What should I do??

19Lyds · September 25, 2008 7:19AM

I received the following question on an auction for the following coin:

" Q: Hi- If I send this to NGC and it comes back "environmental damage" (i.e. a coin doctored to look sintered) would you give me my money back?! I'm asking because of the 5 sintered coins I've bought on eBay, 4 of them were fakes. Thanks! -Robin"

I would like to take Robin up on the offer but how would I know that the above coin was what was submitted? How would I know or be able to prove anything?

Yet, I feel an obligation to respond as the coin is genuine and I do not want to answer in such a way that would give any cause for suspicion.

Thoughts?

UtahCoin · September 25, 2008 7:21AM

Both you and the buyer have legitimate concerns. To solve this, why not submit it yourself?

Barndog · September 25, 2008 7:22AM

I agree with UtahCoin on this one

Casman · September 25, 2008 7:25AM

I'd submit it as well...

kieferscoins · September 25, 2008 7:29AM

Thats part of the game with raw sintered coins. Buy it and try it. Its easy to tell fake from real and yours is a nice darkly sintered piece. In a MS 65 holder this is easily a $75 coin.

Having said all that I would not waste the time giving him a guarantee. Just the normal 7 day return like everything else. He gets burned that often maybe he should learn the real from the fake or stick to certified coins.

Cameron Kiefer

JustaRookie · September 25, 2008 7:46AM

Ok, now here is one instance that I feel I can provide some valuable input to. There are 2 questions/points that need to be raised with the potential purchaser of the coins in order to set expectations and complete a transaction that will be somewhat amicable. Here they are-

1) If the buyer agrees and you have the necessary requirements fulfilled-offer to submit the coins provided that he sends the submission fees to you prior to submission with the stiputlation that if the coin/s come back as feared then you will void the transactiion and refund only his orignal purchase price yet he will need to absord the grading submission costs regardless of the outcome from NGC.

2) Politely decline his/her conditions and convey that your auction terms specified are true and genuine regardless of what any TPG may grade them as we all know that grading is subjective.

These are not high dollar coins and IMO will not grade at a level that will put them in that arena as far as moderns are concerned.

As a side note-I have, as well as many others here, experienced genuinely toned coins being returned as AT when coins that are known AT come back slabbed.

19Lyds · September 25, 2008 8:17AM

I responded with a polite "no can do" and pointed out my return policy, suggesting a comparison of the bodybagged coins with what was won in the auction.

I feel sorry for the bidder having gotten burned before. Perhaps he/she bought one of these?

kieferscoins · September 25, 2008 8:20AM

Yep thats a bad one. Sintered planchets arent that dark in general or especially on the rims like those coins....burned in the over or some other type of heat.

Cameron Kiefer

gecko109 · September 25, 2008 8:28AM

I did that once on a raw set of 1990 platinum pandas. I asked the seller if he would refund my purchase price if they were not genuine but told him I didnt care what numeric grade they got. I got no reply....I passed.

19Lyds · September 25, 2008 8:34AM

<< <i>Yep thats a bad one. Sintered planchets arent that dark in general or especially on the rims like those coins....burned in the over or some other type of heat.

Cameron Kiefer >>

Actually, in my model train days, I can recall seeing the Brass HO trains at the hobby store and always wondered why somebody would pay $1,000 for a train that was made of brass! I mean, real trains are black!

Two reasons,

1. Brass allows much greater and finer detail than cast or plastic ever will.

2. Brass can be painted with a chemical "blackener" which will turn the metal a nice even dull black.

I suspect that the coins in the above quoted auction have been artificially "blackened".

airplanenut · September 25, 2008 9:36AM

Offer this: you send the coin in for him, he pays for the coin and the grading fees. Alternatively, you could find a dealer who would broker this for a slight commission; you send the dealer the coin and when it comes back, he ships it based on how it graded.

drwstr123 · September 25, 2008 9:45AM

Reply that he's been 'BLOCKED'.

Manorcourtman · September 25, 2008 10:05AM

<< <i>I responded with a polite "no can do" and pointed out my return policy, suggesting a comparison of the bodybagged coins with what was won in the auction.

I feel sorry for the bidder having gotten burned before. Perhaps he/she bought one of these? >>

Those are not sintered they are bar-b-qued!! What a dam shame they are being passed off as real by that scam grading service.

Cladiator · September 25, 2008 10:06AM

<< <i>What should I do?? >>

No idea but I'm orderin' a pizza!

cinman14 · September 25, 2008 10:21AM

SGS.....

That alone should have been reason enough to RUN

If the coin would bring a higher price worthy of sending in. Cancel the auction and send it in.

What should I do??

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