Fake error sells for $50 on ebay

rec78

Why would anyone pay $50 for this coin when the NGC label clearly says "Damaged to resemble Error"? 7 or more bidders, 20 bids. I am going to take my pocket coins and mess them up somehow, and claim they are errors! The ebay bidders will never know. Maybe it's just me, maybe I don't get it, maybe damaged coins are valuable.

Auction link: https://ebay.com/itm/174732251598?hash=item28aeda91ce%3Ag%3A4-IAAOSwQKlgdx6v&nma=true&si=VA6DXGPYjZcqHnoIaKtU3bMq6YY%253D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557
Anyone who bids on auctions like this when it is clearly stated that it is a damaged coin, deserves to lose their money.

Jimnight

Some people will buy anything.

jmlanzaf

There are legitimate reasons someone might want that coin.

1. They are building an educational set of altered coins.
2. They collect odd labels. That the first time I've seen that label.

HalfDimeDude

My question is where's ebay on this? Its a down right offer to sell a fraudulent item....they are so hot on items from Cuba , not allowing them to to be listed or sold. So we need to be their police for free? As surely they would find a way to charge us for the same service. Dont misunderstand this should be reported, but e bay needs to step up its policies and enforce them....a seller like this should be banned for life as again its as plain as day they are trying to sell something they know to be a fraud.

jmlanzaf

@HalfDimeDude said:
My question is where's ebay on this? Its a down right offer to sell a fraudulent item....they are so hot on items from Cuba , not allowing them to to be listed or sold. So we need to be their police for free? As surely they would find a way to charge us for the same service. Dont misunderstand this should be reported, but e bay needs to step up its policies and enforce them....a seller like this should be banned for life as again its as plain as day they are trying to sell something they know to be a fraud.

They are technically in violation of ebay policy, but they aren't trying to deceive anyone

HalfDimeDude

Just by offering this item they have crossed the line, yeah you'll always have some idiot wanting something that is like this or even worse. Like a painting painted by a mass murder.....! Again ebay has so many standards depending on who the seller is..... where they look away from sellers who sell high volume and puts money in their pockets....however let some small time seller make the same mistake they are on them like flies on stink!
Rules are rules not just for the average Joe but the privilege too!

Their listing title is also misleading.... as to what is being sold....the item was rejected do to fraud, not because of damage or cleaned.

ricko

The item should not be listed, per policy, at least not in the coin listings. Ebay does have some weird categories where something like this may qualify, but I do not spend time there, so not sure. Seems as clear as it is marked, the buyer must know what they are getting. Cheers, RickO

MedalCollector

I wonder how NGC established intent.

That coin does not resemble any error of which I’m aware.

yspsales

They will crack it and offer it at $500 or $5000

Or it is educational. I like buying detailed holder coins on the cheap for my grading sets.

gonzer

@GoldenEgg said:
I wonder how NGC established intent.

That coin does not resemble any error of which I’m aware.

An incomplete punch in the blanking process.

PerryHall

@jmlanzaf said:
There are legitimate reasons someone might want that coin.

1. They are building an educational set of altered coins.
2. They collect odd labels. That the first time I've seen that label.

3. They will crack it out and sell it raw as a real major error coin for a huge profit.

MedalCollector

@gonzer said:

@GoldenEgg said:
I wonder how NGC established intent.

That coin does not resemble any error of which I’m aware.

An incomplete punch in the blanking process.

I did consider that, but it is a bit of a stretch.

silverpop

people will buy anything nowadays if they think they can resell it for $$$$$

jmlanzaf

@PerryHall said:

@jmlanzaf said:
There are legitimate reasons someone might want that coin.

1. They are building an educational set of altered coins.
2. They collect odd labels. That the first time I've seen that label.

3. They will crack it out and sell it raw as a real major error coin for a huge profit.

That wouldn't come under LEGITIMATE reasons, but sure

MasonG

@yspsales said:
They will crack it and offer it at $500 or $5000

The coin is not in a slab.

Label: NOT ENCAPSULATED

YQQ

Now fellows....I am not taking sides here and I have no knowledge if it is, or is not altered.
To alter a coin like this???, is it legal or not in the USA? it is probably an important question to know the answer to.??
Is it still a legal nickel or not?
If it is not illegal, then one can also assume it would be legal to sell... right?
and then, as seen many times on the bay, anyone can ask anything.
And, one more: This specific TPG has been wrong in their assessments at times. and it is only an opinion of theirs. And I have some of their 100% wrong "opinions" (not grades) on well known items in holders. their opinions have now become statements people rely on.
If it is ethical to sell this coin?? that is another question!

PipestonePete

@jmlanzaf said:

@PerryHall said:

@jmlanzaf said:
There are legitimate reasons someone might want that coin.

1. They are building an educational set of altered coins.
2. They collect odd labels. That the first time I've seen that label.

3. They will crack it out and sell it raw as a real major error coin for a huge profit.

That wouldn't come under LEGITIMATE reasons, but sure

I believe that #3 is a much more likely scenario for someone to spend $50 on this item than either #1 or #2.

MFeld

The seller lists/sells quite a few “errors”. He had sold the one discussed in this thread previously:
https://www.ebay.com/itm/174655812081?hash=item28aa4c31f1:g:FJ8AAOSwjWJgObFA

tommy44

The Virgin Mary on a slice of toast comes to mind.....

Zoins

I don’t read too much into low prices like that. $50 is fun money. It’s like 40% of one day’s skiing lift pass.

jmlanzaf

@PipestonePete said:

@jmlanzaf said:

@PerryHall said:

@jmlanzaf said:
There are legitimate reasons someone might want that coin.

1. They are building an educational set of altered coins.
2. They collect odd labels. That the first time I've seen that label.

3. They will crack it out and sell it raw as a real major error coin for a huge profit.

That wouldn't come under LEGITIMATE reasons, but sure

I believe that #3 is a much more likely scenario for someone to spend $50 on this item than either #1 or #2.

I believe that 3 is possible but I wouldn't rank it as any more likely than the other two. You are $50 in to a "fake error" that you could easily make yourself if you wanted to and there is no guarantee you could find a sucker to pay you more than $50.

WAYNEAS

@ricko said:
The item should not be listed, per policy, at least not in the coin listings. Ebay does have some weird categories where something like this may qualify, but I do not spend time there, so not sure. Seems as clear as it is marked, the buyer must know what they are getting. Cheers, RickO

Yeah, his cousin Vinny bought it. Wait for the relisting. lol
Wayne

WAYNEAS

@MFeld said:
The seller lists/sells quite a few “errors”. He had sold the one discussed in this thread previously:
https://www.ebay.com/itm/174655812081?hash=item28aa4c31f1:g:FJ8AAOSwjWJgObFA

Wow in the raw version, it goes for $117.00. In the NGC version , it sells for $50.00.
Wayne

MasonG

How does NGC know it was damaged to resemble an error? If you hit a coin with a hammer, have you damaged it in order to fake an error? Maybe it was just damaged and someone found it in circulation and sent it for certification without recognizing it's not a mint error.

jmlanzaf

@MasonG said:
How does NGC know it was damaged to resemble an error? If you hit a coin with a hammer, have you damaged it in order to fake an error? Maybe it was just damaged and someone found it in circulation and sent it for certification without recognizing it's not a mint error.

I wouldn't put too much stock in NGC's imputed intent. The only thing that matters it the body bag. But the intriguing reason could well be a reason to collect the sticker.

PipestonePete

@jmlanzaf said:

@PipestonePete said:

@jmlanzaf said:

@PerryHall said:

@jmlanzaf said:
There are legitimate reasons someone might want that coin.

1. They are building an educational set of altered coins.
2. They collect odd labels. That the first time I've seen that label.

3. They will crack it out and sell it raw as a real major error coin for a huge profit.

That wouldn't come under LEGITIMATE reasons, but sure

I believe that #3 is a much more likely scenario for someone to spend $50 on this item than either #1 or #2.

I believe that 3 is possible but I wouldn't rank it as any more likely than the other two. You are $50 in to a "fake error" that you could easily make yourself if you wanted to and there is no guarantee you could find a sucker to pay you more than $50.

Well, if it's so easy to "make yourself" why would they spend $50 on it to add it to their "educational set of altered coins"?

jmlanzaf

@PipestonePete said:

@jmlanzaf said:

@PipestonePete said:

@jmlanzaf said:

@PerryHall said:

@jmlanzaf said:
There are legitimate reasons someone might want that coin.

1. They are building an educational set of altered coins.
2. They collect odd labels. That the first time I've seen that label.

3. They will crack it out and sell it raw as a real major error coin for a huge profit.

That wouldn't come under LEGITIMATE reasons, but sure

I believe that #3 is a much more likely scenario for someone to spend $50 on this item than either #1 or #2.

I believe that 3 is possible but I wouldn't rank it as any more likely than the other two. You are $50 in to a "fake error" that you could easily make yourself if you wanted to and there is no guarantee you could find a sucker to pay you more than $50.

Well, if it's so easy to "make yourself" why would they spend $50 on it to add it to their "educational set of altered coins"?

They might not. I think #2 is most likely.

But even for #1, if I'm building a set of altered or counterfeit coins, I don't usually make them myself.

yspsales

He could reuse that cert a hundred times, and make them in his garage.

Zoins

@WAYNEAS said:

@MFeld said:
The seller lists/sells quite a few “errors”. He had sold the one discussed in this thread previously:
https://www.ebay.com/itm/174655812081?hash=item28aa4c31f1:g:FJ8AAOSwjWJgObFA

Wow in the raw version, it goes for $117.00. In the NGC version , it sells for $50.00.
Wayne

BuffaloIronTail

@jmlanzaf said:
There are legitimate reasons someone might want that coin.

1. They are building an educational set of altered coins.
2. They collect odd labels. That the first time I've seen that label.

It's properly attributed as to what it is.

Some collectors just like "the look".

Pete

cmerlo1

Coming to an ANACS table near me.

Zoins

Here's a real one from @ErrorsOnCoins for comparison.