Hmm... What Do You Make Of This Auction?

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Author	Replies: 23 / Views: 2,917	Page: of 2
SilverTurtle Valued Member United States 371 Posts	Posted 02/17/2011 6:33 pm http://cgi.ebay.com/1878-7TF-REV-78...IN_W0QQitemZ 120683383917QQcategoryZ39465QQcmdZViewItemQQ_trksidZp5197.m445QQ_trkparmsZalgo=TOPPRO%252BPSSI&itu=UCI%252BUCK%252BUA&otn=14&po=LCA&ps=63&clkid=7160571846270831825#ht_4573wt_1001 Coin does NOT look MS66 and looks cleaned.... Report this Post to the Staff

Canadian-Banknotes Pillar of the Community Canada 4944 Posts	Posted 02/17/2011 6:52 pm Thats a good reason to stay away from "basement slabbed" coins. They are usually over-graded. Edited by Canadian-Banknotes 02/17/2011 6:53 pm Report this Post to the Staff
Doucet Pillar of the Community United States 1315 Posts	Posted 02/17/2011 7:02 pm Buyer Beware If I don't see a good clear picture usually move on. Report this Post to the Staff
cwb1877 Pillar of the Community United States 1659 Posts	Posted 02/17/2011 7:05 pm I agree. It looks like a cleaned AU at best. Report this Post to the Staff
td5173 Pillar of the Community United States 565 Posts	Posted 02/17/2011 8:02 pm Looks AU at best and Cleaned. IMHO Tracy Report this Post to the Staff
ExoGuy Pillar of the Community United States 4416 Posts	Posted 02/17/2011 8:42 pm Undoubtedly, it's not as described. Obverse hairlines reveal a scrubbing. Report this Post to the Staff
Darth Anarchus Pillar of the Community United States 1388 Posts	Posted 02/17/2011 8:50 pm run away SilverTurtle! Report this Post to the Staff
Morgans Dad Pillar of the Community United States 5618 Posts	Posted 02/17/2011 9:00 pm This "company" is a once removed cousin to the SEGS Graders, every coin with this company is usually graded 4-6 grades higher than the reality of the situation. This coin looks like it was dragged behind a large truck interstate, extremely baggy, beat up, the hair on Anna's face and head is almost flattened totally, I would highly suggest laughing, for the reality is it is a joke, and then go to some of the closest coin shops and look at coins slabbed at say MS65 and get a good look, then compare the raw coins, in the same store along side the slabbed MS65 coin and you will, after a while be able to start your self on a grading education giving you the ability to KNOW what you are looking at "IN HAND'. Good luck, be patient, learning to grade a type coin is not an over-night education earning a diploma, it is the beginning to your knowledge base being better to assist you as you continue to seek out Morgans along the way.Just my Morgan loving opinion...... Report this Post to the Staff
Billie Pillar of the Community United States 592 Posts	Posted 02/17/2011 9:14 pm caveat emptor Report this Post to the Staff
Doucet Pillar of the Community United States 1315 Posts	Posted 02/17/2011 9:40 pm Silver Turtle.... Looks like from the replies so far, your first impression was was good one. Report this Post to the Staff
aladinslamp Pillar of the Community United States 3076 Posts	Posted 02/17/2011 11:58 pm I would recommend staying away from all of these poor grading companies...the over evaluate every coin you see...The BIGGEST CLUE is the poor photo's...its sad to see so many buying these "PROBLEM" coins and the values they attain..... Report this Post to the Staff
CEOcoinshop Valued Member United States 186 Posts	Posted 02/18/2011 12:50 am Run....Forest....Run!! Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 02/18/2011 05:31 am I can not believe someone paid 147.00 for that coin, usually these coins will get what they are worth, around 30 bucks. If you look for more of these slabs they are all the same with cleaned coins and high grades on the holder. These guys are worse than SGS when it comes to grading. They are both in the same category and I hate them both but this just amazes me that these guys can still get this kind of money for these things when I can list a MS-63 1878 Morgan and it sell for half that price Report this Post to the Staff
Jamez Pillar of the Community United States 750 Posts	Posted 02/18/2011 08:12 am PT Barnum was such a smart man.. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 02/18/2011 10:28 am slider unc, which is a polite term for au. even if there was absolutely no wear, it wouldn't rate higher than 60 with all the bagmarks. this brings up one of my recurrent gripes about slobbing services. instead of forcing potential buyers to learn what they're doing, we have a generation of coin buyers who only know how to look up the number on a plastic case. The serious ones will still buy overgraded slabsof the majors, the Clewless GnubeeÂÂÂâ„¢ assumes any coin in a plastic holder is new: "yeah, I inherited (or took as payment for a loan) some Indian pennies, and they're all new in plastic, just like they came from ther mint..." Report this Post to the Staff
Moe145 Pillar of the Community United States 8904 Posts	Posted 02/18/2011 11:33 am It apears the seller followed the ebay rules... Ebay's Stamp, Currency and Coin Policy Quote: Certified coins When listing a certified coin, the coin must be certified by one of the following authorized grading companies: Numismatic Guaranty Corporation (NGC) Numismatic Conservation Services (NCS) Professional Coin Grading Service (PCGS) Independent Coin Graders (ICG) American Numismatic Association Certification Service (ANACS) If the coin listed is not certified by one of these grading companies, the coin is considered raw and uncertified and is subject to additional requirements for sale. In addition, listings for certified coins must include an image of the item, showing the coin in its graded holder. The image needs to be clear and the grading company, grade, and certification number should easily be readable. Note: Coins minted before 1980 must show the full front and back of the holder. Coins minted in 1980 or after must show the full front of the holder. Raw and uncertified coins A raw or uncertified coin is defined as any coin not graded by an authorized grading company. Sellers can list these items on ebay as long as: A numeric grade (such as MS-65, VF-25) is not included in the title of the listing. A numeric grade can only be included in the item description. No grading company is referenced in the title or description. No estimate of value (even if personal opinion) or reference to a price guide is included in the title or description. The listing includes a photo of the coin being sold. Images that are dark, out of focus, edited, or might be misleading aren't allowed. Also, stock photos aren't allowed. Coins that are sealed in original U.S. Mint packaging include a photo showing the actual packaging. Edited by Moe145 02/18/2011 11:35 am Report this Post to the Staff
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