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When A Truly Valuable Coin Falls Out

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 23 / Views: 4,281Next Topic Page 2 of 2
New Member
United Kingdom
26 Posts
 Posted 03/08/2015  09:09 am  Show Profile   Bookmark this reply Add Loopy Looker74 to your friends list
Thank's for the info,it would be great if PCGS just around the corner as I would take it there myself...Good luck and keep it safe.
Pillar of the Community
United States
4897 Posts
 Posted 03/08/2015  09:20 am  Show Profile   Bookmark this reply Add amida17 to your friends list

Quote:
it is an older doubled die not thought to have existed. it is a DDO in vf condition. I have the only one. it is a first and from many years ago. I don't know how to handle it. I think if I send it off somewhere I may never see it again. I also think if I post it others will be found before I get it attributed. I don't know what to do, the coin is strong. it s a wheatback.


Not quite understanding the logic here. If a "strong" doubling and you have "the only one" why not share it? If it has not been identified yet why would others suddenly be found? Are you concerned about discovery credit? Wheats are one of the most studied series in American coinage....if you post it here and then others are found that would be a win/win.....no?
Pillar of the Community
United States
5964 Posts
 Posted 03/08/2015  12:31 pm  Show Profile   Bookmark this reply Add CoinMasters to your friends list
amida17, there were probably a few others made. once posted, it can be specifically searched for by date, in old saved rolls. the first is one of a kind and the most valuable. the logic is that while being the discover is nice, the maximum yield is even nicer. that's what I call win/win.
Pillar of the Community
United States
4897 Posts
 Posted 03/08/2015  1:44 pm  Show Profile   Bookmark this reply Add amida17 to your friends list
I would think that if others were found it would increase the desirability/collectability of the variety and set a higher value in general A one off would be a harder sell..... really it has NO value until it is sold anyway....


Quote:
I found a coin I think I can pay off my mortgage with



Man, I need to move south.....housing must be very reasonable!

Pillar of the Community
United States
5964 Posts
 Posted 03/08/2015  1:58 pm  Show Profile   Bookmark this reply Add CoinMasters to your friends list
I m thinking one of us is right.
Rest in Peace
United States
18456 Posts
 Posted 03/08/2015  2:39 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list

CoinMasters; I don't understand your concept on this so called D/D Wheat cent that could be valuable enough to pay
your mortgage off. but you were given good advise about bringing it to a show that has TPG's attending . let them take a look. good luck !
Pillar of the Community
United States
5964 Posts
 Posted 03/08/2015  3:04 pm  Show Profile   Bookmark this reply Add CoinMasters to your friends list
the wheatback is from a long time ago and not known to exit. so I figured it would be extremely valuable. maybe not as much as I was thinking, I don't know. I will check the balance on my mortgage, take the advice, hope for the best, and resign myself to the possibility that I may be only half right. thanks for your input.
Pillar of the Community
United Kingdom
856 Posts
 Posted 03/08/2015  3:19 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list

Quote:
I live in the uk and mainly collect coins of the uk aswell as uk and usa error/variety coins,i have wondered if I should send the usa coins to the usa to sell or get graded or trust the opinion of someone here? Where would I start and who can I trust.?


Hi Loopy. First off. No point getting coins graded if the cost of sending it to grading company etc is more than the coin will sell for.

Second off. People in the UK aren't generally bothered about having their coins slabbed. There is a TPGS called CGS but worth it only for top grade valuable coins (over £100). And they use a different (100 point) grading scale to everyone else.

But. Buyers in the US like their coins slabbed. NGC have a branch in Paris. They and PCGS are probably the only companies worth using to sell in the US. No point getting UK coins US graded for sale in the UK as we use different systems and people will take the US grade with a pinch of alt.

UK grading? Buy yourself a book such as Derek Alan's "The Standard Guide to Grading British Coins: Modern Milled British Pre-Decimal Issues (1797 to 1970)" join a UK based coin forum and learn. It will be one of the best investments of time you make.

Pillar of the Community
United States
4897 Posts
 Posted 03/08/2015  6:13 pm  Show Profile   Bookmark this reply Add amida17 to your friends list
CoinMasters... Do not take anything I've said to be intentionally captious. We often hear grand claims here at CCF and will always request a picture...by all means get the coin TPG'd as discovery coins are always cool.... do please share the results with us!
Pillar of the Community
United States
4809 Posts
 Posted 03/08/2015  7:03 pm  Show Profile   Bookmark this reply Add Rackster to your friends list
It would be sweet to pay off the house with one cent...the right one of course.
Pillar of the Community
United States
860 Posts
 Posted 03/08/2015  8:40 pm  Show Profile   Bookmark this reply Add JonNickelCollector to your friends list
If I found a coin that I thought was that valuable, I would take it to a coin expert to be evaluated in front of me. I would not let it out of my sight. If he concurred, I would contact an auction house to see how to proceed.

Maybe you could use the auction house in California that is selling that $10M find of gold coins from a couple of years ago.
Valued Member
United States
95 Posts
 Posted 03/08/2015  9:39 pm  Show Profile   Bookmark this reply Add liu21 to your friends list
No pictures? Let me tell you this one time I sold a penny for a million bucks...
Pillar of the Community
Canada
4911 Posts
 Posted 03/08/2015  10:14 pm  Show Profile   Check thedollarman's eBay Listings Bookmark this reply Add thedollarman to your friends list
This sounds interesting, why not post pics?, it would let us help and the time of posting on the top of the post would assure that you were the discoverer and had the first.
Feel free to call me Will.
Pillar of the Community
Learn More...
Canada
5402 Posts
 Posted 03/08/2015  10:34 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
I have a rare coin worth an absolute fortune too! But I am not sharing ! There are very few unrecognized undiscovered and unattributed coins that pay off mortgages !
New Member
United Kingdom
26 Posts
 Posted 03/09/2015  4:43 pm  Show Profile   Bookmark this reply Add Loopy Looker74 to your friends list
Thanks Tom(Goodheart),will take a look,much appreciated.Thank you.
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