@Realone said:
Great Collections photos don't necessarily show reality. They contain no written description on the coins condition other than saying if they believe the coin is toned. You cannot view the coin in hand unless you set it up way in advance to have the coin sent to you for inspection. They have a no returns policy.
I believe GC does have a return policy.
If GC were to provide descriptions they probably would be forced to increase the BP. I think most of us would prefer low BP’s instead of descriptions.
GC does allow you to view coins with an appointment.
On all non-bullion items, GreatCollections offers a generous return policy (unless otherwise marked on the item information page) as a courtesy to Buyers, providing the item is paid for within seven days of the auction date (or in the case of a Buy Now item, when you confirmed to purchase the item) and no request to delay shipment is made by Buyer. Certified coins/banknotes must be in the original sealed grading service holders. To return an item, the Buyer must notify GreatCollections within 24 hours of receipt and receive a return confirmation number. Please mail the coin or banknote via Insured Mail to GreatCollections within 72 hours of receipt of coin. Original and return shipping costs are not refunded. Returns will not be accepted without the return confirmation number. Registered bidders are allowed one free return each month. For more than one return in a calendar month, a 5% fee will apply, based on the total purchase price of the item. Clients found to be abusing our return policy will be notified in writing that they will no longer have any return policy privileges whatsoever. If you viewed the item prior to winning the auction or offered the coin for sale to any dealer, collector and/or marketplace, there is no return privilege.
@Realone said:
Great Collections photos don't necessarily show reality. They contain no written description on the coins condition other than saying if they believe the coin is toned. You cannot view the coin in hand unless you set it up way in advance to have the coin sent to you for inspection. They have a no returns policy.
I believe GC does have a return policy.
If GC were to provide descriptions they probably would be forced to increase the BP. I think most of us would prefer low BP’s instead of descriptions.
GC does allow you to view coins with an appointment.
@Justacommeman said:
I was going to jump on this right away but I bit my tongue. I hate the coin. Some people will dismiss this or it will rub people the wrong way.
1) there is a reason this isn’t stickered
2) there is a reason why it’s in that slab
3) it’s the opposite of a CRO coin. Someone had to say it ; )
You have to remember that all auction sites are littered with problem coins sort of like landmines. The seller is trying to make their problem your problem. GC is great for a lot of things and reasons but when you are relying on buying off of those types of images Only it’s a crapshoot if you don’t dig in. It’s a discount auction site so you give up some things.
Do your due diligence
m
Irrespective of the coin, is "discount auction site" the right evaluation criteria of GC here, or is this really an issue with all auction sites?
For example, would Heritage or Stack's would reject this coin?
People have even taken issue with the following Legend Auctions headline PCGS CAC coin:
On all non-bullion items, GreatCollections offers a generous return policy (unless otherwise marked on the item information page) as a courtesy to Buyers, providing the item is paid for within seven days of the auction date (or in the case of a Buy Now item, when you confirmed to purchase the item) and no request to delay shipment is made by Buyer. Certified coins/banknotes must be in the original sealed grading service holders. To return an item, the Buyer must notify GreatCollections within 24 hours of receipt and receive a return confirmation number. Please mail the coin or banknote via Insured Mail to GreatCollections within 72 hours of receipt of coin. Original and return shipping costs are not refunded. Returns will not be accepted without the return confirmation number. Registered bidders are allowed one free return each month. For more than one return in a calendar month, a 5% fee will apply, based on the total purchase price of the item. Clients found to be abusing our return policy will be notified in writing that they will no longer have any return policy privileges whatsoever. If you viewed the item prior to winning the auction or offered the coin for sale to any dealer, collector and/or marketplace, there is no return privilege.
That sounds like a great policy, and much more than other auction sites.
@Justacommeman said:
I was going to jump on this right away but I bit my tongue. I hate the coin. Some people will dismiss this or it will rub people the wrong way.
1) there is a reason this isn’t stickered
2) there is a reason why it’s in that slab
3) it’s the opposite of a CRO coin. Someone had to say it ; )
You have to remember that all auction sites are littered with problem coins sort of like landmines. The seller is trying to make their problem your problem. GC is great for a lot of things and reasons but when you are relying on buying off of those types of images Only it’s a crapshoot if you don’t dig in. It’s a discount auction site so you give up some things.
Do your due diligence
m
Irrespective of the coin, is "discount auction site" the right evaluation criteria of GC here, or is this really an issue with all auction sites?
For example, would Heritage or Stack's would reject this coin?
People have even taken issue with the following Legend Auctions headline PCGS CAC coin:
Heritage or Stack's would not reject the coin, but they would probably describe it if there are issues. [Which we can't be sure there are.]
@Justacommeman said:
I was going to jump on this right away but I bit my tongue. I hate the coin. Some people will dismiss this or it will rub people the wrong way.
1) there is a reason this isn’t stickered
2) there is a reason why it’s in that slab
3) it’s the opposite of a CRO coin. Someone had to say it ; )
You have to remember that all auction sites are littered with problem coins sort of like landmines. The seller is trying to make their problem your problem. GC is great for a lot of things and reasons but when you are relying on buying off of those types of images Only it’s a crapshoot if you don’t dig in. It’s a discount auction site so you give up some things.
Do your due diligence
m
Irrespective of the coin, is "discount auction site" the right evaluation criteria of GC here, or is this really an issue with all auction sites?
For example, would Heritage or Stack's would reject this coin?
People have even taken issue with the following Legend Auctions headline PCGS CAC coin:
Heritage or Stack's would not reject the coin, but they would probably describe it if there are issues. [Which we can't be sure there are.]
Would they say “puttied and likely hairlined if conserved” or would they say “ slight opaqueness over highly lustrous surfaces. Very rare in this state of preservation.
@Justacommeman said:
I was going to jump on this right away but I bit my tongue. I hate the coin. Some people will dismiss this or it will rub people the wrong way.
1) there is a reason this isn’t stickered
2) there is a reason why it’s in that slab
3) it’s the opposite of a CRO coin. Someone had to say it ; )
You have to remember that all auction sites are littered with problem coins sort of like landmines. The seller is trying to make their problem your problem. GC is great for a lot of things and reasons but when you are relying on buying off of those types of images Only it’s a crapshoot if you don’t dig in. It’s a discount auction site so you give up some things.
Do your due diligence
m
Irrespective of the coin, is "discount auction site" the right evaluation criteria of GC here, or is this really an issue with all auction sites?
For example, would Heritage or Stack's would reject this coin?
People have even taken issue with the following Legend Auctions headline PCGS CAC coin:
Heritage or Stack's would not reject the coin, but they would probably describe it if there are issues. [Which we can't be sure there are.]
This is conjecture on my part, but if either of those auction houses were fairly certain the coin had been puttied, I believe they would likely refuse to auction it.
@Justacommeman said:
I was going to jump on this right away but I bit my tongue. I hate the coin. Some people will dismiss this or it will rub people the wrong way.
1) there is a reason this isn’t stickered
2) there is a reason why it’s in that slab
3) it’s the opposite of a CRO coin. Someone had to say it ; )
You have to remember that all auction sites are littered with problem coins sort of like landmines. The seller is trying to make their problem your problem. GC is great for a lot of things and reasons but when you are relying on buying off of those types of images Only it’s a crapshoot if you don’t dig in. It’s a discount auction site so you give up some things.
Do your due diligence
m
Irrespective of the coin, is "discount auction site" the right evaluation criteria of GC here, or is this really an issue with all auction sites?
For example, would Heritage or Stack's would reject this coin?
People have even taken issue with the following Legend Auctions headline PCGS CAC coin:
Heritage or Stack's would not reject the coin, but they would probably describe it if there are issues. [Which we can't be sure there are.]
This is conjecture on my part, but if either of those auction houses were fairly certain the coin had been puttied, I believe they would likely refuse to auction it.
I respectfully disagree. There are problem coins in every auction which are never noted as such.
@Justacommeman said:
I was going to jump on this right away but I bit my tongue. I hate the coin. Some people will dismiss this or it will rub people the wrong way.
1) there is a reason this isn’t stickered
2) there is a reason why it’s in that slab
3) it’s the opposite of a CRO coin. Someone had to say it ; )
You have to remember that all auction sites are littered with problem coins sort of like landmines. The seller is trying to make their problem your problem. GC is great for a lot of things and reasons but when you are relying on buying off of those types of images Only it’s a crapshoot if you don’t dig in. It’s a discount auction site so you give up some things.
Do your due diligence
m
Irrespective of the coin, is "discount auction site" the right evaluation criteria of GC here, or is this really an issue with all auction sites?
For example, would Heritage or Stack's would reject this coin?
People have even taken issue with the following Legend Auctions headline PCGS CAC coin:
Heritage or Stack's would not reject the coin, but they would probably describe it if there are issues. [Which we can't be sure there are.]
This is conjecture on my part, but if either of those auction houses were fairly certain the coin had been puttied, I believe they would likely refuse to auction it.
I don't know about Heritage. But I've seen some gold at Stack's that looked puttied to me. They do sell the occasional problem coin at both places. But they usually mention it.
On all non-bullion items, GreatCollections offers a generous return policy (unless otherwise marked on the item information page) as a courtesy to Buyers, providing the item is paid for within seven days of the auction date (or in the case of a Buy Now item, when you confirmed to purchase the item) and no request to delay shipment is made by Buyer. Certified coins/banknotes must be in the original sealed grading service holders. To return an item, the Buyer must notify GreatCollections within 24 hours of receipt and receive a return confirmation number. Please mail the coin or banknote via Insured Mail to GreatCollections within 72 hours of receipt of coin. Original and return shipping costs are not refunded. Returns will not be accepted without the return confirmation number. Registered bidders are allowed one free return each month. For more than one return in a calendar month, a 5% fee will apply, based on the total purchase price of the item. Clients found to be abusing our return policy will be notified in writing that they will no longer have any return policy privileges whatsoever. If you viewed the item prior to winning the auction or offered the coin for sale to any dealer, collector and/or marketplace, there is no return privilege.
That sounds like a great policy, and much more than other auction sites.
Not true, they did not allow me to return a coin I won.
Strange, that policy seems to indicate returns are allowed.
On all non-bullion items, GreatCollections offers a generous return policy (unless otherwise marked on the item information page) as a courtesy to Buyers, providing the item is paid for within seven days of the auction date (or in the case of a Buy Now item, when you confirmed to purchase the item) and no request to delay shipment is made by Buyer. Certified coins/banknotes must be in the original sealed grading service holders. To return an item, the Buyer must notify GreatCollections within 24 hours of receipt and receive a return confirmation number. Please mail the coin or banknote via Insured Mail to GreatCollections within 72 hours of receipt of coin. Original and return shipping costs are not refunded. Returns will not be accepted without the return confirmation number. Registered bidders are allowed one free return each month. For more than one return in a calendar month, a 5% fee will apply, based on the total purchase price of the item. Clients found to be abusing our return policy will be notified in writing that they will no longer have any return policy privileges whatsoever. If you viewed the item prior to winning the auction or offered the coin for sale to any dealer, collector and/or marketplace, there is no return privilege.
That sounds like a great policy, and much more than other auction sites.
Not true, they did not allow me to return a coin I won.
Strange, that policy seems to indicate returns are allowed.
On all non-bullion items, GreatCollections offers a generous return policy (unless otherwise marked on the item information page) as a courtesy to Buyers, providing the item is paid for within seven days of the auction date (or in the case of a Buy Now item, when you confirmed to purchase the item) and no request to delay shipment is made by Buyer. Certified coins/banknotes must be in the original sealed grading service holders. To return an item, the Buyer must notify GreatCollections within 24 hours of receipt and receive a return confirmation number. Please mail the coin or banknote via Insured Mail to GreatCollections within 72 hours of receipt of coin. Original and return shipping costs are not refunded. Returns will not be accepted without the return confirmation number. Registered bidders are allowed one free return each month. For more than one return in a calendar month, a 5% fee will apply, based on the total purchase price of the item. Clients found to be abusing our return policy will be notified in writing that they will no longer have any return policy privileges whatsoever. If you viewed the item prior to winning the auction or offered the coin for sale to any dealer, collector and/or marketplace, there is no return privilege.
That sounds like a great policy, and much more than other auction sites.
Not true, they did not allow me to return a coin I won.
Strange, that policy seems to indicate returns are allowed.
On all non-bullion items, GreatCollections offers a generous return policy (unless otherwise marked on the item information page) as a courtesy to Buyers, providing the item is paid for within seven days of the auction date (or in the case of a Buy Now item, when you confirmed to purchase the item) and no request to delay shipment is made by Buyer. Certified coins/banknotes must be in the original sealed grading service holders. To return an item, the Buyer must notify GreatCollections within 24 hours of receipt and receive a return confirmation number. Please mail the coin or banknote via Insured Mail to GreatCollections within 72 hours of receipt of coin. Original and return shipping costs are not refunded. Returns will not be accepted without the return confirmation number. Registered bidders are allowed one free return each month. For more than one return in a calendar month, a 5% fee will apply, based on the total purchase price of the item. Clients found to be abusing our return policy will be notified in writing that they will no longer have any return policy privileges whatsoever. If you viewed the item prior to winning the auction or offered the coin for sale to any dealer, collector and/or marketplace, there is no return privilege.
That sounds like a great policy, and much more than other auction sites.
Not true, they did not allow me to return a coin I won.
Strange, that policy seems to indicate returns are allowed.
Yes, we do have a return policy. If we do not allow a return, it's because it did not qualify for the return (as noted in our policy) - ie. paid within a set time, notified us within 24 hours of receipt etc.
We've probably banned 10 people over the past 10 years for abusing our return policy - I don't believe anyone on these forums.
The reason why we have a return policy (it's rare in the auction business), is that we stand behind what we do - and we have always focused on accurately imaging the coins. If the image doesn't look like the coin, buyers would not be happy - it's why so many people stop buying on eBay.
I've been meaning to post about the 1858-S, but had a serious (for me) tooth issue that put me out of action for 4-5 days. There is a massive difference between PCGS and NGC for this coin, and CAC (for either PCGS/NGC) would be a whole other level of pricing. It exceeded my pre-auction estimate by $400, but it's the kind of coin that could certainly have brought more. I see a PCGS example in the same grade sold for $8500 hammer ($10,200 with their 20%) in January. Our particular NGC coin was sold by a dealer in the midwest for $7500 earlier this year (February/March).
On all non-bullion items, GreatCollections offers a generous return policy (unless otherwise marked on the item information page) as a courtesy to Buyers, providing the item is paid for within seven days of the auction date (or in the case of a Buy Now item, when you confirmed to purchase the item) and no request to delay shipment is made by Buyer. Certified coins/banknotes must be in the original sealed grading service holders. To return an item, the Buyer must notify GreatCollections within 24 hours of receipt and receive a return confirmation number. Please mail the coin or banknote via Insured Mail to GreatCollections within 72 hours of receipt of coin. Original and return shipping costs are not refunded. Returns will not be accepted without the return confirmation number. Registered bidders are allowed one free return each month. For more than one return in a calendar month, a 5% fee will apply, based on the total purchase price of the item. Clients found to be abusing our return policy will be notified in writing that they will no longer have any return policy privileges whatsoever. If you viewed the item prior to winning the auction or offered the coin for sale to any dealer, collector and/or marketplace, there is no return privilege.
That sounds like a great policy, and much more than other auction sites.
Not true, they did not allow me to return a coin I won.
Strange, that policy seems to indicate returns are allowed.
Yes, we do have a return policy. If we do not allow a return, it's because it did not qualify for the return (as noted in our policy) - ie. paid within a set time, notified us within 24 hours of receipt etc.
We've probably banned 10 people over the past 10 years for abusing our return policy - I don't believe anyone on these forums.
The reason why we have a return policy (it's rare in the auction business), is that we stand behind what we do - and we have always focused on accurately imaging the coins. If the image doesn't look like the coin, buyers would not be happy - it's why so many people stop buying on eBay.
I've been meaning to post about the 1858-S, but had a serious (for me) tooth issue that put me out of action for 4-5 days. There is a massive difference between PCGS and NGC for this coin, and CAC (for either PCGS/NGC) would be a whole other level of pricing. It exceeded my pre-auction estimate by $400, but it's the kind of coin that could certainly have brought more. I see a PCGS example in the same grade sold for $8500 hammer ($10,200 with their 20%) in January. Our particular NGC coin was sold by a dealer in the midwest for $7500 earlier this year (February/March).
@Realone said:
I won a coin while on vacation
I contacted them that I will pay in a few days upon returning
I picked up coin when returned and saw it had obvious cleaning even though holder didn't say so
I called to return it and said that I am not allowed to because it waited too long, even though I contacted them a moment after winning it to inform that I was out of town and will return within a week
I have never bought from them again, prior to that I liked them and never returned anything or even wanted to return anything
Truly disappointed with their inconsistent policy, since they never warned me that my delay would void any return policy /:
Per their return policy if you paid for the coin within 7 days of winning it and notified them within 24 hours of receiving it you should have been able to return it.
The problem with your timeline is the consignor had probably already been paid....hence the 24 hour requirement you notify of a return.
@Realone said:
I won a coin while on vacation
I contacted them that I will pay in a few days upon returning
I picked up coin when returned and saw it had obvious cleaning even though holder didn't say so
I called to return it and said that I am not allowed to because it waited too long, even though I contacted them a moment after winning it to inform that I was out of town and will return within a week
I have never bought from them again, prior to that I liked them and never returned anything or even wanted to return anything
Truly disappointed with their inconsistent policy, since they never warned me that my delay would void any return policy /:
@Realone said:
I won a coin while on vacation
I contacted them that I will pay in a few days upon returning
I picked up coin when returned and saw it had obvious cleaning even though holder didn't say so
I called to return it and said that I am not allowed to because it waited too long, even though I contacted them a moment after winning it to inform that I was out of town and will return within a week
I have never bought from them again, prior to that I liked them and never returned anything or even wanted to return anything
Truly disappointed with their inconsistent policy, since they never warned me that my delay would void any return policy /:
So you expected an exception to the return policy. Did you explicitly ask them for this, and did they explicitly grant the exception, only to later go back on their word?
Seems this is what you are insinuating, but I doubt that’s what happened.
@Realone said:
I won a coin while on vacation
I contacted them that I will pay in a few days upon returning
I picked up coin when returned and saw it had obvious cleaning even though holder didn't say so
I called to return it and said that I am not allowed to because it waited too long, even though I contacted them a moment after winning it to inform that I was out of town and will return within a week
I have never bought from them again, prior to that I liked them and never returned anything or even wanted to return anything
Truly disappointed with their inconsistent policy, since they never warned me that my delay would void any return policy /:
So you expected an exception to the return policy. Did you explicitly ask them for this, and did they explicitly grant the exception, only to later go back on their word?
Seems this is what you are insinuating, but I doubt that’s what happened.
Absolutely, I called after I won it for the exception of paying it within 7 days, since I was traveling. I spoke to a lady, I did not speak with Ian. I didn't think twice that I would have a problem since I called to confirm.
Calling them to give a heads up about payment timeframe is not the same as being explicitly granted an exception to return policy. You're smart enough to know that.
Either way, the classy thing to to do here is to take it up offline with GC instead of dragging their name through the mud in a public forum. I'm going to take a wild guess that based on what you've said here, they aren't missing your business.
Based on a ton of feedback on this forum, Ian and GC have been nothing but consistently helpful, often going out of their way to provide the best customer service in the business. Maybe the issue isn't with them?
@Realone said:
I won a coin while on vacation
I contacted them that I will pay in a few days upon returning
I picked up coin when returned and saw it had obvious cleaning even though holder didn't say so
I called to return it and said that I am not allowed to because it waited too long, even though I contacted them a moment after winning it to inform that I was out of town and will return within a week
I have never bought from them again, prior to that I liked them and never returned anything or even wanted to return anything
Truly disappointed with their inconsistent policy, since they never warned me that my delay would void any return policy /:
My original gut feeling is not respond on here about this, but since there's some misinformation, I feel it's important.
The coin was a details-graded PCGS coin, with 0.98 (meaning "damage").
@Realone did not pay within 7 days. He didn't ask anyone here about paying after 7 days and still having a return privilege. (we've never allowed something like this). He could have asked if he could pay after 7 days, which we would have allowed, but nothing about wanting to still have the ability to return the coin.
But more importantly:
@Realone - since your post is misleading, please confirm to everyone that we agreed to take the return back in 2017 when we spoke (in fact, I was going to carry the return as GC, so it didn't affect the consignor's account), even though it was against our policy and that your issue was that you didn't want special treatment or for us to bend our rules. We left that phone call that you were going to return it to us. Two days later, you called back and said you didn't think GC should give you special treatment or accept the return past our policy. I thanked you, and I thought that was the end of it. This is confirmed by the e-mails you sent me confirming you didn't want special treatment. So, when I heard 8 months later you were unhappy, I was quite surprised.
I don't really agree with the vitriol expressed in regards to this coin.
Yes, it has some significant issues. But problem coins can still have significant value.
The subject coin has some things going for it, such as: being made of gold; rarity; lack of major impacts (damage); and some luster remaining. The coin's appearance is not optimal, but it isn't THAT bad either.
Which would be the better deal: ?
This coin at $6,800 ;
or
A specimen with original surfaces, but possibly more marks on it, at two to three times the price.
At some point, with sufficient divergence in prices, the "problem" coin would be the better deal.
Of course, the market determines that.
@dcarr said:
I don't really agree with the vitriol expressed in regards to this coin.
Yes, it has some significant issues. But problem coins can still have significant value.
The subject coin has some things going for it, such as: being made of gold; rarity; lack of major impacts (damage); and some luster remaining. The coin's appearance is not optimal, but it isn't THAT bad either.
Which would be the better deal: ?
This coin at $6,800 ;
or
A specimen with original surfaces, but possibly more marks on it, at two to three times the price.
At some point, with sufficient divergence in prices, the "problem" coin would be the better deal.
Of course, the market determines that.
I suppose it depends on your objectives. I would not place this coin in my collection at any price. To me this piece in a collection devalues the entire collection if otherwise wholesome. If it is a collection of "C" coins, why not. If cheap enough, I would buy it to flip it.
I literally have not been able to login for the past few days... Those that have read this thread should be thankful that you were spared further agony. Instead, look at a picture and enjoy the moment.
Experience the World through Numismatics...it's more than you can imagine.
@dcarr said:
I don't really agree with the vitriol expressed in regards to this coin.
Yes, it has some significant issues. But problem coins can still have significant value.
The subject coin has some things going for it, such as: being made of gold; rarity; lack of major impacts (damage); and some luster remaining. The coin's appearance is not optimal, but it isn't THAT bad either.
Which would be the better deal: ?
This coin at $6,800 ;
or
A specimen with original surfaces, but possibly more marks on it, at two to three times the price.
At some point, with sufficient divergence in prices, the "problem" coin would be the better deal.
Of course, the market determines that.
Good points.
As for final determination, there's the market, and one's budget
I've been spending a lot of time on the sidelines these coronavirus days, thinking maybe I should get myself a website and do more retail. This thread brought me back to my senses. I'll just wait it out, thank you very much.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Comments
Robert, but how about alive?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Boosibri agrees that RYK would not be caught dead with that coin.
Latin American Collection
Even less likely!
Glad RYK came back to make that statement.
Has your box of 20 changed since ANA 2008?? Wow, it's been 12 years since our little coin forum reunion took place on the show floor.
I believe GC does have a return policy.
If GC were to provide descriptions they probably would be forced to increase the BP. I think most of us would prefer low BP’s instead of descriptions.
GC does allow you to view coins with an appointment.
GC Return Policy:
On all non-bullion items, GreatCollections offers a generous return policy (unless otherwise marked on the item information page) as a courtesy to Buyers, providing the item is paid for within seven days of the auction date (or in the case of a Buy Now item, when you confirmed to purchase the item) and no request to delay shipment is made by Buyer. Certified coins/banknotes must be in the original sealed grading service holders. To return an item, the Buyer must notify GreatCollections within 24 hours of receipt and receive a return confirmation number. Please mail the coin or banknote via Insured Mail to GreatCollections within 72 hours of receipt of coin. Original and return shipping costs are not refunded. Returns will not be accepted without the return confirmation number. Registered bidders are allowed one free return each month. For more than one return in a calendar month, a 5% fee will apply, based on the total purchase price of the item. Clients found to be abusing our return policy will be notified in writing that they will no longer have any return policy privileges whatsoever. If you viewed the item prior to winning the auction or offered the coin for sale to any dealer, collector and/or marketplace, there is no return privilege.
Not the BP debate again.... LOL
Irrespective of the coin, is "discount auction site" the right evaluation criteria of GC here, or is this really an issue with all auction sites?
For example, would Heritage or Stack's would reject this coin?
People have even taken issue with the following Legend Auctions headline PCGS CAC coin:
https://forums.collectors.com/discussion/1038753/rainbow-toned-peace-dollars-pcgs-cac
Not a DOG, but DOA
That sounds like a great policy, and much more than other auction sites.
You can also always call and ask for a description from what I have been told.
Best, SH
Heritage or Stack's would not reject the coin, but they would probably describe it if there are issues. [Which we can't be sure there are.]
Would they say “puttied and likely hairlined if conserved” or would they say “ slight opaqueness over highly lustrous surfaces. Very rare in this state of preservation.
Latin American Collection
This is conjecture on my part, but if either of those auction houses were fairly certain the coin had been puttied, I believe they would likely refuse to auction it.
I respectfully disagree. There are problem coins in every auction which are never noted as such.
Latin American Collection
I don't know about Heritage. But I've seen some gold at Stack's that looked puttied to me. They do sell the occasional problem coin at both places. But they usually mention it.
Strange, that policy seems to indicate returns are allowed.
Maybe @ianrussell can comment?
Well, there is a clause in the verbiage about "clients found to be abusing our return policy [...]"
There are other exceptions noted in the policy that don't require you to accuse someone of abusing the policy.
Bullion is not returnable. Auction lots that expressly do not include returns.
Yes, we do have a return policy. If we do not allow a return, it's because it did not qualify for the return (as noted in our policy) - ie. paid within a set time, notified us within 24 hours of receipt etc.
We've probably banned 10 people over the past 10 years for abusing our return policy - I don't believe anyone on these forums.
The reason why we have a return policy (it's rare in the auction business), is that we stand behind what we do - and we have always focused on accurately imaging the coins. If the image doesn't look like the coin, buyers would not be happy - it's why so many people stop buying on eBay.
I've been meaning to post about the 1858-S, but had a serious (for me) tooth issue that put me out of action for 4-5 days. There is a massive difference between PCGS and NGC for this coin, and CAC (for either PCGS/NGC) would be a whole other level of pricing. It exceeded my pre-auction estimate by $400, but it's the kind of coin that could certainly have brought more. I see a PCGS example in the same grade sold for $8500 hammer ($10,200 with their 20%) in January. Our particular NGC coin was sold by a dealer in the midwest for $7500 earlier this year (February/March).
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
In your opinion was the coin puttied?
Latin American Collection
You told them after you won the auction that your payment would be delayed?
Per their return policy if you paid for the coin within 7 days of winning it and notified them within 24 hours of receiving it you should have been able to return it.
The problem with your timeline is the consignor had probably already been paid....hence the 24 hour requirement you notify of a return.
So you expected an exception to the return policy. Did you explicitly ask them for this, and did they explicitly grant the exception, only to later go back on their word?
Seems this is what you are insinuating, but I doubt that’s what happened.
Calling them to give a heads up about payment timeframe is not the same as being explicitly granted an exception to return policy. You're smart enough to know that.
Either way, the classy thing to to do here is to take it up offline with GC instead of dragging their name through the mud in a public forum. I'm going to take a wild guess that based on what you've said here, they aren't missing your business.
Based on a ton of feedback on this forum, Ian and GC have been nothing but consistently helpful, often going out of their way to provide the best customer service in the business. Maybe the issue isn't with them?
My original gut feeling is not respond on here about this, but since there's some misinformation, I feel it's important.
The coin was a details-graded PCGS coin, with 0.98 (meaning "damage").
@Realone did not pay within 7 days. He didn't ask anyone here about paying after 7 days and still having a return privilege. (we've never allowed something like this). He could have asked if he could pay after 7 days, which we would have allowed, but nothing about wanting to still have the ability to return the coin.
But more importantly:
@Realone - since your post is misleading, please confirm to everyone that we agreed to take the return back in 2017 when we spoke (in fact, I was going to carry the return as GC, so it didn't affect the consignor's account), even though it was against our policy and that your issue was that you didn't want special treatment or for us to bend our rules. We left that phone call that you were going to return it to us. Two days later, you called back and said you didn't think GC should give you special treatment or accept the return past our policy. I thanked you, and I thought that was the end of it. This is confirmed by the e-mails you sent me confirming you didn't want special treatment. So, when I heard 8 months later you were unhappy, I was quite surprised.
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
Well that is a pretty clear narrative of events
Latin American Collection
Which one?
Ian’s
Latin American Collection
I don't really agree with the vitriol expressed in regards to this coin.
Yes, it has some significant issues. But problem coins can still have significant value.
The subject coin has some things going for it, such as: being made of gold; rarity; lack of major impacts (damage); and some luster remaining. The coin's appearance is not optimal, but it isn't THAT bad either.
Which would be the better deal: ?
This coin at $6,800 ;
or
A specimen with original surfaces, but possibly more marks on it, at two to three times the price.
At some point, with sufficient divergence in prices, the "problem" coin would be the better deal.
Of course, the market determines that.
I suppose it depends on your objectives. I would not place this coin in my collection at any price. To me this piece in a collection devalues the entire collection if otherwise wholesome. If it is a collection of "C" coins, why not. If cheap enough, I would buy it to flip it.
Latin American Collection
Wasn't me.
Coin Rarities Online
Some things never change. As in if a return is offered and declined then one should stfu
This thread isn't about you. Can we get back to the 1858-s eagle?
I literally have not been able to login for the past few days... Those that have read this thread should be thankful that you were spared further agony. Instead, look at a picture and enjoy the moment.
Experience the World through Numismatics...it's more than you can imagine.
Well, it is a rare R-5 coin. Can someone post a nicer 1858-S $10 from their collection?
Good points.
As for final determination, there's the market, and one's budget
I've been spending a lot of time on the sidelines these coronavirus days, thinking maybe I should get myself a website and do more retail. This thread brought me back to my senses. I'll just wait it out, thank you very much.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
100
Latin American Collection