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<p>[QUOTE="IdesOfMarch01, post: 2998796, member: 39084"]My thoughts about this exchange tend to mirror most of the other comments posted here:</p><p><br /></p><p>1. The coin sold for close to $100K (if you include buyer's fees) in 2014; why would your friend sell it for $60K worth of butterflies? Surely he can research this coin's value on the Internet.</p><p><br /></p><p>2. NAC's auction description doesn't list the alleged 2002 Sotheby's sale at which your friend purchased it; why not?</p><p><br /></p><p>3. If it was sold in 2014 (the coin you picture above is clearly the same coin that was sold in the 2014 NAC auction), why does your friend still own it?</p><p><br /></p><p>While I have purchased coins from individuals, I ALWAYS do it through my dealer who can verify the coin's authenticity and provenance. </p><p><br /></p><p>My advice is to find a knowledgeable and honest dealer, have him physically present for the transaction, and pay him a 3% - 5% fee for his expertise.[/QUOTE]</p><p><br /></p>
[QUOTE="IdesOfMarch01, post: 2998796, member: 39084"]My thoughts about this exchange tend to mirror most of the other comments posted here: 1. The coin sold for close to $100K (if you include buyer's fees) in 2014; why would your friend sell it for $60K worth of butterflies? Surely he can research this coin's value on the Internet. 2. NAC's auction description doesn't list the alleged 2002 Sotheby's sale at which your friend purchased it; why not? 3. If it was sold in 2014 (the coin you picture above is clearly the same coin that was sold in the 2014 NAC auction), why does your friend still own it? While I have purchased coins from individuals, I ALWAYS do it through my dealer who can verify the coin's authenticity and provenance. My advice is to find a knowledgeable and honest dealer, have him physically present for the transaction, and pay him a 3% - 5% fee for his expertise.[/QUOTE]
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Need some sage advice....
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