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 Replies: 12 / Views: 1,623 |
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Locked
822 Posts |
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Valued Member
United States
58 Posts |
My only thought is that's a TON of money to spend on a single coin!
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Bedrock of the Community
United States
10045 Posts |
Hmm...is there something wonky about the lettering on LIBERTY, or are my eyes playing tricks?  Update: I thought the "R" in LIBERTY looked odd, but it appears to match the S-3. Still...I would only buy this coin slabbed or from an early copper expert.  The ebay coin is also consistent with the S-3's fraction on the reverse:  Edited by DVCollector
10/21/2011 4:29 pm
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Pillar of the Community
United States
1490 Posts |
The seller lends some credibility that its legit but unless I knew the coins diagnostics well I would not bid on it. If I had that kind of money to spend on a cent like that I would deal with someone or a company that specializes in that coin.
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Rest in Peace
United States
4078 Posts |
Bidding is not done yet. Still in the low ball. I'm sure you checked the Red Book. Wish I had one in that range. Good luck Bidding. |
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Moderator
 United States
16679 Posts |
Don't buy this coin raw.
swcoin.ecrater.com
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Pillar of the Community
United States
1388 Posts |
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Pillar of the Community
United States
3546 Posts |
What feature(s) would make this coin worth $ 16,300, the winning bid on ebay? |
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Rest in Peace
United States
5375 Posts |
I thought immediately that this was an electrotype...I am probably wrong, but I would never touch anything like that raw unless I really knew what I was doing. Pouring over thousands of 1800s silver coins has made me feel safe bidding on expensive silver since I will authenticate after the fact and send it back if its fake (and I can spot the majority of fakes, pointed them out to unaware sellers many times) but not copper and certainly not in the $10000 range. Actually, I wouldn't touch anything like this period, because I don't have much faith in TPGs anyway, fake slabs circulating, etc.
Edited by coinguybrian
10/25/2011 03:32 am
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Bedrock of the Community
United States
12437 Posts |
Quote:
What feature(s) would make this coin worth $ 16,300 A Chain Cent with a strong date is a very valuable coin. Even a slick FR2/PO1 example with only the chain visible is a multi-thousand dollar coin. |
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Pillar of the Community
United States
870 Posts |
I was watching this one carefully and I never doubted its authenticity. I looked at it closely and it looks every bit legit to me. I'd buy it raw all day long (had I stashed away that many shekels) - not sure if I'd buy it from this seller. Not a bad seller, but a coin like this I'd prefer to get from one of the big copper dealers as they usually guarantee authenticity for life, et cetera - and they have a lot more to lose if something goes wrong.
Anyway, this is a chain in the VF range - REALLY nice surfaces for a chain (could net VF to the right person) and that's a GREAT buy. It's easily worth twice that much to the serious copper collector.
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Pillar of the Community
United States
1817 Posts |
Something like this kind of money is chancy on e-Bay particularly from a seller that isn't known for dealing in early American Coppers. Getting it authenticated by an expert and not necessarily from a major TPG is a good idea. |
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Pillar of the Community
United States
1007 Posts |
I wonder if the purchaser will come through with the money? I'd be very leery of spending a lot of money for a coin on ebay, especially that much. |
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Replies: 12 / Views: 1,623 |
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Posted 10/21/2011 3:35 pm
with Vermont... If you play with fire like that, you're bound to get burnt... That said, if you have money like that, why wouldn't you buy a graded example?
