Author Topic: Ebay sellers´sales method?  (Read 14285 times)

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Offline KeyDate1/2ozPandas

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Re: Ebay sellers´sales method?
« Reply #30 on: March 19, 2014, 02:14:50 AM »

That means:
- For over 20 years, the proof medal was WITHOUT milk spots while in its original plastic capsule
- Milk spots only developed after I sent it to NGC for grading
- It returned to me with PR69 grade and with lots of milk spots all over
- That was the last time I ever send anything to NGC

It is common to have white spots develop on silver coins after an OMP coin is removed from air tight capsule.  For the coin you discussed above, if you had removed the silver coin yourself and let it sit in your house for 2 weeks exposed to the air, it too would have developed white spots.  Same goes for sending it to PCGS and letting them open it and exposing it for 2 weeks to air.  That is risk one takes when removing silver from an air tight capsule and exposing it to air, which reacts with the impurities on the surface of the coin and causes these milk spots.  For expensive large silver coins, I always pay for expedite service at NCS, which will remove the coin from the capsule and hopefully conserve it immediately thereby neutralizing the impurities before they have a chance to irreversibly react with the air.  

As for grading, it is possible to get PF69 with small white spots if everything else with the coin is perfect.  Also at the time of grading the coin may not have white spot but a 1-2 weeks later after the coins arrives at your house it may have developed a white spot.  

Offline 1668Chris

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Re: Ebay sellers´sales method?
« Reply #31 on: March 19, 2014, 08:27:00 AM »
That is not true, I had a NGC PR69 silver proof medal (dated 1988) that developed milk spots only AFTER grading and it is a PR69. Before I sent it to NGC, it doesn't have milk spots at all.

That means:
- For over 20 years, the proof medal was WITHOUT milk spots while in its original plastic capsule
- Milk spots only developed after I sent it to NGC for grading
- It returned to me with PR69 grade and with lots of milk spots all over
- That was the last time I ever send anything to NGC

NGC did not cause the milk spots.  They existed on the coin in their omp state prior to your submission.  They only revealed themselves when the omp was opened and the impurities on the surface of the coin reacted.

Also, regardless of the grade assigned by NGC, my personal opinion is that a coin with milk spots will have less value vs. one that does not even if they are assigned the same grade.  Actually, I avoid buying any coins with milk spots like the plague.  I would just rather wait until a better example is available.


Offline jleary

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Re: Ebay sellers´sales method?
« Reply #32 on: March 19, 2014, 07:25:28 PM »
 
NGC did not cause the milk spots.  They existed on the coin in their omp state prior to your submission.  They only revealed themselves when the omp was opened and the impurities on the surface of the coin reacted.

Also, regardless of the grade assigned by NGC, my personal opinion is that a coin with milk spots will have less value vs. one that does not even if they are assigned the same grade.  Actually, I avoid buying any coins with milk spots like the plague.  I would just rather wait until a better example is available.


I agree with you Chris, If I had two ms69 coins sitting side by side I would pick the one without the milk spots. Even if the price was higher. I had a couple of 2011 MS69 silver pandas graded by PCGS that had milk spots, just sold them all on ebay.

Offline Canadiancoinguy

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Re: Ebay sellers´sales method?
« Reply #33 on: March 19, 2014, 09:38:29 PM »
I agree with Chris as well. I believe that milk spots are an existing issue from the time the coin was minted. Not all coins come sealed from the mint. In Canada some of our bullion coins are not mint wrapped/sealed and consequently the milk spots are easily detectable on our version of the panda, the Maple. I have seen hundreds if not thousands of bullion coins with milk spots. It is an oxydization for sure. In my opinion, it should only affect the grade on a proof coin as opposed to a MS grade coin simply because (and I know this is a contentious point amongst collectors) there are 150 year old coins that grade ms-65 and are as black as coal. The oxidization on the surface does not affect the quality of the coin.

My .02¢
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Offline PandaOrLunar

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Re: Ebay sellers´sales method?
« Reply #34 on: June 17, 2014, 09:36:15 PM »
Bug the heck out of me that certain seller auction item coming near to the end and the current price is not what they wanted, cancel the item, and relist with the starting price of what they "wanted".  Why not just do it right the first time or list with a reserved price.  

All that time spend waiting for the item to end, I could be doing bid on something/someone else.

My P.O. 2 cents of the day.
« Last Edit: June 17, 2014, 10:11:51 PM by PandaOrLunar »

Offline jwa1inv

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Re: Ebay sellers´sales method?
« Reply #35 on: July 28, 2014, 05:52:48 PM »
Cancelling an ongoing auction with actual bids already placed is
"bargaining in bad faith" and unacceptable practice in general.
I am bugged more often by obvious shill bidding, another form
of bargaining in bad faith. Bidders who incrementally bid up until
they get the high bid, then retract, are most likely shills for the
seller.
Buyer's protection from such things MIGHT help justify EBay's
high seller fees. for which the buyer pays up. The buyer loses
in bad faith bargains and pays up too much when he wins.
EBay is soft on these practices, however.

Offline bekiz

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Re: Ebay sellers´sales method?
« Reply #36 on: August 11, 2014, 02:08:21 AM »
Cancelling an ongoing auction with actual bids already placed is
"bargaining in bad faith" and unacceptable practice in general.

that is a response from some sellers that are 100% at risk when selling while buyers risk nothing

Offline funcoins

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Re: Ebay sellers´sales method?
« Reply #37 on: April 03, 2015, 02:00:51 PM »
I agree.  Once bids are placed the auction should be locked from the seller cancelling it.  The seller should set a minimum price if that is what they want.