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Another "Seized Property Auction"

LeeGLeeG Posts: 12,162 ✭
in U.S. Coin Forum
image You might want to take a look though. You just never know what you might findimage Lee

SPA

Comments

  • FrankHKP7FrankHKP7 Posts: 116 ✭✭
    Has anyone tried one of these auctions? If so, please comment on the quality of merchandise and service you received.
    A man's not well dressed if his shoes are a mess.

    image
  • LeeGLeeG Posts: 12,162 ✭
    image Heres a link to a previous post about this Auction. Lee

    Previous Discussion
  • sadysta1sadysta1 Posts: 1,309 ✭✭✭
    caution, most of coins are cleaned, you may get lucky sometime, but usually it's dogs
  • tlhoytlhoy Posts: 2,204
    This is NOT a government auction. Its just another private company coming up with a fake name (Official website of Federal asset recovery services) with a made up seal to make it look like a government agency.
    They go to government auctions and buy junk and list it on their website. They also sell stuff on consignment for other people, companies, banks ect.
    My brother (against my advise) paid the $5 charge and placed bids on 8 items in their last auction. He won 5 of them. All at his maximum bids!
    NO RETURNS ALLOWED!

    Don't waist your time!

    Glenn
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    My experience with lost property, confiscated property, siezed property, any other kind of property auctions is that it looks good but it's not and there is usually someone or someones inside that have already picked through and cleaned out the good stuff. All I ever saw was left over junk but I must say that it looked so good that I just had to have some too but it was just a $100 lesson...cheap at twice the price because I certainly will never spend any more of my own money in that venue.
  • RVDavisRVDavis Posts: 1,137 ✭
    I noticed an 1895 P Morgan on this auction. Hard to believe ain't it?
    Proud recipient of YOU SUCK more than once and less than 100 times.
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    ef/au, cleaned beater

    Lot # 12517: RARE 1913-S $5 INDIAN GOLD PIECE. NICE!
  • stev32kstev32k Posts: 2,098 ✭✭✭
    This is not a Government web site. In spite of the name this is a private- for- profit web auctions company. Here is their ad:

    <<We are liquidation specialists serving Federal, State, and local Governments and police forces nationwide. We also provide liquidation services for private businesses of all types including:>>

    I would be very careful about bidding on anything from this web site. Descriptions and pictures can be very different from what you actually receive. Anyone that thinks they don't cherry pick is in for a rude (and expensive) awakening.
    Who is General Failure, and why is he reading my hard drive?
  • FrankHKP7FrankHKP7 Posts: 116 ✭✭
    Thanks for the input all. I'll make sure to avoid that site's auctions.

    A man's not well dressed if his shoes are a mess.

    image
  • badgrdogbadgrdog Posts: 98
    If this was a Federal Government site wouldn't it have a .gov address instead of a .com?
    image
  • Wolf359Wolf359 Posts: 7,656 ✭✭✭
    I noticed an 1895 P Morgan on this auction. Hard to believe ain't it

    I was wondering who'd catch that. Probably date altered. Didn't look like a proof to me!
    Multi-channel listings of coins and inventory management

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  • Coinhusker1Coinhusker1 Posts: 3,560 ✭


    << <i>I noticed an 1895 P Morgan on this auction. Hard to believe ain't it? >>



    image

    The "9" looks funny. Maybe an altered 1885?
  • tsacchtsacch Posts: 2,929 ✭✭✭
    There is a few anacs and TPS's there, but few.....
    Family, kids, coins, sports (playing not watching), jet skiing, wakeboarding, Big Air....no one ever got hurt in the air....its the sudden stop that hurts. I hate Hurricane Sandy. I hate FEMA and i hate the blasted insurance companies.
  • stev32kstev32k Posts: 2,098 ✭✭✭
    << I noticed an 1895 P Morgan on this auction. Hard to believe ain't it?>>

    People have been removing the mint marks from 1895-O & S Morgan dollars for over fifty years. Can't tell from the picture, but this might be one of them. Even my 1963 Red Book says to watch out for removed mint marks.
    Who is General Failure, and why is he reading my hard drive?
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭
    buddy of mine picked up a coin from them and was satisfied w/ it. but in general, i think they're just another run of the mill garbage monger

    K S
  • LeeGLeeG Posts: 12,162 ✭
    image PCGS MS64


    image
  • Coinhusker1Coinhusker1 Posts: 3,560 ✭


    << <i><< I noticed an 1895 P Morgan on this auction. Hard to believe ain't it?>>

    People have been removing the mint marks from 1895-O & S Morgan dollars for over fifty years. Can't tell from the picture, but this might be one of them. Even my 1963 Red Book says to watch out for removed mint marks. >>



    If you look at the "8" and the "5" they look more like the font on an 1885. The rightward tilting 9 (that is, an altered "8") is the final giveaway.
  • marmacmarmac Posts: 1,437 ✭✭✭
    This auction house looks to be one I would only participate in person. To bad it is in Florida........
  • blastpakblastpak Posts: 567
    Why is a 1895 p morgan hard to believe? Just curious and still learning. I ask because I have two of them.
    Earth is the insane asylum for the universe.
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i>Why is a 1895 p morgan hard to believe? Just curious and still learning. I ask because I have two of them.
    >>

    it's a proof-only issue, the lowest mintage of the series. if you have 2 real coins, congratulations, but in this case, dorkkarl suggests you get them certified - preferably at pcgs!

    K S

    PS: i answered as if you were asking seriously! maybe you were joshing us??? image
  • stev32kstev32k Posts: 2,098 ✭✭✭
    I went back to look at 1895 morgan again, and I believe it has been removed from the auction. At least I can't find it.
    Who is General Failure, and why is he reading my hard drive?
  • LeeGLeeG Posts: 12,162 ✭
    image Just in case someone wants to check this out. You just never know. Auction runs 03/13 - 03/20. Lee

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