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1912 Boc $5 Dilemma

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collector67's Avatar
Canada
252 Posts
 Posted 02/28/2016  11:50 am  Show Profile   Bookmark this reply Add collector67 to your friends list Get a Link to this Reply
The reverse on all of the coins I have seen have all been nice. The obverse always seem to take all the hits.
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Canada
5324 Posts
 Posted 02/28/2016  12:27 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Almost all coins, the obverse has the highest point so it takes the most wear and tear
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collector67's Avatar
Canada
252 Posts
 Posted 02/29/2016  3:06 pm  Show Profile   Bookmark this reply Add collector67 to your friends list Get a Link to this Reply
So the seller has not approved the return yet. I went and looked at his listings and he has listed his 1913 BOC $10 coin that he said he has opened the capsule on as well but has not mentioned it in his listing.
Now would it be reasonable to post the listing here so everyone here is aware, or should I just mind my own business.
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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 02/29/2016  5:00 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
If you don't like the fact that it's been cracked out of it's slab... send it back... (please make sure you use signature tracking!)

I would also have the seller refund you the money plus the cost of shipping the item back... you can feel bad for the seller all you want but a cracked coin is something that should have been disclosed.. the very fact that he's trying to sell another doesn't look like he's learned!

Since you've opened a case with ebay I'm pretty sure things will work out for you there... as for posting a link to the $10 coin... that's your choice... I'm sure some here would appreciated it and look at other coins.
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Canada
1463 Posts
 Posted 02/29/2016  8:46 pm  Show Profile   Bookmark this reply Add Alan to your friends list Get a Link to this Reply
I don't know on that one, from the pic, looks mint. See some on ebay that look worse from the hoard. Depends on what stock you put into the capsule. The fact is there is no difference between a mint boc hoard coin, or a mint coin from the series not from the hoard.

Guess it comes down to were you buying the capsule and case, or the coin? And if you can live with a broken seal or not? I give folks benefit of the doubt, cases mean nothing to me so I'd be happy, but you're the customer and should be happy with what you got.

But if it keeps you up at night return it, but do know, you may regret the desicion when you buy a sealed boc coin covered in marks and chatter, that one looks nice?
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SPP-Ottawa's Avatar
Canada
10458 Posts
 Posted 02/29/2016  11:16 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply

Quote:
I give folks benefit of the doubt, cases mean nothing to me so I'd be happy...


This.

I buy the coins, not cases and COA certificates... especially when it comes to coins minted in the early 20th century...

That coin looks much, much better than most of the BOC hoard coins I have seen...
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 03/01/2016  04:35 am  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
The coin in question is this one. Not to hard to find when it is the only one that sold for $600.

http://www.ebay.ca/itm/1912-Canada-...af961c421:i:322011513889

The seller has a low rating of 67.

I don't know why you did not buy this one for $595 when this seller has a rating of 5355.

http://www.ebay.ca/itm/1912-5-Gold-...AOSwG-1Wx3H1
Edited by MoneyPenney
03/01/2016 04:36 am
Valued Member
Canada
495 Posts
 Posted 03/01/2016  08:14 am  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
IMO you will always be wondering about that coin if you keep it. I would send it back and get another from a trusted seller.
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Canada
5324 Posts
 Posted 03/01/2016  09:29 am  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
You know when a seller don't post pics of the obverse almost sure of a coin not even ms quality, the second coin is also baggy plus HST, these are basically bullion value coins.
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Canada
2845 Posts
 Posted 03/01/2016  10:38 am  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply

Quote:

these are basically bullion value coins.


At present Cdn gold prices according to my calculations, the bullion value of a $5 King George V gold coin is around $400, ($10 coin x2) Considering costs incurred by ebay's sellers, anything that's priced $600 or less is not a whole lot over bullion value in terms of net selling profit.

Indeed dealers may offer to buy at bullion price, but in selling they certainly add a markup on top of the base price. However if you know anyone selling 1912-1914 gold coins at bullion value, I'd be very interested in knowing where they can be found.
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Canada
5324 Posts
 Posted 03/01/2016  1:13 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Unless you don't mind putting the effort in on say ebay or some other market place dealers will generally offer only bullion value for these coins unless they are in the top two grades. Dealers will almost never sell at bullion, as in this case if the seller is the original RCM purchaser he or she is taking a decent hit because the public had no idea what you were getting with no return.
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collector67's Avatar
Canada
252 Posts
 Posted 03/01/2016  3:17 pm  Show Profile   Bookmark this reply Add collector67 to your friends list Get a Link to this Reply
The coin is on it's way back to the seller,I think the coin was okay the obverse is fairly banged up it doesn't show completely on the coin. It will be interesting what the "inexperience seller does with it" Wonder if he'll list without mentioning that the capsule has been open. I considered keeping it but it didn't feel right, so I sent it back. I am more comfortable sending it back then keeping.
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JimmyD's Avatar
Canada
21603 Posts
 Posted 03/01/2016  4:06 pm  Show Profile   Bookmark this reply Add JimmyD to your friends list Get a Link to this Reply
Good decision.
If you have doubts about the coin now,
your feelings won't change in the future.
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Canada
5324 Posts
 Posted 03/01/2016  4:16 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
I must ask this question as a blizzard is just starting, if the capsule was not opened would you be happy with this coin?
Valued Member
collector67's Avatar
Canada
252 Posts
 Posted 03/01/2016  4:34 pm  Show Profile   Bookmark this reply Add collector67 to your friends list Get a Link to this Reply
Interesting question, I wasn't overly impressed with it, but I did consider keeping it. So yes I would have been satisfied with the coin. Blizzards can be fun! When I buy I always consider resale and what kind of concerns or questions come up, and yes you are buying the coin but.... as collectors we do have strange quirks and one of the things I wanted to do was have a complete Hans Selected BOC Hoard in the case issued. As well I want the same set non hoard.
So I sent the coin last night I received the refund today, the item is still in the mail. The seller needs to learn a lot I would have waited until the coin arrived back.
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