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<p>[QUOTE="medoraman, post: 2936518, member: 26302"]First off, I am not a dealer so not self defending here.</p><p><br /></p><p>One huge component many people are overlooking is the huge risk of fakes nowadays. This makes it even more important to offer coins to specialists who can ensure coins are authentic.</p><p><br /></p><p>Let's assume the dealer making this infamous $60 offer is not an expert in these. He may look up that NGC says $400. Ok, but NGC is sky high unrealistic on many prices. So maybe the dealer discounts to $250 retail value if he can find a buyer and if the coin is not fake. He has to balance how much coin he is willing to risk as a total loss, as well as sales expenses, carrying costs, etc. </p><p><br /></p><p>I am unwilling to call the man unethical for not wanting to risk over $60 if he does not know its authentic and does not know how long he will sit on it even if it is real. Do I think its light? In my view maybe, but I will not call him a thief over it.</p><p><br /></p><p>I have many Cleopatra VII coins. If I went into a US dealer who has no clue about these, I would expect a similar offer. I can show them online prices, but they would be leery of authenticity, how quickly they move, etc. </p><p><br /></p><p>All the more important to go to specialty dealers for strongest offers on specialty material. I would would never call a generalist dealer a thief, he is simply not in a position to give a better offer.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2936518, member: 26302"]First off, I am not a dealer so not self defending here. One huge component many people are overlooking is the huge risk of fakes nowadays. This makes it even more important to offer coins to specialists who can ensure coins are authentic. Let's assume the dealer making this infamous $60 offer is not an expert in these. He may look up that NGC says $400. Ok, but NGC is sky high unrealistic on many prices. So maybe the dealer discounts to $250 retail value if he can find a buyer and if the coin is not fake. He has to balance how much coin he is willing to risk as a total loss, as well as sales expenses, carrying costs, etc. I am unwilling to call the man unethical for not wanting to risk over $60 if he does not know its authentic and does not know how long he will sit on it even if it is real. Do I think its light? In my view maybe, but I will not call him a thief over it. I have many Cleopatra VII coins. If I went into a US dealer who has no clue about these, I would expect a similar offer. I can show them online prices, but they would be leery of authenticity, how quickly they move, etc. All the more important to go to specialty dealers for strongest offers on specialty material. I would would never call a generalist dealer a thief, he is simply not in a position to give a better offer.[/QUOTE]
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