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Beware of criminal coin dealers (Part II)

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CaptBrian

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I have returned from vacation and here is where it stands.

I will still not mention names, as we (the dealer in question) and I had another conversation on the phone regarding the transaction in question and it is not resolved as yet. The fellow on the selling end has left it with, I will get back to you. again. That is fine, I have documented the situation and time is on my side. I simply told him that I want my money back or I will take steps. I outlined some of my abilities to plead my case in print before being all legal about it. To answer a question on one of the replies, the dealer in question is in Texas. I will not be more specific just yet. But I will tell you what happened. I was at the F.U.N Show in Orlando last January and met a dealer who took my name and had called me a number of times touting his wares, and none enamoured me until he held in front of me [verbally] two St. Gaudens from the Wells Fargo Hoard. Now it may appear that perhaps I should have known about this, but as I am not a professional, dealer nor expert, and quite frankly, as I just retired last October, I have not had a lot of time to transition [knowledge-wise] from my bullion hoarding for years to a numimatist. I have focused on collectibles for less than a year. (By now JUST barely a year)

The salesman wanted me to buy two coins, $20 St. Gaudens from the Well Fargo Hoard. Well, trusting me, I took his word as he was apparently from a reputable dealer, took the coins, and intended to offer them as such at the F.U.N. Show in Orlando in January of next year, (2014). In bragging to another dealer what good deal I made, he offered me a little more than I paid, and being that I am not collecting those, made a deal. I got the coins, paid by cashiers check, and shipped them on to my guy and the bird hit the windshield. They were not from the Wells Fargo Hoard, one was even holdered by PCGS, and not pedigreed as they should have been. The guy never told me that WF hoard coins are pedigreed, and should be so marked. He just sent me two generic coins and marketed them to a fool as WF coins. Well, after all the smoke and mirrors (his rhetoric is legend) the facts are I paid about $2500 more than the generic coins would be worth. Anyway, I am trying to unwind the deal, and he is putting up quite a squawk, saying I should have known, and I have only 5 days to not like the coins(not true, I have/had 30). He knew I was heading out on vacation and would be put in a time warp. Well he also said that the coins were WF and someone cracked them out attempting to get a better grade, and so on. He also said, NGC would be willing to reholder them as WF hoard. Not so, I talked over an hour with NGC about that. NO WAY. Today he is willing to take them back on consignment and see what he can do. I stuck to my guns and simply said, Let's just unwind the deal like gentlemen, or send me a check for $2500. Well, he kept up the fancy rhetoric, covering ground again and again hoping I may get tired or brainwashed and cave in. Well, pilgrim, I aint been known [up to now] as one who caves in. Only way to lose is to quit, especially when I know I am right. So, that is where it is at as of today. Perhaps a bit closer. I will continue to play my cards close to my chest, so if he relents, I will give him a pass on letting the public know what he is. If he fails to meet my simple arrangement and agreement, I will shout it from the rooftops AND with officials. He keeps going back to me not using my time to return coins,(not up yet) and I should have known. And a few etc's.

Stay tuned, it is not over by a long ways.

Capt. Brian

P.S. I ask all of you: Are these WF coins or not?

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