My new 1798 Draped Bust

Ken:
Thank you for the compliment, however this is a $.

Still a beauty, an, IMHO the piece is very nice, and possibly a F-12.

The obverse marks seem to be planchet flaws.

Oh yeah, and keep that belt sander at lease 6" from the surface.
The wind alone should clear the surface.

 

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Unfortunately, after doing more research about this coin and the seller who I bought it from; I will be using the 14 day return policy.

 

Fill us in with the details when you can...

 

Before you make a decision, you should talk to Eduard

 

It has to do with personal opinions about the seller and his practices. I still like the coin but there are some people I don't want to do business with.

 

Please explain more.

This seller has 11,651 POSTIVE feedbacks.
5.0 DSR Ratings.
Member since 1998.

The guy has excellent ratings, and you like the coin, so what is the problem?

 

As explained in another thread, those ratings do not mean anything. The seller buys problem coins, cracks them out and sells them as non-problem coins. At least two that I have found (purchased from Stacks) were cracked and then cleaned after he bought them and he makes no disclosure of the fact in his auctions. I think this has a negative impact on the hobby and I choose not to do business with him. Some people might disagree but like I said; it's my personal opinion about the seller.

Edit: I would also like to add that I have no problem with him cracking out coins, I don't even have a problem with him disagreeing on some of the "problems". But there are just too many for it to be a "disagreement" between him and the grading company. It would be a completely different matter if he listed the problems in his listing but he does not, implying that they are solid coins. It is my belief that the seller is intentionally trying to deceive collectors. I only wish I would have done more research on his other listings before I bid on this coin, saving both of us the hassle.

 

Do you have proof of this?

 

Check his current coins, and his recently sold coins against Stacks.

Compare this 1800 Draped Bust from Stacks: http://stacksbowers.com/Auctions/AuctionLot.aspx?LotID=331101


To his listing: http://www.ebay.com/itm/1800-Draped...Individual&hash=item1c261ef514#ht_1318wt_1159


Obvious difference in the coin.


This is another problem crack out, but he didn't change the coin.
http://stacksbowers.com/Auctions/AuctionLot.aspx?LotID=331082


compare too…


http://www.ebay.com/itm/1798-Draped...Individual&hash=item1c262efffb#ht_1348wt_1159




Another problem crack out:
http://stacksbowers.com/Auctions/AuctionLot.aspx?LotID=330858


compare too…


http://www.ebay.com/itm/ws/eBayISAPI.dll?ViewItem&_trksid=p4340.l2557&hash=item43aec8739f&item=290695181215&nma=true&pt=Coins_US_Individual&rt=nc&si=Kal6foxICDWHa1f6vNEbeFyerds%253D&orig_cvip=true&rt=nc#ht_1220wt_1159

 

Is he on trial?

 

I see. Cracking out problem coins to resell, without mention them as such, is a "grey area".

I can't believe that someone else hasn't caught on to it, and left him a negative.

Thank you for bringing this to our attention.

 

I don't always think it warrants a negative feedback, like you said it is a grey area. That said, I don't agree with it so I am choosing not to do business with him. It is up to everyone else to decide where they stand.

 

I didnt like the coin at first look. The lines are grease marks from the dies. But the surfaces do not look original at all and appear to be stripped. I saw a nice F15 that was CACd for sale for not too much more. Many of these early dollars have been played with. If I was spending this much money, I would be patient and buy a CACd example.
Just my 2 cents.

 

My two cent, CAC is worthless and needn't be promoted.

 

http://www.cointalk.com/t44138-3/

 

Stacks, believes the marks were caused by rubberbands on the coin at sometime in history. The coin was in a PCGS Genuine holder but the seller cracked it out. I still don't mind them as it gives it some "character".

 

http://www.cointalk.com/t43818/

 

Beleive what you want, but there is no one else in the industry who is ready to put their money where their mouth is. Can you call PCGS to sell them a coin they graded? Highly unlikely. Can you call CAC for an instand offer on a coin they stickered? You absoluetely can.

Its no coincidence that CAC'd coins sell for more at auction, so the proof is in the pudding. But again, you have every right to feel what you want.

 

Could we not turn this into a CAC thread. I think we have enough of those...