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Hmm... What Do You Make Of This Auction?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 23 / Views: 2,920Next Topic Page 2 of 2
Pillar of the Community
United States
1315 Posts
 Posted 02/17/2011  9:40 pm  Show Profile   Bookmark this reply Add Doucet to your friends list
Silver Turtle.... Looks like from the replies so far, your first impression was was good one.
Pillar of the Community
United States
3076 Posts
 Posted 02/17/2011  11:58 pm  Show Profile   Bookmark this reply Add aladinslamp to your friends list
I would recommend staying away from all of these poor grading companies...the over evaluate every coin you see...The BIGGEST CLUE is the poor photo's...its sad to see so many buying these "PROBLEM" coins and the values they attain.....
Valued Member
United States
186 Posts
 Posted 02/18/2011  12:50 am  Show Profile   Bookmark this reply Add CEOcoinshop to your friends list
Run....Forest....Run!!
Bedrock of the Community
United States
14454 Posts
 Posted 02/18/2011  05:31 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
I can not believe someone paid 147.00 for that coin, usually these coins will get what they are worth, around 30 bucks. If you look for more of these slabs they are all the same with cleaned coins and high grades on the holder. These guys are worse than SGS when it comes to grading. They are both in the same category and I hate them both but this just amazes me that these guys can still get this kind of money for these things when I can list a MS-63 1878 Morgan and it sell for half that price
Pillar of the Community
United States
750 Posts
 Posted 02/18/2011  08:12 am  Show Profile   Bookmark this reply Add Jamez to your friends list
PT Barnum was such a smart man..
Rest in Peace
United States
9104 Posts
 Posted 02/18/2011  10:28 am  Show Profile   Bookmark this reply Add biggfredd to your friends list
slider unc, which is a polite term for au. even if there was absolutely no wear, it wouldn't rate higher than 60 with all the bagmarks.

this brings up one of my recurrent gripes about slobbing services. instead of forcing potential buyers to learn what they're doing, we have a generation of coin buyers who only know how to look up the number on a plastic case. The serious ones will still buy overgraded slabsof the majors, the Clewless Gnubee­­­™ assumes any coin in a plastic holder is new: "yeah, I inherited (or took as payment for a loan) some Indian pennies, and they're all new in plastic, just like they came from ther mint..."
Pillar of the Community
United States
8904 Posts
 Posted 02/18/2011  11:33 am  Show Profile   Bookmark this reply Add Moe145 to your friends list
It apears the seller followed the ebay rules...


Ebay's Stamp, Currency and Coin Policy



Quote:


Certified coins

When listing a certified coin, the coin must be certified by one of the following authorized grading companies:

Numismatic Guaranty Corporation (NGC)

Numismatic Conservation Services (NCS)

Professional Coin Grading Service (PCGS)

Independent Coin Graders (ICG)

American Numismatic Association Certification Service (ANACS)



If the coin listed is not certified by one of these grading companies, the coin is considered raw and uncertified and is subject to additional requirements for sale.

In addition, listings for certified coins must include an image of the item, showing the coin in its graded holder. The image needs to be clear and the grading company, grade, and certification number should easily be readable.

Note: Coins minted before 1980 must show the full front and back of the holder. Coins minted in 1980 or after must show the full front of the holder.




Raw and uncertified coins

A raw or uncertified coin is defined as any coin not graded by an authorized grading company. Sellers can list these items on ebay as long as:

A numeric grade (such as MS-65, VF-25) is not included in the title of the listing. A numeric grade can only be included in the item description.

No grading company is referenced in the title or description.

No estimate of value (even if personal opinion) or reference to a price guide is included in the title or description.

The listing includes a photo of the coin being sold. Images that are dark, out of focus, edited, or might be misleading aren't allowed. Also, stock photos aren't allowed.

Coins that are sealed in original U.S. Mint packaging include a photo showing the actual packaging.

Edited by Moe145
02/18/2011 11:35 am
Bedrock of the Community
United States
17884 Posts
 Posted 02/18/2011  11:47 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
This "company" is a once removed cousin to the SEGS Graders, every coin with this company is usually graded 4-6 grades higher than the reality of the situation.

I assume you mean SGS and not SEGS. Please do not confuse the two. One is a bottom feeding self slabber and the other is a decent company of quality numismatists. You may not agree with their grades comaperd to PCGS but they aren't that different. And SEGS is BETTER than PCGS at varieties and attributions.
Valued Member
United States
447 Posts
 Posted 02/18/2011  1:10 pm  Show Profile   Bookmark this reply Add CCya to your friends list
I Pitty the Fool that thinks she is a 66!
Pillar of the Community
United States
4421 Posts
 Posted 02/20/2011  1:54 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list
Conder101 is right on target. SEGS is a top-notch company. They're great when it comes to attributing varieties and, contrary to the more preferred slabbers, SEGS will certify problem coins but provide a brutally honest description of the problem. I'd really like to see the subject, the SGS MS-66 Morgan, reslabbed in a SEGS holder. The description would be right on target.

Rest in Peace
United States
5375 Posts
 Posted 02/20/2011  2:53 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list
The worst part is that this guy is a top rated seller, ridiculous.
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United States
16679 Posts
 Posted 02/20/2011  3:29 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
AU Details/cleaned. I love this:

This particular coin is the cream of the crop and was hand selected in Excellent BU Condition!

These wanna be coin dealers are all over ebay.
swcoin.ecrater.com
Pillar of the Community
United States
4421 Posts
 Posted 02/20/2011  3:34 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list
Taking a look at some of this seller's other Morgans, it's the same story; generic, common dates that are grossly overgraded. Yet, the same scenario can be seen at local auctions, flea markets and more sparingly in other venues. The really sad part will occur when the buyers take these overgraded Morgans to a local coin dealer and try to sell them! That poor dealer will more likely be villified than the seller! Then, the whole hobby suffers, too.
Pillar of the Community
United States
1143 Posts
 Posted 02/20/2011  9:14 pm  Show Profile   Bookmark this reply Add cointagous to your friends list
Not familiar with the grading co but doesn't the holder looks like it snaps shut? No sonically sealed process here like other co's do. Found this review on ebay as NAC seems to be home of the MS66.

http://reviews.ebay.com/NAC-NUMISMA...000004895610
Pillar of the Community
United States
4421 Posts
 Posted 02/20/2011  9:44 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list
The only certification company holder that I've not yet seen cracked/sliced open and resealed is that of SEGS - best holder I've seen. A pastor friend of mine once gave a talk at our coin club, emphasizing to the members that they should buy the coin and not the slab. To illustrate his point, he'd sliced open a PCGS Morgan $1 holder, replaced that coin with a Roosevelt dime and resealed it. His purposeful tampering was virtually undetectable. Now, if a pastor can do that, what can a seasoned cheat do? Food for thought, this ...
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