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<p>[QUOTE="medoraman, post: 2350117, member: 26302"]Excellent idea actually. I have "tested" new dealers occasionally by pretending to have inherited some coins, and see what their reaction is. Unfortunately its usually not good. If they even identify a $1000 coin out of the pile, I usually get a $50-100 offer for a whole pile of coins, with a retail value of maybe $3000. I even had one dealer, when I pointed out a Bowers flip to him, asking me if this was a good dealer, tell me, "they were a bunch of crooks that got run out of the business". <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><br /></p><p>I love dealers in this hobby, and know everyone has to earn a living, but unfortunately this hobby has always been populated with numerous crooks masquerading as dealers. Best advice? Knowledge. When you are gone, it is IMPERATIVE for you to leave good instructions to your heirs on how to liquidate your collection. I have a note in my SDB telling my wife or kids which coins to send to which dealers, along with contact information. Nothing sadder than a lifelong hobby being liquidated at 2 cents on the dollar by heirs selling to a crooked dealer.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2350117, member: 26302"]Excellent idea actually. I have "tested" new dealers occasionally by pretending to have inherited some coins, and see what their reaction is. Unfortunately its usually not good. If they even identify a $1000 coin out of the pile, I usually get a $50-100 offer for a whole pile of coins, with a retail value of maybe $3000. I even had one dealer, when I pointed out a Bowers flip to him, asking me if this was a good dealer, tell me, "they were a bunch of crooks that got run out of the business". :( I love dealers in this hobby, and know everyone has to earn a living, but unfortunately this hobby has always been populated with numerous crooks masquerading as dealers. Best advice? Knowledge. When you are gone, it is IMPERATIVE for you to leave good instructions to your heirs on how to liquidate your collection. I have a note in my SDB telling my wife or kids which coins to send to which dealers, along with contact information. Nothing sadder than a lifelong hobby being liquidated at 2 cents on the dollar by heirs selling to a crooked dealer.[/QUOTE]
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