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 Replies: 45 / Views: 8,534 |
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Pillar of the Community
 861 Posts |
I'm sure if someone had bid on his buy-it-now for that $6,950 (by the way, that is WAY WAY WAY OVERPRICED) and than be told that oh, I sold it, the buyer would not be happy at all. It is an unprofessional way to conduct business. Sorry if there are some people here that seem to think that just because you are rich, you should be afforded special treatment for unethical/bad business practices. JMO
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Pillar of the Community
 United States
1949 Posts |
I have to respectfully vehemently disagree with equating an overpriced listing with a scam. I do not think there is anything innately unethical about listing something for a higher price than what someone believes to be the current market value of something. Unless someone is adding false information to make an item appear to be more valuable than it actually is, I do not think that a higher than market average place constitutes anything in the realm of 'scam'
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Pillar of the Community
United States
1554 Posts |
The coin you are referring to is listed in Penny Prices 2014 edition by Noyes, a suggested price of $6,500 in AU50....An AU55 would most likely command a much higher price as an MS60 suggested price is $10,500....And if the seller told me he had sold it when and if I had put in a bid on Buy it now , so what?
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Pillar of the Community
United States
1566 Posts |
Quote:
And if the seller told me he had sold it when and if I had put in a bid on Buy it now , so what? What the seller is doing is hoping that someone agrees to pay the higher price before he has to ship the coin at the lower price even though that seller has won a consigned auction. This doesn't bother you? You don't think that this is a deceptive business practice? Shame on you. As of right now the coin is still up! Edited by Celticsoul
01/26/2015 10:39 pm
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Pillar of the Community
United States
1554 Posts |
And you know this for a fact? I very much doubt that this is what they are doing.
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Pillar of the Community
861 Posts |
I'll try one last time. 1. I don't know this seller and I have NO problem with him asking for $6,950 or $69,500 for this coin, he can ask whatever he wants for it. I have seen this coin, in hand, and I'm surprised it's in the NGC MS62 holder, but, it is, and that fulfills ebay's requirements. 2. This seller has been listing this coin for 8 months on ebay, during that time, he has sent the coin to be pictured in the Goldberg auction catalog a couple of months ago, and to be auctioned off by them. During the time this coin was at Goldberg, he still had the coin listed for sale on ebay and when that listing ended, he again relisted on ebay. So, you draw your own conclusions from these FACTS. |
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Pillar of the Community
United States
937 Posts |
Uhm... Just asking here. Has anyone contacted the seller to askabout this? It is very probable that the fact it is still on ebay after 8 months has eluded the seller. How many listings does he have? It could be an oversight And if over pricing on ebay is a scam Then one could place alot of the big and respected name coin dealers on the scammer list. But what do I know? |
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Pillar of the Community
United States
4337 Posts |
I think the OP on this thread is way out of line to take his/her own assumptions and obviously presumptuous nature as a whole, and shove in our faces in the manner in which it is being done.
Your opinions are your own and where you're welcome to exercise your freedom of opinion as it is allowed in the confines of this community, your incessant rebuttals to those of us who disagree with your opinion are bordering on an over-the-top nature. What you see as FACTS, some of us see otherwise. So maybe they're not that FACTUAL after all.
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Moderator
 United States
23522 Posts |
Quote:I know the seller friscomint1793. I probably should not reveal his identity here, since he does not do so in his ebay store. Friscomint1973 is a pair of guys, one of whom is Chris McCawley's nephew, Lucas Baldridge. You can see Chris & Lucas pictured on the Home Page of Chris' site, earlycents.com. Lucas makes his identity plain on his ebay "About Me" page. |
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Pillar of the Community
United States
1304 Posts |
I'm surprised nobody has mentioned seeing the words "lot withdrawn" next to a lot in an auction. I usually take that to mean 1) It sold prior to auction or 2) consignor changed their mind or 3) the item was mis-attributed or authenticity in question. Just because the piece is consigned to an auction, doesn't mean that it has to be withdrawn from sale for months. As for the grade, its always subjective, as for the value, it's what someone will pay. It appears Friscomint1793 overpaid and/or the market didn't like the coin at that price, this happens. Friscomint1793 are premier copper dealers and I trust them completely (I'm not them, but have done business with them in the past). They have items priced from low to the stratosphere, something for everyone, and they are VERY VERY VERY descriptive and like others above have said, don't just say "see the photo". Their listings are like the listing in a higher end auction catalog, something refreshing when looking through garbage descriptions on ebay most of the time. |
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CCF Sponsor
United States
702 Posts |
I'd just like to add my voice to the chorus supporting friscomint1793. Fair copper dealers, absolute experts in the market. Some of the best in the business and usually, very fair in their pricing, imo.
As a coin dealer, you win some, you lose some. There is risk in the game and that's all part of the cost of doing business. NOBODY ever appreciates how difficult it is to be a coin dealer.
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Pillar of the Community
United States
1566 Posts |
In all honesty I spoke too soon yesterday implying that said seller engaged in deceptive business practices. I should have offered my opinion that the sale seems shady. I still feel that way but I admit that I stuck my foot in my mouth. That said, I personally feel that the seller should have ended the ebay sale as soon as the coin was consigned to an auction. That is simply my opinion and I apologize to the seller and other CCF members if I appeared boorish. |
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Pillar of the Community
United States
9792 Posts |
I've done business with Chris McCawley in the past, he is an ethical dealer, one of the best and well known EAC dealers in the coin business. Quote:
I think the OP on this thread is way out of line to take his/her own assumptions and obviously presumptuous nature as a whole, and shove in our faces in the manner in which it is being done. Totally agree with the quote/statement by dsfreworld above. And all of ProfLiz's posting. Remember McCawley (friscomint1793)is also an auctioneer and works very closely with Goldberg auctions, He could have had the photo taken, coin listed in the Goldberg auction all the while retaining possession of it while awaiting the auction (he is THAT important of a client with Goldberg's, he could have been showing it around along with other lots from the auction as well) Too many what if's here, but McCrawley/Grellman partner with Goldberg Auctions in many of their sales and have done so for decades, so to say they no longer have the coin when it's been consigned is flat out incorrect. The coin likely sold back to him, the net loss was probably absorbed in the credit/deficit he ran while bidding on many coins at that auction. Did you think the winning bid at Goldberg's auction could have come from the consignor directly? as a reserve or safety bid? Happens all the time, I certainly don't think Chris would pull a scam in the EAC world, he does deals in the millions regularly, a couple of thousand is not that much to him in a deal, besides there are a lot of convoluted backroom deals that go on when it comes to "Condition Census" early copper coins, I'd venture 99% of them are not scams, just very different than the normal way of trading or selling coins. It is my opinion that Friscomint1793 is a VERY reputable company, along with Chris McCawley, Goldberg (Ira & Larry), Chris' nephew Lucas Baldridge maybe new to the coin business but he has his uncle behind him, and to me that says it all. PNG members, ANA members, EAC members, NBS members, decades in the coin business with thousands of satisfied clients, says more than a presumption of SCAM in an internet post made by essentially anonymous persons. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2˘ variety collector. See my want page: http://goccf.com/t/140440 |
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Valued Member
United States
373 Posts |
Thank you, westcoin, for saying much more clearly what I wanted to say.
And it did cross my mind that Chris may have been the buyer, as well as the consigner, of the coin in the Goldberg auction. It is not unusual for the consigner to specify a "buy back" price that they will pay to retain the lot if the hammer price is too low. It's an alternative to a reserve price that lets the auction house mark the item "sold" (good for the house) and doesn't discourage bidding like a reserve price might (good for consigner). The down side is that the consigner typically pays auction fees that they wouldn't have in a reserve price situation.
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Moderator
United States
23522 Posts |
I can certainly see how this could be seen as morally shaky, though. I didn't stop wondering what the scam was until I saw who the seller was, and only then because his uncle would kill him if he sullied his name. That connection to Chris McCawley is the only reason I choose to think there's an innocent explanation for all this.
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Replies: 45 / Views: 8,534 |
First Page
Posted 01/26/2015 10:10 pm
