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Opinion On This 1930 Penny?

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CoinOS's Avatar
269 Posts
 Posted 07/07/2019  05:12 am Show Profile   Bookmark this topic Add CoinOS to your friends list Get a Link to this Message Number of Subscribers
This is on ebay for 37,500 dollars.
223556848396







Edit:
Item # link added.

Most of us look twice when another 1930 penny turns up on ebay.
Most are obvious fakes but now and then a real one appears.

This is an interesting one and I've enlarged the supplied pic as best I can to show some detail.
Edited by CoinOS
07/07/2019 07:01 am
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Basil's Avatar
Australia
998 Posts
 Posted 07/07/2019  7:50 pm  Show Profile   Bookmark this reply Add Basil to your friends list Get a Link to this Reply
Whether genuine or fake I wouldn't go near it with a zero like that.
Anyway double the price it should be even if it was genuine.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 07/07/2019  8:01 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Seller does not offer returns. H-m-m.
Edited by Coinfrog
07/07/2019 8:26 pm
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ryurazu's Avatar
Australia
1333 Posts
 Posted 07/07/2019  11:45 pm  Show Profile   Bookmark this reply Add ryurazu to your friends list Get a Link to this Reply
might be just the light hitting the zero Basil, but yeah all 1930 pennies unless verified by professional, are suspect even if encased.
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CoinOS's Avatar
269 Posts
 Posted 07/08/2019  06:58 am  Show Profile   Bookmark this reply Add CoinOS to your friends list Get a Link to this Reply
A case of of it what it is, and those who know - know.

I've tried a dozen times to bring this seller to people's attention, and the silence is deafening.

Maybe he is 'special'.
Edited by CoinOS
07/09/2019 03:45 am
Pillar of the Community
Australia
852 Posts
 Posted 07/09/2019  07:22 am  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
The seller (Carlo) does own a number of genuine high grade 1930 pennies (he wrote an article some years ago in CAB magazine). Personally I'd get them encased by a TPG before selling them if I wanted top dollar and even then is ebay the right outlet for such pricey coins?
As for his description I'd be wary of anything described as "genuine" as that is what TPGs put on slabs with problem (cleaned) coins and it looks like either the white prongs of NGC or a cheap generic slab; if NGC then if graded then unless "details" graded the seller should show VF30 or whatever the grade is so NOT showing that indicates it doesn't have a grade.
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sel_69l's Avatar
Australia
21593 Posts
 Posted 07/09/2019  07:55 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
On screen, this one looks OK to me, except for that little dent near the '3'. It could be an coin alteration.
However, in this case, my opinion accounts for nothing.


Why on Earth would anyone want to be offering a coin of this value on ebay?,
except for advertising purposes, with no intention to actually sell.
The seller would need to have to authenticate the buyer.

For the buyer,
the seller, the coin itself, and it's provenance, all need to be independently verified,
before a sale could proceed.
Valued Member
CoinOS's Avatar
269 Posts
 Posted 07/09/2019  2:02 pm  Show Profile   Bookmark this reply Add CoinOS to your friends list Get a Link to this Reply

Quote:
it looks like either the white prongs of NGC or a cheap generic slab


That is PCCB


Quote:
the seller, the coin itself, and it's provenance, all need to be independently verified


This seller takes absolutely no responsibility for what he sells - and the ridiculous disclaimer on all his auctions is proof of that.


Quote:
this one looks OK to me


The symmetry of the 0 is wrong and the coin is suspect.
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bobby131313's Avatar
United States
23686 Posts
 Posted 07/09/2019  2:47 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
It'll be gone soon.
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Basil's Avatar
Australia
998 Posts
 Posted 07/09/2019  7:02 pm  Show Profile   Bookmark this reply Add Basil to your friends list Get a Link to this Reply

Quote:
Why on Earth would anyone want to be offering a coin of this value on ebay?


It happens all the time,esp. the last 10 years or so on ebay Oz. when the Chinese fakes started to appear in numbers.
I think the rationale is that a wood-duck will think its genuine at that price and spend their tax refund(lottery win or whatever) on it.
Plenty of egs. of Sellers going for the one off big kill with a fake/stolen Coin.
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sel_69l's Avatar
Australia
21593 Posts
 Posted 07/09/2019  7:27 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I have to agree with coinOS
The last digit of the date '0' looks wrong. (altered)

Whatever the reputation of the slab it happens to be,
that reputation also has to be brought into serious question.
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Australia
852 Posts
 Posted 07/09/2019  8:12 pm  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
I think CoinOS is correct about it being a PCCB slab. I wouldn't call that companies reputation into doubt as it has no reputation
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bobby131313's Avatar
United States
23686 Posts
 Posted 07/09/2019  9:49 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
It's gone.
Valued Member
Australia
145 Posts
 Posted 07/22/2019  04:28 am  Show Profile   Bookmark this reply Add serenitystan to your friends list Get a Link to this Reply
"AGAIN! WARNING WARNING WARNING! Do Not Buy From ebay Seller euc-55. LIAR-CHEAT-FRAUDSTER...
Valued Member
Australia
145 Posts
 Posted 07/22/2019  04:32 am  Show Profile   Bookmark this reply Add serenitystan to your friends list Get a Link to this Reply
I do not know how the seller of that 1930 penny keeps a 100% score.. Have seen negitive feedback on his score only later to see that it has been removed...?
Valued Member
CoinOS's Avatar
269 Posts
 Posted 07/22/2019  06:05 am  Show Profile   Bookmark this reply Add CoinOS to your friends list Get a Link to this Reply

Quote:
It's gone.


It's back.
293149552497

The seller has added five thousand dollars which is entirely reasonable given the work involved in relisting and emotional distress he must have endured on being accused of the unthinkable.


Quote:
I think CoinOS is correct about it being a PCCB slab


So do I.



Quote:
WARNING! Do Not Buy From ebay Seller euc-55


Affirmative !





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