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 Replies: 33 / Views: 3,399 |
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Pillar of the Community
United States
6370 Posts |
Not as bad of a price as you were letting on. I would top at $350 if I really wanted the coin.
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New Member
 United States
15 Posts |
That's kinda,what I was thinking was 350 or so..after thinking it over 450 would be a bit too much.
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Pillar of the Community
United States
7390 Posts |
Pictures on a kitchen mat rug and a Kincade print that comes at you from left field. People amaze me on ebay |
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Pillar of the Community
United States
4469 Posts |
I typically would not recommend anyone buying a problem coins, but this coin in the grade that you can afford or willing to pay is going to be a problem coin. I can tell that you like the coin from your posts, so go for it. You are not going to get hurt spending a few extra dollars on this coin as it is rare in the grade that you want.
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Pillar of the Community
United States
1414 Posts |
Not all that rare if book says $800 in VG....I would wait for another...
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Pillar of the Community
United States
675 Posts |
Personally I would wait for another example, I am sure a low grade problem free example will come around eventually. There are just a few too many problems with this coin. If you do bid on it, just be aware that you will likely take a bit of a loss if you resale it.
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Bedrock of the Community
United States
94367 Posts |
 I wouldn't do it. It may be scarce, but will probably be tough to sell. Unless perhaps you're trying to collect all the LS CC dollars?! |
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Pillar of the Community
United States
3343 Posts |
Here's my details 1870-cc.  The date is damaged. The reverse is what I was after for the buckle. For one with a hole I'd say $250 is fair. For cc gold with problems I think no more than 2x melt is a fair deal. A badly damaged AU cc $10 recently sold for $810 on the bay. Way rarer than the 1870-cc $1, and backed up by almost $600 in gold instead of $15 in silver. Perfect cc reverse too...great belt buckle material. http://www.garyscustomsaddleryandsi...e-shape6.htm"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
07/05/2015 6:42 pm
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Bedrock of the Community
United States
94367 Posts |
There is not a single damaged or repaired coin that I have bought in my fifty years of collecting that I have not regretted.
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Pillar of the Community
861 Posts |
Nearly ALL pre 1933 coins are problem coins. It is estimated that 90% have been cleaned and many have other damage. The "plug" is generally a deal breaker, at least for me. To me, you should only buy high grade problem coins as low grade, problem or not, is junk. JMO
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Bedrock of the Community
Australia
21788 Posts |
We here in the CCF have some opinions.
It is also worth 'phoning some top level coin business, such as Heritage Auctions, describing the 'details' in detail.
THEN ask them to what extent the auctioned price may be hypothetically affected.
You have a vested interest in their answer, and I, for one, would sure like to know!
My opinion (for what it is worth), is that with 500 minted and valued at $900 for grade without problems, I would be very reluctant to pay more than 10% to 15% of 'non details' value.
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Pillar of the Community
United States
3330 Posts |
Quote:
My opinion (for what it is worth), is that with 500 minted HA seems to think that there were 12,462 minted! |
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Pillar of the Community
United States
4416 Posts |
Quote:
There is not a single damaged or repaired coin that I have bought in my fifty years of collecting that I have not regretted. Golly, Froggie, it seems that you'd find my collection to be most regrettable, then, many holed, some plugged, and a few thousand counterstamps ....  OP ... From the humble perspective of a longtime collector of "damaged" coins, I suggest that you hold out for a decent condition 1870-CC ... That is, if you want a coin that you will appreciate revisiting, showing to others and keeping for years to come. It seems that the damage is what precipitated this posting, and buyer's remorse would forever be a concern were you to make this purchase. One more thing ... There are a great many U.S. coins, errors, tokens and the like that are rare. Consider owning a condition rare coin ... How about a Full Horn, 1921-S Buffalo in XF for one? |
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Bedrock of the Community
United States
17884 Posts |
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Lower limit of 5? Is that so you don't have to include the 1825 N-5? There are more than 5 of them now. |
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Pillar of the Community
United States
4416 Posts |
Upon once proudly showing my 1797 NC-2 flea market find to a notable EAC dealer at a show, he informed me that many of yesterday's "NC's" - short for Not Collectible - have become Now Collectible. Rarity, it seems, amounts to more than simple numbers ... It's more often to be a mindset. A collector is far more apt to locate a 1797 NC-2 than he is to locate say a less common or "rare" L. POMEROY counterstamp like my avatar. Yet, that 1797 will command a much higher price. Demand tends to govern rarity where price matters. The demand for damaged coins is understandably lower among most collectors. Many collectors have difficulty looking past the damage. If cost is at all a consideration, anyone considering buying a "rare" but damaged coin, like our OP, needs to factor this reality into his equation, his thought to make such an investment. Counterstamp collectors typically do this ... excepting those who spend millions of dollars for those "damaged" Brasher Doubloons, of course! BTW ... The OP's coin reminded me of this one: http://www.coinworld.com/insights/s...o-fakes.htmlEdited by ExoGuy
07/06/2015 06:15 am
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Replies: 33 / Views: 3,399 |
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Posted 07/05/2015 2:22 pm
