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Buy The Coin Not The Slab?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 16 / Views: 2,292Next Topic Page 2 of 2
Pillar of the Community
United States
1373 Posts
 Posted 08/22/2022  11:33 pm  Show Profile   Bookmark this reply Add atticguy to your friends list
Seller is posting a RAW 1989-S ASE for sale. Current value is about $19.00.
Pillar of the Community
United States
2282 Posts
 Posted 08/22/2022  11:40 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list
Atticguy- Where are you buying proof cameo ASE for $19?

Exactly.

This seller is off his rocker no doubt, but $19?



You realize when you know how to think, it empowers you far beyond those who know only what to think.

-Neil deGrasse Tyson
Edited by NumismaticsFTW
08/22/2022 11:43 pm
Valued Member
United States
378 Posts
 Posted 08/22/2022  11:53 pm  Show Profile   Bookmark this reply Add eaglebub7 to your friends list

Quote:
Seller is posting a RAW 1989-S ASE for sale.

Agreed, it is a RAW coin once broken out. The question is becomes; why have the old NGC label incorporated into the ad? Surely it is to help the seller realize a higher $$
Bedrock of the Community
Australia
21788 Posts
 Posted 08/23/2022  12:51 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
I suspect bait 'n switch.
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United States
34425 Posts
 Posted 08/23/2022  07:01 am  Show Profile   Bookmark this reply Add Spence to your friends list
Could be nefarious, although I do note that when I break out a previously-slabbed ancient coin, I save the label with the 2x2. This could be a different situation though.
"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
Bedrock of the Community
United States
94367 Posts
 Posted 08/23/2022  08:37 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Since it's ebay, I tend to be skeptical.
Valued Member
United States
170 Posts
 Posted 08/23/2022  11:24 am  Show Profile   Bookmark this reply Add pilotaggie to your friends list
I've never done it myself but I have seen people who broke out coins to put in albums keep the label. Usually its an older coin that they wanted "authenticated" more than the grade so they bought a slabbed coin that didn't grade as high. No idea why you'd do it with an ASE but I don't collect these either.
Pillar of the Community
United States
1373 Posts
 Posted 08/23/2022  1:41 pm  Show Profile   Bookmark this reply Add atticguy to your friends list

Quote:
Atticguy- Where are you buying proof cameo ASE for $19?


A: I didn't say I buy ASE's, and with the pics shown, how do I know it's a proof or uncirculated coin?

B: I posted the $19 as it's silver value. A generous pawn shop will pay you $19 for an ASE and a VERY generous shop will give you more. The 'common' pawn shop will give you $16-$17 for it. I'm really not positive, but a bank might not even give you $1 for it, as I don't know if ASE's are actually legal tender. (I'll look this up after I post this)
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 Posted 08/23/2022  1:44 pm  Show Profile   Bookmark this reply Add Keith67 to your friends list

Quote:
I don't know if ASE's are actually legal tender.

They are legal tender
Pillar of the Community
United States
1373 Posts
 Posted 08/23/2022  1:51 pm  Show Profile   Bookmark this reply Add atticguy to your friends list
Yes, I just checked. They are worth $1, however, my bank told me they will NOT accept them. (Not that I would ever try)
Valued Member
United States
378 Posts
 Posted 08/23/2022  8:39 pm  Show Profile   Bookmark this reply Add eaglebub7 to your friends list
I guess it's not surprising someone has taken it down.
Pillar of the Community
United States
2282 Posts
 Posted 08/23/2022  9:27 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list
atticguy- You are very ignorant.

So I have no idea why you are even responding, with such nonsense.

You cannot tell this is a proof coin?

The 1989-s only came in proof, plus look at the apparent cameo.

You don't know it's legal tender?

It is.

You've been in the attic too long..

ASE's have a massive premium right now, pawn shops will pay you $3-4 dollars over spot right now, not $2-$3 under spot.

You realize when you know how to think, it empowers you far beyond those who know only what to think.

-Neil deGrasse Tyson
Edited by NumismaticsFTW
08/23/2022 9:50 pm
Pillar of the Community
United States
1373 Posts
 Posted 08/24/2022  08:47 am  Show Profile   Bookmark this reply Add atticguy to your friends list
Well, thanks a lot for spilling the beans. I was trying to keep it a secret but now the whole forum knows I'm ignorant. And yes, I did play with fiberglass too much when I was a kid.

You are correct; that coin is most certainly a proof.
Valued Member
United Kingdom
218 Posts
 Posted 08/24/2022  09:05 am  Show Profile   Bookmark this reply Add Gainn to your friends list
Once it's out of the slab the old grading is irrelevant, so it's very deceptive advertising.

The listing appears to have been nuked, so I guess ebay agreed.


Pillar of the Community
United States
2282 Posts
 Posted 08/24/2022  3:29 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list
No doubt deceptive and the prior grade is irrelevant.

I'm glad ebay got rid of it
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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