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What Would You Do?

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First Page  Showing last 15 replies.
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Bedrock of the Community
United States
14454 Posts
 Posted 06/17/2006  9:08 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
I know ebays rules when someone makes you a offer to take something off of ebay and sell it to them so you wont have to pay the ebay fees but this person doesn't even know its on ebay, he just made a offer after seeing it. And they said they would send it to leroy van allan because his definition of a VAM7a would need to be revised because this one doesn't have the large die cracks but shows all the other characteristisc, it even has the starting of a squiggly line that is alot deeper right under the large die crack shown in the picture, it looks like this is a very early state of the vam-7a. And I'm not really asking what should I do, I just want to know what would you do if you were in this situation
Edited by Bryan1315
06/17/2006 9:48 pm
Pillar of the Community
Australia
1091 Posts
 Posted 06/17/2006  10:12 pm  Show Profile   Bookmark this reply Add toast to your friends list
quote:
Originally posted by Bryan1315

...It turns out that this is in fact a Early Die State of the VAM-7a and since its in PL (and could be the only VAM-7a in PL since no other known 7a in PL or DPL is known at this time) must be pretty early at that.



That's a keeper! I would take if off ebay because you will never get what it's really worth on the internet. Buyers want to see this one with their own eyes. Sell it on ebay and you are just ripping yourself off.

If you still want to sell a "no other known" coin, take your time and to get the right price. You'll never be able to get this one only coin again.
Bedrock of the Community
United States
14454 Posts
 Posted 06/17/2006  10:21 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
Ok I ended the auction early but would still like to hear what others think about this

I did not end the auction to sell it to make a bigger profit, I ended it because I am now thinking twice about selling it all together

I guess its a good thing no one on here showed any interest in it because I would have shipped it to them and would have never knew what it was until they told me after they found out for themself, I knew it was a VAM-7 but didnt know all the other stuff about it being a EDS of a VAM-7a and the only PL known so far
Edited by Bryan1315
06/17/2006 10:27 pm
Bedrock of the Community
United States
14454 Posts
 Posted 06/17/2006  10:30 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
the only thing I see that was suggested that I cant do right now is send it off to get the attribution on the slab because its not known to exist yet in this EDS and like I said even Leroy Van Allen will either have to adjust his definition of the VAM-7a or make a EDS and a LDS version because the description he has of a VAM-7a now has the large die crack along with all the other stuff my coin has
Valued Member
United States
383 Posts
 Posted 06/17/2006  10:45 pm  Show Profile   Bookmark this reply Add Joeyuk to your friends list
I think you did the right thing to pull the auction while you think it over. New information changes everything. I'm glad there were no bidders as no feelings to get hurt.
No reason not to have it seen by Mr. Van Allen yourself. Perhaps wind up with a letter stating his conclusions.
Bedrock of the Community
United States
14454 Posts
 Posted 06/17/2006  11:12 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
That is probably what I end up doing sending it to him myself and see what he says. Anyone got his address? lol
Edited by Bryan1315
06/17/2006 11:12 pm
Pillar of the Community
United States
1703 Posts
 Posted 06/17/2006  11:40 pm  Show Profile   Bookmark this reply Add TLS5933 to your friends list
Bryan,
If you didn't realize what you had then I would have done the same thing and pulled it from ebay and deceided what to do with it after that. Now if you would have had a bid,thats a different story.
Just for my own interest where is the VAM 7 die crack located? Dang, I have to get me a VAM book.
Bedrock of the Community
United States
14454 Posts
 Posted 06/18/2006  12:02 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
the VAM-7 doesn't have it the VAM-7a is supposed to and its above ATES in STATES and it has a die gouge on the cheek of Liberty and 1 and 8 in the date is highly doubled (the doubling in date is on the VAM-7 and VAM-7a) The VAM-7 is a R-4 and the VAM-7a is a R-6
Edited by Bryan1315
06/18/2006 12:03 am
Valued Member
United States
383 Posts
 Posted 06/18/2006  09:57 am  Show Profile   Bookmark this reply Add Joeyuk to your friends list
When I inherited about 55-60 Morgans I was overwelmed trying to attribute them. I sent them to messydesk on the other sits to attribute. He has a pay service does a nice job . The ones he could not attribute he sent to Leroy Van Allen for me and they are now listed on the update page. I sent messydesk a PM asking for Leroy's address.
Valued Member
United States
383 Posts
 Posted 06/18/2006  8:54 pm  Show Profile   Bookmark this reply Add Joeyuk to your friends list
I sent a private message in the other forum with his address.
Rest in Peace
United States
2684 Posts
 Posted 06/18/2006  9:05 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list
Bryan, I would have done what you did under the circumstances. Since there were no bids, you had a potential offline buyer who had no knowledge of the ebay auction, and new information came to light about the Morgan, I would have pulled it. The buyer seems to be knowledgeable enough about Morgan VAMs, so he knows what he's getting into. But, unlike you, I would have definitely sold it; I need a new rear axle assembly (both axles, bearings, and differential) for my Jeep Grand Cherokee and need to scrounge up all the loose change I can find.

Fred
Valued Member
United States
228 Posts
 Posted 06/18/2006  9:15 pm  Show Profile   Bookmark this reply Add Kerry67 to your friends list
Bryan, you have an impressive collection of Morgans obviously. How did you come about so many valuable coins ? Have you been collecting for a while or did you score a big load of coins at once ?
Bedrock of the Community
United States
14454 Posts
 Posted 06/18/2006  11:29 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
You wouldn't believe me if I told you, But I guess I am going to give it a try. I have only been collecting since September of 2005 and I started out with 0 coins in my collection. I started looking and decided I really liked the Morgan dollars so I started purchasing raw morgans from ebay. I thought they were real high grade stuff (you know how you are when you first start out, everything you touch and look at is a MS-65 or better) anyhow I was searching on ebay and I found something I had never seen before in auction, it was a VAM and I was in awe and didnt know what the heck it was but I knew I just had to have it. It was a MS-62 VAM-83 with a High 1 graded by NGC and when I finally received this coin and compared it to my raw coins I knew then I would never buy another raw coin atleast until I had some better skills (which I havent aquired yet)anyway this became the coin that started my #1 registry set of B1 reverse Morgans. At first I didnt quite understand the differences between grading services and I bought one NTC and one PCI Morgan and after comparing them to the NGC and PCGS coins I had then aquired that was supposed to be the same grade I could tell the difference so them coins went back on ebay. So from then on it has been NGC and PCGS with an occasional ANACS coin if it was something I needed for a registry set (they had to be crossed before I could do that) and I started looking at pricing of the coins and I decided that MS-64 was the best Bang For The Buck so that was all I collected and never bought anything under that.I soon joined NGC's Collectors-Society and was able to send in my coins for crossover and could send in some of the better raw coins I had aquired with the 5 free ticket that they gave me for joining. I had 1 bodybag and the rest that I thought were high grade coins werent so high grade, the highest was a MS-62 1891 and the lowest being a 1882 O/S VAM-5 Broken s which was a TOP 100 coin so all wasn't lost. I know this is becoming a long story so I will end it here, but I aquired 100% of my items from internet auctions and none of my morgans were given to me at all. I did however get a pretty large coin collection (well 1/3 of his collection) from my grandfather a couple months ago but I havent even inventoried those to see what was actually in there.So there ya have it and I am proof that it doesn't take a long time to aquire just about a full date set of Morgans in MS-64 condition even if you are limited to internet sales (even though you may have paid a little to much at times, there was times you paid alot less then they were actually worth).
Edited by Bryan1315
06/18/2006 11:34 pm
Bedrock of the Community
United States
14454 Posts
 Posted 06/18/2006  11:47 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
I forgot to mention even though I had aquired the vams in my B1 collection I still didnt quite understand what made them a VAM or even what exactly a VAM really was. I started reading alot of posts by doing a google search and started learning a little (very little) and saw some die cracks in a few pictures and I thought well heck let me look at my coins. I had the 1878 8TF that had a crack going all the way around it and I thought to myself if them little ol cracks they are showing is worth something just think what this massive crack going all the way around is worth, anyway I looked at my 1878 7/8 TF and it had doubling all over it (which I knew was something) I did a search on google again for 1878 7/8TF VAM's and low and behold there was someone asking about the same questions I had so I clicked on it and thats how I found this site. I asked the question about my 8TF morgan after reading his post and replies about his 7/8 TF VAM and then I decided to look at other 8TF's on heritage to see if they had it also, well each and every one of them had this characteristic, so I felt like a real dummy, so I quickly appologized for waisting everyones time and waisting their space and I was told that there is no stupid questions here and I was made to feel at home so I stuck around and kept reading and then I noticed that I had alot of different little things on alot of my coins so I started asking about some of them and then I decided to buy the VAM book and search through them myself. I found that I had quite a few different varieties here in my little collection and I think I asked to make sure each was what I thought it was. Anyway everyone of my VAM's that I have are unattributed except for my B1 reverse Morgans and thanks to the people on this forum they have helped me attribute each and every one of them,and now I feel confident enough to answer other peoples questions about VAM's of different varieties and dates (even though 1878 is my main focus at this time) if I didnt know anything about what they were asking I looked it up and gave them the best answer I had for their question. Maybe someday I will be able to give back some of the knowledge to someone else that everyone on this forum has so graciously given to me
Edited by Bryan1315
06/18/2006 11:53 pm
Bedrock of the Community
United States
14454 Posts
 Posted 06/18/2006  11:57 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
Thank You Joeyuk for the information
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