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W.K.F.'s Journal

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"SHOUT OUT" TO THE POSITIVE!!!

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W.K.F.

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"Forgot to give credit where credit was due"...

I posted a journal yesterday that several people read and some could relate to, but in the "heat" of the moment I neglected to close on a more positive note. After reading the two front page articles in the Dec. 17th Coin World I had to put the mag. down I was so upset thinking about how many nice "Graded & Slabbed" coins are for sale and my imagination started to run wondering how many were bought by dealers for pennies on the dollar and were now for sale for hundreds if not thousands of dollars. Thinking about the folks who brought them in to their local coin dealer to sell and were "ripped" off royally. As one who responded and "correctly so" most dealers will spend alot of time with "customers" who they want to return. But then their are those who do not know coins and have something to "sell", the time spent with them is more than likely just enough to purchase what they came in with for the least amount posible. This I have seen personally and some dealers even have the nerve to brag about what a great deal they got buying coins from a "little old lady" who did not realize what she had. There are shops like that in the city where I live. Needless to say I do no selling and little if any buying with them at all. On a more positive note, there is a medium size shop that "I DO" do business with. These guys and gals are as honest as the day is long and I have been known to go in, spend several hundred dollars and "hang out" for half a day. Really great people to do business with. I want to close by giving "MEGA KUDO'S to the "HONEST DEALER" Mike Joyce of Gulfcoast Coin and Jewelry. This fellow was honest & upfront with the guy who came in with the four 1852 C mint state $5 gold half eagles who others had tried to purchase for $200 each. Look at what has happened because he was honest. He has the pleasure and the monetary good fortune to be the one who auctions three out of the four along with anouther $5 gold 1850-D in AU. Tell me now, is'nt honesty the best policy. "What goes around comes around". My imagination is "running away with me" again, I wonder what happened to the other 1852-C? there is a "MS 64" that either the owner of the others decided to keep or do you think that because Mike was a "straght shooter" he purchased the fourth coin in a deal that was good for him as well as the seller. I would like to think "the latter" on that one... Any other comments out there? P.S. See Mike's ad on page 38 of the same issue of Coin World.

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