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<p>[QUOTE=&quot;mikenoodle, post: 1711610, member: 307&quot;]FWIW, thanks to all who have offered opinions. I guess I have my answer as to what CT thinks. </p><p><br /></p><p>The general consensus is that it&#039;s ethical for the dealer to &quot;cherrypick&quot; this seller, and although I don&#039;t know if I agree, I can see where you&#039;re coming from.</p><p><br /></p><p>Personally, I think it might be a better business decision to kick the seller a few extra bucks if and only IF the coin certifies as a Matte Proof Lincoln. Then again, I&#039;ve never been particularly good at running a business, so in the end, I may be the fool.</p><p><br /></p><p>Personally, I find it hard to believe that he bought the coin without first examining it. If it were a F-15, maybe, but 66 Red on a 16 Lincoln? I always want to look carefully at coins with original mint luster that are approaching 100 years old, but that&#039;s me. </p><p><br /></p><p>Since we all are wise enough to know that the grade on the holder is NOT the important detail here, but it is the actual grade of the coin that should determine the buy price, then we should also understand that in high-end uncirculated grades, and particularly in RED, a point can make a big difference dollar-wise. The only reason to <b>not</b> examine the coin is that you intentionally underbid and hope to snag a great deal.</p><p><br /></p><p>So that means that if he didn&#039;t examine the coin, he likely underbid the buy price <span style="color: red"><b>or</b> </span>he examined the coin and knew what it was before he bid. In either case, the seller loses by design and I&#039;m not sure that it&#039;s completely ethical.</p><p><br /></p><p>In fairness to the dealer, I must say that at this point, nobody knows for sure what the coin is. It is very likely that the coin is a Mint State coin and not a MPL. There were only 1050 1916-dated proofs made. Many of the business strike coins may have proof-like orange peel surfaces or even the die markers of the proof cent. The edges of the coin seem to be the best way to identify and examining them means cracking a slab that currently adds value to the coin. So what do you do? There is a risk to breaking the coin out. Maybe it won&#039;t certify with PCGS or NGC. It&#039;s hard to say.</p><p><br /></p><p>Either way, I have learned a lesson and that is not to be quick to judge. In the end, he may win big and if he decides to share that is his prerogative. He must invest resources to determine what he has and those don&#039;t come without some cost. It would be nice to think that it isn&#039;t a dog eat dog world, but it is. In the end the man has to make a living, I guess.[/QUOTE]</p><p><br /></p>

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