Someone got a GREAT DEAL on Ebay this weekend
PRIZ430
Posts: 306 ✭✭✭
Outstanding buy for that lucky someone.... Hopefully they do in fact get the coins...seller just joined Ebay yesterday...
https://www.ebay.com/itm/194424472158?hash=item2d449a025e:g:YDsAAOSwlzxhYBL4
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Comments
Grandpa died last month and here comes his collection 😂
🎶 shout shout, let it all out 🎶
Wow, that was a score if it's actually what he/she gets.
bob
Took 36 hours for someone to hit it. Good deal only is the gold is real.
Kinda sad.
Grampas collection really burned a hole in the Kids pants.
Pete
nobody likes to bid on a auction with 0 feedback
zero feedback, the first transaction
very odd....
Ebay date/time is incorrect.... Wasn't 36 hours... listing just hit, I saw it...hit the buy it now button... and got the dreaded... This item is no longer available message...
Even a pawn shop would have offered the seller more than 200 bucks. I think the high bidder will be asking paypal for their money back when they get nothing.
This statement is made from my silly point of view. I have no idea what happened and was merely speculating 🤔
🎶 shout shout, let it all out 🎶
I seriously doubt they’ll get what they paid for. With zero feedback it looks sketchy.
I mean, decent hit but not hit of the year, or even of the week lol.
I am pretty sure I had the hit of the week last week.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Call me cynical, but the listing doesn’t actually say these are the coins.
Buying and Selling coins for 54 years, 700+ shows in last 20 years, and boy am I tired.
Purchased and Trademarked the Mohawk Valley Hoard
Originated the Rochester (NY) Area Coin Expo
Buyer won't get anything but $200 deducted from their bank account. The seller would have to be a real numbskull to not notice two gold coins in the lot. My guess is that nothing ever gets shipped and the seller is nowhere to be found.
I suppose it depends on if any white knights send them a message letting them know the faux-pas, and if that has any impact. I've done my fair share of bottom-feeding eBay newly listed and have had some nice buys but no gold for way undervalue!
Were the O/CC eBay snipes?!
No, I bought those from a local dealer, this was better. I find it crass to talk about this kind of stuff though, so I won't go into specifics. Often I feel bad for these sellers... It feels like rubbing it in to brag about it.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Hope it works out.
I have my doubts.
Good point. The picture could be "just an example" of what they buyer "may" get.
I agree with you. While I have shown my fair share of goodies, I tend not to do that anymore. My only exception is when I buy something from my local dealer. He is well aware that I hunt for bargains. Most times, he will ask me what he sold me and he is okay with it. Been going to him for 20 years now.
The gold looks like it has a better than average chance of being counterfeit. If so, someone paid $200 for a little less than that in silver bullion.
In honor of the memory of Cpl. Michael E. Thompson
Zero feedback, from Mexifornia. Pass.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
The Morgan imo looks grainy, like every other Chinese counterfeit Morgan, could be from a cleaning though. I hope I'm wrong and it all works out for the buyer.
Zero feedback and No Returns. Sketchy doesn't even begin to describe this sale.
I zoomed in on the gold and am fairly certain it’s a fake.
Maybe it was your lucky day
Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T, Meltdown, ElmerFusterpuck, airplanenut
I think there's something very much wrong with that auction.
I wouldn't be interested in these coins.
I would, no down side. That said I bet the seller needs the money more than the person who bought them. Deserved them more too
11.5$ Southern Dollars, The little “Big Easy” set
Youd be surprised at the number of people who inherit coins and such, and simply just blow em out. Today, had a guy come by with a good amount of Morgans and peace dollars, said he was going to sell them at a yard sell this weekend and wanted to make sure there wasnt a rare one in the bunch. I looked and no, but i asked him what he was going to sell them for , and he said , I said tell you what, Ill double that, and buy em all right now.
Not that it matters, but does anyone have a date figured out on the Mercury? I am strangely drawn to that little coin.
peacockcoins
Ah, I see there are close-ups of the coins within the auction! 1941 on the Mercury. . .
Does anyone else see the closeup on the Buffalo and question its authenticity?
I am also convinced, based on the photos- the gold coins are not genuine. They almost look copper with a gold
plating that is flaking/worn off.
peacockcoins
-1
Indian Head Quarter Eagles – King of the Counterfeit Gold Coin Series!
By Mike Sargent - April 13, 2009
Mike Sargent is Head Verifier at PCGS and is a leading expert on counterfeit detection. "Sarge" maintains a large database of known counterfeits and unfortunately is frequently adding new ones.
The single most counterfeited series of U.S. gold coins is the Indian Head Quarter Eagle. This series accounts for approximately 40% of all counterfeit gold coins received by PCGS. The only other series of counterfeits that could compare in quantity to the $2½ "Indians" would be $1 gold coins (if all three types are added together), followed closely by $3 gold pieces and $5 "Indians." Combined together, these four series account for 90% of all the counterfeit gold coins received for authentication.
It is easy to see why these four series of coins are copied so often. First of all, one does not need a whole lot of gold to make these small coins, allowing the counterfeiter to sell fakes at a lower price point to unsuspecting buyers. Also, these counterfeits sell for the highest premium above their intrinsic gold value when compared to any other series of gold coins.
For the most part, these four series of coins tend to have the largest ratio of design element-to-field, making it more difficult for proper authentication. The open fields on larger coins make it more difficult to hide depressions, tooling and inadequate luster, thus making authentication easier. Every single date in the $2½ Indian series exists as a counterfeit. In fact, PCGS once received a complete set of fakes in a custom holder, quite an achievement by an unwitting collector!
The most difficult aspect of identifying such a widely counterfeited series is finding a common denominator among the fake coins. Other series of coins contain a wide variety of common counterfeit reverse and/or obverse dies allowing you to quickly identify a repeated fake. This is not necessarily the case with this series. Even though there are a couple of "D" mint coins that share a common fake reverse (see photo #1), and a few common obverses are used, the majority of fakes contain a hodge-podge of different dies.
The single most-useful marker one can use with this series is the presence of tooling marks inside and at the back of the recessed area of the neck (see photo #3). The tooling marks are far more prevalent and easily distinguished from the normal metal flow that exists on genuine coins of this series. This is the one aspect that never fails on a majority of the fakes we have seen to date. This was the highest area on the counterfeiters die and invariably the hardest area in which to hide the tooling marks that occurred during die preparation. Large raised tooling lines or tooling of any kind should be closely examined.
Depressions are the other major indicator associated with all counterfeits. These depressions were created from damage to the original coin used in the preparation of the counterfeit die. Any such depressions are transferred to the new die and should not be confused with damage that might occur naturally on a coin. Natural damage on a genuine coin should be brighter and of a different texture than the surrounding areas. The texture of the depressions and surrounding areas would be the same on counterfeit dies.
The incuse die used with the Indian gold series makes it far more difficult to locate original die polish which would be more prevalent on other series of coins. The few areas where die polish is most apparent occur in the crescent in the Indian's headdress and the recessed areas surrounding the eagle (especially in front of the eagle's left wing). Don't be surprised to find it extremely difficult to locate any significant amount of die polish.
Some counterfeits (but not all) show a weakness in the necklace behind the recessed area of the neck, but this weakness may also occur on genuine coins. Some of the lower-quality counterfeits coming out of the Middle East exhibit poor striking characteristics across the entire coin and are relatively easy to spot. Such coins usually have luster that appears "off" in some way. The strike on these coins will also appear far too mushy to be genuine. The coin will exhibit either too much luster or virtually none at all, and many times the color of the gold will be different from that of a genuine coin.
Remember, most counterfeit $2½ "Indians" are of exceptional quality and are very hard for the novice to distinguish. Many of these counterfeit coins in Extremely Fine to near Mint condition have been tumbled in rock polishing machines or intentionally marked-up to disguise the few faults they contain in order to make them difficult to distinguish from genuine coins.
If you notice any of the above characteristics on a gold coin – send it in to PCGS for authentication!
https://www.pcgs.com/news/indian-head-quarter-eagles-king-of-the-counterfeit-gold-coin
Excellent information... Thanks for the post and the link. Cheers, RickO
uncalled for
Buying and Selling coins for 54 years, 700+ shows in last 20 years, and boy am I tired.
Purchased and Trademarked the Mohawk Valley Hoard
Originated the Rochester (NY) Area Coin Expo
Im pretty sure those indian golds are real, and at worst real gold
Lots of good people live in Temecula. Solid American values back their roots.
An easy target, though, for the uninformed and ignorant.
peacockcoins
It makes no sense. A call to Apmex or similar buyer would have permitted an easy transaction; they even provide insured packages going to them.
I have had the pleasure twice as an "right coaster "to visit Temecula Ca. And one could compare it to Tuscany! Anyone saying anything negative about Temecula must be speaking from the out going end of their digestive system!
"That's why I wander and follow La Vie Dansante"
About 14 years ago I had an ebay store. I ran across a listing of a couple who lost the wifes father.
He was an avid collector! A major USAF retired. He passed in the North west and his daughter lived in the mid west. After his passing she asked her husband to fly out and bring back the collection.
Well long story short he calls the wife and tells her he cannot return home by air as the collection is so large he needed a truck!
They got the collection home....they decided that they sell it on ebay ....their goal to get enough money to take a cruise!
I run across their listings ,and I cannot believe my eyes! OMG unbelievable the amounts asked as well adding like $2.50 shipping for a $1000. Coin ! They were clueless I advise them to stop and cancel all listings.
I advised them to research coin dealers near them, buy a red book , and even gave them Fred Weinburg as a contact for all the errors that was in the collection.
I also asked her to call me so I could advise them how to handle the collection safely.
You cannot sell a $1000 coin and ship it for basic postage no signature, no insurance etc...
So yes they did thank me ....IDK if Fred ever purchased any of the errors that were apart of the collection.
They did liquidate her dads coins....for Thousands of dollars! She did contact me and thanked me ,and told me that they did book a cruise....I was like a world cruise?
And for my honesty she sent me a couple of Jefferson nickels. As a Thank You !
So things like this do occur to be 100 % legitimate .....I could of purchased each listing that she had up around 20 some most probably got it all under $5000 + basic 1st class postage and made a killing....but I would need to sleep at nights. I don't know if Fred will recall this couple....
But yeah her dad left her a truck load of coins.
One side note that she shared her dad took a good amount of coins to his AFB where his commanding officer ordered him to remove it from the base to a secure location with an armed guard of MP's.!!!
The coins in the photo for what I see don't excite me.... what did was picking up 20 Morgans from two boys in Va. While servicing a food store the two were trying to feed them in a coin star !
I quickly gave them $20 to buy a carton of Marlboro cigs. And yes im sure grand pop was pretty pissed when he discovered that those Morgans were gone.
"That's why I wander and follow La Vie Dansante"
Many people (especially if not particularly familiar with “rare coins”) wouldn’t have any idea who Apmex or similar buyers were.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.