6th 1913 Liberty Nickel found! Bust out your wallet.

Discussion in 'Coin Chat' started by gbroke, May 2, 2014.

Thread Status:
Not open for further replies.
  1. Endeavor

    Endeavor Well-Known Member

    Not everyone makes it the same way. Some get there only cause they took a chance on something. Some make it other ways. Like going to school, getting a degree, getting in with a good corporation at the right time (like Nike) and just hitting it big. Even still you could say these conservative people took a chance at some point. If they started at Nike from the early days, they probably could have gotten hired at a more established company, but choose to one with higher upside and risk.

    With that said, I also don't think these people would straight out tell you what risky deals they would get involved in. It's just something I would imagine they would keep to themselves in case it blows up in their face. Would good would it do to tell their dentist what they're up to on fringe investments? None.
     
    Endeavor2 likes this.
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. CamaroDMD

    CamaroDMD [Insert Clever Title]

    OK...that's fine my friend. It is clear to me that you have no experience with investing or money management. If I remember right, you are quite young. When I was young, I had a different view of these things than I do now. I'd imagine down the road, your views will change.
     
  4. Endeavor

    Endeavor Well-Known Member

    I never disagreed with you about whether it was fake. To be honest, you actually made the best case of everyone by saying the 3 looks altered and explaining that isn't possible cause there is only 1 die. I actually like your explanation. It's all the other sheep (spelled right this time :)) in here that say shenanigans like, "it would be all over the news if it were real". Or it can't be real cause I say so... etc etc. It was ridiculous. One member said they would bet their life on it. That same person told me it would be a bad idea to bid on the coin yet they would bid their life! LOL. And as if that wasn't bad enough, they then said they know a lot about risk/reward. HAAAA!!
     
    Endeavor2 likes this.
  5. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    First of all, I am not an ebay seller, so take your deflective nonsense and, well, use your imagination. How pitiful is the need to resort to baseless accusations in a weak attempt to discredit opinions that differ from your own.

    As for "FRAUD", how stupid does one have to be to recognize the obviousness of a listing such as this, but still bid on it? The fact is that people need to take responsibility for their own actions/choices; no one is forcing them to roll the dice. Again, it does not matter if the close is into the six figures or twenty bucks; if one is not willing to shoulder the risk, the intelligent move is to simply walk away.

    Let's, for the sake of discussion, assume that there was any chance of this specimen being genuine. Someone bids (as an example) $70k, wins, but refuses to pay unless certified. The seller agrees and the coin, no matter the infinite odds against it, turns out to be genuine, and now that it is certified, it's value far exceeds what was paid: should the seller now live up to the original price, or would it be okay for them to do as the buyer and made additional demands after the deal was made? If after-the-fact demands are good for one, surely they're good for the other too.
     
  6. Kasia

    Kasia Got my learning hat on

    Actually, on consideration.... for someone with the funds to pursue this.... on the off chance it is genuine (which I doubt, especially after comparing the blowups I could do for the date to others of the known 1913's and the 1910) putting in, say 100,000 earnest money on a coin that if real and authenticated could garner you perhaps 3 million or more is worth that risk. And the risk is really not that much, assuming you can talk the seller into a good pick up so that you don't leave anything to chance on it being lost in the mail.... and assuming you have the funds to bring along a person who could authenticate it on the spot and then push through a grading with a major tpg (like less than a week). That way if it is real, it's cool, and if it's not you either do a snad or simply reverse your payment or something. Things are possible.

    The problem I see for the seller, should it be genuine is to now lay a trail of how he actually got it. People would want to know.
     
  7. Ethan

    Ethan Collector of Kennedy's

    They vacationed in China last year...not to say that is where it came from..
     
  8. Pcunix

    Pcunix Active Member

    If it had been made in China it would have looked a lot less fake.
     
    mikenoodle and CamaroDMD like this.
  9. Troodon

    Troodon Coin Collector

    Yes there is. The coin is either fake or it is not. That is a matter of fact, not opinion. You're the one the doesn't seem to understand, and I'm giving up on trying to help you do so. Believe what you want.
     
  10. Ethan

    Ethan Collector of Kennedy's

    Well maybe he took it down because he called his coin buddy and they decided they could send it and sell it on Heritage. That way they would not have to pay the estate?



















    I have brown eyes.
     
    Endeavor likes this.
  11. Endeavor

    Endeavor Well-Known Member

    That is very possible. I would imagine at some point, as the bids got higher and higher, the seller stopped and asked themself: how much is this thing worth?

    If they looked it up and saw they could get $1 million+ they probably decided to take it off and sell it through one of the big auction houses, where the big fish are (not eBay).
     
    Last edited: May 6, 2014
    Endeavor2 likes this.
  12. Endeavor

    Endeavor Well-Known Member

    There's really no way to convince people that a 6th 1913 Liberty Nickel exists unless it gets verified by a top TPG and is then is all over the news. So this seller had a slim chance to fool buyers. Where they messed up the most in their attempt to deceive was by posting photos of the coin in a slab. In doing so, it implies they gave/sent the coin to another person. Not just any person either, but a person who slabs coins and could know the coin has at least some value. The seller would have been better off posting the coin raw. Much easier to swallow the idea the coin was found in an old box in an attic of house that has been vacant since 1920 (or whatever BS story they want to make up). It would of been even better to post a photo with someone holding the coin by the faces. The more incompetent the seller can make themselves appear the more "believable" the "I didn't know it was valuable" story becomes. However, with this coin it would still take a lot more than that.
     
    Endeavor2 likes this.
  13. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    If they CHOSE to bid AS OFFERED, yes I do and for the single reason that this is exactly what they've agreed to do (plus ebay's stupidity promoting policies are also there to protect the foolish from themselves). However, I also think bidding any amount on such a coin is nearly as ridiculous as it is for someone to bid on and make demands only after winning.

    Perhaps the question should be what kind of world do you live in where making after-the-fact demands is acceptable behavior? You can argue the point of protecting one's self all you wish, but the fact is that nothing is stopping potential buyers from simply contacting a seller ahead of time, and the only reason not to do so is a self-serving attempt to gain leverage.
     
    jay4202472000, JPeace$ and fiatfiasco like this.
  14. fiatfiasco

    fiatfiasco Nasty Details Member

    Have you never bought something on eBay? You have to pay before you get to see your item. The world, and this reality we are all currently occupying, has always followed this logical progression of events. Which makes me really have to ask again, have you never bought something on eBay?
     
  15. Endeavor

    Endeavor Well-Known Member

    If the coin is as offered, the buyer has every right to request to verify its authenticity. What you are basically saying is that the buyer in this case should transfer $70,000 without doing a thing to see if the coin is real as the seller offered it. Anyone who pays without at least telling the seller, "let me see it first", is a bumbling idiot.

    This is not your ordinary eBay coin. It requires that the buyer is more prudent. Especially since, as you yourself stated, it is a coin that is more likely to be faked!
     
    Endeavor2 likes this.
  16. Endeavor

    Endeavor Well-Known Member

    CAT NIPPLES
     
    Endeavor2 likes this.
  17. fiatfiasco

    fiatfiasco Nasty Details Member

    Even though I love your Cat Nipples! comment, come on guy, you know that you have to pay first.

    I mean, that is why the whole "Buyer Protection" policy exists. Seller sells item, receives funds, releases item, buyer receives item, both parties shake digitally shake hands with fluffy positive feedback. OR. Seller sells item, receives funds, releases item, buyer receives item, BKozak33 realizes he took out a third mortgage for a fake coin, loses house and all 912 cats in collections process......
     
  18. Endeavor

    Endeavor Well-Known Member

    If this was your typical $200 coin purchased from Bob off eBay, where Bob puts the coin in a 4x8 bubble mailer and throws it in a mail slot and it gets tossed around by half a dozen postal employees before eventually making its way to Joe the mailman who parks his little truck down your street, walks over to your house and dumps it in your mailbox where it sits unattended until you get home and you check the mail... then yes you pay first.

    If it's a potential $1 million+ coin... then NO.

    Is this really that difficult to understand???
     
    Endeavor2 likes this.
  19. fiatfiasco

    fiatfiasco Nasty Details Member

    No, it's not difficult at all. The very fact that the seller is charging, or was charging $2.05 for shipping, as in, he planned on shipping it via some dinky method, just shines a light on how FAKE it is.

    If the seller said the shipping method was "arrange to pick up in person", I would have given it .00001% credibility....but as listed it is 100% fake. You don't only need to look at the coin, look at the character of the person. This is why I gave my warning about anyone ever buying a coin from BKOZAK33 in the future. I personally could never do that, because, look at his judgement. If he fell for this, what else did he fall for. How many things did he fall for before he starts feeling pressure to recoup his losses and starts burning people in scams...? By all means, if you want to buy from him, buy from him. I just can't knowingly (aside from his listed inventory being completely useless to my collecting needs) make an investment from someone who I believe to have dirty hands, an inability to analyze coins/situations, no common sense, etc.....
     
  20. Endeavor

    Endeavor Well-Known Member

    The more likely scenario is that the seller didn't know what they had and used their usual $2.05 shipping charge. If they were really looking to scam someone big and put $2.05 for shipping then they're quite possibly the dumbest con artist on eBay.

    I never said the coin is real or likely to be real. Please keep in mind that I am in agreement with everyone that the coin is most likely a fake. All I ever questioned were peoples claims that it's 100% fake because "it seems too good to be true" philosophy.
     
    Endeavor2 likes this.
  21. Ed Sims

    Ed Sims Well-Known Member

    Any "newly discovered" 1913 Liberty Head nickel is guaranteed to be a fake. It is so well documented that only five were ever struck and with the locations of each known all 1913 Liberty Head nickels listed on eBay are 100% fake. Genuine 1913 Liberty Head nickels would never, ever, be sold through eBay.
     
    JPeace$ likes this.
Thread Status:
Not open for further replies.

Share This Page