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      NGC has launched a new and improved NGC Journals! Available on NGCcoin.com, the new NGC Journals improves upon the popular platform to write blogs and discuss them with other members. The new NGC Journals has an improved design that makes it significantly easier to post and read journals from any device, including smartphones and tablets. Adding images has been made much simpler, and the NGC Journals now give users the ability to create polls and "like" other entries. A popular feature of the old NGC Journals was the ability to open an entry to comments from other users. This feature has been retained and enhanced — users can now comment on the same page as the original Journal entry, creating a seamless experience. Best of all, the same login can be used to post Journals, make comments and access the other features of the NGC website. Old NGC Journals entries will be migrated to the new NGC Journals soon. In the meantime, users can make posts to the new NGC Journals. To get started, create a Journal and make an entry. Unlike the old NGC Journals, you create a single Journal and then add new entries to it. Your Journal can be customized with a cover photo, and you can choose to make it available to all users or only to the users that you select. You can also choose to receive notifications whenever people comment on one of your entries. Scroll below for helpful tips on using the new NGC Journals or go to the new NGC Journals now >   Instructions / Tips To get started, you must first create your Journal and then you can add entries to that Journal. Choose Journals from the Browse menu if you are not already on the Journals page

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Do I Look Like I Was Born Yesterday posted by hunter's gold
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11 posts in this topic

Don't be a chump

 

Hi everyone. Was looking on Ebay today trying to add some Lincolns to my registry set when I came across listing number 200331820150. It is for a 2005D NGC MS69 Red Lincoln memorial. I made an offer for $95.00 which is a little over list and was rejected. I then realized the seller was asking $995.00 for this coin. Are you #%*@^+% kidding me. I ask the seller if I had misread the list price and his response was that this is a

Business Strike coin and not a SMS coin. I am very aware of the difference. Wow, some people have a lot of nerve. This coin list for $69.00. It has a population report of 94. I am not an expert by any means because I have made my share of collecting mistakes over the years and it is sellers like this hoping to take advantage of a CHUMP. I took my share of lumps buying coins without having the proper knowledge or info. You should be ashamed of yourself. I do not know how sellers like this do it. Look for yourself and see. $69.00 coin listing for $995.00. Do I look like I was born yesterday?

8163.jpg

 

See more journals by hunter's gold

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His coin; he can ask anything he wants for it. Whether he gets it or not is a totally different thing.

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Yes, it is his coin. These are the types of ad I used to post on the "Joke of the Day". Price gougers will stick by their prices.

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This is one of the results of changing ebay fee structures. There are now much, much fewer true auctions...and dealers are taking advantage of negligible fees for listing all of their coins in BIN and asking 5-10x values for them ( and they sit there month after month after month)..but it only takes one new collector or uneducated buyer to fall for these crooks tactics to make it worth while for them...

 

If you think "crooks" is too harsh a word, try selling something else, like a used car as "rare" when there are many, and asking 10x the blue book value--you'd probably end up in court...

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I agree it's their coin and they can ask what they want but it shows a lack of moral character. Someone who knows the value of the coin isn't going to pay the price so it seems he's intentionally targeting people new to the hobby or just plain unaware. That's a shame because the person who spends a grand on a penny to fine out it's worth $70.00 is going to carry a negative impression of the dealers in the hobby with him for quite awhile.

 

 

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I agree it's their coin and they can ask what they want but it shows a lack of moral character. Someone who knows the value of the coin isn't going to pay the price so it seems he's intentionally targeting people new to the hobby or just plain unaware. That's a shame because the person who spends a grand on a penny to fine out it's worth $70.00 is going to carry a negative impression of the dealers in the hobby with him for quite awhile.

 

 

On the contrary, the person who pays a grand for a coin without doing even the minimal amount of research necessary to discover the true market value of the coin has only himself to blame. He obviously has internet access since he's shopping on ebay so how hard is it to look at a price guide?

 

 

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I'm going to have to disagree with you on this. $1000.00 for a $70.00 penny is an egregious example with a HUGE difference in asking-price and actual value. I would imagine most of these are more of a doubling or tripling in value for a coin and are harder to determine, especially when price guides vary as much as they do.

 

Price gouging varies in it's forms. I don't begrudge anyone from trying to make a profit on their coins. In fact if the guy gets a grand for his Penny, good on him. I still find him to be an unscrupulous person and a poor reflection on the community. If he is in fact tied into NGC or PCGS his character would reflect the character of those companies by virtue of association.

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Unfortunately, anyone can ask anything they want for an item he wishes to sell. It's up to the potential buyer to set the market value by either agreeing to the price, rejecting it outright, or offering a lower price.

 

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I did state that anyone can ask what they want when selling an item, but over 15 times the actual cost is very unprofessional for some one that is a certified NGC coin dealer. This seller is by far one of the worst offenders on Ebay

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the same person who thinks it is okay to sell an uninformed buyer a $70 coin for $1000 will also offer some little old lady $70 for her dead husbands $1000 coin set...

 

 

I find this thread depressing, what happened to right and wrong? The world has gone bizarro more everyday..now it is the victim's fault for being robbed...probably the victims fault for being mugged ( should have researched how dangerous the neighborhood was)..the victims fault for being raped ( shouldn't have worn provactive clothing)...sheesh..I think I'm gonna take another long hiatus from these forums...

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This is the same guy who used a photo of one of my Kennedy's in an auction on E-Bay. Yes I caught him and filed a complaint

Just check out the E-Bay name that should give you a clue of how much honor he has.

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