Population Reports Manipulaton

From the way you describe the coin and the holder, I would think that someone removed the coin from the holder and substituted a different coin. You I am sure could have compared the picture of the coin that you received to the one that was in the auction.

Carly1, are you sure this is from the Torex on October 2011? There was only one Torex Auction in the year 2011 and that was in June. I've purchased hundreds of coins from T.C.N.C and never had any problems.
Also T.C.N.C. is the only internet auctioneers among the top 3 that will accept refunds if not satisfied. (G.Bell auction and Charles Moore auctions do not accept refunds)

Glenn

Glenn, there was a Torex auction in October 2011. Charles Moore was the auctioneer.

Glenn: my experience with Torex or any other auctions (except this one October 2011) have gone with out any problems this all started with talk of population reports being incorrect and yes Moore was the auctioneer.
Bob

TCNC and ICCS hmmmmmmmmmmmmmmm

Link to auction: http://www.moorecoins.com/The-Octob...tion_as19787

Moore's return policy from that auction:

11. RETURN POLICIES
Mail bidders may return incorrectly described or misattributed lots for
full credit within 5 days of receipt, except that as consignors must be
paid, late remittance may be cause to negate return privileges, and
absolutely no returns can be accepted for any reason after the expiry of
35 days from the date of the sale. ALL FLOOR SALES ARE FINAL, and no
returns will be accepted from floor bidders (including those acting as
agents for others) for any reason whatsoever.

So yes, he does accept returns, but there are many conditions as to who, when and why a return can be made.

I agree SPP. The only thing I might add though is that, as a primarily online bidder, I'll usually be following an auction with a few items I plan on bidding on. Sometimes I'll notice a coin come up that I hadn't noticed before, or where the price is much lower than I would expect. I'll quickly reference the description for any remarks, and then possibly place a bid. I could see this happening on the floor as well, where someone wasn't aware of an item, or saw something was about to sell for 30% of trend, and decided to place a bid, without having seen it.

The rules are the rules, I guess, but I think it still critical that the coin be described properly. Identifying the correct denomination, year, variety, and grade (whether or not certified) for sure... any major flaws or remarks such as whether the holder is still attached, would be almost as important and should still be correct. It is most likely going to be coins with some type of issue that end up selling for a low amount, and could result in the issue I mentioned above. I still think the seller should be responsible if someone on the floor was to buy a coin advertised as a 1948 dollar in VF20, only to discover it was a typo and was supposed to be a 1949 dollar in VF20.

I agree with I would always want to see the coin in hand but if you are an internet bidder (which there seems to be more of these days)you trust that the auctioneer has supplied the best quality picture that they can to avoid there reputation from being given a bad name. I have bought many Canadian coins through internet bidding and the coins have always matched the photo except once.
Bob