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Another Steal! Or the Case of the Greedy Collector?

This guy jumped on this deal.
1889 CC

Check out the aftermath:

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    TommyTypeTommyType Posts: 4,586 ✭✭✭✭✭
    Apparently he was SURPRISED that his $44 Proof 1889CC Morgan wasn't real?

    Easily distracted Type Collector
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    OffMetalOffMetal Posts: 1,684
    I think it is wrong for grading services to slab that kind of repros image

    Ben
    -Ben T. * Collector of Errors! * Proud member of the CUFYNA
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    I knew that SEGS wasn't a 1st tier grading service, but grading silver rounds??? Does any other grading service do this?
    Oh boy...this could be a bad thing.........image
    image
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    MORON !
    image
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    mrdqmrdq Posts: 1,186 ✭✭✭
    shame on SEGS

    --------T O M---------

    -------------------------
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    anoldgoatanoldgoat Posts: 1,493 ✭✭✭
    "You can now obtain PRF-69 and PRF-70 specimens of this non-monetary issue". Isn't this false advertising, I didn't know SEGS had a grade below 70. I've never seen one.
    Alright! Who removed the cork from my lunch?

    W.C. Fields
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    NumisOxideNumisOxide Posts: 11,037 ✭✭✭✭✭


    << <i>I think it is wrong for grading services to slab that kind of repros >>


    I agree. This really hurts new collector's, who do not know there are repros out there.
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    dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭
    If it appears to be a steal and is priced like a steal... By all means, DON"T steal it!!! image

    For every time you stumble, never grumble... 'cause next time you'll stumble even less. image












    image...There's always time for coin collecting. image
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    fcfc Posts: 12,805 ✭✭✭
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    MyqqyMyqqy Posts: 9,777
    I think slabbing bullion in general is pretty lame....... image
    My style is impetuous, my defense is impregnable !
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    SarasotaFrankSarasotaFrank Posts: 1,625 ✭✭
    "I want to die peacefully in my sleep like my Grandfather did, as opposed to screaming in terror like his passengers."
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    ERER Posts: 7,345
    Sickening!image
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    MadMartyMadMarty Posts: 16,697 ✭✭✭
    The seller and the buyer will meet again in scumbag hell!!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

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    morgannut2morgannut2 Posts: 4,293
    From 50Johnl -Great service, my second purchase from this seller!! I wonder if he knows what he bought yet?image
    morgannut2
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    stev32kstev32k Posts: 2,098 ✭✭✭
    I thought ebay rules required that a reproduction had to state "copy" or "reproduction" in the title?
    Who is General Failure, and why is he reading my hard drive?
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    PerryHallPerryHall Posts: 47,537 ✭✭✭✭✭
    This buyer should stick with PCGS First Strike silver rounds.........er.........I mean silver eagles.

    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

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    cosmicdebriscosmicdebris Posts: 12,332 ✭✭✭
    Seller should have "COPY" in the title per eBay's rules.
    Bill

    image

    09/07/2006
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    BillJonesBillJones Posts: 35,810 ✭✭✭✭✭
    # 1 The buyer did not bother to read the part about how this "coin" was made by a PRIVATE MINT.

    #2 Shame on SEGS. image They have stooped to wallowing in the sewer for a few dollars. If they were goin to slab this thing, which they should not be doing IMO, instead of printing all of the gobbly-gook about "limited editions" they needed to use one word, "COPY" in bold print and one inch sized letters.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    "We've selected a small group of the very finest privately minted 1889 'CC' Morgan Pure Silver tribute proofs, and had them individually graded and slabbed by the Sovereign Entities Grading Service (SEGS). "

    seems pretty obvious to me that it's not a real CC. Nothing wrong with the sellers auction - besides the fact they are slabbing silver rounds.
    The guy should have paid more attention to what he was doing. And then to Neg the guy and call him a crook? That's not right.
    know what you don't know.

    hi, i'm tom.

    i do not doctor coins like some who post in here.

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    BillJonesBillJones Posts: 35,810 ✭✭✭✭✭
    You might not be able to call the seller “a crook,” but he’s definitely slippery. The pictures were very small, and the word “COPY” which was on the reverse was hidden by the way he displayed the item.

    No the seller is no angel, but the buyer was really stupid.

    AND SEGS, well they have hit a new low.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    PhillyJoePhillyJoe Posts: 2,728 ✭✭✭✭
    Seller had it listed in the U.S. coin section, which it's not.

    Newb should have wondered why this seller had a basketful of these things for $44 each and there was no buying frenzy.

    Seller offers 30 money back return policy; why the need for the neg?

    Joe
    The Philadelphia Mint: making coins since 1792. We make money by making money. Now in our 225th year thanks to no competition. image
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    DRGDRG Posts: 817

    Not only is the coin listed in the US coin section, it is listed in the Morgan dollar section!!!

    The seller never says it is a copy "1889 Morgan CC Certified Silver Dollar {No Res}” is all that is said in the title.

    Even the fine print is deceptive referring obliquely to "privately minted" and "non-monetary" is hardly stating that the coin is a replica. In fact one line simply states "The 1889 CC" Morgan Silver Dollar Proof you will receive will be PRF-69!!!"

    This is fraud and the seller deserves the negative feedback.

    The buyer did not show good judgment buying these coins, but it is possible that he has no idea what a real 1889 proof CC dollar would be worth. He may have simply thought that for $44 he could not go wrong on a nice looking 100+ year old US coin and that it must be real as it has been certified by a grading service.

    This is the kind of seller that gives coin dealers, eBay and for that matter all merchants a bad name.

    This guy makes us "wannabe" dealers look like angels.
    (PAST) OWNER #1 SBA$ REGISTRY COLLECTOIN
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    wildjagwildjag Posts: 1,335 ✭✭✭
    Even a newbie should have caught the .999 silver part and just looking at the reverse should have told them it was a repro.
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    mozinmozin Posts: 8,755 ✭✭✭
    There are lots of not too bright uninformed Ebay buyers, far too many for us to save from harm. I believe this seller is intentionally looking for this kind of buyer and I would like to see this stopped, but of course, that would mean Ebay would need to step in. I am not holding my hopes for this to happen.image

    Hopefully coin collecting has not lost a beginning collector because this person of unknown age has been burned.

    SEGS has now reached the bottom of the barrel by encapsulating this junk and not boldly labeling it as COPY.image I just checked my collection to see how many SEGS slabs I own and I was pleased to see I only own one, a Shield nickel MS62 worth about $100.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
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    anoldgoatanoldgoat Posts: 1,493 ✭✭✭

    Could of been a non collector buying it for a friend or loved one.
    Alright! Who removed the cork from my lunch?

    W.C. Fields
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    streeterstreeter Posts: 4,312 ✭✭✭✭✭
    Darn near a Hubble photo of the slab.


    MORON seller meets MORON buyer. They deserve each other.
    Have a nice day
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    BillJonesBillJones Posts: 35,810 ✭✭✭✭✭


    << <i>Darn near a Hubble photo of the slab.


    MORON seller meets MORON buyer. They deserve each other. >>

    '

    No, I think that there is only ONE moron in this auction. The seller knows exactly what he's offering. Snake oil in a SEGS holder.image
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    DMWJRDMWJR Posts: 6,096 ✭✭✭✭✭


    << <i>Darn near a Hubble photo of the slab.


    MORON seller meets MORON buyer. They deserve each other. >>



    image
    Doug
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    streeterstreeter Posts: 4,312 ✭✭✭✭✭
    Bill,


    My brain is not working......MORON seller ......meant he is TOTALLY STUPID with regard to ethical standards. Obviously the seller is a charlatan.

    It just sounded better as ....MORON meets MORON.image

    http://www.fdnylodd.com/BloodofHeroes.html
    Have a nice day
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    BillJonesBillJones Posts: 35,810 ✭✭✭✭✭


    << <i>Bill,


    My brain is not working......MORON seller ......meant he is TOTALLY STUPID with regard to ethical standards. Obviously the seller is a charlatan.

    It just sounded better as ....MORON meets MORON.image >>



    I think I'd use the word Slippery. He's out to catch the stupid and the naive and he doesn't give a damn about ethics ... or the hobby for that matter image

    "Take the money and run"
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    coinguy1coinguy1 Posts: 13,484 ✭✭✭
    I see that the seller has the word "replica" included in a number of his current listing titles. It appears that someone got through to him.

    See here: a current listing using the word "replica"

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