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 Replies: 22 / Views: 4,672 |
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Pillar of the Community
Australia
1041 Posts |
Hi everyone,first post but long time lurker.I would like to comment on the large number of 1923 Half's that have been put up for sale the last couple of years,many going on ebay for the relative bargain price of $1000(+or-$).Most don't have any diecracks but seem to have genuine type dates.I remember back to my School days in the 1970's,we had a Coin/Stamp dealer talk to us for one period(Social Studies or Reading Class IIRC)per week on collecting.The two things he said that have stuck in my memory was not to clean coins,collect them in their natural state,and that every 2nd 1923 Half that passed by him was a fake,as were many Soverigns. Anyway,point being is there anyway to verify a 1923 from Photo's/Scans,I'm sure many are fakes using modern methods to alter date.Also I notice the "1930" Penny has been relisted. |
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Pillar of the Community
Australia
7096 Posts |
 Basil There are a multitude of fakes being listed on ebay  if I was to sell a 1923 1/2 or 1930 penny there is no way that I would put it on ebay. I would put it in the capable hands of an auction house  |
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Pillar of the Community
Australia
841 Posts |
Basil,  there is no way I'd put one there or buy from there as it seems a rip off and to buy off a pic as a few members here have pointed out and talked about the quality of coin received not being the same as the pic and especially if it's a coin like a 30 penny that starts at $18,000 for a VG at current book value..but each their own  |
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Pillar of the Community
Australia
1607 Posts |
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Pillar of the Community
 Australia
1041 Posts |
Thanks for the welcome guys,also thanks for the links,thats what I was looking for,it didn't come up when I Googled a few weeks back and the link in one of the other threads here no longer works.
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Pillar of the Community
Australia
841 Posts |
Thanks apple, it all help mate |
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Pillar of the Community
Australia
4411 Posts |
basil |
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Bedrock of the Community
Australia
21788 Posts |
Basil: Welcome to the CCF! That coin dealer gave you some very good advice, and I am glad the message has sunk in. You should always be wary of high value coins being offered on ebay, unless you know the guy who is offering has a very well established reputation. I always like to examine a high value coin in hand before I decide to buy. With '23 ha'pennies, '25 and '30 pennies, you do that examination with a jeweler's loupe. Actually, I have had a '23 ha'penny, and a '25 penny, sold them years ago, now, I wish I had not. Never been rich enuf to have a '30 penny. Edited by sel_69l
03/12/2012 10:25 pm
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Pillar of the Community
Australia
1041 Posts |
Thanks again for the welcome guys,i'll try and contribute some useful topics/info over the coming years.
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Pillar of the Community
Australia
507 Posts |
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Pillar of the Community
Australia
1041 Posts |
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Pillar of the Community
Australia
1295 Posts |
It's impossible to say if that coin is real or not based on the images. In any event the 23 1/2d isn't anywhere near as scarce on the market as some dealers might like you to think. I can remember looking at a dealers stock in Melbourne last year and he had half of one those little Numis albums full of 23 half pennies! They were all pretty ugly. Andrew Crellin has 4 or 5 listed up on his site now too. There was a shocker up there last week that was only $500 or so, but corroded and covered in verdigris :)
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Pillar of the Community
Australia
1041 Posts |
Quote:
In any event the 23 1/2d isn't anywhere near as scarce on the market as some dealers might like you to think. I agree 100% but I've been watching ebay Coins since around 2002 and 1923 halves were never this common or this (relatively) cheap.There may be reasons for it but something doesn't seem right,there appearing from everywhere.I've been asked to buy one for a friend,she inherited her Fathers coin collection and wants to complete it for her kids,bit nervous though,in no hurry but might have to pay a premium and buy one from one of the auction houses. |
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Pillar of the Community
Australia
1295 Posts |
Prices for key dates on ebay when sold by unknown sellers will pretty much always get much lower prices than retail or at auction. This is simply because buyers can never be sure if a coin from an unknown seller is real or not. That's why selling key date on coins thinking that lower fees is better (see the 1813 dump thread) is false economy when compared with the generally much higher prices paid in room auctions. |
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Pillar of the Community
Australia
762 Posts |
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That's why selling key date on coins thinking that lower fees is better (see the 1813 dump thread) is false economy when compared with the generally much higher prices paid in room auctions. Only if you are foolish enough to have a starting bid of 0.99c. The 1813 dump had a starting bid of $45,000, a price he was unlikely to get in a room auction, especially considering the 16.5% buyers premium which any buyer would have factored in to their bid. I guess the key is to have a starting bid that you are prepared to accept as a sale price if you are selling key date coins. |
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Pillar of the Community
Australia
1295 Posts |
Quote:
Only if you are foolish enough to have a starting bid of 0.99c. The 1813 dump had a starting bid of $45,000, a price he was unlikely to get in a room auction, especially considering the 16.5% buyers premium which any buyer would have factored in to their bid.
I guess the key is to have a starting bid that you are prepared to accept as a sale price if you are selling key date coins. Very true indeed :) |
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Replies: 22 / Views: 4,672 |
Posted 03/12/2012 8:05 pm
