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<p>[QUOTE="The_Cave_Troll, post: 288424, member: 1674"]In an effort to make you feel better I will tell you a true story about someone who had a much worse coin experience than you this week.</p><p><br /></p><p>I was working our table at the Silver Dollar show in StL on Friday when a guy came up and asked for an informal evalution of his coins. I wasn't busy so I agreed. He pulled out a list and a handful of coins. Basically he had a number of better date Morgans, some common Saints and some common 20 Libs. Most of his coins were very harshly cleaned. I quoted him a FMV for the Morgans and then when I started quoting him prices on the saints at a little back of melt he started to get weird. I assumed he thought the coins were worth more than I'd quoted so i started explaining that they were cleaned/polished so harshly that we couldn't sell them as jewelry even and we would be forced to just have them melted. </p><p><br /></p><p>He interrupted me and told me that he was upset that the previous dealer he had spoken to had quoted him a price of $175 each for his Saints, his 20 libs, his 1 oz AGE's and his 1 oz gold ingots. I was dismayed and started asking questions and he told me who the dealer was and showed me his business card (I don't know the guy since he is just a local guy who set up at the show) then he told me he'd sold the guy more than 10k in coins (which at $175/ oz works out to about 60 ozs of gold)!</p><p><br /></p><p>I was stunned (as was Zane who was sitting next to me). We ended up recommending he try to get his coins back and if he couldn't we recommended that he contact the ANA.</p><p><br /></p><p>I figure the guy basically stole about $40k from the poor guy, just because he didn't know anything about coins. It was despicable. It is thieves like that guy that give honest coin dealers a bad name![/QUOTE]</p><p><br /></p>
[QUOTE="The_Cave_Troll, post: 288424, member: 1674"]In an effort to make you feel better I will tell you a true story about someone who had a much worse coin experience than you this week. I was working our table at the Silver Dollar show in StL on Friday when a guy came up and asked for an informal evalution of his coins. I wasn't busy so I agreed. He pulled out a list and a handful of coins. Basically he had a number of better date Morgans, some common Saints and some common 20 Libs. Most of his coins were very harshly cleaned. I quoted him a FMV for the Morgans and then when I started quoting him prices on the saints at a little back of melt he started to get weird. I assumed he thought the coins were worth more than I'd quoted so i started explaining that they were cleaned/polished so harshly that we couldn't sell them as jewelry even and we would be forced to just have them melted. He interrupted me and told me that he was upset that the previous dealer he had spoken to had quoted him a price of $175 each for his Saints, his 20 libs, his 1 oz AGE's and his 1 oz gold ingots. I was dismayed and started asking questions and he told me who the dealer was and showed me his business card (I don't know the guy since he is just a local guy who set up at the show) then he told me he'd sold the guy more than 10k in coins (which at $175/ oz works out to about 60 ozs of gold)! I was stunned (as was Zane who was sitting next to me). We ended up recommending he try to get his coins back and if he couldn't we recommended that he contact the ANA. I figure the guy basically stole about $40k from the poor guy, just because he didn't know anything about coins. It was despicable. It is thieves like that guy that give honest coin dealers a bad name![/QUOTE]
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