"GEM/BU" raw rolls of Walkings really are AU's, FURIOUS

[neilgin1]

from 2008 on, I've bought a LOT of raw rolls of 90%'ers, MOST "GEM BU's"........as well as ASE's and now exclusively Maples, the 14's and 15's, because of those filthy chicom counterfeiters.

what I was trying to do, was play both and intrinsic value Ag stack, with a couple toes (potentially) in the numi field.

I joined PCGS to cherry pick those coins that will grade high, slab 'em, and offer them at Auction....I got 4 digit stuff....anyway, there is a WELL KNOWN seller on Ebay...I will not name, but if you follow raw rolls of US 90%'s on Ebay you'll know who I speak of.

this guy has been consistently offering 40's era raw rolls of "GEM/BU Walking Liberty Halves, and I watch guys bid up and pay anywhere from 35 times to 75 times face for a $10 roll. I was ALWAYS suspect of this c##ksucker, because the only picture he would put up, was the roll arranged vertically, coin over coin, with no magnification. that's it.

tempted as I was, I only ONCE , snuck in, and picked up a roll of 1941-P "GEM/BU", for maybe 31 times face, which is at the LOW end of what guys were bidding....and the guys that bid for these rolls were not noobies, they had thousands, if not hundreds of transactions...now this has sold a LOT of "GEM/BU" 90's, Morgans, Walkings and Franklins, like I think he's got 70,000 plus transactions with a 99.8% pos rating.

the other day, I take out my lonely little 41-P 10FV roll to loupe and glass, looking for the MS-65's and over to send in, and believe it or not, I have a harsh graders eye. I reference on site, what PCGS as graded say as an MS67, glass a coin, wobble it, first the obverse, reeds, reverse...and if i'm not absolutely CERTAIN, its a 65 or higher, off to the side...no problem.

the first 41 Walking I look at, I look at the head of the "gal", and son of a buck, i'm looking at BEST, an AU (About Uncirculated) 58 or 55......and this one guy has sold so many rolls of Walkings, he has dumped the numi market in the 1940's coins!!! next coin, same thing, and the next and the next, etc.

I couldn't make it thru the roll, I was getting so hot under the collar...this guy (and if you're reading this you F###, I mean you) is LUCKY i'm so buried in the sticks, coz if he was anywhere near my area of operations?.....let me it lay there.

yeh, i'll look at the whole roll..LATER, but I doubt anything of numi worth is in it, so if you bought Walking's or anything from this guy, with the intent of cherry picking and slabbing....watch out, he is a LIAR, and a snake, and a discredit to the trade of PM's.

that is all....dismissed! (laughing) man, some people got no honor.....but why should they?....look at our national leadership, worthless walking stacks of meat anyway.....debates? either party?.....what a joke, they got us on the brink of global war, and nobody says a word.....no honor, no truth in high and sometimes lower places....oh well guys.....brace for impact, n

[Cu Penny Hoarder]

Never buy coins on Ebay. Anyone in the coin business will tell you that. Photos are easily manipulated.

[neilgin1]

Never buy coins on Ebay. Anyone in the coin business will tell you that. Photos are easily manipulated.

hey due respect, I am not some idiot noobie you have to lecture, I've bought ALL my raw rolls on Ebay and NEVER been ganked, in over 350 transactions....even this, wasn't really a gank, as when I bought it, I had NO intention of slabbing....his photos are NOT manipulated, they are INSUFFICIENT.....big difference.......sorry I'm not as "cool" as all you guys in the "coin business", but someday when you all are cowering in your cities and suburbs when the hammer comes down, and the crowds of starving ones are rioting about, i'll be trading my 90's and .9999/.999's for herds of beef, and sawmills, and working stills , etc.

don't mean to get "harsh".....my OB will testify that i'm bit more astute in my dealings than I let on, I just wrote the OP as a story.expierence to share...oh and btw, i'm pretty much done with buying rolls of 90's on Ebay PRECISELY because the guys in the "coin business" are cherry pickers,hence they aint true RAW rolls.

I'm only buying 25 toz rolls of new Maple Leaf, that's it.

again, sorry if I came off harsh, i'm in a mean nasty mood , nothing to do with you, n

[pennypicker]

I'm only buying 25 toz rolls of new Maple Leaf, that's it.

Very "astute" move on your part Neil. 2014 & 2015 Maples are as secure as it gets!

[Thogey]

I've got smoking deals on e-bay. Once bought a cigar box lot for 12 bucks that had a fine flying eagle cent and a 16th century cob.

I made a couple hundred on that one. Agreed that ALL coin dealers should stay away from e-bay, and all Californians should stay out of Arizona. Nothing to see here. Just move along.

[Recyclersteve]

Never buy coins on Ebay. Anyone in the coin business will tell you that. Photos are easily manipulated.

Never is an awful strong word to use. There are almost always exceptions. I've seen a few older dealers who told people to never buy on eBay. Frankly, it seemed like those who were really hard core about this were often not very computer literate. And, of course, it could be self-serving advice for a dealer who has never used eBay to tell people to stay away from it.

Think about it this way. Let's say you live 200-300 miles from the nearest city with any reputable coin dealers. If you know how to quickly authenticate and value something like U.S. junk silver or common date low-end coins and you are buying at a fair price from someone with a good track record, easily understood listing, and a solid return policy, what is the problem? I'm assuming the buyer and seller are both in the same country. Other than market risk (the price of metals or collectible coins in general collapsing) and putting all (or too many of) your eggs in one basket (a person with a net worth of $10k buying $5k from one party without knowing them) what is the real risk here?

[Cu Penny Hoarder]

Never buy coins on Ebay. Anyone in the coin business will tell you that. Photos are easily manipulated.

Never is an awful strong word to use. There are almost always exceptions. I've seen a few older dealers who told people to never buy on eBay. Frankly, it seemed like those who were really hard core about this were often not very computer literate. And, of course, it could be self-serving advice for a dealer who has never used eBay to tell people to stay away from it.

Think about it this way. Let's say you live 200-300 miles from the nearest city with any reputable coin dealers. If you know how to quickly authenticate and value something like U.S. junk silver or common date low-end coins and you are buying at a fair price from someone with a good track record, easily understood listing, and a solid return policy, what is the problem? I'm assuming the buyer and seller are both in the same country. Other than market risk (the price of metals or collectible coins in general collapsing) and putting all (or too many of) your eggs in one basket (a person with a net worth of $10k buying $5k from one party without knowing them) what is the real risk here?

So you're saying I am computer illiterate?

I know many people who have been disappointed/burned buying coins on Ebay. Buying raw coins on Ebay is just not worth the risk. Buying encapsulated PCGS certified with a verifiable authentication number is a totally different thing.

All I am saying is Caveat Emptor

[neilgin1]

you know what Penny?...you're right....Ebay?....raw rolls of 90's.....Caveat Emptor.

did I just get banged?.......naw, but i'm the lookout for raw rolls, some for intrinsic, some for numi slabbing, and i been around in other trading markets, when they just get dicey, to know a dicey market when I see it.

a lot of the stand up guys I did business with on Ebay are gone, or they selling clad numi rolls....and I notice a lot of new guys, suddenly popping with say, "GEM/BU roll of 1904-O Morgans" (starting bid of 949, and the guy has 36 transactions, that's the "tell"....guy has 36 trans, and he starts the bidding at 949?...post pictures that JUST give you enough detail so you cant do visual diagnostics)...now he COULD be okay.....but I don't have the patience these days to find out,,because listings like that I smell rice, soy sauce and fish heads

naw, i'm just gonna stick with rolls of the New Maples........winter will be over before you know it, gonna run some real numbers of poultry, we're gonna do beefers at the other place, i'm gonna ramp into an home apple orchard, see if I can find the copper to do a back wood still, or at least start accumulating the copper "fixings" (I don't drink, so if I could get the skill set to run Lightening in mason jars, that IS CURRENCY for sure, for sure.

okay we out.