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1916 Standing Liberty Auction Question
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<p>[QUOTE="MorganFred, post: 36433, member: 1779"]As you stated, there are some red flags on this auction. The Seller's feedback has some tarnish and I get the impression from reading through them that he doesn't represent his coins as honestly as he should.</p><p><br /></p><p>Another red flag is that there isn't any image of the reverse. For the amount this coin could potentially bring, fifteen cents for an extra picture isn't gonna break his bank. I'm also very suspicious of auctions of this magnitude which do not have complete photo documentation.</p><p><br /></p><p>The third red flag is also the biggest and brightest IMNSHO: the PCI slab. PCI overgrades by two or three points in most instances; there's always exceptions, but I don't think this is one of them. I'm not very well versed in Standing Liberty quarters, but I suspect his asking price is too high for the coin's probable grade (by PCGS, ANACS, or NGC) and I think the seller knows it.</p><p><br /></p><p>If it were me, I'd let it pass. Also, for a coin with that number of zeroes in the price tag, I think I'd want to see it before buying, meaning I'd buy it through a reputable dealer.[/QUOTE]</p><p><br /></p>
[QUOTE="MorganFred, post: 36433, member: 1779"]As you stated, there are some red flags on this auction. The Seller's feedback has some tarnish and I get the impression from reading through them that he doesn't represent his coins as honestly as he should. Another red flag is that there isn't any image of the reverse. For the amount this coin could potentially bring, fifteen cents for an extra picture isn't gonna break his bank. I'm also very suspicious of auctions of this magnitude which do not have complete photo documentation. The third red flag is also the biggest and brightest IMNSHO: the PCI slab. PCI overgrades by two or three points in most instances; there's always exceptions, but I don't think this is one of them. I'm not very well versed in Standing Liberty quarters, but I suspect his asking price is too high for the coin's probable grade (by PCGS, ANACS, or NGC) and I think the seller knows it. If it were me, I'd let it pass. Also, for a coin with that number of zeroes in the price tag, I think I'd want to see it before buying, meaning I'd buy it through a reputable dealer.[/QUOTE]
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