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it's a $75,000 coin if it's really MS64, so why is the opening bid just $12,900?

DennisHDennisH Posts: 14,003 ✭✭✭✭✭
in U.S. Coin Forum
1895-O Morgan MS64 NTC

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=39466&item=3975210833&rd=1

My grade prediction if submitted to PCGS or NGC: "Altered surfaces"
When in doubt, don't.

Comments

  • DD Posts: 1,997 ✭✭✭
    Linktacular

    -Daniel
    "It is the mark of an educated mind to be able to entertain a thought without accepting it."

    -Aristotle

    Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.

    -Horace
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>The collector I bought it from paid $40,000 for it a year ago. >>



    And it's listed at $12,900. image

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • coynclectercoynclecter Posts: 2,111
    If it's still in an NTC holder then there is a problem here and A BIG RED FLAG
  • K6AZK6AZ Posts: 9,295 ✭
    Aw, come on Dennis, you know what this is. A worked up slider that has a value of maybe $600 in that condition.
  • DennisHDennisH Posts: 14,003 ✭✭✭✭✭
    You mean, this isn't actually a bargain for the picking??? image
    When in doubt, don't.
  • K6AZK6AZ Posts: 9,295 ✭
    You know better. image
  • HeywoodHeywood Posts: 1,246 ✭✭✭
    What is on the obv rim @ 7:00? Solder?

    I agree AU-58 may have been cleaned


    A witty saying proves nothing- Voltaire (1694 - 1778)



    An error does not become truth by reason of multiplied propagation, nor

    does the truth become error because nobody will see it. -Mohandas K. Gandhi (1869-1948)
  • K6AZK6AZ Posts: 9,295 ✭
    Getting serious...

    If this coin sells a crime will have been committed in my opinion. This coin is an AU that has had the surfaces worked over. Some people will tell you tough, the buyer ought to know what he's buying. In this case, the coin is being presented as a MS64, which it is not.

    For those of you who think severe misgrading can not result in criminal prosecution, see:

    US vs. KAYNE
  • messydeskmessydesk Posts: 20,137 ✭✭✭✭✭
    Lump at 7:00 could be a rim cud. There are plenty of other little rim dings on both obverse and reverse at 9:00 - 10:00.
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    '95-Os are prime candidates for this kind of fleecing. Even mint state specimens have enough missing detail above the ear and on the breast feathers that you sometimes can't use it as a diagnostic for determining whether a coin is AU or MS -- so you may have to go by the surfaces. AU coins often have just as much detail in those locations. So if you can work over an original AU a little bit (or a lot) and try to pawn it off as "mint state," many kilobucks can be made.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Geez, anyone ever calculate the value of the silver that has WORN OFF of rare coins?

    Must be most expensive metal in the world.

    image
  • rheddenrhedden Posts: 6,630 ✭✭✭✭✭
    Wow, that is an awful coin. I don't know what's been done to it, but I wouldn't take it for AU money.
  • SunnywoodSunnywood Posts: 2,683 ✭
    When wiull everyone learn to COMPLETELY IGNORE any coin in one of these holders. It is NOT worth the time & effort of discussion. You should NEVER even consider looking at, bidding on, or buying a coin like that.

    Oh, by the way, that's just my personal opinion. No libel or commercial harm intended.

    image

    Sunnywood's Rainbow-Toned Morgans (Retired)

    Sunnywood's Barber Quarters (Retired)
  • tjkilliantjkillian Posts: 5,578 ✭✭✭


    << <i>When wiull everyone learn to COMPLETELY IGNORE any coin in one of these holders. It is NOT worth the time & effort of discussion. You should NEVER even consider looking at, bidding on, or buying a coin like that. Oh, by the way, that's just my personal opinion. No libel or commercial harm intended. >>



    I disagree. There are many new folks who just lurk and never post. By exposing these types of auctions, we help each other out by informing them of the issues. We need to constantly share our knowledge with one another.

    Tom
    Tom

  • messydeskmessydesk Posts: 20,137 ✭✭✭✭✭
    I don't ignore all of them. I bought a lot of 4 uncirculated 1878 7TF Morgans in those holders. They're run o' the mill BUs, but all four were reverse of '79, not noted on the holders. One was a new discovery (VAM 229.1).
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • DennisHDennisH Posts: 14,003 ✭✭✭✭✭
    John:

    Way to go on the R79s!!!

    PCGS sometimes makes that mistake, too. In fact, I always make a point of counting tailfeathers on the eagle. More than once I've paid 7TF money for 8TF coins just because the holder said 7TF.
    When in doubt, don't.
  • Coinhusker1Coinhusker1 Posts: 3,560 ✭


    << <i>Getting serious...

    If this coin sells a crime will have been committed in my opinion. This coin is an AU that has had the surfaces worked over. Some people will tell you tough, the buyer ought to know what he's buying. In this case, the coin is being presented as a MS64, which it is not.

    For those of you who think severe misgrading can not result in criminal prosecution, see:

    US vs. KAYNE >>



    Now wait a minute!! If it is not MS-64, NTC had a grade guarantee they will make good on, right?? imageimage
  • GATGAT Posts: 3,146 ✭
    If TeleTrade can allow only NGC, ICG, ANACS and PCGS slabs to be sold on their site, why can't eBay? Guess I already know the answer, GREED!
    USAF vet 1951-59
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>If TeleTrade can allow only NGC, ICG, ANACS and PCGS slabs to be sold on their site, why can't eBay? Guess I already know the answer, GREED! >>

    That's the unofficial answer.

    The official answer, of course, is "we're only a venue, blah blah blah..."
  • anablepanablep Posts: 5,157 ✭✭✭✭✭
    I don't like it as a 64. Has to be AU58.
    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • K6AZK6AZ Posts: 9,295 ✭


    << <i>I don't like it as a 64. Has to be AU58. >>



    It's not even that. This coin would be lucky to be net graded XF40 at ANACS. The coin has been severely molested.
  • LakesammmanLakesammman Posts: 17,438 ✭✭✭✭✭
    Say it slowly....Nu.....MISTRUST.....image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • airplanenutairplanenut Posts: 22,301 ✭✭✭✭✭


    << <i>

    << <i>The collector I bought it from paid $40,000 for it a year ago. >>



    And it's listed at $12,900. image

    Russ, NCNE >>

    Russ... go back and take economics again... this is called inflation image

    image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • GATGAT Posts: 3,146 ✭
    Airplanenut, prices going down is called deflation, not inflation. image

    Edited to correct the tense if the word call.
    USAF vet 1951-59
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>Airplanenut, prices going down is call deflation, not inflation. image >>

    I'd ask what MIT is calling "economics" these days, but he hasn't started there yet. image

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