My favorite ebay description terms

Now I know why dealers,especially the ones on ebay,sell high end notes ungraded.I am new to the hobby and could never figure out why if a sellers note is so good,why don't you send it in to be graded?The answer is now obvious after making my first and last purchase of an ungraded note on ebay.
Here are some of my favorite ebay description terms in the paper money catagory I found over the last few months.
PS:The spelling mistakes are not mine.

"RARE" dream note
Brand New Pack Fresh Note with un-real "RADIANT" EYE APPEAL of a note that was printed today.
Artistic Masterpiece Dream Golden Monster
This seldom seen Rarely offered Flawless Beauty
Razor sharp corners
Pristine Flawless Eye Appeal
Cracklin Crisp Premium Paper Quality
Powerful & Strong Blinding "GOLDEN ORANGE" COLORS
Rarely offered Flawless Beauty
Wholesale value is over $7000 / MY NOTE: actually sold for $2,245.01
Highly Elsuive Extremely Scarce / Rare Oppertunity / Fantastic & Spectactular
Deep Punch-thru embossing so strong you can read the serial numbers by touch with your eyes closed
The Bidding will be FIERCE
appears to be choice-uncirculated plus,plus
Expect fierce competition to obtain this specimen
When making an offer, be sure to be generous as you only have this ONE TIME - so make it your Best Offer

A simple grade from an honest TPG can say more than all these words combined.

 

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How about this one "MONSTER GEM"

 

Monster Gem...............thats another good one!

 

LOL, alot of of these decriptions sounds like DENOMS! Overgrades raw notes and rips you on the S&H...

 

Are you talking about Ebay or Coin Vault?

 

Let's see. Gotta love "nicely circulated" and my favorite was "small hole in the reverse"!!! Oh yeah how bout "choice fine"....

 

Do you really have that problem with Denoms? The shipping is high but I haven't noticed the note quality as being less then stated? Guess I"ll have to look closer just in case.

 

Well, DENOMS is the former owner of "CGX". Need i say more in terms of questionable grading? In fairness he has quite an incredibly rare collection on Nationals and an enormous inventory of other nice stuff on ebay. A currency genius.....yes, high integrity.......hummmmm no further comment. He also sells a great deal of CGX graded notes that he most likely personally graded. I'd steer well clear of these!!!

 

I didn't know Denom's was an owner of CGX.
Thanks for that tidbit.

 

From what ive seen seems to be a stand up guy denoms (AKA) Jess lipka
Iam in the process ive buying a pritty rare Mpc from him with an option
To buy another will see!

Didnt know he was the ex-owner of cgx, The ones that iam looking at are
Graded by PCGS!!

 

Didnt know we was the ex-owner of cgx, The ones that iam looking at are
Graded by PCGS!!
[/QUOTE]

Excellent. Your good.

 

Well, I can't defend the use of the terms you quote, but I would say not to swear off ungraded all together... Some of the items I buy are coins that even if they graded ms-60+, it would be hard to recoup the cost of grading... They are valuable to me, but will likely never carry the cost of grading... Others, I pick up as part of a collection, and I don't want the hassle or risk of getting a body-bagged coin, so I try to give as accurate a description I can of a coin, and give the best photos I can... My general rule of thumb is to try to estimate the grade as best I can from my own experience and then subtract a grade from that for some cushion... I have never gotten a coin back for OVER-selling it... My experience has been that someone that goes to THAT much trouble to upsell a coin, though, is probably not being 100% honest... Reminds me of the posts in the past of the guy that finds a new cache buried in an Egyptian tomb, or under grandmas doghouse about once a week... Always baffled how the same seller can sell 1909-s vdb's while simultaneously selling all of his UNSEARCHED rolls of wheat pennies...

One final note... Isn't it against ebay policy to quote a value in the description? I.E. "The wholesale value of this coin is $7000"...?

 

Sometimes you just have to take a chance! Since he doesnt work for
PCGS i should be Ok.....LOL

 

my favorite

appears to be choice-uncirculated plus,plus

 

Seems a bit of a curious response, to me. Would you similarly write off buying any ungraded note from "any web site" due to one vendor's trickery? I buy from ebay all the time, and as anywhere, there are some good and some bad, the trick being to distinguish between them. eBay is just the means they're using to sell.

Dave

 

I've had some good purchase experiences with ebay in the past. There are people who try and rip you off, but if you request additional close-up pictures of the notes and not just lying flat (if crispness if questionable), then you can generally weed them out. I must admit that it's more tedious than going to a show or a shop and handling the notes yourself.

 

yes,many good ebay sellers

Yes,a lot of sellers on ebay are honest and grading all notes is simply not worth the cost.This said,I am done playing the game of trying to figure out who is honest and who is not.If you can afford to take a loss every now and then,walk away with no bad feelings,buying online from a scan and the words associated is fine but your still buying a "pig in a poke".I have noticed some currency sellers never state a grade but instead use terms like "appears to be" or simply state they are not professional graders.They sell currency week after week and they can't assign a proper grade to a note?It's not that they don't have the knowledge to do so but rather they don't want to.
My original point was,if a dealer has a rare note in such a high grade condition then what has he to lose by grading it?
What he loses,is the abiltity to over-exagerate the true condition.

 

No doubt gang about the "trickery" and the sellers you have bought from and trust. Just a heads up from experience which I think we should all share. IMHO.

 

more good than bad

My point is simply if your selling a high end, rare note why not cut the misleading quotes about how good your note is and simply send it in to a quality TPG with a good reputation and get it graded.You would in the end get more money for your item and most certainly recover your grading fee.An honest businessman would certainly consider this a good business practice unless,of course,you had something to hide.I am not saying everyone that sells an ungraded note online is a crook,in fact,there are a lot of good people online selling paper notes that are exactly as they describe.The problem is weeding out the good from the bad.When there are more bad than good,you will never make up for your losses.

 

The one that got me was a picture of six [6] 1958 unopened mint sets, But in description said set , so you were lead to think you were bidding on 6 ,but you only got one set
The seller was finders keepers of omaha the guy had more red marks on his feedback than I did on my English exams in school. lol