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 Replies: 14 / Views: 1,855 |
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New Member
United States
12 Posts |
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Moderator
 United States
23522 Posts |
Welcome to Coin Community, bdbill. I don't believe you're needing to regret this purchase. The scratches on the obverse are not, to me, indicative of a deliberate cleaning. There's too few of them, and nothing remains in the nooks and crannies to betray the cleaning. Furthermore, I think you're going to find those scratches to be far less apparent to the eye; digital photography tend to highlight such things to the unfair detriment of the coin. And that's not even the good news. I don't believe this coin has seen circulation. The very first place one studies to see wear on these is the tips of the wings, and I see no wear there. The next place is the frontmost part of the hair, where I see a certain flatness of strike, but again no wear. This was the first year of issue for this coin. Like most first years, one can expect a disproportionate number of them to have been saved in Mint State. I think this is one of them. Even if you were to have it professionally graded and receive a Details grade because of the scratches - third-party graders (TPG's) will slab cleaned and damaged coins with what's called a "details" grade - you're still looking at a hefty profit. Like I said, welcome to Coin Community.  |
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Pillar of the Community
United States
3486 Posts |
Hello, bdbill, and welcome to our little family. First of all, get rid of the notion that you messed up badly. Perhaps you could have made a better choice, but that is only one of MANY things that you will learn by reading the many contributions of our members and by asking questions. Are you familiar with the term "Greysheet?" It is widely used by dealers to judge the market. The August 10, 2012 issue lists the 1892 quarter in AU as: bid: $95 ask: $105. By way of comparison, a BU is listed as bid $155 ask: $170. Assuming a 20 per cent markup, the retail price of the AU would be $126. Now we come to negotiations. The scratch, as you call it, might make a dealer come down in price. I personally would call it an abrasion. It is NOT on the face, and that makes it less a screw up than if it were. I can see five abrasions on the neck, but they are really not distracting. I would suggest that you follow other ebay listings. (I had one in mind, but could not successfully copy the link.) Your seller appears to offer a 30 day guarantee. If possible, please submit a photo or a scan once you have received the coin. Two questions: Were there any other bidders? Where are you located? No doubt the members can advise you of upcoming coin shows in your area. Always a great opportunity to learn. Do not feel badly! Feel happy to be here!! And NO! You did NOT screw up badly. |
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Pillar of the Community
United States
3486 Posts |
Oh Ddave, I also do not believe it was cleaned.
I can envision, at a bank, this coin sliding across an oak counter.
Picking up a few abrasions along the way.
The recipient, noticing that it was "different," kept it.
And kept it WELL!
The reverse is wonderful.
The price was not out of line.
Do you feel better now, bdbill?
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New Member
 United States
12 Posts |
I feel much better! I do feel lucky though, I should have done more research before shelling out the $. Thank you all for your time, and sharing your knowledge!
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New Member
United States
12 Posts |
"Two questions:
Were there any other bidders?
Where are you located?""
No other bidders, it was a "Buy it now" for $125 or make an offer, which I offered the $100. I live close to Madison, WI.
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Pillar of the Community
United States
3486 Posts |
Stick with us, bill, (may I call you bill?)
The amount of sharing to be found here is, at times, quite unbelievable.
I feel as lucky as you to have found this group.
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Pillar of the Community
United States
3486 Posts |
COME ON MEMBERS!
Tell bdbill what shows are coming up near Madison, WI.
Buy it now? You did VERY well with an offer of $100.
As the Aussies say, "No worries, mate!"
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Pillar of the Community
United States
1432 Posts |
 bdbill. Great looking quarter and I think it was a good buy. |
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Rest in Peace
United States
10625 Posts |
bdbill. I see no reason you should regret this purchase. The real test will be when you get it in hand. If you like it at first glimpse, you likely always will. If the scratch turns you off at first it always will. Don't wait for the coin to grow on you. Throw it back and find another. |
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Pillar of the Community
United States
8516 Posts |
Oolala, nice quarter !
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
Canada
4944 Posts |
ndbill to CoinCommunity. Like others have already mentioned, I don't think you need to regret this purchase at all, looks like a nice coin, for a good price. |
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Pillar of the Community
United States
3486 Posts |
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Pillar of the Community
United States
4337 Posts |
the image is a scan. based on my experience with scans in this exact parallel you will wind up with a very lustrous coin in what should be BU with the only compromise being the abrasion across the obverse. For $100 you did very well and you'll truly realize that when its in hand. this one should shimmy under the light like a tin can on a Caribbean beach  if your going to type collect and fill a 7070 this is a prime example to have IMO. If your in it for profit and resale, your probably at a breakeven. Stray from the latter unless you plan on becoming a dealer of sorts and if so, study and scour the WWW for optimal deals. Just collect, enjoy, learn and make sure you take advantage of the best people on the planet that are here to help you gain that education and that's the fine folks here at the CCF |
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New Member
United States
12 Posts |
Here is the link on ebay that I want you to follow. http://www.ebay.com/itm/1892-Barber...290765867362Some bidding action. Closes on Monday, the 3rd. Stands at $78 last time I looked, but I expect it to fetch a good deal more.>>> Well, it ended at $280, really nice toning. I'm happy with the one I bought, I was worried it was cleaned, but it seems like most agree it wasn't. Thanks again everyone! |
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Replies: 14 / Views: 1,855 |
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Posted 09/01/2012 12:38 pm
