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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
 Posted - 10/13/2009 : 22:53:59
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quote:
[ So, if I decide to send it off right away to PCGS, and they agree with the grade, then I have made a nice little "mistake" investment... about 9X my money (with a little luck)
A great numi-deal indeed   
Now that's a GOOD story!
Congrats :) |
There's profit if you melt things!!
8{> |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/13/2009 : 23:06:57
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Nice score on the VAM variety. Of course you know a BIN price on eBay is often a fishing price, above true market value. I think I will post a ton of copper cents on there for $20,000.. that way my hoard will be worth more. And if someone does buy it.. there will be more than enough to cover all those eBay and PayPal fees.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 10/14/2009 : 10:59:46
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quote:
Sorry MH. The 1921 dime looks like a GOOD to me. Too much wear on the fasces. A VERY GOOD needs to have half of the fasces on the reverse show. A FINE needs to have ALL sticks of the fasces defined.
I'm a little on the lower side or maybe just pessimistic but for that 21 Merc and the 21D to me are both on the AG side. To me a G is a bit better than that. Similar with the Walkers. Just to much wear on all of those. Decent prices though for coins of low mintages. |
Carl |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 10/14/2009 : 22:21:40
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I took both of the 1921 Mercs to a dealer and he paid $40 for each. I went back a week or 2 later and they were in the display case in a cardboard flip with "G" written on them both.
I've been trying to improve my grading skills for the Walker series. After considering the comments here, and what I have learned and seen of other coins, I now think that the following is accurate for the Walkers from the earlier posts: 21-P (VG8), 21-S (G4), 23-S (VG10), 27-S (F12)
I still haven't sent the 1884-S Morgan into PCGS, as I've been gathering some other raw coins that will be shipped along with this coin. I'm still considering whether I should send in the 1887-S/S VAM 2 Morgan.
Also, I've got another story to tell about an auction I just got back from. I was late to get there and they were on lot 95 when I finally got to inspect the coins. Lot 110 was a GSA 1882-CC Morgan with some serious obverse toning and only a little on the reverse. I quickly looked it over and graded it at MS61, pushing MS62. There was just too much going on with the eagle's breast feathers to go higher than 62. I pulled out the 10X loupe to confirm some details when I noticed some "funkiness" going on that really looked like die clashes. I had given a ballpark bid price of $240 to $270 for the coin in my preparation worksheet. The range was in case the condition was better or worse than anticipated.
I was still up at the front table inspecting the other coins when lot 110 was called up. Bidding started around $175 and I decided to play it cool while other bidders, looking for a steal, backed out. The auctioneer was about the close the coin at $200 when I made my first bid for $205, another guy went $210, and I fired back with $215. He backed out, and I won the coin for $215. WooHoo!!
So, I get home this evening and check out vamworld to see if it meets any of the listed VAMs... sure enough, all that funkiness that I saw is attributed to die clashes. And the coin meets all the specs of a You must be logged in to see this link. for the 1882-CC. YOY and Double YOY! (for those Myron Cope fans out there)
I found an You must be logged in to see this link. for $299.95 for a GSA 1882-CC VAM 3A. However, with the toning that my coin has, it may fetch an even better price. I also may include this coin with the shipment to PCGS. Here's some pics (tough to get a good photo of a coin behind plastic):
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goto the new and improved realcent: http://realcent.org |
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2old
Penny Pincher Member
188 Posts |
Posted - 10/15/2009 : 13:01:56
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| Have you gotten anything back from PCGS and how do you like them? They are a bit strict on their grading standards. |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 10/15/2009 : 22:41:03
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quote:
Originally posted by 2old
Have you gotten anything back from PCGS and how do you like them? They are a bit strict on their grading standards.
I haven't sent anything to them, yet. I have the packet to send in coins and I'm a member, so it is just a metter of getting a few coins together in order to make the total lto more economical to send in. You have to send it in via registered mail, so it makes sense to send in more than one at a time. I've got 4 in line to send off, as of now, but I'm going to a coin show soon, and big auction at the end of the month, so I'm holding off until then before I send in the coins for grading.
Personally, I'm a "keep the coin raw" type of collector. However, when it comes to varieties and scarce coins which have big differences in market value with just a point or two on the grading scale, I want to have a third party to do the grading. And when it comes to these high value coins, only the best grading services are going to help you to get the most fair market price. For example, the 1884-S Morgan Dollar has the following PCGS prices per grade:
AU58- $1,600
MS60- $7,000
MS61- $11,500
MS62- $19,000
MS63- $46,000
So, with the coin that I have in a raw state, the buyer is going to argue that it is lower grade. But, if I have a PCGS grading on it, then there is no arguement, and a price is more easiliy settled. Both sides should be happy with the coin.
The "strictness" is a selling point to me. Once there is a grade associated with the coin, then there is nothing else up for interpretation other than eye appeal.
But there are other grading services out there that don't have as strict grading standards and can grade coins too high. This will then leave the buyer and seller still in a struggle to find a price. To me, these types of grading service do nothing for numismatics. They only collect a grading fee, but the grade they give is useless to both the buyer and seller. |
goto the new and improved realcent: http://realcent.org |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 10/15/2009 : 22:48:26
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| does pcgs do VAM attributes? I am not sure but i dont think they do. maybe wrong though |
Inquiring minds want to know |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 10/15/2009 : 22:53:46
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quote:
Originally posted by daviscfad
does pcgs do VAM attributes? I am not sure but i dont think they do. maybe wrong though
Yes, PCGS does do VAM attribution on their holders. I did a quick search for "PCGS VAM" in eBay and 346 results came up. |
goto the new and improved realcent: http://realcent.org |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 10/15/2009 : 23:05:13
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| cool! |
Inquiring minds want to know |
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Great Numi Deals
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