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<p>[QUOTE="frech001, post: 2350031, member: 20616"]I had a similar experience in a coin shop. I observed an elderly lady bring in several boxes of coins in holders from her late husband's collection. She had several hundred Indian head cents in 2x2s along with many other coins including some gold and silver. The dealer paid her melt price for the gold and silver and 10 cents apiece for the Indian Head cents without really even looking at them. After she left, I asked to look through the IHCs and found one I wanted. There were quite a few nice higher value and key date pennies in the lot. The dealer took out his coin price list and offered it to me for $75.00. I told him that he just paid 10 cents for it and offered him half his asking price, which he sheepishly accepted. If I had been better informed about coin dealer laws at the time I would have contacted the authorities. This kind of dishonesty and greed is what is destroying our hobby, and for that matter our society. I've examined and cataloged several collections for people and priced them based on current NGC and eBay listings, given the inventory to the sellers with prices and suggested they could take them to a dealer with this information and bargain. If more of us helped others in this way I think it would help the hobby. You might also have an opportunity to pick up some nice coins for a fair price.[/QUOTE]</p><p><br /></p>
[QUOTE="frech001, post: 2350031, member: 20616"]I had a similar experience in a coin shop. I observed an elderly lady bring in several boxes of coins in holders from her late husband's collection. She had several hundred Indian head cents in 2x2s along with many other coins including some gold and silver. The dealer paid her melt price for the gold and silver and 10 cents apiece for the Indian Head cents without really even looking at them. After she left, I asked to look through the IHCs and found one I wanted. There were quite a few nice higher value and key date pennies in the lot. The dealer took out his coin price list and offered it to me for $75.00. I told him that he just paid 10 cents for it and offered him half his asking price, which he sheepishly accepted. If I had been better informed about coin dealer laws at the time I would have contacted the authorities. This kind of dishonesty and greed is what is destroying our hobby, and for that matter our society. I've examined and cataloged several collections for people and priced them based on current NGC and eBay listings, given the inventory to the sellers with prices and suggested they could take them to a dealer with this information and bargain. If more of us helped others in this way I think it would help the hobby. You might also have an opportunity to pick up some nice coins for a fair price.[/QUOTE]
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