Another phantasy FDC auction...

coindeuce

momshopoholic must be a TPG grader!!

sweetwilliet

All I can say is wow! That is a lot of money!!

fc

from the price the winner must be assuming it will grade a gem 65?

coindeuce

<< <i>from the price the winner must be assuming it will grade a gem 65? >>



Might be a fair hammer with an accredited auction house from a floor bidder that previewed the coin in hand and formed an opinion of PR-66????

droopyd

All I can say is.... ouch!

This the one discussed earlier, correct?

Cgb

What does this coin grade? Is it even a proof?

njcoincrank

I don't know what the rest of you all think, but from the image, and we all know you can't really grade a coin from an image, it appears that the buyer might just have got the "rip" of the day. Or week. Coin looks pretty sweet to me.

njcoincrank

coindeuce

<< <i>I don't know what the rest of you all think, but from the image, and we all know you can't really grade a coin from an image, it appears that the buyer might just have got the "rip" of the day. Or week. Coin looks pretty sweet to me.

njcoincrank >>

I could post images here of a "California" proof that would probably elicit the same opinion. But I bet you don't know what that is, eh?

njcoincrank

A highly polished, re-frosted, and then laquered dmpl business strike? Or are you talking about something else?

And by the way...if ANYONE can dublicate that kind of toning, then we as a hobby are in some serious trouble.

coindeuce

Right on NJc. I've got one that could fool plenty of fleaBay bidiots IMHO.

Doogy

HERE IS THE BUYER, IN A PREVIOUS THREAD TODAY

click here for the thread

njcoincrank

coindeuce...are you saying that you don't believe this coin to be a proof?

ozzyfan269

Yes, this guy is scary. No return. I like his coins, but I couldn't make a gamble like that on a sight unseen raw coin.

coindeuce

I believe half of what I see in hand and none of what I don't. But that's just me.

njcoincrank

coindeuce...Do we know each other?

kevinstang

<< <i>from the price the winner must be assuming it will grade a gem 65? >>



Or an idiot, no paypal, no return, no holder = crazy

MMagidson

You guys are a little hard on me. Though, I guess I should be grateful, since I just notified the seller I would not go through with the auction without first having the coin graded (it has to come back unaltered--not a specific grade, etc.). I'm curious what he'll say. I'll let you know.

I guess it's been a long time since I've bought coins with any degree of seriousness. However, the idea of fakes never really occurred to me--not with over 500 positive feedbacks. I need to contact eBay--the comments that have been posted here--where the buyer later discovered the coins have been altered--should be placed somewhere that they show-up on a relatively normal review of ratings. That's kind of the point of the ratings, no?

You guys are little off on the whole motivation and comparison to auction houses, etc. Or at least we look at things from very different perspectives. To me, absent the fraud--which I say, really wasn't something I was thinking about, the question is one of probabilities. What are the odds the coin would grade less than PR65, more than, etc. Based on that, I assess what I consider a reasonable value. If, after buying the coin, it comes back, say PR64, I lost a few thousand, versus if it comes back PR67, and I gained $10,000 plus. It's a risk, but I tend to do it with a coin with a limited downside and a high upside. At an auction, you don't have that gamble--there's little chance that the coin is going to come in graded higher, etc. So you don't pay anything for that potential upside.

Anyway, thanks for the help. I'll let you know what the seller says.-

SUMORADA

I could be way off on this but if you look at the pic from the auction (on the left) then look at the pic on the right that I sharpened the focus to the extreme, there is a large section of the cheek area that remained the same, could be that area of the photo was helped out a little...........? I hope not, good luck and please post when you receive the coin, Happy Holidays

Frankcoins

Boy, somebody got screwed!

cmerlo1

What's hiding under the toning? Can't tell from the pics. Hopefully, not a lot of hairlines!

coinlieutenant

Bottom line is that you dont buy raw coins on ebay without return privs. PERIOD!

IF you feel comfortable grading coins raw AND there is a return priv, then ebay can have its rewards. If there was a return, I would have bid on this coin....without a doubt. I would bid on the 08-O that is on there as well. However, no return, no business.

MMagidson

Yeah, I'm probably too understanding. I could totally see why someone selling ungraded coins would not want to take returns. Someone buys it and says, well, I thought it was MS66, but it's really only 65, etc. That risk I was ok with. It was the just plain fraud (i.e., the coin was altered, etc.), that didn't occur to me.

19Lyds

Good Luck on your proposition to the seller as I hope he takes. My gut feeling is that he will not and will simply offer it to the underbidder for $100 less. After all, consider this, he may not have PCGS grading priviledges. If he does then why aren't some of these graded? Personally, I would have had my $6,000 coin graded and then perhaps sold it for $10,000! Despite the apparant lack of knowledge, this seller knows exactly what he is doing which is what the no credit cards/no paypal business is all about.

Secondly, if he does not have PCGS grading priviledges and he takes it to a dealer that will submit it, do you think the dealer would remark on the grade of the coin and its approximate value considering the insurance required to send such a gem Registered? Also, what if he submits it to SGS or even worse NNC?

I don't have $6,000 plus to just take a chance on this stuff so I hope it works out.

As for the toning on that coin, it reminds me of toning that can show up on proofs that are in mint cello for a bazillion years that were stored improperly or improperly packaged. I just pulled a Lincoln cent and Jefferson nickel out of sealed mint cello's from 1963 and 1962 respectively. Somehting happened to these guys that just toned the whole bunch in a similar pattern.

Again, good luck!