Home U.S. Coin Forum

Old morgan CC roll on ebay, comments?

2»

Comments

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    If buyers are dumb enough to buy these rolls they may just be dumb enough to not open them for fear of "ruining" the originality of a sealed bank roll.

    One of the classic scams on ebay is to find a willing seller for your merchandise who knows nothing of what they are doing other than selling a product, shipping out the items, and collecting the checks. This way they are "morally" clear of any issues with the product they are selling. Often times the middleman is rewarded with a set percentage of everything that sells. The real owner of the coins gets to steer clear of any potential problems that might arise....including the police.

    I'm aware of an old time collector who has at least 2 orig rolls of BU 1889-cc Morgans. They are the real deal.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold


  • << <i>Hardway, are you talking about your ex-husband?

    someone from your camp bought alot of Morgans and now another seller is selling similar rolls


    if your ex-husband owes you a years child support, why would you buy a few thousand dollars in coins for him?


    I am not trying to bash you or anyone you know, but am just curious
    especially since you said you know very little about the coin market


    I personally try not to put much money into any market I know little about >>



    I'm talking about my ex-husband and his friend the "coin guy". I didn't put any money into it, just a lot of time (taking pictures, creating listings, and now dealing with unhappy buyers). I didn't buy the coins, the guy asked me to bid on some things for him, then when it came time to pay for it, it took me 3 days of hounding him to get the money from him, but I did get it.

    I asked several times if everything was legit and above-board, and I was adamant that I didn't want to be involved in anything shady. But I guess that's where gullibility comes into it, because I should have known better than to trust him to be honest with me. So now, if I have to return any of the rolls I'm sure I'll have a great time getting the money from either one of them so I can give refunds.


  • << <i>If buyers are dumb enough to buy these rolls they may just be dumb enough to not open them for fear of "ruining" the originality of a sealed bank roll.

    One of the classic scams on ebay is to find a willing seller for your merchandise who knows nothing of what they are doing other than selling a product, shipping out the items, and collecting the checks. This way they are "morally" clear of any issues with the product they are selling. Often times the middleman is rewarded with a set percentage of everything that sells. The real owner of the coins gets to steer clear of any potential problems that might arise....including the police.

    I'm aware of an old time collector who has at least 2 orig rolls of BU 1889-cc Morgans. They are the real deal.

    roadrunner >>


    And what if when the "willing seller" finds out about the scam isn't happy about being used to steal from people and wants to do something about it? What can be done then? I feel morally obligated to inform the buyers of what I've learned, but I don't think I'll be able to get the money back from these people to refund it.
  • telephoto1telephoto1 Posts: 4,947 ✭✭✭✭✭
    HardWay, this is a big problem waiting to happen in my opinion. There's no way the subject roll can be original and most likely it has non-CC coins in the center with 2 problem CCs on either end. Remember, it's YOUR account and ebay rep that willl be damaged and potentially gone once these deals start going bad, and I'm sorry, but they likely will. This is the ebay equivalent of co-signing a bad loan. When it goes bad, you are the one that will be eating the problems, not him. Let your ex deal with the listing and selling, and then when he gets paid, hit him up for the back child support he lawfully owes you under threat of litigation. Just my humble opinion.

    RIP Mom- 1932-2012
  • BXBOY143BXBOY143 Posts: 1,110 ✭✭


    << <i>

    << <i>I found a State Bank and Trust of Carson City
    from 1904 to 1907 ->

    The Carson City Savings Bank was incorporated in 1875, when local businessmen saw a need for banking in Carson City, Nevada,
    particularly after the opening of the US Mint in 1869. The bank became the Bullion and Exchange Bank in 1882. With the decline in mining
    and reductions in development, the Bullion and Exchange Bank was restructured into the State Bank and Trust Company in 1903, failing by
    1907. In turn, each of the three banks served the growing population of Carson City by providing banking services and dealing in mining
    stock


    but I still do not think paper rolls like that were around in 1907 >>



    image >>





    image nice peice of paper there! are those rare or easy to comeby very interesting peice image


    -Paul
  • There's historical evidence that this bank existed along with notes and news taken from carson city folk themselves during the years of the bank's activity.

    http://www.google.com/search?q=Carson+City+Trust+Bank+History,+Carson+City,+Nevada&hl=en&client=safari&sa=X&tbo=p&rls=en&tbs=tl:1,tll:1892,tlh:1893&ei=g0upS8bZN4SqtgO87ZS4AQ&oi=timeline_histogram_main&ct=timeline-histogram&cd=7&ved=0CIcBEMkBKAc

    You can scan and search for the exact dates when the bank had opened and was shut down. Gotta love google.
  • Steve27Steve27 Posts: 13,275 ✭✭✭
    Your first post, and you have to revive a dead thread?
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • I did another first post, but it didn't post... It took about 5min to load and wouldn't allow me to post for a second time. I also can't find the original post. I think I may have to go for a 3rd attempt.
  • This is NOT a bump, but to let every one know that someone on eBay is selling these rolls again! A client of mine bought one about two weeks ago on eBay for $3800. The end coin was 1878-CC in AU. The rest of the coins were AUs. He bought me the paper roll it's self since he knows that I'm a Nevada history bank nut. The heavy paper is nice, fells right, but the bank name was done by ink-jet and the image of what looks like a bank note is from a stock certificate from the Carson City Savings Bank which was before the State Bank and Trust Co.

    So... as the old saying goes.... If it's too good to be true.... you know the rest!

    Don't be fooled, these are real coins in fake rolls. Don't buy them or you will be burned!

    AJ
    In 30+ years I have done nothing positive for the hobby because I'm lazy!

    --------

    Collector of paper money since 1985.

    California & Nevada National Bank "Guru" per Peter Huntoon

    ANA Intern 1990.

    Former member Board of Governors of SPMC.

    Life member SPMC 126

    Life member ANA 4592

    IBNS, FUN, CSNA, NASC, CSNS, etc



  • << <i>This is NOT a bump, but to let every one know that someone on eBay is selling these rolls again! A client of mine bought one about two weeks ago on eBay for $3800. The end coin was 1878-CC in AU. The rest of the coins were AUs. He bought me the paper roll it's self since he knows that I'm a Nevada history bank nut. The heavy paper is nice, fells right, but the bank name was done by ink-jet and the image of what looks like a bank note is from a stock certificate from the Carson City Savings Bank which was before the State Bank and Trust Co.

    So... as the old saying goes.... If it's too good to be true.... you know the rest!

    Don't be fooled, these are real coins in fake rolls. Don't buy them or you will be burned!



    How did you remember this thread, it was over 7 months ago?

    AJ >>

    Positive:
    BST Transactions: DonnyJf, MrOrganic, Justanothercoinaddict, Fivecents, Slq, Jdimmick,
    Robb, Tee135, Ibzman350, Mercfan, Outhaul, Erickso1, Cugamongacoins, Indiananationals, Wayne Herndon

    Negative BST Transactions:
  • I missed this thread the first time around, but in my humble opinion... I bet dollars to donuts that HardWay is a dude. No woman talks about their deadbeat ex like that, and the child support bit strikes me as a con man's sympathy ploy. "Split the money with him, of course..." yeah, right! First, if any part of this story was true, the woman wouldn't feel the need to justify herself here, and she sure as hell wouldn't spit jack with her deadbeat ex. This seems more like a deadbeat dad's self-deluding fantasy, thinking that the ex wife that he treats like crap really would have a little joint venture playing coins with him, like she's fine with him checking out on his real responsibilities, it's no big deal, and thinking that she talks about him respectfully. In reality, she's talking crap about him to everyone who will listen, telling their kids on a daily basis what a loser he is; the kids have moved on and call the new boyfriend "daddy;" and if the pretend-I'm-a-chick-on-e-bay-and-doesn't-have-a-real-job ex-husband ever found himself in front of ex-wife, she wouldn't wait a single second before stabbing him in the groin. All just my opinion, of course... image

    Also, why does anyone think that the coins in the middle of the roll are constant? Nothing stops a seller from putting better coins in the roll if the price realized is astronomical, or worse coins in the roll if somehow all the gullible bidiots on ebay were miraculously aslseep and the price realized was low. If you had the balls to do it, and if you confirmed your credit card's policies, it would be funny (and highly unethical - I don't recommend this - it's a joke) to bid a fortune for the roll, carefully open it and replace whatever is inside with even worse coins, and then return it based on your credit card's/ebay's/paypal's "not as described" rules. The seller would have a fit, because he'd know you switched the coins, but according to his own listing, the roll was unopened, etc., so what does he do? image
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    So maybe someone with the time to eventually file a SNAD should buy one, assuming that returns are not allowed. Please report back here after doing so image
  • Just researched it after the guy left the shop on the boards since I know how the boards can be.

    I didn't get the dates, but he told me it was a big loss for him. $1300 worth of coins if he was lucky!

    AJ
    In 30+ years I have done nothing positive for the hobby because I'm lazy!

    --------

    Collector of paper money since 1985.

    California & Nevada National Bank "Guru" per Peter Huntoon

    ANA Intern 1990.

    Former member Board of Governors of SPMC.

    Life member SPMC 126

    Life member ANA 4592

    IBNS, FUN, CSNA, NASC, CSNS, etc

  • someone selling these again
  • MsMorrisineMsMorrisine Posts: 34,621 ✭✭✭✭✭


    << <i>This is NOT a bump, but to let every one know that someone on eBay is selling these rolls again! A client of mine bought one about two weeks ago on eBay for $3800. The end coin was 1878-CC in AU. The rest of the coins were AUs. He bought me the paper roll it's self since he knows that I'm a Nevada history bank nut. The heavy paper is nice, fells right, but the bank name was done by ink-jet and the image of what looks like a bank note is from a stock certificate from the Carson City Savings Bank which was before the State Bank and Trust Co.

    So... as the old saying goes.... If it's too good to be true.... you know the rest!

    Don't be fooled, these are real coins in fake rolls. Don't buy them or you will be burned! >>




    Fascinating story from a person with first hand knowledge of the rolls.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 34,621 ✭✭✭✭✭


    << <i>look at the sellers bidding history ->

    In some cases, sclest1( 29) may no longer be the high bidder.

    1 - 14 of 14 total. Click on the column headers to sort

    Item Start End Price Title High Bidder Seller
    180445672058 Dec-14-09 Dec-19-09 15:15:29 US $10.39 UFC TAPOUT (XBOX) * FAST SHIP Purchased on:
    Dec-19-09 15:15:28
    See All Buyers marsjuegosvideo
    200408190414 Nov-19-09 Nov-24-09 19:06:33 US $670.00 ORIGINAL ROLL 1886-P MORGAN SILVER DOLLARS CH/GEM BU sclest1 (*) hsturn
    200408191694 Nov-19-09 Nov-24-09 19:03:46 US $689.00 ORIGINAL ROLL 1885-P MORGAN SILVER DOLLARS CH/GEM BU sclest1 (*) hsturn
    200408586276 Nov-20-09 Nov-25-09 20:09:20 US $1,063.88 ORIGINAL ROLL 1878-S MORGAN DOLLARS.. CH/GEM BU sclest1 (*) hsturn
    200409919296 Nov-23-09 Nov-24-09 19:48:40 US $720.00 ORIGINAL ROLL 1889-P MORGAN SILVER DOLLARS CH/GEM BU sclest1 (*) hsturn
    200409919319 Nov-23-09 Nov-24-09 19:54:16 US $595.01 ORIGINAL ROLL 1896-P MORGAN SILVER DOLLARS CH/GEM BU... sclest1 (*) hsturn
    200410292939 Nov-24-09 Nov-27-09 19:30:43 US $1,152.00 ORIGINAL ROLL 1879-S MORGAN DOLLARS CH/GEM BU PROOFLIKE sclest1 (*) hsturn
    250534231403 Nov-20-09 Nov-23-09 19:08:48 US $599.95 (1880 - 1902) MORGAN SILVER DOLLAR Roll (20) CH/GEM BU Purchased on:
    Nov-23-09 19:08:48
    See All Buyers msiegel2009
    250534235640 Nov-20-09 Nov-23-09 19:10:48 US $599.95 (1879- 1900) MORGAN SILVER DOLLAR Roll (20) CH/GEM BU Purchased on:
    Nov-23-09 19:10:47
    See All Buyers msiegel2009
    250536177279 Nov-23-09 Nov-23-09 19:53:19 US $599.95 1889-P MORGAN SILVER DOLLAR Roll (20) CH/GEM BU Purchased on:
    Nov-23-09 19:53:19
    See All Buyers msiegel2009
    360209627675 Nov-19-09 Nov-24-09 19:00:14 US $575.00 ORIGINAL ROLL 1883-0 MORGAN SILVER DOLLARS ..CH/GEM BU sclest1 (*) hsturn
    360211098110 Nov-23-09 Nov-24-09 20:06:43 US $453.00 ORIGINAL ROLL 1921-P MORGAN SILVER DOLLARS.. CH/GEM BU sclest1 (*) hsturn
    400087645937 Nov-24-09 Nov-27-09 18:00:57 US $757.51 ORIGINAL ROLL 1881-S MORGAN DOLLARS CH/GEM BU PROOFLIKE sclest1 (*) hsturn
    400088073851 Nov-26-09 Nov-27-09 20:00:36 US $601.00 ORIGINAL ROLL 1889-P MORGAN SILVER DOLLARS CH/GEM BU sclest1 (*) hsturn >>




    fascinating facts.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 34,621 ✭✭✭✭✭


    << <i>There's historical evidence that this bank existed along with notes and news taken from carson city folk themselves during the years of the bank's activity.

    http://www.google.com/search?q=Carson+City+Trust+Bank+History,+Carson+City,+Nevada&hl=en&client=safari&sa=X&tbo=p&rls=en&tbs=tl:1,tll:1892,tlh:1893&ei=g0upS8bZN4SqtgO87ZS4AQ&oi=timeline_histogram_main&ct=timeline-histogram&cd=7&ved=0CIcBEMkBKAc

    You can scan and search for the exact dates when the bank had opened and was shut down. Gotta love google. >>




    Such a staunch supporter....


    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • The seller has been at it again and a search for completed listings on eBay, looking for "CARSON CITY, NV Bank Roll", looking at completed listings, will tell you that just one seller is a crook. Furthermore, going back through his feedback tells you that this has been very lucrative for him.

    Of course, the bank does not exist but here are the empty rolls, on offer from a Chinese crook:

    http://www.ioffer.com/w/1640062

    I have tipped off all of the recent buyers that I could identify, to tell them that they are fraud victims.

    One of these spent $6,376 on the roll, which showed CC Morgans at both ends. He bought this to donate to a charity auction to benefit children's charities and was horrified by what I told him.

    He contacted the seller who in one email said:

    "There are a number out there of people who doubt the items. These items are not authenicated and are completely speculative. Last year, a company in china scraped and copied my images from ebay and reused them in violation of copyright which caused considerable confusion. I do not know how they get their information but there is information about the bank at the UC Berkeley archive library and a few other universities. Several ebay users have embarked in this tactic in the past. Ebay is fully aware of these users and have kicked some of them off.

    I am a consignment seller. I sell items that are consigned to me.

    I have a return policy if you uncomfortable with the purchase. If you want to return just return it for full refund in its original condition unopened."

    This seller has cancelled his most recent fraudulent listing but in the meantime, this particular roll was opened revealing:

    1880-S x 7
    1880-O x 2
    1882-CC x 1
    1884-CC x 1
    1885 x 1
    1887 x 1
    1898-O x 2
    1883-O x 1
    1882-S x 1
    1881-S x 1
    1904-O x 2

    So, the seller put common Carson City Morgans at each end of the roll which he filled with other common dates. Even if all are MS60, this is only about $1,500 worth of coins and a disgraceful scam, particularly in these circumstances.
    Trust Occam's Razor
  • A search among completed "Morgan Roll" listings reveals that a fake $10 roll sold for $3,051.02.

    Once again, the buyer - who, incredibly left positive feedback - commented that all the dollars in the centre were 1898-O!

    I have also tipped off this buyer that he is a fraud victim.
    Trust Occam's Razor
  • johnny9434johnny9434 Posts: 28,948 ✭✭✭✭✭
    fleebay says it got pulled
  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭


    << <i>fleebay says it got pulled >>



    i should hope so the thread is from:

    Saturday December 19, 2009 11:00 AM
    .

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -



  • << <i>

    << <i>fleebay says it got pulled >>



    i should hope so the thread is from:

    Saturday December 19, 2009 11:00 AM
    . >>



    The reason I posted in this thread is because these are recent, June 2012, listings!
    Trust Occam's Razor
  • The scam is run by an asian street gang based in san francisco
    Just an FYI
  • morgansforevermorgansforever Posts: 8,465 ✭✭✭✭✭
    These ultra rare rolls have been sold for years. One seller had multiple rolls for sale every week for at least a year.
    Certainly not collectors buying these, must be people with unlimited funds and little between the ears.
    I still don't know how he or she was able to pull this off for so long. To each his own,
    Scott
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • copperhuntercopperhunter Posts: 925 ✭✭✭
    Yes it is a scam and the bidders should know better!
  • BanemorthBanemorth Posts: 986 ✭✭✭


    << <i>Yes it is a scam and the bidders should know better! >>



    But many don't image
    Justin From Jersey

    Successful Transactions With: JoeLewis, Mkman123, Harry779, Grote15, gdavis70, Kryptonitecomics
  • MsMorrisineMsMorrisine Posts: 34,621 ✭✭✭✭✭


    << <i>The seller has been at it again and a search for completed listings on eBay, looking for "CARSON CITY, NV Bank Roll", looking at completed listings, will tell you that just one seller is a crook. Furthermore, going back through his feedback tells you that this has been very lucrative for him.

    Of course, the bank does not exist but here are the empty rolls, on offer from a Chinese crook:

    http://www.ioffer.com/w/1640062

    I have tipped off all of the recent buyers that I could identify, to tell them that they are fraud victims.

    One of these spent $6,376 on the roll, which showed CC Morgans at both ends. He bought this to donate to a charity auction to benefit children's charities and was horrified by what I told him.

    He contacted the seller who in one email said:

    "There are a number out there of people who doubt the items. These items are not authenicated and are completely speculative. Last year, a company in china scraped and copied my images from ebay and reused them in violation of copyright which caused considerable confusion. I do not know how they get their information but there is information about the bank at the UC Berkeley archive library and a few other universities. Several ebay users have embarked in this tactic in the past. Ebay is fully aware of these users and have kicked some of them off.

    I am a consignment seller. I sell items that are consigned to me.

    I have a return policy if you uncomfortable with the purchase. If you want to return just return it for full refund in its original condition unopened."

    This seller has cancelled his most recent fraudulent listing but in the meantime, this particular roll was opened revealing:

    1880-S x 7
    1880-O x 2
    1882-CC x 1
    1884-CC x 1
    1885 x 1
    1887 x 1
    1898-O x 2
    1883-O x 1
    1882-S x 1
    1881-S x 1
    1904-O x 2

    So, the seller put common Carson City Morgans at each end of the roll which he filled with other common dates. Even if all are MS60, this is only about $1,500 worth of coins and a disgraceful scam, particularly in these circumstances. >>





    this seller is nbconsignservices


    with an unusually high percentage of tail-tail rolls.

    H-H
    H-T
    T-H
    T-T

    So, T-T should be about 25%


    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file