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From An Estate -- So What?

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houston_guy462004's Avatar
United States
235 Posts
 Posted 12/04/2006  7:57 pm Show Profile   Bookmark this topic Add houston_guy462004 to your friends list Get a Link to this Message Number of Subscribers
On ebay, I frequently see a coin advertised as "from an estate." I think, SO WHAT? Is there any significance at all to this designation of which I am unaware? Legally, it simply means the coin was the property of someone who croaked.

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fengk's Avatar
United States
986 Posts
 Posted 12/04/2006  8:02 pm  Show Profile   Bookmark this reply Add fengk to your friends list Get a Link to this Reply
nope, but some ebay bidders have more cash than brains, so they interpret "estate" as meaning "someone with lots of cash and lots of good coins".
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Bryan1315's Avatar
United States
14454 Posts
 Posted 12/04/2006  8:09 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
and they interpret it as fresh material that is coming on the market that has been off the market for awhile
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dsking's Avatar
United States
2365 Posts
 Posted 12/04/2006  9:31 pm  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
While there MAY be a legit seller from of an Estate on e-bay here and there...for the most part I believe NOT! As I remember, we've had some members burned by e-bay sellers claiming to be "Estate Liquidators"..caveat emptor!
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United States
751 Posts
 Posted 12/04/2006  11:19 pm  Show Profile   Bookmark this reply Add texasmick to your friends list Get a Link to this Reply
To me, it means: Buy a Dead-Guy's Coins for Cheap!

Oh boy, that makes my heart race...


not

BTW, I believe Bryan's interpretation is correct.
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bobby131313's Avatar
United States
24176 Posts
 Posted 12/04/2006  11:49 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

You're all reading more into it than there is. Estate is one of the highest searched terms on ebay, that's the only reason they put it there.

A few months ago, someone realized that if you clicked on the search box in the top-right of any ebay page without entering a term, that it would actually do a search for "start new search". They thought they were brilliant and posted this fact on a bunch of message boards. Before you knew it, there were 100,000 listings with "start new search" in the title. Now these people wasted 16 precious characters in their title thinking that people who accidentally hit the search button prematurely would buy all their stuff. Well, that's ridiculous, but they think there the smartest sellers' on earth.

It's the same with "estate", if they would put "coin" (which is what their selling, duh) they'd make a whole lot more sales.

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Sap's Avatar
Australia
16859 Posts
 Posted 12/05/2006  03:13 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Curious. Why would hordes of people search for "estate"? Is it homebuyers searching for "real estate"?

I always thought the theory behind "estate sales" sellers was that newbies would think the seller, not being a dealer or collector, won't really know what they've got, so it wouldn't be surprising if "rarities" were selling cheap.
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
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Australia
3831 Posts
 Posted 12/05/2006  08:40 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
You will never know what's in a hoard. Sometimes, you hear mad stories about how one have found a key date in a collection that a seller didn't bother to describe properly or wasn't too clear in the photos.

What can be possible is that in an estate is that it might be a "deceased" estate from a hardcore coin collector and their sons or daughters didn't know what to do with them. Quite likely - our collection might end up as such sales one day.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 12/05/2006  09:11 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
well if mine ends up in one there will be allot of disappointed collectors looking around at it
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dsking's Avatar
United States
2365 Posts
 Posted 12/05/2006  09:39 am  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
A genuine "Estate Sale" generally means the possibility of "antiquities". If an Estate Liquidator handles the sale then the chances are that the values are known and higher than a yard or garage sale type. I have a collector friend (coins) in his 80's that is considering liquidation of his collection before he dies as noone (left) in his family has any interest or knowledge of coins...sad but true. He does not wish to leave the burden of selling his collection to his "estate". If someone dies and there is no allocation for their coin collection then it is sold by guess who? That's one way that they get into the hands of greedy "liquidators" and possibly e-bay sellers. For the most part though it's sales jargon on e-bay.
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jcook54's Avatar
United States
533 Posts
 Posted 12/05/2006  09:52 am  Show Profile   Bookmark this reply Add jcook54 to your friends list Get a Link to this Reply
I agree with all of the interpretations posted so far. However, I don't think it is odd in any way that people would put "estate" in there description. If it gives it something a bit different than the rest, it is just marketing. Marketing is o.k. What I do have a problem with is FALSE marketing. It seems to me that the opinion of the forum is that most of these "estate" coins are nothing more than sellers trying to falsely market their coins as something they are not. That is like Coke telling you that by drinking their product you will be able to bench press 25 more pounds. We all know that this is not true, but the false nature of the claim annoys me.

Personally, my favorite sellers are all very straight forward, easy to understand and give brief yet accurate descriptions of their items without any graphics or hype.
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houston_guy462004's Avatar
United States
235 Posts
 Posted 12/05/2006  11:00 am  Show Profile   Bookmark this reply Add houston_guy462004 to your friends list Get a Link to this Reply
I really have to take the cynical view that seller who claims the coin is from "an estate" is trying to make it sound prestigious or imply that the buyer might find a treasure at a cheap price, playing upon greed. It is like advertising that a roll of Indian heads is "totally unsearched" -- if you believe that, I have ocean-front property for sale, cheap, in Arizona.
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amac44's Avatar
United States
3242 Posts
 Posted 12/05/2006  11:25 am  Show Profile   Bookmark this reply Add amac44 to your friends list Get a Link to this Reply
I do not do that on my ebay stuff! I list them with how when and were I got what I am selling!!
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Metalman's Avatar
United States
7123 Posts
 Posted 12/05/2006  12:03 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Estate sales are the best place to find the first strike slabbed coins !!

Im sure that some of them are legit, but most are hyped key word auctions just as Bobby said,,

anyone searching ebay for coins should have a list in front of them for specific coins and specific grades, its far to easy to fall off the end of the board if your not focused.

Rick
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bobby131313's Avatar
United States
24176 Posts
 Posted 12/05/2006  2:35 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
quote:
Legally, it simply means the coin was the property of someone who croaked.


Time to change lawyers. Tons of people that are still alive have estate sales.

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