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Burned... A Disappointing Mixed Lot.

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ThisIsFun's Avatar
United States
2480 Posts
 Posted 11/26/2013  07:48 am Show Profile   Bookmark this topic Add ThisIsFun to your friends list Get a Link to this Message Number of Subscribers
Guess my luck ran out.

Bid blind on another large mixed lot, this time from Stack's. No pictures. The description was

Quote:
Approximately 93 pieces in lot. Comprised of mostly bronze coinage from throughout the Greek world, and silver and bronze issues from the Roman Empire. Of note is an AE Sestertius of Pompey the Great with a Janiforic portrait obverse, an AE Sestertius of Vespasian and a new style Athens Tetradrachm. Several pieces with rough or tooled surfaces. Also includes a copy Decadrachm. Should be examined closely. SOLD AS IS/NO RETURNS.
VERY GOOD-VERY FINE.

...which I apparently misinterpreted as containing mostly Greek bronzes... plus some Romans. I'm not very interested in Romans bronzes.

Received it today (took them over a week to get it in the mail, even though I paid within moments of receiving the invoice). Haven't looked carefully at anything, most have partial attributions (of which many aren't correct, at a mere glance), and there are only 17 Greeks. Most of the entire lot is in pretty bad condition, including the Greeks-- not the quality of coin I would ordinarily buy. There are probably a few of the Romans which are interesting or of more value, but overall, ugh. I really overpaid, since most of them aren't anything I would collect.

The first thing I pulled out made my heart beat faster. A Galba sestertius. Then I looked at the enveloped. "Fake".

Burned...-A-Disappointing-Mixed-Lot.

Of the Romans, most are Constantine era or later. Blah.

Guess I'll have to try to sell them, and I really didn't want to get into the coin selling business.

There are a few coins with some promise, but I wasn't really wanting to deeply study Roman Imperials right now. Sigh. Can't win them all I guess.
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echizento's Avatar
United States
23731 Posts
 Posted 11/26/2013  10:00 am  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
I'm surprised that Stack's would have any fakes in there sales. Guess they don't check what there selling.
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pishpash's Avatar
United Kingdom
3626 Posts
 Posted 11/26/2013  10:04 am  Show Profile   Bookmark this reply Add pishpash to your friends list Get a Link to this Reply
Bad luck TIF. I would have read it the same way as you. How is the Pompey?
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BStrauss3's Avatar
United States
4594 Posts
 Posted 11/26/2013  10:05 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Contact Stacks. If that isn't the copy they alluded to then you have a meaningful difference between what was offered and what was delivered. Especially if a piece was known to be fake and not disclosed!
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Ben's Avatar
United Kingdom
4208 Posts
 Posted 11/26/2013  10:08 am  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
Nice Galba paduan...not cheap things those. My lead struck thing was probably contemporary to yours.

There are some rare romans...if you take a big picture of all the reverse, it should be clear if any of the rarer ones are in there. Theres a few rare emperors to look for and a couple of bust types too.
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 Posted 11/26/2013  10:11 am  Show Profile   Bookmark this reply Add FVRIVS RVFVS to your friends list Get a Link to this Reply

Quote:
I'm not very interested in Romans bronzes


What !!!!!!!!!!!!!!!


I am speechless ........ (I am without speech)

The description does seem to imply what you 'thinked'.
I did the same once with an auction and ended up with 4 "Sicilian AE" almost blank disks for $125 ......

Buying blind is a very risky proposition !
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ThisIsFun's Avatar
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2480 Posts
 Posted 11/26/2013  10:46 am  Show Profile   Bookmark this reply Add ThisIsFun to your friends list Get a Link to this Reply
Yeah, it was a risk. I'm sure as I look into things further there be items of interest.

I will research the Galba and try to figure out if it was made in the 1500's or if it is a more modern copy of a fantasy coin.

I am not going to contact Stack's about the Galba. The lot description said "approximately 93" and mentioned the fake deca but not the fake Galba, nor did it state there was a Galba sestertius in the lot. The actual count of coins in the lot is 95, so I have no quibble about the fake Galba.

Pish, the Pompey is pretty crummy. At work now, not able to scrutinize the lot. I'll take a closer look this weekend. Guess I'll have to bone up on Roman Imperials. Or maybe not. Maybe I'll just put them aside for some time when I have the desire to go there.
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Ben's Avatar
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4208 Posts
 Posted 11/26/2013  11:00 am  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
It looks modern to me. Post 1700...id guess a cast copy of an older one, perhaps made around the victorian period. I say that because it looks like the surface is acquiring a tone aside from the stuff put on in the manufacturing process.

Make sure to look out for Procopius, VIRTVS blah (with the big X) and Devicta (and the other rare western reverses)
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Dutchgulden's Avatar
Netherlands
1204 Posts
 Posted 11/26/2013  11:32 am  Show Profile   Bookmark this reply Add Dutchgulden to your friends list Get a Link to this Reply
Oh man, thats really bad! Next time more luck! (or is it the last time youre buying blind?)
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IndianGoldEagle's Avatar
United States
36880 Posts
 Posted 11/26/2013  11:40 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Over the years I have learned that lots contain many items the seller can't or doesn't want to take the time to sell individually. It's the only way they can unload unwanted items. Now I only buy what I can see and what I like even though it costs more.
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maridvnvm's Avatar
United Kingdom
2100 Posts
 Posted 11/26/2013  1:11 pm  Show Profile   Bookmark this reply Add maridvnvm to your friends list Get a Link to this Reply
Th eGalba doesn't look sharp enough to be a true Paduan but is likely a later aftercast. At least it's not an aftercast of an aftercast....
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pishpash's Avatar
United Kingdom
3626 Posts
 Posted 11/26/2013  2:48 pm  Show Profile   Bookmark this reply Add pishpash to your friends list Get a Link to this Reply
Look on the bright side TIF, there are 95 potential prizes. I vote TIF hosts the next 50 smackdowns

Sorry TIF, I really am sympathetic, I really am
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echizento's Avatar
United States
23731 Posts
 Posted 11/26/2013  5:01 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
If it were a Paduan it would have had some value. They were well made copies.
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chrsmat71's Avatar
United States
4973 Posts
 Posted 11/26/2013  10:00 pm  Show Profile   Bookmark this reply Add chrsmat71 to your friends list Get a Link to this Reply
....just mail all those junk to me so you don't have to think about them anymore.


seriously, I still think you'll have more fun than you think with that lot...maybe not as much fun as you paid for..but you may be surprised.

...could be time to open up TIF's Coin Shop? Us bottom feeders and bargain hunters need to buy coins also!
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United States
549 Posts
 Posted 11/26/2013  10:41 pm  Show Profile   Bookmark this reply Add augustus1 to your friends list Get a Link to this Reply
Dealers buy groups of coins and collections that include some fakes. How do they get rid of the fakes? They sell low grade coins and the fakes in lots "Sold as is. No returns." That is description that serves as a warning. The "Should be examined closely" admonition is further warning that not all "coins" may be as they first seem. These sentences are well-known lingo in the trade. Bidding on unpictured lots is very risky. Bidders who have seen them know how how high to bid. You may phone the firm well in advance and ask them to describe a lot to you. But, it is pretty easy to take a photo of a large lot and put it on-line if it has anything good in it. When they don't have a photo, expect the worst.
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ThisIsFun's Avatar
United States
2480 Posts
 Posted 11/27/2013  02:25 am  Show Profile   Bookmark this reply Add ThisIsFun to your friends list Get a Link to this Reply
Well, this has cured me of buying blind for a while. Certainly never again from Stack's.

As for the "sold as is, no returns" and "should examine closely", I've seen that on every unphotographed mixed lot I've considered, including some real winners I've bought. So that in and of itself didn't raise a red flag.

Stack's grossly overestimated the value, unless there are some unexpected rarities amongst the Romans. My experience with other mixed lots has been that the estimated value is considerably lower than reality. I think they overestimated the average condition as well-- a double bummer when paired with the fact that they are mostly LRB.

Truthfully I don't mind having those two fakes-- they're rather fun and Stack's didn't include them in the coin tally, and I didn't count them in my head. I just hope that new style Athens tet is not a fake. I don't know the series well enough to make the call yet. It's in OK condition, not great, but I didn't expect it to be higher. Still, it probably represents the bulk of the value of the lot. I'm speaking prematurely though since obviously I haven't closely examined the whole lot.

I should have called beforehand to see if I could get a better idea of the mix, Greeks vs Romans.

Disgusted by all the blah condition LRBs. As chrmat said though, maybe they'll be fun on a rainy day in the future. And maybe there will be some interesting stuff in there when I take a closer look, whenever that may be. Probably not soon. When I do it will take a long time since while most have an old envelope with writing, the writing generally just says an emperor's name, nothing more. And that may not even be correct for some. It looks like this is mostly one person's collection, probably from the late 1950s to 1970s, (based on some dates on some of the envelopes).

Bottom line though: no one held a gun to my head and made me bid on this lot. I've had great luck and great fun with the other mixed lots I've bought. Not this time though. It was going to be my last big purchase for the year, had hoped to have a lot of Greeks to ID and play with. This time my gamble did not pay off.
Edited by ThisIsFun
11/27/2013 02:33 am
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