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 Replies: 31 / Views: 4,091 |
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Pillar of the Community
 United States
1911 Posts |
Ah I see that is a good point about the similar toning! Thanks!
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Pillar of the Community
United States
3843 Posts |
Local coin auctions concern me since most auctioneers don't have the expertise to spot fakes and even if they could spot them they may not do anything since it affects their bottom line. A sleazy consigner could order a bunch of junk from China and then sprinkle them into a consignment sale with a low risk of detection.
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Rest in Peace
United States
10625 Posts |
If you plan on attending this live auction it may be entertaining to call them out as fakes in front of everyone.  |
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Pillar of the Community
United States
1911 Posts |
Dave, I was wondering about that. If I were to know that a coin was a fake, what would be proper auction etiquette? Do I just not say anything and let others buy it? Privately talk to the auctioneer?
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Pillar of the Community
United States
7390 Posts |
I did that once at a coin/gun/antiques auction. It wasn't a coin but rather a ww2 German luftwaffe pilots knife. A little research told me it and all like them were fakes. I mentioned it while looking at it with other bidders around me and the auction co owner behind the counter. Needless to say he was mad, not at the possibility but at me for bringing it up so if you like the auction and want to attend again without sly looks and no deals keep quiet. It's not your job to be that guy and not in YOUR best interest
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Pillar of the Community
 United States
1949 Posts |
Quote:
Dave, I was wondering about that. If I were to know that a coin was a fake, what would be proper auction etiquette? Do I just not say anything and let others buy it? Privately talk to the auctioneer? I attended a local auction once, and there was a large lot of terrible modern Chinese counterfeits of Canadian and Newfoundland pieces... I went to talk to the owner of the venue/auctioneer privately, and he berated me about how I didn't know anything and how he had been in the field for 30 years, ect., ect... Needless to say, I left that place quickly and haven't been back, but it always did bother me that I'm sure someone scooped those up, more than likely thinking they got a great deal! |
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Pillar of the Community
United States
1911 Posts |
Well the auction was pretty good for the most part. Got 10 Morgans/peace dollars for $20 each, $55 for 20 silver AU-BU 1964 quarters, and a 1922 Philippines 2 pesos bill for $2. Not too shabby, but some lots went for crazy amounts. One guy bought 15 Walking Liberty halves (40s) for $40 each O.o gold pieces went for $700 when you can find them half that price on ebay. People bought the trade and Seated dollars for about $200 each unfortunately |
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Bedrock of the Community
United States
17884 Posts |
But what did the two coins in question sell for?
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Pillar of the Community
United States
3182 Posts |
Conder101, I believe he said in his message they went for around $200 each
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New Member
United States
30 Posts |
Wow! The 1846 is fake? Clearly I have a lot to learn. In the meantime, maybe I should stay away from raw dollar coins.
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Pillar of the Community
United States
1911 Posts |
Yeah at least anything older than a Morgan dollar and even then there are fakes of those too... just gotta learn what to look for and/or buy coins that are certified by a TPG. For the older coins I will probably have to buy them certified and then crack em out for my 7070. Another painful moment was watching people pay $30 for 10 "German Silver" 1oz bars... Sad for them. |
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Pillar of the Community
United States
3843 Posts |
Quote:
Another painful moment was watching people pay $30 for 10 "German Silver" 1oz bars... Sad for them. Ouch  I wonder what would have happened if you would have told the auctioneer. Would he have done something or would have told you to pound sand? I suspect it would have been the latter. I'm on friendly terms with a few of the auctioneers in my area and they have listened to me when I told them that some coins and a piece of confederate currency were replicas. However another local auctioneer insisted that Susan B. Anthony's were silver dollars even after I pulled up their specs online to show him that they had no silver content. They ended up selling for $17 dollars apiece to an elderly bidder. |
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Pillar of the Community
United States
1911 Posts |
Yeah I am unsure what would have happened, that and my lack of experience at auctions (I have only been to about four so far total, getting there) I figured to just keep quiet about them and not bid. Maybe if I go to more of that auctioneer's auctions and get to know them better than if it happens again I could try.
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Pillar of the Community
United States
1788 Posts |
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Pillar of the Community
United States
1911 Posts |
Well it was just the fact that Trade dollars are one of the most faked out there and with the Seated dollar being fake, they wouldn't risk the Trade dollar either. I didn't and I hope for that person it isn't fake |
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Replies: 31 / Views: 4,091 |
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Posted 11/28/2015 11:48 pm
