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 Replies: 18 / Views: 2,559 |
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Valued Member
United States
153 Posts |
Hello everyone! As many of you know, I am in the process of assembling a 7070 type set, in part inspired by Bryan's success and also by my own failure of not completing it for years. I have been purchasing all of the coins on ebay, mostly raw, trying for AU/BU coins in the easier slots, and otherwise at least VF. So far I have invested 6 grand and many hours of time; hopefully it will not be a waste. After tonights purchases I still will have 6 holes to fill (2 Liberty Seated half dimes, a Shield nickel, a 20 cent piece, and 2 Liberty Seated half dollars.) Then, I intend to upgrade about a dozen filler coins to keep the set good looking and honest. The cost of the set kind of takes away some of the fun, but I am addicted to the beauty and the challenge and hope that it will sell for more than I paid for it as a complete set. Given my aggressive buying strategy, let's hope I will have some bread on the dinner table tomorrow. This weekend I purchased 9 coins, 7 of which were upgrades from hideous AG/G coins. Altogether the coins cost in excess of around $1100. Here are some of the highlights, please tell me what you think of the coins! Thank you!         Edited by coins4fun
11/05/2012 2:48 pm
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Pillar of the Community
United States
3184 Posts |
If it was me, I would have bought them all slabbed
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Bedrock of the Community
13014 Posts |
Just be sure to be careful with ebay and desirable higher end old coins especially. I agree with mkman that I would have bought them slabbed and cracked it. Im not saying any of youre are fake, but ebay is the hot bed for that. Its one thing to buy one with obvious circulated wear but when you get to the uncirculated or very little use grades theres a lot of raw fakes on ebay. I do really like the 1865 copper you picked  |
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Valued Member
 United States
153 Posts |
Thanks for giving me your Two Cents :) I suppose that I always run a risk buying these expensive raw coins on ebay that I will get a problem "details" coin or worse, a counterfeit! I am not an expert on grading coins, although I would like to become educated in this area and my next purchase may be a jeweler's loupe. Do you see any flaws with these coins offhand? The main concern for me is the mounting cost of completing the set. I have been buying coins pretty compulsively the last month, and Sunday night is when the best coins seem to appear. I have found one seller that I really like on ebay, and I will continue to buy silver coins from him (the Capped Bust quarter an half and Seated half dollar pictured were from him.) I also go by a seller's feedback rating.. |
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Pillar of the Community
Canada
3167 Posts |
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Pillar of the Community
United States
4897 Posts |
Particularly like the Two Cent and IHC. Can we see reverses? |
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Pillar of the Community
United States
8517 Posts |
Really nice coins !
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Bedrock of the Community
United States
11951 Posts |
The sixth coin, can you post more about it. Not sure ..but looks a little funny. What is the date and denomination? I really like the Indian cent and the proof seated coin |
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Pillar of the Community
United States
6391 Posts |
Quite a shopping spree1 The 2-cent, IHC, 3-cent silver, and Liberty nickel all look like solid coins without problems. The 1836 (quarter?) looks odd and I would suspect it's been "messed with" somehow. The large cent has EF detail but appears lightly porous from corrosion (i.e., environmental damage). The 1837 (half?) is a bit scritchy and may have been cleaned but doesn't look bad. The 1854 Arrows (dime?) I presume isn't a proof since it would then exceed that $1100 all by itself. It has MS details and very few marks. I don't see any obvious problems although the pale area by Liberty's face may be hairlined. How is the luster? Is it full and undisturbed in all areas? If the coin is original and problem-free you may have made an excellent score with this one. Yes, let's see some reverse photos! |
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Valued Member
United States
153 Posts |
Did someone say the 1854 quarter might be a proof coin (one of 10-15 known)? It occured to me that it's possible, although it was advertised as just a high end AU with golden-brown toning. Still, it was the most expensive coin of the lot. I am not sure how to definitively distinguish between a proof and a business strike. Here's the reverse:  Many noted that the 1836 Quarter looks odd. I am not sure if it is a weak strike, actual wear, or some kind of problem. It was advertised as a VF with contact marks. These coins are difficult to find completely problem free.  The Indian Head cent also set me back about $250. It was advertised as an AU but I don't see why it isn't an MS coin.  The Matron Head Cent was advertised as an XF. The white spots are supposed to be contained to the holder. There was no mention of environmental damage.  I will be able to return any of these coins within 14 days, assuming that I don't take them out of their plastic wraps and put them in my 7070. Thank you for your input/knowledge. |
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Bedrock of the Community
13014 Posts |
I have found one seller that I really like on ebay, and I will continue to buy silver coins from him (the Capped Bust quarter an half and Seated half dollar pictured were from him.) I also go by a seller's feedback rating.. Finding a good dealer and dealing with them consistently is a good way to reduce the risk. I do the same thing and certainly have my favorites depending on what it is. Dont look to much into the feedback rating as returns dont get counted against that and its pretty easy to make sure its good. If its low especially with a lot of sales stay away but high doesn't mean everything will be legit just because of the rating |
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Pillar of the Community
United States
3184 Posts |
Feedback doesn't mean much......GSC on ebay has like 30k feedback but most collector won't buy from them. |
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Valued Member
United States
153 Posts |
I agree mkman, there was a guy with 100% feedback over 300 transactions recently nailed on this site as selling cracked out problem coins for huge profits. I have found one seller that I really trust, and have bought a lot of coins from. It's also unfair to say every raw coin on ebay is suspect and that you are always better off buying PCGS coins.. I am still wondering if the 1854 quarter might be a proof strike - 1 of ~15 known or if that is a pipe dream. |
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Bedrock of the Community
13014 Posts |
Quote:
1854 quarter might be a proof strike - 1 of ~15 known or if that is a pipe dream.
Its possible, but I HIGHLY doubt it. If it was someone would have spotted it and bidding would and have taken off. You could send it in to find out, but id be suspicious of that coin personally because it does look like it could be an extremely rare coin |
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Bedrock of the Community
United States
11951 Posts |
Quote:
Did someone say the 1854 quarter might be a proof coin (one of 10-15 known)? That was me .. but I am no expert of Seated coins, so I guess I should have not called it a proof. I have seen a few proof Seated coins, I guess first glance I thought it might be one. Also I was not even sure what denomination a few of the coins were. I do like the eye appeal of a few of those coins. |
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Bedrock of the Community
United States
14454 Posts |
I love the 1818 Large Cent. That 1836 quarter does look really strange to me. I have only ever owned 1 of them and that is the one I bought for the 7070 album so I am probably not the best one to comment on it but something does look odd to me. There really isn't any coin in that lot that I do not like (especially if an expert says the Capped Bust quarter is alright) and I think they will all look nice in anyone's 7070 album |
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Replies: 18 / Views: 2,559 |
Posted 11/05/2012 02:40 am
