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 Replies: 26 / Views: 8,729 |
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Moderator
 United States
189340 Posts |
In my opinion, it never hurts to ask a question. I am glad we could help.
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Moderator
United States
23522 Posts |
Quote:This is done all the time with CC GSA Morgan dollars. Someone would take one out of the box and crack it out for grading, then put a different GSA dollar in its place. The packaging was the same, there was a REAL CC GSA dollar put in the box, and it adds a couple dollars extra value having the box. (for the GSA morgans anyway... I dont know what it adds to newer coinage) Since we're just arguing morality....  I disagree with the morality of this practice. In the case of the GSA sales, I feel there is provenance in the fact of these coins having been sold from Treasury stock, in a specific scheduled venue. It's more than just replacing Mint coins from a Mint set. |
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Pillar of the Community
Canada
9165 Posts |
Ok I looked in the glossary for 'coa' and found nothing can some please tell me what it stands for. Thanks
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Valued Member
United States
380 Posts |
Certificate of Authenticity
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Pillar of the Community
Canada
9165 Posts |
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Pillar of the Community
United States
1952 Posts |
I didn't go through every post on this thread so forgive me if already answered. but I hold on to all the envelopes and box's from the sets I break out. not to defraud anyone but to sale later to folks that need newer clean box's or envelopes to replace their torn or dogeared envelopes and box's. that is legal. but I would never replace coins in them after breaking the case open. that would be a bad thing and possibly Fraud.
I have hundreds of envelopes and box's if you need them just let me know what year. you pay to ship and you can have them
Gary
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Bedrock of the Community
United States
17884 Posts |
And in the case of the mints COA's they can't be specifically tied to any specific coin or set so frankly as long as the coin or set matches what is described on the COA I see no problem with it. In the early years of COA's from the mint they didn't even describe on the certificate what it was supposedly authenticating so any certificate could be used with any coin or set. I know at the shop I was at we ept a stockpile of the holders, boxes and COA's on hand so we could make up "sets with all the papers" for customer that wanted them that way.
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Valued Member
 United States
307 Posts |
The position that the mint takes is that the case and coa is issued only for the coin sent from the mint. The practice of reusing them was thought up by people wanting to increase the value of their coin. It may be OK only because some say it is OK. It happens to be misrepresentation. Think about it. If we want honesty to be a part of our breed we need to recognize it.
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Pillar of the Community
United States
5629 Posts |
This topic can go either way, all according to whom you ask, I feel that SD said it all, I also feel this previously stated statement assists in conveying my thoughts, " It happens to be misrepresentation. Think about it. If we want honesty to be a part of our breed we need to recognize it." The term deception comes to mind...... I collect all the ASE;s and Commemoratives, Prestige Sets, Bald Eagles,ETC. I feel the need to keep the coins in their original packaging and also keep another set of the same in Dansco Albums, that said, this practice borders on fraud, IMO, I have always wondered just how many sets I DID NOT buy directly from the you S Mint were "switched", and probably never will. I can also see the use of these OGP boxes being used for the same, type, year, genuine coins if no one gets burnt, by that I mean , people do not receive what they were promised, and We all know that when this practice takes place, IMO, The person doing the "switching" is NOT placing a MS70 coin in the box or a Proof 70 in the box. I have come to expect nothing but the best the you S Mint has to offer and highly doubt the coins placed in these 'boxes" are of the same quality!!  Not a good practice to become involved in, I would ask, while we are on the subject, How many members buy these boxes, or place non-original coins in these packages, and sell them as "ALL ORIGINAL PACKAGING"!!!  |
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New Member
United States
1 Posts |
It might be legal to use the boxes (I don't know) but using "there" when you SHOULD'VE used "their" is DEFINITELY illegal!
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Valued Member
United States
331 Posts |
Bottom line if you take something out of a seal and replace it with something thats the same. Without discloseing what you did. You are defrauding your potential buyer. If you use the original paper work.
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Bedrock of the Community
United States
17884 Posts |
And if the original item isn't sealed? Since 1999 proof sets have not been sealed. The capsules used on proof bullion and commemoratives are not sealed. unless you get your mint product directly from the mint itself, you have no way to know whether or not some of the coins have been switched or if the item has been assembled. The COA's themselves are not issued tied to a SPECIFIC coin or set, just the general type (The sets/coins and COA's are not serial numbered.) As I said earlier in the thread, dealers do this all the time. Most of them have a stash of recent holders/boxes/COA etc for replacing missing parts.
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Valued Member
United States
331 Posts |
And there again if that is done should be stated. If not you are selling something that is not on the up and up.
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Pillar of the Community
United States
5629 Posts |
When it's all said and done, Conder101 said it all, I too collect sets, mint and proof from 1950 to date and seek the original packaging EVERY time I locate a new addition!!! To some it Really matters......
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Valued Member
United States
331 Posts |
Morgan I can understand that totally. For your own collection. But when selling it should be stated as such.
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Replies: 26 / Views: 8,729 |
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Posted 10/06/2010 3:50 pm
