Recent Pick-Up

I thought it was a great deal too. Plus it is CAC approved, meaning some dealers might pay a premium for it.

I've had some people tell me it doesn't look AU, at least on the obverse. One person who looked at it in person said the obverse didn't look AU but the reverse did (had alot of detail). I think it is graded correctly and apparently so did CAC. The reverse does seem to have more detail and less wear than the obverse.

I've had people tell me the whole series is overgraded.

But I absolutely love the coin and have to wonder how the seller who sold it to me was able to make a profit when he sold it, at such a good price (Almost greysheet!)

I really like the look of it. You have to remember that everyone has an opinion that's different from another person so don't take it to heart.

Who knows where it was stored. Could have been in a purse, feel in between a floor board, the possibilities are endless.

But if you think about it, it's amazing to think -- the coin is in incredibly good shape for being so old, of course, since the classic head series was so short with these, maybe they didn't circulate much after the series ended.

I don't know about Coins Magazine, but the latest issue of Coin Values list the coin at $2000 in AU-50 and $2500 in AU-55 - that's retail.

Yeah, that seems more like it. Like I said I paid $1200 for it and its AU53 and I thought I got a darn good deal. No idea why Coins Magazine price is so low.

Jaobler, thank you for the nice comment. I do also think I got a good deal on it, which is why I was surprised the price was so low on the Coins Magazine. I love the coin, I think it's a great piece. Funny. I took it into the coin shop there, and asked him "What do you think of this coin?" he said he wasn't interested in buying it because of the contact marks/blemishes on the obverse and that he didn't have any buyers for it. I told him I didn't want to sell it I just wanted his opinion on it. Then he took out an old copy of Coins Magazine when I asked his opinion on its value and he said $12,000. I told him I paid $1200 for it. This gave me a little chuckle as I pointed out he was looking up the price for the 1834 Turban head in AU50/53!

He then pointed out that in the Coins Magazine it was only worth $986 (I Can't remember the exact amount, but it was in the $900's) and that I overpaid. I pointed out to him the fact that the price listed was for AU50 condition coins, and that mine was a AU53. He told me that the next step up from AU50 was MS60. (I think He was ref erring to the grade in the magazine, it went from AU50 to MS60 as the next grade up; there was no inbetween AU53, 55, 58, etc)

I told him the magazine was probably outdated and asked if he had the current one. He did. He took it out, it was another Coins Magazine, and sure enough, the price was the same (or very close) still in the $900's. Very odd I thought.

My mistake, he had coin prices not Coins Magazine. Why is it only $965 in AU? Isn't that a bit on the cheap side?
Seems less than wholesale.