Ebay - Am I Missing Something?

hibernianscribe, do you want ebay telling you how much you're allowed to ask for things?

Coins that look this nice will sell at anything less than $100. Above that it may take some time, but it wouldn't surprise me in the least. Not when I see what "monster" Morgans sell for. I always say don't overpay for color. Its a $10 coin to me, but I will never own it.

I think it was Robert Heinlein who wrote: "One man's meat is another man's poisson."

Well, quite a few varied responses. I go with alganbagerap in that such toning appears suspect - I've never tried it but I understand that enclosing a coin with hard-boiled egg can produce toning and a good hot blast with a blow torch might also have a similar effect in causing visual oxidation!

Regarding Pacificoin's adage "Never Criticize until you actually Realize !" - in sixty-odd years of collecting I've never heard that before but on reading it now, I wholeheartedly agree, and that is exactly what I have done regarding this overpriced, exceedingly common coin, whether "toned" or not, I realised its asking price was exceptionally excessive and I criticised - end of story!

Regarding me wishing that ebay tell sellers how much to charge as bobby131313 asks, no of course not - as I said in my original post, "Unfortunately it seems there's not much we can do about this". Such things are flaws in online auctions that we must put up with. The fact that they do undermine the hobby that we all love is regrettable and I feel wholly justified in venting my irritation although perhaps my post merited just one or two red 'frownies' and not three, since I have moved on from this and have lost no sleep over it.

Frank

A couple of thoughts...




I absolutely agree with NGC in this being original toning... My guess would be this coin spent many years in some sort of felt lined presentation box... Coins that have been altered to produce artificial toning do not look anything like this, and most are quite obvious... There are several sites which show studies in color progression in regards to toning, and these are well worth looking into...




You assert this as a 'Fact' but is simply is not. Anyone is certainly justified in having an opinion on what they find ascetically pleasing, or what they find interesting. Just because it is your opinion that find the market for toners to be high, does not even remotely correlate to 'undermining the hobby we all love'. Believe me, there are many segments of the numismatic hobby I have no interest in, nor can I really understand the appeal of, but the last thing I would argue is that these segments are undermining the hobby; I would actually argue quite the opposite, that a healthy hobby is diverse in scope!

Just because it is in an NGC holder doesn't mean that it is what it says on the tin either Pacificoin, there is a flip side to every argument.
The true reality is that you seem to think that an NGC MS66 Star Holder means something to people who don't care about TPG's. I am not having a dig Pacificoin, just being honest.
If you trust them that's your choice but the vast majority this side of the pond don't and the first thing we would do is open it up to inspect the coin, therefore rendering the grading and encapsulation pointless.
TPG's are a blood sucking entity that is to the detriment of the collecting world, I criticize them because I have realized that they have no purpose in the numismatic world.
The main factor here though is what is being sold, a low value coin in the UK that may not be readily available in the USA which has now been graded and encapsulated by some TPG company and now has a fantastical price.
Another story of " buy the coin, not the holder " in this case you can save yourself over £200

Don't know who said it but " a fool and his money are easily parted " seems quite appropriate.

Please explain what exactly constitutes "over pricing" of any commodity. Also as to third party grading , indeed a "Tale Of Two Cities " so to speak. In Europe ( I travel to and buy extensively ) third party grading is no where near as accepted or in common use in the coin markets of say The UK or Germany. It is well over 80 per cent raw coins.
In North America especially the USA and to a lesser extent Canada , one would get eaten alive selling raw coins. Third party coin grading is a widely accepted part of the coin market. Simply put if the coin is not slabbed in the North American market , you WILL NOT get the best price for your better coins. That is a Market fact.
Let me ask this to our European friends who DO not slab coins...............Why do you think so many knowledgeable North American dealers frequent the London Coin Fair, the Fairs in Birmingham and the continental coin fairs?
If you do not get your better stuff slabbed you are leaving way too much on the table!