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Selling raw coins on eBay

ccexccex Posts: 1,188 ✭✭✭
I used to buy and sell more raw coins on eBay than I do now. In the last two years eBay's reputation among knowledgeable coin collectors seems to have declined to the point that bidders who see any nice looking raw coin for auction there ask themselves why the coin was not slabbed by a respectable TPG service. Many sellers of raw coins compensate for bidder skepticism by overgrading, which just compounds the problem. Sellers of raw coins who grade accurately and mention every drawback are penalized for their honesty with low winning bids.

One of the very few eBay sellers of raw coins I trust posted this half dime. He has learned not to mention negatives of the coins he sells, but still has a stellar reputation, and usually sells his raw coins for CDN bid of one MS grade less than that in his auction titles. I wonder if he now has to call this one MS-63+ to sell it for better than MS-60 money. I loke the look but wonder how it might grade at PCGS or NGC.
image
"Never attribute to malice what can be adequately explained by stupidity" - Hanlon's Razor

Comments

  • dorkkarldorkkarl Posts: 12,691 ✭✭✭
    that's a slider unc, which means it might grade at pcgs or ngc anywhere between au-58 & ms-62.

    but i do not like the toning, either. PASS

    K S
  • That coin would not grade MS @ PCGS.

    Cameron Kiefer


  • << <i>That coin would not grade MS @ PCGS.

    Cameron Kiefer >>

    I think it could... but, it's certainly not an UNC... I agree completely with Dorkkarl... except the color image I rather like it image
    -George
    42/92
  • Look at the left wing. That's wear.

    Ray
  • I have to agree. It wont get an MS grade from PCGS. Sure is a beauty.
  • sinin1sinin1 Posts: 7,500
    I don't think there is any luster left - for whatever reason ( over dipped? )

    so I would call it XF

    and not bid enough to get it
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i>Look at the left wing. That's wear. >>

    i disagree. it's typical striking weakness caused by that part of the rev. design being directly opposite liberty's bust on the obv., & because that's the thickest part of the design, there's less planchet to fill in the die detail. that weakness is FREQUENTLY present on half-dimes (& dimes), whether unc or not, & CANNOT be instantly considered "wear"

    K S
  • OKbustchaserOKbustchaser Posts: 5,482 ✭✭✭✭✭
    Since when has a little wear made a difference to PCGS when grading Bust silver?image As Karl said, somewhere between 58 and 62 at any of the TGP's.

    Jim
    Just because I'm old doesn't mean I don't love to look at a pretty bust.
  • cohodkcohodk Posts: 19,105 ✭✭✭✭✭
    I like it. AU-58
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭
    Something about the toning on the top of the letters on the reverse looks funny... I almost wonder if it would slab at all... it could just be the picture, though.
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research


  • << <i>Look at the left wing. That's wear. >>



    That's a typical striking weakness. Hard to tell for sure from these pics. I would say MS61. PCGS is very tough on small coins.
    "Don't bother just to be better than your contemporaries or predecessors. Try to be better than yourself." - William Faulkner
    NoEbayAuctionsForNow


  • << <i>

    << <i>Look at the left wing. That's wear. >>



    That's a typical striking weakness. Hard to tell for sure from these pics. I would say MS61. PCGS is very tough on small coins. >>



    Not MS in my opinion. If it slabs MS-60 or higher I'd pay the grading fees @ PCGS, whichever level he chooses. Wanna pay the grading fees Kurt if it slabs AU-58 or lower?

    Cameron Kiefer
  • dthigpendthigpen Posts: 3,932 ✭✭
    It's an AU-58, but I'd pay low MS money for it.
  • RussRuss Posts: 48,514 ✭✭✭
    Bodybag, questionable color.

    Russ, NCNE
  • NysotoNysoto Posts: 3,818 ✭✭✭✭✭
    Remember that grading services are inconsistent with grades and AT/NT assessments for coins that have been sent in multiple times, meaning that even a PCGS grader, if he saw the coin in person away from the grading room, could not give you an accurate forecast of the grade PCGS would assign if sent in for grading.

    It appears to have rub on MOST of the high points, which is AU. No opinion on AT/NT, I am color blind, so my opinions on NT/AT are useless.
    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
  • BigD5BigD5 Posts: 3,433
    I think it's au as well. I also think the coin has been cleaned and either retoned, or has had a AT job. I'm leaning towards someone giving the coin a bit of color help.

    Only opinions from a scan.
    BigD5
    LSCC#1864

    Ebay Stuff
  • Ok, my honest assessment of the coin...

    Definately AU, though, it might slip through as "cabinet friction" and be called an MS62/MS63 at PCGS or NGC... it looks like it may have been cleaned and retoned, but that is hard to say without having the coin in hand... the toning looks natural to me, most likely from being in an album... the coin is an R2 marriage, and for the right price, sight-seen, I would probally buy it for my collection...
    -George
    42/92
  • That's a nice coin! image



    Unfortunately, it's jokers (see link below) like this that give eBay raw coin dealers a bad name...

    Boot to the Head (bag mark?!)
  • stev32kstev32k Posts: 2,098 ✭✭✭
    I would really question that toning. It does not look natural to me at all. Looks like someone wiped a little sodium sulfite on the edges - placed it in a sealed container, pulled a vacuum on the container then put it in the muffle furnace for a couple of hours.
    Who is General Failure, and why is he reading my hard drive?
  • ccexccex Posts: 1,188 ✭✭✭
    I did not post "guess the grade" on this coin, currently on eBay. I just wanted to show that an honest seller must claim that a controversial raw coin must put in the title a grade at the upper end of our grading guesses in the title to garner a winning bid that will let him break even on the coin.
    "Never attribute to malice what can be adequately explained by stupidity" - Hanlon's Razor
  • Here I go sounding like a broken record again, but: It's an early 19th century coin, XF/AU/MS "ish" possibly AT, possibly dipped/cleaned and retoning (naturally?), etc. If it were mine, I'd submit it for grading/authentication. PCGS or NGC if I was confident of the toning, lack of dipping/cleaning, etc., or to ANACS for net grading if I had some doubts about it.

    As a buyer, I simply stay away from raw coins like this on ebay, as do many more knowledgable collectors. If I'm trying to sell this, why limit my market so much? Unless, of course, I know it's a problem coin and am just trying to cash out for anything I can get.

    Mike
    Coppernicus

    Lincoln Wheats (1909 - 1958) Basic Set - Always Interested in Upgrading!
  • Who cares how it grades, it's still pretty in my opinion.
    When I was a child, I caught a fleeting glimpse
  • ccexccex Posts: 1,188 ✭✭✭
    "Never attribute to malice what can be adequately explained by stupidity" - Hanlon's Razor
  • I know that seller.
  • stmanstman Posts: 11,352 ✭✭✭✭✭
    I bought one coin from this seller. In my opinion he is a decent guy, but pushes the limit in his descriptions.
    That means his description of what he calls original, never cleaned, and his grading as well. After I backed him in the
    corner to on the surface admit this to me (and hear his stories) ..... imageI gave him a positive feedback.
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • BoomBoom Posts: 10,165
    Good points on all sides. Hard to tell for sure without seeing it in person whether it's NT or AT. The spot that concerns me

    is behind the last number of the date. Obverse is sharp...Reverse is pretty much as it should be. That spot that looks like

    wear probably is because mine doesn't show wear in that area. Nice piece though and if you like it, go for it. Not every

    coin must be housed in plastic. JMHOimage

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