FA: New listings on eBay
Frank Provasek
Many new DVDs and DVD sets, coins, proof sets, bullion items and more.
Please take a look
http://shop.ebay.com/merchant/frankcoins
Thanks
Frank Provasek
gogu
news:85306abc-959d-402c...@fm22g2000vbb.googlegroups.com...
Hi Frank!
I have a couple of Kennedy half dollars in holders just like the "Hannes
Tulving" in your auctions but I know nothing about this grading service!
Can you please provide some info about them?
tnx
Frank Provasek
>
> Hi Frank!
> I have a couple of Kennedy half dollars in holders just like the "Hannes
> Tulving" in your auctions but I know nothing about this grading service!
> Can you please provide some info about them?
>
> tnx
It was really not a grading service, but a tamper-proof dealer
holder. In the 1980s, Tulving
guaranteed to buy back his coins at the price paid. You can probably
figure out what happened...
Newport Beach Coin Dealer Under Investigation
August 2, 1990 | By GREGORY CROUCH, TIMES STAFF WRITER
Hannes Tulving Rare Coin Investments, one of the nation's largest coin
dealers, said Wednesday that it is being investigated by the Federal
Trade Commission and the California Department of Corporations. Both
agencies are looking into the Newport Beach firm's pricing practices
as well as its guaranty and warranty programs, said Hannes Tulving,
the company's owner. No charges have been filed against the company,
which had sales of $30 million to more than 4,600 clients in 1989.
Coin Firm Accused in FTC Complaint
August 17, 1990 | By GREGORY CROUCH, TIMES STAFF WRITER
The FTC charged Newport Beach-based Hannes Tulving Rare Coin
Investment with running a Ponzi scheme that defrauded investors out of
more than $40 million.
Tulving Coin Investments Files Chapter 7 : Liquidation: The dealership
faces millions of dollars in claims from disgruntled customers and a
lawsuit by the FTC.
January 16, 1991 | By JOHN O'DELL, TIMES STAFF WRITER
Hannes Tulving Rare Coin Investments of Newport Beach, once one of the
nation's largest gold and silver coin dealers, has filed a Chapter 7
liquidation petition in federal bankruptcy court here. Company owner
Hannes Tulving Jr. also filed a personal bankruptcy liquidation
petition.
The surviving coins in his holders are strictly graded by today's
standards.
Tulving eventually paid off a partial settlement. I saw an ad a few
years later where he said he was trying to work out a deal with
his customers to swap for PCGS coins valued at the amount they paid at
the time.
Beanie
"Frank Provasek" <fr...@frankcoins.com> wrote in message
news:85306abc-959d-402c...@fm22g2000vbb.googlegroups.com...
I wonder how long it will take the usual suspects to castigate you for selling
an ANACS "Details" coin?
Reid Goldsborough
> It was really not a grading service, but a tamper-proof dealer
> holder. In the 1980s, Tulving
> guaranteed to buy back his coins at the price paid. You can probably
> figure out what happened..
The article snippets you posted make interesting reading. What an
industry! <g> For those wanting more, the LA Times has an archive of
seven articles about this, including one that also talks in detail about
complaints about PCGS, here:
http://articles.latimes.com/keyword/hannes-tulving-rare-coin-investments
--
Consumer: http://rg.ancients.info/guide
Connoisseur: http://rg.ancients.info/glom
Counterfeit: http://rg.ancients.info/bogos
Reid Goldsborough
gogu
thanks Frank, the guy is a piece of work!
But still "...the surviving coins in his holders are strictly graded by
today's standards..."!!!
Reading this I'd deduce that they should command a higher price but looking
at your auctions I see this is not true.
Or maybe this is because these coins are considered as being "common"?...
rgrds
? "Frank Provasek" <fr...@frankcoins.com> ?????? ??? ??????
news:3cb614a8-dc9e-460f...@o14g2000yqe.googlegroups.com...
Frank Provasek
> Top posting to retain the info in your posting:
> thanks Frank, the guy is a piece of work!
> But still "...the surviving coins in his holders are strictly graded by
> today's standards..."!!!
> Reading this I'd deduce that they should command a higher price but looking
> at your auctions I see this is not true.
> Or maybe this is because these coins are considered as being "common"?...
>
at a big discount, even though the
coins themselves my be OK or even undergraded.
----
Frank Provasek Rare Coins www.frankcoins.com
http://shop.ebay.com/merchant/frankcoins Texas Auction License
11259, Board member of Texas Coin Dealers Association,
Member TNA, ANA, PCGS, NGC, ICTA - Full Time Since 1991
gogu
>On Jan 14, 4:06 am, "gogu" <rumin-pr...@usenet.cnntp.org> wrote:
>> Top posting to retain the info in your posting:
>> thanks Frank, the guy is a piece of work!
>> But still "...the surviving coins in his holders are strictly graded by
>> today's standards..."!!!
>> Reading this I'd deduce that they should command a higher price but
>> looking
>> at your auctions I see this is not true.
>> Or maybe this is because these coins are considered as being "common"?...
>It's very hard to sell anything other than a PCGS or NGC slab except
>at a big discount, even though the
>coins themselves my be OK or even undergraded.
You have a point here...
I have decided that gold price is good at this moment so I should sell some
of my gold (bought at $260-280/0z range) coins but...they are raw (and
common).
I'm not sure that a common gold coin would command a better price even if in
one of the two abovementioned slabs...
rgrds
Bremick
"gogu" <rumin...@usenet.cnntp.org> wrote in message
news:4d31c37b$0$4322$6e1e...@read.cnntp.org...
Why not try one on eBay with a safety reserve and hope for "melt". Probably
better than giving up 18-20% to the local coin or jewelry shop.
gogu
news:igtl01$fjt$1...@news.eternal-september.org...
>
> "gogu" <rumin...@usenet.cnntp.org> wrote in message
> news:4d31c37b$0$4322$6e1e...@read.cnntp.org...
>>>at a big discount, even though the
>>>coins themselves my be OK or even undergraded.
>> You have a point here...
>> I have decided that gold price is good at this moment so I should sell
>> some of my gold (bought at $260-280/0z range) coins but...they are raw
>> (and common).
>> I'm not sure that a common gold coin would command a better price even if
>> in one of the two abovementioned slabs...
> Why not try one on eBay with a safety reserve and hope for "melt".
> Probably better than giving up 18-20% to the local coin or jewelry shop.
That's what exactly I intend to do Bruce!
Some GAE, some Britannias and some Austrian gold.
Rather common but...who knows?;-)
tnx