6th 1913 Liberty Nickel found! Bust out your wallet.

Discussion in 'Coin Chat' started by gbroke, May 2, 2014.

Thread Status:
Not open for further replies.
  1. Troodon

    Troodon Coin Collector

    Um, there's no such thing as a 1918 V nickel. (My guess is it's probably an altered 1903 or completely fake from the get-go.)
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    "Common sense" does not equal frustration, sir. Is it really that hard for you to understand that just as a seller has a responsibility, so does a buyer? I could not care less about this seller or some schmoe hoping for the score of a lifetime; all comes down to principle, and if you wish the nail the seller for questionable practices, it's only fair to do the same for buyers. It's really a very simple point, dude.
     
  4. Endeavor

    Endeavor Well-Known Member

    I understand what you are saying. Please don't feel like I am arguing with you. Most times you would be right that it probably isn't worth bidding on. Most of the times it would be fake. A 1913 Liberty Nickel is an extraordinary coin however. For starters, most people can't even afford to bid $100k. This is a coin that if found to be real is valued at $1 million+. I don't think it's a bad "gamble" for someone who is wealthy. The risk isn't even that high for a wealthy person. The only thing they have to lose is the cost of authenticating coin. That probably won't cost more than $10,000, if that, [to fly an expert to the coin] which is nothing to a multimillionaire. The wealthy buyer also doesn't have to be worried about the seller swindling them out of any money because if it turns out to be fake the seller doesn't get any money. Only the coin expert that did their job and certified the coin as fake gets paid. Because it's so rare and so valuable is EXACTLY WHY YOU SHOULD BID ON IT. You being a wealthy person of course.
     
    Endeavor2 likes this.
  5. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    I agree. It all comes down to principle. When you post an item for sale that everyone knows is fraudulent the the principle is people are going to mess around with you. Take your "woe is me eBay seller" thing elsewhere. We are NOT talking about anything other then FRAUD. To state that buying principle needs to be applied in THIS case is absurd. Every principle has exceptions and you found this one here. Feel free to run up my item on eBay if I try to sell a us million dollar bill if the item is being presented as real.

    And if selling on eBay bothers you so much sell elsewhere. But stop telling us buyers that screwing with a clearly fraudulent item is wrong.
     
    Endeavor likes this.
  6. Endeavor

    Endeavor Well-Known Member

    Do you really believe that a buyer should just fork over that much money without having the coin checked? What world do you live in?
     
    Endeavor2 and Vegas Vic like this.
  7. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    Totally disagree. It all comes down to risk/reward. And there really is ZERO reward here.
     
  8. Endeavor

    Endeavor Well-Known Member

    I guess we'll just disagree that the reward is zero. My whole contention on this is that no one can say with complete certainty it is fake. I think the odds are very, very, very, very low that it is real, but I wouldn't discount it as zero.
     
    Endeavor2 likes this.
  9. Troodon

    Troodon Coin Collector

    Wealthy people didn't get wealthy by making sucker's bets like this. And if anyone owned a genuine example of this, I can say with nearly 100% certainty they wouldn't have it graded by INB and they wouldn't be selling it on eBay. Everybody's time is worth something, and to wealthy people their time is worth MORE to them, not LESS, than ours, of that I can assure you. Something like this has such an infinitesimal chance of being genuine it's not even worth the time to read the listing, much less click on the button, and certainly not worth flying out to see it which is almost 100% guaranteed to be a waste of time.

    And again, something like this, should be presumed to be fake until proven real, not the other way around. You say people haven't proven 100% sure it's fake. Prove to me it's 100% real or the coin isn't even worth talking about, much less bidding on. You seem to be looking at the situation exactly backwards IMO. This is a bad gamble. You're better off taking that money to a casino; your chance of coming out ahead is much better there.
     
  10. Troodon

    Troodon Coin Collector

    Beyond any shadow of a doubt, no. Beyond any REASONABLE doubt, yes, I and many others can say with that much certainty, yes it is fake. That's close enough to 0 to make it not worth bidding on. You seem to require an unreasonable standard of evidence IMO, and I know I've said this many times but apparently it bears repeating, if something this extremely rare shows up in a self-grader's slab on eBay, the default presumption should be that it's fake until proven otherwise, not that it's real until proven otherwise. You still may think nobody here has provided enough evidence to say 100% sure it's fake... but what evidence have you, or anyone else, provided that it's real?! Yeah, that's what I thought.
     
  11. Endeavor

    Endeavor Well-Known Member

    Okay. You know what... you're right. All of you are right. I'm wrong. And I'm an idiot. I'm an idiot that's wrong. That's what I am. How stupid of me to even think that it's not 100% fake by just looking at photos. Everyone can see that. Why couldn't I??? I guess it's cause I'm dumb. Quite frankly I'm surprised all of you kept replying to my dumb ass for so long. Oh well. I'll just keep my mouth shut and go hide in the corner. Bye
     
    Endeavor2 likes this.
  12. Troodon

    Troodon Coin Collector

    OK if we're going to nitpick about semantics lol... in this context people are using the term "real" in the sense that it is genuinely what the seller purports it to be. And by that definition, it most certainly isn't.
     
    Vegas Vic likes this.
  13. Troodon

    Troodon Coin Collector

    I think you finally understand that nobody here agrees with you, but you still don't understand why, or don't want to. I try to help people understand, really I do, but I can't teach someone who refuses to learn, especially when they refuse to admit they have anything to learn. You know what, I'll even concede you're point, it might be real. So might dragons and unicorns; I can't say 100% for sure that they aren't. But that's NOT HOW EVIDENCE WORKS. That's what I'm trying to get you to understand, and if you refuse to let that get through, I'm sorry, there's nothing else I can say to help you. Now excuse me, I have to go feed the purple dinosaur in my yard. You probably believe that's true, because you don't have the evidence to show 100% for sure that it isn't.
     
  14. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    I'd rather you continue actively posting. Even an inaccurate post will stimulate discussion that can increase knowledge for all.
     
  15. Endeavor

    Endeavor Well-Known Member

    Thank you for teaching me. I am so fortunate to have someone like you teach me. Thanks again.
     
    Endeavor2 likes this.
  16. Endeavor

    Endeavor Well-Known Member

    I don't think you understand that this isn't about being right or wrong. THERE IS NO RIGHT OR WRONG on this topic. My previous posts about being wrong were sarcastic remarks. If I wanted to take a chance on bidding on a fake 1913 Liberty Nickel in the hopes that the 0.00001% chance of it being real comes true, that's neither right or wrong. That's called my choice or opinion. Your choice/opinion might be that it is stupid. That's fine, it's still just an opinion. Neither is right nor wrong. If you and all the other sheep in this thread want to live your lives without taking any chances, that's not being wrong. That's a personal choice and preference. Capiche maestro?

    Speaking of opinions, I think your analogy on unicorns and dragons is ridiculously stupid. For starters, there are no dragons and unicorns on eBay. Nor has a dragon or unicorn ever been seen or made. The same cannot be said for a 1913 Liberty Nickel. 1913 Liberty Nickels are known to exist. They were made in a US Mint. BOOM!!
     
    Last edited: May 6, 2014
    Endeavor2 and jay4202472000 like this.
  17. CamaroDMD

    CamaroDMD [Insert Clever Title]

    I think you are right...it is a personal preference. That said, anyone I know who has the kind of bankroll to afford a coin like this...got their money because they were smart with it and didn't take wild risks. That's how people get rich, they make intelligent decisions. Can I say this coin is 100% fake for sure...no, I can't. But, everything I know about coins tells me that it is a fake. This is a fools risk to take...and you know the old saying. "A fool and his money are soon parted."

    Oh...and it's sheep, not sheeps. ;)
     
    mikenoodle likes this.
  18. Endeavor

    Endeavor Well-Known Member

    We're not talking about a guy who's up and coming. Not a person who is trying to make it rich. We are talking about a guy who IS ALREADY rich. If the cost of gambling for this wealthy individual is miniscule when compared to their total wealth, what do they really have to lose?? They probably waste that much money in 5 minutes at a poker table. Now, I agree, for the person who is not wealthy or even just semi-wealthy, this would be a bad risk. I'm not talking about that person. Capiche dentista?
     
    Endeavor2 likes this.
  19. CamaroDMD

    CamaroDMD [Insert Clever Title]

    You are missing my point...I know people who are VERY wealthy. I mean multimillionaires. I live not far from Nike Headquarters and know several of their higher-ups. These people have a TON of money. My point is...they didn't get there because they take wild risks. It's not about up and coming.

    Sure, some people who have more money than they can spend do it (Michael Jordan can't gamble his money away fast enough)...but this is very rare among people of this financial bracket.
     
  20. Endeavor

    Endeavor Well-Known Member

    This isn't really where I wanted to go with this thread. This all started because of my declaration that no one could convince me with 100% certainty that the coin is fake based on only the photos. The rich guy scenario was only created to give an example of where it would possibly make sense for someone to take a chance on the coin knowing it was mostly likely fake. Again, that wasn't my intent. It got to that point because everyone kept trying to debate me and tell me I am wrong. Once again, there is no right or wrong when it's just all an opinion or preference.
     
    Endeavor2 likes this.
  21. CamaroDMD

    CamaroDMD [Insert Clever Title]

    That's fine. I understand what you are saying. If someone with more money than they could ever spend wanted to gamble on it...where is the harm (like I said, Michael Jordan loves to gamble and he loses all the time). I get it, and in theory...that is true.

    I think the issue with that particular coin is...it's a coin that has been studied for a decades. It's an extremely well known and famous coin. The 5 known examples all came from the same die. Only 1 die was used. The date on this coin doesn't look at the same as the others...therefore, it's not an authentic example. The 3 is all wrong. That alone should be proof that it is fake. Most likely was an altered 1910. If you need more convincing than that, there is nothing wrong with that.
     
Thread Status:
Not open for further replies.

Share This Page