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The Official 'It Came Back' Thread

 
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Pillar of the Community
United States
3027 Posts
 Posted 03/18/2018  11:51 pm Show Profile   Bookmark this topic Add MikeF to your friends list Get a Link to this Message
After following distinct Seated dollars that have sold on various auction sites over the last year, I have come to the conclusion that a large portion of them show back up for resale on eBay or other auction sites by dealers or flippers.

It begs the question: what percentage of bids on auction sites are coming from dealers? Though we will never be able to determine an exact percentage, we can keep a running record of them here to educate fellow members.

So if you remember a coin from any series that came back up for resale on eBay or another site, post them here. @admins: feel free to move this to the appropriate section for proper attention.

Hi, my name is MikeF and I'm a degenerate coin collector. I also like adventure, big trucks, long walks on the beach and the Kansas City Chiefs.
Edited by MikeF
03/19/2018 01:39 am
Pillar of the Community
United States
3027 Posts
 Posted 03/19/2018  12:02 am  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Hi, my name is MikeF and I'm a degenerate coin collector. I also like adventure, big trucks, long walks on the beach and the Kansas City Chiefs.
Pillar of the Community
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United States
1197 Posts
 Posted 03/19/2018  12:18 am  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
I've noticed this fairly often on eBay, when I look up PCGS certification numbers and see references to "Latest Auction Appearances of This Coin". There's a definite markup from Heritage, which is expected considering buyer's fees and dealer profit.

I'm so used to other auction sites' processes, still can't figure out how Heritage works (the UI is horrible) and they charge a significant buyer's fee so I don't mind paying a mild premium for a piece that "just" came from Heritage. Key word: mild. It saves me time and frustration.

I know I just saw one of these cases among my searches the other day but it's not coming up for me now. When I come across it or another one, I'll post it here.
Working on: Peace dollars (two to go), US type (Bust era), Chinese pandas, and San Francisco tokens.

"Fear is the enemy of will. Will is what makes you take action; fear is what stops you, and makes you weak."
-- Sinestro to (my avatar) Hal Jordan, "Green Lantern" (2011)
Pillar of the Community
United States
3027 Posts
 Posted 03/19/2018  12:24 am  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Thanks for the feedback, Alpha!

Here's another one. 1865 au-53 sld sold for $2,937.50 on Heritage: https://coins.ha.com/itm/a/1256-4233.s

Now for sale in Dick Osburns site for $3,695.00 And it's been listed there for awhile: http://www.dickosburn.com/product.p...at=34&page=4
Hi, my name is MikeF and I'm a degenerate coin collector. I also like adventure, big trucks, long walks on the beach and the Kansas City Chiefs.
Pillar of the Community
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United States
1197 Posts
 Posted 03/19/2018  01:05 am  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
Found it, but it's not an immediate flip and currently listed at a loss. https://www.ebay.com/itm/112874585551 -- 1847 Seated dollar XF40.

Listed on eBay for $675, sold on Heritage in Feb 2012 for $805, after selling at David Lawrence in Feb 2010 for $638.

Ref: https://www.PCGS.com/cert/15588404
Working on: Peace dollars (two to go), US type (Bust era), Chinese pandas, and San Francisco tokens.

"Fear is the enemy of will. Will is what makes you take action; fear is what stops you, and makes you weak."
-- Sinestro to (my avatar) Hal Jordan, "Green Lantern" (2011)
Edited by Alpha2814
03/19/2018 01:06 am
Pillar of the Community
United States
2153 Posts
 Posted 03/19/2018  11:00 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
I have flipped coins that I purchased at Heritage on eBay for both a profit and a loss. I looked at it as a business plan and the profit is slim to none. I could often sell the purchased Heritage for a little more on eBay, but could not beat the eBay fees, PayPal fees, shipping cost and my time.
Pillar of the Community
United States
3027 Posts
 Posted 03/19/2018  8:33 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Slider you might remember this 1872 sld. I believe you were the underbidder on Heritage at one point. I messaged the owner and I don't think he was a flipper but someone who purchased it hoping it was original. He sold it at a loss for $630. https://www.ebay.com/itm/1872-1-PCG...047675.l2557

https://coins.ha.com/itm/seated-dol...Lot=1x=0&y=0

Hi, my name is MikeF and I'm a degenerate coin collector. I also like adventure, big trucks, long walks on the beach and the Kansas City Chiefs.
Bedrock of the Community
United States
11059 Posts
 Posted 03/19/2018  8:46 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
It begs the question: what percentage of bids on auction sites are coming from dealers?


Depends on the site. I bet it's very low at Legend, but probably pretty high at some second tier sites considering how weak a lot of stuff sells for
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United States
8788 Posts
 Posted 03/19/2018  9:26 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
The coin that is the subject of this thread: http://goccf.com/t/314225#2672233 might fit in here too.
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
Pillar of the Community
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United States
1197 Posts
 Posted 03/19/2018  9:44 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
1860-O Seated dollar MS62+: https://www.ebay.com/itm/173225619155

Buy now on eBay for $3395
Sold on Heritage in Sep 2016 for $2350

Seller claims he's a fellow collector, not a dealer. Still, that's a hefty increase.

Ref: https://www.PCGS.com/cert/81176769
Working on: Peace dollars (two to go), US type (Bust era), Chinese pandas, and San Francisco tokens.

"Fear is the enemy of will. Will is what makes you take action; fear is what stops you, and makes you weak."
-- Sinestro to (my avatar) Hal Jordan, "Green Lantern" (2011)
Pillar of the Community
Canada
1118 Posts
 Posted 03/19/2018  11:45 pm  Show Profile   Bookmark this reply Add hadleydog to your friends list Get a Link to this Reply
I know of a few pieces that have been purchased from the Legend auctions and subsequently shown up on dealer's sites.
Three Morgans from the Flanagan collection ended up on Mike's Coin Chest (Mike Bibby), and were marked up the typical 15%. All are gone now, including the 1887 that I purchased.
Pinnacle Rarities has an 1878-cc with a beautiful blue textile tone that came from Legend as well. It's been marked up a very small percentage.
What one has to keep in mind is that dealers often don't have to pay the same juice that we do, so instead of a 15% buyers premium it might only be 10%. I remember Mike DeFalco telling me about it when he acquired most of the better Battle Creek coins.
I believe that a lot of dealer's are looking for nice pieces wherever they can find them, and that certainly includes auctions. Heck, even Legend shops out of their own auctions when they feel a suitable piece is selling too cheap. They state that in their item descriptions. I also know that Laura shops in the other major auctions, as she often discloses where pieces came from and what she paid.
Pillar of the Community
United States
6824 Posts
 Posted 03/20/2018  08:36 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Don't have an exact coin in mind, but have seen plenty. On eBay, I can 'usually' tell if I'm bidding against a dealer, if they have a large feedback number.
Bedrock of the Community
United States
11059 Posts
 Posted 03/20/2018  8:12 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Still, that's a hefty increase.


Not really a good example when over a year has passed
Pillar of the Community
United States
3027 Posts
 Posted 03/20/2018  10:01 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
I knew this coin looked familiar.

1807 draped bust half xf-40 sold on Heritage for $1,527.50 https://coins.ha.com/itm/a/1254-3254.s

Now up for auction on Legend with new CAC approval: https://legendauctions.hibid.com/ca...ssion-2018/?

Edit: Sorry, Legend doesn't create a unique URL for each coin. You'll have to scroll down the list to see it. It's comical that a company that claims to have the best coins has a cheap, piece of crap website. Get with the program, Legend!
Hi, my name is MikeF and I'm a degenerate coin collector. I also like adventure, big trucks, long walks on the beach and the Kansas City Chiefs.
Edited by MikeF
03/20/2018 10:14 pm
Pillar of the Community
United States
3027 Posts
 Posted 03/20/2018  10:27 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
1848 au-50 Seated dollar.

Sold on Heritage for $1,800. https://coins.ha.com/itm/a/1265-3818.s

Now offered on eBay for $2,286.46 by AMPEX of all companies! I wasn't aware we were bidding against large companies like AMPEX. https://www.ebay.com/itm/1848-Liber...AOSwUd9aejT5






Hi, my name is MikeF and I'm a degenerate coin collector. I also like adventure, big trucks, long walks on the beach and the Kansas City Chiefs.
Edited by MikeF
03/20/2018 11:07 pm
Pillar of the Community
Canada
623 Posts
 Posted 03/20/2018  10:38 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list Get a Link to this Reply
How did that 1848 even straight grade with nasty gash on the 12 'o' clock point on the reverse?!
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