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 Replies: 14 / Views: 1,825 |
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Valued Member
Canada
56 Posts |
Just a question I have a friend that is looking at purchasing one of these for $1800 unslabed. It's from a dealer but I keep telling her not to unless certified. Apparently the dealer is telling her it's worth $6000 but letting it go for $1800. Just wondering would you.
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Pillar of the Community
United States
1054 Posts |
Yes, it's not wise to buy such a key of the series unslabbed. For $6000, it must a luster bomb with amazing surfaces and PL. The deep discount sounds generous but scary at the same time.
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Pillar of the Community
Canada
5324 Posts |
that price is for a ms 64 to 65 no one would sell it to you for 1800.00 get it graded by ICCS, its probablly a ms 60 coin
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Valued Member
Canada
286 Posts |
$1800 isn't that bad for 1948. I regularly see them for $1500 AU+ condition. make sure you check the ridges for tarnishing and the "P"'s & "A"'s "R"'s for the white residue of silver cleaner. I see cleaned 1948 so often it makes me sick.
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Pillar of the Community
Canada
933 Posts |
^ yeah john brings up a good and very important point. The coin may look like a high MS due to a cleaning job. The dealer is well aware of this and may be trying to pass off an "ms-64" for a big discount as a favor. I would post pictures if you can, but in general, unless you trust him 100% dont buy it
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Valued Member
 Canada
56 Posts |
Thank you guys that was what I was thinking and well pass on the info. As for the cleaning thing I totally forgot about that. Thanks again
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Pillar of the Community
Canada
1192 Posts |
"the dealer is telling her it's worth $6000 but letting it go for $1800."
Danger, Will Robinson!
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Bedrock of the Community
Australia
21788 Posts |
Unslabbed, it may be a cluster bomb rather than a luster bomb.
Prime target for those fakers from China. Make sure the labelling is OK too, at that price level.
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Bedrock of the Community
Canada
10743 Posts |
Very good info the members have given you Northener0. There seems to be lots of red flags flying, I agree, with Pokermandude, the dealer wanted $6000.00 but now is letting you have it for $1800.00  |
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Pillar of the Community
Canada
1554 Posts |
 NorthenerO, I'd be weary about a dealer selling me a Key date at 35% trends. Remember Grandma's sayin,' "if it seems too good to be true, it probably is!" That especially applies to this Hobby. Glenn  |
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Pillar of the Community
Canada
663 Posts |
Now why would the dealer sell it for $1800 if he said it's worth $6000? I'm pretty sure it isn't worth $6000, but that's not to say $1800 is not a good deal. Perhaps the dealer simply wanted to give the illusion the coin is a great deal.
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Valued Member
Canada
475 Posts |
Just do not get that people still believe in NUMISMATIC SANTA CLAUS. Best word of advice for any collector of RARE coins today ....if it is over $250 cerified or walk,simple way to stay out of trouble!
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Pillar of the Community
Canada
1700 Posts |
Doesn't sound secure enough.
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Valued Member
Canada
56 Posts |
thanks again guys all very good points. Just hope she listens to me.
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CCF Sponsor
Canada
149 Posts |
If you don't know how to grade it yourself, I would definitely not touch it. Can you take pictures of it post them here before you buy it? If it's a nice coin it may be worth it.
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Replies: 14 / Views: 1,825 |
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Posted 02/15/2013 10:13 pm
