Great Southern Coin (GSC) joke of the day

Then don't pay stupid money for uncertified coins unless you know 100% what you're getting. PF-63 CAM for this coin is $2300, while PF-62 is $1000. If I had enough disposable income, I'd throw $1500 at it. But I don't have the money, and I don't want this particular coin.

And yes, 4/5-figure coins are sold raw everyday (albeit not condition census ones), even on eBay. Look at early gold. Look at draped bust dollars. It is just not as common to see them sell raw. Please don't make such definite statements when there are clearly exceptions.

 

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GSC is a privately owned LLC which makes a market in cleaned and/or problem coins. As previously mentioned, they do a land office business on Ebay and in all fairness, they have a disclosure, of sorts, with every coin they sell. I'd say it's a matter of buyer beware.

"We guarantee AUTHENTICITY ONLY!!!
We do not offer grades on raw coins, and we do not guarantee grades on raw coins. If you are looking for certified coins, we offer a wide selection of PCGS, NGC, ANACS, and ICG certified coins."

 

And in infinitely more fairness, they make this market without mentioning said problems, and do so while presenting the coins in ways that (often) hide them. Yes, buyer beware, but the way they present themselves would in no way suggest to the novice that they're anything but straightforward and reputable sellers.

 

Presenting coins in ways that often hide problems doesn't strike me as a reputable busines practice.

 

I agree...but I don't have a dog in this fight.

 

I have, the majority were things selling for melt and some of those bust dollars people will be in for an expensive eye opening if they ever send them in. I don't really see gold coins going for not much over melt as evidence of a strong raw coin online market in those prices ranges. As far as the raw 5 figure early gold you can find that sold on there well some people have more money then sense from the examples I just looked at. Then again it's ebay, for all we know people are just trying to flip them for a week or two and then returning them if they can't make money off it.

I don't see how 63 cam prices would be relevant to what someone should bid taking a big chance on that one. There is no way to tell a CAM designation from pictures that washed out and if it would have gotten that someone would have more than likely gotten it into one of those holders by now given the value is dependent on the grade.

 

What about MacVanderstein? Seems real similar to me but I have not had dealings with them either?

 

...again.



This time they hijacked an account with a higher feedback rating -- one positive transaction in "recent feedback", from more than a year ago. Wonder if the original account owner is still around?

 

Are these fakes or is there something else wrong?

 

Not mnmtruelove

Got a link?

 

Enough questions that the wise collector runs in the other direction. If it doesn't gel, it ain't gelatine.

 

I see these pop up almost every morning under multiple different accounts.

 

And I see them pop up every evening, on various accounts that have a reasonable amount of feedback, but none left within the past year. (It irks me to no end that eBay decided to conceal the feedback dates.)

I added one of last night's batch to my watch list, but it's not there now. Perhaps someone is cleaning up after them.

 

You mean a link to the auctions?

Just search on "morgan silver dollar very fine". It'll turn up a lot of legitimate auctions, but you won't have to walk very far down the list before you start stepping in fresh deposits of these.

 

Yes. I googled the seller (from the latest post), but nothing showed.

Thanks.

 

They're apparently actually cleaning these up pretty aggressively, believe it or not.

You can go directly to an auction number by typing http://www.ebay.com/itm/ in your browser address bar, then typing the auction number after it. But I just tried that with two of the numbers from this evening's screenshot, and they both turned up errors -- "This listing (302027339853) has been removed, or this item is not available." That's what you see when a listing gets removed.

 

http://www.ebay.com/itm/1889-Cc-Mor...468350?hash=item236f0537fe:g:t3gAAOSwtnpXm7zG

About the same as the others I believe

 

Heres an, ahem, "better" one...

http://www.ebay.com/itm/1893-CC-Mor...470557?hash=item236f05409d:g:V-4AAOSwZVlXm74K

 

He apparently specializes in difficult date Morgans. Yes, Virginia, that is sarcasm.

 

This deserves repetition. I still cannot understand why people want to even consider key or semi-key dates of any series that are raw. The possibilities for fraud, misrepresentation, and outright counterfeiting are so large that it makes no sense. Any possible perception of savings is way overshadowed by the risk. I agree that if one is buying a key date, do it, IN PERSON from a reliable dealer who will back the coin with a guarantee. Make sure it is ONLY in a PCGS or NGC holder, and don't take chances. I don't care how good you think you are in spotting a spurious coin--experienced collectors have been fooled. It isn't a matter of testing your grading skills online--it is a matter of throwing away hard-earned money on a likely fraud, and that isn't cherry picking--it is stupidity. Strong language, but we get these threads endlessly about buying valuable coins raw. That simply isn't smart, and is counterintuitive to the normal practices of the hobby. This cannot be stressed strongly enough to get through to some folks who think that they're going to beat "the system."