Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer Join Thousands of Coin, Bullion, & Money Collectors Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Royal Estate Auctions - $1 Coin Auctions300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Buying Raw Key Coins (Sumbag Alert)

To participate in the forum you must log in or register.
Author Previous TopicReplies: 12 / Views: 2,025Next Topic  
Pillar of the Community
Amazon99's Avatar
United States
2443 Posts
 Posted 11/25/2007  12:44 am Show Profile   Bookmark this topic Add Amazon99 to your friends list Get a Link to this Message Number of Subscribers
Saw this on the PCGS boards and decided that the word needs to be spread about this seller.

So an ebay seller Seatedlibertykeydates
http://search.ebay.com/_W0QQsassZse...ertykeydates buys slabbed damaged/problem coins and then cracks them out and lists them as a higher grade. For most of the cleaned coins he says that it might be cleaned and then is able to sell them for much more. He buys them as ironmaidendio http://feedback.ebay.com/ws/eBayISA...200157760376

Examples:
Buys: http://cgi.ebay.com/ws/eBayISAPI.dl...200157760376
Sells: http://cgi.ebay.com/ws/eBayISAPI.dl...160169404269
Profit: $125

Buys: http://cgi.ebay.com/ws/eBayISAPI.dl...270167711123
Sells: http://cgi.ebay.com/ws/eBayISAPI.dl...160172023938
Profit: $66.01

Buys: http://cgi.ebay.com/ws/eBayISAPI.dl...190164721369
Sells: http://cgi.ebay.com/ws/eBayISAPI.dl...160174455601
Profit: -$2.09

Buys: http://cgi.ebay.com/ws/eBayISAPI.dl...280162643843
Sells: http://cgi.ebay.com/ws/eBayISAPI.dl...160173446259
Profit: $155.99

Buys: http://cgi.ebay.com/ws/eBayISAPI.dl...120169208600
Sells: http://cgi.ebay.com/ws/eBayISAPI.dl...160171629241
Profit: $81.44

Buys: http://cgi.ebay.com/ws/eBayISAPI.dl...200160606395
Sells: http://cgi.ebay.com/ws/eBayISAPI.dl...160172372217
Profit: $3.78

Buys: http://cgi.ebay.com/ws/eBayISAPI.dl...140162716710
Sells: http://cgi.ebay.com/ws/eBayISAPI.dl...160169787319
Profit: $54.70

Buys: http://cgi.ebay.com/ws/eBayISAPI.dl...250169331823
Sells: http://cgi.ebay.com/ws/eBayISAPI.dl...160173439027
Profit: $8.94

Buys: http://cgi.ebay.com/ws/eBayISAPI.dl...300152814610
Sells: http://cgi.ebay.com/ws/eBayISAPI.dl...160171195336
Profit: $177.83

Total made: $671.60 on 9 problem coins.

It seems that he takes problem coins, grades them higher and hides the fact that they were damaged. Should someone get more money for a coin if they crack out damaged coins and try to pass them off as possibly being damaged and grading them higher? I don't think so. This should be another warning to others about buying raw coins online. Don't buy them unless your know what your doing.

I'm pretty sure that after today's auctions, this will be the last time that seatedlibertykeydates will do business on ebay under that screen name. I think he will be back and will continue to do his damage. I think this is the second time that he's been doing this after he was caught doing the same thing under the screen name kingofcoins (or something like that).

(More info here: http://Deleted12&threadid=620961&STARTPAGE=1)
Edit: Won't let me link to PCGS, but if you go the title of the thread is "A final message to all"


Moved to ebay /auction site forum by Metalman
Edited by Amazon99
11/25/2007 01:47 am
Valued Member
United States
447 Posts
 Posted 11/25/2007  01:06 am  Show Profile   Bookmark this reply Add CCya to your friends list Get a Link to this Reply
Assigning higher grades to problem coins is plain wrong and gives this hobby a bad rep with young collectors.
Pillar of the Community
Amazon99's Avatar
United States
2443 Posts
 Posted 11/25/2007  01:12 am  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
I agree, but I think cracking out problem coins and not saying "This coins was cleaned" but saying "This coin might be cleaned or dipped." is even more wrong in my eyes, since it implies that it might have not been cleaned.
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 11/25/2007  01:29 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I agree this word needs to be spread just please remember to only say what you can back up on any board because you could find yourself in a slander lawsuit. Just a heads up
Pillar of the Community
Amazon99's Avatar
United States
2443 Posts
 Posted 11/25/2007  01:36 am  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
Everything that I know is listed on here and on the other forum. If you compare coins in the examples, they're the same. While grading is subjective, ANACS, PCGS, AND NGC call themselves experts in these fields, so when they say it's cleaned it's cleaned (plus most of them look cleaned). It would be a different story if he says "This coin is cleaned". Then that's fine. BUT, saying that "Oh, well this might be cleaned." is pretty fraudulent because he knows for a fact that it's cleaned. That would be like selling a car that you know was in an accident and telling the seller, that it might be in an accident but your not sure.

He also guarantees that all of his coins are authentic. That's because a lot of them were cracked out from problem ANACS slabs.
Edited by Amazon99
11/25/2007 01:38 am
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 11/25/2007  01:55 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
in the first thread that brought up all his problems it says he had 2 other nicks besides the ones listed here. In one instance he bought a coin slabbed as a copy of a key date coin for $10.00 and then the same seller turns around and calls it MS-63 and authentic and sells it for $1051.00
Pillar of the Community
Amazon99's Avatar
United States
2443 Posts
 Posted 11/25/2007  05:13 am  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
Bryan, he sold it or did the guy that he bought it from sell it?
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 11/25/2007  06:01 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
ok this now seatedlibertykeys which used to be King-O-Coins (which alot of people should recognize) had another nick before seatedlibertykeys and he bought a copy of a 1921-D walking liberty and it was graded by a less than reputable TPG as being a copy and was sold as such for 10.00 to him, he then turned around and sold it as genuine and as MS-63 where it was graded by the not so reputable TPG as AU. So not only is he selling a copy as genuine his grading is worse than the bargain basement slabbers

Here he was the buyer (another name not mentioned in this thread)
http://cgi.ebay.com/ws/eBayISAPI.dl...47269044&ru=http://search.ebay.com:80/search/search.dll%3Ffrom=R40&_trksid=m37&satitle=330147269044&category0=&fvi=1

Here is where the same guy sold it
http://cgi.ebay.com/ws/eBayISAPI.dl...30205111&ru=http://search.ebay.com:80/search/search.dll%3Ffrom=R40&_trksid=m37&satitle=190130205111&category0=&fvi=1

As you will notice in the "Final Words" section on his selling auction he lists his name and its the same as King-O-Coins/seatedlibertykeys
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 11/25/2007  06:26 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I see he now has reverted to trying to find other members over there that has over graded coins (as if he knows how to grade anyway) on ebay and get the heat off of him and try to put the heat on those others selling on ebay. Over graded coins are something most people are used to because it happened with B&M dealers way before there were TPG's but to crack out a problem coin thats graded by a reputable TPG so you can sell it as problem free and make money on is something most people don't expect. They can usually tell its over graded by pictures but it can be hard to tell some of the problems with pictures because the lighting can hide alot of them and there are programs that can make things look alot better than they actually are
Pillar of the Community
Amazon99's Avatar
United States
2443 Posts
 Posted 11/25/2007  06:30 am  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
Thanks Bryan that clears it up. I've been reading some of the stuff going on on the other forum and this guy is unbelievable. Truly a scumbag. Sad thing is, I think he's going to keep on doing this. The good thing is that the only way he can sell these coins are through ebay. Hopefully people will be able to spot his auctions in the future. He is truly unbelievable. His acts have opened up my eyes even more and ebay and I don't think I'll even waste my time considering key date coins unless they're slabbed or unless I can see them in person before I give up my money.
Valued Member
Twentycent's Avatar
United States
187 Posts
 Posted 11/25/2007  8:05 pm  Show Profile   Bookmark this reply Add Twentycent to your friends list Get a Link to this Reply
Having more than one ebay ID is easily abused.



Jerry
Valued Member
United States
303 Posts
 Posted 12/02/2007  04:23 am  Show Profile   Bookmark this reply Add hc8604 to your friends list Get a Link to this Reply
"Buys: http://cgi.ebay.com/ws/eBayISAPI.dl...300152814610
Sells: http://cgi.ebay.com/ws/eBayISAPI.dl...160171195336
Profit: $177.83"

I don't know but these auctions that lists an 1897-O barber .25 are different and not the same.

Look at the 7 in 160171195336 and it has a line through the middle, but the other one does not.

The UNUM in reverse for 300152814610 is almost gone, with only a part of the U still there. You can still see most of UNUM in 160171195336.

Just wanted to point that out.
Pillar of the Community
tights24's Avatar
United States
2254 Posts
 Posted 12/02/2007  08:26 am  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
quote:
I don't know but these auctions that lists an 1897-O barber .25 are different and not the same.


I agree. Be careful Amazon. The last auction you list isn't even close to the same coin. All lighting aside, look at the mintmark location. Maybe you grabbed the wrong listing?

  Previous TopicReplies: 12 / Views: 2,025Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.46 seconds to rattle this change. Forums