Ebay $30,000 Morgan set for $1500, this will make your head spin.
Darkwaverave
Posts: 111 ✭✭
So I was glancing at Ebay this morning and missed an interesting auction. 40 NGC Morgans valued at over 30K for $1500 bucks that sold. The MS63 1884-S is about a 25K coin alone. Here is the link:
30K in NGC Morgans for $1500
So do you think it is several typos in the dates, an uninformed seller, a stolen collection or fraud? Seller offers a return policy
This seller listed it once before without any mint-marks mentioned in a 3 day auction and it didn't sell:
Earlier 3 day auction that didn't sell
This seller has sold coins in the past, his pictures stink, what do you think?
30K in NGC Morgans for $1500
So do you think it is several typos in the dates, an uninformed seller, a stolen collection or fraud? Seller offers a return policy
This seller listed it once before without any mint-marks mentioned in a 3 day auction and it didn't sell:
Earlier 3 day auction that didn't sell
This seller has sold coins in the past, his pictures stink, what do you think?
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Comments
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>My guess is that the 1884-S is a typo. >>
Wow, I think somebody inherited this set and has no clue. I do not think it is a typo. Look at 1883 S, 1884 S, 2 1885 S's, 2 1888 S's among others. I absolutely would have purchased it with his 7 day return policy. I wonder what else he has for sell??????
<< <i>Many people who aren't familiar with the slabs misinterpret the S$1 "S" (as in Silver Dollar) as a designation of an "S" mintmark. I wouldn't be surprised at all if that is the situation with most/all of the supposed Keys in this set (1883-S, 1884-S, 1896-S, etc.) >>
I thought the same thing in the beginning, but they have dates listed with no mint mark at all which would mean they are not confused. That is why I do not think this is a mistake
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
<< <i>I have no reason to suspect this particular sale, but the first thing that popped into my head was slabbed Chinese counterfeit set. >>
I wouldn't touch them. JMHO.
JT
I collect all 20th century series except gold including those series that ended there.
<< <i>The blow-up photo doesn't show them any better than the one in the listing! I wouldn't touch them. JMHO. >>
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>So, is jmdm1194 the seller or the buyer? Or just a random troll? >>
LoL, sorry I was just playing with the emoticons
Successful Trades: Swampboy,
I can imagine the buyer thinking if he should ask first or pull the trigger before it gets bought.
It looks "too good to be true" unless there's a mistake or something.
RIP Mom- 1932-2012
peacockcoins
Sometimes though it is the other way around.
peacockcoins
<< <i>I think the sale was legit, and the buyer is going ti be very, very pleased. >>
Lance.
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<< <i>My guess is that the 1884-S is a typo. >>
Wow, I think somebody inherited this set and has no clue. I do not think it is a typo. Look at 1883 S, 1884 S, 2 1885 S's, 2 1888 S's among others. I absolutely would have purchased it with his 7 day return policy. I wonder what else he has for sell?????? >>
There is no Santa Claus in numismatics. No one, and I mean no one sells coins that way unless 1) Coin is stolen, 2) Counterfeit, 3) Hijacked Account
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<< <i>My guess is that the 1884-S is a typo. >>
Wow, I think somebody inherited this set and has no clue. I do not think it is a typo. Look at 1883 S, 1884 S, 2 1885 S's, 2 1888 S's among others. I absolutely would have purchased it with his 7 day return policy. I wonder what else he has for sell?????? >>
There is no Santa Claus in numismatics. No one, and I mean no one sells coins that way unless 1) Coin is stolen, 2) Counterfeit, 3) Hijacked Account >>
I have a number of personal experiences that contradict what you're saying.
It seems the OP had an auction close yesterday with the same pics, unsold with no mention of any mintmarks.......
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<< <i>My guess is that the 1884-S is a typo. >>
Wow, I think somebody inherited this set and has no clue. I do not think it is a typo. Look at 1883 S, 1884 S, 2 1885 S's, 2 1888 S's among others. I absolutely would have purchased it with his 7 day return policy. I wonder what else he has for sell?????? >>
There is no Santa Claus in numismatics. No one, and I mean no one sells coins that way unless 1) Coin is stolen, 2) Counterfeit, 3) Hijacked Account >>
I have a number of personal experiences that contradict what you're saying. >>
<< <i>There is no Santa Claus in numismatics. No one, and I mean no one sells coins that way unless 1) Coin is stolen, 2) Counterfeit, 3) Hijacked Account >>
I believe there is a 99% chance that something along those lines is going on with this auction. I guess we'll never find out though...
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<< <i>My guess is that the 1884-S is a typo. >>
Wow, I think somebody inherited this set and has no clue. I do not think it is a typo. Look at 1883 S, 1884 S, 2 1885 S's, 2 1888 S's among others. I absolutely would have purchased it with his 7 day return policy. I wonder what else he has for sell?????? >>
There is no Santa Claus in numismatics. No one, and I mean no one sells coins that way unless 1) Coin is stolen, 2) Counterfeit, 3) Hijacked Account >>
I have a number of personal experiences that contradict what you're saying. >>
Please put my post in context for goodness sakes. I was speaking to somebody with 22 posts whose irrational exuberance has them in over their head. In 5 years he may know better too.
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<< <i>I believe there is a 99% chance that something along those lines is going on with this auction. I guess we'll never find out though... >>
If the winner leaves feedback he can then be contacted. And if so it would be interesting to find out the outcome.
<< <i>It seems the OP had an auction close yesterday with the same pics, unsold with no mention of any mintmarks....... >>
I have nothing to do with this auction except for missing it, and as Captain Obvious posted after thoroughly reading my initial post, I said:
"This seller listed it once before without any mint-marks mentioned in a 3 day auction and it didn't sell"
photos so red flags fly when you see that.
My bad.............I meant to refer to the seller
<< <i>I have a number of personal experiences that contradict what you're saying. >>
Me Too!!!!
<< <i>Please put my post in context for goodness sakes. I was speaking to somebody with 22 posts whose irrational exuberance has them in over their head. In 5 years he may know better too. >>
I find it Funny and yet ignorant that you want to associate my limited postings my new membership status with the PCGS forums with my experience level. I have been doing this for many years now. At any rate, I find many deals on eBay and Yes Santa Claus does exist. It appears that you are the one that needs to learn.
<< <i>My bad.............I meant to refer to the seller >>
No Problem Sumorada, I just didn't want to be linked to any shenanigans. As a side note, I missed these literally by seconds as It was still available while I was browsing the dates. When I spotted the 1884-S about 20 seconds later, the auction ended. With a 7 day return policy, and paypal's SNAD for returns, you are protected.
RIP Mom- 1932-2012
Until the new owner gets the 84-s re-checked for authenticity or sells it for it's listed CDN value, it's not booked. But it does seem odd that the seller was not trying to take advantage of the price of the 84-s. Even the most casual checks on line or a call to the local coin shop would indicate the true value of the coin. A 100-1 shot. And being a "coin dealer" doesn't mean you automatically can detect all fake 84-s and faked TPG holders. I'd imagine anyone who has completed the 5th grade would try to figure out what the NGC MS62/63 meant concerning the value of the coin entombed.
roadrunner
<< <i>I have no reason to suspect this particular sale, but the first thing that popped into my head was slabbed Chinese counterfeit set. >>
That is my initial impression.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
<< <i>Well, the seller got good feedback from the winner, who looks to be a coin dealer. It appears someone hit a home run. >>
Yes Virgina, there is a Santa Claus
There's not a chance on earth that this is a true $30,000 set that someone purchased for $1500.
Either the sale won't go through or they';re Chinese counterfeits.
No way I even consider the 'missed key date' theory.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
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