This eBay seller's logic makes me laugh

doh

I asked him how he knew that "under 5,110" were known to exist. His answer: "The only records kept are the totals from NGC and PCGS. The number is graded coins which are the only ones known." I then asked him how that makes any sense as THE ONE HE IS SELLING IS UNGRADED. His response: "I use the population reports from those two grading companies and add 5 to ten to the number for those that are not graded." So, according to this seller's logic, there are 5-10 genuine 1893-S Morgan Dollars that are not in PCGS or NGC holders. I keep thinking I'm missing something, but maybe that's actually what he thinks.


1893-S Morgan

mgoodm3

i believe that your screenname sums things up.

Barbercoin

Remember, this guy wants this coin to sell and therefore is motivated accordingly.

Obviously, he's bending the truth to "suit his needs". He's probably done this so many times, that he actually believes it. Nobody can convince him otherwise.

AUandAG

I'd like to see this in a slab. Bet it would never get in a PCGS or NGC slab due to the rim damage on the
reverse from 4 to 7. The date seems to have a 3 that is set too low and that's a problem with me as well.
Since there was only one obverse die I believe that this might just be a fake and he might just know that
as he's tried to have it slabbed and no go.
What say you on the fake idea?

bob

doh

<< <i>Remember, this guy wants this coin to sell and therefore is motivated accordingly >>


Right...but he's selling an expensive coin that chances are only a (relatively) experienced buyer is going to purchase. Any buyer, with any numismatic knowledge, is going to know this guy's logic is suspect at best and would probably look elsewhere for the coin. IMHO, the seller putting that in his listing actually detracts from it, not adds to it.

And yes, WOW, now that you mention it, the 3 does look very suspect. This coin might be a fake....the guy has decent feedback though. Who knows?

19Lyds

I would think that he'd state that only 100,000 are known to exist since that is the official US Mint numbers for the date/mm with only 5,167 graded by PCGS & NGC but I guess that might turn off prospective bidders?

jessewvu

I would say he is correct but misleading. When used as an adjective, known means to be proved or generally recognized: the only known case. I guess he is right if he is quoting grading companies that actually account for graded versions of this coin. All other coins are "unknown" to the grading companies. He might be better of saying only 5,110 have been graded with 100,000 (or whatever it is) minted.... But like it was said above, he has his motives.

Russ

Must be okay, he's a .

Russ, NCNE

MrBeast

I seem to recall reading another thread about this guy a while back: it appeared that he was buying ANACS "Details" slabs & cracking out the coin, then selling it with no mention of the fact that it had been cleaned, scratched, or whatever.