Purchase advice
EvanCrook1
Posts: 66 ✭✭
Hi y’all,
I am currently looking a a high end morgan Dollar to purchase, and saw one on a Facebook group post that caught my attention. Of course, I am cautious as there is always potential for scams or fakes when buying from individuals online. The seller has sent photos of the morgan inside the NGC slab, I just have a feeling it looks off. Any advice?
Photos and certification down below.
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Comments
Fake coin in a fake holder. If that isn’t obvious to you I would highly advise against spending any real money on Morgans until you have developed your eye.
Thanks for the advice. May I ask what caught your eye about the holder?
Well for one thing I don't think the sticker is even holographic. And the coin is just awful. Compare the lettering E PLURIBUS UNUM to a known genuine example. And more obviously, it doesn't resemble the coin in the registry photo AT ALL.
Very bad fake.
There are lots of well established dealers that have been around for many years with great reputations.
Rather than risking 6 figures on a facebook post, perhaps work with a dealer that you can develop a relationship with and can better guide you.
Honestly I wasn’t paying much attention to the holder. This one is pretty deceiving but usually the insert color is a bit off or the font size and spacing don’t quite match. However if the coin is counterfeit, the people at NGC didn’t miss it so the holder must be as well.
A real 91-CC in 66 is a $15K coin. I would only spend that kind of money if I were able to view the coin in hand or it came from a VERY reputable source.
Cool, thanks for the info, I have been building a set for a while, and have only purchased from dealers such as heritage and a few local coin shows, never tried Facebook before but I know to stay away from it now. Thanks
Completely setting aside the coin itself, the first thing that stuck out to me was the slab gap around the coin. It's wide in the NGC slab shot, narrow in the seller's photo. I like Trueviews, but wish PCGS would include a slab shot as well.
Agree with fake coin and holder.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
It’s certainly possible that there are good coins available on FB but you are really going to have to know your stuff as I’m sure there are significantly more shady sellers.
Anyway, I’m happy to have helped and I hope you share some of your collection here! I love seeing Morgans.
What group on Facebook is this coin listed on?
If you are going to spend that amount of money ONLY BUY a CAC! And then only if you really like the coin. Remember. as Lee F. Hewitt always said, "There is no Santa Claus in numismatics."
Easy to detect fakes when one is familiar with them. But what screamed out to me was the gentleman holding the fake, his tats gave me concern even before checking out his wares. Buyer be ware is screaming in this case.
Do yourself and your wallet a favor, don’t buy expensive coins from a random online stranger without buyer protection.
And yes, the coin is fake.
Fake,fake,fake.
Everything about that, except perhaps the hand holding the counterfeit, is fake.
In honor of the memory of Cpl. Michael E. Thompson
Yeah, definitely a temporary tattoo on the wrist
Once you said "I saw it on Facebook" I didn't even need to look at the photos.
Never buy anything off Facebook and be careful what you click on.
Facebook is full of scammers because they do nothing to regulate the site.
do some research - NGC website coins do not rotate in these slabs
https://ngccoin.com/certlookup/6618524-004/66/
Another dead giveaway…in the NGC photos the eagles wing tips for the most part point directly at the inserts prongs. The Facebook one isn’t even close.