What do we think?

[Leonmarsh]

Been offered this red dragon of wales proof for 550 

A) is it a good deal? 

it's from bloody ebay I have got these pics and the original h and b receipt with his name blocked out 

Looks legit but hate buying from there 

Thoughts? 

 

[BackyardBullion]

Simply based on the fact it has been removed from it's capsule to be photographed means I would not buy it. Unless the seller is a professional coin dealer with a lot of experience handling proof coins it will be compromised some how.

[FabulousLunar]

1 hour ago, BackyardBullion said:

Unless the seller is a professional coin dealer with a lot of experience handling proof coins it will be compromised some how.

Such dealer would never remove proof coin from capsule.. Capsule can be carefully opened, but coin itself should never be touched by hands. Also even on those pics it is clearly seen scuffs on queen's face and possibly hairline scratches under her chin.

[MrTT]

Stay away from ebay

[Coolsmp]

Why would someone open the capsule. Clearly he didn't realise that he has now devalued his coin and lost more than the overprice he paid for it in the first place.

[Robda1986]

Nope issue 1 he removed coin from capsule and 2 my gut feeling 

[Chorlton]

Removing a proof from a capsule that was never opened from new is generally a bad idea. The condition can only likely get worse unless you are very lucky and it remains the same. I have a proofs in unopened capsules who’s condition is noticeably different from those that have been opened and especially handled such as the proofs I bought at near spot a while back which had condition issues.

[Leonmarsh]

Thanks all for your help

[Midasfrog]

The 1/4 Proof Dragon was very difficult to purchase from the RM as a perfect specimen , there was lots of issues with the striking.

The one in the picture looks like it has a frosting problem on the wing , plus there is dust on the coin 👍

 

[Xander]

Looking close up this coin looks like it has lots of marks. I dout it would grade well. More like bullion value to me.

[Hunter87]

On 08/11/2020 at 19:38, BackyardBullion said:

Simply based on the fact it has been removed from it's capsule to be photographed means I would not buy it. Unless the seller is a professional coin dealer with a lot of experience handling proof coins it will be compromised some how.

It’s been exposed  to air OMFG 

[BackyardBullion]

8 hours ago, Hunter87 said:

It’s been exposed  to air OMFG 

Yeah, despite your random sarcastic tone for no known reason, this is a big deal actually. 

Dust particles are everywhere and will most certainly get on the coin as it sat out on the table to be photographed.

[Hunter87]

5 hours ago, BackyardBullion said:

Yeah, despite your random sarcastic tone for no known reason, this is a big deal actually. 

Dust particles are everywhere and will most certainly get on the coin as it sat out on the table to be photographed.

By that logic it would have picked up dust at the royal mint then before it was placed into the capsule.

[BackyardBullion]

3 minutes ago, Hunter87 said:

By that logic it would have picked up dust at the royal mint then before it was placed into the capsule.

Not at all! 

The manufacturing facilities that make these coins have the facilities to protect the coins. They have sealed rooms, they have the equipment to clean the coins when they are made if there are any particles that end up on the coin. 

There is a very distinct difference between the mint making the coin in a controlled environment and you opening it at home. 

Can you really not understand this basic principle or is this just you goading people to conflict? 

[Hunter87]

2 minutes ago, BackyardBullion said:

Not at all! 

The manufacturing facilities that make these coins have the facilities to protect the coins. They have sealed rooms, they have the equipment to clean the coins when they are made if there are any particles that end up on the coin. 

There is a very distinct difference between the mint making the coin in a controlled environment and you opening it at home. 

Can you really not understand this basic principle or is this just you goading people to conflict? 

Your hardly being baited into conflict are you! 

[BackyardBullion]

Just now, Hunter87 said:

Your hardly being baited into conflict are you! 

Your sarcastic tone and completely inappropriate twisting of logic speaks otherwise. 

[Hunter87]

Just now, BackyardBullion said:

Your sarcastic tone and completely inappropriate twisting of logic speaks otherwise. 

I just don’t agree with you that’s all,  it’s nothing personal try not to take it as such. 

[cravethatcoin]

Personally I would always have some concerns with eBay. But no doubt there are deals to be had there as with anywhere.

By far the best selling experience I have had trading has been this forum.

[BackyardBullion]

1 minute ago, Hunter87 said:

I just don’t agree with you that’s all,  it’s nothing personal try not to take it as such. 

And that is fine, but have a think about how you type things and come across in text format in the future. 

Also, it's not the first time you have been sarcastic or combative singling out my comments on threads. 

[Hunter87]

1 minute ago, BackyardBullion said:

And that is fine, but have a think about how you type things and come across in text format in the future. 

Also, it's not the first time you have been sarcastic or combative singling out my comments on threads. 

Sorry I will try not to disagree with you in the future. 

[BackyardBullion]

1 minute ago, Hunter87 said:

Sorry I will try not to disagree with you in the future. 

That's not what I said....its about your tone and attitude. Feel free to disagree with me all you like, just do it in a way that makes you come across a little less rude and sarcastic.

[FabulousLunar]

1 hour ago, Hunter87 said:

I just don’t agree with you that’s all,  it’s nothing personal try not to take it as such. 

That's a bad argument. You can buy any coin for yourself it's your decision. But here you are trying to make a bad advise and if topicstarter gonna listen to you he would loose his money. And problem not in dust, when it comes to gold coin its not a big deal. Moreover I saw dust on many silver proof coins, usually that is dust from velvet case. And all those coins were fine. But in case with that dragon coin we can see mechanical defects which would affect price dramatically. Right now that is not collector coin anymore and price for it is the same as for any 1/4 gold bullion coin. Would you pay such price for bullion coin? Here all visible defects. And I can bet coin has even more of them.

[Leonmarsh]

Thanks all 

I haven't gone ahead with the purchase based on more experienced peers, I respect all Input and take it as so 

[Chorlton]

It does depend on whether you are looking for pure bullion value or the more collectable value in part based on condition. It is just a case of deciding why you are buying before hand and not making the many impulse buys we all do from time to time !