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 Replies: 29 / Views: 3,414 |
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New Member
 United States
14 Posts |
I agree RES, I knocked him down to 300 and I'm going to check it out today around lunch time..
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New Member
United States
14 Posts |
Got the coins for 300 this afternoon, the guy I bought them from was very nice and knowledgeable, he sold me his "doubles" from his collection. The coins other than the gold piece were in better condition than I thought from the pictures but certainly nothing higher than the lowest g rating probably. The gold coin is actually really nice and has great shine to it still. Some of the other coins appear to maybe have been dug up through metal detecting but I'm not sure. I will have to take better pics and show you guys later.
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Pillar of the Community
United States
814 Posts |
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Pillar of the Community
United States
4897 Posts |
Pics of the NJ copper...pretty please.
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Valued Member
United States
82 Posts |
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Valued Member
United States
252 Posts |
Congrats. Like I said I would have done the same just for the wide variety.
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New Member
United States
14 Posts |
Okay so I'm at home, I take the gold coin out and weigh it, perfect weight, I look at it fully and notice a small hump, almost like a bend in the side of the coin (near the edge). Today I take the gold dollar into my local and trusted coin shop to verify its real and he sadly verified the gold coin as being a pretty good fake, DANGIT!! To offset my losses of this almost good deal, I had to sell the whole lot, got 80 (melt value) for the gold coin and 135 for the rest of the coins. The Jersey copper was worth the most got 50 for it. So a total of 215 dollars, so I'm still out 85 dollars but I learned a big lesson, buy what you know. The indicators of the fake are very minute, we had to take a 20x lupe to see them, but it had atleast two red flags right away, used his gold coin error book to verify, he even let me look to see for myself... Sorry to say that I got burned this time but I'm glad I was able to learn something. When it comes to a gold coin and it being such a low mintage your bound to find some fakes floating around, just glad the coin was actually gold lol. OH and the New Jersey copper was actually the 1787 version (which is more rare), I think this was my coin guys favorite. Very cool, so I took a loss but it happens..all and all I am interested in finding more of those post colonial coppers, they are truly neat.
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Pillar of the Community
United States
4897 Posts |
Quote:
A friend of mine wants to sell me the following coins Why would you not have gone back to the seller with this info.? Any descent human being would have understood and returned your money? At least the $$$ on the gold piece. |
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Valued Member
United States
442 Posts |
 with amida you should have taken it back to your friend. |
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New Member
United States
14 Posts |
Well he wasn't technically my friend, just someone on craigslist, my bad for saying it was my friend, woops.. but yeah I dont know he lives an hour away and I figured I will just let the universe balance this one out as I don't know if he knew it was a fake or not. Either way lessons learned!
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Pillar of the Community
United States
4897 Posts |
Live and learn I probably would have sought a second opinion though.
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Valued Member
United States
252 Posts |
I agree with the second opinion. Even if he was a very trusted guy. Out of curiousity, why did you have to sell everything else right away? I understand that you took a bit of a loss on it, but I would have held onto everything else. Def would have held onto the NJ, you just don't see enough of those. Sorry, that you ended up with a fake mixed in. Like you said though, live and learn. Even losing less than a $100 is an easier lesson than learning $500+. I know that I've seen a lot of guys get fake coins, some even held onto them for years before finding out that they are fakes.
I prefer the head in the sand approach. I have bought a lot of coins lately and don't have access to an LCS. Granted I'm stuck with only paying $20 or less per coin due to the inability to find US over here so even if I did end up with a fake it wouldn't kill me. I'd probably just mark it as such and hang onto it anyway. Sorry again though.
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Pillar of the Community
United States
1536 Posts |
Has anyone did the math about what this would be worth about if sold individually? Theses coins to me don't look like coins that people buy for their collections. They look like coins someone would be to flip individually and maybe keep a few for themselves. You could easily sell these coins on ebay individually on ebay but you would need to get them at the right price. I know those common Seated coins usually go for 2 to 2 1/2 times melt maybe. the lower grade shields can go for about $10. The Barbers a tiny bit above melt. The Indian heads at a buck a piece together. A few bucks for the Liberty without cents maybe. A buck for the 1899 V nickel. $6 bucks for the 2 cent piece. Anyone know about the Jersey copper and $1 gold coin? I would buy the gold at melt. Add that together, I would be comfortable buying that lot at 50% that tops. Edited by buddy16cat
02/15/2013 04:00 am
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Pillar of the Community
United States
2311 Posts |
I would have taken it back and told the guy he sold me a fake.
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Replies: 29 / Views: 3,414 |
First Page
Posted 01/18/2013 2:25 pm
