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<p>[QUOTE="medoraman, post: 2350011, member: 26302"]I would have called the police. In many jurisdictions this is felony theft. A dealer has a higher responsibility than a collector. If they knowing scam an unsuspecting member of the public like that, (paying $10 for a $50,000 coin), its classified as felony theft and he can lose his business license, face civil fines and criminal penalties.</p><p><br /></p><p>When I was young, I was in a coin store when the local police detective came in. He wanted to run a sting on "gold buyers". I volunteered to go in. I went in with a bunch of common morgans and a VG 1893 S. I got them all arrested when they only offered me common morgan prices when clearly they looked long and hard at the 1893 S and knew what it was.</p><p><br /></p><p>Hey, I get how hard it is for dealers. THey have to deal with the stupid public who think every coin is valuable, watch for fakes, and make a living. However, paying .02 percent of what a coin is worth is not business, its a felony in most places.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2350011, member: 26302"]I would have called the police. In many jurisdictions this is felony theft. A dealer has a higher responsibility than a collector. If they knowing scam an unsuspecting member of the public like that, (paying $10 for a $50,000 coin), its classified as felony theft and he can lose his business license, face civil fines and criminal penalties. When I was young, I was in a coin store when the local police detective came in. He wanted to run a sting on "gold buyers". I volunteered to go in. I went in with a bunch of common morgans and a VG 1893 S. I got them all arrested when they only offered me common morgan prices when clearly they looked long and hard at the 1893 S and knew what it was. Hey, I get how hard it is for dealers. THey have to deal with the stupid public who think every coin is valuable, watch for fakes, and make a living. However, paying .02 percent of what a coin is worth is not business, its a felony in most places.[/QUOTE]
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