coinory

3 hours ago, arphethean said:

A new area for me. I was keen to find a really sharp looking George and the Dragon crown and found this at a price I could afford. 

It's obviously had a scrub down at some point but I really don't mind as for me it's those clearly preserved details I wanted to see. 

Really good find, Love it! 

4 minutes ago, James32 said:

What was your counter offer🤣

I sent £600 offer  🤣 It will be a second hand product so...  🤪

Meanwhile In Flipper land billing date is coming close...

@BackyardBullion Dang that coin is messed up ... That must have killed all your excitement... 

53 minutes ago, dicker said:

So these are up for sale on every numismatists favourite website ebay!!!

https://www.ebay.co.uk/itm/1921-1-morgan-silver-PCGS-MS67-/275157681270?mkcid=16&mkevt=1&_trksid=p2349624.m46890.l6249&mkrid=710-127635-2958-0

Syedm16 has “mixed” feedback….

 

He told me he is getting offers but only from USA. I suggested him to contact nearest auction house and see if he can get anything out of those 

11 minutes ago, sovereignsteve said:

have you checked the slab numbers on the PCGS website, hopefully there will be photos. Those slabs look old or fake. The coins don't look like 67 grade to my eyes.

Just did it shows they were both bought at HA , The guy selling it told me someone loaned money from him and kept coins as security...   I guess seller took them out or the previous owner did but yeah... lol i just compared them with original images from HA and it seems like someone messed them up … 

6 minutes ago, dicker said:

If I were you, I would have a buyer lined up before buying.  Morgan’s are hot at the moment from what I can see but this doesn’t mean it’s easy to sell high priced / high grade examples.  

This pre-supposed that they are NGC / PCGS graded and have the eye appeal that really should go with these grades.

Best

Dicker

 

I don't think I am ready to deal at this level yet considering all the risks involved I think I am happy to continue with the small deals at the moment but since this guy reached me out I thought I will do my best to help him as much as I can, I gave him a few auction sites where he can list them on and also suggested him TSF lets see how things go   

Btw here are the coins 

Hey guys someone approached me to sell their graded 1902 & 1921 Morgan dollars graded MS67 by the PCGS for £14k. I don't have much experience with graded coins wanted to ask how much these coins go for any idea?

33 minutes ago, Mrpound said:

Slight delay on update due to coin fair beer and work! but here it is and I’m in love 😂

thank you very much @coinory!

 

Glad you liked it  

I was itching to get one even for eBay If not for anything else but for small YouTube project just to show it  on the video, But my rule about not making hasty decisions and following crowd in FOMO is stopping me from it, So I think I will sit it out, Wait for a good deal if I ever come across or just skip the whole thing... 

11 minutes ago, Paul said:

https://www.ebay.co.uk/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313&_nkw=gothic+portrait+2oz&_sacat=0&LH_TitleDesc=0&_odkw=2021+gothic+portrait+&_osacat=0&_sop=13&LH_Complete=1&LH_Sold=1

£500-£600 selling for on feeBay thus far today, a good few have gone to already

All of them as it seems... <--- Turns out I had sold items filter on

4 minutes ago, magpie79 said:

Don’t feel to bad, there none to start with 😂 

Seriously ? How did that happen 🤔

Just woke up an hour ago and all of them are gone  

I have been refreshing page since 12 am ... Finally grabbed 2 

4 minutes ago, James32 said:

Friend said if selling...how much ? 😁

Its my first one so I have no idea how much these go for to be honest, but yes I bought this for reselling

1 minute ago, SilverPlatinum said:

Thank You!

If you shake the tube, do you hear the coins moving? Or they are firmly secure?

They do move a bit and make a small noise so there is a small gap not sure if you can see in this pic  

24 minutes ago, LawrenceChard said:

 

 

The answer to your question "Who is buying these coins", is probably "nobody".

Accordidng to Wikipedia:

"Reach plc (known as Trinity Mirror between 1999 and 2018) is a British newspaper, magazine and digital publisher. It is one of Britain's biggest newspaper groups, publishing 240 regional papers in addition to the national Daily Mirror, Sunday Mirror, The Sunday People, Daily Express, Sunday Express, Daily Star, Daily Star Sunday as well as the Scottish Daily Record and Sunday Mail and the magazine OK!. Since purchasing Local World, it has gained 83 print publications. Reach plc's headquarters are at Canary Wharf in London. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index."

I am highly sceptical of most media claims about coins selling for ridiculously high prices on ebay.

In most cases that I have delved into, the item concerned:

Cannot be found on ebay

Is merely listed for sale, but not sold.

Is listed for sale, with one or more bids, but not sold.

Is showing as "sold", but without any feedback supporting its status.

 

My conclusion from these cases is that few if any people are actually so stupid as to pay the incredible prices cited. I guess most other TSF members will think along similar lines.

So why do these stories persist?

It is almost certainly in ebay's interest to promote, encourage, or at least not to discourage them. It encourages "me too" behaviour, indeed there is already evidence for this in this thread @coinory appears to have listed his own coin on ebay. Most "me too" listers probably think "well it's only a few pence / pounds to try it", but repeated millions of times worldwide, this must add significanly to ebay's profits.

Newspapers love to run these "clickbait" stories, partly because it's the sort of story their gullible readers like to read, so why disappoint them? The stories are not easy to disprove or expose. It is never easy to prove a negative. I would be more inclined to believe the "Freddie Starr Ate My Hamster" story.

It is quite easy to set up fake accounts on ebay, and "shill" bid on your own or a friend's items. Reasons for this may vary.

In the case of Reach PLC, with about 240 publications, they can run a similar story in a different publication, with different journalists / editors names, every day of the week, with minimal actual journalistic input or effort. It hardly matters whether there is any truth or real merit in the story, and there are few people likely to challenge the accuracy or honesty or the "reporting".

I speak with some experience, as I waded through much of their garbage in the copyright abuse case mentioned here: 

Where some of @ChardsCoinandBullionDealer's high quality, copyright photos were recycled in connection with multiple different "news" stories about valuable coins in your change.

Many of the "facts" included in Reach PLC's reports include quotes by ChangeChecker (for example "ChangeChecker expert Alexandra Siddons previously told The Mirror..."

Changechecker.org and associated Apps are copyright of 288 Group Ltd.
Change Checker and the Change Checker logo are Registered Trademarks in the UK of 288 Group Ltd. Privacy Policy. 

The Westminster Collection, a trading division of 288 Group Ltd. 288 Group Ltd Registered in England 2000413. Reg Office: Russell House, Oxford Road, Bournemouth BH8 8EX.

It's my guess that the publicity gained from providing such "expert" quotes to media hacks is good for business at ChangeChecker, Westminster Collection, and 288 Group, and probably helps to massage their sales.

Some more cynical people than me might think that they are part of a conspiracy theory to promote such "get rich quick" stories. While I have nor evidence of this, I do wonder how expert some of their "experts" really are.

While mentioning Westminster, I should probably mention that they also used Chard copyright photos on at least one occasion. We took legal action against them, the results of which are published here:

https://www.goldcopyright.co.uk/legal-cases/westminster-collections/

I took the time and trouble to search ebay "sold" listings, and could find no trace of a Brexit 50 pence haviing been sold on the 23rd of January 2022, although I notice that the article does not state which year it was referring to "One coin sold for £650 on January 23, and other ambitious sellers are asking for as much as £865 for theirs...".

The highest price is could find in my search was for a gold proof version which does appear to have actually sold for "Winning bid: £2,051.66".

A "RARE BREXIT Commemorative Collectors Fifty Pence Coin Souvenir Worth £21,000" "sold" for £1600, but the lack of feedback leads me to conclude that this was untrue and false.

One "sold" for £200, but again the lack of feedback leads me to conclude that this was untrue and false.

Another reported sale at £50 was described as "CHEAPEST 50p COINS FIFTY PENCE KEW GARDENS BEATRIX POTTER OLYMPICS BREXIT", so can probably be ignored.

Yet another "2020 Britain Brexit 50p fifty pence .925 Silver proof coin 8g Lot 32" sold for £35.01, but it was a silver proof.

None of the other 32 "sold" listings were at a high price, and were not worth mentioning here.

My conclusion from checking ebay is that there was no such actual sale, and that the media report was inaccurate, misleading, unfounded, inadequately checked, unprofessional, and possibly dishonest.

The 9 ebay listings shown in the screenshot appear to have been "current" listings, in progress as opposed to "sold" listings. These could easily have been spoofed aby anyone making a bid (5 items had 1 bid showing), which could then have been retracted without any penalty or difficulty. They can probably all safely be ignored as any evidence supporting the "sold" claim.

@dicker makes an excellent point about money laundering, which I had not considered.

There is an old saying "Don't believe everything you read in the papers", which probably needs updating to "Don't believe anything you read in the papers", or see on ebay.

😎

 

Wow never thought about this, Thanks for sharing your insights , Everyday something new to learn  Just one thing though these listings above are in sold section (Some of them are not showing in sold section so they were deleted or fake accounts)  Maybe they sell but not deliver or something like that ?

Welcome to the TSF  

1 hour ago, Bruce06 said:

Many people will become rich if the price is real, too good to be true😅

Thanks for sharing.

 

IKR … Actually my wife noticed it and told me If I had one lol, Luckily I did, Listed it in auction lets see how much this one will go for lol, I feel s****** for doing it but just wanted to test things out... 

Came across this news https://www.nottinghampost.com/news/nottingham-news/uk-50p-coin-sells-650-6544388 
Who is buying these coins 😮