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Great Southern Coins Now A Crack Out Artist?

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BH1964's Avatar
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10982 Posts
 Posted 01/17/2014  01:04 am Show Profile   Check BH1964's eBay Listings Bookmark this topic Add BH1964 to your friends list Get a Link to this Message Number of Subscribers
A member of another coin forum bought this coin on ebay from GSC: http://www.ebay.com/itm/1859-S-Seat...047675.l2557

This same coin sold last year on Heritage: http://coins.ha.com/c/item.zx?hdnJu...8387&x=0&y=0

If interested in reading the thread it's here: http://boards.collectors-society.co...#Post7358294
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basebal21's Avatar
13014 Posts
 Posted 01/17/2014  01:14 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Havent they always been a crack out artist and famous for selling problem coins raw?

Maybe I just assumed thats what they were doing
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oih82w8's Avatar
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 Posted 01/17/2014  01:15 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Looks like the same to me. I was "blocked" from GS on ebay for correcting some of their listings. Perhaps that was a good thing. I used to look at GS coins on ebay and wonder if I could get back on their good side...not anymore.
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nlp coins's Avatar
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 Posted 01/17/2014  08:19 am  Show Profile   Bookmark this reply Add nlp coins to your friends list Get a Link to this Reply
Great find, I just dumped them off my mailing list. nlp
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SsuperDdave's Avatar
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 Posted 01/17/2014  08:42 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
We have to be careful about these accusations. Although these are clearly the same coin, what is not clear - no solid evidence whatsoever - is that GSC was the buyer of the Heritage coin. That's a quick route to a slander lawsuit.
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biokemist6's Avatar
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 Posted 01/17/2014  11:11 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
A coin can pass through a couple hands in 8+ months, it is difficult to make a connection after that much time has elapsed. When you see a coin sold at auction one month and it is cracked out and listed on ebay the next month, the connection is much more substantial.
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denco7's Avatar
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 Posted 01/17/2014  12:24 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
We have to be careful about these accusations. Although these are clearly the same coin, what is not clear - no solid evidence whatsoever - is that GSC was the buyer of the Heritage coin. That's a quick route to a slander lawsuit.


I'm sorry, if you want to be a national rare coin dealer and ebay "top rated seller" IGNORANCE is no excuse. If this forum can determine that the coin is a crack out, then so should they be able to. " Their " reputation is on the line. A little due diligence should be expected on their part (from any buyer), not a (purposely?) blind eye.

They should not be let off the hook. If they were not the original crack out artist, then they should, at the very least, be exposed as a "wannabe" national rare and classic coin dealer, that is incapable or unwilling to recognize a coin that has been improperly cleaned.
Edited by denco7
01/17/2014 12:30 pm
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SsuperDdave's Avatar
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 Posted 01/17/2014  12:46 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I'm sorry, if you want to be a national rare coin dealer and ebay "top rated seller" IGNORANCE is no excuse. If this forum can determine that the coin is a crack out, then so should they be able to. " Their " reputation is on the line. A little due diligence should be expected on their part (from any buyer), not a (purposely?) blind eye.

They should not be let off the hook. If they were not the original crack out artist, then they should, at the very least, be exposed as a "wannabe" national rare and classic coin dealer, that is incapable or unwilling to recognize a coin that has been improperly cleaned.


I'm not arguing any of that, just protecting my forum from possibly-actionable statements that will force me to limit the (deserved) publicity this kind of activity is getting. Nothing you said above falls under that consideration, but directly accusing the seller of being the crackout artist sure does.
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BH1964's Avatar
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 Posted 01/17/2014  1:41 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
I agree there's no proof GSC was the buyer of the Heritage coin. It's just that GSC's reputation won't get them the benefit of the doubt. Circumstantial evidence alone makes it tough to win criminal cases but this is a potential civil infraction where proof isn't needed. Find a few more of these "issues" and they'd be found guilty based on a preponderance of circumstantial evidence. Of course it never goes that far. GSC simply takes the return and pays a full refund including return postage and keeps on keepin' on.
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AgCoinAu's Avatar
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3049 Posts
 Posted 01/17/2014  2:08 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
This thread has been read 200+ times here and who knows how many times on the other forum that was linked...

All I can say is it's clear it's the same coin... They listed the coin as BU++... this alone would make me not want to buy from them. I'm sure they have people on staff that can tell if a coin has been cleaned... so they either ignored the details.. or they're unable to accurately grade and describe a coin.. either way.. I know I am not going to buy from them...

So sure if they cracked this one and re-sold later for a $400 profit.. great for them...they made rent that month... But I'm never going to buy from them after seeing this... I'm sure there's a few others that wont either... does that make for a net gain or profit?
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SsuperDdave's Avatar
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 Posted 01/17/2014  2:11 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Circumstantial evidence alone makes it tough to win criminal cases but this is a potential civil infraction where proof isn't needed.


Here's the rub, though: Any "infraction" would have all evidence based upon what the TPG's take great pains to legally define as a "subjective" judgment. They have a vested interest in not being legally held to their opinions, on the off chance that down the road someone will object to one of those opinions and litigate. In fact, I wouldn't be floored if something like this some day reaches court, and the TPG involved files a "friend of the court" brief supporting the defendant. Their justifications are in congruence.

That's the ugly-but-true side of crackouts.
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