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 Replies: 30 / Views: 4,100 |
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Pillar of the Community
 Australia
1006 Posts |
Now I am very worried about some of my other coins which I have bought particularly because they didnt sell at auction and I picked them up after for a very agreeable price. I would be devastated if they were cleaned because I had to save up for weeks to buy them (being on a 17 years old wage dosent pay that well  ) |
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Pillar of the Community
Australia
541 Posts |
Maybe you can post some photos up for grading, I'm sure the people here would be happy go offer their opinions (probably best to start a new thread).
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Pillar of the Community
Australia
4411 Posts |
Out of interest where did you buy them from?
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Valued Member
Australia
216 Posts |
Both these coins look genuine from what I have been told to look for. The thing is that first coin to me looks like it is a "drawer coin". You know the ones that were placed in grandma's drawer wholesale and then every time the drawer was opened it rubbed on one side. (there is no way I'd give that reverse an EF. VF tops and that is being nice.) Personally I like the second one out of the two. It just looks better to me. As for value, Macca's puts a straight EF at about $525. (last years price) Getting that second one for $420 tops I think would still be reasonable. Of course getting it for less than $420 would be better.  |
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Pillar of the Community
Australia
1006 Posts |
Okay thank you and the places where I have gotten my coins from have been Downies auctions, status international and edlins auctions
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Pillar of the Community
Australia
4411 Posts |
Are you happy with the ones you have? If you are then who cares really.
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Pillar of the Community
Australia
1006 Posts |
Yes I am very very happy with them but if they were cleaned then I would have wasted hundreds and hundreds of dollars and I would have to replace each and every one of them btw are the auction companies really that bad at detecting cleaning? |
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Pillar of the Community
Australia
7096 Posts |
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btw are the auction companies really that bad at detecting cleaning?
I doubt that they would have any difficulty at all in detecting cleaned coins. I think their difficulty arises in disclosing the fact that they have been cleaned. I think at Most of the big public auctions there is time to view the coins and make your own assessment. Most people at these auctions are dealers or savvy collectors. I agree with Walter that if the coins were quality items they would have sold on the day  |
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Pillar of the Community
Australia
1006 Posts |
I thought about it and I decided to buy it and I believe that it was worth the money paid and trout do you think they would intentionally suppress that information? Wouldnt that make them guilty of Fraud through intentional non disclosure?
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Pillar of the Community
Australia
4411 Posts |
Unforunately the coin industry isn't as rosie sweet as you would like to think. There are both good and bad operators. Doctored coins are often not described as such. Its very important as a collector to familiarise yourself with cleaned coins so you dont get stung.
At the end of the day even if they have been cleaned if youre happy then dont worry too much.
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Pillar of the Community
Australia
7096 Posts |
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I thought about it and I decided to buy it and I believe that it was worth the money paid and trout do you think they would intentionally suppress that information? Wouldnt that make them guilty of Fraud through intentional non disclosure?
It's not fraud at an open auction not to disclose any defects,they simply put up the coin "as is" and it is up to you as an individual to make the call on any particular coin. That's where information sharing and education comes into play (sites like this are invaluable for this) the more you know the better off and equipped you are to take advantage of these open auctions. I would dearly love to be able to attend one of these auctions and see the coins in hand before bidding. Alas I am stuck with the net and have to put up with the hit and miss scenario associated with that type of buying  |
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Pillar of the Community
Australia
541 Posts |
Quote:
I thought about it and I decided to buy it and I believe that it was worth the money paid and trout do you think they would intentionally suppress that information? Wouldnt that make them guilty of Fraud through intentional non disclosure? If you're talking about the Currency Act, you'd have to prove that they had intention to defraud. This law isn't very well enforced. If you're talking about the Fair Trading Act, it doesn't cover second hand goods sold at auction. Something I'd recommend is buying PCGS or NGC slabbed cleaned coins (they'll be in Genuine holders marked cleaned) and see if you can pick out the cleaning work done on each of them. These usually sell very cheap (much cheaper than they'd normally go for raw). |
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Pillar of the Community
Australia
7096 Posts |
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Yes I am very very happy with them but if they were cleaned then I would have wasted hundreds and hundreds of dollars and I would have to replace each and every one of them As you are still young and have many many years of collecting in front of you, Don't rush into things. Take some time to learn and evaluate a coin for what it is, cleaned, fake,toned or original. It does take time and patience, but at the end of the day you WILL be equipped to make an informed decision. OR on the other hand you can do what 99% of us have done and learnt from our own stupid screw ups  |
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Pillar of the Community
Australia
1006 Posts |
Thanks for the advice I thought I knew what cleaning was and I thought I could pick it out quite easily but if that first centenary florin is cleaned it is one of the most deceptive coins I have come across. p.s. I bought the second one
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Pillar of the Community
Australia
674 Posts |
 with Trout.! Take your time- "do it once- do it right". We have to learn from mistakes- preferably someone else's.!  |
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Replies: 30 / Views: 4,100 |
First Page
Posted 01/14/2013 7:19 pm
