Is this a questionable TeleTrade practice

Comments

• thelawnet Posts: 107

  January 12, 2009 6:43AM

  
  
  << <i>Today's auction 2639. World coin lots 1847 through 1852 and lots 1857 through 1863. These are all under the headings "Denmark Gold 10 Kroner or Denmark Gold 20 Kroner".
  
  Problem is, every one of these lots is an aluminum-bronze coin. There is one Denmark gold 20 kr piece, lot 1856.
  
  They do have related silver issues in a 'silver' category as well as another generic category.
  
  But it seems to me that putting aluminum bronze coins into a 'gold' heading is wrong.
  
  I sure hope nobody bids in a rush without knowing what those coins are. They do look like they could be gold in those TeleTrade pics.
  
  Anyone else think this is a problem? >>
  
  
  
  The title does say 'Gold', the coins are gold in colour, it's definitely a problem. It's not just a category, it's the title.

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• MacCrimmon Posts: 7,058 ✭✭✭

  January 12, 2009 8:28AM

  Those lots have been taken down by Teletrade. Probably a newbie mistake. The same person probably thinks Sac dollars are gold as well.

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• adamlaneus Posts: 6,969 ✭✭✭

  January 12, 2009 11:10AM

  Here is another one with a misleading title. "Est 1 oz gold"
  
  That estimate is a little high...0.7466 oz
  
  These folks should not be guessing when they do not know.
  
  I guess the lesson here is don't go into the Dark Side without some books!
  
  

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