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I Just Paid $70 For This Coin Off Apmex, Should I Consider Returning It?

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Conder101's Avatar
United States
17884 Posts
 Posted 12/14/2021  05:08 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
This coin is a good example of why the original concept of "being able to buy and sell coins sight unseen" that the TPG's were created for and pushed in the early years was doomed to failure. Under the "sight unseen" rules, this coin would NOT have been returnable because it was advertised as a 64, and the slab says it is a 64.
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Ballyhoo's Avatar
United States
1613 Posts
 Posted 12/14/2021  10:25 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
Yikes! Yes, I'd return it as well. I've bought some Australian silver in both NGC and PCGS from them with no issues for around the same price. Yeah, completely different coins, but as for buyer satisfactions no complaints with them here.
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52Raymo's Avatar
United States
8518 Posts
 Posted 12/15/2021  09:57 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
I always ask APMEX if the coin listed is the coin I'll receive. They always answer me. Send that back, they'll take it back.
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jafo50's Avatar
United States
175 Posts
 Posted 12/15/2021  10:55 am  Show Profile   Bookmark this reply Add jafo50 to your friends list Get a Link to this Reply
It's a pretty ugly example. I would return it and look for another copy.
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BuffaloIronTail's Avatar
United States
92 Posts
 Posted 12/15/2021  12:14 pm  Show Profile   Bookmark this reply Add BuffaloIronTail to your friends list Get a Link to this Reply
Terrible toning IMHOP.

Yep. Send it back.

Pete
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Bulldawg714's Avatar
United States
96 Posts
 Posted 12/15/2021  1:21 pm  Show Profile   Bookmark this reply Add Bulldawg714 to your friends list Get a Link to this Reply
Definitely not the kind of toning you want to see I vote send it back and find a better example elsewhere. Hopefully your luck improves!
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westcoin's Avatar
United States
9794 Posts
 Posted 12/15/2021  3:35 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
It looks like some toning from the LaVere Redfield Hoard in Las Vegas. He had stored many bags of silver dollars in cellars he had dug in the desert and along with the coins he stored cans of peaches, in the heat many cans exploded and got peach juice all of the coins and bags, leaving many blotched and toned just like this. I'm not sure that Redfield had many 1923 Philadelphia dollars though, and no way to prove this came from the hoard, but it's a plausible explanation for the weird toning.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
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Coinfrog's Avatar
United States
94367 Posts
 Posted 12/15/2021  3:44 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good backstory, thanks for that!
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jbuck's Avatar
United States
189603 Posts
 Posted 12/15/2021  4:47 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
It looks like some toning from the LaVere Redfield Hoard in Las Vegas... no way to prove this came from the hoard, but it's a plausible explanation for the weird toning.
Very interesting.
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nss-52's Avatar
United States
54283 Posts
 Posted 12/15/2021  5:33 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
It's grotesque.
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Zurie's Avatar
United States
5679 Posts
 Posted 12/15/2021  8:05 pm  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
I wonder if the ugly toning and possible corrosion developed after the coin was graded, perhaps from some chemical splattered on the obverse before it was slabbed. If this had been graded as it appears now, there should have been a major deduction for poor eye appeal, and given the marks on the reverse, there's no way it could have gotten a 64.
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fortcollins's Avatar
United States
3663 Posts
 Posted 12/15/2021  8:19 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
Oh my. Words fail.
I-Just-Paid-$70-For-This-Coin-Off-Apmex,-Should-I-Consider-Returning-It?
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westcoin's Avatar
United States
9794 Posts
 Posted 12/16/2021  1:51 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
While it might be cool if you could positively prove it was from one of Mrs. Redfield's jars of exploded peach preserves, I think it's ugly also and I wouldn't want it in my collection as a type or date coin. Maybe with the proof from a Redfield hoard coin would be neat as an aside piece, but not as a coin the the main collection.

I'm pretty much in agreement with all the others, send it back, get a refund, buy only coins you can see ahead of laying out the cash for.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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jbuck's Avatar
United States
189603 Posts
 Posted 12/16/2021  3:21 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I wonder if the ugly toning and possible corrosion developed after the coin was graded, perhaps from some chemical splattered on the obverse before it was slabbed.
Or the slab was stored improperly. They are not 100% air tight. Time and bad environment are still their enemy.


Quote:
If this had been graded as it appears now, there should have been a major deduction for poor eye appeal, and given the marks on the reverse, there's no way it could have gotten a 64.
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jbuck's Avatar
United States
189603 Posts
 Posted 12/16/2021  3:24 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I'm pretty much in agreement with all the others, send it back...
This one is a fly ball into the bleachers at Wrigley from the visiting team.
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