Amateur collectors and sellers.

The bane of all serious numismatists are the people who sell you junk and then think their stuff is worth millions and my home ebay site (Trade Me) is ful of brainless dreamers who sell their pennies and 5 cents coins at like $1000 each as they are lucky.

Coins like stamps must be the most overdescribed and over highly conditioned things in the world. It is amazing how many Poor/Fair coins are descrbed as stunning and nice on these sites.

What are some of the most overpriced and worst described coins you have seen.

These are some of my favourites over the years

"I have a 18th century penny" - Turns out to be 1899 and worn to death (Many of the uneducated think the 18th century is the 1800s)

"It's in great condition, since its been through two world wars" - so what, did the coin actually serve or was it in a dead soldiers pocket?

"Silver and rare as heck" - a worn 1945 3d with 35 cents worth of silver in it.

"Exotic coins from all over the world" - Likely to be 1c and 2c quality coins from Eastern Europe or Latin America that are completely worthless.

"Scarce high values" - if you consider 50 centimes from France and 5c coins of most British countries high values.

What are some of your overdescribed dreamer terms?

Too numerous to mention but I recently saw an ad for a " a mixed lot of 950 unsearched, rare and highly collectible" Buffalo nickels for the bargain price of $11,000 U.S.

Just ignore them and move on in life. That is what I do. If some other person purchase it, good luck to him. Birds of the same kind flocks together. Time is too short for this nonsense.

Happy hunting.
Happy collecting.

Απόσπασμα: "Moneytane"​What are some of the most overpriced and worst described coins you have seen.
​

https://www.ebay.co.uk/itm/133014879681

https://en.numista.com/catalogue/pieces1389.html
A £1 coin for £950

https://www.ebay.co.uk/itm/223476305480

A £10 note for £1,000

When I was last in New Orleans, a man on the street offered to sell me a Louisiana state quarter for a mere $10.

And now I just a email from Trade Me, telling me I am on warning for "Abusing the Question and Answer section" and "Harassing" the sellers. In fact what I was doing was telling people their crap was over described and over priced. Usually telling them the Penny they have for $100 is worth 1 cent or the UNC halfcrown is in fact VG at best.

Yes the truth seems to be harassing people. My guess is Trade Me also wants to scare me off, as if these dreamers sell their junk at high prices, Trade Me gets a bigger "Success fee" and someone helping people to be realistic and not greedy is cutting into profits.

In the old days, they were good, taking down overpriced and misdescribed posts and auctions instantly. Now its a free for all and there is more misdescribed overpriced junk than there is legitimately described and rightly priced coins.

Απόσπασμα: "ZacUK"​

Απόσπασμα: "Moneytane"​​What are some of the most overpriced and worst described coins you have seen.
​​

​https://www.ebay.co.uk/itm/133014879681
​
​https://en.numista.com/catalogue/pieces1389.html
​A £1 coin for £950
​
​https://www.ebay.co.uk/itm/223476305480
​
​A £10 note for £1,000

​Hilarious, that top one, the coin is on a persons leg for the photo!

Απόσπασμα

​I did find this Ebay listing for an Egyptian 20 piastres coin for £71,113:
https://www.ebay.fr/itm/1916-Egypt-Silver-Lucky-Antique-Coin-20-Piatres-Sultan-Hussein-Kamel-VERY-RARE/283054249324?_trkparms=aid%3D333200%26algo%3DCOMP.MBE%26ao%3D1%26asc%3D20140529164520%26meid%3D53acbbe8c97244e381eb2fe11dc9d25f%26pid%3D100041%26rk%3D1%26rkt%3D12%26sd%3D233146456110%26itm%3D283054249324&_trksid=p5713.c100041.m2061

At least the seller claims that 10% of the money will go to a charity for LGBT+ people- I actually sent them a message kindly informing them the coin was not worth anywhere near that amount, and also I offered to give them a reasonable price for the coin, reasoning that would be better than to have this coin sitting around forever and the charity never getting anything at all. They refused and carried on.

Απόσπασμα: "Moneytane"​"I have a 18th century penny" - Turns out to be 1899 and worn to death (Many of the uneducated think the 18th century is the 1800s)

​Mind you, if they had a 1797 penny worn to death it wouldn't have been worth much more than the 1899...

Απόσπασμα: "Moneytane"​And now I just a email from Trade Me, telling me I am on warning for "Abusing the Question and Answer section" and "Harassing" the sellers. In fact what I was doing was telling people their crap was over described and over priced. Usually telling them the Penny they have for $100 is worth 1 cent or the UNC halfcrown is in fact VG at best.

​Coins are worth what someone is willing to pay for them. I just sold two Austrian coins from the 1950s and 1960s. They had a combined book value of just $8.00 and I sold them for $24.00. I did start the reserve at $5.00 though so it was just the bidding that brought them up that high.

You do have a right to ask questions if you think something has been described incorrectly (graded incorrectly) but not to tell them their stuff is overpriced. If you do, you'll probably find yourself blacklisted from those sellers.

If you're really worried about value and grade descriptions then just watch and bid on nothing but my auctions . I usually start mine off at half book value and always let people decide their own grading on the coins from the photos.

The best thing is the people who say "extremely rare" and "to identify". Bruh, how do you know if it's rare if you haven't even identified it ?

Also, often you have to explain that no, it's not because the coin is more than +150 years old that it is automatically worth a lot.

But the worst thing is "pro" dealers intentionnally grading their coin AU, XF or UNC when the coin is at best F+.

Απόσπασμα: "neilithicman"​

Απόσπασμα: "Moneytane"​And now I just a email from Trade Me, telling me I am on warning for "Abusing the Question and Answer section" and "Harassing" the sellers. In fact what I was doing was telling people their crap was over described and over priced. Usually telling them the Penny they have for $100 is worth 1 cent or the UNC halfcrown is in fact VG at best.

​​Coins are worth what someone is willing to pay for them. I just sold two Austrian coins from the 1950s and 1960s. They had a combined book value of just $8.00 and I sold them for $24.00. I did start the reserve at $5.00 though so it was just the bidding that brought them up that high.
​
​You do have a right to ask questions if you think something has been described incorrectly (graded incorrectly) but not to tell them their stuff is overpriced. If you do, you'll probably find yourself blacklisted from those sellers.
​
​If you're really worried about value and grade descriptions then just watch and bid on nothing but my auctions . I usually start mine off at half book value and always let people decide their own grading on the coins from the photos.

​What is your trade me handle. I have never seen your auctions - I am Tane 6.

Απόσπασμα: "Moneytane"​

Απόσπασμα: "neilithicman"​
​

Απόσπασμα: "Moneytane"​And now I just a email from Trade Me, telling me I am on warning for "Abusing the Question and Answer section" and "Harassing" the sellers. In fact what I was doing was telling people their crap was over described and over priced. Usually telling them the Penny they have for $100 is worth 1 cent or the UNC halfcrown is in fact VG at best.

​​​Coins are worth what someone is willing to pay for them. I just sold two Austrian coins from the 1950s and 1960s. They had a combined book value of just $8.00 and I sold them for $24.00. I did start the reserve at $5.00 though so it was just the bidding that brought them up that high.
​​
​​You do have a right to ask questions if you think something has been described incorrectly (graded incorrectly) but not to tell them their stuff is overpriced. If you do, you'll probably find yourself blacklisted from those sellers.
​​
​​If you're really worried about value and grade descriptions then just watch and bid on nothing but my auctions . I usually start mine off at half book value and always let people decide their own grading on the coins from the photos.

​​What is your trade me handle. I have never seen your auctions - I am Tane 6.

​Same as my Numista name, I get confused easily so I use it for everything