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 Replies: 19 / Views: 5,428 |
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Pillar of the Community
United States
2365 Posts |
Let me put this another way. In my Mom's lifetime of collecting Wheaties she only came across one 09S VDB. She kept it in her collection until one day she had a private showing to a private collection and it came up "missing" afterward. No way to prove anything!
For those that work a register...when you open a penny roll, glance through them and put the dark colored, copper ones aside and grab them up before your shift is over - buy them ofcourse! In just the last few weeks I've probably found over 2 dozen copper (pre-1982) pennies alone!
The few that I've seen (dealers/shows) are top dollar. The last one was in Fine or Extra Fine (can't remember which) and it was $4500.00 (a couple of weeks ago).
So yes, grab one up if you have the opportunity, can afford one and the price and grade are reasonable to one another!
Remember folks...there are 2 in circulation right now that were intentionally placed into circulation a few weeks ago...check what's in your pocket change closely!
Edited by dsking
08/07/2006 09:50 am
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Pillar of the Community
United States
986 Posts |
Man I'd like to be the cashier at the place where Scott Travers put those coins into circulation. That'd be pretty cool. As for the 1909-S VDB, if you have the cash, go for it, since it'll just keep on getting more expensive.
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Valued Member
United States
363 Posts |
I would agree with what everyone has said. The really key dates will always be in demand and go up in value. As has already been mentioned, as long as you pay the right price for the grade you will get a good value. Some kind of authentication would be advisable though.
I had a 16 D Merc a few yrs. ago, which was only in AG-G condition. I sold it for just a few dollars more than I paid, but if I had waited til now, I would have more than doubled my money. This particular coin was authenticated by the old ANACS and was accompanied by a certificate with a photo.
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Pillar of the Community
 United States
577 Posts |
Thanks a lot everyone. If I do decide to buy it in a lower grade, I should definately have it slabbed right?
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Valued Member
United States
382 Posts |
I would never buy a 16-D Merc or 1909S-VDB unless it was authenticated by any of the top TPG's. Never! If you have the real deal, I would slab it because if you ever need to sell it, you will cover your slabbing costs plus $$$$ over and above. Think about it...would you buy a 16-D or S-VDB raw on ebay unless you had the seller's first born? I wouldn't! |
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Pillar of the Community
United States
7123 Posts |
Hi Madhandles
This coin should not be bought raw off the internet,, If your going to buy online then buy an already authenticated coin,,
If you want the coin Raw, buy it from a trusted dealer and then have the dealer guarantee authenticity with a return if the coin comes back as altered.
There are way to many altered 09-S VDB's to be any less careful.
Rick
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Valued Member
United States
363 Posts |
That's right Madhandles. I agree 100% with Metalman. I don't think I made it clear that the 16 D that I bought had ALREADY been authenticated. I don't have enough expertise to know absolutely for sure if one is fake.
Edited by adobero1
08/07/2006 3:28 pm
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Pillar of the Community
United States
772 Posts |
As long as you know what to look for, I have no problem buying a key raw. I have bought one S VDB and two 16-D's, all raw. Study the coin, know what to look for. I have been collection for less than a year and I am already getting some people calling me wanting me to authenticate a coin for them. So far the coin is 5 goods (2 S VDB's and 2 16-D's to 2 bads (1 S VDB and 1 16-D) At a local trusted dealer, they had a 1955 DDO Lincoln that was bad. Whether they knew about it or if they were also fooled, it's hard to tell. I did not say anything because I figured it would end in an argument. So even with buying it from a trusted dealer with a guarentee, it does not mean it is good. It is kind of a win/no lose situation for them. If they sell a fake, you stick it in your album and don't worry about it again, they win. If it is a fake, you return it, "Oh we're very sorry, we didn't know, here's your money back", they didn't lose, and they don't look like a bad guy. So buyer beware no matter where its from, online of in person. Just know what you are buying. Hope this helps in your decision making. Also, I have been working on this when I can. I am trying to get a website for Counterfeit Detection. http://oicoins.com/index_files/Page813.htmJordan |
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Pillar of the Community
United States
577 Posts |
Very nice, I think that I will be buying in person from a dealer... but I will check the my S VDB wanted section first.
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Rest in Peace
United States
2684 Posts |
As Metalman (Rick), zakgold, adobero, and Jordan stated, unless you're an expert in forgery or alteration detection of 1909-S VDBs or you absolutely trust the dealer/seller, don't buy a raw 1909-S VDB. Buy only slabbed - PCGS, ANACS, or NGC only. I've also been casually shopping around for a low grade 1909-S VDB, do not consider myself an expert, and for the asking prices of the raw cents on ebay would never consider buying a raw 09S-VDB. I suspect that many, if not most of the raw 09S-VDBs are not authentic. Seems to me the smart owner of a genuine 09S-VDB would have it slabbed for potential future resale. Why try to sell a thousand dollar coin without having it authenticated? |
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Valued Member
United States
382 Posts |
quote:
Originally posted by Morgan Fred
Why try to sell a thousand dollar coin without having it authenticated?
That's the exact question most leading numismatics will ask if they run across a raw key date like the 16-D Merc or the 1909-S VDB cent. Why? Something isn't right and these guys will look at one of these coins VERY carefully first to make sure it is the real deal before they will offer a grade opinion. Matter of fact, they will judge it to be a fake first. It is like going into a court of law with guilty over your head, then you have to prove yourself innocent...not the other way around! Why? Because as stated, there are just too many FAKE coins being sold to unsuspecting collectors. Even Q. David Bowers wrote in one of his books that he was at a recent coin show and found that over half of the raw 16-D Mercs being sold on the floor were fakes with an added "D" mint mark! So imagine the amount of garbage being sold "sight-unseen" which ebay is ALL ABOUT! Edited by zakgold
08/08/2006 08:07 am
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Pillar of the Community
United States
577 Posts |
I plan to buy it from my dealer, and immediately send it to ANACS. If it turns up as a fake, I will return the coin and get my full money back.
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Pillar of the Community
United States
986 Posts |
I'd recommend that you pay for the slabbing costs, but the dealer sends in the coin. That way, he won't think that you've switched coins on him if it comes back a fake.
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Pillar of the Community
Canada
1152 Posts |
yup I would also never buy one unless it was authenticated by a TPG. |
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Pillar of the Community
United States
756 Posts |
quote:
Originally posted by Morgan Fred
. Why try to sell a thousand dollar coin without having it authenticated?
That about sums it up, I do beleive.  |
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Replies: 19 / Views: 5,428 |
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Posted 08/07/2006 09:48 am
