Rim Damage Question: 1916-S Walker

I think $50 is a fair price for this coin. Way too much wear for $100, and with noted damage.

Congrats on your first question; this is a great forum that has and continues to be irreplaceable as a place to learn about all aspects of the hobby.

Anyway, I recently had the opportunity to choose between a 1917-D Ob. MM with EF40 details, but with a tiny notch of the reverse rim somehow missing, or one of the same date/mm in maybe F15 with no damage. On the damaged coin, it looks as though someone surgically removed two dentils - a perfectly even cut, maybe 2mm; probably less. It's a very nice looking coin, a coin I wouldn't have been able to afford minus the rim damage.

I will occasionally buy a problem coin if I know ahead of time. This dealer informed me of the damage before I bought the coin and priced the coin accordingly. The notch is so trivial in my view, I might not have noticed it in the dealer's photos, so kudos to him.

Anyway, I chose the "problem" coin over the non-problem coin because I liked it has way better eye-appeal than the other, damage notwithstanding, it looks great in my album, and you can't even see the rim problem without careful examination. I'm pretty sure it would be body-bagged if I sent it to NGC or PCGS for grading, but I'm pleased with it the way it is.

For what it's worth, I think your (potential) coin looks like a nice, wholesome circulated coin and the rim bruise looks very minor to me - ANACS wouldn't have put it in a regular holder if the damage was serious. Anyway, that's my 2 cents. Good luck. Looks to me like you've got an opportunity to acquire a nice example of a tough date.

Thanks for all of the great comments. Unfortunately I can not see any of the reeding so there might be hidden damage that falls under the "damaged rim" umbrella. I think I might pass on this one and keep my eyes open for a nice one in my price range.

Thanks again.

Jim

I don't get it. I get 40's walkers for 3.50 - 4 bucks at the coin shop.

It a big $$$$ coin Amazon99

I know it's a higher priced coin, I just didn't know if he decided to start to save his money so that he can find a problems free coin in a higher grade(mainly VG, but I would guess if that depends on how much he saved or even if he did save).

Good going there justjimrob. People may say to much or OK but it's your money, your happiness that is important. As to being able to find better ones cheaper. All my life I've noticed that if I buy something for $1 and it is worth $1,000, there are always people that will say, I could have got that for $0.50. Or my Uncle sells them all the time for $0.25 Just human nature. What you now have is a coin of very low mintage and remember, with 300,000,000 people in the USA alone, it doesn't take to many of those being collectors to make your coin rare. If coin collecting continues to boom at the present rate, that coin will really be a cherished item in your collection.

I like the look of that coin. A key date is always a key date!