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Pillar of the Community
United States
4233 Posts |
I guess I'm saying you should use images of what the coin actually looks like, not juiced images of some other coin from a deceptive seller. What the coin actually looks like is what you'd see in hand in a shop, and you'd get that actual coin.
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Valued Member
 United States
100 Posts |
Well for this I only had a "reputable" (so I thought based on feedback), photos and description. Seeing this coin in this condition at my trusted LCS, I personally would pay $96.99 and send it in for grading. This was to prove that if you see a coin in real life that looks like MS, a scarce date/mint, and is what I consider a good deal, I would buy it. I'm guessing most of us don't mind scoring a deal on a beautiful coin. Had I seen this coin in person and it is was in the condition it actually is, I would had never purchased it. The only thing I hope is that I am not as stupid as some may think I am, but maybe I am haha.
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Moderator
 United States
15459 Posts |
Those are terrible bright images and I have no doubt the coin does not look like this in hand.
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Pillar of the Community
United States
756 Posts |
79-O isn't a particularly scarce coin. there are about 100 of them being auctioned on ebay as we speak. there will be another 100 next week. and 100 more the week after. you dont need to be in a rush to pick one up. there are more available then there are collectors. to back that up with some data - PCGS has certified more than 16,000 of them. NGC another 10,000. the entirety of the American Numismatic Association has 24,000 members. many of those people do not collect Morgan dollars. |
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Valued Member
United States
100 Posts |
I'm learning when it comes to coins to be weary of the light.  Edited by Shtiv
12/29/2022 2:15 pm
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Bedrock of the Community
United States
11896 Posts |
I was in a similar position to yours when I first came onto CCF. There were many people who were very kind and helpful to me here and guided me to be able to grade coins better and make better choices. I also paid a lot of "tuition" like you have at those scammy auction kings-like listings. That "tuition" bites but it teaches you to be more careful and learn from your mistakes.
One of the charms of coin collecting is that it is challenging. If it were simple like tic tac toe, it wouldn't be worth engaging in. Over time, many of us coin collectors experience many layers and dimensions in our collecting journey. Your recent grading misfires are something that most coin collectors can easily relate to. We have all made mistakes, we remember them, and hopefully we learn something valuable from them. This is one point where many quit the hobby in exasperation, but for some, the mystery of learning about our shared history through real live artifacts that witnessed every major and minor event in the past draws us back.
If you are trying to land a great $ score there are easier places to do that than in coin collecting. Coin collecting, I believe, is its own reward because it teaches us to be patient, to learn continuously and allows us to engage in friendships with people with whom you share a passionate interest.
Hope that you will stay and grow with us.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Valued Member
United States
100 Posts |
Very nice, thank you numismatic student! Life is an adventure of learning and in a lot of cases spending money. I've learned to enjoy what I do and recently it's been falling in love with coins and the history of them. Luckily I have a good job and can avoid to lose a little here and there, it beats what I paid to go to college haha.
Edited by Shtiv
12/29/2022 2:43 pm
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Bedrock of the Community
United States
10982 Posts |
I might have paid that amount so said "Yes". Worse case scenario from those images is AU details and you have ebay's Buyer protection if a problem arises. Clearly a problem did arise because you didn't get the pictured coin. Return it. |
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Bedrock of the Community
United States
11896 Posts |
One important aspect of coin collecting beyond just grading (that is just base level) is figuring out :
(1) what makes a coin valuable to me,
(2) what makes it valuable to coin collectors at large and
(3) what makes it valuable to the specific coin collector who is likely to buy your coin down the road when you are ready to part ways from it.
Some "pure" collectors are only concerned with (1). For those who become concerned with (2) and (3), they may want to not lose from an activity that they sunk a lot of time into. What you choose to concern yourself with is entirely based on you preferences. It is fun imho if my collecting activities are able to be funded by thoughtful, informed, smart or lucky choices, even if it is just partially.
Finally, I think coin collecting differs from other hobbies like golf. You aren't going to ever get your green fees, cart fees, equipment purchases, lessons and travel to get to your golf destinations back. With coin collecting, your hoard may become a worthless yoke around your neck but I suppose that there is a chance that you can get some of what you put in back. Heck, some here do coins for a living.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
12/29/2022 3:32 pm
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Pillar of the Community
 United States
5674 Posts |
I think the question is unanswerable, because I have no idea what this coin would look like in hand.
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Bedrock of the Community
United States
94367 Posts |
@Shtiv - My general sense of your comments is that you're an enthusiastic but novice collector, trying to learn about the hobby the hard way by "buying raw and learning from mistakes" with hardly any hands-on experience. This is illogical and a waste of time and money. My advice would be to spend your time visiting as many coin shops and coin shows as possible, not just websites. Handle coins and slabs in the series that interest you, drink in the subtleties, note the price spreads. Ask questions. Learn to spot cleaned coins. Listen and learn coin talk. And leave your checkbook at home. Save your money until you're confident. Don't get suckered into buying raw internet stuff that you must admit that you're not qualified to evaluate.  Edited by Coinfrog
12/29/2022 6:06 pm
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Valued Member
United States
100 Posts |
I would have to say that is good advice. :)
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Pillar of the Community
United States
2282 Posts |
Coinfrog telling it like it is!
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Pillar of the Community
United States
1775 Posts |
You can also check out websites for larger auction houses like Heritage and Great Collections. Look at the professionally graded coins and get a better understanding of the grades and look of coins. ebay is a tough place to start collecting coins from. I've collected since the mid-eighties and have bought 3 coins on ebay and 2 of them were professionally graded. On ebay, if it looks too good to be true, it is. Once you learn and specialize in a specific area you can cherrypick, but even that is a challenge for most. |
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Moderator
United States
54282 Posts |
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Posted 12/29/2022 1:43 pm
