DCohen
Huntington Beach,#2General Comment
Mon, March 13, 2017
As a stamp dealer, I have dealt with both Stephen Pattillo and Edward Younger Co and can say my dealings with them have always been very honest, and upfront which is not true for all stamp dealers. As with any industry, there are bad apples and stamp dealers are no exception. However both Mr. Pattillo and Edward Younger are true standouts in the stamp community.
I understand the frustration of the seller of collection, however, the seller has to also understand that buying collections is extremely risky. Stamp collections are often over-apprasied by their owners. There are numerous fakes, and condition is what really drives the price. Stamp dealers have to be able to turn around and make some money off their purchases. The price something sells at auction is nowhere near the price a dealer can pay for it. Plus, I am sure the auction house took a healthy commission from this sale upwards to 30%. Not to mention paying income taxes from the proceeds.
As far as the behavior experienced when the seller refused to sell a part of the collection to cover their transportation costs, I was not there and cannot comment. However, this behavior seems way out of character for the gentleman I know.
It is a common misconception that all dealers are theives and take advantage of buyers. Any business that buys from the public has to make at least double to make it profitable. So, the offers made by Edward Younger and Mr. Pattillo were in-line with normal buisness practices.
Jane
Weston,#3General Comment
Thu, January 22, 2015
I am interested in hearing the names of the auction companies that did a good job. Is there any way I can get that from the person who posted originally?
Not Given
Victorville,#4Consumer Comment
Tue, June 12, 2012
This is happening to me too, at this moment! I plan to fight back. If you want to contact me, you can find jvsgal at an email on gmail and I'll let you know what I know.