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Valued Member
United States
424 Posts |
 with Moe. Unless they're slabbed. By a top TPG.  Edited by Funny Money
03/08/2012 6:30 pm
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Pillar of the Community
 United States
1890 Posts |
Looks like 1400-1500 would be a good price for both dealer and seller. Or you could offer to retail them for her on ebay for 10-15% and you would probably make pretty fair wages for an hour of work. If I had the chance to buy these, I'd swap out the '75-P for the year I have in my 7070, and peddle the rest. -edit- I am presuming an experienced guy like fredd can spot a fake one of these from across a smoke filled room. Edited by mysilveryears
03/08/2012 6:32 pm
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Pillar of the Community
United States
1770 Posts |
ill give you 7 dollars  |
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Rest in Peace
 United States
9104 Posts |
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Are they real? When Joe Public shows up with seven trade $ and nothing else, that's exactly the first thing you should think. |
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Rest in Peace
United States
9104 Posts |
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make sure they aren/t stolen... And that's the second thing. |
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Rest in Peace
United States
9104 Posts |
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ill give you 7 dollars Exactly my offer. The high grade ones were very deceptive counterfeits, by which I mean they would fool most collectors who didn't know what to look for, and prolly most of these "we buy silver" types. The most telling feature (aside from the fact that most dealers don't have seven TD) was that all raised surfaces, even the stars, had a sandy surface under mag. Of course, if you never saw a real one, or at least real coins from that era, you'd assume that's how they were supposed to look. The 76s were obvious. Wear wasn't normal, lettering was thin, strike was very weak, they looked polished, etc. Interestingly, when I told her they were all fake, her reaction was like "gee, really?" I don't know about you, but if someone just told me that $1400 worth of coins were fake, my reaction would be more like "you're a liar" or "I'm gonna kill someone". I suspect she had already been told. Quote:
I am presuming an experienced guy like fredd can spot a fake one of these from across a smoke filled room. Thanks for the faith. I'm not that good, but I try to be right more often than wrong. |
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Rest in Peace
United States
9104 Posts |
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I'd swap out the '75-P for the year I have in my 7070, and peddle the rest.
Why not the 77cc? |
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Pillar of the Community
United States
3755 Posts |
You know how I knew they were fake? Its Fred posting that. he posts something like that in that manner, its a set up.  |
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Rest in Peace
United States
9104 Posts |
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Valued Member
United States
128 Posts |
Busted! |
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Pillar of the Community
United States
1374 Posts |
fred, great lesson and thanks for sharing! :D
Watched the same thing happen with Morgans the other day at my dealer. The customer had about 9 rare Morgans, and the first thing my dealer did was pick them up with a magnet.
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Bedrock of the Community
United States
14454 Posts |
A magnet is a tool everyone that buys silver needs to have but its not 100% fool proof because some of the counterfeits do not stick to a magnet and that is where knowledge of what its supposed to look like comes in. There is no substitute for knowledge no matter what profession you are in
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Pillar of the Community
United States
1796 Posts |
Magnets can test in more than one way.
First, there's if it sticks. At that point, it's busted as either made of something ferric or nickel.
Second, there's how it slides. A neodymium magnet will slide very slowly over the surface of something made of coin silver. Most of the non-magnetic fakes don't pass the slide test, and those that do are too light. :-)
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Rest in Peace
United States
9104 Posts |
I forget the term, but silver is (something)-magnetic. A strong enuf magnet will cause a reaction, but not like steel or pure nickel.
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Moderator
 United States
189767 Posts |
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Posted 03/08/2012 6:30 pm
