Culls with only photos of the good side are borderline but I can see why some might call it misrepresentation.
Hardly borderline---purposeful deception and definite misrepresentation. There were also some key date coins in the photos that did not arrive. If they would have had the buyer protection that they have now i would not be out anything. I admit I stretched the bid a bit, but then like i said earlier, I knew it was a gamble--but then so is the stock market. Anyways it is water over the dam-I am not going to dwell on it any longer.
Thanks for sharing the experience rec78... back in the days before buyers protection buying on ebay was more of a gamble on how they would turn out. I had a few bad deals myself where items were not delivered, and no recourse to follow. Back in those days, one could get a fantastic deal... or get ripped off.
In my younger days I bought a raw 1886-O Morgan from a dealer who claimed (and priced it at) it was MS63. It graded 62 and I lost have the value. That's when I learned to just buy graded coins.
MLAeBayNumismatics: "The greatest hobby in the world!"
I began collecting after buying a 1999-S prof set at a country auction for practically nothing, and making some good dough when I sold it on eBay. This was in about 2002, and I knew next to nothing about coins. I got so excited at the apparent ease of it, that I immediately bought a large lot on eBay loaded with coins, some decent but many in NTC holders. The seller of course put the value way up there. The worst piece was a 1986 ASE in MS70, which the seller, referencing the PCGS price guide, announced as being worth a small fortune. I bought for peanuts, but must have lost close to a grand after it all shook out. I learned quickly after that. Greed is not good. PCGS still lists 1986 ASEs in MS70 as being worth $21,500. No one has ever explained to me how they came up with that. I'll bet there are a lot of rookies who have been exploited badly on those. It has to be the most poorly priced coin in numismatics.
"PCGS still lists 1986 ASEs in MS70 as being worth $21,500. No one has ever explained to me how they came up with that."
Heritage recently sold a coin at that level that appeared from the scans less than perfect (to me at least). So, PCGS was comfortable moving up the Price Guide for a flawless example to that same level. If I am not mistaken, the price in the guide was around $4,000 or so prior to that Heritage auction. And, yes, I'll take (2) R-7+ pattern coins for my $21,000 and pass on the silver eagle worth less than $100 in the undergrade.
Just my 2 cents.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Comments
Hardly borderline---purposeful deception and definite misrepresentation. There were also some key date coins in the photos that did not arrive. If they would have had the buyer protection that they have now i would not be out anything. I admit I stretched the bid a bit, but then like i said earlier, I knew it was a gamble--but then so is the stock market. Anyways it is water over the dam-I am not going to dwell on it any longer.
``https://ebay.us/m/KxolR5
1907-D $10 PF-62
private treaty 2010 $500,000
Heritage sale 2013 $188,000
<< <i>whoever buys this:
worse buy >>
:
PCGS still lists 1986 ASEs in MS70 as being worth $21,500. No one has ever explained to me how they came up with that. I'll bet there are a lot of rookies who have been exploited badly on those. It has to be the most poorly priced coin in numismatics.
Heritage recently sold a coin at that level that appeared from the scans less than perfect (to me at least). So, PCGS was comfortable moving up the Price Guide for a flawless example to that same level. If I am not mistaken, the price in the guide was around $4,000 or so prior to that Heritage auction. And, yes, I'll take (2) R-7+ pattern coins for my $21,000 and pass on the silver eagle worth less than $100 in the undergrade.
Just my 2 cents.
Wondercoin