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Someone got a nice score at Teletrade

IconbusterIconbuster Posts: 148 ✭✭
in U.S. Coin Forum
I was looking at TT realized price history for some Lincolns from the so-called "Lakeside" hoard and found this surprise:

image

image

Sold for $345 with juice...
- Bob

Successful BST transactions with: Tdec1000(2x), SeaEagleCoins, sweetwilliet, piecesofme, MICHAELDIXON, lkeigwin, Gerard, THEGENERAL, ponderit, pursuitofliberty, AnkurJ, kryptonitecomics

Comments

  • NotSureNotSure Posts: 2,982 ✭✭✭
    Indeed they did!!!
    I'll come up with something.
  • RedHerringRedHerring Posts: 2,077 ✭


    << <i>Sold for $345 with juice... >>



    Wow! Whoever bought that must be VERY happy!

  • Batman23Batman23 Posts: 5,001 ✭✭✭✭✭


    << <i>Sold for $345 with juice... >>



    image
  • IconbusterIconbuster Posts: 148 ✭✭
    - Bob

    Successful BST transactions with: Tdec1000(2x), SeaEagleCoins, sweetwilliet, piecesofme, MICHAELDIXON, lkeigwin, Gerard, THEGENERAL, ponderit, pursuitofliberty, AnkurJ, kryptonitecomics
  • pmacpmac Posts: 3,189 ✭✭✭
    "Gee, I already have an 09S-vdb. I'm looking for a plain & simple 09S."
    image
    Paul
  • CaptHenwayCaptHenway Posts: 32,800 ✭✭✭✭✭
    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • bushmaster8bushmaster8 Posts: 5,616 ✭
    Yes, yes, TT is a dumping ground for dealers junk. You'll never find anything profitable there...blah, blah, blah!
    "Wars are really ugly! They're dirty
    and they're cold.
    I don't want nobody to shoot me in the foxhole."
    Mary






    Best Franklin Website
  • IconbusterIconbuster Posts: 148 ✭✭
    This is interesting...I just ran a PCGS cert # verification check on that coin and it comes back as 1909-S VDB. That's one expensive 'mechanical error'!
    - Bob

    Successful BST transactions with: Tdec1000(2x), SeaEagleCoins, sweetwilliet, piecesofme, MICHAELDIXON, lkeigwin, Gerard, THEGENERAL, ponderit, pursuitofliberty, AnkurJ, kryptonitecomics
  • bushmaster8bushmaster8 Posts: 5,616 ✭
    Unbelievable that the submitter didn't catch it when returned from the TPG!

    Or did TT send the raw Lakeside coins to PCGS ?
    "Wars are really ugly! They're dirty
    and they're cold.
    I don't want nobody to shoot me in the foxhole."
    Mary






    Best Franklin Website
  • Batman23Batman23 Posts: 5,001 ✭✭✭✭✭


    << <i>Or did TT send the raw Lakeside coins to PCGS ? >>



    Ouch!! That would leave a mark!
  • chucknrachucknra Posts: 310
    Holy Smokes!!!!!!!
    Save $$$ on many purchases to include EBAY and EBay Stores.

    Big Crumbs Link

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    Chucknra@yahoo.com
  • IconbusterIconbuster Posts: 148 ✭✭


    << <i>Unbelievable that the submitter didn't catch it when returned from the TPG!

    Or did TT send the raw Lakeside coins to PCGS ? >>


    It looks like these were submitted in bulk (by TT or earlier by the consignor), as the cert #'s are tightly bunched together. The subject coin is followed in the PCGS database by 4 consecutive 1909-S (no VDB) coins, and 3 of those 4 are graded F15 just like this one. It's obviously not acceptable but I can understand how PCGS might have goofed here.
    - Bob

    Successful BST transactions with: Tdec1000(2x), SeaEagleCoins, sweetwilliet, piecesofme, MICHAELDIXON, lkeigwin, Gerard, THEGENERAL, ponderit, pursuitofliberty, AnkurJ, kryptonitecomics
  • illini420illini420 Posts: 11,467 ✭✭✭✭✭
    darn, and I looked at all of those too, guess i didn't look careful enough. but based on the $345 price, at least two people knew about it at the time of the auction, and at least one of them was nice enough to stop bidding.

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • seateddimeseateddime Posts: 6,180 ✭✭✭
    why would the seller not know this?
    I seldom check PM's but do check emails often jason@seated.org

    Buying top quality Seated Dimes in Gem BU and Proof.

    Buying great coins - monster eye appeal only.
  • IconbusterIconbuster Posts: 148 ✭✭


    << <i>darn, and I looked at all of those too, guess i didn't look careful enough. but based on the $345 price, at least two people knew about it at the time of the auction, and at least one of them was nice enough to stop bidding. >>


    Yeah, my initial reaction to it was, 'What the hell was the underbidder thinking!!??' You'd think he/she would have put in a max bid a few hundred $ higher and at least give themselves a fighting chance to win in case someone else recognized the mistake and put in a bid, which turned out to be the case.
    Edit: Corrected for spelling.
    - Bob

    Successful BST transactions with: Tdec1000(2x), SeaEagleCoins, sweetwilliet, piecesofme, MICHAELDIXON, lkeigwin, Gerard, THEGENERAL, ponderit, pursuitofliberty, AnkurJ, kryptonitecomics
  • jhdflajhdfla Posts: 3,030 ✭✭✭


    << <i>why would the seller not know this? >>




    See Bushmaster's post. The most probable scenario as he said was they were submitted raw in bulk by Teletrade for the consignor, and of course returned right back to Teletrade for auction and not to the consignor. Not surprised that no one at Teletrade caught it either, there were a ton of coins in this deal.

    J.
    SeatedQuarters
  • IconbusterIconbuster Posts: 148 ✭✭


    << <i>

    << <i>why would the seller not know this? >>




    See Bushmaster's post. The most probable scenario as he said was they were submitted raw in bulk by Teletrade for the consignor, and of course returned right back to Teletrade for auction and not to the consignor. Not surprised that no one at Teletrade caught it either, there were a ton of coins in this deal.

    J. >>


    According to the TT website there are over 3500 certified coins in the hoard. image
    - Bob

    Successful BST transactions with: Tdec1000(2x), SeaEagleCoins, sweetwilliet, piecesofme, MICHAELDIXON, lkeigwin, Gerard, THEGENERAL, ponderit, pursuitofliberty, AnkurJ, kryptonitecomics
  • coolestcoolest Posts: 2,281 ✭✭✭
    The reverse photo was Photoshoped to make it look like VDB.



    Just guessing.
  • RampageRampage Posts: 9,512 ✭✭✭✭✭
    I'd be somewhat ticked if I was the original owner and trusted TT To take care of my coins then they did not check them.
  • kazkaz Posts: 9,280 ✭✭✭✭✭
    image !
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>The reverse photo was Photoshoped to make it look like VDB.



    Just guessing. >>




    So, Coolest, you saying TT did the photoshopping and calling them dishonest about it?
    That's pretty ballsy, and unlikely.

    If you go to TT here you will see that the OP used the straight up TT photos....he didn't edit them, so that would lean towards you accusing TT of photoshop editing......

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • IconbusterIconbuster Posts: 148 ✭✭


    << <i>The reverse photo was Photoshoped to make it look like VDB.

    Just guessing. >>


    Well I'm guessing you didn't read the thread, as it's been established that the slab was mislabeled - the VDB is legit.
    - Bob

    Successful BST transactions with: Tdec1000(2x), SeaEagleCoins, sweetwilliet, piecesofme, MICHAELDIXON, lkeigwin, Gerard, THEGENERAL, ponderit, pursuitofliberty, AnkurJ, kryptonitecomics
  • lordmarcovanlordmarcovan Posts: 43,895 ✭✭✭✭✭
    Wow, that's crazy. I guess somebody has recourse with PCGS, due to the mechanical error?

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • illini420illini420 Posts: 11,467 ✭✭✭✭✭


    << <i>Wow, that's crazy. I guess somebody has recourse with PCGS, due to the mechanical error? >>



    Given that there are a bunch of 1909-S (non-VDB) Lincolns under cert numbers near the subject coin, I'm guessing that it was the submitter's (likely Teletrade's) error in that they were all likely submitted as 1909-S (non-VDB) cents together under the same line number on the PCGS forms. Sure, PCGS should share in the blame for not picking up something this significant.

    I have a couple of 1909 VDBs in regular non-VDB PCGS holders as well... but none of them are from San Francisco!! But given the few that I have and now this coin, it sure doesn't seem to be an isolated incident on the 1909 cents, so pay close attention!!!


    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • robkoolrobkool Posts: 5,934 ✭✭✭✭✭
    I guess that deserves a first TT YOU SUCK AWARD to the winning bidder...
    Ebay items for sale Current BIN's / The Kingdom Collection
  • sinin1sinin1 Posts: 7,500 ✭
    I remember a couple years ago someone got a BU washington quarter

    with label of 1932 washington

    but did not mention the mintmark on the reverse

    teletrade does still have some bargains
  • PlacidPlacid Posts: 11,299 ✭✭✭
    The cert number when used at pcgs cert verification shows,

    Cert Verification #: 15051378
    PCGS Coin #: 2426
    Date, mintmark: 1909-S VDB
    Denomination: 1C
    Variety:
    Minor Variety:
    Mint Error:
    Pedigree:
    Country: The United States of America
    Grade: F15BN
    Mintage: 484,000
    PCGS Price GuideSM Value: $1,250

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