Options
Security Reasons?
USMC
Posts: 329 ✭✭✭✭
I was looking around for Morgan Dollars on Ebay, and I came across
this site that has a good number of coins that are listed.
What I saw was that all the coin slabs, PCGS & NGC had the registration
numbers blocked out. I sent a message and did asked why, and the reply
I got back was: "For Security Reasons" .....
CLICK ON LINK TO EBAY SITE
https://www.ebay.com/sch/silvertownelp/m.html?item=304175541413&hash=item46d2466ca5:g:d2YAAOSwXmBhSMRZ&rt=nc&_trksid=p2047675.l2562
0
Comments
That's odd.
My YouTube Channel
I wonder if they know all you have to do is scan the barcode with a phone in the PCGS Cert App? Is there some info the number gives that the lookup on the coin does not?
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Here is a tip.
Scan the bar code.
Wayne
Kennedys are my quest...
Somebody should send the seller a screenshot of the coins info and say YEAH real secure LOL
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
The bar code will tell you everything.
My YouTube Channel
Why let them in on a good thing.
Wayne
Kennedys are my quest...
Avoid. Very fishy! This just makes it seem that if something goes wrong they will be a pain in the butt to deal with!!
Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP
It is not uncommon for people to be paranoid about security, but don't really understand what is or isn't a risk or why. So they think they are being cautious when really they are just being ignorant and misguided.
People do it all the time out of paranoia.
All comments reflect the opinion of the author, even when irrefutably accurate.
Seems they are either misinformed or they are blocking it for a reason... unaware that the code can be scanned. Cheers, RickO
Generally done to prevent someone other than the owner of the coin from registering the coin in a Registry.
As @braddick posted: "Generally done to prevent someone other than the owner of the coin from registering the coin in a Registry.".
Even if you disagree with the practice, it's not fishy, especially if you look at the seller's history on eBay.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
There you go- bringing logic and rationality into the discussion. That'll kill the thread for sure.
edited to add... Looking at the seller's feedback- over 170,000 positives and for the one negative received this year, an apology for a mistake that was made. Quite fishy, indeed.
All that proves is that the seller is a master of the very long con.
All comments reflect the opinion of the author, even when irrefutably accurate.
You could be right...
Elaine: So Mom and Pop's plan was to move into the neighborhood, establish trust for 48 years, then run off with Jerry's sneakers?
Kramer: Apparently.
Not sure what the issue is other than you may get another coin other than the one that was listed. That process would have tanked their feedback by now, so I am having trouble seeing the big bad wolf. I think they may be worried about their coins showing up in registry sets? Or show up in some other dealer's online inventory.
I would think if it's a legitimate seller that maybe they are using stock photos and you may or may not get the coin pictured. Why not message the seller and ask?
For the record, that eBay posting is by SilverTowne. Been around a long, long time. No trust issues. I have no connection to them (but have sold to them in the far distant past).
Buying and Selling coins for 54 years, 700+ shows in last 20 years, and boy am I tired.
Purchased and Trademarked the Mohawk Valley Hoard
Originated the Rochester (NY) Area Coin Expo
Hiding the serial number on the slab certainly makes bait and switch a whole lot easier on a venue with more that a few scammers.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Do you think that's what this seller is doing?
No. Simply, no.
Buying and Selling coins for 54 years, 700+ shows in last 20 years, and boy am I tired.
Purchased and Trademarked the Mohawk Valley Hoard
Originated the Rochester (NY) Area Coin Expo
I recently bought a coin from a member of the forum. When I went to put it in a set registry it wouldn't let me. Until the previous owner released the coin.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
Of course not. I was speaking in general.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I asked the seller again to define "Security Reasons" - Reply Was:
Good morning, to answer your question, we gray out the NGC or PCGS numbers because we normally have multiples of any given certified product, so this image of one basically becomes a "stock photo". With multiple quantity of the same grade available, we couldn't guarantee that you'd receive the serial number pictured. Sometimes we forget to gray them out and we've had customers complain and even return coins because they didn't receive the serial number shown on the label. Hope that makes sense and helps you to understand our process
I have no problem with coin dealers using stock pictures as long as the seller states that's what he's doing in his description. Otherwise, it's just another case of bait and switch.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
stock photo -> the coin you receive may be uglier
Good point. Usually the nicest coin is photographed for the stock picture. I can see using a stock picture for some coins such as modern proof coins for example where almost every coin is a 69 or 70. Otherwise, I'll pass if I'm not getting the coin being pictured in the dealer's listing.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire