Uncirculated on Ebay?

Discussion in 'Coin Chat' started by Timothy Baker, Sep 1, 2018.

  1. Conder101

    Conder101 Numismatist

    Doesn't bug me at all, you buy the AU and get a nicer coin for less money.
     
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  3. mlov43

    mlov43 주화 수집가

    Whatever the "item description" says, ignore it.

    I only put bids on coins for which the seller has provided corner-to-corner, SHARP, and overall reasonably "accurate" photos.

    It's then up to me to pull the trigger or not.

    And unless the seller later sends me a different coin, or had photoshopped the image, I only have myself to blame...
     
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  4. Kentucky

    Kentucky Supporter! Supporter

    There are numerous books and web sites that go into coin grading, look them up. I think I am correct in saying that an uncirculated coin is one that shows no evidence of circulation...whut!!! Yes, if the highest features of the coin show no wear, it doesn't matter if there are bag marks, milk spots or whatever galore, the coin is uncirculated. I have seen many uncirculated coins that were not pretty and I would not like to have, and I have seen many pristine AU coins that I would have instead. Now, this doesn't address weak strikes, etc. Uncirculated means uncirculated whether you found in in Grandpap's collection or got it in change at K-mart.
     
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  5. COCollector

    COCollector Well-Known Member

    "Uncirculated" coins can have nicks, dings, and other blemishes.

    For example, a 1970s silver Ike came from the U.S. Mint with this card:

    [​IMG]
     
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  6. mlov43

    mlov43 주화 수집가

    ...And none of the marks or "blemishes" caused by the above processes (high-speed presses, conveyors, counting machines) can be considered "wear" on a coin.
     
  7. Bruce J Fick

    Bruce J Fick New Member

    To clarify , it's not the grade that makes a coin more desirable , it's the eye appeal. Coins are generaly more expensive if in genuine MS simply because
    of supply & demand. Eg: I've acquired some MS/A.U.58 1884 S Morgans. If
    you research the (9/1992 PCGS Commentary of Morgan dollars, you'll read
    most were placed into circulation at the time of their minting, an anomaly for Morgans. Morgans weren't popular. They earned the name " 2 beer dollar " which you can see in the movie: The Sackets. They were saved & preserved in true MS much later and only when the few MS Mint bags left
    provided a supply. Thus only the true MS 60-68 coins have condition rarity due to how many survived the melts, not the A.U.58 survivors. It's only the DMPL 1884 S Morgans that are URS-1 due to being struck from 1 die. One example had been graded NGC MS 63. Yet there was one in PCGS MS 60 offered in a recent Stacks & Bowers auction that people passed on when the reserve wasn't met. The MS 60-62 1884 S Morgans advertised on Ebay never move. I swear I've seen them listed even at discounts every day for years. But you know ? An A.U. 58 1884 S (certified/CAC) sold for $ 5800.
    It had superb eye appeal. The kind of eye appeal that in older days made
    citizens save their Gold, and spend the less precious metals. Never believe the horse hocky claims you read on Ebay. As has been said: It's All About the Benjamins. ( Aka C notes ) Copacetic ?.
     
    Last edited: Sep 3, 2018
  8. Bruce J Fick

    Bruce J Fick New Member

    From the standpoint of Law, per se. Anyone who purports to know something they can not know or simply do not know, and represents it anyway as the truth, is deceitful. And therefore is lying. Moreover, if they believe their lies are the truth, they're delusional. Thus people who don't know any better are ignorant and liars. I avoid Ebay sellers who don't accept returns. Even the Ebay sellers who have 30 day returns can be routinely deceitful as some very carefuly manipulate their photos by
    means of trick photography. I bought a Morgan misrepresented as MS/DMPL which looked flawless like it was minted in Heaven from all photos, that was so ugly it was fugly in hand. PCGS didn't rate it as DMPL, nor MS. Ebay listed his 6 feedbacks that were profoundly negative as "
    " Neutral " . What a trajic farce !!! I've received V.F.-X.F. Morgans, rare in MS, mispreresented as MS 64 by fraudulent slabbers working for them. Their bait advertisement was trick photography using bright white light to glare on the coin surface(s) so you couldn't see the bag marks. And they're Ebay " power sellers " . Others routinely dip their coins in Jewler's Luster to conceal the coin has been improperly cleaned, then market the coin as DMPL. Even an educated 5 yr old child can tell their Morgan dollars are dipped fraudulent misrepresentations of DMPLs. Yet they put their faces next to their vender names with the most guileful expressions. Being burned on Ebay, I've learned to be very cautious. What's kept me in the game on Ebay is that over the past 6 years I've also acquired MANY more coins whose condition rarity makes them so potentialy valuable they're worth THOUSANDS of times what I paid for them. And I paid handsomely for them too as astonishing as it sounds. Developing a sharp eye for coins
    is not only key, it's what we Italians call aquiline , like the Heraldic eagle
    the free masons accepted as the symbol of America.
     
  9. Bruce J Fick

    Bruce J Fick New Member

    Morgan dollars you will forever and a day find in Uncirculated condition
    as upwards of 1/2 BILLION were minted as Govt. subsidies to mining interests in Colorado, especialy Nevada. They were marginaly popular in Western States because people distrusted paper currency, and there was
    never enough Gold to coin to satisfy the demand or to put people to work.
    I started collecting them as a kid in the early 1960s before the Treasury releases of 1962-1964. My aunt used to buy them at California banks
    send them to me for Christmas. ( I even have a very primitive Chinese counterfeit even the bank tellers didn't recognize as bogus as an example
    of how long the Chinese have been counterfeiting U.S. coins. And why
    after 70 years they now have at least 1 state of the art factory turning out
    precision forgeries to export to America to divert a cut of the numismatic
    market in rareities. ) Morgans were minted to monetize paper currency
    aka Silver certificates when promisory notes were precisely issued to only
    redeem their exact weight & measure in bullion coins made for circulation.
    Fortunately, many were melted under the Pittman Act then reminted as
    Peace dollars. Some of the Morgans & Peace dollars in MS I've collected
    even have a beautiful blue hue to them to remind me that's why they
    called Silver Certificates of President John F. Kennedy's era " Blue Seal "
    It's said that when the Comstock Lode failed as a Gold mine outside of
    Carson City Nevada, what kept it going was that one aquiline fellow saw
    it was loaded with a blueish sludge. He recognized that as Silver ore and
    offered them $30 a ton for it. Soon the CC mintmark came into being, and
    comprised Historic fodder for the colorized Western movies of the 1950s.
     
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  10. Bruce J Fick

    Bruce J Fick New Member

     
  11. Bruce J Fick

    Bruce J Fick New Member

    I like your goal in life. A family of German Shepherds once taught me the value of loyalty. Like the David Arkenstone song dogs are angels in the snow.
     
    LA_Geezer likes this.
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