| Author |
 Replies: 21 / Views: 2,534 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
6370 Posts |
G-06 details, cleaned.
If I had to keep it, I'd shell out $50 for it. To sell, I would be willing to pay a bit higher.
Key dates, ESPECIALLY low-grade, damaged ones, are a very poor buy, and you will always lose money.
|
|
Bedrock of the Community
United States
94367 Posts |
 Could you re-phrase that, please - not sure of your point. Edited by Coinfrog
07/22/2017 6:21 pm
|
|
Rest in Peace
United States
17900 Posts |
|
|
Bedrock of the Community
United States
11920 Posts |
Quote:
If I had to keep it, I'd shell out $50 for it. Good luck buying this coin for $50. 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 |
|
Pillar of the Community
United States
1609 Posts |
I think he means to grade it. (?)
|
|
Valued Member
 United States
81 Posts |
Thanks so much for all the help everyone. Basically, I bought an almost complete Indian head set today at an estate sale for what I believed was a great deal ($500). I took the set to my LCS and they looked over and said most of the coins have been washed however, I should have absolutely no problem getting my money back and then some. And from the looks of things it sounds like this was an amazing deal even with the coins being washed! :). Here's the set...    |
|
Bedrock of the Community
United States
11920 Posts |
Awesome buy with all the keys. Only missing the 64-L. Congratulations.  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
07/22/2017 7:04 pm
|
|
Bedrock of the Community
Canada
11922 Posts |
|
|
Pillar of the Community
United States
3540 Posts |
Good buy. VG8 is possible on the 1877. 1876? How is the reverse on it? 1869 checked for double die? Check the 1888 for the overdate yet? 08 S and 09 S are in the set as well. If you had to turn the 1877 to get your funds out of the set immediately, I would send to a TPG for grade. No doubt in my mind that it is genuine, would just make it easier to sell with a grade on the slab. |
|
Valued Member
United States
81 Posts |
Edited by Crhnewbie
07/23/2017 01:05 am
|
|
Pillar of the Community
United States
1021 Posts |
The doubling you posted on the 1880 and the 1886 is Longacre doubling, which is common on all dates up the 1886 type 1. No premium for those, but a very nice score. You did well on this set for $500.
I grade the 1876 F 12 details, cleaned.
|
|
Valued Member
United States
81 Posts |
Thanks RedRaider, I looked up Longacre doubling and do agree that's what those two coins have. Thanks again to everyone for helping me to better understand the value of this set, especially with the coins having been cleaned at one point. Glad to know they are still worth a pretty good premium  As far as selling them, I was thinking patience is always key and selling the key/semi-key dates individually first and then selling the rest of the incomplete set would bring the highest profit. However, looking over each coin individually and considering their imposed values, I was also thinking about listing the entire book at 2.5k and letting it sit for a while just to see if someone wants it that bad. I would be thinking much higher than that but keeping in mind most if not all of the coins were washed at one point or another. Is that too low or way too unreasonable of a buy it all asking price all things considered? Now I have to decide what I want to do with them...I bought with the intent to flip them for a quick profit however, the more I look at them and learn about their history, I'm feeling I don't want to part ways with them especially knowing how much more I could/should have had to pay for them. Thoughts? Again, thanks so much to everyone in this forum, your knowledge and experience is vast and I hope to continue learning quickly and to begin to be able to help others with coin questions soon as well |
|
Pillar of the Community
United States
6370 Posts |
Quote:
Good luck buying this coin for $50. I don't want one, so my willingness to buy is pretty much nil. If I had to buy one for keeps, $50 is as much as I am willing to pay. Anything more is just a waste of money for an ugly, relatively-common coin. |
|
Bedrock of the Community
United States
11920 Posts |
The 1877 IHC is not rare. That is clear. But the IHC series is hugely popular and there are many collectors putting together sets. The 1877 is the undisputed key date for this series, and there is huge demand for this coin, especially in relatively affordable grades. The OP made a great buy and will have no trouble selling this coin for its full fair value which is probably $3-400 wholesale and $500 retail. Rarity and beauty are not the only drivers of value. Market demand is also perfectly valid. 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 |
|
Bedrock of the Community
United States
36906 Posts |
|
|
Page 2 of 2
|
Replies: 21 / Views: 2,534 |
Page 2 of 2
|
First Page
Posted 07/22/2017 6:20 pm
