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<p>[QUOTE="dougsmit, post: 4873910, member: 19463"]Selling ancient coins for more than they are worth is the definition of the coin business. The question is whether the coin dealer must act as a fiduciary keeping the best interest of his clients in mind or whether he is allowed to tell them anything he wishes to get them too buy. People here complain when CNG estimates a coin for $100 and it sells for $1000. HR-LP attacks the problem from the opposite end. He offers $100 coins for $1000 an sees if anyone bites. Failing that, he offers it lower. Of the 19,000 current coins, some are shown at their unreduced prices. Can you prove that the reduced ones never were? I have, over the years bought several coins from him at prices below his sale prices. </p><p><br /></p><p>CNG sold the coin below for $460 plus fees:</p><p><a href="https://cngcoins.com/Coin.aspx?CoinID=164136" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://cngcoins.com/Coin.aspx?CoinID=164136" rel="nofollow">https://cngcoins.com/Coin.aspx?CoinID=164136</a></p><p><br /></p><p>A couple years later, I bought it from HR-LP for $175 postpaid. Most of you would not pay that price for that coin and think I am a fool. Both sellers correctly identified the coin. Whatever the source, I recommend paying what you believe is appropriate and just walking away from the rest. That coin was worth that price to me on that day for reasons I understand. I do not believe CNG should have to apologize for taking the $460 nor HR-LP for taking $175 for an off center LRB. They both are in the business of selling coins for more than they are worth. </p><p>[ATTACH=full]1177210[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 4873910, member: 19463"]Selling ancient coins for more than they are worth is the definition of the coin business. The question is whether the coin dealer must act as a fiduciary keeping the best interest of his clients in mind or whether he is allowed to tell them anything he wishes to get them too buy. People here complain when CNG estimates a coin for $100 and it sells for $1000. HR-LP attacks the problem from the opposite end. He offers $100 coins for $1000 an sees if anyone bites. Failing that, he offers it lower. Of the 19,000 current coins, some are shown at their unreduced prices. Can you prove that the reduced ones never were? I have, over the years bought several coins from him at prices below his sale prices. CNG sold the coin below for $460 plus fees: [URL]https://cngcoins.com/Coin.aspx?CoinID=164136[/URL] A couple years later, I bought it from HR-LP for $175 postpaid. Most of you would not pay that price for that coin and think I am a fool. Both sellers correctly identified the coin. Whatever the source, I recommend paying what you believe is appropriate and just walking away from the rest. That coin was worth that price to me on that day for reasons I understand. I do not believe CNG should have to apologize for taking the $460 nor HR-LP for taking $175 for an off center LRB. They both are in the business of selling coins for more than they are worth. [ATTACH=full]1177210[/ATTACH][/QUOTE]
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