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Replies: 34 / Views: 3,208 |
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Valued Member
United States
397 Posts |
I seem to have found the same exact coin on Heritage. http://coins.ha.com/itm/early-half-...a/230-6006.sThey listed the coin as a V-4, LM-10 R.3. If it was you who bought this coin from Heritage back in 2000 you are in for quite a nice profit on your investment.
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Pillar of the Community
United States
4692 Posts |
Excellent detective work. It validates our VG-8 suggestions.
Edited by jimbucks 05/10/2015 12:29 am
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Valued Member
 Canada
270 Posts |
All hail the research king OLcoins!! Haha..
That sure does look like the exact same coin!! It was not me who purchased the piece back then, as I was 10 years old haha!!... but given the auction location & date, I am nearly certain it is the person whom I've bought it from. Yes, it looks like both him and I will turn quite the profit on the coin. Given we have now identified the exact coin, any one care to evaluate?
Thanks for digging that auction page up OLcoins...i am super happy!!
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Valued Member
 Canada
270 Posts |
Actually I really, REALLY appreciate it...i just found quite a few coins that I am now in possession of & their old auction records haha!... really exiting stuff you found!! Quite a few of those pieces will be re-sold soon by me, and now I have grades, varieties, original sale prices & more!
Bravo OLcoins! Bravo.
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Pillar of the Community
United States
8137 Posts |
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Pillar of the Community
 Canada
5400 Posts |
Absolutely needs to certified to sell to anyone. There were dangerous counterfeits that surfaced of this piece that made their way to Canada and the USA via Lebanon in the late 70s and early 80s. For that reason alone it needs to be in a TPG holder even if it ends up getting a details grade. I am NOT saying yours is not real just that to get top dollar gotta be certified.
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Bedrock of the Community
Canada
11922 Posts |
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Valued Member
 Canada
270 Posts |
I appreciate the input & grades guys, But I believe we have already confirmed a VG8 - CLEANED & naturally re-toned. The way we've done this, is *OLcoins has found the exact coin, previously sold by Heritage auctions in 2000. I am not saying the coin is TPG certified at that grade, but Heritage is known for being extremely accurate and sometimes even conservative when consigning pieces. It was sold back in 2000, as part of the Piedmont collection. I now have quite a few of those coins, and will be selling them off through the next little while...hopefully to appreciating U.S collectors...(CCF MEMBERS IDEALLY...) I do however appreciate the input, and any other suggestions/comments!! I feel as tho my buyer would get a much better deal buying the piece raw, and slabbing it himself. At this current time, I would accept, and sell the piece for around 80% of G6 money...(1k U.S +/-). if it were in a VG8 slab, I would be inclined to sell it at VG8 money, especially after incurring the extra costs of shipping & slabbing. The fact it is a flowing hair, leads me to believe NGC or PCGS would want quite a bit of money to slab it...no? Any ideas on rough cost to slab this beast? I am located in Calgary, AB, and would likely send less than 20 coins for slabbing along with this one. (All U.S).. I have a few capped busts and Morgans that should be boxed... i would want a reletivly quick turnaround, with a fully insured ride. Anyone care to ballpark it?
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Pillar of the Community
 Canada
5400 Posts |
no more than 40 dollars US and there are dealers in Calgary who would send it in. Other options join the ANA and get NGC submission priveleges or send it to ANACS they would charge you about twenty. With all due respect it really is NOT very saleable unless authenticated and graded . Any thousand dollar plus coin that is not slabbed today raises far more questions than answers.
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Valued Member
 Canada
270 Posts |
Thanks for the info! I don't feel as tho $40 U.S would cover it... as far the the dealer in calgary that you're referring to that is currently submitting to U.S TPG's has forever lost my business. There is only one Calgary dealer I associate with, and unfortunately he does not submit anything, ever. my biggest issue with sending it to a U.S TPG, is that I will only send this coin via FedEx, fully insured. This costs around $60 a trip alone, and that's if I get tricky with the customs declaration.... so that's $100+, just in shipping, plus another $50+ trip to my buyer. We're taking hundreds just to move the coin back and fourth, and understandably, this will impact my buyers final cost... Also, I'd like to refer to the old saying "time is money", and simply don't want to wait weeks for turnarounds. Once this piece is sold, I have lots of other pieces to work on, I just want a quick sale basically... the Heritage auction archive is a really a gem for me, as it is an extremely rare occurrence that Heritage would auction off a counterfeit/misgraded coin, especially of this value.. *** Edited by Staff - Please review the rules that you agreed to when you registered. ***Thanks for all the info/comments/suggestions guys!! Keep it comming!!
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Pillar of the Community
 Canada
5400 Posts |
I never referred to any particular dealer in Calgary. I am personal friends with two of the gentleman who are in The coin business in Calgary. Both are straight up guys. And to put you straight 40 dollars more than covers the certification cost by Ngc or PCGS or Anacs.If you send it post to the States it is about $22 Canadian signature required. Hardly a fortune. There are No customs issue with sending a coin to a TPG in the States and getting it returned. To help you the customs tariff number is 9705.00.00.60 item of numismatic interest sent for expertise. Over the last 25 years I have sent many hundreds to all three services Never a problem. Quite plainly you have no idea about how to go about this in a sane less than half frazzled fox way of doing it. Good luck in getting proper money for this uncertified!
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Valued Member
 Canada
270 Posts |
I feel as tho there is some sarcasm behind your good luck comment, but I appreciate the luck either way!! I wasn't disagreeing with you, nor was I saying your advice was bad. I absolutely agree something of this value SHOULD BE certified. All I was saying, is that it is not worth the time, effort, and money to certify the coin. You have to agree, that sending to U.S TPG'S is a PITA. Now ICCS/CCCS is a different story but of course you know, an ICCS flip is as good as last weeks newspaper to a U.S buyer.. And if you are referring to the 2 gentleman I think you are that are Calgary dealers, (SW & RK), then yes....outstanding gentleman, that I highly respect.... Unfortunately, neither are submitting anything.
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Pillar of the Community
United States
4692 Posts |
For the OP, you could send to an auction house such as Great Collections and they will take care of the certification for you and auction it. Great collections will even give you a cash advance. I have used them to auction many of my coins and recommend them.
They will also give you their opinion if it is worth sending to CAC, and if so will take of that for you also.
Edited by jimbucks 05/10/2015 10:46 pm
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Bedrock of the Community
United States
10982 Posts |
I'll echo jimbucks comments regarding Great Collections. Their fees are very reasonable and with the leg work they do, you can't go wrong. My honest opinion, knowing it is a problem coin, is that you have a $750 USD coin retail once authenticated by a major TPG.
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Valued Member
 Canada
270 Posts |
Auction house is definitely an option, but again brings me to the time issue, and hassle of shipping the coin in circles... I'm looking to flip this coin as quick as possible, to move on to other items. I will be reintroducing $500-$5000 coins soon, MOST OF which will be sold raw, and given the way things are going, I feel little need for TPG'S, especially U.S ones... (I may consider sending a batch to ICCS in the future).. The entire reason for posting the coin here is to get a solid grade opinion, which turns out, the piece was under graded, and tagged at G6...so I appreciate everyone's help in uncovering the pieces actual grade!! Although, I really don't feel $900-$1100 U.S is enough to consign, especially knowing I can find a buyer myself. I don't see myself consigning anything, anytime soon, unless something ground breaking turns up, and I don't have the exposure to find a buyer.. Unless I get a decent offer through basic word-of-mouth, I will most likely put the coin up on the ol ebay...raw. Any thoughts on the best possible ebay route? Ie. BIN or auction?
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Replies: 34 / Views: 3,208 |
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