When a dealer says something along these lines in the coin's description:

Realone · December 31, 2008 6:03PM

"freshly graded after having been in an amazing type set for over 69 years" please do not fall for it, it almost always isn't true and often impossible to prove any way. It is just selling hype trying to get the newbee to be awe struck and think he is getting something out of this world. I personally hate this kind of crap and hope for the new year that dealers stop this chit.

commoncents05 · December 31, 2008 6:11PM

Though it may be impossible to prove, it is usually impossible to disprove. I don't think every listing is hype. Sounds a little pessimistic to me. How do you know any better?

-Paul

Unknown · December 31, 2008 6:21PM

This content has been removed.

commoncents05 · December 31, 2008 6:46PM

I disagree with your comparison. In your comparison, there is outright fraud going on, where the "old collection story" there is not. The story does not add to the value of the coin, but stating a roll is an original bank wrapped roll would.

In any case, why does it matter. Buy the coin, regardless of where it's been, if it's nice enough. No, it's not needed to sell the coin, but who cares. It seems silly to wrap yourself up so much in a little phrase that really may or may not be true, if anyone would know better than you, it would be the seller. I work at a local B&M store and some day a guy walked in with an 1879 Proof Set that had been sitting in his garage for over 50 years. If I were to put the set up on eBay, I would definitely list the story along with it, but you wouldn't care? Maybe this will be good enough proof... My point is that this stuff really does happen, little old ladies do bring in bunches of old coins that once in a great while are something really nice. I for one would like to know a neat little story that went along with something I was buying.

-Paul

CertifiedGoldCoins · December 31, 2008 8:42PM

This discussion reminds me of stories told by a used car salesman, like "this car was driven only on Sundays." Some stories are hype, others are true. I bought a car with such a story that I was able to verify. With coins, stories abound, but they make no difference, since the mileage on a coin can be seen easily. So what difference does it make if a coin story is true or not?

291fifth · December 31, 2008 10:02PM

Don't dealers always tell the truth?

PerryHall · December 31, 2008 10:22PM

It's only hype---get over it.

joecopper · January 1, 2009 3:49AM

What does "freshly graded" mean? Sounds kinda silly to me.

fcloud · January 1, 2009 3:51AM

Sounds like Marketing 101 to me.

OnlyGoldIsMoney · January 1, 2009 3:52AM

Sounds like a new variation on the "from estate" claim.

lcoopie · January 1, 2009 4:11AM

it depends completely on the honesty of the dealer

If he/she said that, and I felt that they were always honest
I would tend to believe it.

mrpotatoheadd · January 1, 2009 4:31AM

Some things aren't worth worrying about. This is one of them.

RYK · January 1, 2009 4:35AM

<< Some things aren't worth worrying about. This is one of them. >>

Barndog · January 1, 2009 5:09AM

Despite all the "get over it" or "marketing 101" or "it's hype" or "it's part of coin dealing" answers that say it doesn't matter, I agree with realone on this point: INTEGRITY MATTERS. I have a great preference for doing business with people who have integrity, whether it is the coin business or any other goods/services transaction. I believe if a dealer will fabricate a story about a coin's history when he/she knows otherwise, that same dealer is likely to lie to customers about other things (originality of a coin comes to mind first off, I'm sure there are other things). Integrity matters to me, I can and do take my business elsewhere when I suspect a businessperson has "integrity issues."

CoinJunkie · January 1, 2009 5:12AM

I say consider the source. Some dealers/people are honest to a fault. It's a distinct minority,
mind you...

RYK · January 1, 2009 5:30AM

<< Despite all the "get over it" or "marketing 101" or "it's hype" or "it's part of coin dealing" answers that say it doesn't matter, I agree with realone on this point: INTEGRITY MATTERS. I have a great preference for doing business with people who have integrity, whether it is the coin business or any other goods/services transaction. I believe if a dealer will fabricate a story about a coin's history when he/she knows otherwise, that same dealer is likely to lie to customers about other things (originality of a coin comes to mind first off, I'm sure there are other things). Integrity matters to me, I can and do take my business elsewhere when I suspect a businessperson has "integrity issues." >>

Well, who's to say that the coin was not "freshly graded after having been in an amazing type set for over 69 years"? Does Realone really know?

If one of my favorite and trusted dealers tell me this, I will believe it. If he tells me it about every coin he sells, I will not believe it or him/her any more. If a dealer with a questionable reputation tells me, I doubt it. I tend to trust people until they give me reason not to do so, rather than assume everyone is a liar until proven otherwise. IMO, it's a better approach to dealing with folks, though, perhaps, I occasionally get hoodwinked. Nonetheless, I would rather this than the alternative.

AUandAG · January 1, 2009 5:31AM

Most are easily seen for what they are: marketing (good or not so good).

Now, let's take you example. 69 years? 1939ish? Just came on the market (owner now gone on)? Ok, let's say he
lived to a nice old 86. That would make him a collector at age 17 in 1939. Well '39 was not the most prosperous of
times with the depresssion, dust bowl, etc. So, I'd say this is probably just hype with no truth in it at all. Especially
if the coin was a half dollar or larger. Hmmmmmmmmmmm, yep, marketing 101.

bob

Barndog · January 1, 2009 5:40AM

<< 

<< Despite all the "get over it" or "marketing 101" or "it's hype" or "it's part of coin dealing" answers that say it doesn't matter, I agree with realone on this point: INTEGRITY MATTERS. I have a great preference for doing business with people who have integrity, whether it is the coin business or any other goods/services transaction. I believe if a dealer will fabricate a story about a coin's history when he/she knows otherwise, that same dealer is likely to lie to customers about other things (originality of a coin comes to mind first off, I'm sure there are other things). Integrity matters to me, I can and do take my business elsewhere when I suspect a businessperson has "integrity issues." >>

Well, who's to say that the coin was not "freshly graded after having been in an amazing type set for over 69 years"? Does Realone really know?

If one of my favorite and trusted dealers tell me this, I will believe it. If he tells me it about every coin he sells, I will not believe it or him/her any more. If a dealer with a questionable reputation tells me, I doubt it. I tend to trust people until they give me reason not to do so, rather than assume everyone is a liar until proven otherwise. IMO, it's a better approach to dealing with folks, though, perhaps, I occasionally get hoodwinked. Nonetheless, I would rather this than the alternative. >>

if Realone is thinking the same coin and same "line" as I am, yes he does know. The coin can be found in Heritage archives...which don't go back to the 1950s

ColonialCoinUnion · January 1, 2009 5:56AM

<< I tend to trust people until they give me reason not to do so, rather than assume everyone is a liar until proven otherwise. >>

I think this a very healthy way to go through life (though it generally results in less interesting posts here in the forum).

lope208 · January 1, 2009 5:59AM

I don't have a problem with it. If it's obviously over hyped, then don't buy it. Take the stories with a
grain of salt. I usually steer clear of the "grandfather's hoard" coins on ebay. But when I did sell a couple
old Morgans from my grandfather, I noted it in the description. I just left out all the razzle dazzle and exclamation points.

RYK · January 1, 2009 6:06AM

<< 

<< 

<< Despite all the "get over it" or "marketing 101" or "it's hype" or "it's part of coin dealing" answers that say it doesn't matter, I agree with realone on this point: INTEGRITY MATTERS. I have a great preference for doing business with people who have integrity, whether it is the coin business or any other goods/services transaction. I believe if a dealer will fabricate a story about a coin's history when he/she knows otherwise, that same dealer is likely to lie to customers about other things (originality of a coin comes to mind first off, I'm sure there are other things). Integrity matters to me, I can and do take my business elsewhere when I suspect a businessperson has "integrity issues." >>

Well, who's to say that the coin was not "freshly graded after having been in an amazing type set for over 69 years"? Does Realone really know?

If one of my favorite and trusted dealers tell me this, I will believe it. If he tells me it about every coin he sells, I will not believe it or him/her any more. If a dealer with a questionable reputation tells me, I doubt it. I tend to trust people until they give me reason not to do so, rather than assume everyone is a liar until proven otherwise. IMO, it's a better approach to dealing with folks, though, perhaps, I occasionally get hoodwinked. Nonetheless, I would rather this than the alternative. >>

if Realone is thinking the same coin and same "line" as I am, yes he does know. The coin can be found in Heritage archives...which don't go back to the 1950s >>

If that is the case, it is an obvious lie and a rather amateur one, at that. For almost every coin purchase, part of my research process is to go to Heritage and check for comps, and I do not believe I am alone doing so. This lie will easily be caught by numerous potential customers and will result in loss of business and reputation.

It would have been more productive, IMO, for Realone to expose the lie, rather than wax eloquently about the hypothetical.

Edit: If Realone is too bashful to expose the lie, I am sure that there are many here who are not.

mrpotatoheadd · January 1, 2009 6:11AM

<< if Realone is thinking the same coin and same "line" as I am, yes he does know. The coin can be found in Heritage archives...which don't go back to the 1950s >>

Even if the story isn't true, it's still possible the coin is as nice as the seller is trying to convince buyers that it is, isn't it? And if it is, does the story really matter? Unless, of course, you're buying stories, not coins...

Cladiator · January 1, 2009 6:15AM

<< INTEGRITY MATTERS >>

For a great number of people living today, it doesn't. It's unfortunate but true.

Barndog · January 1, 2009 6:16AM

<< 

<< if Realone is thinking the same coin and same "line" as I am, yes he does know. The coin can be found in Heritage archives...which don't go back to the 1950s >>

Even if the story isn't true, it's still possible the coin is as nice as the seller is trying to convince buyers that it is, isn't it? And if it is, does the story really matter? Unless, of course, you're buying stories, not coins...

>>

the coin IS nice. Integrity matters to me, I'm in the minority.

Cladiator · January 1, 2009 6:20AM

<< Integrity matters to me, I'm in the minority. >>

Shouldn't we get some kind of preferential treatment because we're a minority?

RYK · January 1, 2009 6:21AM

<< 

<< Integrity matters to me, I'm in the minority. >>

Shouldn't we get some kind of preferential treatment because we're a minority?

>>

Sure, you get First Shot™.

Barndog · January 1, 2009 6:22AM

<< 

<< Integrity matters to me, I'm in the minority. >>

Shouldn't we get some kind of preferential treatment because we're a minority?

>>

I regret to inform you that the witty retort I planned for your comment is no longer accepted in society, let alone on this forum.

busco69 · January 1, 2009 6:23AM

Freshly graded to me means over graded.It 's about time we put a stop to market grading and got back to to old strick standards.I take 1 to 2 points off most slabs to arive at the real grade and yes this includes the top three.

Cladiator · January 1, 2009 6:29AM

<< 

<< 

<< Integrity matters to me, I'm in the minority. >>

Shouldn't we get some kind of preferential treatment because we're a minority?

>>

I regret to inform you that the witty retort I planned for your comment is no longer accepted in society, let alone on this forum. >>

I'm pretty sure I've got a good idea what the witty retort would have been.

Can we officially call this thread hijacked yet?

tahoe98 · January 1, 2009 6:29AM

................hype.................................it's not just for breakfast anymore

PonyExpress8 · January 1, 2009 6:31AM

As a dealer I don't tend not to say much about where a coin comes from. But I often get asked and if I am asked I tell the potential buyer how I acquired it. Sometimes the coin is from a collection I was fortunate to buy. Sometimes it was bought at a show.

Most dealers I know are pretty honest about where a particular coin came from. There isn't much motivation to bend the truth because it is the coin that will sell itself. How it got there is just a bit of information some buyers like to know as well.

Barndog · January 1, 2009 6:32AM

<< 

<< 

<< 

<< Integrity matters to me, I'm in the minority. >>

Shouldn't we get some kind of preferential treatment because we're a minority?

>>

I regret to inform you that the witty retort I planned for your comment is no longer accepted in society, let alone on this forum. >>

I'm pretty sure I've got a good idea what the witty retort would have been.

Can we officially call this thread hijacked yet?

>>

not yet.

I do know which three people owned this coin prior to me:

ziggy29 · January 1, 2009 6:34AM

<< If one of my favorite and trusted dealers tell me this, I will believe it. If he tells me it about every coin he sells, I will not believe it or him/her any more. If a dealer with a questionable reputation tells me, I doubt it. I tend to trust people until they give me reason not to do so, rather than assume everyone is a liar until proven otherwise. IMO, it's a better approach to dealing with folks, though, perhaps, I occasionally get hoodwinked. Nonetheless, I would rather this than the alternative. >>

That about sums it up. As long as I don't have a lot to personally lose by trusting someone, I would lean toward trusting them until they demonstrated they were not worthy of it. Obviously, if I have a lot to lose by giving my blind trust, that's a different story.

When a dealer says something along these lines in the coin's description:

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