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89-CC Morgan

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Arcticsparky's Avatar
United States
380 Posts
 Posted 01/09/2013  3:25 pm  Show Profile   Bookmark this reply Add Arcticsparky to your friends list Get a Link to this Reply
I'm still hoping it's genuine. Good luck Rob.
Valued Member
rob oz's Avatar
United States
60 Posts
 Posted 01/09/2013  3:39 pm  Show Profile   Bookmark this reply Add rob oz to your friends list Get a Link to this Reply
Thanks guys n gals.
I was thinking the same thing about them not remembering an 89cc coming through the door. The guy I spoke with said they have 4 89cc's at their location. Be that the case, I don't care if you have 100 of them... Some coins you just don't forget.
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DVCollector's Avatar
United States
10045 Posts
 Posted 01/09/2013  3:43 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
I think you should be able to get your money back... And the grading fee if you send it in and it comes back as we suspect.. & if not I'd have to assume you could take some kind of legal action... I really hope so at least!
I sure hope so too, but there is the slim chance the whole transaction was a con from the onset, and CL is the perfect venue for these scams. Unlike ebay with "buyer protection" and trackable seller IDs, CL is essentially anonymous and unprotected. Start with a seemingly honest seller who's offering a stunning, scarce coin that "checks out" with a dealer (yet the price is surprisingly low), and you've set up a situation for an unprotected, impulse buy--although Rob Oz covered his bases too. Sellers like this are often pros at manipulating buyers and setting up a transaction where they have all their exits covered. You'll know if you were taken by a pro if they cannot be found again. Again, I hope this isn't the case here, and not trying to 'rub it in'--just food for thought for collectors here.
Edited by DVCollector
01/09/2013 4:35 pm
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basebal21's Avatar
13014 Posts
 Posted 01/09/2013  5:03 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Is it just me or does it strike you as weird that the coin shop dude "they brought it to" doesn't remember that coin? I understand they have tons of traffic but come on now... It was an 1889CC!!


Id have to know more about the shop to pass judgement on that. A mom and pop shop would probably remember but a large high end shop like a david lawrence wouldnt even bat an eye at that
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dave700x's Avatar
United States
10625 Posts
 Posted 01/09/2013  5:52 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
I would think if the seller's alleged visit to a coin shop for authentication was legit the owner would have jumped on this for that price. It would have never made it to CL.
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fenton's Avatar
United States
4989 Posts
 Posted 01/09/2013  10:46 pm  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
Extremely rare coins are NEVER sold on sites like CL or ebay at bargain prices. The only thing you'll get from those sites at cheap prices are fakes and cracked-out problem coins
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 01/09/2013  11:20 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
fenton, not true at all. That is a generalization and flat out wrong. Regardless...

I have dealt with Paul before (presuming it is the same guy) at shows. Good guy. I personally would NOT make a final decision based on this thread. No offense what so ever to Dave, but going just by pics on a web site is NOT a definitive means of determining authenticity. That can only be done in hand. Personally, I am still not 100% convinced it is a fake. Are the odds that it is an altered coin? It looks like it. But the only way to be sure would be to send it in. And were I the seller, I would say the same. Until a TPG says it is fake/altered, the sale is final. And as Dave said, Mr Roberts at ANACS knows his stuff. If it comes back from them as fake, it is fake. And the reverse holds true as well.

So again, send it in! I know I am going to get annoying saying that. LOL
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CoinsKelly's Avatar
United States
3453 Posts
 Posted 01/09/2013  11:59 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply

Quote:
I know I am going to get annoying saying that.


Nope, preaching to the choir. If there is a smidgen of doubt then I say send it in...and I believe he did so he should hopefully find out soon.

IMHO the fee paid to ANACS is worth it to put it to bed one way or another.
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fenton's Avatar
United States
4989 Posts
 Posted 01/10/2013  12:29 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
1,000,000 to 1 odds against someone selling a genuine 1889-CC Morgan dollar on Craigslist for 1/8'th of its market value
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basebal21's Avatar
13014 Posts
 Posted 01/10/2013  04:40 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
1,000,000 to 1 odds against someone selling a genuine 1889-CC Morgan dollar on Craigslist for 1/8'th of its market value


For a collector doing that yes, for someone unloading an inheritance its not that far fetched. No different than people pawning off valuable jewelery for melt
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Arcticsparky's Avatar
United States
380 Posts
 Posted 01/10/2013  11:19 am  Show Profile   Bookmark this reply Add Arcticsparky to your friends list Get a Link to this Reply
I have bought high end coins simply by chance before. Neither I nor the seller knew their value. I have learned allot since then, and now see what it is that I bought. Very lucky yes, a million to one no.
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United States
3184 Posts
 Posted 01/10/2013  3:36 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
I would not touch certain rare coins raw, I'd buy them slabbed as the chinese are very good at faking things
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trdhrdr007's Avatar
United States
2335 Posts
 Posted 01/10/2013  4:45 pm  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list Get a Link to this Reply

Quote:
2) I contacted the FBI in Washington to get a general idea of what can be done in a situation like this with an Alleged counterfeit coin. Especially since fakes are supposed to say COPY. I was told to call my local branch and further discuss this in the morning.


Just read the whole thread. The OP took his own expert with him when the purchase was made. Both the OP & the expert believed the coin to be genuine.

There are 2 possibilities here. Either the seller honestly believed the coin to be genuine or the whole thing was a scam from the start. At this point there is no way to know which is true.

IMO the buyer should be made whole if the coin is fake. That doesn't mean the seller should have to endure the stress & cost of defending themselves if they didn't do anything wrong.
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mds308's Avatar
United States
1721 Posts
 Posted 01/10/2013  5:24 pm  Show Profile   Bookmark this reply Add mds308 to your friends list Get a Link to this Reply
The only reason I can see why the guy at the coin shop claims to not remember someone coming in with an 89CC was to avoid being dragged into court or having to be questioned by police/lawyers. It's that 'I'm not getting involved' mentality.

I remember every rare coin and every Rolex that has come into my place. You never forget a pretty face and you never forget a rare coin unless you are seeing hundreds per day. It's not like this coin dealer is a grader at PCGS.
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NathanASE's Avatar
United States
1511 Posts
 Posted 01/10/2013  6:44 pm  Show Profile   Bookmark this reply Add NathanASE to your friends list Get a Link to this Reply
I agree with mds308 100%... I don't care how big of a shop/store it is... That coin comes through the door and is handed to you for an opinion and your not gonna forget it for some time.. They might see TONS of coins but I'd be surprised if a 1889cc came through there door often at all... Even "high end" stores... They might not "bat an eye" at it but a few weeks later they'd for sure remember it, especially one in that condition.
I also agree with mds308 that they just want to mind their own buisness and not get brought into the mix..
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