1798 DBC Dilemma (Ebay)

Sure, if I could buy the coin at a good price based on its true value rather than the seller's inflated value.

 

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Are you interested in a 1809 Cohen-4?

Ribbit

 

Would that make you a candidate for buying SGS slabbed coins?

Ribbit

 

The key with 3rd part slabbers is to find one cheap enough that if you got it re-graded it would come back at a grade high enough that you would make money on the coin. So if you bought a SGS MS66(oops probably should have used MS70) coin at VF prices, then got it regraded at AU50 you could make a few bucks. I am not good enough to do that, but others have.

 

I've decided to boycott SGS completely. If I see yellow, I run no matter the price. They pee me off with what they do and to buy it, at any price, makes me feel like I'm supporting them so I don't buy SGS slabbed coins. If someone wants to take the coin out of the SGS slab and sell it, then I will buy it (if I want it) but if it's in the slab, it's off limits.

I deplore them that much!

Ribbit

 

So do I and a few other people.

 

Honestly, as Americans, I think that we do this every day.

Salesmen are selling, and buyers are buying all of the time. Sometimes a good seller finds a poor buyer, and other times good buyers find crappy sellers. The winning position is always changing. I think it all evens out.

 

I think it's like buying a car from someone who know's the engine's about to go but they do a little something to hide/mask the problem and don't tell you about it. It's shady selling and that isn't right. It's not like the CarFax commercials where a problem has occurred and they've repaired the damage and sold it, although many states now have laws against not disclosing major repairs.

I liken that to selling a cleaned coin without disclosing it's been cleaned and you know it's been cleaned, whether you cleaned it or someone else cleaned it. It is pretty much the law here (CoinTalk) that you don't do that so what's the difference? If he sells a coin he knows isn't what he's advertised it to be, is that no different than selling a coin you know has been cleaned and not disclosing it?

I don't see the difference!

Ribbit

Ps: I agree with you Pa. It has become somewhat the norm in America and that's sad. I run my auctions with honest information and quality photos. I prefer to let the photo sell the coin, not my mouth.

 

If you expect sellers to disclose problems with coins, I'd say you are in for a rude awakening.

 

I didn't say I expect it, I said it is a general understanding here (CoinTalk) that problems should be disclosed by the seller. To me, that distinguishes the good sellers from the bad ones and I look for that when I buy but I will buy from ones that don't disclose what is obvious because that's why god gave me eyes and not everyone is knowledgeable with coins.

The seller in the OP clearly said he's a long time collector so unless he's always dealt with unscrupulous sellers, he should know the "rules" and he has clearly violated them in my opinion and I won't buy from him because of it, even if he has something I want (unless he corrects his listing). I hold him in the same regard as I hold SGS.

Ribbit

 

I know lots of good sellers. Not a single one will disclose all problems with a coin. While I would like numismatics to be as you suggest, I think your expectation is both idealistic and unrealistic. Respectfully...Mike

 

Many problems can be seen in the photo and should not have to be pro-offered but it's the hidden problems that should be told depending on value because the value of the coin should dictate how much information is pro-offered - more value = more information and less value = less information.

But I know, generally speaking, this is how it should be and not how it really is.

Ribbit

Ps: Maybe some newby to Ebay will read our words and be a better coin seller on Ebay than many I've seen or be more watchful when buying coins on Ebay. :thumb:

 

Forgive me but what does "pro-offered" mean?

 

I'm guessing: "proactively offered"? Or simply "proffered" maybe.

 

Yeah, I thought about 'proffered' but that word is practically archaic now and is hardly ever used. And it does not seem to fit in how "pro-offered" was used.

 

I disagree. The norm in America, like many places, is decent, honest people.

Another norm in America - thinking things are much worse than they really are.

In one sense, it comes from a good thing - the ability to self-examine and self-criticize. But one can get too much of a good thing.

 

It seems the more valuable the coin, the more complete the disclosure of small or hidden flaws... particularly if it's a condition rarity.

Take a look at descriptions of high grade, high value coins on Heritage. They typically describe very minute flaws, sometimes as pedigree ID. Tiny stuff like lint marks or micro planchet flakes.

That said, one's own inspection is always the most important thing.

 

The actual correct spelling is "proffer" but I prefer to hyphenate it like I did earlier and with the way I used it, it means to volunteer information.

Ribbit

 

It doesn't mean that in my dictionary. Maybe this is another one of those MEME words but my dictionary defines proffer as "an offer for acceptance".

That's why I said I thought you may have meant 'proffer' when you wrote 'pro-offer' but the usage was incorrect for 'proffer'. I'm not trying to nitpick you on your word. It's just that I had no idea what you were talking about.

 

prof·fer·er, noun

—Synonyms 1. volunteer, propose, suggest. See offer.

Someone who proffers something is a profferer, therefrom, they are a volunteer and since information was the subject matter, they volunteer information.

Ribbit

Ps: Pick away!