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The price you were offered--60% of what you paid--is a normal re-buy price. He has to resell it to make money. The behavior is inexcusable, but, in my opinion, normal for this business.

Years ago I did a little business with a guy named Tom Becker, in Laconia, NH. You can Google his name to get his email address. I don't think he does a lot of buying and selling any more...

He published a series of short articles about coin collecting in general and about particular series. I kept all of them as they were a gold mine of information about coins, insights about human behavior, and revelations about dealer behavior. I don't know if he ever published a book collecting all of them.

These pieces are by far the best pieces I have ever read about coin collecting and collecting in general. (Well, I just finished reading "An Object of Beauty" by Steve Martin, a very revealing novel about art collecting. It is set in the period 1990-present, in Manhattan).

You can try to find the below, as a starter..

Becker, Tom.
Confessions of a coin dealer.
Becker and Kuehnert, Laconia, 1991.

Good luck,
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