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Did I get grifted (shilled) on this coin?
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<p>[QUOTE="pprp, post: 4535488, member: 94602"]I remember there was a thread with such complaints about this auction company.</p><p><br /></p><p>Looking at the intrinsic value of gold content in this coin, I would say the metal is worth 350-400 USD.</p><p><br /></p><p>Looking in CNG recent esales you can find a few gold staters if Alexander or successors which are not holed for 1700-2000 USD.</p><p><br /></p><p>Should this have been a modern gold imitation for jewellery I don't think you would have paid less than 700-800usd</p><p><br /></p><p>This exact coin was sold by the same auctioneers for 950 about 6 months earlier than you got it.</p><p><br /></p><p>So did you get screwed? Probably yes although not big time in my opinion.</p><p><br /></p><p>IMHO the inherent issue was that you placed a strict limit (1500) and you might have been impatient to get one. These are not rare at all so if you waited enough you could get a better coin for the money you gave.</p><p><br /></p><p>For various reasons which I intend to explain in a future post, I am stopping collecting. If you need any advice when screening your future purchases please feel free to send me a PM. I would be happy to provide my opinion and I will certainly not have a conflict of interest. Same goes for all in this forum.[/QUOTE]</p><p><br /></p>
[QUOTE="pprp, post: 4535488, member: 94602"]I remember there was a thread with such complaints about this auction company. Looking at the intrinsic value of gold content in this coin, I would say the metal is worth 350-400 USD. Looking in CNG recent esales you can find a few gold staters if Alexander or successors which are not holed for 1700-2000 USD. Should this have been a modern gold imitation for jewellery I don't think you would have paid less than 700-800usd This exact coin was sold by the same auctioneers for 950 about 6 months earlier than you got it. So did you get screwed? Probably yes although not big time in my opinion. IMHO the inherent issue was that you placed a strict limit (1500) and you might have been impatient to get one. These are not rare at all so if you waited enough you could get a better coin for the money you gave. For various reasons which I intend to explain in a future post, I am stopping collecting. If you need any advice when screening your future purchases please feel free to send me a PM. I would be happy to provide my opinion and I will certainly not have a conflict of interest. Same goes for all in this forum.[/QUOTE]
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Did I get grifted (shilled) on this coin?
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