I wouldn’t have cracked that….

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U1chicago
U1chicago Posts: 6,993 ✭✭✭✭✭
in U.S. Coin Forum

This was an interesting decision by a seller that has been discussed before. We have seen examples of details coins cracked out and sold without disclosing the issue. We have also seen super frosty examples in the photos when a coin wasn’t even pl in the holder. However, I’m surprised the seller cracked this toner that went for strong money at GC in the Anacs holder. While I liked the coin, I felt the colors weren’t quite right (possibly QC at PCGS and thus sold in the Anacs holder). There did not appear to be much upside trying to sell this raw (if it was market acceptable, having it in a PCGS holder would have maximized the value and if not MA, then leaving it in the Anacs slab was best). I wonder if the seller will take the loss or cancel the sale.




Comments

  • DrewU
    DrewU Posts: 208 ✭✭✭✭
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    Agreed, very puzzling decision making process by the seller.

  • DocBenjamin
    DocBenjamin Posts: 1,492 ✭✭✭✭✭
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    An unusual and peculiar look.

  • blitzdude
    blitzdude Posts: 7,723 ✭✭✭✭✭
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    It's a $55 coin. Now give it a dip of the Weimans and make her beautiful again. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • jmlanzaf
    jmlanzaf Posts: 43,046 ✭✭✭✭✭
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    There is risk in any crack out.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • EarlyUS
    EarlyUS Posts: 306 ✭✭✭
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    Phenomenal toning should add a sizable premium to that coin. The color should easily pass muster at NGC or PCGS, if submitting is the current owner's plan.

    James at EarlyUS.com

    On the web: http://www.earlyus.com
  • jmlanzaf
    jmlanzaf Posts: 43,046 ✭✭✭✭✭
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    @OldeTowneCoinShoppe said:
    Phenomenal toning should add a sizable premium to that coin. The color should easily pass muster at NGC or PCGS, if submitting is the current owner's plan.

    That's sort of the opposite point to the OP

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • Shurke
    Shurke Posts: 782 ✭✭✭✭✭
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    Cracking definitely wasn’t the safe option here. If I had to guess, I’d say the seller was hoping potential buyers might misgrade the coin and bid hoping to land a 64 or 65 when they submit it.

  • cameonut2011
    cameonut2011 Posts: 10,870 ✭✭✭✭✭
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    @jmlanzaf said:

    @OldeTowneCoinShoppe said:
    Phenomenal toning should add a sizable premium to that coin. The color should easily pass muster at NGC or PCGS, if submitting is the current owner's plan.

    That's sort of the opposite point to the OP

    I’m assuming the owner attempted to submit it raw to PCGS, and it came back with a details grade.

  • Pnies20
    Pnies20 Posts: 2,604 ✭✭✭✭✭
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    With the volume they do, it’ll barely be a blip on the radar.

    They’ll move on and continue to be the coin weasels they are

    BHNC #248 … 140 and counting.

  • hummingbird_coins
    hummingbird_coins Posts: 1,671 ✭✭✭✭✭
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    At least they didn't say it was from an "original collection".

    Young Numismatist • My Toned Coins
    Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled

  • U1chicago
    U1chicago Posts: 6,993 ✭✭✭✭✭
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    @braddick said:

    @cameonut2011 said:

    @jmlanzaf said:

    @OldeTowneCoinShoppe said:
    Phenomenal toning should add a sizable premium to that coin. The color should easily pass muster at NGC or PCGS, if submitting is the current owner's plan.

    That's sort of the opposite point to the OP

    _ I’m assuming the owner attempted to submit it raw to PCGS, and it came back with a details grade._

    You sure about that?
    The ANACS auction ended October 6th.
    I'd think mailing time from GC and then the listing date as a "raw coin" would prohibit getting PCGS opinion of the coin.

    That’s my thinking too. There wasn’t enough time in between unless someone did an express in-person submission.

  • U1chicago
    U1chicago Posts: 6,993 ✭✭✭✭✭
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    @jmlanzaf said:
    There is risk in any crack out.

    That’s true. However some are riskier than others. And some make less sense than others. This was an example where the risk to reward ratio did not seem to be in favor of cracking. I would have tried a crossover to PCGS with any non-details grade as the parameter.

  • jmlanzaf
    jmlanzaf Posts: 43,046 ✭✭✭✭✭
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    @cameonut2011 said:

    @jmlanzaf said:

    @OldeTowneCoinShoppe said:
    Phenomenal toning should add a sizable premium to that coin. The color should easily pass muster at NGC or PCGS, if submitting is the current owner's plan.

    That's sort of the opposite point to the OP

    I’m assuming the owner attempted to submit it raw to PCGS, and it came back with a details grade.

    I wouldn't make that assumption with that seller. He's more famous for cracking everything out, PCGS or not, and selling it raw.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • jmlanzaf
    jmlanzaf Posts: 43,046 ✭✭✭✭✭
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    @U1chicago said:

    @braddick said:

    @cameonut2011 said:

    @jmlanzaf said:

    @OldeTowneCoinShoppe said:
    Phenomenal toning should add a sizable premium to that coin. The color should easily pass muster at NGC or PCGS, if submitting is the current owner's plan.

    That's sort of the opposite point to the OP

    _ I’m assuming the owner attempted to submit it raw to PCGS, and it came back with a details grade._

    You sure about that?
    The ANACS auction ended October 6th.
    I'd think mailing time from GC and then the listing date as a "raw coin" would prohibit getting PCGS opinion of the coin.

    That’s my thinking too. There wasn’t enough time in between unless someone did an express in-person submission.

    That and the fact that the seller in question prefers to sell raw.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • JWP
    JWP Posts: 37,344 ✭✭✭✭✭
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    I recently bought some raw toned coins from Ebay. They were really nice IMHO, but after questioning the seller I changed my opinion
    The seller got upset when I asked if he used comical and got kinda nasty and said he only uses Tap water and heat. I compromised and the sent sent me a 50% refund and said keep the coins. The refund was $12.20.


    I need to be more careful when looking at toned eye candy

    USN & USAF retired 1971-1993
    Successful Transactions with more than 100 Members

  • U1chicago
    U1chicago Posts: 6,993 ✭✭✭✭✭
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    @JWP said:
    I recently bought some raw toned coins from Ebay. They were really nice IMHO, but after questioning the seller I changed my opinion
    The seller got upset when I asked if he used comical and got kinda nasty and said he only uses Tap water and heat. I compromised and the sent sent me a 50% refund and said keep the coins. The refund was $12.20.


    I need to be more careful when looking at toned eye candy

    The nickels look close to plausible but the quarter is definitely QC. Even at the full price you paid, that wasn’t too bad since some of the decent looking AT sells (I wouldn’t be surprised if those nickels went for $10-$20 each). Just don’t spend the money getting them graded-that’s where the tuition can get expensive.

  • MsMorrisine
    MsMorrisine Posts: 40,041 ✭✭✭✭✭
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    AT on the above proofs

    the op coin is nt and perhaps it might sell for more "with good pictures"

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • JWP
    JWP Posts: 37,344 ✭✭✭✭✭
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    @U1chicago said:

    @JWP said:
    I recently bought some raw toned coins from Ebay. They were really nice IMHO, but after questioning the seller I changed my opinion
    The seller got upset when I asked if he used comical and got kinda nasty and said he only uses Tap water and heat. I compromised and the sent sent me a 50% refund and said keep the coins. The refund was $12.20.


    I need to be more careful when looking at toned eye candy

    The nickels look close to plausible but the quarter is definitely QC. Even at the full price you paid, that wasn’t too bad since some of the decent looking AT sells (I wouldn’t be surprised if those nickels went for $10-$20 each). Just don’t spend the money getting them graded-that’s where the tuition can get expensive.

    **My thought too. The seller said that these were not Artificially toned. **

    USN & USAF retired 1971-1993
    Successful Transactions with more than 100 Members

  • johnny010
    johnny010 Posts: 1,858 ✭✭✭✭✭
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    @JWP said:

    @U1chicago said:

    @JWP said:
    I recently bought some raw toned coins from Ebay. They were really nice IMHO, but after questioning the seller I changed my opinion
    The seller got upset when I asked if he used comical and got kinda nasty and said he only uses Tap water and heat. I compromised and the sent sent me a 50% refund and said keep the coins. The refund was $12.20.


    I need to be more careful when looking at toned eye candy

    The nickels look close to plausible but the quarter is definitely QC. Even at the full price you paid, that wasn’t too bad since some of the decent looking AT sells (I wouldn’t be surprised if those nickels went for $10-$20 each). Just don’t spend the money getting them graded-that’s where the tuition can get expensive.

    **My thought too. The seller said that these were not Artificially toned. **

    You should have quoted Friday

  • JWP
    JWP Posts: 37,344 ✭✭✭✭✭
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    @johnny010 This Ebay seller got real defensive after Mr 1st message to him.Using heat to make a toned coin is not a seller that will get my business ever again.

    USN & USAF retired 1971-1993
    Successful Transactions with more than 100 Members

  • johnny010
    johnny010 Posts: 1,858 ✭✭✭✭✭
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    @JWP said:
    @johnny010 This Ebay seller got real defensive after Mr 1st message to him.Using heat to make a toned coin is not a seller that will get my business ever again.

    Yea definitely agree. Some bad players out there unfortunately.

  • coinguy82
    coinguy82 Posts: 60 ✭✭✭
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    I'm disappointed in you Denver Coins, you should have added an extra + or 2 :D

  • davewesen
    davewesen Posts: 6,982 ✭✭✭✭✭
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    @JWP said:
    I recently bought some raw toned coins from Ebay. They were really nice IMHO, but after questioning the seller I changed my opinion
    The seller got upset when I asked if he used comical and got kinda nasty and said he only uses Tap water and heat. I compromised and the sent sent me a 50% refund and said keep the coins. The refund was $12.20.


    I need to be more careful when looking at toned eye candy

    What area and state are they in? I do not want to drink the tap water there.

    Will the original dollar in this thread be relisted? I have found many times some sellers seem to shill and sometimes end up with it themselves.

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