Home› U.S. Coin Forum

The "pig in a poke" auction - updated with coin identity

krankykranky Posts: 8,709 ✭✭✭
in U.S. Coin Forum
This auction was about as vague as possible.

Let's say you see an auction like this from a board regular. You know the seller is not ignorant of what the item is, and he's being intentionally vague. (Actually, that's exactly the scenario, only the seller wasn't from this board.) The seller disclosed on the other board that the coin was from 1932-64, it looked "brand new", and was certified by a leading 3rd party service. He invited the other board members to "try your luck if you'd like". Would you bid?

For reference, here are the auctions from this seller for the last 30 days. I'll tell you later what the coin was (by the way, I wasn't involved in the auction).

I identified the actual coin about 15 posts down.

New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

Comments

  • geb209geb209 Posts: 375
    Was it a 1964D graded by ACG as AU58?
  • krankykranky Posts: 8,709 ✭✭✭
    He said it was a "leading 3rd party service" so it's either PCGS, NGC, or ANACS.

    I'll tell what the coin was later, I'm curious to know if, given these circumstances, members here would have bid in the auction.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • tjkilliantjkillian Posts: 5,578 ✭✭✭
    It was an absurd auction. Without more information, it could easily be a AU-50 1964-D quarter in an NTC holder that was whizzed and tooled. Worth only melt. The seller clearly did this to be confusing.

    Tom
    Tom

  • krankykranky Posts: 8,709 ✭✭✭
    He did it not to confuse people, but only to be purposefully vague. He is a member of a different board, and told the board members he put up the auction, just to see what might happen.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • windwhispersintreeswindwhispersintrees Posts: 605 ✭✭✭
    It's amazing someone would pay $34 for a "silver quarter" of unknown grade & unknown date (was there a picture somewhere in the auction that I missed?).
    A fool & his money are soon parted.
    "A happy person is not a person in a certain set of circumstances, but rather a person with a certain set of attitudes"--Hugh Downs
  • ShamikaShamika Posts: 18,785 ✭✭✭✭
    "Silver Washington Quarter for auction. Certified by a leading 3rd party grading service. Looks very nice and brand new. A very nice looking coin."


    You've got to be kidding me!

    Buyer and seller of vintage coin boards!
  • sinin1sinin1 Posts: 7,500 ✭
    was it an NGC coin, and the NGC board members new about it?
  • EvilMCTEvilMCT Posts: 799 ✭✭✭
    I would not bid because I do not collect certified Washington's. If I did collect them, I would bid if I had positive dealings with this seller before. However, I would not bid because I have no idea who he/she is.

    Ken
    my knuckles, they bleed, on your front door
  • anoldgoatanoldgoat Posts: 1,493 ✭✭✭
    No
    Alright! Who removed the cork from my lunch?

    W.C. Fields
  • abuellabuell Posts: 715
    The bidders in this auction are the same people who would invest their life savings with a friend's friend's brother in law because 'he looked like such a nice young man' and he assured them that they would double their money in three months.
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    yah, I'm going to put up a bunch of auctions selling "a coin", or even better "something of value"

    everyone loves a mystery!

    anyway, to answer the question, no, i would not bid, and pity anyone who would.

    Liberty: Parent of Science & Industry

  • aRabidChipmunkaRabidChipmunk Posts: 196
    That would be a negative Ghostrider!

    If I could enter a bid of "Some legal tender officially backed by a leading world government" then I might do that! image


    Edit: edited to make it even more vague!
    image
  • XpipedreamRXpipedreamR Posts: 8,059 ✭✭
    I don't have any problem with an auction like this. I someone wants to stupidly bid on an item not even knowing what it is, who am I to question them?

    image
  • jeffnpcbjeffnpcb Posts: 1,943 ✭
    If he informed people what he was doing, it all smells of Pschology 101 course! I found it interesting to see what happened. No, I wouldn't bid on it, but still a puzzling idea! Let's go fishing for fools!!image
    HEAD TUCKED AND ROLLING ALONG ENJOYING THE VIEW! [Most people I know!]

    NEVER LET HIPPO MOUTH OVERLOAD HUMMINGBIRD BUTT!!!

    WORK HARDER!!!!
    Millions on WELFARE depend on you!
  • kieferscoinskieferscoins Posts: 10,017 ✭
    So Kranky, what was it?

    Cameron Kiefer
  • krankykranky Posts: 8,709 ✭✭✭
    The seller delivered a 1937 Washington quarter in PCGS 66, worth about $250.

    Perhaps the Christmas spirit?

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • JeffinMichJeffinMich Posts: 438
    Solid! But I still wouldn't have bid on that auction, given the vague description. image
  • relayerrelayer Posts: 10,570 ✭

    I would have bid on it if I new we was going to switch the 2001 PR69DCAM with a 1937 MS66
    image
    My posts viewed image times
    since 8/1/6
  • LAWMANLAWMAN Posts: 1,274 ✭✭
    17 bids!!!!!!!!!!! Huh????
    DSW
  • nwcsnwcs Posts: 13,386 ✭✭✭
    Man, wish I would have bid now. image
    Blog and Pics

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Format
SpoilerCodeQuote
Heading 2Heading 1
Emoji
:):D:(;):/:o:s:p:'(:|B):#:*<3o:)>:)
Url
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file
Home • U.S. Coin ForumComment As ...