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 Replies: 21 / Views: 2,300 |
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Moderator
 United States
188560 Posts |
Quote: I'd suggest asking the mods to move this over to the Classic Coins forum. Better help for Trade dollars over there!  |
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Pillar of the Community
United States
1510 Posts |
me neither Quote:
I still don't have one dont feel bad Retired USAF 1983-2003
Edited by Coinstar
11/02/2012 5:01 pm
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Valued Member
United States
461 Posts |
Honestly with the quality of that pic I would run away as fast as possible, and I don't think I would ever buy a raw Trade dollar online too many counterfeits. |
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Pillar of the Community
 United States
950 Posts |
It is at a tiny little auction house, with no online bidding and they have a 2 hour inspection period before the sale so I will have plenty of time to check it out. From what I have heard things at this sale go for a song, and they dont often have coins so I hope to get a good deal on something I would otherwise never be able to afford. I will absolutely try the magnet test. Is there anything else I should look for to determine its authenticity if it is not magnetic? Quote:
-there are many counterfeit coins even in slobbered coins( thank you, BF)
I sure hope it isn't slobbered! lol |
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Valued Member
United States
461 Posts |
I studied my raw one for 45 minutes before purchasing there is always tell tell signs. One of the most common mistakes is using the wrong reverse or obverse that do not match the date. Since its 1878 you will be looking for all type 2 obverses and reverses. Meaning the eagles wings should flow in the neck, the ribbons should point down, there should be 4 visible fingers on the hand the arrow should point between the 4 and the 2. Then there is of course wait you should weigh the coin. Also you should check the dentils and the reeding.
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Pillar of the Community
United States
950 Posts |
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Pillar of the Community
United States
620 Posts |
If the selling price is a bargian I for one would buy this Trade dollar. Also if this is a household auction you can check the coin before bidding. If it looks wrong then dont buy it. On a internet auction I would make one bid for what YOU feel like is a fair deal then take a chance. Since the crooks are even conterfieting TPG slabs about all us collects can do is educate ourselfs. The old saying rings true Buy the Book before the coin. Good luck |
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Pillar of the Community
United States
3283 Posts |
Your taking a chance either way but all you can do is
Learn as much as possible about them ahead of time (like the Captain just said)
I would get some good pics of real ones on my computer and bring it with you to do comparisons.
Pay close attention to the fonts and devices.
Learn the characteristics of fakes as well, there is a lot of info on this site, so do a search
and see all the fakes CCF'ers have brought to light.
You may talk to the auctioneer ahead of time and ask if you can bring it back next auction
if it's pot metal or whatever.
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Valued Member
107 Posts |
Wow haven't seen a picture that bad in a long time.
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Bedrock of the Community
United States
14454 Posts |
if this is an auction you can see the coin in hand at and if you are comfortable in your detecting counterfeit Trade dollar skills then it may be worth it. But there is no way I would ever buy a Trade dollar from pictures like that. This is one series you would need good clear shots of and even then it can be hard to detect counterfeits and would have to have a iron clad return policy attached to it. |
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Pillar of the Community
United States
8516 Posts |
I'm hoping he lets us know how the auction went this weekend.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
294 Posts |
Personally, I would not waste money on a coin that has been questionably cleaned, with such a poor photo, as you really don't know what you're getting (but probably a coin that may not grade with either PCGS or NGC). I say let it go, and wait for a coin you can actually see in your hands.
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Pillar of the Community
United States
8516 Posts |
It's a live auction he's going to be attending and he will be able to examine it.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
950 Posts |
So, I was able to inspect the coin and everything looked legitimate. the weight was right, not magnetic, and both the obverse and reverse were "type 2." The reserve price was $125 and the coin was pretty worn.. so I didnt bid. It sold for the $125 reserve price. There were a few other coins from the same seller and they all had high reserve prices so I didnt get any of those either. ($3.75 for common date, circulated Buffalo nickels for instance) I DID however buy a Ryobi reciprocating saw for $11, 2 drills and a circular saw for $2.50 each, and a beautiful vintage lamp for $4. At least it wasn't a total bust. Thanks for all of the help! |
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Bedrock of the Community
United States
14454 Posts |
sorry you didn't find any coins at the auction but it sounds like you got some killer deals on the other items you did get so it wasn't a wasted trip at least
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Replies: 21 / Views: 2,300 |
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First Page
Posted 11/02/2012 5:01 pm
