Whoa.......big hammer today on an 1893S Morgan on eBay today

Coin looks legit. What say the experts? Auction ended at $9217. Looks VF 30?

https://www.ebay.com/itm/267653365602

 

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That's an awful lot of money to spend on something that's uncertified....especially on a platform like e-fake. I'm no expert, but no way in hell would I part with that kind of money on that platform.

 

I will have to look at it in the morning after a couple cups of Coffee.
I will say that nothing really stands out. I think it would go a little higher than 30. Looks like a rim ding under the date.

 

I agree with VF-30. Glad I wasn't bidding I would have stopped at $92.17 even though the '93-S is a very valuable Morgan.

 

I can't prove it, but my gut says this is probably a scam

 

I’m with you.

 

If I had a genuine 1893-S that I was going to sell, I would go to the expense of having it certified and sell it on something like Great Collections. If I had a pretty good fake that I was trying to sell (and I knew it likely to be fake and I were dishonest), I might sell it raw on ebay, even though the final bid would be somewhat lower than the real one on Great Collections or Heritage. Not saying that is what this seller has done, just what I would do.

 

After a couple of burns (thankfully not wallet busting ones), if spending more than $300 for a coin an inspection in person is necessary unless from a reputable dealer or auctioneer.

 

Especially since you now have only 3 days to decide whether or not it's a fake, and return it.

 

That 3 day window works for me. Don’t expect to buy coins on eBay again. I’ll be selling things, including coins, there that need the wide buyer market.
Giving scammers the gift of time to just flip it for profit just grinds on me. It’s not about the money as much as my time. I’m long on money, short on time

 

I buy lots of coins on eBay. I try to be discerning, especially with US coins. Prefer to buy them either slabbed or else from a reputable well-established dealer.

 

I agree it looks too high. If that is the case the doctor also mimic'd the die dent on the right side of the MM.

 

As someone else said, you've got to be nuts to throw this much money at an unknown, knowing how much fraud is going on. That being said, fleaBay is still the best (economical) place to buy certified coins as the buyer pays no vig and the return policy is "usually" iron clad The new rub is avoiding fake slabs, but it's easy to be cautious once you know what to look for. All PCGS gold shield slabs have photos with decent details.

 

Sounds like a good plan.

 

I don’t think eBay is the problem here. Who spends almost $10k on a raw coin from an unknown seller without even having seen decent pictures?

 

Agreed, it's so close I suspect it's fake! Here's a pic of the real McCoy!

 

I need a 1893-S but the way this coin looks it’s not the one I would want but then neither is the price, which I think is way too high.

 

The seller looks a little sketchy. Only 246 feedback and no other items in his store. The guy makes me nervous.

Bruce