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Should I Buy A Rare Coin With Details?

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Rest in Peace
moxking's Avatar
United States
17900 Posts
 Posted 07/05/2015  1:37 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
A PCGS Vf 20 holed and plugged has been listed at $599 for week after week after week after week on ebay with no bidders.
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godzilla98s's Avatar
United States
15 Posts
 Posted 07/05/2015  1:47 pm  Show Profile   Bookmark this reply Add godzilla98s to your friends list Get a Link to this Reply
So maybe where it is at now is maybe a bit high..
Here is the ebay number... ending tonight and the bid is not mine I have not pulled the trigger.
361331246169
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GERMANICVS's Avatar
Germany
1849 Posts
 Posted 07/05/2015  2:09 pm  Show Profile   Bookmark this reply Add GERMANICVS to your friends list Get a Link to this Reply
The 1870 CC Seated dollar is the only readily available CC-seated $. All other issues are quite a bit scarcer. So my guess is there is collector pressure/demand for this coin, even for less-than-perfect examples. Personally though, I think this particular example is already overpriced, but not by much. It all depends how much you really want it, and are ready to possibly take a loss if you decide to sell.
I have bought damaged coins before, but only when they are very difficult/impossible to obtain otherwise.
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 07/05/2015  2:18 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
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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godzilla98s's Avatar
United States
15 Posts
 Posted 07/05/2015  2:22 pm  Show Profile   Bookmark this reply Add godzilla98s to your friends list Get a Link to this Reply
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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Cascade's Avatar
United States
7390 Posts
 Posted 07/05/2015  3:34 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
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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Slider23's Avatar
United States
4469 Posts
 Posted 07/05/2015  3:34 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
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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kakaratt77's Avatar
United States
1414 Posts
 Posted 07/05/2015  4:03 pm  Show Profile   Bookmark this reply Add kakaratt77 to your friends list Get a Link to this Reply
Not all that rare if book says $800 in VG....I would wait for another...
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Thundercoin's Avatar
United States
675 Posts
 Posted 07/05/2015  4:17 pm  Show Profile   Bookmark this reply Add Thundercoin to your friends list Get a Link to this Reply
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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Coinfrog's Avatar
United States
94367 Posts
 Posted 07/05/2015  4:57 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
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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thq's Avatar
United States
3343 Posts
 Posted 07/05/2015  6:26 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Here's my details 1870-cc.

Should-I-Buy-A-Rare-Coin-With-Details?

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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Coinfrog's Avatar
United States
94367 Posts
 Posted 07/05/2015  6:29 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
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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861 Posts
 Posted 07/05/2015  9:41 pm  Show Profile   Bookmark this reply Add g048406 to your friends list Get a Link to this Reply
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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sel_69l's Avatar
Australia
21788 Posts
 Posted 07/05/2015  9:53 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
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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Pete2226's Avatar
United States
3330 Posts
 Posted 07/05/2015  10:02 pm  Show Profile   Bookmark this reply Add Pete2226 to your friends list Get a Link to this Reply

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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