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Coin Out Of My Budget- Should I Do It Anyway?

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 06/04/2013  4:33 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
No.

Th first thing that struck me about this coin was the blatant porosity of the obverse. And no, it's not the photography. The reverse shows none of it; it's PMD. There is no way this coin slabs as Original Surfaces. That makes the price high, and it will forever annoy you to look at. It's rare, but not unknown. There will be another.

Walk past. This isn't the one to blow your budget on.
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macmercury's Avatar
United States
5832 Posts
 Posted 06/04/2013  4:42 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
I noticed what SuperDave have pointed out when I look at the pictures for yesterday, but I don't know enough about the series. I would agree you can find a better one to blow your budget on!
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panzaldi's Avatar
United States
18685 Posts
 Posted 06/04/2013  6:13 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
SsuperDdave is the man...if he says pass, I would pass.

like I said, with a rare R5 coin why wouldn't they want to have it slabbed and graded. i'll tell you why...they know it will come back as detail grade.
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vermontensium's Avatar
United States
16679 Posts
 Posted 06/04/2013  6:22 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I agree with Ssuper :-) ...walk.
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Buddy's Avatar
United States
7075 Posts
 Posted 06/04/2013  6:32 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
Follow the advice of the experts.

And here's my advice. Save first, then shop. For two years I kept to a budget and bought only a couple of buffaloes and one Morgan. Then I got my husband a $20 gold coin for his birthday -- because I saved for TWO YEARS. And it is NOT and investment because I doubt that he'd ever sell it unless he was desperate and desperate people don't get the full value because they have to sell in a hurry.


For me, going to coin shows is like visiting museums. I got to look and learn.
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jerseyben's Avatar
United States
1211 Posts
 Posted 06/04/2013  6:41 pm  Show Profile   Bookmark this reply Add jerseyben to your friends list Get a Link to this Reply
I'm glad Dave said something. As soon as I looked at the coin, I thought that the surfaces looked off.
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miket's Avatar
United States
258 Posts
 Posted 06/04/2013  7:04 pm  Show Profile   Bookmark this reply Add miket to your friends list Get a Link to this Reply
Don't have a reference but is this coin worth that?
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miket's Avatar
United States
258 Posts
 Posted 06/04/2013  7:05 pm  Show Profile   Bookmark this reply Add miket to your friends list Get a Link to this Reply
Plus is that even close to your budget?Thats a lot of money.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 06/04/2013  7:20 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Don't have a reference but is this coin worth that?


It's *nice,* probably high EF-AU Details, and that's near-Condition Census for the variety. As such, gut feeling is it's about a ~$1000 coin. This is truly a rarity, and even rarer with original surfaces. But the OP is a nut for this series, and even if the money were closer, I'd advise him to look elsewhere. This one would drive him around the bend.
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BH1964's Avatar
United States
10982 Posts
 Posted 06/04/2013  7:29 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Listen to SsuperDdave. Good advice given.

The first thing I thought was, "probably re-colored and crazy expensive for a raw piece".
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 06/04/2013  7:37 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
"probably re-colored and crazy expensive for a raw piece"


Yeah, that, too, considering what probably originally accompanied the porosity.
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OldSkoolMadSkilz's Avatar
United States
2077 Posts
 Posted 06/04/2013  8:31 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list Get a Link to this Reply
Wow, thanks for all the advise! I was concerned about the color too. I did contact the seller and asked if I could return the coin if it didn't come up as gradable with a TPG.

This particular coin is extremely rare in high grades. It is one, however, that I will be able to find again. I think I will take a pass. Thanks again for all the input.
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oih82w8's Avatar
United States
7840 Posts
 Posted 06/04/2013  10:05 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
I finally got to look at this coin of concern. When I used the magnification feature, it is really porous. And I can agree with others who mention that a coin of it's stature would need to be slabbed before I dropped any money on it.

I also caught up on the other posts after my last one (woo-saa), Dave pretty much said the same thing...pass.

Edited by oih82w8
06/04/2013 10:07 pm
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