Amazing morgan lot bought

Pretty much describes every dealer I have met.

I hear there are good ones out there. I just haven't been lucky enough to meet one in 40 years.

 

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Guess its just the luck of the draw

 

even giving the family or friend a 20-25% cut would be the right thing to do, you paid 15, it is worth 1000, at least make it so you dont lose your friendship, because friendship is worth more than all the money in the world

 

my dads friend did not care he would of just sold them to another buyer that would of payed $8. Besides hes already a $1,000,000are its not like it would make a difference for him.

 

If it was me, I would share my good fortune with my friend and I would pay a little gratitude to his father. It's the right thing to do.

 

Wait... so, he's a millionaire and that makes it alright to rip him off. I get it now. Seriously... go tell your friend that the coin is worth $1000 and ask his dad if he'd like it back. He might say to keep it anyway, but at least you'll be doing the right thing. If you rip off your friends like this, I would assume you rip off strangers with even less concern for what is right/wrong.

I actually had a situation like this. I bought a baseball card from my friend for $20. It turned out to be worth $800. At the time that I bought it, I didn't know. I told him about it and asked if he wanted the card back or to sell/split the profit. He told me to keep it, since I needed it for my collection. I pointed out that I needed the $20 version, not the $800 version. I ended up selling it for $500. My friend refused to take the money from me, so I took his family out for a nice dinner. It's what friends do. At least in my world.

And, maybe I think too highly of people, but when this happens, I tell the people. One guy was selling Mercury dimes for $5 = 10 coins a week ago. I told him that the spot value was worth around 5-6 times that, and numismatic could be even more. The seller said it's okay. I asked if they would have a problem with $15 for the 10 coins, since I didn't want to pay full price, but I also didn't want to rip them off. They were happy with that. As a result, they showed me other stuff they had for sale too. Honesty usually pays off in life. Then again, that's probably why I get ripped off more than others, too.

 

Guys dont be so hard on K2, he just came on here to share some exciting news. Instead of critizing you should be happy for him.:thumb:

 

...I'm not going to be "happy" for someone who ripped someone else off, regardless of their intentions.

 

Welcome to CT! That's quite a deal but how can you sleep at night? Is he still your friend? Beware of Chinese or other fakes. 1895 S Morgans have been counterfieted for decades along with all the rest of the dates and mint marks. Just look on ebay and set your search for "price plus shipping lowest first" and you'll see what I mean. The seller who has the most Morgan fakes is under scrutiny. What he lists on ebay usually says "replica" but he has been known to sell to individuals fakes that say nothing to the effect of being a copy or replica. These fakes have come in through other countries including Canada and sold as genuine. Slabs have also been faked. Your friend's father may have been duped or your friend duped you. One way or another, something seems not quite right. I hope for your sake they aren't fakes and if genuine, I hope you see it in your heart to compensate you friend in an appropriate fashion. If not, every time you look at those coins, you may find that they don't seem as appealing as they once did.

 

same here he, told me he did not look through them and anything i found, no mater the price, i get to keep them, all profit mine.

 

Here is a pic of the 1895-s for you who wanted to see it.

 

Nice, it looks 100% genuine to me.

 

What am I missing here? I don't see any posts by cpm9ball.

 

It got poofed because Chris was being honest. God forbid you say what you really feel.

 

For what it's worth, I've added K2 to my ignore list. I see no point to helping out someone who doesn't see how his actions are detrimental, not only to his friendship, but to the forum, as well. Heck, it's a bit of a stretch, but unethical actions tend to reflect poorly on the hobby as a whole. That's one reason I get mad when I meet someone offering 22x spot for Mercs/SLQs/Walkers/Morgans, claiming that it's tough to find a smelter to extract spot silver from them...

 

It would be beneficial for YN's to read the Code of Ethics related to coin collecting/coin dealing. A couple of excerpts:

From ANA Code of Ethics:

I agree to base all of my dealings on the highest plane of justice, fairness and morality.

http://www.money.org/AM/Template.cfm?Section=Search&template=/CM/HTMLDisplay.cfm&ContentID=6215

From PNG Code of Ethics:

9.​

To refrain from any of the following in dealing with non-professional customers:

(a) buying or selling at unreasonable prices;

http://www.pngdealers.com/category.php?category_id=6

 

Wow this guy is lucky to have a friend like you. Geesh, good ridiance.

 

No, he's not really....

What goes around, comes around, sooner or later.