| Author |
 Replies: 43 / Views: 4,370 |
Page 3 of 3
|
|
|
|
Pillar of the Community
United States
2023 Posts |
 with paralyse, with the caveat that occasionally (rarely) TPGs do make a mistake. In this case, I'd think it would behoove the seller (and therefore the buyer) to try to have the coin re-slabbed with the proper designation. That alone would ensure he got the right/higher price for a properly labeled coin. In the absence of that, the buyer paid too much and would have a hard time selling the coin at the higher price because then it's only their opinion (which is almost certainly less reputable than the seller's) and this seller is now out of the picture completely. Would this buyer be able to convince a TPG that they have a matte proof? Not likely. Edited by Alpha2814
01/06/2019 01:14 am
|
|
Pillar of the Community
United States
7628 Posts |
Quote:
If you buy bulk from him hes really good at rates. I buy dateless buffalos for 20 cents a piece and he sells bars at tiny premiums. .20 cents each for dateless buffalos? Ouch! |
|
Pillar of the Community
United States
533 Posts |
I collect DMPL Morgan's graddd as such by PCGS. To me to list a coin as DMPL when it doesn't have that grade is fraudulent even if the coin wasn't graded correctly. Yes one should always buy the coin and not the slab but when listing you should list the grade on the slab not the grade you would like it to be
One of the points of buying certified coins is photos can be altered but certification can't. To me the seller is trying to trick buyers into buying at DMPL price a non DMPL coin
|
|
Bedrock of the Community
13014 Posts |
It's one thing to just go ahead and try and sell a coin you disagree with if it isn't worth the resubmission fee because the value is so low such as a FB or not common mid grade Merc, but with coins with thousands of dollar differences every incentive is to resubmit even a couple times if necessary.
In the case of large price jumps buyers should just tell them that they would be more than happy to pay the asking price once the coin is in the proper slab. As mentioned the TPGs only very rarely make big mistakes and almost never when you're talking about coins that have been submitted multiple times or to multiple companies.
It's a huge red flag from any seller when large chunks of inventory are supposedly undergraded or wrong ect, especially when they never underprice something saying it was overgraded.
Just because a national dealer or a TV show can get a certain price for things does not mean the average Joe can and that is something that does need to be considered when forking over a large premium for something the label does not support.
As far as PL/DMPL coins and pictures I do agree that it is one of the easier things to "enhance" the look of with pictures. The standards for those have tightened up a lot from the early days, but it would be extremely rare for a true DMPL to not even have a PL on the label. You would basically be hunting for label errors in those cases
|
|
Pillar of the Community
United States
3212 Posts |
While I agree that at least he states what the 3rd party grades were and he disagrees with it, I took a look a bunch of his auctions and while he states he doesn't always agree with 3rd party graders I would state that 95% of the time he doesn't. In almost all of his auctions he states his opinion on the given coin being a higher grade. This is a major turnoff for me and I wouldn't personally buy from him because of this. But then again I'm certainly going to research before purchasing anything like these coins. It's just my opinion but his write-ups make me look elsewhere...
|
|
Pillar of the Community
United States
4469 Posts |
Quote:
I really need someone to explain to me how you can look at an image on the internet and know it's "clearly juiced," without ever seeing the actual coin. Just seems like a pretty neat trick to me. Sellers photos of OP PCGS MS65 1881 S:   Heritage photos of OP PCGS MS65 1881 S:   On the seller's photos the fields do not represent what a typical MS 65 DMPL would look like. The field marks on his photos are almost mark free. Mark free near perfect mirror fields are typically found on modern PF69 or PF70 not on MS65 DMPL Morgans. The Heritage photo of the reverse show why the coin most likely did not make the PL grade as the mirrors did not make the standard. From the Heritage photos the coin appears to be correctly graded as MS65. On ebay seller's photo the reverse looks like a DMPL coin. From the seller's photos the coin can not be graded or evaluated for quality. The sellers photos do make the coin look like a high grade DMPL. The coin did sell for $300 on 12/23/18 and appears to have been returned by the buyer and up for sale again. The seller represents the coin as being DMPL and it is highly unlikely PCGS totally missed and did not give the coin at least a PL grade. |
|
Bedrock of the Community
13014 Posts |
Quote:
The seller represents the coin as being DMPL and it is highly unlikely PCGS totally missed and did not give the coin at least a PL grade. Especially since that holder is from 2002-2004 which is before the PL/DMPL standards really got tight |
|
Pillar of the Community
 United States
6608 Posts |
Slider did his homework. what a difference lighting makes
|
|
Pillar of the Community
United States
533 Posts |
It is a nice coin correctly graded. Nor does the seller fudge the description just the title. But in my opinion he is trying to deceive by claiming thecoin is something it isn't in the title. Personally I think ebay should require the grade in the title to match the grade on the coin if it is a TPG coin and not allow embellishments |
|
Moderator
United States
54283 Posts |
ebay is not interested in policing "embellishments". Trust me, I know.
|
|
Pillar of the Community
United States
2023 Posts |
Quote:
...I took a look a bunch of his auctions and while he states he doesn't always agree with 3rd party graders I would state that 95% of the time he doesn't. In almost all of his auctions he states his opinion on the given coin being a higher grade. This is a major turnoff for me and I wouldn't personally buy from him because of this. here too. TPGs have made mistakes, but not so often that this seller's opinion is likely to be correct in any or especially all of these cases. One one listing, it's a red flag to me. In this many listings, it's a black mark. |
|
Pillar of the Community
United States
533 Posts |
|
|
Pillar of the Community
United States
1005 Posts |
If you're looking for a DMPL I wouldn't recommend that coin.
|
|
Pillar of the Community
United States
533 Posts |
I wasn't posting it as a DMPL I was interested in but an example of a fudged title on an auction. The title uses keywords like Certified and DMPL when it is s common date Morgan details. You can get a nice MS65 for less than he is asking
|
|
Pillar of the Community
United States
3343 Posts |
This reminds of why I collect what I collect....
Why there is such intense competition for premium quality Morgans baffles me. There are SO many of them, and there are always better ones. And then there are the VAMS....and then there are counterfeits and scammers....
But if see another lowball 1859-S half eagle for less than 2x melt.....
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
01/10/2019 10:36 pm
|
|
Page 3 of 3
|
Replies: 43 / Views: 4,370 |
Page 3 of 3
|
First Page
Previous Page
Posted 01/06/2019 01:12 am
