OP: You need to junk buying raw coins. Buy slabbed Pcgs / NGC coins where the seller will be shipping the exact item pictured. Upon receipt you can check the Cert number with the item shown. For key dates like 32-d and s 25c slab coin a must. These are high demand key dates, expect to pay retail. Nowadays you can research the Cert no on slab and get MV / pop. Buying sight seen at a show is another option. Unless junk box stuff (example: 6 world coins for a dollar) just buy slabbed coins. ASE and AGE most liquid. I like slabbed MS69-70. Bait and switch on raw coins been going on for a long time - don’t stick your hand in the shark tank lol as you will be bitten.
At that level, I'm assuming the buyers think the coin might be worth what they paid, and are using the 30-day return period to inspect it and decide. The thing about eBay is that there are always going to be new people happening across your auctions, and failing to realize that you've been running the same shtick for years. Some of them will be credulous enough to believe that (a) that thing in the picture is a 200-year-old building, (b) it held a safe full of coins, (c) many of those coins would be in modern slabs, and (d) any of those things make a difference for the auction they're viewing.
I don't normally like perfect coins. I like wear, I like circulation. I don't like scratches or other damage. Not even for melt really. I'll try anything once. Now I have googled this seller name and some others. I have learned a bunch of new things and also removed 2 former saved sellers. I had already figured out something was amiss but wasn't sure what. I knew he didn't find this stuff. Not this much. But sadly yes people spend 5 figures on an auction and someone else sees that and thinks, they wouldn't have done that if he weren't legit.. That only adds to his deception
Would it be best to avoid raw coins from the big companies that sell on bay also? I don’t want to name one or the other but I’m referring to the ones who have web sites and are big dealers. I know the price would likely be higher.
With a graphic program you can make any coin look good. I took his picture cleaned up the scratch and even changed the date. Can' trust photos anymore
At least in my mind, when it comes to any high end item, presentation is everything. For example, here’s something I saw in Tokyo a couple months ago. I walked into a discount store-type venue selling all sorts of random stuff. To my eyes it seemed a bit disorganized and cheap. But much to my surprise I came across this: So based on this display I found myself wondering if the watches were even real, and if I had a few grand to drop on an Omega Speedmaster, would this be my first choice? I would hope that most people would have a similar thought process when shopping for high end coins.
I guess "on eBay" triggers different ideas in my own head. Sure, eBay has sellers offering the equivalent of that shop display. But it's also got plenty of listings from David Lawrence Rare Coins, Heritage, and numerous other major players. And, of course, it's got the equivalent of yard sales, flea markets, estate sales, and Craigslist postings. Most of them are garbage. But the few treasures keep me watching, the same way my brother and his wife faithfully trawl the yard sales and auctions every weekend for antiques.
Yes, but I can’t imagine David Lawrence using terms like “gemmy” or “highly uncirculated” to describe a raw 5 figure coin.
Even made it a super rare 1933 S hmmm.... I wonder what that would sell for on Ebay? List it and see?
First of all, Welcome to CT. I'm a little confused with your post as you start off discussing a 32 S and then switch to a 38 S. Did you purchase both of these coins from the same seller? Did you ever get the 32 S? Have you gotten a refund? Your negative on that seller doesn't show up at all, so either eBay or the seller is manipulating the data. I think buying raw coins from reputable dealers is okay, but you need to do your home work and know the dealer and their reputations. Good luck with this issue.