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Sad story from Albany dealer today
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<p>[QUOTE="Owle, post: 1784067, member: 22004"]He said that the account had been closed out. Gold coins attract some of the biggest swindlers because they are easy to convert into money. In her case my guess is that she looked around for a cash buyer, no need to get in trouble twice with the same coin by selling the coin with ID required. He said he wrote a nice letter to her to please do the right thing, and it came back undelivered from her supposed address.</p><p> </p><p>The story behind this $20 gold coin was equally frustrating for this former high school teacher; he bought it expecting it to grade MS62 or 63; he sends it through on a high grading tier, I think he said walkthrough to get the best shot. It comes back altered surfaces. At that point he felt like they had robbed him of a proper high grade and valuation. So he has it in his case for at least two years at various shows. So she is willing to pay his $2000 or so, check was for $1700; but end result is he gets only $300 for it, a lot of aggravation.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1784067, member: 22004"]He said that the account had been closed out. Gold coins attract some of the biggest swindlers because they are easy to convert into money. In her case my guess is that she looked around for a cash buyer, no need to get in trouble twice with the same coin by selling the coin with ID required. He said he wrote a nice letter to her to please do the right thing, and it came back undelivered from her supposed address. The story behind this $20 gold coin was equally frustrating for this former high school teacher; he bought it expecting it to grade MS62 or 63; he sends it through on a high grading tier, I think he said walkthrough to get the best shot. It comes back altered surfaces. At that point he felt like they had robbed him of a proper high grade and valuation. So he has it in his case for at least two years at various shows. So she is willing to pay his $2000 or so, check was for $1700; but end result is he gets only $300 for it, a lot of aggravation.[/QUOTE]
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