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How NOT to list on - ebay1916s USPI 5 Ctvs (UPDATE)
IloiloKano
Posts: 1,051
The seller of this lot got lucky, since apparently there were two of us who took the time to check, but if the other person (whoever that may be) did not catch it, I would have gotten a $60 coin for $5 and change.
Edited April 6th to add...
I guess it is MORE than a $60 coin.
Here is how he listed the lot: Phillipine Coins - United States of America
That attention grabber was paired with this Search Results picture:
And the two pictures on his auction page (FULL SIZE) looked like this...
In addition, he listed this auction with User ID kept private while sporting zero feedback, and if that didn't instill confidence, two of his other listings used the exact same picture when he first put them up. I noticed he took one of them down later.
Despite all the red flags, if you looked very closely at the blurry far right coin in his teeny-tiny picture, you can barely make out that the 2 by 2 says, "5 centavos 1916S", and his brief description confirms it.
The 1916-S 5 Centavos had a mintage of just 300,000, and it is the second rarest of the series, (next to the extremely rare 1918s 5 Centavos MULE).
So I asked if he would send me a larger image by email in order to better judge condition, and he sent the following, (which I rotated, cropped and auto-leveled with Photoshop).
It's still blury and a generally poor quality image, but it was enough for me to determine it was a $60 coin. The other two coins were of no consequence, as the 1916s 20 Centavos is worth less than $10, and the other is pratically worthless except for silver content. I'll probably dump them both for $8.66 (there's a reason for that odd amount). As I said, he got lucky, and though I would have been a lot happier winning the lot for less than $6, I am still okay with what I finally paid - $38.66 TOTAL.
UPDATE
After several acetone soaks, I finally got around to photographing this coin. The reason for numerous acetone soaks was because the first removed so much gunk (PVC residue? I think so), that I decided to continue until nothing more came off. Here's the result after the acetone soaks.
If this was a bronze, I'd dip it in olive oil. Does anyone think that would be neccessary or of help with a 75% copper 25% nickel coin?
Edited April 6th to add...
I guess it is MORE than a $60 coin.
Here is how he listed the lot: Phillipine Coins - United States of America
That attention grabber was paired with this Search Results picture:
And the two pictures on his auction page (FULL SIZE) looked like this...
In addition, he listed this auction with User ID kept private while sporting zero feedback, and if that didn't instill confidence, two of his other listings used the exact same picture when he first put them up. I noticed he took one of them down later.
Despite all the red flags, if you looked very closely at the blurry far right coin in his teeny-tiny picture, you can barely make out that the 2 by 2 says, "5 centavos 1916S", and his brief description confirms it.
The 1916-S 5 Centavos had a mintage of just 300,000, and it is the second rarest of the series, (next to the extremely rare 1918s 5 Centavos MULE).
So I asked if he would send me a larger image by email in order to better judge condition, and he sent the following, (which I rotated, cropped and auto-leveled with Photoshop).
It's still blury and a generally poor quality image, but it was enough for me to determine it was a $60 coin. The other two coins were of no consequence, as the 1916s 20 Centavos is worth less than $10, and the other is pratically worthless except for silver content. I'll probably dump them both for $8.66 (there's a reason for that odd amount). As I said, he got lucky, and though I would have been a lot happier winning the lot for less than $6, I am still okay with what I finally paid - $38.66 TOTAL.
UPDATE
After several acetone soaks, I finally got around to photographing this coin. The reason for numerous acetone soaks was because the first removed so much gunk (PVC residue? I think so), that I decided to continue until nothing more came off. Here's the result after the acetone soaks.
If this was a bronze, I'd dip it in olive oil. Does anyone think that would be neccessary or of help with a 75% copper 25% nickel coin?
0
Comments
My wantlist & references
I'm happy.
1. The oil would finish neutralizing (sp) the greenies
2. The washed out look would be gone
Life member #369 of the Royal Canadian Numismatic Association
Member of Canadian Association of Token Collectors
Collector of:
Canadian coins and pre-confederation tokens
Darkside proof/mint sets dated 1960
My Ebay
<< <i>Edited original post to add link to coin in comparable condition with price now exceeding my estimate of it being a $60 coin.
I'm happy. >>
How much do you think an original MS-60 goes for these days?
I have one I'm thinking about selling.
Thanks.
<< <i>How much do you think an original MS-60 goes for these days?
I have one I'm thinking about selling.
Thanks. >>
That depends upon whether or not you are going to sell it to me , in which case I'd say about $300 .
Otherwise, up to $550 if raw and perhaps $600 (or more) if PCGS or NGC Certified.
Searching Heritage auction archives, I found...
One Fine (sold as part of a group of several coins, so that price is meaningless),One PCGS MS-63 (which bidding did not meet the reserve - the high bid was not posted), and One PCGS MS-64 (which sold in 2004 for $2,760).
For MS-60, both Allen and the Red Book agree at $550. In MS-63 they diverge a bit, with Allen at $1,500 and Red Book at $1,200. In MS-65 only Allen quotes a price at $4,000. It should be noted that Lyman Allen doesn't just pull these values out of thin air, rather they are based upon actual sales, whether through dealers, auctions or private transactions, which he gets through various sources and records. So for MS-60 and above, I believe his figures should carry more weight.I have $300 (plus) right now in a PayPal account, and it can be yours if you decide to sell to me.
That account is funded for another coin, on which I plan a very aggressive bid, but I'd much rather have yours!
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Complete US-PHIL Coins for Sale, Circulation Strikes 1903-1945
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Complete US-PHIL Coins for Sale, Circulation Strikes 1903-1945
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Complete US-PHIL Coins for Sale, Circulation Strikes 1903-1945