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A raw 1860-s Seated Quarter just sold for $17K on eBay.
dogwood
Posts: 1,935 ✭✭✭✭
This should be a short discussion, although rather remarkable.
I just wondered if anyone had been watching this one?
It looked to be AU, poor photos, newish dealer...but POW! Sold.
I just wondered if anyone had been watching this one?
It looked to be AU, poor photos, newish dealer...but POW! Sold.
We're all born MS70. I'm about a Fine 15 right now.
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Heritage Auction where it sold for $10,575
Puro's Coins and Jewelry
Rutland, VT
(802)773-3883
Link to my website www.vtcoins.com
Link to my eBay auctions
Buy, sell and trade all coins, US paper money, jewelry, diamonds and anything made of gold, silver or platinum.
I suspect it will be a return or not followed thru
Someone bought it for $10,575 on February 27, 2014 in an NCS problem holder, cracked it out and retoned it. They then sold it for $17,470 on eBay.
Not good.
Puro's Coins and Jewelry
Rutland, VT
(802)773-3883
Link to my website www.vtcoins.com
Link to my eBay auctions
Buy, sell and trade all coins, US paper money, jewelry, diamonds and anything made of gold, silver or platinum.
Interesting. That would be a score for somebody if it grades (AU53?) and would be top pop at PCGS. But judging by the photos, I doubt it would straight grade.
<< <i>I'm sure someone can post side by side photos from the Heritage Auction.
Someone bought it for $10,575 on February 27, 2014 in an NCS problem folder, cracked it out and retoned it. They then sold it for $17,470 on eBay.
Not good. >>
Same coin. Hits line up on the different images.
Remarkable that folks will pay 5 figures on a raw Ebay listing.
I don't have the time to look into more of the listings, but I am guessing there will be more.
1851-O $10 sold on eBay for $1,250 on March 24, 2014
Sold on Heritage $881.25 on March 2, 2014
Puro's Coins and Jewelry
Rutland, VT
(802)773-3883
Link to my website www.vtcoins.com
Link to my eBay auctions
Buy, sell and trade all coins, US paper money, jewelry, diamonds and anything made of gold, silver or platinum.
Beware of this seller and the coins they sell...they were probably all problem coins before they were modified to deceive bidders
<< <i>This is an ebay seller who has had to change their name and get new accounts many times over the past several years.
Beware of this seller and the coins they sell...they were probably all problem coins before they were modified to deceive bidders >>
my first thought.
.
edited to add:
buying "details" coins from ha only to crackout and sell at shows and/or online has been discussed here many times just in during my tenure. a lot of great catches by the folks here certainly pulled the curtain back on that one.
2nd edited to add:
if you are dedicate to the cause, check out how small the selling fee is for the 60-s. some nice savings there.
3rd edited to add:
for the latin guys, isn't this the place where we say, "caveat emptor?"
.
<--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -
Sure looks messed up.
Lance.
OINK
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
<< <i>I'll reiterate the suggestion I made recently. If the TPGS really want to take a proactive position to prevent this kind of chicanery in the market, they need to permanently encase coins like this in a solid block which will prevent removal for the purpose of doctoring as a means to add false value or even promote the possibility of unrealistic market value. And even though someone at sometime in the future might develop a method to remove such a coin from a solid block without imparting obvious damage, I would speculate that it won't happen any time soon. >>
Heck, why not just melt them? Or flip them high in the air, pull out your Colt 45 and fire a bullet through them like in old western?
Coin Rarities Online
Liberty: Parent of Science & Industry
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
Always seems to be from Illinois. Very close to this same crook in This Thread.
Dave
<< <i>So, how much IS the coin worth? certainly not zero, right? >>
Coin sold at Heritage for $10,500 in a genuine holder. If doctored, the coin value would drop from there.
<< <i>I'll reiterate the suggestion I made recently. If the TPGS really want to take a proactive position to prevent this kind of chicanery in the market, they need to permanently encase coins like this in a solid block which will prevent removal for the purpose of doctoring as a means to add false value or even promote the possibility of unrealistic market value. And even though someone at sometime in the future might develop a method to remove such a coin from a solid block without imparting obvious damage, I would speculate that it won't happen any time soon. >>
Destruction of personal property is probably not a new service the TPG's are looking to enter in to.
Latin American Collection
<< <i>I'll reiterate the suggestion I made recently. If the TPGS really want to take a proactive position to prevent this kind of chicanery in the market, they need to permanently encase coins like this in a solid block which will prevent removal for the purpose of doctoring as a means to add false value or even promote the possibility of unrealistic market value. And even though someone at sometime in the future might develop a method to remove such a coin from a solid block without imparting obvious damage, I would speculate that it won't happen any time soon. >>
TPGs make mistakes too. I put some, but not all my faith in their assessments.
Also, I own problem coins. I suspect many of you do too. There's a place for them in the market. They have a value. They are not the problem, rather the deceptive marketing is.
Does the 15% return fee hold up?
Can a buyer still use SNAD and get a full refund?
Because, as rhedden points out, it certainly is "rare".
That was the whole mystery to me initially- what was this coin doing raw on eBay!
I'm actually glad it's been proven to be authentic and have a traceable history.
With only 2 bidders over the $10K level, it seems the last 2 bidders (assuming no shill) didn't want to having the smaller kahunas. I recall where I did something like that once on Ebay for a fresh looking PCGS MS66 saint. It had the "look" of a MS67. And I took another guy up to around 2X MS66 money before I gave in. No one else was even close to our bids. Never found out if he was the "winner" or "loser." I think I ran the guy more out of spite because I had a feeling I was not going to be able to win the coin. So make "em pay I say.
Ebay sellers must love you, roadrunner!
<< <i> I think I ran the guy more out of spite because I had a feeling I was not going to be able to win the coin. So make "em pay I say.
Ebay sellers must love you, roadrunner! >>
They haven't loved me since 2008. That's the last time I've bid on any Ebay coins. One seller "loved" me so much that they kept my money and didn't even send a coin. No more Ebay. I left it to the crooks and shills.