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 Replies: 19 / Views: 3,076 |
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Valued Member
United Kingdom
115 Posts |
I was following this coin on ebay just out of curiosity. The comments say that "This coin weighs 19.47 grams,so its authenticity is questionable" but it received 14 bids and finally went for £36.00 (approximately $60) WHY  Or is it normal for fake CC morgans to demand high prices? http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWAX:IT |
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Pillar of the Community
United States
2254 Posts |
If it's a fake, it's a pretty good one. My guess is that someone is hoping that the scale was wrong or not zero'd properly. I'm certainly not an expert on Morgans, but at first glance, without the weight comment, I wouldn't immediately think counterfeit.
I think someone was just taking a chance.
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Pillar of the Community
United States
7123 Posts |
If its an american bidder they may not have realised that the pound is worth more than the dollar?
from the pics and the weight, the coin looks like a cast copy.
its hard to say exactly why some people bid on stuff.
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Moderator
 United States
23731 Posts |
I don't like the looks of this coin. I agree with Metalman it looks like a cast copy.
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Pillar of the Community
United States
8904 Posts |
IMO, the coin is definitely a fake. The 1885 numbers are wrong, the obverse hair is missing lots of details and the LIBERTY fades into nothingness. All not at all like a real Morgan. And then there's the weight. And the seller's disclosure that it probably is a fake. Oh, yeah, that too. And the foolish public that bought it anyway. |
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Pillar of the Community
United States
2797 Posts |
Without a doubt ... it's a copy. Why do people bid on stuff like this? They lack the necessary knowledge and are filled with mis-placed trust.  |
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Pillar of the Community
United States
968 Posts |
Even if I didn't have an ethical problem selling this I wouldn't do it in his case. His seller's history has only 90 feedbacks. Even if he says it may be fake, chances are the person buying it thinks it is real. If the buyer figures out it is fake he will probably leave a negative feedback, dropping his seller's rating to 98.9%. You really don't want to risk a negative feedback until you hit 200 or more auctions.
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Valued Member
United States
461 Posts |
I come down on the fake side also! It looks to be fresh out of the mold. I copied the picture and blew it up and it is pretty sickly looking.  |
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Pillar of the Community
United States
677 Posts |
Maybe the bidders don't know the definition of "authenticity" |
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Pillar of the Community
United States
618 Posts |
Maybe the bidder knows its a fake and is going to try to scam someone else on E-bay and turn a profit.
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Moderator
United States
16677 Posts |
Look at the edge and denticles. This is NOT genuine. What a shame. Oh well, either ignorant bidders or just plain dumb.
swcoin.ecrater.com
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Valued Member
Australia
126 Posts |
Buying it is not a good risk to take.
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Pillar of the Community
United States
8904 Posts |
You can get fake Morgans much cheaper than this...  |
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Pillar of the Community
United States
2254 Posts |
Don't forget folks, this auction was being viewed by thousands and thousands of people, and I would say at least 50% of them are not astute collectors. When I say it's a "good" fake, I am talking more general than the scrutinizing that is done by members here. Some can see it's a cast just by the color and surface finish of the coin. some concentrate on numbers and such. But if you go to the link on the left side of this page for Us Coin Facts and open up a picture of a Morgan in there and do a cursory look between the two, it has all of the major details. This isn't a counterfeit with one side not even belonging with another. If folks are looking to purchase a coin for a relative, and all they remember is that CC coins usually demand a premium, they will think they are getting a good deal. Look at the coin as if you were a non collector. What would you compare it to? It stinks, but it happens a lot everyday.
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Pillar of the Community
3660 Posts |
I can certainly appreciate the words of understanding SeatedNut & tights24. I am fairly new to all of this numismatic stuff, and cannot tell a counterfeit from genuine; coin or currency. I am not in buying mode for either, but if I were, some folks here would be calling me all sorts of names, rather than terms like uneducated or inexperienced. I consider myself lucky in that my interests so far are comprised of the processes of production rather than the product itself.
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Pillar of the Community
United States
968 Posts |
zeewool, If anyone was to use harsher words in this case it would be because the seller is very clearly saying that this might be a fake. I don't care how real the coin looks, on ebay you need to be very cautious. So if the seller questions its authenticity you should automatically assume it to be a fake and walk away. In a normal auction where the seller claims the coin is genuine then no one will blame an inexperienced buyer. But if someone were to buy this coin after ignoring such a clear warning sign I might not say harsh things about him, but I would have less sympathy for his mistake than one where there was no warning by the seller. |
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Replies: 19 / Views: 3,076 |
Posted 01/05/2010 07:42 am
