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<p>[QUOTE=&quot;tradernick, post: 30466, member: 648&quot;]Today I caught wind of a collection for sale.&nbsp; A dealer friend of mine was invited out to look at it and buy it. </p><p>My dealer friend called me to get prices so he could &quot;lay off&quot; some of the collection to me quickly at a slight profit, then keep the rest for himself.&nbsp; I get these calls from other dealers all the time...not unusual.&nbsp; Gold MS60 pcgs $10 libs that bid for $245 in the greysheet...I offered $235.&nbsp; I can get $240-$245 pretty easily.&nbsp; So he offered $225...should leave enough money for him and me both, right?&nbsp; Nope.&nbsp; The &quot;collector&quot; had paid $600 each for them.&nbsp; The coins had been purchased from telemarketers and/or the shop at home type coin crooks, all within the last 5 years.&nbsp; So this person actually got angry at the dealer that had closed his shop and driven across town to look at these coins...when in fact the fellow had simply been grossly overcharged to begin with.</p><p>Things like this are very, very bad for the hobby in general.&nbsp; Sure the &quot;collector&quot; will eventually find out the truth about how he&#039;s been had.&nbsp; But do you think he&#039;ll ever buy coins again?&nbsp; He&#039;s likely never been inside a coin shop, certainly hasn&#039;t ever been to a show.&nbsp; And in the future every time someone mentions coin collecting to him he&#039;ll probably have a few choice words to say about how coin collecting is a losing proposition for anyone that&#039;s foolish enough to try it.&nbsp; All because he never took the time to educate himself...very sad.</p><p><br /></p><p>THIS is why we need to reach out to other collectors.&nbsp; This is why we should all promote our hobby and our local coin clubs.&nbsp; With 2 sentences of friendly advice, this so called collector could have been saved a lot of heartache and a LOT of money.&nbsp; </p><p><br /></p><p>Nick[/QUOTE]</p><p><br /></p>

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