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Barry Stuppler is Unethical
Here is another listing from shameful Barry Stuppler, ANA "president"
Seller "verypq" has a 1889-CC NGC AU53 Morgan Dollar up for sale with a BIN of $7,750. View this auction here. http://cgi.ebay.com/SUPERB-KEY-DATE-...mZ330281408396 Quick research indicates the last three 1889-CC NGC AU53 Morgan Dollars sold at Heritage (April 18-July 31) for $5,175, $5,462 and $5,175 for an average selling price of $5,270. http://coins.ha.com/common/view_item...14&Lot_No=2364 http://coins.ha.com/common/view_item...14&Lot_No=2365 http://coins.ha.com/common/view_item...04&Lot_No=2776 Of course anyone can market an item for what they want even though the asking price is very high compared to recent auctions. But check out the item description, this specifically. "PCGS.com currently shows a value of an AU55 1889-CC Dollar at $9,500. This 1889-CC Morgan is graded AU53 and we are offering it for over $1,500 less. While this is already a terrific price, today I've set a LOW Starting Bid on this auction in order to bring you yet another great eBay deal. Get your high bid in early or use Buy-it-Now to make this beautiful Morgan yours without waiting. Good luck!" I have issues with this for the following reasons. 1) This item is not graded by PCGS and their website is very specific that prices quoted are for PCGS graded coins only. http://www.pcgs.com/prices/PriceGuid...=Morgan+Dollar "Important: The PCGS Price Guide prices apply only to PCGS Graded coins." 2) This item is not graded an AU55, but a AU53 thus the quoted PCGS AU55 price is not even applicable to this piece even if the price guide was applicable, which it is not. Previous cases where this type of citation of incompatible price guides was considered a violation of eBay policy by T&S personnel or the CCW Program as they did remove such listings, however it isn't codified in the Coin Selling Policy (where requirements for certified coins are listed) so it looks like it's discretionary. Seller "verypq" is Barry Suppler (ANA President) looks like he's found a loophole and is exploiting it. IMO, the seller is attempting to equate the value of the NGC item with an inappropriate grading guide at an inappropriate grade level. Everyone who knows something about Morgan Dollars knows, and I would expect the seller to be in this category, that very rare key date NGC graded coins do not sell for the same price as do PCGS graded coins. If the seller were honest, the seller would cite the appropriate wholesale buy and ask prices in, say for instance, the Greysheet or the retail price listed, say in the latest edition of, Coin World or the seller would leave all reference to prices out of the description entirely. IMO, time to bust Barry Suppler (ANA President) AGAIN (we busted him before when he was a member of the Board of Governors). We'll see if the CCW folks ('coin industry' hacks) have enough ball8 to do one of their own this time. If not, we'll have to bring him to the attention of the PNG Exec. Director Robert Brueggeman AGAIN for disciplinary action. Clearly, IMO, the seller has violated provisions # 4 and 9 of the PNG Code of Ethics viewable he http://www.pngdealers.com/category.php?category_id=6 |
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Barry Stuppler is Unethical
In , on 10/27/2008
at 05:05 PM, "Nobidactivity" said: Of course anyone can market an item for what they want There you go. Just like anyone can take issue with anything, waste their time and post mini-stories about people with whom they have an online beef. And they don't even have to attach a real name to it. Duh. For fun, I'll plonk you, although when you're making up email addresses, it doesn't work all that well. No matter, I, playing the role of "anyone", can ignore future posts instead of replying. I do have that much will-power, honest! Nick |
#3
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Barry Stuppler is Unethical
Nobidactivity wrote:
Here is another listing from shameful Barry Stuppler, ANA "president" Seller "verypq" has a 1889-CC NGC AU53 Morgan Dollar up for sale with a BIN of $7,750. View this auction here. http://cgi.ebay.com/SUPERB-KEY-DATE-...mZ330281408396 Quick research indicates the last three 1889-CC NGC AU53 Morgan Dollars sold at Heritage (April 18-July 31) for $5,175, $5,462 and $5,175 for an average selling price of $5,270. http://coins.ha.com/common/view_item...14&Lot_No=2364 http://coins.ha.com/common/view_item...14&Lot_No=2365 http://coins.ha.com/common/view_item...04&Lot_No=2776 Of course anyone can market an item for what they want even though the asking price is very high compared to recent auctions. But check out the item description, this specifically. "PCGS.com currently shows a value of an AU55 1889-CC Dollar at $9,500. This 1889-CC Morgan is graded AU53 and we are offering it for over $1,500 less. While this is already a terrific price, today I've set a LOW Starting Bid on this auction in order to bring you yet another great eBay deal. Get your high bid in early or use Buy-it-Now to make this beautiful Morgan yours without waiting. Good luck!" I have issues with this for the following reasons. 1) This item is not graded by PCGS and their website is very specific that prices quoted are for PCGS graded coins only. http://www.pcgs.com/prices/PriceGuid...=Morgan+Dollar "Important: The PCGS Price Guide prices apply only to PCGS Graded coins." 2) This item is not graded an AU55, but a AU53 thus the quoted PCGS AU55 price is not even applicable to this piece even if the price guide was applicable, which it is not. Previous cases where this type of citation of incompatible price guides was considered a violation of eBay policy by T&S personnel or the CCW Program as they did remove such listings, however it isn't codified in the Coin Selling Policy (where requirements for certified coins are listed) so it looks like it's discretionary. Seller "verypq" is Barry Suppler (ANA President) looks like he's found a loophole and is exploiting it. IMO, the seller is attempting to equate the value of the NGC item with an inappropriate grading guide at an inappropriate grade level. Everyone who knows something about Morgan Dollars knows, and I would expect the seller to be in this category, that very rare key date NGC graded coins do not sell for the same price as do PCGS graded coins. If the seller were honest, the seller would cite the appropriate wholesale buy and ask prices in, say for instance, the Greysheet or the retail price listed, say in the latest edition of, Coin World or the seller would leave all reference to prices out of the description entirely. IMO, time to bust Barry Suppler (ANA President) AGAIN (we busted him before when he was a member of the Board of Governors). We'll see if the CCW folks ('coin industry' hacks) have enough ball8 to do one of their own this time. If not, we'll have to bring him to the attention of the PNG Exec. Director Robert Brueggeman AGAIN for disciplinary action. Clearly, IMO, the seller has violated provisions # 4 and 9 of the PNG Code of Ethics viewable he http://www.pngdealers.com/category.php?category_id=6 Who made you the coin policeman. You do not like find a hobby |
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