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Just got the elusive 1916 Barber Half....
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<p>[QUOTE="Treashunt, post: 2176489, member: 6763"]Mr Carr had a great point.</p><p><br /></p><p>Anyone who 'finds' one of his pieces and then believes that it is worth a lot (because of the date, design, whatever) has some knowledge about coins and coin collecting.</p><p>Otherwise it would just be a coin to them.</p><p><br /></p><p>With that knowledge, they (the investor/purchaser/about to be ripped off individual) is looking to make a profit, not keep the 'rare'/unknown piece for his or her collection.</p><p><br /></p><p>With that knowledge, knowing that the 1964 D Peace dollar is a true rarity (if it does exist) he should know that it is also illegal to own. As such, they are simply placing themselves in a position where their investment may be lost in its entirety by the reclamation of the coin by the US Treasury since the piece is illegal to possess.</p><p><br /></p><p>Therefore, they have to have some knowledge of its rarity and as such are knowingly purchasing something for $X that is knowingly less than its true value.</p><p>The purchaser is buying with the intent to make a major profit, off someone else's loss.</p><p><br /></p><p>So, who loses? The seller? Not likely. the buyer who is (he believes) about to make a killing on a rare coin? Surely.</p><p>But, they had intended to rip off the seller anyway.</p><p><br /></p><p>Sorry, but a totally unknowing buyer would simply say, "hey, looks nice" and would not pay a lot of his money for something that means nothing to him.</p><p><br /></p><p>My final word on the subject.</p><p><br /></p><p>Now I have to go find a dead horse to beat.[/QUOTE]</p><p><br /></p>
[QUOTE="Treashunt, post: 2176489, member: 6763"]Mr Carr had a great point. Anyone who 'finds' one of his pieces and then believes that it is worth a lot (because of the date, design, whatever) has some knowledge about coins and coin collecting. Otherwise it would just be a coin to them. With that knowledge, they (the investor/purchaser/about to be ripped off individual) is looking to make a profit, not keep the 'rare'/unknown piece for his or her collection. With that knowledge, knowing that the 1964 D Peace dollar is a true rarity (if it does exist) he should know that it is also illegal to own. As such, they are simply placing themselves in a position where their investment may be lost in its entirety by the reclamation of the coin by the US Treasury since the piece is illegal to possess. Therefore, they have to have some knowledge of its rarity and as such are knowingly purchasing something for $X that is knowingly less than its true value. The purchaser is buying with the intent to make a major profit, off someone else's loss. So, who loses? The seller? Not likely. the buyer who is (he believes) about to make a killing on a rare coin? Surely. But, they had intended to rip off the seller anyway. Sorry, but a totally unknowing buyer would simply say, "hey, looks nice" and would not pay a lot of his money for something that means nothing to him. My final word on the subject. Now I have to go find a dead horse to beat.[/QUOTE]
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Just got the elusive 1916 Barber Half....
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