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 Replies: 11 / Views: 1,400 |
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Pillar of the Community
United States
615 Posts |
Just going through and looking at things I cannot afford. Then I see this beauty: http://cgi.ebay.com/1877-Proof-Indi...in_W0QQitemZ390020979866QQihZ026QQcategoryZ41085QQssPageNameZWDVWQQrdZ1QQcmdZViewItem What the heck is this? And why do the numbers 77 look lower then the 18? I'm confused. EDIT: I fail at typing Edited by HippieOutcast
01/02/2009 01:57 am
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Pillar of the Community
United States
5318 Posts |
I'm confused too. If that were real, why would anyone slab and photograph it that way?  Too much money at stake--unless something's wrong. Hard to verify from those pics. A few of the obverse dies have dates where 77 is lower--just looking at my Snow guide. |
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Moderator
 United States
23500 Posts |
Not so positive it is slabbed it looks like some plastic sleeve covers I have.
Look at his feedback to low for me to purchase even a $5 coin from yet a questionable coin for $6,500
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Valued Member
United States
193 Posts |
My guess would be a scam.
If you are selling an item at that price you get decent pictures and pay the $1.75 listing fee to get 12 large pictures instead of 2 out of focus compressed JPGs. If you can't take decent pictures, you find someone who can. Also you get it graded/slabbed by a reputable service, no service name on that one.
plus you list it as cent and if you use penny, it's spelled penny instead of pennny
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Pillar of the Community
United States
6384 Posts |
This deal COULD be legit. The grading service is PCI which is at least sometimes accurate. The last two date digits on an 1877 cent are lower than the first two, so that looks OK. $6500 for a PR-65 red-brown example is however too high. Recent Heritage sale prices for this coin in NGC and PCGS holders range from $4456 to $6900. I'd expect a PCI example to sell for significantly less. The problem with PCI coins is that their PR65RB might actually grade PR63 Brown at PCGS or NGC. Or, it could cross at the same grade. Since you can't be sure, I think you would be foolish to pay the asking price.
The poor photos further undermine this dealer's credibility.
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Pillar of the Community
United States
2602 Posts |
I wouldn't go so far as to say it's a scam, but certainly better pictures are needed and you can often request that from the seller and they will comply. For this much money, I'd think the seller would be motivated to provide you better pics.
The big problem for me is authenticity. It is in a slab that is meaningless to me- not one of the upper tier companies. So you have to question even if it is authentic. Without seeing better pictures, we cannot determine the authenticity issue.
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Moderator
United States
23522 Posts |
Check out this seller's other stuff, and then decide on this coin. Among his other offerings are a PCGS 1909-S/VDB in MS63, an ICG 1893-S Morgan and an NGC 1913 T2 Buffalo in MS64. There's also a circulation 1877 Indian in an NGC slab. I suspect the seller is an old-timer who hasn't entered the Age of Technology gracefully.
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Rest in Peace
United States
3039 Posts |
I agree with all the above. Not a good way to sell a major coin with crappy photos. And is that Joe's friendly we-slab-em service at work ?
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Pillar of the Community
 United States
615 Posts |
I just figured that when you would try to sell a $6000 coin, you would try to display it better, as well as spell things correctly.
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Bedrock of the Community
United States
12437 Posts |
Quote:
And is that Joe's friendly we-slab-em service at work ?
That is a PCI slab, one of the more recent ones. PCI started out as a legitimate TPG but had alot of turnover in ownership and the standards slipped a bit but they were still good at authentication and fair-passable at grading. The older green label slabs tend to have more conservative grades. They recently went out of business and David Lawrence Rare Coins purchased the rights to them, restarting the company as Dominion Grading Service(DGS). I would bet that coin is probably not a 65, more than likely 63 or 64 and still a valuable coin in its own right. The problem is PCGS Price Guide lists a 65RB @$6250, 64 @$4500, and 63 @$3400 so even if it was a 65, the price is too high but it could be almost twice as high as it should be  |
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New Member
United States
31 Posts |
I just looked at this auction... sure, he asks for a buy it now price of 6500... but he also has a best offer as a choice... Certainly, 6500 is way too much for that coin, but you could use the best offer and submit an offer of half that and see if he accepts.
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Pillar of the Community
United States
860 Posts |
The '77 IHC is an NCG 53, and the price may be a little high, but a valuable key. Also has a 55/55 Lincoln. The Isabella Quarter looks worked on to me. Jim |
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Replies: 11 / Views: 1,400 |
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Posted 01/02/2009 01:53 am
