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 Replies: 19 / Views: 3,083 |
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Valued Member
Australia
318 Posts |
People new to buying coins, or those buying them as presents will likely get burnt. I opened a few pennies out of curiosity.
Uncirculated Penny = no centre diamond and 4 pearls.
With him calling his store "KJP Coins&Notes" you'd hope he'd have half a brain.
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Valued Member
Australia
318 Posts |
Actually; let me get pissy with the phrase 'deceased estate' which he has used. If any normal person found this load of rubbish circulated coins surely they would take them to the bank and get face value rather than pretending they are worth something. Coins I get in change from Coles are better than his stock.
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Valued Member
Australia
124 Posts |
"Goodonya" Jeff. Thanks for your efforts on behalf of us all.
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Pillar of the Community
Mexico
1304 Posts |
The previous post about pearls and diamonds threw me off...then I remembered this was discussing Aussie coins.
When I read "let me get pissy with the phrase 'deceased estate'...Coins I get in change from Coles are better than his stock." I couldn't help but laugh! I love the aussie way of expression. I sure do wish I was back in WA again.
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Pillar of the Community
Australia
841 Posts |
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Pillar of the Community
 Australia
877 Posts |
I just sold some 2011 bags (Armaguard, UNC) on ebay for twice face value and thought I was doing well. Same coins I have sold to forum members, friend and acquaintances for 25% premium. Maybe I should be advertising them as "choice UNC", "scarce", "rare" etc. (they are none of those things) and I could ask more.  Oh, and I should charge much more for postage too. At present I have the postage calculator set to show Australia Post rate less 20%. I use MUH stamps that I get for 75% of face value (plus postage) and I also consider packing cost is part of the sale costs. Of course, I am selling to supplement my coin collecting obsession addiction habit hobby and like to see collectible coins go to a good home. I must be rather naive. I don't know that we have ever reached a consensus of exactly what "scarce" is but my gut feeling is that a scarce coin might turn up, on average, noodling around 2,000 to 5,000 similar type coins. Jeff |
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Pillar of the Community
Australia
1005 Posts |
How can he say
"UNC" = uncirculated
but also say
"uncirculated" is able to be used some other way.
On balance it appears to be deliberately deceptive.
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Pillar of the Community
Australia
877 Posts |
Edited by Jeff
12/22/2011 2:39 pm
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Pillar of the Community
Australia
841 Posts |
This seller describes all the coins listed as "uncirculated". Some may be but not this one! However, does have lots of coins that may be of interest. Jeff I'd like to agree Jeff but looking at that pic I just can't do it sorry..how's about five  EF..did they even read their description. I don't know about anyone else but I'd give it a VG not EF. And here I was giving my notes a bad grade if that's EF. How would you grade it Jeff |
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Pillar of the Community
Australia
877 Posts |
The note is from a different seller. The coin seller is now putting more listings on and no longer calling them uncirculated. He has also amended most of the descriptions to exude any suggestion a coin is uncirculated. And, he attached his answer to my initial question to the listing for this particular coin. AMAZING (but silly) The note I would put maybe fine; no tears that I can see. I don't want to be uncharitable at Christmas. However photos/scans are rather overexposed which does lighten it up considerably -I wonder how dirty it really is. Jeff Edited by Jeff
12/22/2011 11:33 pm
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New Member
Australia
40 Posts |
One of my customers got stung by this guy this week, and at least left a neg for him. http://www.ebay.com/itm/190591357157#ht_656wt_932sold as gold. I noticed the outer is for a 1/2 oz Ag ox round, to tart it up I presume. I sometimes sell business strike as unc "sometimes" If the coin out of the roll/bag is the best one in the roll/bag. The stuff you would happily send to pcgs etc to get graded. I know its not technically correct. but nothing like the above examples. |
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Pillar of the Community
1119 Posts |
i have been watching a few of his coins out of curiosity, but I'm not planning to buy from him unless something goes cheap
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Rest in Peace
United States
9104 Posts |
I don't think the seller in the first post is deliberately trying to rip anyone off, he's just ignorant of our specialty, despite his name. He saw a term being used on coins that brought big bucks, and figured it applied to his merchandise.
Uncirculated = "not in circulation" to 99% of people on the street. Only coin and note collectors give it a different meaning.
Not much different than people who call to sell 19th century coins "in the original plastic". He needs educated, not condemned.
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Rest in Peace
United States
9104 Posts |
If a non-jeweler had a crappy colored diamond, asked to fill in a color grade, he might call it a "D", trying to be honest. It's hardly his fault that the diamond industry has chosen "D" to be the best color grade.
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Rest in Peace
United States
9104 Posts |
Quote:
I sometimes sell business strike as unc "sometimes" If the coin out of the roll/bag is the best one in the roll/bag. The stuff you would happily send to pcgs etc to get graded. I know its not technically correct. Actually it is technically correct. Since neither you, I or a TPG has any way of knowing what happened to a coin after it left the die, coins are graded on evidence of circulation, ie, wear. Even if you watch a coin get run over by a steamroller, if it still looks uncirculated (MS), it is MS. Don't get me started on TPG that will give a MS designation to a coin with a big fat ugly fingerprint. |
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Replies: 19 / Views: 3,083 |
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Posted 12/20/2011 11:22 pm
keep up the good work
