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<p>[QUOTE=&quot;19Lyds, post: 1329550, member: 15929&quot;]A close friend (who knew that I knew something about coins) needed some money and took a $5.00 gold piece to a coin dealer in her town without asking me first. The coin had been in a jewelry bezel and had been given to her by her late father. It was ungradeable but she made the mistake of mentioning its &quot;collectibility&quot; due to her sentimental connection and the age of the coin, totally ignoring the bullion value.</p><p><br /></p><p>The dealer had her figured out and convinced her that since the coin was damaged, it wasn&#039;t gradeable and therefore not collectible. He took it off her hands for $200.</p><p><br /></p><p>Once I told her that the gold value alone was over $350, she felt scammed but at that point there was nothing which could be done.</p><p><br /></p><p>I&#039;m not saying that coin dealers are scammers but I am saying that folks need to do just a small bit of research before letting go of their coins.[/QUOTE]</p><p><br /></p>

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