Farm Hoard Story.....Do you believe this one?
DNADave
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DNADave
Posts: 7,309 ✭✭✭✭✭
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Just curioius, what seems "too risky"?
<< <i>Did you check out his Other Auctions?
Just curioius, what seems "too risky"? >>
No return statement, no paypal (which I can understand) but no recourse at all there.
A little too good to be true. Overdates in the pile 17/13 8/7 18/17 holy crap all loose like that.....scary
If it's to good to be true, it probably is.
Thats a ton of cash sitting there. I live not far from there, I will send a message to see if I can view the lot and/or if they would let the winning bidder pick the lot up in person.
Thanks. I live about 90 minutes away, and not worth the trip.
Just curioius, what seems "too risky"? >>
No return statement, no paypal (which I can understand) but no recourse at all there.
A little too good to be true. Overdates in the pile 17/13 8/7 18/17 holy crap all loose like that.....scary
,,,,,,,,
If you went to the "farm sale" in person and bought the things yourself or had your wife, etc. do it for you; do you think the auction company would let you return it a week later?
<< <i><< Did you check out his Other Auctions?
Just curioius, what seems "too risky"? >>
No return statement, no paypal (which I can understand) but no recourse at all there.
A little too good to be true. Overdates in the pile 17/13 8/7 18/17 holy crap all loose like that.....scary
,,,,,,,,
If you went to the "farm sale" in person and bought the things yourself or had your wife, etc. do it for you; do you think the aucrion company would let you return it a week later? >>
No, but if I bought them at the sale myself, they wouldn't still be loose in a box, getting all kinds of fresh new shiney spots, scratches and dings. Doesn't everyone here say "I wouldn't buy that without a return policy"?
<< <i>I saw the same description from this seller a few months back for some beautiful CC Morgans. Looks too good to be true to me. >>
He received glowing feedback for those morgans, too.
A set of bust halves like that wouldn't have been a difficult, or particularly expensive, set forty or so years ago.
So tempting, isn't it?
<< <i>No, but if I bought them at the sale myself, they wouldn't still be loose in a box, getting all kinds of fresh new shiney spots, scratches and dings. Doesn't everyone here say "I wouldn't buy that without a return policy"? >>
Well I would certainly hope he wouldn't ship them loose in the box. I'd be askin aforehand about packaging, etc. At least you know his return policy up front so you can bid or not bid accordingly. You are right in that he leaves a buyer with no recourse other than to "get out the ketchup cuz yer gonna eat it" if the buyer ends up unhappy.
Always a red flag.
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but then i would go get them in person.... only cuz i'm close.
I would pass unless you could view in person.
He's got good feedback, but the coincidence of stumbling upon so many coins at farm auctions is curious.
He shipped them wrapped in paper towels and in a couple padded envelopes and then in a box.
He never lists the mintmarks in his individual coin auctions, almost as if he doesn't know that it matters in the value of a coin.
He recently sold a huge lot of old silver coins that went for about 12K.
If he did get all of this at a farm auction I want to know what he paid for it!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Once there was a fair sized cardboard box full of comic books from the 1950s.
I remember distinctly one was issue 3 of Little Lulu.
They were not torn nor missing pages, and a lot were like new.
I didn't collect them, and I think they sold for around $20.
I kicked myself afterwards, as I found out there were people that collected that stuff.
Another time, I bought a #1 $20 small sized National Bank Note from The First National Bank of Grantsville, Wisconsin, Charter #8444.
I sold it to the son of the bank owner, who happened to be a writer for Numismatic News, Burnett Anderson.
He did a full page article in Numismatic News including our corespondence, on the note.
Burnett is deceased now, and his son now owns the note. Here Is an internet article concerning the note.
I don't collect the Bust Halves, but even at rock bottom prices, 46 are worth $1500.
Ray
peacockcoins
<< <i>Did you check out his Other Auctions?
Just curioius, what seems "too risky"? >>
I wonder why he didn't claim to find the John Deere wall clock at a farm auction?
The farm auction routine with the coins might be bogus and used to hype up the idea that this is all "fresh" material. If so, he went to the
trouble of even finding an old cigar box to put them in.
The coins don't like like Chinese fakes, I think they are the real thing but putting them in a pile like that is not the best way to show them. IMO.
If they have been handled 100% correctly, then the story is highly unlikely. If the story is 100% true, then proper handling is highly unlikely.
His feedback looks good on previous sales, but to me the story is hard to believe. Anyone bidding $500 on the current Morgan(looks real nice now) with no return policy is more brave than I when it comes to hanging your money out there. I don't know how you could not call that a gamble.
to buy for resale on Ebay but I don't know enough about those markets to make an educated guess as to a fair price to pay for them at auction so I let them go. With buying things for resale on Ebay it is best to know the market.
When My grandparents sold their business (gas & bait store in the front half of a large 'house') and left a little town in Ohio back in 79' to move to Florida... they had tons of stuff that would make a serious collector cringe at the 'storage'... boxes & cans FULL of old coins (they ran a store), comics, marbles & original barbies tossed in a box in the attic, glass insulators used as doorstops & bookends, tons of stuff. They had collected things that they had "heard" were/or would be "worth money"... did they have a clue?? NO. Did a savvy city-man snap it all up for a song? YES.
So, you never know when one man's "junk" is another's treasure...
<< <i>Well... some people are auction hounds, and that's all they do. So, if you go to farm auctions all the time every week, you are bound to find a lot of "collectable" items that may not necessarily have been kept in collectable condition.
When My grandparents sold their business (gas & bait store in the front half of a large 'house') and left a little town in Ohio back in 79' to move to Florida... they had tons of stuff that would make a serious collector cringe at the 'storage'... boxes & cans FULL of old coins (they ran a store), comics, marbles & original barbies tossed in a box in the attic, glass insulators used as doorstops & bookends, tons of stuff. They had collected things that they had "heard" were/or would be "worth money"... did they have a clue?? NO. Did a savvy city-man snap it all up for a song? YES.
So, you never know when one man's "junk" is another's treasure... >>
Old collectable items come on the market all the time from various sources. I had a great aunt whose husband was in the circus and he
had a large collection old circus posters covering many years. That stuff would probably be worth a fortune these days but I don't know
whatever happened to it.
In honor of the memory of Cpl. Michael E. Thompson
His online ad says he has a bank hoard unsearched. At the show, one of the boys was going through coins (cherrypicking on the spot), tossing these coins into a pan after looking at the dates.
I am not against anyone making money, but when I see his ebay ads I could spit.
I've seen him recommended to people on the boards.
It isn't about whether I believe the guy, I just don't like the "GO FISH" auctions or sales.
Others make millions off of people with this very tactic. Just throw a KEY DATE in on occassion and you too can make millions selling coins this way.
What's your goal ? I don't want to hit pay dirt and find out that I've dug a grave.
``https://ebay.us/m/KxolR5
The sotyr isn't too ridiculous, so I guess it is believable
<< <i>He's knows enough to put the coins with the most original look on the top of the heap. Most of those underneath look cleaned. >>
I thought the same. Usually, the people who don't know coins put the shiny, cleaned ones on top.
>>
1885 Morgan
Successful BSTs with: Grote15, MadMarty, Segoja,cucamongacoin,metalsman.
<< <i>This guy is located 10 miles from my shop and there are two other dealers located in Bradley. None of us have been approached on these coins. I find it interesting that if he knows nothing about coins we wouldn't have at least been called as to their worth. I asked seller a question about viewing the lot but have not received a response.
Got my response, No you can't view, no exceptions to the no refund rule, no paypal ever and no you can't pay in person.
I was really tempted, but I think I must pass. I do kinda find it interesting, the story, how all the over dates are on top of the pile, hints that rolls were wrapped in a paper wrapping, in the nickel auction the 1886 finds it way onto the top of the pile. Hmmmmm.
If anyone here buys the halves, please let us know how it turns out. Thanks
Will’sProoflikes
Think about it. First.... any bona fide auctioneer knows that coins are VALUABLE. Do you really think they would basically ignore these and just auction off in a cheap lot?
AND... check his other auctions. There are GOLD coins that came from the same 'farm' sale. Again.... do you really think the auctioneer (or the sellers, or the estate handlers) would not recognize these for what they are??
And finally... individuals that attend auctions have a good knowledge of what items are worth relatively. Even at farm auctions. I attend quite a few different types of auctions, including farm auctions. I've seen coins fetch stupid money at some of the farm auctions! Up to 10X what they are worth!!
They guy may not be out to scam you... meaning you may get the coins. But, I just do not believe the story. The story kind of reminds me of the Nigerian money scam stories.... we have all of this money and we want to share it with you!!
That certainly appears to be what the high bidders are counting on.
Russ, NCNE
Very clever how he pictures one but makes no claim they are all S minted.
Just to update, the lot of older Bust Halves is up to $6,100, so they are certainly bringing some serious attention anyway.
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
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He just pictures one to the side so you think perhaps its an original roll of 85-Ss.
Very, very clever.
He lets the bidders greed blind them to the obvious.
<< <i>Note he does not say they are all 85-S.
He just pictures one to the side so you think perhaps its an original roll of 85-Ss.
Very, very clever.
He lets the bidders greed blind them to the obvious. >>
He doesn't say that are all 85-S because they are not all 85-S
He pictured 3 coins from the roll, and one happened to be an S.
Not very clever at all, because as he said when answering questions, there are numerous coins with mintmarks in the roll, including CC and S
<< <i>Note he does not say they are all 85-S.
He just pictures one to the side so you think perhaps its an original roll of 85-Ss.
Very, very clever.
He lets the bidders greed blind them to the obvious. >>
I agree completely.....I'm guessing that there is one 85-S, one 85-CC, and the rest Philly and New Orleans. Notice that he would not give me exact totals. Someone will likely account for a better mix in their bid and be very dissapointed in the coins, even if the 85-S and the 85-CC are indeed nice.
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
The Reeded Edge
<< <i>I agree completely.....I'm guessing that there is one 85-S, one 85-CC, and the rest Philly and New Orleans. Notice that he would not give me exact totals. Someone will likely account for a better mix in their bid and be very dissapointed in the coins, even if the 85-S and the 85-CC are indeed nice. >>
Yep, it's like sellers who do mystery lots of certified coins. Buyer get one PCGS or NGC, and a pile of crap slabs.
Russ, NCNE