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<p>[QUOTE="bg1856, post: 669036, member: 19879"]Penny Lady, you mentioned in your response that in your "business" prices have a great deal of influence upon coins. While I do not disagree with that statement, it seems to me as if you are impying that the price movement of the coin would dictate whether or not you accepted your purchase money back in exchange for the coin you bought. So if prices moved against you, you would give back the coin, and if they moved in your favor you wouldn't. I hate to beat a dead horse here but, I will contend that in both my example and in yours of time after the sale and prices fluctuating are irrelevent. And once the deal is done it's done. And needs to be honored by both sides.</p><p><br /></p><p>And by the way just a quick question. Many years ago you purchased a BU 1873 indian cent for what you quoted was a "mere $110". Upon receiving that coin your quickly learned of its type 3 variety, in which was valued between $2500 and $3000. Your reaction was such that you couldn't "contain yourself" being a neophyte collector and learning this was I am sure exciting news but should the seller have emailed you after you received the coin or better yet maybe 2-3 months later and say that they made a mistake and would like the coin back. Would you do as you suggested and send back the coin for your $110? </p><p><br /></p><p>Your website provides a wealth of information and I am not quite sure why you think buying a coin from a respectable dealer for a $350 mistake is morally wrong and worse than buying a penny from a unsuspecting owner for $2400 to $3000 less than its original value. </p><p><br /></p><p>You have gained a lot of repect on these forums and I am sure that it is all deserved. I look forward to reading and learning more about the coin collecting "business" because as a "collector" I think the insight that the dealers on this forum provide will be an invaluable tool well into the future.[/QUOTE]</p><p><br /></p>
[QUOTE="bg1856, post: 669036, member: 19879"]Penny Lady, you mentioned in your response that in your "business" prices have a great deal of influence upon coins. While I do not disagree with that statement, it seems to me as if you are impying that the price movement of the coin would dictate whether or not you accepted your purchase money back in exchange for the coin you bought. So if prices moved against you, you would give back the coin, and if they moved in your favor you wouldn't. I hate to beat a dead horse here but, I will contend that in both my example and in yours of time after the sale and prices fluctuating are irrelevent. And once the deal is done it's done. And needs to be honored by both sides. And by the way just a quick question. Many years ago you purchased a BU 1873 indian cent for what you quoted was a "mere $110". Upon receiving that coin your quickly learned of its type 3 variety, in which was valued between $2500 and $3000. Your reaction was such that you couldn't "contain yourself" being a neophyte collector and learning this was I am sure exciting news but should the seller have emailed you after you received the coin or better yet maybe 2-3 months later and say that they made a mistake and would like the coin back. Would you do as you suggested and send back the coin for your $110? Your website provides a wealth of information and I am not quite sure why you think buying a coin from a respectable dealer for a $350 mistake is morally wrong and worse than buying a penny from a unsuspecting owner for $2400 to $3000 less than its original value. You have gained a lot of repect on these forums and I am sure that it is all deserved. I look forward to reading and learning more about the coin collecting "business" because as a "collector" I think the insight that the dealers on this forum provide will be an invaluable tool well into the future.[/QUOTE]
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