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I Thought There Was Only One MS-70 Penny?

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Pillar of the Community
pattiewhack's Avatar
Canada
1152 Posts
 Posted 01/08/2007  6:57 pm Show Profile   Bookmark this topic Add pattiewhack to your friends list Get a Link to this Message Number of Subscribers
Apparently not


http://cgi.ebay.com/1958-D-DENVER-W...GS_W0QQitemZ180070236333QQihZ008QQcategoryZ139805QQrdZ1QQcmdZViewItem?hash=item180070236333
Edited by pattiewhack
01/08/2007 6:58 pm
Rest in Peace
Morgan Fred's Avatar
United States
2684 Posts
 Posted 01/08/2007  10:16 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
Andrew, you got it! It's probably only an MS-63 (or less given the bag marks and what appears to be a water stain on the obverse) given SGS's penchant for grossly over-grading coins. And, the final bid price of 99 cents shows that the buying public is getting a grasp on SGS's poor reputation. Even with the shipping price of $3.95 (at least to my ZIP), the seller has gotta be losing big time on this auction, especially if he bought it from aboncom.

Fred
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bobby131313's Avatar
United States
24150 Posts
 Posted 01/08/2007  10:37 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
But Fred, it comes with a COA!

Susan and I used to sell hundreds of pieces of music memorabilia a wekk for a platinum power seller. Here is a very cool passage directly from his about me page about COA's

quote:
Do not rely at all on "COA's" as these are absolutely meaningless. They aren't worth the paper they're printed on. Anyone with a printer can make a COA, and if they're going to forge an autograph, they won't hesitate to make a COA. If you are looking for a fancy, multicolored, 3-dimensional, polka dot COA and a bad autograph, we suggest you go elsewhere.

The IADA does not issue certificates of authenticity and does not endorse the use of such certificates. In fact, from my observations, I can tell you that the more your COA corresponds to a piece of modern art, the less your item is likely to be authentic. I feel it's time for serious autograph collectors to rely more on logic and a trained, educated eye than a slip of paper painlessly issued by a merchant.



You could slip the word coin in there and it still pretty much makes sense.

Rest in Peace
Morgan Fred's Avatar
United States
2684 Posts
 Posted 01/08/2007  10:52 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
A few years ago, I had a potential buyer for a PCGS slabbed Morgan ask me if it came with a Certificate of Authenticity. When I explained that the slab WAS the COA, he still insisted on a paper COA. Never heard from him again.

Maybe I'm not looking at The Big Picture. Maybe I should go into the COA publishing business as The New Wave of Numismatics Sales.
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pattiewhack's Avatar
Canada
1152 Posts
 Posted 01/08/2007  11:41 pm  Show Profile   Bookmark this reply Add pattiewhack to your friends list Get a Link to this Reply
quote:
Originally posted by bobby
But Fred, it comes with a COA!


HEHE thats a good one! Mabye I should buy it to have a collection of false TPG examples!
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