| Author |
 Replies: 27 / Views: 10,401 |
|
|
|
Pillar of the Community
 United States
1304 Posts |
Quote:
Quote:
The more I look at the Walker it sure does look pretty good for a G-6. Maybe it is closer to a VG-8 thus the higher price?
G6?
I understand the price now. I hope you didn't bust a gut laughing SsuperDave, it's the best grade I can afford.  |
|
Pillar of the Community
United States
1304 Posts |
Quote:A higher than average price could mean the coin just misses the next grade which has a huge jump in value. To cite one example, check the 1891 Morgan dollar in MS-64 and -65. Maybe that is what is happening here, when I compare it to other G-6 Walkers it does seem to be better than normal. |
|
Moderator
 United States
23522 Posts |
Quote:
Maybe that is what is happening here, when I compare it to other G-6 Walkers it does seem to be better than normal That coin makes a reasonable case for VG10. It isn't, but it's 8 all day IMO. And I say that, aware of the price jumps involved with such small differences with this issue. I don't know if I'd have cracked that one for resub the moment I had it, or sent it to CAC for a gold bean.  |
|
Pillar of the Community
United States
1304 Posts |
Quote:
That coin makes a reasonable case for VG10. It isn't, but it's 8 all day IMO. And I say that, aware of the price jumps involved with such small differences with this issue. I don't know if I'd have cracked that one for resub the moment I had it, or sent it to CAC for a gold bean. Thanks SsuperDdave, I have heard of resubmitting slabbed coins but I know nothing about sending one to CAC. Which would you recommend in this case if I decide to do one or the other? |
|
Pillar of the Community
United States
1704 Posts |
One of the major drawbacks to slabs is there is no accounting for the coin which is just short of technically making a grade so the graders must assign the next lower grade. The coin is actually superior to the assigned grade and it should command a premium over the assigned grade on the label. If it has excellent eye appeal then you will definitely see a higher price than what auction results and price guides have for the grade on the label. These are the coins which most likely will have the CAC bean on them. One must be careful to not just look at a coins grade and price and assume the dealer prices his coins higher than elsewhere without looking closely at the coin itself and let the merits of the coin dictate the price it deserves. Not too long ago I purchased a 1945 Mercury dime which has center bands barely touching in a few very tiny spots and had they not the coin would easily be worth multiple thousands of dollars. I paid $100.00, which is more than five times the price guides value (MS-64), for this dime and feel I got a real bargain.    Ed ANA LM-3175 |
|
Pillar of the Community
United States
1304 Posts |
Quote:
One must be careful to not just look at a coins grade and price and assume the dealer prices his coins higher than elsewhere without looking closely at the coin itself and let the merits of the coin dictate the price it deserves.
That is a lesson that I just learned on this coin, Thanks Gyrene7483. |
|
Pillar of the Community
United States
3486 Posts |
Many laughs, CoinKelly!
For you see, one of the two coins which I bought from DLRC turned out to be one of the varieties
mentioned by "Uncle" David himself. I wrote an article for the Barber Coin Journal, with pictures, documenting
this event as Lawrence senior never provided a picture.
A tribute to Dave, and a pat on my own back!
|
|
Valued Member
United States
373 Posts |
I have purchased several coins from DLC, and have never been disappointed. Their appearance rating (1-5 stars) is helpful, but they never grade anything below 3 stars. I find their 3 star coins are quite unattractive, 4 stars are "normal" and represent a wide range from OK to really nice, and 5 star coins are uniformly very attractive. I have never felt I've gotten a bargain or ripped off there. One time I *thought* I had a bargain, buying an AU55 no-stars LS Half Dime, for which I paid XF45 money. Cracked it for my 7070, enjoyed it there until I decided to collect slabbed type coins, resubmitted it to NGC, and guess what? Came back XF45! Unsurprisingly, I did not outwit the experts at DLC. |
|
Bedrock of the Community
13014 Posts |
Quote:
Cracked it for my 7070, enjoyed it there until I decided to collect slabbed type coins, resubmitted it to NGC, and guess what? Came back XF45!
Its pretty common for coins in albums not to reslab as good as they first did after sitting in the album for a few years |
|
Valued Member
United States
373 Posts |
That is very true, basebal21. However, when the coin came back graded 3 grades lower (!), I carefully looked at the grading standards for Seated Liberty half dimes. I totally had to agree with the grade, and not because of album slide marks or anything. The coin just has too much wear, too many contact marks, and not enough luster for an AU. It's a solid, textbook XF45, as DLC obviously realized when they set the price. I should stress that I am not at all unhappy with my purchase. I paid a fair price for a very attractive, original coin that looks great in my type set. Edited by ProfLiz
05/09/2013 10:38 am
|
|
Pillar of the Community
United States
7840 Posts |
Quote:
The final bid was $300.00 and the reserve was $310.00. Here is the coin listing.... Is that reserve taking into consideration the eBay/Paypal fees? Make 'em an offer, they will usually take it or counter it. The worse thing they can say is no or it has already been sold (been there, done that...too many times!) DLRC usually has some nice stuff, but I don't beilve that I ever purchased from them; too late on an offer or just out of my reach. Edited by oih82w8
05/09/2013 11:18 am
|
|
Pillar of the Community
United States
1304 Posts |
I bought the coin for $310.00. After receiving it I am very pleased that I went ahead and bought it, and also very happy with the service I received from DLRC. After reading the post here I learned that just because a coin is graded G6, there can be good and bad examples of a G6 coin. I posted pics of the Walker in the US Classic Coin Grading section of this forum. After looking at the PCGS grading photos I believe it is very close to a VG8, some folks here think it already is. Thanks to all for your posts. |
| |
Replies: 27 / Views: 10,401 |
First Page
Posted 04/30/2013 06:53 am
