Misleading eBay sale?? 1969-S Rolls

"Yeah, his statements along with the pic and a price closer to an OBW, leads one to believe it's an unopened bank roll. I've got a favorite on eBay that's been there awhile, looks like no one has bit - it's for a 2008 No P satin cent for $45.99. Here it is:
http://cgi.ebay.com/2008-p-SATIN-LINCOLN-CENT-CENTS-BU-NO-P-MINTMARK_W0QQitemZ270373004796QQcmdZViewItemQQptZC oins_US_Individual?hash=item3ef37ca5fc"


More from the same seller... check both of these out and be sure to read the descriptions and look at the prices. Unbelievable!

http://cgi.ebay.com/AUTHENTIC-1776-1976-D-WASHINGTON-QUARTER-SPECIAL-BU_W0QQitemZ270419328153QQcmdZViewItemQQptZCoins_US_Individual?hash=item3ef63f7c99

http://cgi.ebay.com/AUTHENTIC-1776-1976-D-WASHINGTON-QUARTER-SPECIAL-GEM-BU_W0QQitemZ270419364942QQcmdZViewItemQQptZCoins_US_Individual?hash=item3ef6400c4e

Any thoughts? lol!! This is off subject, but does anyone know where to get the LP-1 and LP-2 Mint-release roll sets at a reasonable price? Being the moron that I am sometimes, I completely forgot to order any when they were still available.. brilliant! Any help will be GREATLY appreciated.

​

 

Log in or Sign up to hide this ad.

Even though we're both pointing out the problem sellers on eBay, I believe there are many good ones there too. One out of a thousand of my eBay purchases are a problem because I ask the right questions, as it appears you do too. Over my 40 years in the hobby, I’ve had the biggest problem with dealers that have brick & mortar shops offering me way below what a coin is worth and selling it for a good premium – they have to pay the cost of overhead and you’re the one doing it for them. And, I’d say most dealers that have shops are also buying and selling on eBay – they have to, to survive these days. Actually, the first time I made a profit on a coin, by selling it for what it was worth, was on eBay. Even though, now and then I like to take a coin I’m selling to a dealer and ask what they’d give me for it, just to call them on it – yes, yes, I know, I enjoy confrontation. I asked another dealer I knew about a story in Coin World about a dealer that offered an unknowing seller $25 for a $10,000 coin and that dealer told me, “That’s what we all dream of, the sucker that walks through the door”. All that being said, I’m sure there are reputable dealers out there (ha, ha), but my experience is they are few & far between.

Something like the LP1’s & LP2’s can be found on eBay in mint sealed boxes for a good price.

 

Let us know if you find anything. I'm waiting to see what the estimated mintage is on each LP2 DDR. Heard anything?

 

Yeah, that dealer has to go! Yet, he/she has 100% positive feedback! lol It won't last long. One dealer that I had a problem with over diamond earrings now has 14 of 42 negative feedbacks (had zero negative when I bought) and eBay is investigating him - I told eBay they take too long to boot the bad ones and rely too heavily on buyers posting negative feedback to take care of a bad seller.
The nice thing about eBay is if you follow their rules/time table, they'll refund the money to you.

I don't know, do you think I should buy all those 2008 no mint mark philly cents and authentic bicentennial quarters? lol


Read more: http://www.cointalk.com/t86379-3/#ixzz0c5XfpiFF

 

I think you should go to town in buying from this guy! Did you check out the pics? MS-66?? HA!! I've spent Bicentennials that would grade higher in change, but that 08 LMC without a MM.... now that is RARE!! I mean, they only made 2,558,800,000 of them... right? Wait!! I just found one! And another, and another, and another, and another... JACKPOT!! Just like I said... unbelievable.

As for eBay... I did not mean to say that it's all bad. I to have met some very decent people on there (both as a buyer and seller) and have done reasonably well for myself. Well, maybe I spoke too soon considering I just received my 1943-P "BU Five Step Nickel" today that does not have five steps... has definitely been circulated... and just happens to have a "nice" ding on the steps that really are not there (the closer I look at the photo in the auction, the nick looks "photoshoped" away to me) so here we go again. The seller did a GREAT job with shipping though. He charged me $1.95, just dropped the coin in a plain, un-padded envelope and slapped a 44 cent stamp on it (which took him two weeks to do). Lets just say that toolhaus is my best new eBay friend. Can we say negative?? I'll give him the chance to make it right, but I am far from hopeful on this one.

I am the same way with taking coins to dealers just to check things out. Not long ago I took a 1922 No D - Strong into a local dealer that I had not been to before and played stupid about it. I got an offer of a whole $30 (it is EF at the least) and was told, with a LOT of pressure that they were really offering me retail for it just to "help me out". Yeah... sure. Needless to say, I have not, and will not ever be going there again. As for the Mint LP1's and LP2's on eBay, I've seen some go for upwards of 10x the original cost and, at least to me, that's just too much. I would not mind paying a few times the original cost at all. It is my own stupidity for letting it completely slip my mind. I wanted to get them to someday give to my kids and not to try and resell or anything like that. I've tried craigslist and looked a few other places too, but have not had much luck so I thought that asking on here was worth the shot.

 

Any thoughts? Yes, I am totally confused as to just what your point is with these sellers. Did he (they?) burn you with something? Of all the bull on eBay, these 2 don't even appear to me to have done anything wrong. Here are some seller deliberately trying to deceive the public. Try using some of your energy with them;
numismaticbureau
centsles
jinghuashei
cashkoala
cameron93

If you get those taken care of, I will look for some more for you.

 

I bought several rolls from this jerk a little over a year ago when I was new to the hobby. You're on the money, HE IS A JERK! Stay away from him.....

 

I give. Which "jerk" are you talking about?

 

from the original post, the "moresensethancents" punk from ebay

 

As for the Mint LP1's and LP2's on eBay, I've seen some go for upwards of 10x the original cost and, at least to me, that's just too much.

WOW! That high for LP1's & LP2's, huh? I guess I don't see it, I'm an old time collector that's buying the coin(s). Although I prefer some packaging over others, I'm not willing to pay a significant premium for mint wrapping vs. nf string. But, I guess some do and if it floats your boat, go for it - as long as the market for certain packaging remains strong, the unopened rolls should do well. At some point I usually open all my rolls looking for the coins I want, so at the point packaging means even less.

 

"Any thoughts? Yes, I am totally confused as to just what your point is with these sellers. Did he (they?) burn you with something? Of all the bull on eBay, these 2 don't even appear to me to have done anything wrong. Here are some seller deliberately trying to deceive the public. Try using some of your energy with them"

Pardon me. I guess there is no real "point" other than getting that "wow" factor from seeing what people are trying to get for certain coins. Sure... it is a little off-subject, but someone posted the link to the 2008 "No P" LMC and we just went with it. Maybe I am wrong here, but I see some intent to deceive (either that or a lack of knowledge) from someone who is asking $25.05 and $8.46 for Bicentennial Quarters and stating that they are "MS-66 or better" when they clearly are not even close. Say someone is looking to buy a gift for a friend who is "into" coins. They see an ad that claims the coin is a very high grade and buys it. Would they not have been deceived? I believe so. Of course this is nothing compared to "numismaticbureau" (whom I know about) and the others (from what I can see with only a quick look). At least "jinghuashei" says that the junk he sells are replicas... not that this makes it okay. I am quite sure that most everyone here has rather strong feelings about all the Chinese fakes and what they are doing to hurt the business/hobby.

As for the LP1 and LP2's... I should not have included the LP2 in what I was asking.. my bad. I meant that I am trying to find the LP1 at a reasonable price. I apologize.
​

 

You can ask whatever you want in here and you are right on point, talking about these sellers attempting to deceive - so there are others doing the same, they'll have there day too.

 

"WOW! That high for LP1's & LP2's, huh? I guess I don't see it, I'm an old time collector that's buying the coin(s). Although I prefer some packaging over others, I'm not willing to pay a significant premium for mint wrapping vs. nf string. But, I guess some do and if it floats your boat, go for it - as long as the market for certain packaging remains strong, the unopened rolls should do well. At some point I usually open all my rolls looking for the coins I want, so at the point packaging means even less."

I apologize.... it is the LP1 that are selling for that. The LP2 can be had at 2x-3x (but of course we are talking about an issue price of $8.95 for the two rolls). There is a packaging difference, but also (and please correct me if I am wrong) the mint rolls have the same metal composition as the 1909. I cannot speak for anyone else here, but I have had a terrible time locating any of the NF wrapped rolls in the series. My Bank (and all the other local branches) were totally unwilling to help. I finally found one who said that they would try to order for me, but a friend just told me that they are no longer available. He is from Maryland and I am in NY, but who knows. All I can do now is hope. Speaking of the new cents.. what exactly is the deal with the 2010's? I have seen the "Shield" design, but are they keeping Lincoln on the obverse or not?

​

 

Nope, the mint rolls are the same copper plated cents found in circulation or nf string rolls. That would be cool if they sold rolls of 1909 composition cents, but not happening. The only 1909 composition cents are in the uncirculated mint sets and proof sets. I put away a few rolls of nf string wrapped circulation strikes that I had to buy on eBay because no banks in my area have them either. Although I bought a few mint & proof sets, I'm buying many 2009 unc mint set cents off eBay - trying to keep the sales down on the 2009 set. lol From what I've seen in Coin World, the 2010 cent will have the Lincoln obverse and shield reverse, so the Memorial series is now completed.

 

"Nope, the mint rolls are the same copper plated cents found in circulation or nf string rolls. That would be cool if they sold rolls of 1909 composition cents, but not happening. The only 1909 composition cents are in the uncirculated mint sets and proof sets. I put away a few rolls of nf string wrapped circulation strikes that I had to buy on eBay because no banks in my area have them either. Although I bought a few mint & proof sets, I'm buying many 2009 unc mint set cents off eBay - trying to keep the sales down on the 2009 set. lol From what I've seen in Coin World, the 2010 cent will have the Lincoln obverse and shield reverse, so the Memorial series is now completed"

​

D**n it! I knew it. I knew something was wrong with that when I was writing it. Might as feel buy a few proof sets now (something I never do) just to have them. Now I really am confused though... if they are the same as NFS rolls, why are people paying that much for the LP1's?? Have you heard anything about the LP4's being completely sold out and unavailable to Banks? That friend of mine (he works for a Armored Car Co) said that the next shipments will be the 2010's. I think IF this Bank will actually do this for me, I am going to try and grab a few cases of the new design as early as possible and not drag my feet again. Hell, the Mint has proven that it cannot get a new circulation strike coin right (well, proof too) so maybe we will be treated to the SL of errors we were last year. I am not so keen on the shield design. Sure, its kind of a throw-back, but something just is not right about it in my eyes.

 

Even though they’re the same coins as circulation, people are buying them for the unique mint wrappers. Like I said, I don’t pay a huge premium for wrappers, but it looks like some do, so who knows what the future holds for them.

That’s what I hear about the LP4-p’s, probably the lowest mintage of them all and no longer available to banks – still waiting for the final mintage numbers. Looks like eBay is the source, which is where I bought my case.

I’ll probably pick up a case of the new 2010’s, but they’re probably going to be a high mintage and a lot of people are going to put them away, being the first year of issue. Kinda like the 2009’s, a lot of business strikes put away, but lower mintage than the 2010’s will be (probably).