Poll - Moral Dilemma? - Coin Community Forum

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Author	Replies: 5 / Views: 2,231
kbbpll Pillar of the Community United States 4233 Posts	Posted 01/11/2023 12:27 am Poll Question A 1947 Maple Leaf 50 cents is up for auction, TPG graded as MS62. The auction house has it listed as a Straight 7, because the TPG messed up and that's what's on the slab. It's clearly the Maple Leaf variety. The price difference between the two is more than double, but not astronomical, coinsandcanada says $139 versus $349. You've contacted the auction house previously about mistakes in their listings, and they're quite receptive about fixing things even when it was hyping a coin with false information. You don't really have any interest in the coin because you already have one. It seems odd that the seller never made the TPG fix the error. Do they not even know? I suppose it's the same as cherrypicking anything else where something isn't noted or is designated with the wrong attribute. Yet the angel on one shoulder tells me to say "hey, fix it!", while the devil on the other shoulder says "don't say anything, see if you can get it cheap!" I thought it might be interesting to see what other people say. What would you do? Poll Choices I would just watch it and see what happens I'd contact the auction, I feel sorry for the seller Snipe it if no one else notices - their loss, my gain Doesn't matter, astute bidders are going to see it anyway Other Report this Post to the Staff

I6609 Pillar of the Community United States 1228 Posts	Posted 01/11/2023 04:02 am A lot of people have put a lot of time and effort into knowing the coins they like and studying them if they can recognize something that others can't they should be able to reap the reward .Now if it was a personal friend I would change my tune and let my friend know of there error. Report this Post to the Staff
Sap Moderator Australia 16808 Posts	Posted 01/11/2023 5:38 pm There are people who collect "error slabs" - errors made by the TPG in wrongly attributing a coin. They would be interested enough to want to pay the difference between the two coin types, just to own the error slab. The fact that it's in an error slab might therefore be a selling point, so it would be in the auction company's best interest to point out the error on the slab. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
Levaril Valued Member Canada 289 Posts	Posted 01/12/2023 11:52 am For what it's worth, it is actually a straight 7, otherwise known as CL or curved left. It just also happens to have a maple leaf behind it too. :) You're right though, the TPG and the auctioneer got it wrong. Not really the auctioneers fault though with that one as they are just listing what is showing on the holder. It should be listed as S7 ML or CL ML or something similar. It does happen more than you would probably think and people happily scoop up things cheaper than they otherwise could. It also happens the other way and sellers believe they have something way more valuable than they do. I send a few messages monthly to sellers to help them update listings with correct information on Canadian coins and banknotes. More often than not that is on ebay and happens a lot with sellers from other countries who know nothing about our currency and like this it's often a variety discrepancy. For what it's worth now, if you really want to scoop it you should probably not make a post about it in a forum. Lol. Good luck. :) Report this Post to the Staff
kbbpll Pillar of the Community United States 4233 Posts	Posted 01/12/2023 3:14 pm It's true that this "experiment" has been ruined by me posting it here, as it's easily found at the auction site. And as a "moral dilemma" it ranks pretty low on the angst scale. I thought it would be interesting to see the poll results and how people respond to such a situation. I had not considered the "error slab" angle on it but it seems like the number of buyers in that niche would be rather low. I suppose my choice now is to ruin it for the ~one-third of the people who would snipe it, or just watch it and see what happens. There are currently more people tracking it than the MS63 1948 50c... hmm. Report this Post to the Staff
kbbpll Pillar of the Community United States 4233 Posts	Posted 01/20/2023 12:37 am Auction result: $192 with BP, 4 bidders. Conveniently, there was also a 1948 50c MS63, $276 with BP, 8 bidders. Those two have similar mintage and book values, back to back in the same auction, so it seems like a valid comparison. The mis-attributed 47 ML sold for 80% of J&M value and 75% of coinsandcanada value. The 48 sold for 83% of J&M value and 73% of coinsandcanada value. On the other hand, if bidders believed it was the regular 47 S7, it sold for 173% of J&M and 188% of c&c values. Pretty easy to conclude that at least two bidders recognized the listing error, either from this thread or on their own. It doesn't appear that the seller suffered from it. Report this Post to the Staff
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