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Bad news on my new JC Coin - update
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<p>[QUOTE="dougsmit, post: 3666876, member: 19463"]I am glad everything seems to be working out but there is one thing gnawing at my gut that will make me question further dealings here. Someone explain to me a reasonable explanation. The sale had many, many unsold lots. Unsold lots of decent coins generally means the start/reserve price of the item was too high. The Caesar in question had a start at $100 which is low for this popular type and resulted in the hammer price being three times the start. Looking at the coin except for the tooling I see a coin cheap at the hammer and ridiculously low at the start. Why was this lot started so low? The obvious answer is that someone knew it had a problem but that problem - the tooling - was not described. I did not see the start prices listed on the unsold lots so I do not know, I only assume, they did not sale for too high starts. A dealer who did not recognize the tooling would have started the coin higher. The combination of the low start and the undisclosed tooling brings to question if almurrai has the answer.</p><p><br /></p><p><br /></p><p>We all make mistakes. When I see a imitation silk purse offered for a sow's ear price, I fear deceit rather than ignorance. I have no problem with ignorance and participate in it heavily myself. I'll offer my old favorite quote: "Fool me once, shame on you; fool me twice, shame on me." Through life, we all make thousands of mistakes but the only ones that really hurt are the ones we insist on making over and over again. Set me straight. What am I missing here that would make me believe the seller did not know about the tooling?[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3666876, member: 19463"]I am glad everything seems to be working out but there is one thing gnawing at my gut that will make me question further dealings here. Someone explain to me a reasonable explanation. The sale had many, many unsold lots. Unsold lots of decent coins generally means the start/reserve price of the item was too high. The Caesar in question had a start at $100 which is low for this popular type and resulted in the hammer price being three times the start. Looking at the coin except for the tooling I see a coin cheap at the hammer and ridiculously low at the start. Why was this lot started so low? The obvious answer is that someone knew it had a problem but that problem - the tooling - was not described. I did not see the start prices listed on the unsold lots so I do not know, I only assume, they did not sale for too high starts. A dealer who did not recognize the tooling would have started the coin higher. The combination of the low start and the undisclosed tooling brings to question if almurrai has the answer. We all make mistakes. When I see a imitation silk purse offered for a sow's ear price, I fear deceit rather than ignorance. I have no problem with ignorance and participate in it heavily myself. I'll offer my old favorite quote: "Fool me once, shame on you; fool me twice, shame on me." Through life, we all make thousands of mistakes but the only ones that really hurt are the ones we insist on making over and over again. Set me straight. What am I missing here that would make me believe the seller did not know about the tooling?[/QUOTE]
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Bad news on my new JC Coin - update
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