It really makes you wonder what people are thinking when they're posting these near $1,000,000 auctions on E-Bay. If I had a coin of that worth and was going to auction it off, I'd go through a regular auction house. Yeah you'll have a 'bigger market' on E-Bay, but how many people who frequently buy stuff on E-Bay would be willing/able to buy that coin?
I collect the elements on the periodic table, and some coins. I have a complete Roosevelt set, and am putting together a set of coins from 1880.
<< <i>I do not believe it's a fake. What makes you think it is? >>
Here's what I replied with...
<< <i>You know the history of the 1804 dollar and how many were struck and specifically, what types of strikes they were, right? You'll probably also realize that every known one that has survived has been accounted for. You seem to buy and sell a lot of coins on ebay, I'm rather shocked that you believe this is real; if you really do, why not pay the paultry fee to have PCGS or NGC authenticate and grade it and then sell it in a real auction venue where you'll have a multitude of millionares and billionares bidding on it?
If you really want me to highlight exactly why it is fake, please email me a couple high resolution clear photos of it or just scans will work and I'll redline it in photoshop for you.
I'm surprised he didn't quote auction results. He might have been able to get more money out of it. Better yet, why isn't it slabbed? It'd do well in an ACG holder.
Looks like ole Don Kagin's buyer is trying to get around the seller's fees on his PROOF-58 again. Opps can't be the same coin, this ones a business strike! He must have cracked it out of the PCGS holder and got confused!
Frank, thanks for posting this thread on the forum. As soon as we saw the auction that you linked, we put our best team of numismatic researchers on the job. After hours of exhaustive research and analysis, our team has concluded that this is probably not a genuine 1804 Dollar. It could very well be a fake. Please be careful if you are considering placing a bid at $850,000. If you do win the coin, I would recommend that you ask the seller to send it via something other than Priority Mail.
<< <i>I emailed him back and forth a few times and convinced him to close the auction and seek a professional opinion.
My good deed for the day
No applause necessary.................just send congratulatory coins
>>
He wrote me back after my response to his reply to my initial inquiry and told me that he'd close the auction as soon as he figured out how. Might have been a legitimate scammer, but at least he had the sense to back out.
<< <i>Frank, thanks for posting this thread on the forum. As soon as we saw the auction that you linked, we put our best team of numismatic researchers on the job. After hours of exhaustive research and analysis, our team has concluded that this is probably not a genuine 1804 Dollar. It could very well be a fake. Please be careful if you are considering placing a bid at $850,000. If you do win the coin, I would recommend that you ask the seller to send it via something other than Priority Mail. >>
Douglas, you should counter offer on the coin. Tell him that $850,000 seems kinda steep. However, you would be willing to pay $25 on the condition that he must drill a hole in the coin at 12:00. SOLD!
<< <i>Douglas, you should counter offer on the coin. Tell him that $850,000 seems kinda steep. However, you would be willing to pay $25 on the condition that he must drill a hole in the coin at 12:00. SOLD! >>
THIS IS A GREAT IDEA! I'm going to do so. (I'd pay $25 for a 1804 counterfeit just to put a hole in it)
Comments
Self Indulgence | Holey Coins | Flickr Photostream
Self Indulgence | Holey Coins | Flickr Photostream
Self Indulgence | Holey Coins | Flickr Photostream
EBAY Items
http://search.ebay.com/_W0QQsassZrlamir
<< <i>I do not believe it's a fake. What makes you think it is? >>
Here's what I replied with...
<< <i>You know the history of the 1804 dollar and how many were struck and specifically, what types of strikes they were, right? You'll probably also realize that every known one that has survived has been accounted for. You seem to buy and sell a lot of coins on ebay, I'm rather shocked that you believe this is real; if you really do, why not pay the paultry fee to have PCGS or NGC authenticate and grade it and then sell it in a real auction venue where you'll have a multitude of millionares and billionares bidding on it?
If you really want me to highlight exactly why it is fake, please email me a couple high resolution clear photos of it or just scans will work and I'll redline it in photoshop for you.
Cheers,
Douglas Thigpen >>
Self Indulgence | Holey Coins | Flickr Photostream
<< <i>No I do not believe that. I'm sure it's real and you will have to prove to me that it isnt >>
Self Indulgence | Holey Coins | Flickr Photostream
<< <i>The fellow has such a firm grip on the english language also! >>
Whew! Geez Ken - for a second there I thought the rest of the kittens in the world were history!
Self Indulgence | Holey Coins | Flickr Photostream
My good deed for the day
No applause necessary.................just send congratulatory coins
this thing. I myself would have bid 2 dollars for the
coin. But the dealer would have to eat the postage.
Camelot
WH
Nice!@!!
Frank, thanks for posting this thread on the forum. As soon as we saw the auction that you linked, we put our best team of numismatic researchers on the job. After hours of exhaustive research and analysis, our team has concluded that this is probably not a genuine 1804 Dollar. It could very well be a fake. Please be careful if you are considering placing a bid at $850,000. If you do win the coin, I would recommend that you ask the seller to send it via something other than Priority Mail.
Our eBay auctions - TRUE auctions: start at $0.01, no reserve, 30 day unconditional return privilege & free shipping!
<< <i>I emailed him back and forth a few times and convinced him to close the auction and seek a professional opinion.
My good deed for the day
No applause necessary.................just send congratulatory coins
>>
He wrote me back after my response to his reply to my initial inquiry and told me that he'd close the auction as soon as he figured out how. Might have been a legitimate scammer, but at least he had the sense to back out.
Self Indulgence | Holey Coins | Flickr Photostream
<< <i>Frank, thanks for posting this thread on the forum. As soon as we saw the auction that you linked, we put our best team of numismatic researchers on the job. After hours of exhaustive research and analysis, our team has concluded that this is probably not a genuine 1804 Dollar. It could very well be a fake. Please be careful if you are considering placing a bid at $850,000. If you do win the coin, I would recommend that you ask the seller to send it via something other than Priority Mail. >>
- I'd never bid over $500,000 on that coin!
Douglas, you should counter offer on the coin. Tell him that $850,000 seems kinda steep. However, you would be willing to pay $25 on the condition that he must drill a hole in the coin at 12:00. SOLD!
Our eBay auctions - TRUE auctions: start at $0.01, no reserve, 30 day unconditional return privilege & free shipping!
<< <i>Douglas, you should counter offer on the coin. Tell him that $850,000 seems kinda steep. However, you would be willing to pay $25 on the condition that he must drill a hole in the coin at 12:00. SOLD! >>
THIS IS A GREAT IDEA! I'm going to do so. (I'd pay $25 for a 1804 counterfeit just to put a hole in it)
Self Indulgence | Holey Coins | Flickr Photostream