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Did Someone Just Get The Steal Of The Year?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 18 / Views: 3,221Next Topic Page 2 of 2
Bedrock of the Community
United States
36777 Posts
 Posted 07/15/2012  12:51 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
WHAT I HAVE HERE IS AN UNKNOWN COIN TO ME I BOUGHT A STORAGE UNIT AN IT WAS IN A BOOK I DONT KNOW ANYTHING ABOUT IT I WAS JUST ADVISED TO PUT IT ON EBAY . AS I DO WITH MUCH OF MY STORAGE STUFF ON THE FRONT OF THE COIN IT HAS A MUSKRAT ON A LOG HAS THESE LETTERS K.M.I.R.C.S ON THE BOTTOM SAYS O.T 1849 THE BACK OF THE COIN SAYS OREGON EXCHANGE COMPANY 10.D. 20.G. NATIVE GOLD TEN.D ... HAPPY BIDDING

I'm still a bit skeptical of this sale and what he says in the listing. The majority of people that buy storage lockers do it as a business. Anything they find that they are unaware of, they usually go to an expert to find out what it is worth. I would think this guy would want to get the maximum he could for it, so to do that he would take it to a coin expert to find out the true value. Maybe he found out it was phony and it was suggested that he play dumb and toss it up on ebay and let others figure out if it was real or not.

Valued Member
United States
275 Posts
 Posted 07/15/2012  1:20 pm  Show Profile   Bookmark this reply Add Mechman to your friends list
Brass or bronze. Look at the main photo when have you seen gold get that kind of patina? A little brasso and voila! It's GOLD! I don't think so. IMHO
Pillar of the Community
United States
2254 Posts
 Posted 07/15/2012  2:22 pm  Show Profile   Bookmark this reply Add tights24 to your friends list
Yup, I read the listing, and it's definitely suspect. Let me be clear, I would absolutely ask for more photos and try to catch the seller in a lie prior to buying something like this. It is certainly phishy and it's not like I have money lying around to throw away. However, if everything panned out and it seemed legitimate from my "spidey sense", it may have been worth the leap of faith.
Moderator
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United States
23522 Posts
 Posted 07/15/2012  3:27 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
Heh. Slim, and none, and Slim left town.
Bedrock of the Community
United States
36777 Posts
 Posted 07/15/2012  3:35 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
If we were pooling our money to buy into this piece, put me down for 50c.
Pillar of the Community
United States
1208 Posts
 Posted 07/15/2012  4:54 pm  Show Profile   Bookmark this reply Add ratio411 to your friends list
No. Gold doesn't tarnish...
Pillar of the Community
United States
1208 Posts
 Posted 07/15/2012  5:00 pm  Show Profile   Bookmark this reply Add ratio411 to your friends list
Check his feedback dated March 11, 2012.
He has sold this coin before. Probably got it back when it was found to be fake.
Either that, or he has a supply of them and is putting them out slowly.
http://feedback.ebay.com/ws/eBayISA...backAsSeller
Bedrock of the Community
United States
36777 Posts
 Posted 07/15/2012  5:04 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list

Quote:
Check his feedback dated March 11, 2012.
He has sold this coin before. Probably got it back when it was found to be fake.
Either that, or he has a supply of them and is putting them out slowly.
http://feedback.ebay.com/ws/eBayISA...backAsSeller


Looks like he doubled the amount he made this time. Sooner or later it will stick and someone will keep it.
Pillar of the Community
United States
1208 Posts
 Posted 07/15/2012  5:10 pm  Show Profile   Bookmark this reply Add ratio411 to your friends list
Just out of curiousity, I asked the March buyer if his coin was real, or
if he sent it back and the new sale is of the same coin. If he is selling
the same coin, then he knows much more than he claims.
Pillar of the Community
United States
652 Posts
 Posted 07/15/2012  6:02 pm  Show Profile   Bookmark this reply Add mackwork to your friends list
IMHO it's gotta be a fake. A quick Google search brings up lots of information - it says the coin is basically priceless - I can't believe the seller couldn't have determined this himself.

http://www.coinquest.com/cgi-bin/cq...ain_ct_id=88

http://americanhistory.si.edu/coins...incode=4_05A
Bedrock of the Community
United States
20753 Posts
 Posted 07/16/2012  10:49 am  Show Profile   Bookmark this reply Add just carl to your friends list
I just never believe those typical statements such as:
I know nothing about coins or
I don't know what this coin is but or
Unsearched, found in basement, etc.
I've always wondered if there is a book out there somewhere with typical phony statements to be used on ebay.

Quote:
No. Gold doesn't tarnish...

Yes it does. Also, it does react with numerous other substances.
Pillar of the Community
United States
2815 Posts
 Posted 07/16/2012  1:06 pm  Show Profile   Bookmark this reply Add Darth Morgan to your friends list
BUT pure gold does NOT tarnish nor oxidize. That being said, the metals it is alloyed with, whether it be copper, silver, tin or nickel, WILL tarnish and/or oxidize. So, if it is not pure gold you can see these effects. But it is only caused by the other "impure" metals that are present.
Pillar of the Community
United States
652 Posts
 Posted 07/16/2012  3:34 pm  Show Profile   Bookmark this reply Add mackwork to your friends list
The listing was removed by ebay - it must have been reported and then confirmed as fake.
Pillar of the Community
United States
1208 Posts
 Posted 07/24/2012  02:26 am  Show Profile   Bookmark this reply Add ratio411 to your friends list
Update: The buyer of the first coin contacted me and confirmed it was not gold.
He apparently did not return the coin.
Pillar of the Community
United States
3253 Posts
 Posted 07/24/2012  09:36 am  Show Profile   Bookmark this reply Add philadelphian to your friends list
So he had at least two. So much for the serendipitous find in a storage locker.
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