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1936-S Texas Commemorative Half Dollar

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tpmjr2004's Avatar
United States
160 Posts
 Posted 02/06/2013  11:16 am Show Profile   Bookmark this topic Add tpmjr2004 to your friends list Get a Link to this Message Number of Subscribers
Hi all,

I am new here to CCF, but not new to collecting or life on a forum. I have just recently really gotten back into collecting and thought that this would be a great way to learn and expand my knowledge while also sharing any knowledge I might have. I look forward to maintaining a strong presence here, now on to my first question.

I recently obtained three Texas Commemorative Half Dollars from a friend at a gold and silver buying place. They just send this stuff off to get melted so I got them basically for the price of silver. I have been contemplating on sending them off for grading, but would like help to determine if it would be worth the expense, as I am in no way an expert coin grader. I have attached two pictures of one of the coins. The condition is fairly consistent among all three, but I think this one is the lowest grade. This one is a 1936-S, while the others are 1936 and another 1936-S. What do y'all think?

1936-S-Texas-Commemorative-Half-Dollar

1936-S-Texas-Commemorative-Half-Dollar
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CoinsKelly's Avatar
United States
3453 Posts
 Posted 02/06/2013  12:38 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply



Quote:
They just send this stuff off to get melted


You stated you got this for melt; you got the deal of the year IMHO. Texas is very collectible and way above melt.

I do not see anything that jumps out at me as fake but I am newer to commemoratives so don't bet the bank on me. If authentic, it looks to be uncirculated to me. Search ebay and teletrade past auctions and you can get an idea of what people are paying for these.

Oh, and POST MORE PICS!

Cheers
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CoinsKelly's Avatar
United States
3453 Posts
 Posted 02/06/2013  12:40 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply
Regarding slabbing, if I were keeping them for myself, I would keep them raw or send to ANACS for authentication if I felt the need. If I were selling them, I would consider PCGS. I make my selling decisions based on looking the price difference between ANACS, NGC and PCGS to figure if the increase in fees are made up in the selling profits.

Cheers!
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basebal21's Avatar
13014 Posts
 Posted 02/06/2013  12:42 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply


For the price you paid youd still be way ahead if you got them graded and they came back basically anything but fake. Theyre about an 80 dollar coin or so in VF and those pictures look nicer than that.
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jbuck's Avatar
United States
187950 Posts
 Posted 02/06/2013  12:50 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Very nice!

The only reason that I would send this in is for authentication. However, I think we have enough experts here to hopefully save you that expense.
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tpmjr2004's Avatar
United States
160 Posts
 Posted 02/06/2013  2:22 pm  Show Profile   Bookmark this reply Add tpmjr2004 to your friends list Get a Link to this Reply
Thanks for the responses!! I have looked up a few things to try to verify their authenticity and have found nothing that jumps out at me. I have thought about getting them graded just for the reassurance of knowing the exact grade which could help to know more closely as to a value. I decided to keep one of each so I have posted this one on ebay, which is why I only have a picture of this one. The auction is at $200+, so I guess there are at least a few people that see this coin as being fairly high grade. This does make me wonder even more what the grade on the others are since I deemed this one to be slightly inferior to the other two. I would have loved to keep all 3 of them, but the cash will help out much more as my wife and I are expecting our first child and even before she didn't like that I try to keep all the coins I get.


Quote:
You stated you got this for melt; you got the deal of the year IMHO. Texas is very collectible and way above melt.


I was very surprised to learn that these would have been melted otherwise. It makes me wonder how many valuable coins just get melted down instead of realizing their true monetary potential. Most of the coins I get from my friend aren't worth much above melt, but I still like to save them even if I never make any money on them.

As far as having them graded, I am still considering it. I have never sent anything off to be graded, so I don't even know the best or cheapest route to follow to get it done.


Quote:
Oh, and POST MORE PICS!


I'll try to get some pics tonight of the other two just to see what everyone thinks of those.
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CoinsKelly's Avatar
United States
3453 Posts
 Posted 02/06/2013  2:29 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply
Here is another option. Feel free to post here for grading input before posting for sale on ebay. The input can help guide you on your starting price. Plus I need the practice!
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12261 Posts
 Posted 02/06/2013  2:46 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
There is nothing I'm seeing in your images that immediately makes me think your coin is a counterfeit â€" but I do wish your images weren't so "bright" as subtle (and potentially critical) details on a coin are lost when they are lighted this way.

Approximately 9,000 each of the 1936 Texas coins (P, D and S) were struck, making them among the more common coins of the multi-year series; they are also similarly priced in the marketplace. Unless graded at the very high end of the MS scale (i.e., MS-67 or above) mint state 1936 Texas coins are easily found and can often be purchased in the range of $125 to $350 (depending on the specific grade and overall eye appeal).

From your images, it would appear that your coin is a mint state example (but I could be missing something due to the glare/lighting). If your coin is, in fact, in mint state condition and grades in the range of MS-60 to MS-64, the cost of getting it graded might not be worth it. By this I mean, if you don't get the coin graded and sell it at the market value for an MS-60 coin (regardless of its potentially higher grade), your net profit will likely be the same as if you sell it as a third-party graded MS-64 coin once you subtract the costs for grading and the postage to send in/receive back the coin from the grading service.

The economics change once the coin is graded MS-65 or higher. From your images, however, I can't say whether your coin would grade at least MS-65. Maybe others here on CCF can, or maybe a local coin dealer could help.

Just my thoughts...


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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tpmjr2004's Avatar
United States
160 Posts
 Posted 02/06/2013  2:52 pm  Show Profile   Bookmark this reply Add tpmjr2004 to your friends list Get a Link to this Reply
I've been looking at different threads on how to take better pictures. My wife has a good DSLR that she used for this picture, we just have to figure out the lighting better. I'll post more pics tonight or tomorrow if I get a chance to play around with the camera and lighting tonight.

I did notice that the price doesn't seem to change much from MS-60 to MS-64. So it would only be worth it to have them graded if I think they would grade MS-65+. Does anyone know of any good PCGS certified dealers in the San Antonio area? I would at least like to show them the coins and talk with them about getting them graded.
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basebal21's Avatar
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 Posted 02/07/2013  02:31 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
You can search for PCGS dealers on their website here. I cant vouch for how good any of them are though not being from there

http://www.pcgs.com/dealers/
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