Just had a case on People's Court. Jules Karp (a real coin dealer) sold a 1799 bust dollar to a lady in 2005. Now, she tries to sell it and finds out the coin has been "altered". She sent it to Heritage for them to auction it and they fax her back that the coin would not slab by PCGS because the coin has been "Cloroxed". Never heard of that term and neither had Mr. Karp. Why do you "Clorox" a coin and what does it do? Had a couple laughs when Mr. "I've been in business for over 50 years" knows the Heritage "dealer" and was familiar with "Pacific Coast Grading [something]" a.k.a. PCGS.
Just a form of cleaning to remove surface contaminants. My guess is it ended up changing the surface color enough so that the coin was recognizably altered. How did the case turn out? Unless the dealer specifically stated the coin was not cleaned/altered, I don't think she has a case.
She had a case, but no proof. She had nothing stating what she bought (it was 2005) and the fax from heritage was not even on a Heritage letter head so the only "expert" on what she had was Mr. Karp. She got nowhere with that.
it makes sense, if she didn't even have a receipt, how can she prove anything! Besides, suppose she sold the coin, how could she prove the cost basis? She couldn't prove it, and it could be deemed all profit. Lesson: Keep records.
I think it would definately be a hard case for any plantiff to win. Who's to say she didn't alter the coin's surface, or even worse switch it with a different coin. These are all worst case scenarios, but all things that a coin dealer could potentially deal with every time a high dollar coin is sold. Then add the high quality counterfeits out there these days, I am glad not to be a coin dealer sometimes.
I'm not sure she had a case even with a receipt. I would think too much time had passed. I can think of several ways the dealer could have had fun with this. What else did the dealer have to say and what did the judge have to say in the end? Wish I had caught it.
you must understand, most of those pawn dealers live by their gift of convincing you they are something they are not, that your item is less than what you think it is, or their items are more than what they actually are.
No, they pay the participants for showing up. Generally more than what the case is worth to start with, so the most money you end up out is the fee they payed you for going on the air.
Actually, I am sure some are scripted - Divorce Court, for instance. However, I know People's Court and Judy are not scripted. I do not think Mathis and Brown are. The rest of them????
Yeah I caught that show yesterday. It was a good show maybe that coin dealer got some business out of the deal, but maybe not especially with that PCGS comment. lol Anyone here know that guy? I'll tell ya' what, it was a very good example on why you don't clean coins and whatever you do. Stay away from cloroxing!!
Did Jules still look like a disaster? He usually wears a jacket that is half falling off of him, and filthy.
He was not Joe College Preppy, but he was descent. I am sure these shows have their own make-up crews. In spite of that, you could tell he was not a neat-nick.
