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 Replies: 18 / Views: 3,426 |
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Pillar of the Community
United States
2651 Posts |
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Pillar of the Community
United States
2757 Posts |
he is even an expert at spotting 'would-be' errors. aren't all coins without errors 'would-be' errors if an actual problem happened to cause them to be errors?
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Bedrock of the Community
United States
36800 Posts |
Quote:My pictures always show the coins that will ship to the winner. This auction is for a pair of Lincoln Pennies with different errors. I'm a whiz at spotting errors (and unfortunately "would-be" errors), but knowing the terminology is a different story - So I'll just describe what the errors appear to be. The 2006 coin looks like a "cloth strike through" error. There's a definite line that starts above the "L" in LIBERTY and runs downward at an angle. Above that line the coin appears to have grease marks across the front, but when you tilt the coin it looks more like a dirty cloth was burned on it. The 1960D cent contains an area (just to the right of the mint mark & the zero) that is missing copper. The only way I can describe this is by calling it a "reverse large Cud" spot. Yep, a definite legend in his own mind. |
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Bedrock of the Community
United States
17884 Posts |
So we have cloth pattern tarnish on a 2006 cent (looks like it was left on a doily table cloth) and the 1960 looks like it might have a die gouge through the 0.
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Pillar of the Community
United States
863 Posts |
I wish I had the guts to sell stuff like this. Id be a millionaire. I'm gonna go make a grilled cheese with the virgin Mary in it now.
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Valued Member
United States
397 Posts |
Next week he starts drilling holes in pennies and selling them as mint damaged coins...
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New Member
United States
36 Posts |
I'll start selling some zinc-rot coins as "experimental alloy failures" or something like that. It's brilliant. I'm a whiz.
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Rest in Peace
United States
3039 Posts |
"reverse large Cud spot"  |
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Pillar of the Community
United States
5832 Posts |
Quote:
zinc-rot coins as "experimental alloy failures" Patent that! So only you can sell it.  |
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Pillar of the Community
Russian Federation
5174 Posts |
If I did anything similar to that, I'd at least be honest  As in, imagine a listing like this: "Russian 10 copeck coins Die Clash error! Each coin in this listing is a Russian coin of the 10 copeck denomination, dated 2006 or later, with guaranteed visible signs of the so-called Die Clash error. Starting bid $0.99 each. Hurry, this could be your only opportunity to get an error coin that cheap!" ...Well, something like that anyway. And it would be all geniune die-clashed 10 copecks (dated 2006 or later of course). So what is the rip-off, you say? Well, the rip-off here is that die-clashed 10 copecks (plated-steel ones at least) are actually disturbingly common (I haven't done really major checks, but it seems to be on the order of 8-12%). This and their incredibly tiny face value (300 per $1) means that if coins are obtained at, say, three times face (and it's likely very possible to be much less than that), then checked for die clashes and the remainder just left as is (and it could easily be sold in separate unrelated listings), one would only need 15% of their die clashes to sell at $0.99 each to already get a profit! (Well, a profit ignoring ebay fees anyway... I'm not sure how much, even approximately, they would amount to in such a case.) And I'm sure that there are plenty of "fools" on ebay that would gladly pay even more than $0.99 for a geniune Russian error coin (which these are... heck, if you ever get to Moscow, I should show you my stash, I already have like 200 of these). |
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Pillar of the Community
 United States
2651 Posts |
Think I'm gonna start selling Russian Coins with the Hammer/Sickle Clash...very rare
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Pillar of the Community
United States
1807 Posts |
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Bedrock of the Community
United States
17884 Posts |
Interesting, your link goes to the ended auction and when you try to view the original listing you find that ebay has pulled the listing. but on the ended auction page it shows he has relisted it. So it is still there but they pulled the ended auction. |
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Valued Member
United States
460 Posts |
What amazes me more is that there are people out there that will spend their hard earned money on this junk that tends to perpetuate these listing practices. Buy the book first and educate yourself people. Sure, we all get fooled once in awhile. That is how we learn. But there is no excuse for much of this stuff selling on ebay as real mint errors. |
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Pillar of the Community
United States
3640 Posts |
Some basic math here. If he get's one .99 bid then
after all of the ebay/paypal fee's and a stamp and envelope etc.
A 19.5 cents profit per coin. Not a bad business.
I gotta go scrape up some more spare change from the ground at McD's
drive up window. Could be Rogue Mint Clash's, or was that Road Mint Rashes ?
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Pillar of the Community
United States
2624 Posts |
I sold a nickle that had extensive Die Deterioration.I was up front with it and it went for $1. No need too BS people. |
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Replies: 18 / Views: 3,426 |
Posted 08/06/2012 12:50 pm
