Why, Why, Why,
morgansforever
Posts: 8,447 ✭✭✭✭✭
Do people continue to pay over inflated prices, on junk, despite all the info on TPG's all over the Web?
We have a sub-culture, maybe in the 10's of thousands that are totally mislead.
This is not a 7, or a DMPL. It's a brilloed common date worth melt.
What will the look on their face be, when they make the trip to a B&M to liquidate? Shock -n- Awe?
NAC (not a certification)
Junkslablink
We have a sub-culture, maybe in the 10's of thousands that are totally mislead.
This is not a 7, or a DMPL. It's a brilloed common date worth melt.
What will the look on their face be, when they make the trip to a B&M to liquidate? Shock -n- Awe?
NAC (not a certification)
Junkslablink
World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
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Comments
along with properly graded raw coins, Daniel Carr's patterns and even GSA dollars... while allowing really abusive
junk like this to be listed -- at the same time "protecting" the bidders from being warned by hiding their IDs on ALL items.
Barry Stupler and others at the ANA seem proud of their improvements in eBay compared to 6 months ago.
<< <i>Ebay seems to have directed most of their effort toward eliminating PCI and SEGS slabs from the marketplace,
along with properly graded raw coins, Daniel Carr's patterns and even GSA dollars... while allowing really abusive
junk like this to be listed -- at the same time "protecting" the bidders from being warned by hiding their IDs on ALL items.
Barry Stupler and others at the ANA seem proud of their improvements in eBay compared to 6 months ago. >>
You seem to always tell it like it is Frank, thanks.
Chance favors the prepared mind.
<< <i>What will the look on their face be, when they make the trip to a B&M to liquidate? Shock -n- Awe? >>
Grading that coin a 67 is beyond ridiculous. I think this is why more and more dealers just decline to make any offer on certain items. If they offer anything, the customer is insulted and thinks the B&M person is trying to rip them. "$15? $15? I paid over $200 for this, you thief!" Have seen it happen when people try to sell the stuff they bought on the home shopping channels.
It is a mystery why you see stuff like that sell for far more than real value.
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.
It's a shame, that's for sure, but sometimes you just can't save people from themselves. Whoever bought it will just have to deal with it.
Is that sticker on the back from CAC?
A mystery, how about a phenomena.
When they find out the DMPL Morgan they paid $200 for is only worth .773 x spot,
they will leave the hobby with a nasty taste in their mouth.
Multiply this example times thousands, pretty disturbing.
It sure is similar. Another misleading component to the slab?
<< <i>Ebay seems to have directed most of their effort toward eliminating PCI and SEGS slabs from the marketplace,
along with properly graded raw coins, Daniel Carr's patterns and even GSA dollars... while allowing really abusive
junk like this to be listed -- at the same time "protecting" the bidders from being warned by hiding their IDs on ALL items.
Barry Stupler and others at the ANA seem proud of their improvements in eBay compared to 6 months ago. >>
"I am sorry you are unhappy with the care you recieved, is their anything I can do for you right now, how about some high speed lead therapy?" - A qoute from my wife's nursing forum
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." – Thomas Jefferson
I think you assume they entered Numismatics for the right reason in the first place. I think not.
1882 O DMPL MORGAN SILVER DOLLAR
OFFICALLY MINTED AT THE US MINT
ALMOST 126 YEARS OLD-OFFICIALLY MINTED AT THE US MINT
AT COINMADZ YOU ARE TREATED LIKE FAMILY!
COINMADZ IS A NAME YOU CAN TRUST – SATISFACTION IS ALWAYS GUARANTEED: 100% MONEY BACK!
FANTASTIC GIFT IDEA-GOLD GIFT BOX INCLUDED!
THE COIN IN THE PHOTOS IS THE ONE YOU WILL RECEIVE!
HERE IS WHAT YOU GET:
MS MORGAN DOLLAR
GOLD GIFT BOX SHOWN
VELVET GIFT BAG
SATISFACTION GUARANTEE
Excellent point, guess they weren't meant to collect in the first place.
<< <i>AT COINMADZ YOU ARE TREATED LIKE FAMILY! >>
Yeah, I know that feeling!
RJ
yep - just like the red-headed stepchild!
Total Copper Nutcase - African, British Ships, Channel Islands!!!
'Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup'
bob
I would be on eBay day and night pulling listings.
You had me up until that point. Why is it ok for a coin dealer or seller "take" a newbi? I dont get how some call this "paying dues"? Lets call it what it is, Fruad.
I agree that it is in the hands of the buyer to know what they are spending their money on, but come on.
This is population control. Stuff like this is the "natural disaster" of the coin market, that'll claim the weak or unprepared as victims. They'll pay moon money to a scammer, get mad at a real dealer when he gives them the bad news, and then they'll realize they've been made chumps by the time they go to their second or third real B&M dealers.
Like any natural disaster, it's sad, and we should try to minimize the damage, but a certain element will always be victims, I fear.
It's too bad, because the walking victims of frauds like this will spread their bitterness.
But otherwise, there would be a lot more folks in the hobby, most likely.
<< <i>
<< <i>AT COINMADZ YOU ARE TREATED LIKE FAMILY! >>
Yeah, I know that feeling!
Ha! yeah, not any family i wanna' be a part of.
"here at Coinmadz, we treat you like Family! You know, the kind of family you hear on the news that locks their family members in dog kennels and feeds them raw meat; and when you've had your fill of rancid meat, we'll take you in the back yard to hose you down and give you a good brillo scrub. Welcome!"
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>Why?...They are newcomers to buying coins, refuse to do their "homework", or are taken in by fancy ads......Still, things are improving from the past. The info is out there, easily availible, if people just take the time.....I and think most, need to pay some "dues" in the learning how to buy process >>
Gotta agree with coinlearner on that.
There's still an awful lot of snake oil out there, but we have at least distanced ourselves the bad old "sight-unseen" mailorder days.
Same crooks, different MO. At least now you can look at a picture of something like this before you buy.
What gets me is that these sellers seem to have no shame. Apparently being made a laughingstock doesn't bother them, because they know that for every person who laughs, there's a sucker who'll be taken in.
Didn't you say this in yesterdays thread?
<<<from elderly unknowing citizens at a major rip, then sell on fleabay for buckets of chedda.>>>
Double speak?
I truly feel sorry for these people that would like to collect, but just don't have a clue as to what they are doing and what they are spending their money on.
Thanks for posting...
Later, Paul.
Later, Paul.
it's hard to feel sorry for someone that refuses to educate themselves before making a stupid move..
NEGLINK
True, What's the name of those birds that gather shiny things to make their nests look attractive? People do the same thing in coins and used cars. There's a reason why used car dealers use lots of armor-all and car wax. Nice shiny things attract, pardon me...birdbrains.
<< <i><< AT COINMADZ YOU ARE TREATED LIKE FAMILY! >> >>
So what they are doing to you would then be considered incest?
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 don't like the way the ring shows through the translucent plastic, but the size is close enough to PCGS, I believe, that I would rather store some of my raw, but slightly higher end, coins in those than 2x2s or flips. As it is, I picked up a bunch of the old Anacs sized ones to use. I don't like them as much, but for the price, it was good.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Just a thanks? That all you got?
The name is LEE!
<< <i>How is this seller's feedback 100% when he's got negs?
NEGLINK >>
It's rounded up... if the FB is >99.95%, then it counts as 100%
How does NAC get away with this? How could eBay allow this?
<< <i>Is that sticker on the back from CAC? >>
You wouldn't believe how long it took to get him to sit still for this.
NUMISMATIC
AUTHENTICATION
COMPANY
STANDARDS
Shouldn't that read "LACK OF STANDARDS" on the slab.
That coin has been buffed so hard it no longer has the proper amount of silver left in it.
<< <i>If only I had the powers to pull listings... if only...
I would be on eBay day and night pulling listings. >>
One can dream...