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1850 D Lib 2.50 Gold Peice Tampered With?
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<p>[QUOTE="MorganFred, post: 41554, member: 1779"]Looks like an older NGC slab with the reverse sticker on the outside instead of the inside as is done now. No big deal and I don't believe there has been any tampering. Such tampering, e.g. trying to switch coins would be very difficult (impossible?) without leaving some sort of obvious marks on the plastic.</p><p><br /></p><p>The question of the value of this $2.5 is another matter. According to the NGC population report, there have been only seven 1850-D $2.5s Coronets graded as MS-61 with only one above. <a href="http://ngccoin.com/poplookup/poplookup-detail.asp?PrintOrder=10596&IDCoins=17757" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://ngccoin.com/poplookup/poplookup-detail.asp?PrintOrder=10596&IDCoins=17757" rel="nofollow">http://ngccoin.com/poplookup/poplookup-detail.asp?PrintOrder=10596&IDCoins=17757</a> . So, it's a rare coin. The value at this level now depends upon how badly someone wants it. $20K would not be unreasonable, but sure isn't in my budget. IMNSHO, the seller would have been better off starting the auction at a much lower figure, but with a Reserve to meet his requirements; this would have gotten a little competitive bidding going, the price would rise to its market level, and maybe the seller might realize even more than he expected. Starting it too high discourages people from even starting the bidding.</p><p><br /></p><p> As long as I'm critiquing this auction, there's a couple other things I see wrong with the way its listed. For these kind of bucks, if I were the seller, I would have put a little more effort into a professional looking auction. Quality images and a well-written description (with good grammar and spelling, no typos) go a long way toward telling me the quality of the seller and, by inference, the quality of the coin. Further, he could have done a much better job of researching the coin itself to be able to pass along to a potential buyer a little more info about the coin. A simple Google search would be all that was needed. He has no stated return policy and for what he could realize from the sale, he could have provided free shipping and insurance. Last, at this level, I would have looked into a live floor auction rather than eBay; I don't see many high end coins with this number of zeroes sell on eBay. In summary, while the coin appears to be nice, the auction itself is a piece of junk.[/QUOTE]</p><p><br /></p>
[QUOTE="MorganFred, post: 41554, member: 1779"]Looks like an older NGC slab with the reverse sticker on the outside instead of the inside as is done now. No big deal and I don't believe there has been any tampering. Such tampering, e.g. trying to switch coins would be very difficult (impossible?) without leaving some sort of obvious marks on the plastic. The question of the value of this $2.5 is another matter. According to the NGC population report, there have been only seven 1850-D $2.5s Coronets graded as MS-61 with only one above. [url]http://ngccoin.com/poplookup/poplookup-detail.asp?PrintOrder=10596&IDCoins=17757[/url] . So, it's a rare coin. The value at this level now depends upon how badly someone wants it. $20K would not be unreasonable, but sure isn't in my budget. IMNSHO, the seller would have been better off starting the auction at a much lower figure, but with a Reserve to meet his requirements; this would have gotten a little competitive bidding going, the price would rise to its market level, and maybe the seller might realize even more than he expected. Starting it too high discourages people from even starting the bidding. As long as I'm critiquing this auction, there's a couple other things I see wrong with the way its listed. For these kind of bucks, if I were the seller, I would have put a little more effort into a professional looking auction. Quality images and a well-written description (with good grammar and spelling, no typos) go a long way toward telling me the quality of the seller and, by inference, the quality of the coin. Further, he could have done a much better job of researching the coin itself to be able to pass along to a potential buyer a little more info about the coin. A simple Google search would be all that was needed. He has no stated return policy and for what he could realize from the sale, he could have provided free shipping and insurance. Last, at this level, I would have looked into a live floor auction rather than eBay; I don't see many high end coins with this number of zeroes sell on eBay. In summary, while the coin appears to be nice, the auction itself is a piece of junk.[/QUOTE]
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1850 D Lib 2.50 Gold Peice Tampered With?
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