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 Replies: 20 / Views: 3,104 |
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Pillar of the Community
United States
5854 Posts |
This is a listing to pass on. Already very risky to buy that key raw on top of pictures that you are not even sure of the mintmark.
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Valued Member
 United States
158 Posts |
Thanks guys, I knew the answer just wanted some confirmation. I guess I'll save a few more months and get a graded example and maybe go for the g-6  |
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Pillar of the Community
 United States
2364 Posts |
Yes, red flag on this coin. Certain coins are frequent targets for frauds - 16d Mercs, 1922 no d lincolns, and many of the colonials and certainly others. I only would buy this coin after authentication by TPC.
Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith |
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Moderator
 United States
15515 Posts |
As suggested above ... Run away from this auction ... unless you are confident that in the 7-day return period you can authenticate the coin.
David
Take a look at my other hobby ... http://www.jk-dk.art |
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Moderator
United States
16679 Posts |
I agree with everything said. RUN from this one. Only buy a certified PCGS,NGC, or ANACS example. This coin is perhaps one of the most counterfeited out there.
swcoin.ecrater.com
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Pillar of the Community
United States
1204 Posts |
Try to sell these important key dates with bad quality pics ?
It smells very bad !
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Pillar of the Community
United States
1510 Posts |
agreed X10
Retired USAF 1983-2003
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Pillar of the Community
United States
548 Posts |
Quote:No. Not even close. I have no opinion whatsoever of the seller - could be the most virtuous person alive - but you don't buy any of these three raw. Don't know your specific budget, but here's one which (IMO) is at the upper end of the grade, offered by a seller I recommend unhesitatingly: http://www.ebay.com/itm/1916-D-Merc...em35b7ad213dOnly the upper reverse is G4; the rest of the coin is G6-8. Price is near G6 level. NGC was tough on that grade, huh? I suppose that's why graded coins are good to buy. |
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Valued Member
United States
56 Posts |
Lets just say for the sake of the argument they are authentic. The main reason I wouldn't buy them is the price is crazy high. The 16d is AG3, between $450-500. The other two can be had for under $100, so all together it's $550-600 worth of coins. Also, take your time and save money and get at least a G4, I have an AG3 and regret it.
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Rest in Peace
United States
4849 Posts |
I agree with the points about the 16-d. This coin must only be purchased certified unless you really know what you are doing and have detailed pics. I would, however, be comfortable purchasing the other 2 raw with better pictures...but since the 16-d is the bulk of the value, don't even chance it.
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Valued Member
United States
297 Posts |
Quote:SuperDave No. Not even close. I have no opinion whatsoever of the seller - could be the most virtuous person alive - but you don't buy any of these three raw. Don't know your specific budget, but here's one which (IMO) is at the upper end of the grade, offered by a seller I recommend unhesitatingly: http://www.ebay.com/itm/1916-D-Merc...em35b7ad213dOnly the upper reverse is G4; the rest of the coin is G6-8. Price is near G6 level. How much does CAC charge to anazylze a coin? While we are talking about a 1916D Mercury, really how much more does the seller (or whover sent it in to them) think they would get with CAC certification? |
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Pillar of the Community
United States
1374 Posts |
When shopping for key dates or expensive coins, I would recommend that you do as much research as possible. Find out what makes the coin real and what die markers can identify it as genuine. Go to coin shows, many dealers, etc and look for your key date coin. When you find it, loupe EVERYTHING taking mental and written notes. Read online about popular fakes, what they look like, what to watch for, etc. Don't buy the first or second coin you see... cause you will be stuck with it!
I totally understand the suggestions made by others: only buy a slabbed key date coin online. In fact, I would still probably urge you to buy in-hand if possible. Personally, when shopping for key date coins I look for unslabbed stuff. I arm myself by researching real vs fakes and ALWAYS get 2nd and 3rd opinions. I never buy unless I am 100% assured the coin is legit, at the grade. Of course, shopping this way can take years... but don't settle until you find a coin you like at a price you like. Also, don't be afraid to make an offer on a coin, then return several days later with the same offer.
Slabs are great insurance and all that... but they tend to make some people stupid. Education, knowledge and experience are your best friends. Not a slab.
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Pillar of the Community
United States
5854 Posts |
"$10 apiece for coins valued at $10,000 or less, $20 each for coins valued at more than $10,000" -CAC website
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Pillar of the Community
United States
1796 Posts |
Chiming in with my 2 cents (or is this 10 cents? :-) ):
Where I am probably the biggest critic of TPGs there is (I dare you to find someone more critical :-) ), a situation such as this one is what TPGs were originally incorporated for: To authenticate coins and weed out the fakes the dilute the hobby.
Do not buy a rare key coin such as this in that kind of shape 'raw' unless it is from someone whom you trust personally and have known for a long time.
In the absence of that, purchase one that is certified. Period. End of report. Don't play into any potential folly.
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Rest in Peace
United States
9104 Posts |
Steve,
You ain't even close.
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Replies: 20 / Views: 3,104 |
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First Page
Posted 12/27/2011 6:42 pm
