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Beware of people selling coins at flea markets. Lots of counterfeits.
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<p>[QUOTE="jloring, post: 1336941, member: 15518"]Here's a scenario for ya:</p><p><br /></p><p>"Dealer" sets up a small table at a flea market, displaying some key date Morgans, bust halves, etc. "Buyer" comes along and asks for pricing. "Three bucks each" the seller replies. The buyer, somewhat taken back by the low price, asks if they are genuine. Dealer replies that the coins belonged to his recently deceased father, and he just wants to liquidate them. He states he isn't sure if they are real, but assumes they are. The buyer says he'll take a chance and purchaes six pieces for $18. Three hours later the buyer returns and demands his money back, stating that he had taken the coins to a B&M and were told they were counterfeit. Dealer says "OK, give me back the coins and I'll return your money." Buyer says "I don't have them, I was so upset I tossed them in a dumpster. I hate being ripped off." Dealer replies "Since I know nothing about coins, how much would they be worth if they were genuine?". "Thousands" the buyer replies. The dealer, not wanting to create a scene, returns the $18 even though buyer does not return the coins.</p><p><br /></p><p>Who is "ripping off" who in this scenario? The dealer, who is selling fake coins for a reasonable price, or the buyer, who thinks he has found a seller ignorant enough to believe his "rare coins" are worth only three bucks?[/QUOTE]</p><p><br /></p>
[QUOTE="jloring, post: 1336941, member: 15518"]Here's a scenario for ya: "Dealer" sets up a small table at a flea market, displaying some key date Morgans, bust halves, etc. "Buyer" comes along and asks for pricing. "Three bucks each" the seller replies. The buyer, somewhat taken back by the low price, asks if they are genuine. Dealer replies that the coins belonged to his recently deceased father, and he just wants to liquidate them. He states he isn't sure if they are real, but assumes they are. The buyer says he'll take a chance and purchaes six pieces for $18. Three hours later the buyer returns and demands his money back, stating that he had taken the coins to a B&M and were told they were counterfeit. Dealer says "OK, give me back the coins and I'll return your money." Buyer says "I don't have them, I was so upset I tossed them in a dumpster. I hate being ripped off." Dealer replies "Since I know nothing about coins, how much would they be worth if they were genuine?". "Thousands" the buyer replies. The dealer, not wanting to create a scene, returns the $18 even though buyer does not return the coins. Who is "ripping off" who in this scenario? The dealer, who is selling fake coins for a reasonable price, or the buyer, who thinks he has found a seller ignorant enough to believe his "rare coins" are worth only three bucks?[/QUOTE]
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Beware of people selling coins at flea markets. Lots of counterfeits.
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