Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
ebay fail
>
Reply to Thread
Message:
<p>[QUOTE="Barry Murphy, post: 3061141, member: 79368"]When someone sends in a coin to NGC that is overvalued, I contact them and let them know they have sent the coin in under the wrong grading tier and that we can grade the coin for a lower fee. In 95% of the cases, the customers are happy to save some money. With this particular person, it was submitted at the highest tier, over $25,000. I sent her an email explain we could do this coin at the standard tier, $500-3000 and save her almost $500 in fees. She basically told me I had no idea what I was talking about and that the coin had been in their family for decades and based on a valuation done in the 70's that now her coin had to be worth at least the value she submitted it at, if not more. She insisted on paying the higher fees. In the end the grading fee she paid was nearly as much as the coin is worth. On a great day at auction, this coin may bring $750. The crest while there isn't close to being full, and the surfaces were pretty rough (thus the 2 surface grade) and the coin lacked eye appeal.</p><p><br /></p><p>Some people just don't want to be helped.</p><p><br /></p><p>On another note, just to avoid confusion, the coin I posted that sold on ebay for over $4000 is a modern forgery.</p><p><br /></p><p>Barry[/QUOTE]</p><p><br /></p>
[QUOTE="Barry Murphy, post: 3061141, member: 79368"]When someone sends in a coin to NGC that is overvalued, I contact them and let them know they have sent the coin in under the wrong grading tier and that we can grade the coin for a lower fee. In 95% of the cases, the customers are happy to save some money. With this particular person, it was submitted at the highest tier, over $25,000. I sent her an email explain we could do this coin at the standard tier, $500-3000 and save her almost $500 in fees. She basically told me I had no idea what I was talking about and that the coin had been in their family for decades and based on a valuation done in the 70's that now her coin had to be worth at least the value she submitted it at, if not more. She insisted on paying the higher fees. In the end the grading fee she paid was nearly as much as the coin is worth. On a great day at auction, this coin may bring $750. The crest while there isn't close to being full, and the surfaces were pretty rough (thus the 2 surface grade) and the coin lacked eye appeal. Some people just don't want to be helped. On another note, just to avoid confusion, the coin I posted that sold on ebay for over $4000 is a modern forgery. Barry[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
ebay fail
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...