1889-CC morgan Smart purchase or REALLY BAD one.

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Thanks guys. I'll let let you all know what happens.

 

No point in sending in.... After talking with ANACS this is the email I recieved...

And here's more reason to not send in....

http://tippecanoe.craigslist.org/clt/3525645289.html

So fake it is..... So everyone that said Fake... Pat yourselves on the back as you were correct....

Also, Morgandude11... Assuming a far fetched story and lies on my part, there you were wrong... but as far as the authenticity, props to you, you were correct... Hope your happy with the results.

 

So do you have any hope of getting your money back?

 

Honestly. I dunno. I was gonna go handle it by myself but I don't wanna risk going to jail... I figured I'd let authorities look into it... I can say this... He's probably better off getting caught by the authorities than having a run in with me again.

 

Well, good luck then.

 

It sounds like you are on the right track to, hopefully, a favorable resolution.

 

He sounds familiar.

 

Yea. Thanks.

Does he? Why you say that?

 

While I wait for this whole ordeal to unfold I figured I'd go to a coin auction... Got some nice coins for sale. So I'm looking at the lots and whaddaya know... They're gonna auction an 1889-cc EF-20 slabbed and graded by ANACS. You guys up for taking a look at the pictures?

 

Yep!

 

Well, I'm sorry that it ended the way it did, and I hope that you will be able to recover your loss.

Even at EF40, this ANACS coin will probably sell for a bit more than what you paid for the fake.

Chris

 

That's a nice Morgan rob

 

Sorry all of this happened to you Rob, hopefully you can recover your funds and just chalk this whole ordeal to a numismatic education. Trust me, we have all made purchases that we regret.

As for the ANACS coin, their is no question that it is genuine, but it certainly is not the most eye catching piece. Good luck

 

Rob, I am not happy that you got taken by the 89CC business--this is all too frequent in numismatics. I wasn't trying to embarrass you or criticize you--it was the coin I was calling into question. So many of the raw 89CC coins are fake, or have had added mint marks. This is why I made a big deal about it--one should NEVER buy a key date like that raw, or only after assurance by the MOST RELIABLE dealer in the world, who is willing to guarantee the purchase with money back. A date like that should always reside in a slab--Same goes for 93s, 84s in MS condition, and any of the 1893-1895 dates altogether, as counterfeiting and altering those rarer Morgans are a way of life. I surely hope you get your money back, and only wish you the best.

 

It's all good. I learned something along the way.... Now every Morgan I look I consider the VAM/ die combos... Even went through my 82/83/84 CC's to see what VAM they fall in. Interesting stuff.

Indeed

It's cool. Also you were right about the price it sold for.... It probably would have sold for around 12-1300 had I not been there.... Not too many people were interested. It was ME vs the internet bidder/s... I bid him/her up to $2000. Even considering the internet buyers premium whoever got it still got it for a good price... Most likely around $2400 or so.... Had I not gotten JACKED in this whole ordeal I probably would have bid more considering I would still have my money that I lost on the fake 89-cc...

It's all good. Water under the bridge.

It's funny you mentioned an 84-s... I was looking to get one at the auction earlier... Just wasn't comfortable with it... It was slabbed and graded but by some company called PCI... Grade was MS 60. It sold for cheap assuming that it was indeed an ms60... I had considered the possibility that if I bought it and tried to get a crossover or whatever you call it it might come back lower like an AU-58. Based off PCGS's site the difference between MS60 vs AU58 is $8000 vs $1550. Assuming it is indeed MS60 the person that bought it got it for DIRT CHEAP vs what it could be worth.... I could post a pic of the 84-S if ya wanna take a look and offer your opinion on what grade you believe it to be and if the MS-60 they graded it at is correct.
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Though I was able to score one of the CC's at the auction.

 

That is one of the most difficult dates in the entire Morgan series, especially in MS. Given that it becomes an extreme conditional rarity in MS, especially when one gets to 63 or above, the non-PCGS/NGC ones are extremely risky, especially the low level MS ones. Since the jump is so tremendous between an AU coin and an MS, I would only buy a PCGS or NGC Ms in the 84s. That is another date that is oft times counterfeited, and has changed/added mint marks--easy to change an O to an S, or add one for a Philly coin. So, be careful of that date. I have owned two of them in MS, and they were both PCGS coins.

 

You be the judge.

 

At one time, PCI was a fairly respected company ranked in the top 5 until they fell into financial difficulty and sold out to David Lawrence Rare Coins and the name changed to Dominion Grading Service.

Chris