Has anyone here dealt with a dealer called? Lou Rasera Southland Coins & Currency P.O. Box 403 Woodland Hills, CA 91365 Just looking for feedback on experiences. Thanks
In case anyone was wondering what was going on. This past saturday, I sold some paper money at the Chicago Paper Money Expo. On Monday, the dealer realized that he miscalculated the total (I didn't realize this until he pointed it out). He only had my name and address. So he decided to contact me by calling the local police. Well, they show up around 10 pm, tell us nothing more than "call Lou in California" and then proceed to run everybody's ID (apparently it's illegal now to not produce ID on demand even if you haven't done anything wrong, but that's a debate for another day). Of course at the time, I have no idea who "Lou" is. They write down for me the name and phone number for me and finally leave. I google the name and come up with the info I posted above. At that time, I realize this is the guy I sold some stuff to at the show. I shot him in e-mail askinig why he sent the police to my house. At first, I could not figure out what type of scam would involve paying me, then sending the police to my house. He responds with the explanation about how he couldn't figure out how else to contact me (for reference, we still get US Postal service out here in the midwest) and about how he miscalculated the total. I dig out the invoice and sure enough, he mistotaled the invoice. Wel, I hadn't even cashed the check yet and figured it was no good at this point. Much to my surprise, he sends an e-mail saying that he didn't put a stop payment on the check and left it up to me how to handle it. He also offered to pay a little extra for the stuff to make up for the police having shown up so late. Needless to say, knowing what it's like to be shorted as little as $20 from the bank and to have been screwed by unscrupulous dealers when I was younger, I wouldn't wish that experience on someone else and I'd have sent back the difference anyway. I don't know if this dealer is one of the good guys or not, but I will give him credit for this, he did still honor his check AFTER realizing his mistake, essentially giving me the full power to decide how to handle it. This gives me the impression that had the shoe been on the other foot and he accidentally overcharged a customer, that he probably would have made it right. Just curious, has anyone else here been in the same situation, and how did you handle it?
did the dealer overpay you by alot.. or under pay you? im just wondering which side he intentions are on ....
He overpaid by more than $1,000. Based on how he wrote the receipt, I could have kept it all, but I remembered what we verbally agreed to and the ethical thing to do was return the difference. The receipt mistated what was sold.
Gatzdon.... Was it a miscalculation or did he find out that he made a bad deal? If a simple mistake and you agree..return the 1K. If he did not know what he was doing I would say good for you! Perhaps you will have the upperhand here.. RickieB
We agreed on a price for some 1976 $2 bills I sold ($3 each). When he wrote up the invoice, he put the dollar face value in the the quantity column, essentially doubling the price paid for the $2 bills.
Will the possiblity crossed my mind that it was an intimidation tactic, I'm giving him the benefit of the doubt and believe that he may have panicked in trying to figure out how to get in touch with me, considering that he never put a stop payment on the check.
IMHO i think its an honest mistake, since like you said, you agreed on a sum per note, and he paid more. While it is a large enough sum, he at least left it up to you to in turn see if you are honerable. If you decide to follow through with it, and return the excess money, it could start a nice relationship .. one that in its own way, could benifit you greatly.
