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Replies: 16 / Views: 2,292 |
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Pillar of the Community
United States
1373 Posts |
Seller is posting a RAW 1989-S ASE for sale. Current value is about $19.00.
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Pillar of the Community
United States
2282 Posts |
Atticguy- Where are you buying proof cameo ASE for $19? Exactly. This seller is off his rocker no doubt, but $19? 
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
Edited by NumismaticsFTW 08/22/2022 11:43 pm
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Valued Member
 United States
378 Posts |
Quote:Seller is posting a RAW 1989-S ASE for sale. Agreed, it is a RAW coin once broken out. The question is becomes; why have the old NGC label incorporated into the ad? Surely it is to help the seller realize a higher $$
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Bedrock of the Community
Australia
21788 Posts |
I suspect bait 'n switch.
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Moderator
 United States
34425 Posts |
Could be nefarious, although I do note that when I break out a previously-slabbed ancient coin, I save the label with the 2x2. This could be a different situation though.
"If you climb a good tree, you get a push." -----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz
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Bedrock of the Community
United States
94367 Posts |
Since it's ebay, I tend to be skeptical.
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Valued Member
United States
170 Posts |
I've never done it myself but I have seen people who broke out coins to put in albums keep the label. Usually its an older coin that they wanted "authenticated" more than the grade so they bought a slabbed coin that didn't grade as high. No idea why you'd do it with an ASE but I don't collect these either.
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Pillar of the Community
United States
1373 Posts |
Quote:Atticguy- Where are you buying proof cameo ASE for $19? A: I didn't say I buy ASE's, and with the pics shown, how do I know it's a proof or uncirculated coin? B: I posted the $19 as it's silver value. A generous pawn shop will pay you $19 for an ASE and a VERY generous shop will give you more. The 'common' pawn shop will give you $16-$17 for it. I'm really not positive, but a bank might not even give you $1 for it, as I don't know if ASE's are actually legal tender.  (I'll look this up after I post this)
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Pillar of the Community
 United States
6590 Posts |
Quote: I don't know if ASE's are actually legal tender. They are legal tender
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Pillar of the Community
United States
1373 Posts |
Yes, I just checked. They are worth $1, however, my bank told me they will NOT accept them. (Not that I would ever try)
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Valued Member
 United States
378 Posts |
I guess it's not surprising someone has taken it down.
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Pillar of the Community
United States
2282 Posts |
atticguy- You are very ignorant. So I have no idea why you are even responding, with such nonsense. You cannot tell this is a proof coin? The 1989-s only came in proof, plus look at the apparent cameo. You don't know it's legal tender? It is. You've been in the attic too long.. ASE's have a massive premium right now, pawn shops will pay you $3-4 dollars over spot right now, not $2-$3 under spot.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
Edited by NumismaticsFTW 08/23/2022 9:50 pm
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Pillar of the Community
United States
1373 Posts |
Well, thanks a lot for spilling the beans. I was trying to keep it a secret but now the whole forum knows I'm ignorant. And yes, I did play with fiberglass too much when I was a kid. You are correct; that coin is most certainly a proof. 
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Valued Member
United Kingdom
218 Posts |
Once it's out of the slab the old grading is irrelevant, so it's very deceptive advertising. The listing appears to have been nuked, so I guess ebay agreed.
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Pillar of the Community
United States
2282 Posts |
No doubt deceptive and the prior grade is irrelevant. I'm glad ebay got rid of it 
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Replies: 16 / Views: 2,292 |
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