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How To Lose Lots Of Money At Auction: 1866 Seated Liberty 10c PCGS

 
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Author Previous TopicReplies: 15 / Views: 607Next Topic  
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 Posted 12/08/2021  12:01 pm Show Profile   Check pristine2's eBay Listings Bookmark this topic Add pristine2 to your friends list Get a Link to this Message
To screw up seriously at online coin auctions, follow these two important steps:

1) Believe that pictures provided by "Collectors' Universe" (which now owns PCGS, by the way), are really "TrueView Images".

2) Look for coins with obverse fields featuring space-dwelling insect-like organisms with myriad appendages, and assume the creature is actually a holy talisman of value.

So, three questions:

A) Just how different from these pictures do you think the coin can be?

B) Based on the "TrueView" images here, what would you grade the coin?

C) How much money do you think the brain-dead buyer will lose on this coin?



Edited by pristine2
12/08/2021 12:02 pm
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 Posted 12/08/2021  12:54 pm  Show Profile   Check jacrispies's eBay Listings Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
A) The toning may appear dark in person.

B)

C) Yes

D) Is that a hairball in the right obverse field? Or maybe a strikethrough or scratches?
If that isn't an issue, PF-65.
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 Posted 12/08/2021  3:12 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
Looks like a decent PR-64/PR-64+ to me. Anything in the $750-$1000 range would be a decent ballpark. I would guess that acetone would solve the dishrag remnant problem.
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 Posted 12/08/2021  3:22 pm  Show Profile   Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
It sure looks more like lint than surface damage, but hard to imagine trying to sell a nice coin like that at an online auction with that thing in the photos.
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 Posted 12/08/2021  4:26 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
Toning transfers though the mark in the fields. Looks like a struck through fibers to me.
Heavier hit to the left knee, obverse brings this one down. PR-63
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Australia
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 Posted 12/08/2021  5:47 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
To think 'outside the box' of this thread:
(My way of avoiding loosing money)

1. When it comes to auctions, I always to to the view day to examine each lot I may interested in in hand - so pictures don't apply, despite how good they may appear on line (which I also generally review). The pictures may attract me to view the lot personally.

2. I submit a written fixed price maximum bid on any coin I may be interested in, and never get involved in a bidding war on the day of the auction. That guarantees that if I am successful, I have obtained the coin at a value, that in my eyes, is reasonable. There have been occasions where I have obtained the coin at a lower price than my bid limit.
Edited by sel_69l
12/08/2021 5:56 pm
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 Posted 12/08/2021  5:48 pm  Show Profile   Check pristine2's eBay Listings Bookmark this reply Add pristine2 to your friends list Get a Link to this Reply
OK, here are the *real* pics:



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 Posted 12/08/2021  5:59 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Hard to believe someone didn't mess with that right obverse field.
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 Posted 12/08/2021  6:05 pm  Show Profile   Check pristine2's eBay Listings Bookmark this reply Add pristine2 to your friends list Get a Link to this Reply

Quote:
hard to imagine trying to sell a nice coin like that at an online auction with that thing in the photos.


I know. And only a total moron would actually bid on it. Oh, wait ...
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 Posted 12/08/2021  8:32 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Coin looks awesome in the holder. What do you find wrong with it? To me it looks much better than in the original pictures.
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 Posted 12/08/2021  8:56 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Must of pass QC when those TrueView Pictures were taken at the time.

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 Posted 12/08/2021  9:13 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
Pretty surprised that pulled 64. I'm still calling struck through in the field, but the damage circled in red all pass the same direction and look to be the same hit. Sure, it's a dime and that hit is pretty small, but it's still considerable for a proof IMO.

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 Posted 12/08/2021  9:52 pm  Show Profile   Check pristine2's eBay Listings Bookmark this reply Add pristine2 to your friends list Get a Link to this Reply

Quote:
Coin looks awesome in the holder. What do you find wrong with it? To me it looks much better than in the original pictures.


It looks okay -- like it is worth about half what I paid for it. Those spidery marks are scratches, not mint damage as I'd gambled, and there are light grind marks too.

The color is way dark, with absolutely none of the faint rainbow luster that was promised in the pictures.

Definitely my worst purchase of the year.
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 Posted 12/08/2021  9:56 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree, sadly. I really dislike this coin. Can you return it?
Edited by Coinfrog
12/08/2021 10:15 pm
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 Posted 12/09/2021  12:14 am  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
I think PCGS TrueView over saturate with color and sometime lighten their pictures, hopefully not too much damage to your wallet, like coinfrog said, return if possible.

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 Posted 12/09/2021  2:52 pm  Show Profile   Check westcoin's eBay Listings Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
I had it at PR63 before the reveal, I wouldn't have bought it at anything over 62 price myself.
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