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<p>[QUOTE="windwalker, post: 1708006, member: 38923"]About a couple of weeks ago I purchased a coin from a good friend who sold me the coin in good faith. I looked the coin over (fairly well I thought) and agreed upon a fair and inexpensive price. What we both thought the transaction was a legitimate untampered error coin. We both looked the coin over with a 5x glass and we both thought that it was what it purported to be. An error coin that was struck multiple times while in the production phase at the mint.</p><p><br /></p><p>I was so happy with the transaction that I thought that I'd go and discuss it with two seperate dealers to get their impression of it. Dealer #1 thought that it was what both my friend and I thought it was and even said that it was worth sending it in to a TPG for grading and verification. Dealer #2 took one look at the coin and said that it wasn't what we thought it was and when told what Dealer #1 said told me that at best it would come back labeled as "environmental damage". Not know what that term meant I asked him to explain it to me and explain how it could happen.</p><p><br /></p><p>Well when I got home I looked at the coin again with a 5x glass and still could not see what Dealer #2 could see with the naked eye. So not owning a digital camera went out and bought a fairly good one and snapped a couple of pictures. A couple of days later my friend came over to hear what these dealers had to say. Then I downloaded my coin pictures onto my computer (with his help) and there 5" x 5" glory spelled out for both of was the blatant images that neither of us could see with a 5x glass yet Dealer #2 saw immediately and Dealer #1 totally missed.</p><p><br /></p><p>Someone had taken a two coins and placed them in a vice and squeezed and then repositioned them again and resqueezed them again. It was until we expanded the digital pictures that we could see for ourselves the foolishness of what we originally thought was a find and a treasure.</p><p><br /></p><p>Needless to say both of us have a respect for dealer #2 and a jaundiced eye for Dealer #1.</p><p><br /></p><p>I'm glad that I didn't run this coin out to the TPG or the lesson would have been more expensive. The best part of this lesson is that I now have a very good digital camera when I probably could have gotten by with a slightly less expensive camera. Both of us had a good laugh over the whole thing.[/QUOTE]</p><p><br /></p>
[QUOTE="windwalker, post: 1708006, member: 38923"]About a couple of weeks ago I purchased a coin from a good friend who sold me the coin in good faith. I looked the coin over (fairly well I thought) and agreed upon a fair and inexpensive price. What we both thought the transaction was a legitimate untampered error coin. We both looked the coin over with a 5x glass and we both thought that it was what it purported to be. An error coin that was struck multiple times while in the production phase at the mint. I was so happy with the transaction that I thought that I'd go and discuss it with two seperate dealers to get their impression of it. Dealer #1 thought that it was what both my friend and I thought it was and even said that it was worth sending it in to a TPG for grading and verification. Dealer #2 took one look at the coin and said that it wasn't what we thought it was and when told what Dealer #1 said told me that at best it would come back labeled as "environmental damage". Not know what that term meant I asked him to explain it to me and explain how it could happen. Well when I got home I looked at the coin again with a 5x glass and still could not see what Dealer #2 could see with the naked eye. So not owning a digital camera went out and bought a fairly good one and snapped a couple of pictures. A couple of days later my friend came over to hear what these dealers had to say. Then I downloaded my coin pictures onto my computer (with his help) and there 5" x 5" glory spelled out for both of was the blatant images that neither of us could see with a 5x glass yet Dealer #2 saw immediately and Dealer #1 totally missed. Someone had taken a two coins and placed them in a vice and squeezed and then repositioned them again and resqueezed them again. It was until we expanded the digital pictures that we could see for ourselves the foolishness of what we originally thought was a find and a treasure. Needless to say both of us have a respect for dealer #2 and a jaundiced eye for Dealer #1. I'm glad that I didn't run this coin out to the TPG or the lesson would have been more expensive. The best part of this lesson is that I now have a very good digital camera when I probably could have gotten by with a slightly less expensive camera. Both of us had a good laugh over the whole thing.[/QUOTE]
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Most Costliest Inexpensive Worthless Lesson Learned
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