Jump to content
British Coin Forum - Predecimal.com

50 Years of RotographicCoinpublications.com A Rotographic Imprint. Price guide reference book publishers since 1959. Lots of books on coins, banknotes and medals. Please visit and like Coin Publications on Facebook for offers and updates.

Coin Publications on Facebook

   Rotographic    

The current range of books. Click the image above to see them on Amazon (printed and Kindle format). More info on coinpublications.com

predecimal.comPredecimal.com. One of the most popular websites on British pre-decimal coins, with hundreds of coins for sale, advice for beginners and interesting information.

Mynki

Newmismatist
  • Content Count

    209
  • Joined

  • Last visited

  • Days Won

    1

Everything posted by Mynki

  1. Mynki

    advice on coin prices

    So, what dealers have a decent selection of third and quater guineas which are graded honestly and sensibly priced? Incidently I recently bought a very poor example of one from ebay. Just for interest purposes really. It was a BIN listing with a 'make an offer' option. I placed an offer which was significantly below the asking price and just above it's bullion value. My offer was accepted in two minutes. It's arrived, it is genuine, and in the poor condition I expected. Ironically, others in similar condition make more than I paid at auction consistantly. I reckon if I auction it with a starting price of 99p I'll make a tiny profit because some people like the excitement of bidding more than a BIN price. I once offered for sale a bottle of Karuizawa whisky online at a cost of £240. I received a couple of cheeky / insulting offers which I declined and so placed it in a Scotch Whisky Auction instead. The bottle achieved over £500 before 10% commision. Probably bought by a Chinese collector or investor. It's always interestinghow these things work.
  2. Mynki

    CGS Grading again

    What attributes would a coin have to have before you thought it would be worth sending for CGS grading. For example, estimated value, grade etc. What would stop you having a coin slabbed? Serious answer only please. I fully appreciate that some people greatly dislike the idea of slabbing a coin and I fully respect their reasons for doing so. Thanks in advance.
  3. Mynki

    Guineas

    Do many people specialise in collecting these? Thanks in advance.
  4. Mynki

    1934 Crown

    If Chards report it themselves, then it should be removed. A process that they're not unfamiliar with... http://taxfreegold.co.uk/thelondoncoincompanylimited.html
  5. Mynki

    1934 Crown

    But why would it be? No offence, but the ebay call center worker doesn't know you from Adam and so would ignore the reports because they could well be malicious or they may believe that you could be wrong etc. And if the listing isn't breaching any of their policies that they can see at least, then they wouldn't remove it if just working with the reporting feature. An approach from a respected group either directly or via the police might get better results.
  6. Mynki

    1934 Crown

    Wouldn't it be great if eBay pages had a facility such that rogue items could be reported? Oh wait... Yeah, the problem is, if they were to take direct and immediate action the place would be flooded with malicious reports. It needs a more measured approach. Indeed, but the consequence is that no action is taken and hence the reason why eBay is awash with fake goods. They do take action. Just not enough for some, which I understand. I suppose you could criticise banks in the same manner for laundering money. Despite the checks they have in place to try and stop it, the reality is they'll never stop it entirely, just as ebay won't stop every fake item on there. I have had around 200 - 250 listings removed when I've reported the seller for using my image or listing, some cheeky bar stewards have even copied them word for word! And for breaking duplicate listing policies, so in my experience I can only say they will take action when provided with proof that their rules have been broken in my experience anyway.
  7. Mynki

    eBay Query (selling advice)

    I think I'd stand about as much chance of that as you would in pointing me in the direction of where I ever disputed that! Seven days without payment is still very bad form. I'd never consider leaving a seller in the lurch like that!
  8. Mynki

    1934 Crown

    Wouldn't it be great if eBay pages had a facility such that rogue items could be reported? Oh wait... Yeah, the problem is, if they were to take direct and immediate action the place would be flooded with malicious reports. It needs a more measured approach.
  9. Mynki

    1934 Crown

    Oh I wouldn't give up so easily. Ebay has had an appaling reputation over the years and they have worked very hard to try and rectify this. I only skim read the thread on a new group but I understand why people want it. Think of the credibility the group would achieve if they did get a result. We all hate scammers after all, so why not try and fight them? Perhaps a call to the police alerting them to your concerns would be a starting point? After all the combined value of the three coins is significant. The police would at least be able to contact the buyer in theory who may then be able to get his money back if it was proven the seller had bought the coins direct from China as suggested. What the idea needs is someone with courageous integrity to investigate what can be done, and to see it through if possible.
  10. Mynki

    1934 Crown

    Thank you for the link. I asked because I wondered if ebay's trust and safety department would be interested in such dodgy practises? Perhaps the new group borne out of this forum could pursue a line of enquiry and offer to work with ebay to help reduce the number of such listings? Just a though.
  11. Mynki

    Guineas

    Paulus - It's simple really, I've basically looked at available stock, got the Spinks code and created an Excel spreadsheet with all the sales going back over the last five years. I didn't really see the point in going back much further etc. Basically you record the coin code, year, condition, auction house, date, lot number and other pertinent details as well as the sales price. There are a couple of formulas in there to add buyers premiums and related costs etc depending on the relevent auction house. You can then see a real world price as opposed to what is in the Spinks catalogue etc. I've only done a few coins that I'm interested in so far, but I'm sure it will grow into a worthwhile resource in time as and when I've added more data etc. I'm sure many of the dealers on here have something very similar, but likely with far more useful data than mine at present. Hope that helps. Peter - The gentleman has been informed. He does acknowledge that his price is somewhat ambitious, however as he only paid £43 for it apparently, then he's happy to sit on it for some time....
  12. Mynki

    eBay Query (selling advice)

    Exactly, that's why I used the word 'moot' twice as it's irrelevent to this discussion. Incidentally the rules for BIN's and auctions are the same in this context, so I'm resisting going for the hat-trick at present... None of our 1200 or so BIN listings demand payment immediately. Though I believe you can set your settings so that listings can be set for immediate payment, very few people do though as you really want your customers to browse your shop and purchase multiple items ideally, this would cause an issue for many as customers wanting multiple items would pay multiple P&P charges potentially. You'll find too, as previously stated, that when you do start opening cases people tend to pay up sharpish. It's very rare that they ignore this as they receive a strike against their account. Some sellers including myself have their shops configured to reject bids from buyers with so many such strikes against them so you can avoid the timewasters. Slightly off topic, but it could be of interest to some in the future when coming across bad payers etc. Perhaps much less relevent to small volume sellers.
  13. Mynki

    eBay Query (selling advice)

    There are some very large businesses trading on ebay these days. However find e one, just the one will do that will accept payment after three months on a buy it now auction. You're point there is somewhat moot in context. Yes there is a seven day rule, but why then can yoiu open a case after just three days? lol If you read the ebay rules you will see that commiting to buy is a binding contract, so you've made a second moot point when referrring to buyers who say NO after placing a bid etc. I fully apreciate that there are certain very specific instances where a bid retraction can be made. But again these are not relevant in context. It would be a foolish seller indeed who packed and shipped goods without receiving payment via an ebay member indeed! You wouldn't be covered by either ebay or paypal seller protection policies for a start.
  14. Mynki

    eBay Query (selling advice)

    If you read ebay rules on payment it states a buyer is allowed 7 days to pay. I think opening cases after 3 days is a little pushy in my opinion, i would certainly open one after 5 if a buyer had'nt emailed too say it would be delayed or payment would be made on a certain day. I'm well aware of all the rules. Many traders have their shops automatically configured to open a case after three days. I'm happy with just the two complaints out of all of the instances where this will have occured. I don't think it's pushy really. Look at it from the sellers point of view, we're currently doing several hundred orders per month, I expect to be around 900 ish in november. Is it fair to keep the seller waiting? Particularly when all of our listings are buy it now etc.
  15. Mynki

    eBay Query (selling advice)

    Two of my shops are configured to open a case after three days. In several years of trading and tens of thousands of transactionsI've only ever had two people complain. I think most people know that they should be paying up and opened cases are usually closed within a couple of days as a result.
  16. Mynki

    1934 Crown

    I don't suppose you have a link to the seller do you please Peter?
  17. Mynki

    Provenance

    How important is it from an investment point of view? Is a coin auctioned by a reputable auction house sold from a known collection more desirable? Your thoughts please...
  18. Mynki

    Quick query

    Another newbie question. Is London Coins related to The London Coin Company?
  19. Mynki

    Guineas

    I collect guineas by type. They seem to have very high prices for an item that most people don't appear to collect. I suspect most people buy one or two they like and that's it. The rarity ratings for guineas and prices in the various catalogues are wildly out (IMHO). Philip I've noticed the prices in Spinks catalogues being wildly innacurate. I've created a spreadsheet detailing grade and prices realised of some issues over the last few years from popular auction houses and there is a massive difference. As much as 100% with some!
  20. One of the things that has stopped me from making numerous purchases is the fear of being ripped off. I've looked at various offerings on ebay but just don't believe the UNC or EF ratings. In fact I've almost convinced myself that if I were to make a purchase online then the coin will likely be one or even two grades below what it is advertised at, unless it's from a very reputable dealer. Perhaps you should link to the vendors website and invite him to post a reply if he wishes to do so. This often happens on other forums I frequent and can be very useful on occasions as long as it's all done politely.
  21. Mynki

    Guineas

    So, just out of interest, what would you all value this coin at? http://www.ebay.co.uk/itm/Guinea-22ct-GOLD-COIN-George-III-1804-/171506612641?pt=UK_Coins_BritishMilled_RL&hash=item27ee9739a1 I can't see it being worth more than £120 - £150 but value your thoughts.
  22. Mynki

    Who can sell me?

    Now that I have your attention... In order to further my appreciation of coin grading I wondered if someone could sell me four identical milled coins. Same design and year obviously in UNC, EF VF and F condition. I wouldn't want to spend more than £50 on the whole set as it's purely for educational purposes. If anyone can assist, please drop me a PM. Thanks in advance.
  23. Mynki

    Who can sell me?

    I always knew I should have selected a more masculine screen name. Sound / Peckris - I've been meaning to buy that book for some time. I'm sure it would teach me infinitely more than four coins ever would. But I'd also like to obtain the coins also. So I could also teach my son too as we're collecting together / building his inheritence etc. Thanks for all the feedback.
  24. Mynki

    CGS Grading again

    Thanks for all the feedback. As a relative newbie it's very intersting to read the thoughts and opinions of very experienced collectors on both sides of the fence. Despite being in the UK I have interests in the US and spend several weeks of the year there, so I can to some extent appreciate the differences in opinion. Particularly in relation to marketing! I can see why many in the UK won't be convinced by the 'hype' though, and while there is obviously some valid reasons to slab, equally there are others not to. The situation is quite easy to compare to sport hunting. A typical UK hunter hunting in Africa is more likely to just be happy with an animal taken during a hunt. An American is far more likely to want to have it measured as a trophy with a recognised measuring service, comparable to a TGG etc. Whilst in recent times measureres of trophies in the US have created an industry out of trophy hunters. Sometines reducing the size of horn or antler required to meet a specific grade etc. It's quite obvious to me that the US TPG business model shares many similarities along these lines. Somebody mentioned the strong opinions of those who are pro slabbing. I'm not surprised, from their point of view anything disagreeing with their opinion is a potential threat to their investment, so the seemingly hard line stance taken by some can be appreciated.
  25. Mynki

    CGS Grading again

    Azda, forgive my ignorance but I'm not 100% sure I understand.At the risk of looking foolish, do you mean that would be a reason to slab or not to slab?
×