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<p>[QUOTE=&quot;NorthKorea, post: 1147333, member: 29643&quot;]jmon, I had to go and &quot;View Post&quot; each of K2&#039;s posts in order to quote them. Having him on my ignore list is a nuisance with regard to that.</p><p><br /></p><p>Anyway, in the dealings you had, did you _EVER_ brag about the outcome? The issue many have with the OP isn&#039;t just that he ripped off his friend, his friend&#039;s dad or his dad&#039;s friend (all three were mentioned in the continuum of his story), but also that he&#039;s been demanding of grades (in other threads) and chose to brag about ripping his friend off.</p><p><br /></p><p>Now, to the point of what we know of the transaction, you&#039;re absolutely right. Anyone not involved in the OP&#039;s transaction only knows what the OP has told us. I&#039;ve included that below for reference (and to verify my statements).</p><p><br /></p><p>OP has told us:</p><p><br /></p><p>1) That he&#039;s 14. ( <a href="http://www.cointalk.com/showthread.php?t=153943&amp;p=1145507&amp;highlight=#post1145507" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/showthread.php?t=153943&amp;p=1145507&amp;highlight=#post1145507">http://www.cointalk.com/showthread.php?t=153943&amp;p=1145507&amp;highlight=#post1145507</a> for reference.)</p><p>2) That his dad&#039;s friend wanted &quot;$3-$8&quot; per Morgan and these were Morgans that his friend&#039;s dad was &quot;storing for years.&quot; He offered $15 per coin, when he knew they contained over 0.7 OzT per.</p><p>3) That he doesn&#039;t want to tell the original owner that the coins he purchased are worth north of $1000 in total (since a single one of the coins is valued at least at $800).</p><p><br /></p><p>The respondents to the post have fallen into one of two groups: Those who commend the OP since &quot;a dealer would have done the same&quot; and those who believe the OP ripped off his friend (and by extension has no ethical markers). I fall into the latter for a couple of reasons:</p><p><br /></p><p>1) I believe most long-standing coin dealers are fair individuals who realize that consistently ripping off the public will lead to going out of business. Therefore, I think the friend / friend&#039;s dad / dad&#039;s friend would have been much better off selling directly to a dealer. Even the most unscrupulous dealer would have offered spot. Better dealers would have offered 70-80% of book value.</p><p><br /></p><p>2) I try my best to be fair with everyone, especially friends. As I&#039;ve said in the thread, the OP could just post &quot;I told my friend that the coin was worth $1000, and he said it&#039;s okay. Since he refused to take some of the money, I bought him a nice scooter.&quot; Or, if the story that it&#039;s his dad&#039;s friend is the right one, then he could say &quot;I told my dad that the coin was worth $1000, and we went over to his friend&#039;s house to explain. I offered to return the coins, but he refused. He told me to keep them and focus on growing my collection. I then told him that I was going to the expensive coins, so I went with my dad to the cigar store and bought his friend a very nice box of cigars / bottle of cognac / (whatever vice dad&#039;s friend likes).&quot; The problem is this is the story that the OP is relating to the forum:</p><p><br /></p><p>Someone close to me sold me their coins for WAAAAY under fair value because he wanted to help me build my collection with those coins. I&#039;m going to sell them to make a quick profit.</p><p><br /></p><p>Now, if you&#039;re wondering how I concluded that last part, it&#039;s based upon the OP posting several different threads asking for grading input so he can submit the coins to a TPG to sell. Intent is reflected in the actions taken after the fact.[/QUOTE]</p><p><br /></p>

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