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Why Does Ebay Allow This Listing?

 
 
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Pillar of the Community

United States
3403 Posts
 Posted 11/30/2018  9:00 pm Show Profile   Bookmark this topic Add jimbucks to your friends list Get a Link to this Message
https://www.ebay.com/itm/1893-Proof...182372419517

This seller has posted this for some while, with NGC and "proof" in the title, when it is obviously not an NGC proof coin. This is ridiculous, and in my opinion an attempt at fraud.
Wake up Ebay!
Edited by jimbucks
11/30/2018 9:02 pm
Valued Member
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United States
282 Posts
 Posted 11/30/2018  9:25 pm  Show Profile   Bookmark this reply Add Sharkman to your friends list Get a Link to this Reply
Yes. But it's a really good price.
Pillar of the Community
United States
3479 Posts
 Posted 11/30/2018  10:04 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Nothing to get in a fuss over. There should be book somewhere on how to run diagnostics to determine if its a proof or not. It wouldn't be the first time NGC has misidentified a proof. Just saying.
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
United States
8712 Posts
 Posted 11/30/2018  10:07 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
Link to a Stack's auction of an 1893 proof. https://auctions.stacksbowers.com/l...view/3-2B7CL
Pillar of the Community
United States
1963 Posts
 Posted 11/30/2018  10:32 pm  Show Profile   Bookmark this reply Add coin197 to your friends list Get a Link to this Reply
Well, I'm pretty sure Julian Leidman knows what he is doing!
Pillar of the Community
United States
2413 Posts
 Posted 12/01/2018  12:12 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
I have bought a couple of coins from Julian, but now I just pass on any coin that he has for sale. He is very knowledgeable about coins, but I do not care for his tactics on selling coins.
Edited by Slider23
12/01/2018 12:13 am
Pillar of the Community
United States
4649 Posts
 Posted 12/01/2018  01:03 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
That coin has been discussed around here before (I think).

He has his opinion and everybody else has one, too. In my opinion it's a 10$ coin.

At 20k$ I don't think it's going to go anywhere anytime soon.





Bedrock of the Community
United States
12450 Posts
 Posted 12/01/2018  08:28 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
It wouldn't be the first time NGC has misidentified a proof. Just saying.


At that price why wasn't it resubmitted then? Or submitted to PCGS? Or maybe it had been already, just saying
Pillar of the Community
United States
2413 Posts
 Posted 12/01/2018  09:49 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
Part of Julian's business plan is to sell coins with nice eye appeal that have a details grade of cleaning, scratched, or questionable color and ask for the straight grade price with best offer because he disagrees the the TPG grade. He also likes to find coins that have been cracked out and graded lower and try to sell at the original pre cracked grade because he disagrees with the lower grade. Selling the OP proof is just part of the way he sells coins. These tactics are the modern version of the snake oil salesman. He is leveraging for profit the knowledge that anyone who has sent coins in for grading has most likely disagreed with some of the grades.
Bedrock of the Community
United States
17831 Posts
 Posted 12/01/2018  10:09 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
I have no doubt the coin is as represented.
Pillar of the Community
United States
3479 Posts
 Posted 12/01/2018  10:14 am  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply

Quote:
just saying


That's it! You're going down, Baseball!
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
United States
4649 Posts
 Posted 12/01/2018  11:57 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
eBay allows him to walk a thin line on his listing title because of who he is. eBay does not enforce the rules the same for everybody. Been that way a long time.
Pillar of the Community
United States
504 Posts
 Posted 12/01/2018  2:49 pm  Show Profile   Bookmark this reply Add jst1dreamr to your friends list Get a Link to this Reply
I have 8 or 9 of the 1892 & 1893 Columbian Exposition Half Dollars. Maybe if I polish them I can get this ebayer to buy them for like $6000 each then he can sell them for $19000 each. It would be a win win.
Edited by jst1dreamr
12/01/2018 2:50 pm
Pillar of the Community
United States
6941 Posts
 Posted 12/01/2018  3:18 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
the coin in the listing doesn't look polished to me from the pictures.
i agree with the seller's assessment about the TPG being wrong.
i don't know if the coin as a proof - seller is entitled to his opinion.
he can sell coins for whatever price he wants - it's a free market.
i don't see anything wrong with the listing.
if the buyer of a $20k coin bases the purchase solely on the seller's opinion, buyer is a fool.
Pillar of the Community
United States
4649 Posts
 Posted 12/03/2018  12:45 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
The only thing I see wrong and misleading is using the words "Proof" and "NGC" in the same sentence in the listing title. To me it implies that NGC slabbed the coin as a details proof. Only after reading the full description does it become clear as to what exactly is being offered.
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