Oh no! What have I gotten myself into?!? Need advice!

Major problem guys. Awhile back, I had this dealer that was looking for a 1916D Mercury Dime in Good-4 condition. Well, after reconsidering buying this coin, I called and left her a message on Memorial Day weekend asking her to forget the 1916D and try to find me a 1921D & 1921 Mercury Dime, -both in Fine-12 condition- instead at the Long Beach Coin Show. Well, I call her today to see if she got them, and I talk to one of her flunkies and he tells me she got a 1916D Mercury in for me!!!!! I'm calling her in a few minutes to find out what grade it's in, how much it costs, etc. I'll let you know what I find out. - coincrazed

 

Log in or Sign up to hide this ad.

I wonder if that flunkie might be a CT member, and is reading your description of him.

 

I am a firm believer if she got a nice 16D then you should take it. This is one of the reasons I do not like giving want list to dealers - not because they might find a coin, but because they might find one that I do not like. I know Kanga has done good with this, but me - I feel obligated to buy. She might not have got the message. At least it is a key date. And the dealers I know have all told me the same thing - just because you give me a want list does not mean you have to buy what I find. To save on confusion I just skip it. Just my opinion.

 

Using a dealer to search for a particular coin is something that I've never had to do. I guess the hunt is part of the fun. However, if I ever did opt to use a dealer in my search, I would be sure that it was a coin that I definitely wanted. Do you think that dealer will ever give you the time of day in the future? I doubt it, because you would be liable to change your mind again and he/she would be wasting more of their time.

Chris

 

I agree with this 100%, it's part of the fun picking a coin with the exact character you're looking for. But that's just me, I hope she picked out a dime you truly like.

 

The 1916-D Merc in G4 is just about as common as dirt, which makes me think you should have looked online for it yourself. Regardless, unless you have a contract to purchase the coin, you are not obligated to buy the coin. Additionally, if you left a message far enough in advance of the Long Beach show then the dealer should have received the message and not looked for the coin for you.

 

I wouldn't buy a coin you don't want, provided you gave the dealer sufficient notice of your change of wants.

Even then, you're under no obligation to buy a coin that is delivered to you pursuant to a want list. You surely have the right to reject such a coin if it's not to your liking. Until you get the coin in hand and approve that coin, you shouldn't be making your final purchase decision. Of course, if you say no to enough coins which are delivered to you based on want lists those dealers will likely stop finding coins for you

 

Same here. Have had that happen, IMO it is a potentially uncomfortable situation that is best avoided. Moreover, I don't want to risk offending a seller if I were to choose not to buy... don't want to risk burning bridges.

 

EXACTLY!!!!!! That is why I'm planning on purchasing a Fine-12 example once I build my collection. Not only that, I think this coin is way over-collected, especially in About Good-3 - Good-4 range, as many people want to punch holes in albums for as cheap as they possibly can. No one, is going to buy a Fine to crack at fling into a grubby album. Needless to say, she didn't get me what I want. I wanted an NGC, but she got me an ANACS.

 

I like working with a dealer who travels to all the big shows.
It's almost as if I were there, but better.
The dealer has more experience, therefore can make better judgments.

Of course it requires trust.
Trust that your dealer has your best interests at heart.

The only thing I miss is the thrill of the hunt and of discovering the coin you want.
So I don't include everything I'm looking for on my wantlist.
Right now that's:
- 1790's type coins
- Classic Head half cents
- Capped Bust half dimes
- Early commemoratives
That gives me plenty to look for.