Unofficial Venting Thread for Collectors and Dealers.

TwoSides2aCoin

Post your miserable experiences in coins this week.

braddick

This week?
None for me, but this should make for a fun thread.

Swampboy

I did not get to buy any and I'm steamed!!

coinsarefun

I'm pissed cause my $100 ASE did not bring me $50,000 on eBay

CoinZip

Elcontador

It has come to my attention in the last several years that a disturbing number of bidders in coin auction venues in which I participate, seem to get some sort of physic enjoyment of placing a winning bid on a lot, irrespective of whether or not such bid makes economic sense - like the guy who paid $32,000 for an 1852 Large Cent in a PC 5 RD holder.

If I win more than one coin in a year, and I participate in a good fifteen auctions or so, it's an anomaly.

Bayard1908

Bought what was listed as a 1951 proof set on eBay. I was shipped business strike coins, worth a fraction of what I paid.

LindeDad

How many of them were Genuine?

Wabbit2313

Went to a dealer during my travels. After looking over some nicer slabbed Morgans, pull out an 1890-O PCGS 65 and ask him what he will give in trade. Tosses it on the counter and says they go for about $112.00. I say, WHAT? How about 2 grand! Grabs it back and says, oh, it's the "O" mint mark, I thought it was Philadelphia. I can't sell that high end stuff around here.

How dumb of a statement was that?

magikbilly

I found some material i want strongly and most my almost always successful email to the seller was turned down.


Eric

segoja

How can you have a miserable experience in coins?

they're supposed to be fun and games

morgansforever

I can never win a dang Ebay auction. I'm always outbid by the next increment, WTH! I'll be winning it till the last second, then bam, that's when all the action takes place.

BustHalfBrian

Had an R6+ 'picked from right under my nose...

1tommy

<< <i>How can you have a miserable experience in coins?

they're supposed to be fun and games >>

I cherrypicked a coin in my Series that will surpass any coin I have done before.. I also picked up a upgrade for my Registry Set only to find out after looking up the cert number it shows....Last sold Bullet sale at heritage fun 2003 and This untoned Superb Gem is smooth from rim to rim. A well contrasted specimen striking of the type.
From the Collection of Colonel Carmine Penta. ( Its been a amazing week and now more research is needed. We all create are own luck. I am Happy Happy Happy. Enjoy

Jinx86

I had to tell a friend (coin dealer A) that I wasn't going to work for him. Instead working across town for another dealer (B). B has better pay, benefits, more professional environment...

It was hard to let down a friend, but I think it would have been harder to work for a friend.

Oh I start work on the 15th....excited.

TireKicker

Turn this into a venting thread that goes back indefinitely and it should get real interesting.....

Kove

The title says this is just the "unofficial" venting thread. I'm holding out for the official one....

TwoSides2aCoin

you fellas vent a lot nicer than me.

BillJones

I bid on a lot via the Internet and then watch the auction live via one of those Internet connections. I watch that lot get hammered down at price well under my bid. I stay on the Internet for several more lots to make sure that the acutioneer does not reopen the lot to the floor, which she does not. I check the site and note that the piece sold for the hammer price. The next day the auction price is $2,500 higher.

I call up the auction company find out what happened. They say that they "missed" a snail mail bid. Since I wanted the lot I went with it, but old saying is "Fool me once, shame on you. Fool me twice, shame on me."

Walkerguy21D

The good far outweighed the bad, but I did get ticked at the central FL show on Fri....I located a couple common late date walkers (39P and 44D) in the XF/XF+ grade my customer wants, in a dealer's junk binder. Knowing these are 'bullion' coins, but being respectful of the prices the dealer had marked, I offered $35 for the pair. The dealer, whom I've spent money with on multiple occasions, acted insulted, said I could have them for $40, and then turned away from me (with no one else at his table). I felt like just leaving them out on his case and making a snide remark, but kept my mouth shut, and carefully put them back into the right places in the binder and went on my way.

Barndog

<< <i>Had an R6+ 'picked from right under my nose... >>



a bust half? Say it ain't so!

RYK

This thread sucks.

BillJones

<< <i>The good far outweighed the bad, but I did get ticked at the central FL show on Fri....I located a couple common late date walkers (39P and 44D) in the XF/XF+ grade my customer wants, in a dealer's junk binder. Knowing these are 'bullion' coins, but being respectful of the prices the dealer had marked, I offered $35 for the pair. The dealer, whom I've spent money with on multiple occasions, acted insulted, said I could have them for $40, and then turned away from me (with no one else at his table). I felt like just leaving them out on his case and making a snide remark, but kept my mouth shut, and carefully put them back into the right places in the binder and went on my way. >>



It does seem odd. Gray Sheet bid/ask on the pair is only $29/$32 so $35 seems more than fair.

Type2

I did this the other day so all out of vent for now till next week.

daOnlyBG

I got offered $30 for my 1921 Peace dollar in a PCGS AU58 holder (with plenty of luster on it). When I kindly told the prospective buyer that it was worth more than $30, he called me a "lying cheat who wants to rip people off." I don't let one person's comments bother me, but it scares me that this guy might go around saying senseless things. I wonder how some of you guys handle situations like these.

ColonelJessup

This thread has been active for close to 24 hours. I'm shocked we haven't seen

100

yet

ricko

<< <i>I wonder how some of you guys handle situations like these. >>



Did you show him greysheet or other data? Cheers, RickO

Kyle

Great Thread, it's an interesting read.

Nothing for me this week though.

coindeuce

<< <i>I had to tell a friend (coin dealer A) that I wasn't going to work for him. Instead working across town for another dealer (B). B has better pay, benefits, more professional environment...

It was hard to let down a friend, but I think it would have been harder to work for a friend.

Oh I start work on the 15th....excited. >>



Appears that you made a difficult, but wise decision. Stay grounded, and grow a thick skin. You'll need this.

For moi - 0/2 at the bean garden.

coindeuce

<< <i>I got offered $30 for my 1921 Peace dollar in a PCGS AU58 holder (with plenty of luster on it). When I kindly told the prospective buyer that it was worth more than $30, he called me a "lying cheat who wants to rip people off." I don't let one person's comments bother me, but it scares me that this guy might go around saying senseless things. I wonder how some of you guys handle situations like these. >>



Very easy solution. Tell that prospective buyer to bring you all of the 1921 Peace Dollars in PCGS AU-58 that they can buy for $30, because you'll pay them triple that in cash. If that doesn't shut them up or give them a blush, then you've got a certifiable nut job on your hands.

Tookybandit

<< <i>

<< <i>I got offered $30 for my 1921 Peace dollar in a PCGS AU58 holder (with plenty of luster on it). When I kindly told the prospective buyer that it was worth more than $30, he called me a "lying cheat who wants to rip people off." I don't let one person's comments bother me, but it scares me that this guy might go around saying senseless things. I wonder how some of you guys handle situations like these. >>



Very easy solution. Tell that prospective buyer to bring you all of the 1921 Peace Dollars in PCGS AU-58 that they can buy for $30, because you'll pay them triple that in cash. If that doesn't shut them up or give them a blush, then you've got a certifiable nut job on your hands. >>

Kyle

Hopefully this thread will get going again.

A few coins never showed up, that were purchased about a month ago.

AnkurJ

Nothing to complain about.

coindeuce

It doesn't help Stack's-Bowers to continue refusing to establish a searchable auction archive retroactive to the original Stack's Auctions that is at least as useful/functional as the existing Heritage archive search function.

Pokermandude

Here are two firsts for me, both recent:

1) After telling someone that their coins weren't worth any more than face value, I was asked "what is face value?"...
2) Got my first Paypal scam/spoof where they "pay" above my asking price then tell me to Western Union them the surplus before shipping. Ol' Matt didn't fall off the turnip truck yesterday!

ColonelJessup

<< <i>The good far outweighed the bad, but I did get ticked at the central FL show on Fri....I located a couple common late date walkers (39P and 44D) in the XF/XF+ grade my customer wants, in a dealer's junk binder. Knowing these are 'bullion' coins, but being respectful of the prices the dealer had marked, I offered $35 for the pair. The dealer, whom I've spent money with on multiple occasions, acted insulted, said I could have them for $40, and then turned away from me (with no one else at his table). I felt like just leaving them out on his case and making a snide remark, but kept my mouth shut, and carefully put them back into the right places in the binder and went on my way. >>



Patience like that is what makes you an Expert Collector

Jinx86

No matter how many times I state it on my ebay listings I DO NOT SHIP INTERNATIONALLY! Unless your a friend of a friend and willing to pay for it.

RYK

This thread still sucks.

amwldcoin

My only vent is people that don't shoot straight! Had an experience here due to that. The truth is all that should be posted!

Elcontador

I saw yet another example of a coin with natural surfaces that was dipped, made more white, put in a holder with added marketing accoutrements, and is selling for far more than the original coin sold for 2 1/2 months ago. I wonder how many unmolested type coins will be left?

halfhunter

Finally found what looks to be an original roll on e-Bay only to try & be frugal and ended up being the under bidder ! ! !

Still kicking myself for not over paying for THIS ONE :



HH

PerryHall

<< <i>I saw yet another example of a coin with natural surfaces that was dipped, made more white, put in a holder with added marketing accoutrements, and is selling for far more than the original coin sold for 2 1/2 months ago. I wonder how many unmolested type coins will be left? >>


I would have to see the before and after pics before making a judgment. Some coins with so called "natural surfaces" have ugly toning which make them unsalable and benefit from a proper dip while other coins can be ruined and degraded from dipping.

ricko

Halfhunter...that roll had been opened and searched... could clearly see that... likely you did not miss anything...Cheers, RickO

1tommy

I dislike the Post Office.......I bought a 550.00 coin from a California Dealer OCT 7th they shipped it out on the 9th Registered Mail. On monday I contacted the dealer and told them no coin, I get this email yesterday from them saying..........Hi Tom, we have contacted the San Diego post office that handled your package. The plane carrying the container of packages made it to O’Hare but has been misplaced. The postal service is working diligently on this situation. They should be contacting us tomorrow to update us on what is going on. So sorry for the inconvenience............1 Year ago 2 of my coins were stolen by a Anaheim Postal Clerk.......IS He in Jail? Last I heard they still have not returned the Coins they did recover...I really dislike the post office. Enjoy

Staircoins

<< <i>... The plane carrying the container of packages made it to O’Hare but has been misplaced. ..
>>


Hopefully they find their plane soon.

Tallpaul000

Im pissed off that I dont have more money to spend on coins and collectibles in general. Filling up the shopping cart only goes so far....

poorguy

Went to a very small show near New Orleans a few months ago and brought some of the toned Morgans I now have on the site. I did not expect to sell them there as most of the dealers were real small time. I had not seen any set up at larger shows so I decided to play a game. I looked for the few that had "toned" Morgans in their stock. Then I showed them mine and asked what they would pay for them saying up front that color coins are not really book value coins which most nodded in acceptance while thumbing hastily through a greysheet, at which I chuckled a little inside. One "dealer" took his time and told me they were pretty but not nice enough for him (keep in mind some of these were $3000+ color coins) and he offered me about 50% over greysheet all the while saying he doesn't really believe toning should add to the price. To which I respectfully declined. Then came the fun part. I picked out his "best" toner, an 1887 in pcgs 64 which had dusty pastel shades of muted orange and lavendar, which had a moderate haziness to it. Probably a $75 toner at the very best retail. I looked it over and asked how much for it and he said $450. Gathering all my aplomb, I handed it back to him, looked him in the eye, asked him why it was that expensive, and he said, "because it has nice toning." in direct contradiction of his toning shouldnt add value to the coin speech while looking over mine. I responded by saying "So you have no problem asking more for toned coins but refuse to pay up for toning when it is offered to you?" He stared blankly back at me, turned around, and I knew he knew I knew (whew) he was a shady rip off dealer. Hah. Burn.

I ended up buying a cool scallop fossil about the size of my hand there, the missing clad toned Mississippi quarter, pci toned proof washington quarter both on my site, and that was about it.

mariner67

<< <i>Halfhunter...that roll had been opened and searched... could clearly see that... likely you did not miss anything...Cheers, RickO >>

PerryHall

<< <i>Went to a very small show near New Orleans a few months ago and brought some of the toned Morgans I now have on the site. I did not expect to sell them there as most of the dealers were real small time. I had not seen any set up at larger shows so I decided to play a game. I looked for the few that had "toned" Morgans in their stock. Then I showed them mine and asked what they would pay for them saying up front that color coins are not really book value coins which most nodded in acceptance while thumbing hastily through a greysheet, at which I chuckled a little inside. One "dealer" took his time and told me they were pretty but not nice enough for him (keep in mind some of these were $3000+ color coins) and he offered me about 50% over greysheet all the while saying he doesn't really believe toning should add to the price. To which I respectfully declined. Then came the fun part. I picked out his "best" toner, an 1887 in pcgs 64 which had dusty pastel shades of muted orange and lavendar, which had a moderate haziness to it. Probably a $75 toner at the very best retail. I looked it over and asked how much for it and he said $450. Gathering all my aplomb, I handed it back to him, looked him in the eye, asked him why it was that expensive, and he said, "because it has nice toning." in direct contradiction of his toning shouldnt add value to the coin speech while looking over mine. I responded by saying "So you have no problem asking more for toned coins but refuse to pay up for toning when it is offered to you?" He stared blankly back at me, turned around, and I knew he knew I knew (whew) he was a shady rip off dealer. Hah. Burn.

I ended up buying a cool scallop fossil about the size of my hand there, the missing clad toned Mississippi quarter, pci toned proof washington quarter both on my site, and that was about it. >>



"Why coin collectors drink."

UtahCoin

<< <i>Bought what was listed as a 1951 proof set on eBay. I was shipped business strike coins, worth a fraction of what I paid. >>



And the seller would be...?

roadrunner

<< <i>Went to a dealer during my travels. After looking over some nicer slabbed Morgans, pull out an 1890-O PCGS 65 and ask him what he will give in trade. Tosses it on the counter and says they go for about $112.00. I say, WHAT? How about 2 grand! Grabs it back and says, oh, it's the "O" mint mark, I thought it was Philadelphia. I can't sell that high end stuff around here.

How dumb of a statement was that? >>




Even the Philly coin sells for a lot of money. Any Morgan dated 1890 in MS65 is worth big bucks. This guy sounds like a maroon. $112? I see commons selling for around $150 this week which suggests most
honest dealers are paying a lot more than $112 in CASH for gem generic Morgans. Good story.

I don't have any stories for this year as I haven't bought a single coin in 2013. Did have a dealer friend of mine sell some coins for me a few weeks ago at Bay State and did better than I expected as far as volume of coins
sold. Interesting that those coins were easier to sell there yet at the January FUN show there was essentially no interest.