entry/rare-sac-dollar-error-coin-discovered

 

I would find it hard to believe there is no record of the sale, I'm sure the store must have security cameras. I'd have to say I think it's the stores loss.

 

A. Ronald Sirna Jr. is legal counsel for MSNS. rsirna@gmail.com if you want a legal answer.

 

Thank you so much for this response!

 

I agree with you 100% coinman.

 

If there is no records of the sale, that makes the Dealer or their agent's position even more unsubstantiated .

 

Sorry but you are mistaken, I do not have contact w him outside of work. I only have contact with him at work, we don't talk outside of work bc we aren't close..as in our relationship is just professional. Furthermore, I don't want to go to his house or leave a message on his car bc I can just ask him in person when I see him tmrw. So I am having a but of trouble understanding why it even matters when I talk to him it even if I talk to him outside of work. None of that matters at all, only the question I posted.

 

NOOST!!! Welcome to the discussion!

Btw, your avatar would make a great FS coin...:thumb:

 

That is the best advise I've seen so far as I've been lurking in this thread. Considering that there is an apparent widespread counterfeit coin problem in Washington today, regardless of any civil ramifications, the OP's co-worker should make sure there may not be some possible criminal implications.