| Author |
 Replies: 46 / Views: 6,268 |
|
Pillar of the Community
United States
8516 Posts |
Oregon coin geek.....*** GO BEAVS ! ! ! ***
|
|
|
|
Pillar of the Community
United States
4211 Posts |
Wow, and his last sale was for a raw 1797 Draped Bust dollar for almost $9,500.
Positive feedback from the buyer. Could be the real McCoy but I'm not an expert.
|
|
Pillar of the Community
 United States
8516 Posts |
His lack of sales concerns me a bit.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
|
|
Valued Member
United States
118 Posts |
Looks real to me and I'd say he's about right with the grade as well. If that's a fake I'd like to get a roll of them  |
|
Pillar of the Community
United States
8516 Posts |
Oh I'm not worried about it being real. Just five sales total. I know people have to start somewhere. It's gonna go big.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
|
|
Pillar of the Community
United States
1374 Posts |
I'm sure it will go for a price way beyond my price range, but I wonder why he didn't get it graded before putting it up for bid? I would think that he would probably easily recover the cost of grading and expand his bidders pool at the same time.
|
|
Bedrock of the Community
United States
12057 Posts |
It looks like a B-1 but I suspect the reason it is not in a slab is because it has been cleaned and quite possibly also engraved or tooled. The small pictures are not good for the kind of analysis such a coin needs.
Unless I had a very, very large bank account and didn't mind gambling a good sum of it I would not touch such a coin without professional authentication. Bandsdean gambled and won (big) with his gorgeous 1804, but not every gamble is going to win.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
|
Moderator
 United States
23522 Posts |
Quote:
It looks like a B-1 but I suspect the reason it is not in a slab is because it has been cleaned and quite possibly also engraved or tooled. The small pictures are not good for the kind of analysis such a coin needs.
Unless I had a very, very large bank account and didn't mind gambling a good sum of it I would not touch such a coin without professional authentication. Bandsdean gambled and won (big) with his gorgeous 1804, but not every gamble is going to win. Thanks, paralyse. You've made any post I could write redundant, because no further wisdom is needed.  Since it's me we're talking about, I'll type something anyway. This seller's an odd duck. Either a full-on collusion effort with shill bidding involved (unlikely; the Dollar mentioned had some pretty spirited bidding in a legit-looking pattern, save one glaring exception. Extra credit: What was that exception, and why?), or maybe a collector reaching the time to retire a high-end collection, or maybe someone who bought such a collection from someone in distress. Reality makes this the purest of hypotheticals ( ), but if it were my wallet opening I'd contemplate determining a reasonable price and bidding. |
|
Bedrock of the Community
13014 Posts |
Quote:
Thanks, paralyse. You've made any post I could write redundant, because no further wisdom is needed.
Since it's me we're talking about, I'll type something anyway.
This seller's an odd duck. Either a full-on collusion effort with shill bidding involved (unlikely; the Dollar mentioned had some pretty spirited bidding in a legit-looking pattern, save one glaring exception. Extra credit: What was that exception, and why?), or maybe a collector reaching the time to retire a high-end collection, or maybe someone who bought such a collection from someone in distress.
Reality makes this the purest of hypotheticals (), but if it were my wallet opening I'd contemplate determining a reasonable price and bidding. Three of them have the same underbidder. If they're legit who ever is selling them is leaving money on the table not getting them graded first |
|
Pillar of the Community
United States
2125 Posts |
|
|
Pillar of the Community
United States
7375 Posts |
Nice research. Any thoughts if seller bought it and cracked it out?
Edited by edweather
10/30/2017 12:26 pm
|
|
Pillar of the Community
United States
2125 Posts |
I'd say there was a 93% chance the current seller cracked it out of the problem slab.
|
|
Valued Member
United States
414 Posts |
Bands, I'd up your 93% to 99.93%. Great digging!  I've compared the unique flaws (the ones that I could make out from the small ebay pics) of the coin on the heritage coin to the unique flaws on the ebay coin and from what I can see, they are all there. Seems like quite the gamble to me tho... he needs to sell this coin for $5,200 just to break even. I'm not so sure if he'll succeed with that endeavor. |
|
Bedrock of the Community
13014 Posts |
Quote:
Seems like quite the gamble to me tho... he needs to sell this coin for $5,200 just to break even. More than that. He doesn't have an ebay store his fees are higher. Heritage also charges for shipping and all that on top of the sale price. Break even is more like 5500 Edited by basebal21
10/30/2017 3:56 pm
|
|
Valued Member
United States
414 Posts |
@basebal - He is an ebay store so his selling fees will most likely be capped at the $250 max plus around 3% for Paypal. Shipping from heritage is negligible ($30 to $50). The only other factor I omitted was sales taxes on heritage purchases as I assumed he was intelligent enough to find a way around that. |
|
Bedrock of the Community
13014 Posts |
You're right, it didn't show as a store for me earlier which is strange.
|
| |
Replies: 46 / Views: 6,268 |
Posted 10/28/2017 9:36 pm
