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Does This Auction Look Legitimate?

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Author Previous TopicReplies: 15 / Views: 1,346Next Topic  
Pillar of the Community
Casutherland's Avatar
United States
520 Posts
 Posted 01/02/2011  03:07 am Show Profile   Bookmark this topic Add Casutherland to your friends list Get a Link to this Message Number of Subscribers
Here is the auction. I really want a started set of wheaties. Seems legit and a good price.

http://cgi.ebay.com/Lincoln-Cent-Co...em2c59d56e22

Let me know what you guys think and what I should bit on it.
Valued Member
Pinenut's Avatar
United States
462 Posts
 Posted 01/02/2011  03:30 am  Show Profile   Bookmark this reply Add Pinenut to your friends list Get a Link to this Reply
I don't see anything suspicious about this auction. I'm not sure that the total price including shipping is worth it as it's difficult to assess the condition of the coins there in the pictures.
Edited by Pinenut
01/02/2011 04:41 am
Pillar of the Community
mitchhailey's Avatar
United States
1150 Posts
 Posted 01/02/2011  04:05 am  Show Profile   Bookmark this reply Add mitchhailey to your friends list Get a Link to this Reply
I agree with Pinenut. Nothing really special about the cents or the album. And $16.00 shipping? Please. Your best bet is to get one of the albums and get the cents yourself. That way you can hand-pick what cents YOU want to add to your collection. It'll give you more of a sense of accomplishment, also. And I dug through the sellers feedbacks. Seems he sells quite a few of those folders and once sold 'unsearched' rolls of wheat pennies. Any seller who sells 'unsearched' anything raises a red flag with me. He also sold 20 pounds of wheat cents once that were returned by the buyer. Apparently he didn't honor is refund policy with this buyer when the buyer returned the pennies. I, personally, wouldn't buy this partial set or from this seller.
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Maineman750's Avatar
United States
3592 Posts
 Posted 01/02/2011  06:18 am  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply
This doesn't look too awful bad and the shipping is not far off (not sure what mitchhailey thinks it s/b)...the only thing that bothers me is the sellers rating...I shy away from less than 99% when they have over a thousand sales. But Casutherland, why don't you get one of those deals from Coppercoins,I've heard he sells some decent stuff to beginners ?
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upstate's Avatar
United States
3278 Posts
 Posted 01/02/2011  08:28 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
I actually think buying partial sets in a nice folder is a good way to start a new set.
That folder probably will cost you close to 20 bucks new and you get a bunch of commons out of the way
so you can concentrate on the real crux of putting a set together, acquiring the key and semi key coins.
If they are all ag-vg then I wouldn't be interested because you'll end up replacing them all but many of these coins probably are decent.

That being said I never had an opportunity to get a starter group from coppercoins as a beginner, and if I had, I would definately go that route!
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Coinstar's Avatar
United States
1510 Posts
 Posted 01/02/2011  10:53 am  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
I agree with Mitch--get a book and buy some pounds of wheats--and get the common ones--thats the fun in it IMO
Retired USAF 1983-2003
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Casutherland's Avatar
United States
520 Posts
 Posted 01/02/2011  11:17 am  Show Profile   Bookmark this reply Add Casutherland to your friends list Get a Link to this Reply
Ya I will probably do that, or I may just hand pick them all the way. Just start at 1950 and work my way down the ladder, getting the less expensive ones first and getting them in XF cond. I just thought that it seemed like a decent start set and not too bad a price.

Here is another auction that is similar that looks interesting.

http://cgi.ebay.com/ws/eBayISAPI.dl...:RTQ:US:1123

What do you guys think about this one.

Let me know what you guys think the best approach is to this.
Bedrock of the Community
United States
20753 Posts
 Posted 01/02/2011  11:39 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
The first one is in a Whitman Classic Album. I'd make sure that the album is included. Those sell for way over $20 and usually for the one with that many pages, about $25. The Album cover appears to be in excellant condition so that could mean the pages too are OK. Difficult to tell from the photo. 195 coins too is a decent cost if you could get it for that price listed but since this is a bidding thing, I wonder how muhc higher it will go. And remember almost any coins of value are missing.
If you could find a coin show somewhere you would see sets like this all the time. Then too you could examime the coins and not take pot luck with possibly damaged, excessively worn, basically garbage coins someone is trying to get rid of.
That second auction is in Folders and those are really bad.
Edited by just carl
01/02/2011 11:40 am
Bedrock of the Community
United States
20753 Posts
 Posted 01/02/2011  11:42 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I went back and looked at that second auction you posted and again can only say NO, stay away from that one. You really have no idea of what tose are.
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coppercoins's Avatar
United States
7629 Posts
 Posted 01/02/2011  12:12 pm  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
Work for 1909-1933 in VF/EF and get them in matching color.

Work on 1934-1958 in as nice a grade as you can find. None of them are really expensive.

Work on the Memorial set in nice BU grades.

All told, you will have a few years of fun and will have something worth showing off and selling down the road.

Semi-keys, keys, and soft keys should come first. Those will likely climb in value first, might as well get them as cheap as possible while you can. I can remember BU examples of the 1909S VDB offered at $500 when I started collecting. I should have done what it took to come up with the money for one back then, because now the same quality coin would cost me more than $5,000. Same rule applies now.
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Casutherland's Avatar
United States
520 Posts
 Posted 01/02/2011  2:49 pm  Show Profile   Bookmark this reply Add Casutherland to your friends list Get a Link to this Reply
Copper that is exactly what I want to do, I just cant decide whom I want to purchase them from, I have been pretty patient for about a week now looking looking and more looking. Most dealers have been closed due to end of the year taxing and everyone tells me to steer clear of ebay, so I'm kinda stuck either paying really high prices or just not getting any. Its hard to know what to really do.
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Coinstar's Avatar
United States
1510 Posts
 Posted 01/02/2011  4:22 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
this statement: ...I AM NOT A COIN DEALER/TRADER, but he does sell alot accordin
g to his feedbacks--interesting
Retired USAF 1983-2003
Pillar of the Community
mitchhailey's Avatar
United States
1150 Posts
 Posted 01/02/2011  5:12 pm  Show Profile   Bookmark this reply Add mitchhailey to your friends list Get a Link to this Reply
I think people tell you to stay clear of ebay because they've probably been burned. I know I have. I learned quickly, though, and didn't get taken for much. Your doing the right thing by asking around and doing your research. That is probably the most important step in buying coins. So if you do your research, and know EXACTLY what you are getting, ebay is a fine place to buy. Just steer clear of ANY 'unsearched' rolls. They MAY not have been searched by the seller, however they have surely been searched by someone, and the seller most definitely would know that. I'm glad you posted this because coppercoins has some really good advice on how to go about collecting the cents. I think I'm finally going to get serious about my Lincoln Cent collection!
Pillar of the Community
wheatguy's Avatar
United States
1534 Posts
 Posted 01/02/2011  6:36 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply

Quote:
Copper that is exactly what I want to do, I just cant decide whom I want to purchase them from,


It doesn't matter where you buy it from, if the price is fair and the coins are nice than go ahead and purchase the coins you want. Buying coins from one venue doesn't guarantee a better buy than buying from a different venue. I agree with mitchhailey, ebay is a great place to buy if you learn about the basics of grading and the general rules of not getting ripped off.
Pillar of the Community
Casutherland's Avatar
United States
520 Posts
 Posted 01/02/2011  7:18 pm  Show Profile   Bookmark this reply Add Casutherland to your friends list Get a Link to this Reply
I know its just hard to know what to get, what a good price is, and the condition of the coin. Nobody likes the feeling of getting ripped
Valued Member
soccerdad's Avatar
Canada
311 Posts
 Posted 01/02/2011  7:26 pm  Show Profile   Bookmark this reply Add soccerdad to your friends list Get a Link to this Reply
Sometimes as collectors we get great deals and sometimes we pay more than we should. Its all part of the learning process. Its Ok to pay a premium on a nice coin you really need. Any coin is worth what a seller is willing to pay for it. That is why trend prices are constantly changing. A lot of keys tend to go higher than trends at auction.

A great investment if you are able to find them are a few older Red books. I have several from 1961 to date. It is great to see how the values of coin go up.
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