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How does this guy sell coins for so much?

commoncents123commoncents123 Posts: 2,648 ✭
in U.S. Coin Forum
I just don't get how this guy can sell a common AU coin that's likely cleaned for so much. If I auctioned that coin it'd bring $130 or so.

Comments

  • FrankcoinsFrankcoins Posts: 4,569 ✭✭✭


    << <i>I just don't get how this guy can sell a common AU coin that's likely cleaned for so much. If I auctioned that coin it'd bring $130 or so. >>



    It's a huge company with a big email list, and they regularly send out email lists of their coins on ebay about to
    end. Finding at least 2 people who really want a coin is the key to auction success. Otherwise sellers fall victim to
    lowball snipers.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • ibzman350ibzman350 Posts: 5,315 ✭
    looks like 2 bidiots!



    Herb
    Remember it's not how you pick your nose that matters, it's where you put the boogers.
    imageimageimage
  • GABGAB Posts: 641 ✭
    It's like this on all their coins. They consistently get way higher bids than they should?
    I have no idea why or how, but it sure seems fishy to me.
    Golf time!!
  • UnknownUnknown
    This content has been removed.
  • GATGAT Posts: 3,146 ✭
    Check the archives if you want to get a ear full. I wouldn't bid two cents on any of their auctions.
    USAF vet 1951-59
  • GFourDriverGFourDriver Posts: 2,366 ✭
    They always get top dollar, I don't even bid on their stuff.
  • ZoinsZoins Posts: 34,353 ✭✭✭✭✭
    The photos help.
    Private Mint News | 2010 Lincoln Reverse Finalists
  • RikeyRikey Posts: 101
    I, too have been following this. Recently his photos have been enhanced. I have bought from him at decent prices. Recently, a raw 1947d Walker sold for 142.50.

    A PCGS ms-64 lists for 57 bucks. The guy buying that looks at a picture and says that is a MS 65...

    I got a 1947d Anacs for 56 bucks. I overpaid because it was the last hole to fill.

    The Photos bother me and I will pass on his stuff.

    His coins are followed by many. There must be a demand to fill holes.

    Filling holes becomes addictive. You collect the date and not the grade. Not smart.

    His big selling point is he will take back raw coins with no questions asked.
    Krav Maga is my main interest.
  • thatoneguythatoneguy Posts: 285


    << <i>looks like 2 bidiots!



    Herb >>



    image
  • tmoneyeaglestmoneyeagles Posts: 442
    Well it is really easy once they edit the pics of their coins.

    Go to toolhaus, and see all the negs they have... It is almost the same thing every time "Coin no where near as good as in photos" or "Doctored photos made coin look better than it is"
  • RikeyRikey Posts: 101
    They just started to enhance photos. Before the photos were good. I have been looking at his operation for 3 months now. It seems he will never run out of material. You can see coins that have been returned on resale.

    He writes "Near Gem+++ WTF does that mean.
    Krav Maga is my main interest.
  • thisnamztakenthisnamztaken Posts: 4,101 ✭✭✭✭✭
    I never have liked the surrealistic look to their photos - always greenish-goldish-weirdish and with strange textures. You know...like they've been Photoshopped or something. image
    I never thought that growing old would happen so fast.
    - Jim
  • steelieleesteelielee Posts: 1,162 ✭✭✭
    Whenever I see lots of bid activity on raw, common date items, I think funny things. I took one of this guys auctions this morning, a 1941-S Merc, PCGS65, and looked at the bid history. A bidder with 5 FB, bid it up pretty good. Looking at his bid activity, remember FB of 5, he has 45 bids, all with this seller...that's enough to back me away.
    ************************************

    Many successful BST transactions with dozens of board members, references on request.
  • mozeppamozeppa Posts: 4,431 ✭✭✭


    << <i>It's a huge company with a big email list, and they regularly send out email lists of their coins on ebay about to
    end. Finding at least 2 people who really want a coin is the key to auction success. Otherwise sellers fall victim to
    lowball snipers. >>




    DAMN FRANK! ... We agree!....(and the better than average juiced photos help some too.)imageimage
  • garsmithgarsmith Posts: 5,894 ✭✭
    Maybe K***S is a shill image


    12 bids in less than 2 minutes just don't seem right smoehow
  • Walkerguy21DWalkerguy21D Posts: 11,528 ✭✭✭✭✭


    << <i>I just don't get how this guy can sell a common AU coin that's likely cleaned for so much >>


    I posted a similar remark in a thread about GSC last month!
    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • yellowkidyellowkid Posts: 5,486 ✭
    I suspect, from my experience, that a lot of their "BU" coins are in fact nice AU58's. They are good about returns though.
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    His photos have been unrealistic for years. He angles them into the light and hides every major and minor defect. 3 or 4 years ago I bought several coins over a couple of months and had to return every single one for some major problem not evident in the photos. That said, they did take them back and they were just reposted the next week.

  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    I thought the seller was going to be one of those state unclaimed property auctions. Seems like they always get moon money for mediocre stuff.
  • Wolf359Wolf359 Posts: 7,657 ✭✭✭
    I've bought from them a few times. Never got any emails about coins they have for sale. I think they shill.

    Some of the prices are beyond belief.
    Multi-channel listings of coins and inventory management

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  • joebb21joebb21 Posts: 4,749 ✭✭✭✭✭
    buy the plastic not the coinimage
    may the fonz be with you...always...
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭


    << <i>Well it is really easy once they edit the pics of their coins.

    Go to toolhaus, and see all the negs they have... It is almost the same thing every time "Coin no where near as good as in photos" or "Doctored photos made coin look better than it is" >>



    I do not believe they edit their pics.

    However, they do take pics of coins at an angle, which hides many problems.
    Collector of Large Cents, US Type, and modern pocket change.
  • johnny54321johnny54321 Posts: 480 ✭
    I have purchased from them before. Occasionally(very seldomly), one can pick up a nice coin for very little. The overexposure can make the coin look worse than what it does in hand. The nice dark CBQ I posted several weeks ago I purchased for a song, and it looked worse in the sellers pics than it does in hand. However, for the most part, this seller really concerns me. What really scares me are all of the raw early proofs that he has for sale as "gem" or "superb gem". Usually the photos are taken with way WAY too much glare, which basically hides everything. Also, the hairlines that usually lower the grade of a proof are hard to capture in photos anyway. I think people are paying PR-65 or 66 money for either impared or PR-61 proofs; which can make a major difference in value on these early coins.
    All coins kept in safety deposit box.
  • gripgrip Posts: 9,962 ✭✭✭✭✭
    Link no work?
  • ambro51ambro51 Posts: 13,836 ✭✭✭✭✭
    I confess I bought a raw 1861 gold dollar from them a few months ago....not BU, probably more like AU55 but it was a good coin anyway, and the price was OK for the grade it turned out to be. In the photo....looked like it was polished to hell I was rather glad to get it in hand and find out it looked just like normal gold. Nothing special, but not a problem coin either.


  • dorkkarldorkkarl Posts: 12,691 ✭✭✭
    scammers, there i said it

    K S
  • dohdoh Posts: 6,457 ✭✭✭
    Pictures make the coins look better than they really do in real life I imagine
    Positive BST transactions with: too many names to list! 36 at last count.
  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭
    Could this seller be the same as the old Tuesday Night-Thursday Night-Saturday Night guy from a few years ago? Great Southern is from TX, not MS but there seems to be many similarities between the two.
  • guitarwesguitarwes Posts: 9,270 ✭✭✭



    I really want to know where they get all those coins from to sell that many different high dollar (to me) coins so rapidly. Seems like it would dry up someday. There's several dealers on eBay like that.

    I've bought from this seller before, but not in the last couple of years. I've got some nice stuff at a reasonable price, but you can forge it now.



    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • tjc2120tjc2120 Posts: 714 ✭
    Looks like "GEM BU RB ** RED BROWN!!!" = BU BROWN!!! at best but more likely AU55!!!!


    Link
    "spot on my UHR, nevermind, I wiped it off"

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