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My First Trade Dollar

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Author Previous TopicReplies: 18 / Views: 2,709Next Topic Page 2 of 2
Pillar of the Community
United States
1436 Posts
 Posted 12/05/2012  7:43 pm  Show Profile   Bookmark this reply Add Dave H to your friends list
If it is authentic & you sent it in...

If I send this coin to a TPG, how will the ding affect its grade? Will I get a "damaged" grade? MOST LIKELY

- I guess it's in VF condition. Ya'll agree? YES
Bedrock of the Community
13014 Posts
 Posted 12/05/2012  7:48 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:

If I send this coin to a TPG, how will the ding affect its grade? Will I get a "damaged" grade? MOST LIKELY




Its small enough they may let it slide as its not very distracting overall but a dings a ding
Pillar of the Community
United States
1339 Posts
 Posted 12/05/2012  8:24 pm  Show Profile   Bookmark this reply Add babysitr to your friends list
Do your research...but the coin looks like one I have....Can't see any thing wrong yet....Grades at about vf-25 in my opinion....Bet it would come back from grading as genuine ,,,or,,,details damage
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United States
1662 Posts
 Posted 12/05/2012  8:31 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list
Yup. It'll might come back as 'damaged', but it also will come back as authenticated or not. And with the oft-coumterfeited Trade dollars, a TPG's opinion matters to many.
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United States
3453 Posts
 Posted 12/05/2012  9:06 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
I hate to say it but this is one of the times I would only purchase the coin in a slab. For resale purposes, a slab for a trade $ is a very wise investment.

I am curious, why are you thinking about having slabbed?
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United States
15544 Posts
 Posted 12/05/2012  9:09 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
I have no expertise in this often counterfeited series ... but do note that the coin (if genuine) grades IMHO in the VF range.

David
Take a look at my other hobby ... http://www.jk-dk.art
Pillar of the Community
United States
548 Posts
 Posted 12/05/2012  9:18 pm  Show Profile   Bookmark this reply Add Lobby to your friends list

Quote:
I hate to say it but this is one of the times I would only purchase the coin in a slab. For resale purposes, a slab for a trade $ is a very wise investment.

I am curious, why are you thinking about having slabbed?


My wife bought the coin, and at first - thinking she'd made a very good buy - it seemed like getting it slabbed might help me decide whether to sell or keep it.

But a few minutes ago she told me what she paid for it. Ugh. I now can't afford to get it slabbed, and I don't want to keep it either.

So I'm gonna put it on ebay and see what happens.
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United States
1704 Posts
 Posted 12/06/2012  12:38 am  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list
Rim dings generally are not considered when the coin is graded by the grading services unless it is very severe. I have an 1858-O Liberty Seated half dollar graded AU-58 by PCGS and when I cracked it out to put in my 7070 album I found it had four minor rim dings. Both PCGS and NGC on their web sites on the page outlining their grading criteria specifically state minor rim dings do not affect the grading of the details of the coin and apparently are not considered post mint damage.

If you send your coin in to be authenticated and you should if you bought it "raw" it is likely the ding on your coin won't be an issue.

Ed
ANA LM-3175
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United States
3276 Posts
 Posted 12/06/2012  02:29 am  Show Profile   Bookmark this reply Add murrellington to your friends list

Quote:
But a few minutes ago she told me what she paid for it. Ugh. I now can't afford to get it slabbed, and I don't want to keep it either.

So I'm gonna put it on ebay and see what happens.


Do you mind revealing what she paid? ebay might not be wise with the fees and all, unless you got it at low enough of a price to resell on there.
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548 Posts
 Posted 12/06/2012  10:52 am  Show Profile   Bookmark this reply Add Lobby to your friends list
She paid $60 for it...
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1116 Posts
 Posted 12/06/2012  11:06 am  Show Profile   Bookmark this reply Add ghostrider to your friends list
Lobby: It might be worth your time to look at Numismedia for a hint of what the coin might be worth. If this site is any where near accurate in comparision to the market you wife paid approximately what they say a G4 coin is worth. So if it is a VF25 coin, and it is graded as such that could be a win on two levels. One the coin is certified as a genuine coin and its value goes up three fold.

In my opinion, and again I am no expert, your wife did very good.

Personally, if it was me I'd hang onto the coin unless I could do better later on.

Good luck.
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3276 Posts
 Posted 12/06/2012  11:36 am  Show Profile   Bookmark this reply Add murrellington to your friends list
If genuine, which I am not doubting, I think $60 is a great deal. It's tought to get Trade dollars at that price, especially in that grade.
Bedrock of the Community
United States
14454 Posts
 Posted 12/06/2012  1:34 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
I believe it would come back in a details grade as I have seen similar rim dings on Morgans and they have all been graded this way. This really doesn't matter because if you are planning on selling the coin authentication would be the key thing to have on any Trade dollar. I would usually say a coin in this condition would not be worth getting graded and I really stand by this unless its a Trade dollar that is planned on being put on the market (If you are going to keep it no need for grading). The Trade dollars are so highly counterfeited there are only a small portion of collectors that are willing to take the chance on raw examples unless they are fairly good at spotting counterfeits (which I don't see anything that would make me think this one is) so authentication is key even if it does come back as damaged on Trade dollars you are planning on selling
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Israel
2420 Posts
 Posted 12/09/2012  09:57 am  Show Profile   Bookmark this reply Add supgog to your friends list
If the coin is authentic, and you would like to sell it - there's no doubt you should slab it.

On ebay, buyers would pay less for raw coins to compensate for the risk of them not being authentic.

I'd send it to ANACS and then sell it.
Bedrock of the Community
United States
36883 Posts
 Posted 12/09/2012  11:34 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
A decent coin for a type set and I do not see anything in the photos that would make me believe it is counterfeit.
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