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 Replies: 19 / Views: 3,506 |
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Pillar of the Community
United States
1375 Posts |
I know you might get a bargain, but personally I'd never buy a raw coin off of ebay for this kind of $. Also, if the following was true Quote:
Dealer offered quite a lot on these coins.. Really wanted them. Then why start the auction at 1 cent and take the risk of selling for less than what the dealer offered? Was there a reserve for this auction? |
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Pillar of the Community
United States
3210 Posts |
If the deal is to good to be true it usually is. Obvious there are exceptions like bandsdean scoring on the 1804 bust quarter. But the odds are never in your favor.
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Bedrock of the Community
 United States
11899 Posts |
It is clever to throw in a PCGS au53 draped bust dollar worth more than $5-6k in the mix for credibility. It is a pretty tantalizing inducement. It limits the downside to about half.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Valued Member
United States
81 Posts |
I'm new to coins but not collecting in general, and something feels off here. In this auction the seller includes "Very toned" in the title, but in the listing we're talking about they state that "Some of the coins have started getting colorful. Not sure if this is a good thing." If you're not sure if it's a good thing, then why put it in the title? If I was the buyer however, I'd tell the seller that I'd pay cash in person. You can fly from most parts of the US to KS for $400-$500 and it would be well worth the cost knowing that you weren't getting ripped off. |
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Bedrock of the Community
United States
94367 Posts |
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Bedrock of the Community
13014 Posts |
Quote:
If I was the buyer however, I'd tell the seller that I'd pay cash in person. You can fly from most parts of the US to KS for $400-$500 and it would be well worth the cost knowing that you weren't getting ripped off. Paying cash in person puts you at greater risk as a buyer. If you're wrong or miss something you have no recourse to get your money back. |
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Bedrock of the Community
United States
11899 Posts |
Quote:
If the deal is to good to be true it usually is. Obvious there are exceptions like bandsdean scoring on the 1804 bust quarter. But the odds are never in your favor. But how would you feel if that 1804 quarter was offered to you first and said no because you didn't like the situation and then saw bandsdean make a wheelbarrow full of money by taking the risk you didn't take? That would hurt in my opinion. There is risk if you do it and risk if you don't do it. Risk of walking away from a treasure voluntarily is small as you say. C'est la vie. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
11/20/2017 5:14 pm
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Bedrock of the Community
United States
11899 Posts |
Quote:
If I was the buyer however, I'd tell the seller that I'd pay cash in person. You can fly from most parts of the US to KS for $400-$500 and it would be well worth the cost knowing that you weren't getting ripped off. I would also add that if you were dealing with bad people, you may be walking into a robbery in person rather than a long distance robbery. I might prefer the option without the possibility of physical harm. You can never know these days. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
10982 Posts |
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Pillar of the Community
United States
4469 Posts |
My gut is that this is a high end scam. The biggest issue is the photos on the raw 1800 dollar have glare or hot spots. The seller was able to photograph the coin in plastic without glare and we all know plastic holders are more difficult to photograph.
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Pillar of the Community
United States
3479 Posts |
Quote:But seriously, it looks like the AU53 piece was added to "Daddy's" estate quite recently: http://images.goldbergauctions.com/.e=1&lot=1247 Nice detective work, BH! Overland Park is only 20 minutes away from my place. There have been a few public service announcements on our local craigslist page about folks selling fake gold bars. Although the dollar looks real it sure smell fishy. |
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Bedrock of the Community
United States
12057 Posts |
I agree with the consensus that this is a seller running a problem-coin/crackout details coin scam with the inclusion of a legit PCGS coin as "bait" to make people think the raw coins will be of similar quality. Case in point: if "Dad" sent his 1799 to PCGS, why the heck wouldn't he send all the REST of his high-end coins to PCGS? Or if you had inherited all of these coins, why would YOU send only ONE for grading? Buyer beware, indeed...I've gotten to the point where I will not bid on ANY raw coins that exceed 100 bucks unless I know the seller EXTREMELY well. Too many scammers, too many liars, and too much hassle. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
655 Posts |
Just curious for the future. Has anybody ever needed to avail ebay of its return policy and been successful? I tried once and was unsuccessful. It was a part for a motor vehicle that "had been tested" but didn't work. Seller told me too bad. Wasn't just the $75 but paying a mechanic to install it. |
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Pillar of the Community
United States
1186 Posts |
It seems strange that the non-graded coin has all of the glare in the photo.
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CCF Advertiser
United States
1533 Posts |
Yes, I once had a seller ignore me when I tried to exercise my return privilege, got ebay involved and they allowed the return and gave me the money from his account. |
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Replies: 19 / Views: 3,506 |
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Posted 11/20/2017 3:38 pm
