Use what you know to figure out what you don't

Discussion in 'Coin Chat' started by H8_modern, Mar 11, 2016.

  1. H8_modern

    H8_modern Attracted to small round-ish art

    When scanning through sellers you don't know, it's easy to figure out what kind of dealer he is. Find a coin that's easy to value and use it as an indicator for whether you should buy anything from that dealer. I know this is a "no duh" kind of thing but I ran across this dealer and thought it could be fun to see some other examples.

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  3. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    The "buy it now" link you posted doesn't work! I must have that coin! :rolleyes:

    Maybe it's a double die reverse frosted triple proof VAM with a planchette error?
     
  4. SuperDave

    SuperDave Free the Cartwheels!

    This one doesn't even need a coin guy for major red flags. Anyone who "discounts" 73% is a charlatan to begin with. If you can "discount" an offering more than 25% or so, you were asking too much to start. Or advertising a greatly-inflated price you never actually put on the item offered. Either way you're a charlatan.
     
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  5. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Wouldn't trust that guy..........
     
  6. iPen

    iPen Well-Known Member

    I see over-grading but with supposedly steep discounts, often, which is similar to what you're saying.

    I'll try out your method but I'll do it with a seller who seems to be selling a coin for an "undervalued" price for a lustrous "MS" coin. Unless the coin is supposed to look like that... Right on the featured listings, this 25C 1918 Netherlands coin. NGC says MS60-MS63 is $35-$75. Yet, the coin is being sold supposedly for far below that.

    How about this guy? Would you deal with him?


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  7. ewomack

    ewomack 魚の下着

    $67.50 for a '64 Kennedy that was attacked by squirrels?!?!?!

    Is that in Zimbabwe dollars?!?!

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    Last edited: Mar 11, 2016
  8. Hommer

    Hommer Curator of Semi Precious Coinage

    Do you get the eBay bucks on the $250 if you by at the marked down price?
     
  9. Santinidollar

    Santinidollar Supporter! Supporter

    I suppose coin dealers like that must make enough money to keep them going. And how many buyers who find out later how badly they got screwed throw the hobby out the window and tell everyone they know how crooked it is?
     
  10. 19Lyds

    19Lyds Member of the United States of Confusion

    Seriously? I'd only have a coin like that if I got it for .50 cents at the bank and would never even consider paying melt for it much less $67.50
     
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