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 Replies: 17 / Views: 3,024 |
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Rest in Peace
United States
4849 Posts |
Hi everyone? I am new here. I began collecting coins many years as a child, but only recently got really into it. I primarily collect Lincoln cents and old US gold coins. Anyways, I recently purchased an 1899 MICRO-O Morgan for $30 that was NAC graded MS-64. Now I know that NAC strongly overgrades the coins compared to like PCGS. As a matter of fact, PCGS doesn't even have a listing for this coin in MS-64....but lists for $3000 in MS-63 and 2000 in MS-62, then drops dramtically to $275 for AU-55. Looking at the coin, what would be your estimate grade? Here is the link to my purchase: http://cgi.ebay.com/ws/eBayISAPI.dl...WN:IT&ih=012I don't have a RedBook, but even if the coin was an EF, it seems it would still be well worth the $30 I paid for it. What is confusing is that an 1887s with the same NAC-MS64 grade sold by the same seller went for $280, and its not nearly as valuable as the 1899 micro O in any grade. Ebay Link removed Am I missing something here? Maybe it was mislabeled as MICRO-O....or just ridiculously overgraded. It doesn't seem possible that I would get that great of a deal. Thanks, John Ebay link removed By MetalmanEdited by johnny54321
03/17/2008 01:59 am
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Pillar of the Community
United States
7123 Posts |
Hi John Welcome to the forum . You may have noticed that I remove the links for the 1887-S Morgan from your post ,, I have left the one for the 1899-Micro O . In the future please adhere to the rules concerning posting outside links by New members with less than 50 posts . Here is a link to the forum rules . http://www.coincommunity.com/forum/rules.aspconcerning the 1899-O coin in the above auction ,, from the pictires provided I cannot tell that the coin is an O mint let alone a micro O . The coin does appear to me to be harshly cleaned and well below the MS 64 grade . but without better pictures It is really tough to tell just how far . it seems to me that the selling point of the coin is the micro O and if the seller was sure that is what the coin is then He would have provided close ups of the MM. perhaps when you have the coin in hand you will provide better pictures for us to look at ? Metalman |
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Pillar of the Community
Canada
1267 Posts |
Hi Johnny, and welcome aboard!
Luckily, you have a full return on that coin. Return it.
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Pillar of the Community
United States
2049 Posts |
Hard to tell with the pictures provided but I would guess EF-40 at best and I agree that it looks cleaned. As a rule of thumb, I stay away from third party graded coins other than PCGS, NGC, or ANACS and especially stay away from graded coins that dont have an individual serial number for the coin. Also, stay away from those companies that have no website or a generic website that has no submission or population info. This seller is probably buying the slabs somewhere and printing up his own labels, or having someone do it for him to boost profits.
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Pillar of the Community
United States
2049 Posts |
By the way, I looked through more of that seller's auctions and all the coins seem way overgraded. Take a look at the 1878-CC Morgan graded as MS-67 DMPL. From the closeup of the coin it has scratch marks all over the obverse indicating some harsh cleaning being done to it. The reverse shows the same scratch lines.
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Rest in Peace
 United States
4849 Posts |
hmm...sorry about not following the rules. I'll be more careful next time.
Yeah, I figured it was overgraded. I think the selling point to me is whether or not it is truly a MICRO O. Even a low-grade micro-O is worth $30, so I'll keep it if that is the case....if not, back to the seller it goes with some negative feedback for mislabeling.
I feel sorry for all the poor chaps that are paying hundreds of dollars for even more common date morgans from this seller.
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Pillar of the Community
United States
6381 Posts |
Hello Johnny,
Welcome to the forum! I hope you enjoy reading and posting here; I know I do!
Your plan sounds like a good one. If it's a true micro-O mintmark, it would be worth $30 even in what looks to be "EF-details, cleaned" condition. If not, send it back. Please try to post images when you get the coin, especially detail photos of the mintmark if possible.
Again, welcome!
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Valued Member
United States
328 Posts |
quote:
FACT! + All US coins were minted by the US Mints!
Really? I thought that they were made by DELL! Bummer...  That coin is harshly cleaned with low XF details. I doubt it's even a Micro O. quote:
AT COINMADZ YOU ARE TREATED LIKE FAMILY!
I'd hate to be in his family.  |
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Valued Member
United States
130 Posts |
Did anyone click on the feedback number? I'm not sure I understand why the seller has 100% feedback but have negatives in the past 12 months - unless that's the result of the recent feedback change. If so, a quick glance at the feedback % is useless.
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Bedrock of the Community
United States
17884 Posts |
Coinhunter is correct it is an XF coin and harshly cleaned. Worth maybe the value of a F coin at best. The bad part is that from what I see it is NOT a micro O.
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Rest in Peace
United States
4849 Posts |
Well I got the coin today. I must say, you guys are all COMPLETELY right! The coin is junk, and looks even worse in life than it did in the pics. I'd argue it is more in the VF range. And it is not the micro-O. I feel ripped off; but I wont get refunded shipping if I send it back, plus Ill have to pay shipping again to send it! Its almost worth it just to keep it and chalk one up to experience. I really dont understand how he has 100% feedback. And someone just bought an 1887-s that looks just like mine for $867! Do you think he is bidding on himself to make his junk coin look better? Who knows, I'm a little mystified by this seller.
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Valued Member
United States
51 Posts |
If its not a micro-o you could probably file a complaint with ebay due to false advertising. They are serious about that. Also, you you paid with paypal you can open up a paypal dispute. |
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Pillar of the Community
Australia
1014 Posts |
I agree Johny, this coinmadz seems to WAYYYYYYY Overgrade his coins.... Even a noob like me can see that coin is definitely NOT MS67... Outrageous I must say.... File a paypal dispute..... Get your money back fully....
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Pillar of the Community
United States
4541 Posts |
Welcome to the forum johnny! yeah you need to report it or he will keep ripping off people. Mlfly ebay when they made all the changes earlier in the year with the price to sell listings and all that did change there feedback policy. I think after 12 months negative feedback is of no effect. bad in a lot of ways. Good for the people who mess up accidentally and have to be scared by someone who is mad and wants to leave bad feedback. When I was first new to ebay not knowing much about it I was signed in and I was looking at an object and I clicked buy it now accidentally scrolling through the page and got left bad feedback b/c I didnt want the item I tried to talk to the guy but he wouldnt listen Just said won my auction refused to pay. But now it makes you confirm when you click it but not then. Edited by daviscfad
03/20/2008 11:02 am
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Valued Member
United States
143 Posts |
Welcome, this guy is one of the biggest crooks selling coins on ebay! I love the phrase in the red box. "Think Smart! put your money in the coin-not in the fancy name on the holder!" Hopefully you'll get your money back if you send them the coin back. That coin is worth melt value after what he's done to it, if it's real. But at least you were treated like family. |
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Bedrock of the Community
United States
17884 Posts |
quote:
Do you think he is bidding on himself to make his junk coin look better?
It is quite possible. Now that ebay has "taken steps to stop fraud" by making all the bidders ids hidden, I'm sure a lot of shady sellers are now shill bidding their own auctions because it is now impossible for real bidders to identify the shilling. |
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Replies: 17 / Views: 3,024 |
Posted 03/17/2008 05:03 am
