Have you ever sold an ungraded coin to a dealer that neither you or the dealer were sure of it's aut
BLUEJAYWAY
Posts: 9,165 ✭✭✭✭✭
Both sides agreeing to the transaction with no strings with both sides unsure of the coins authenticity.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
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I once tried to buy some known counterfeits from a well-known national dealer to use in a presentation my local club. IIRC, he sent me five for a modest sum.
After I posted them here, several people commented that they might be genuine. I sent them in to our host. I think three straight-graded as MS coins and two got details BU grades. Well, they sure weren't very useful for my presentation. Eventually I sold them for a few hundred bucks. Maybe I should have given them back to the dealer for the cost of grading. I dunno. It's one of the weirdest things that's happened to me in this hobby.
So even the experts, on occasion, are duped.
Maybe not duped. Maybe he felt that the cost/benefit decision to have them graded wasn't worth it. If you buy an estate that contains a few dozen albums, you have to pick your winners somewhat efficiently.
Yes, several years ago I traded a raw 1873-S Trade dollar in AU condition to a dealer at the Knoxville coin show that Pcgs had returned to me as Authenticity Unverifiable. I told the dealer what Pcgs said, and he looked at it and thought it was genuine, as did I or I would not have submitted it in the first place. I got about $250 worth of coins for it. Here are pics of the Trade $.
Do you have pictures of them?
Type collector, mainly into Seated. -formerly Ownerofawheatiehorde. Good BST transactions with: mirabela, OKCC, MICHAELDIXON, Gerard
Definitely a counterfeit 73-P...because it's a 73-S
Chopmarked Trade Dollar Registry Set --- US & World Gold Showcase --- World Chopmark Showcase
My mistake, it was a 73-S
Nope. It was a long time ago. You might be able to find the thread, but the photos might not still be there.