How would you respond to E-Bay coin auction?
Sarge8497
Posts: 32 ✭✭
Here is the description of the coin on the auction: 1806 O-120a PCGS F-12? Early Draped Bust Half Dollar Was VF-20.
https://www.ebay.com/itm/234118923518
What that have to do with what the coin is now?
He is asking for a Buy it Now price over what a VF-20 goes for.
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Simple: if you believe the coin is correctly graded now, bid accordingly if the coin is being auctioned (vs. simply for sale). Walk away otherwise.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
When I see a coin I'm not interested in, I don't buy it.
IMO the coin is not worth VF20+, although technically it is a strong F12 (or F15). It does have worn dies and that is how PCGS grades DBH's with worn dies. Doesn't matter what the seller claims it was graded before. A few marks could prevent a sticker.
edit - the latest JRCS rarity ratings (2021) have the 1806 O-120a as an R-4 rarity, and it does not have the full die breaks or developed die chip at shield for 120b, which is an R-5.
Looks like he disagrees with the current label on the holder.
The O.120a is an R5 die state (the O.120 is an R3 die marriage).
Perhaps his pricing reflects the rarity of the die state.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Let the seller know when the coin left the Mint it was probably right around MS60 or so. What was, was. What is, is.
peacockcoins
"How would you respond to E-Bay coin auction?
It doesn't appear to be an auction but aside from that, if I was interested in the coin at the listed price, I'd buy it. If I wasn't, I wouldn't. I don't see any point in arguing grading with people, as it tends to not go well.
This.
Price guides are just guides. He may ask whatever he wishes.
There is nothing wrong with that listing.
I wouldn’t waste my time with him. If he has a coin in a 12 holder priced like a 20 negotiating is futile unless it’s a rare die state or something you truly want. We also have no way of knowing if the coin was ever in a 20 holder.
Just move on. eBay sellers come and go and the world still spins on.
Or not...
That's some serious puffery and a seller I would avoid.
It’s not an auction and I’d simply pass on the coin, without messaging the seller.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I would do nothing as I do not collect bust half dollars.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
If I find a coin I am interested in but the seller wants twice as much as I am willing to pay, I pass.
If you look at how few 120a coins Heritage has sold in the past 20 years, it must be a more scarce variety.
I'm sorry guys, I didn't mean to go into this as a long drawn out discussion. I just thought it was strange that he he would say that this is graded F-15 but use to be graded VF-20. I guess he didn't like the coin graded as a VF-20 and thought it should be higher. Anytime you have a coin regraded you take the chance that it will come back in a lower grade. I guess it is what it is.
Ask him to send a pic of the VF20 label!
To what end? To tacitly accuse the seller of lying? To buy the coin if the VF20 label is produced?
On a practical basis, there’s virtually no upside in asking, just downside in alienating a potential source for coins.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The 2015 Tompkins book Early United States Half Dollars Volume I 1794-1807 has this die marriage as T-28, meaning it is the 28th DM of 1806 in emission order. Tompkins lists seven different die stages for the reverse die. The OP coin is reverse DS-4, it still has a long way to terminal DS-7 (cud at AM). Reverse DS-6 is worth a small rarity premium, and DS-7 is worth more as it is an unlisted R-7+ or R-8 rarity. The OP coin is not worth any premium for die state rarity. Pay F12 money.
Hmmmm, perhaps you are different. If I have a previous label I usually picture it in the listing or I can produce it.
Are you saying you think the seller was lying? If not that, do you think it would matter to the OP if the seller did have the label?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Maybe he had it regraded to get it attributed
If it's a lie, it's a useless lie. It is not in a VF20 holder now. There is no upside to lying and certainly no upside to calling him a liar.
If you don't like it at that price, you don't buy it. There's nothing here to fix IMHO.
As you know, that could have been done without cracking the coin out and thus, with very little risk of a downgrade.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Depends on how you send it in. He might not have thought there was risk. Who knows? Maybe he thought it might 25.
I just tend to think that a stupid lie is usually the truth. I don't see any point in saying it used to be in a 20 if it weren't true.
To be clear, I wasn’t questioning the seller’s veracity. I was just making the point that you can have a coin regraded without taking more than a negligible chance of a downgrade.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Tell him to send it to CAC. Should gold bean easy then right.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Actually, no.
Yes, if it were a marginal 20 it won't gold bean. Gold bean should green at the higher grade per CAC.
If I had a nickel for every time I wanted to tell a seller on ebay how wrong they were, I'd have a lot of nickels.
Collector, occasional seller
But would they be properly described and fairly priced?
A listing, that if I were perusing ebay, I would pass by... without interest or comment. Though it certainly has generated discussion here.
Cheers, RickO
Hanlon's Razor: Never attribute to malice that which can be (adequately) explained by stupidity
ANA 50 year/Life Member (now "Emeritus")
It does look like a very strong 12 to me.
Stupidity needs to learn that when it manifests itself, it can be easily interpreted as malice.
it could have been in a different company holder. I had a NGC double eagle that was VF30 and submitted raw to PCGS that came back VF20. If you have something in PCI, SEGS, ACG, ICG ..... a PCGS downgrade could still increase value.
Perhaps the seller overpaid for it in hopes of getting a higher grade. Happens all the time. A lot of dealers (and collectors for that matter) are not as good as they think at grading coins. Could be that he is buried in the coin and is just trying to get his money back.
If it’s over what I would bid or pay I could care less what they or asking or why.