1895 P Morgan on Ebay ????

CarsonCityGold · January 27, 2006 6:45AM

Here's someones auction for an 1895 P Morgan

Nice Pictures.
You just have to love Ebay!!!

1895 Morgan on Ebay

Bailey1977 · January 27, 2006 6:48AM

1985ChicagoBears · January 27, 2006 7:59AM

a raw 1895 Morgan Proof -- I wouldn't touch this with a 10 foot pole.

too much downside risk here especially if seller is "only" starting at $5,000.

WillieBoyd2 · January 27, 2006 8:05AM

"so bid often"

lordmarcovan · January 27, 2006 8:09AM

Oh, yeah. That really looks like a proof.

rhedden · January 27, 2006 8:24AM

C'mon guys, you know it's not a proof, it's the one and only known 1895 business strike. You can verify its authenticity easily from the high-resolution image. The seller must have spent months getting that high-quality photo. He's even protecting your identity so people won't know how filthy rich you are. How can you miss?

coinguy1 · January 28, 2006 5:54AM

As per my comments in another thread (about being nice to people):

It might very well be a scam - the initial images were fuzzy, bidder's identities are being kept private, the coin is uncertified, most Proof 1895 dollars aren't that heavily circulated, etc. However....

I have been in touch with the seller, who apparently has received some very rude emails (one or more of which I am guessing were from forum members). After I told her that her listing looked suspicious and my reasons for thinking it, she added clearer images to her listing and sounds as if she is on the up and up.

While I realize that the chances of the coin being an authentic 1895 Morgan dollar are extremely remote - at quick glance the "5" in the date looks wrong and I see no evidence that the coin was struck as a Proof - I don't think the seller is a scammer. I think she believes she has a genuine 1895 dollar.

Perhaps I'm wrong, as I often am. However, as long as it doesn't harm me, financially or otherwise, I'd rather give someone the benefit of the doubt and be wrong, than assume (and treat them as if) they are a scammer, a troll, etc. and be wrong about that.

Russ · January 28, 2006 5:58AM

Is that a shadow of an O?

Russ, NCNE

Myqqy · January 28, 2006 6:01AM

If the rude emails continue, I will just have to take my chances with the local coin dealers.

I would love to hear how those visits go!

DennisH · January 28, 2006 6:02AM

Mark:

I agree that the 5 looks immediately wrong, and the surfaces look like nothing other than a business strike.

segoja · January 28, 2006 6:36AM

Lets see:

No returns

$50 insurance

Bidder ID kept private

At least you can pay with paypal

Man oh man...another one

Where are these guys on my legit auctions???

rhedden · January 30, 2006 1:58AM

Update: coin is at $5,850 and climbing. Seller now offers a refund if it's not as described. It will be interesting to see where this one ends up.

BillJones · January 30, 2006 2:29AM

Looks like a nice scrape job to me, right where the "O" was once a lot stronger.

But for those with more money to than brains, it's one of the long lost 12,000 business strikes that have yet to see the light of day, and in all likelihood, never will.

DoctorPaper · January 30, 2006 2:52AM

Here's where the seller got the coin. It was previously identified as a '95-O.
LINKY

granddad · January 30, 2006 3:07AM

Doctorpaper, I don't think that is the same coin.

Have a Great Day!
Louis

rhedden · January 30, 2006 3:27AM

I also think it's a different coin, but it looks like the seller "riofresh" does buy 1895 silver dollars with removed mint marks. Circumstantial evidence, yes, but it's not helping the seller's credibility.

ExtraordinaryCoins · January 30, 2006 3:27AM

I don't think it is the same coin either, but certainly would make me very worried if I was a bidder.

FYI PCGS has graded 68 coins below PF60 including 17 at VG to VF, so the wear on this coin if it is authentic is not completely out of the ordinary.

But bidders are taking a huge risk even at $5k in my opinion.

BillJones · January 30, 2006 4:12AM

Most people don't sell $20,000 + coins for $5,000.

Even if neither PCGS nor NGC would grade it, it would be worth that in a SEGS holder.

Coindexter · January 30, 2006 4:19AM

<< Is that a shadow of an O? >>

I think Russ might be on to something here.

ExtraordinaryCoins · January 30, 2006 4:22AM

Just for arguments sake lets assume the coin is the real deal, given the condition of the one on eBay, and that a PF61 sold for $18K in 2000 and a PF 64 sold for $24K in 2003, what do you think this coin is worth assuming the coin is in the vf + range?

MORGANHUNTER2 · January 30, 2006 4:43AM

Gotta love ebay and slime balls-

Russ hit this nice- take a good look at the hair above the ear- same obverse, take a look at the left wing (facing) same reverse, I captured all images the coin is not a plain 95 business- it's a 95-O.

rifresh could be in for some big trouble if he ships that out as a 95P- thats a fed offense- fraud can git ya locked up.

coinguy1 · January 30, 2006 5:11AM

<< Just for arguments sake lets assume the coin is the real deal, given the condition of the one on eBay, and that a PF61 sold for $18K in 2000 and a PF 64 sold for $24K in 2003, what do you think this coin is worth assuming the coin is in the vf + range? >>

I'm guessing that a genuine example in a respected grading company's holder would be worth roughly $15,000.

ExtraordinaryCoins · January 30, 2006 5:15AM

Seller is now cancelling bids, looks like there will not be a sale unless someone snipes it in the last few seconds.

BECOKA · January 30, 2006 5:21AM

7 bids as high as $14,000. All withdrawn or cancelled. The seller might as well stop the auction and try to get it authenticated by ANACS. Then there is a much better chance of actually making some real $$$. Otherwise it seems to be a waste of time and frustrating for the seller.

Russ · January 30, 2006 5:22AM

<< I don't think the seller is a scammer. I think she believes she has a genuine 1895 dollar. >>

Sorry, Mark, couldn't resist.

Russ, NCNE

MORGANHUNTER2 · January 30, 2006 5:26AM

I just offered him a $100.00 bucks for it just like it is. We shall see if he takes my offer.

I see it going to Anacs coming back- tooled, scratched and cleaned net F. 95-O

coinguy1 · January 30, 2006 5:32AM

<< I just offered him a $100.00 bucks for it just like it is.... >>

No you didn't! I think "him" is a "her".

<>

<<Sorry, Mark, couldn't resist.>>

No problem Russ. Fortunately, I had covered my butt by saying "Perhaps I'm wrong, as I often am" Whew!

ExtraordinaryCoins · January 30, 2006 5:34AM

BECOKA, eBay does not allow a seller to cancel an auction during the last 12 hours. So the seller is going to have to keep refreshing and then cancelling bids. What the seller can do is add additional text teller bidders that she will not honor any bids and will cancel any bids placed. But a sniper may still get a bid in the last few seconds.

1985ChicagoBears · January 30, 2006 6:00AM

The seller protests too much -- if he/she is going to send it to PCGS, then why not do this before the auction and get 3x+ the money.

I like many are too tired of hearing about grandmother's or grandfather's coins and what a great deal they are giving the public. If you read the other link where this seller might have gotten the coin, he/she references his/her grandmother/father too.

Everrybody has their opinion and I think this one stinks!!

BigE · January 30, 2006 7:20AM

She say she is sending it to pcgs, looks like it might BB for cleaning, someone should tell her to send it to ANACS, not that it matters anyway--------------BigE

TorinoCobra71 · January 30, 2006 7:29AM

This seller truely has no clue whatsoever, The Thing I liked about it was they said they were going to send it to PCGS to get certified. THen after a long talk with a "Knowledgeable Coin Collector" he said screw it, I will let the auction end and the person that buys it can send it to PCGS.......

The World Is REALLY an Amazing Place......

TorinoCobra71

majorbigtime · January 30, 2006 11:22AM

<< 

<< I don't think the seller is a scammer. I think she believes she has a genuine 1895 dollar. >>

Sorry, Mark, couldn't resist.

Russ, NCNE >>

Maybe it was "a legitimate estate auction"

Sorry devil man, I couldn't resist.

sweetwilliet · January 30, 2006 11:45AM

I don't think that the 2 coins listed are one in the same, there is no hit on the rim by the r in dollar on the reverse. The coin, however, in my opinion looks like an 1895 O with the o removed.

DoctorPaper · January 30, 2006 12:25PM

Yes, I agree, they don't seem to be the same coin. She should send it into ANACs and see what they say.

MORGANHUNTER2 · January 30, 2006 3:33PM

<>

No you didn't! I think "him" is a "her".

Well I did offer 'him' the 100, 'he' politely responded with a no thanks and then sent me an email stating that HE took it to a dealer and THEY did a visual, to find out that it is not a proof, nor was it a biz strike, and looks to be an O- definitely altered in the dealers opinion.
I sent an email back suggesting that HE send it to Anacs for attribution as to what it really is - S or an O.

What made you all think it was a female selling the coin- becuz they used the word 'bully'?

Mark- you are right about one thing- there are more than just a few who jump the gun and accuse before finding out facts- this is childish and even though the coin was altered- it was probably a few morons from here giving this person crap- and in all honesty- WE should quit while we are ahead- some day it will come back and haunt you.

I still offered the 100. waiting for a reply.

coinguy1 · January 30, 2006 11:46PM

MORGANHUNTEr2, I think I got the "her" either from an email or Ebay's contact information. I don't recall which. I'm glad you apparently got through to her - good job.

1895 P Morgan on Ebay ????

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