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<p>[QUOTE=&quot;Paul M., post: 2550264, member: 73165&quot;]Okay, let&#039;s examine the situation more carefully.&nbsp; What happens if the dealer is only willing to refund the original purchase price of $86?&nbsp; In that case, the dealer made money on the coin at the original purchase price, and, since its melt value is around $600 now, is going to make a further $500.&nbsp; Meanwhile, our collector is out the coin, and the paltry refund of $86 after inflation means he&#039;s effectively taking a net loss of at least $200, and probably gets left with a bad taste in his mouth from the whole deal.</p><p><br /></p><p>If the dealer buys the coin back as scrap, then the dealer made money on the original sale in the 70s, and isn&#039;t going to lose money buying it back as scrap.&nbsp; Our collector is still out the coin, but he&#039;s made a few hundred on the bullion value. Since neither the collector nor the dealer knew the coin was fake until it was sent to the grading service, it&#039;s probably a good fake, and there&#039;s no love lost because the dealer failed to recognize it as such.</p><p><br /></p><p>There&#039;s another option, too.&nbsp; The dealer could say &quot;I intended to sell you an authentic $10 Liberty, and I&#039;m going to make sure you get one.&quot;&nbsp; In that case, the dealer trades an authentic $10 Liberty of the same date, mint, and grade for the fake.&nbsp; If we&#039;re talking about a common date coin with not a lot of numismatic premium, the collector ends up with the coin, and the dealer probably ends up taking a small loss equal to the difference between the numismatic and bullion values of the coin, but gets a ton of goodwill in return.</p><p><br /></p><p>Of these options, as both the dealer and the collector, I would prefer either option 2 or option 3.&nbsp; Option 2 leaves us both about even, financially speaking, and doesn&#039;t damage the relationship.&nbsp; Option 3 is the dealer going above and beyond, and is probably the option he should choose if the loss he&#039;ll take isn&#039;t excessive, simply because it makes the collector whole and creates a ton of goodwill.[/QUOTE]</p><p><br /></p>

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