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 Replies: 22 / Views: 2,235 |
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Pillar of the Community
United States
1283 Posts |
And I'm praying I did well. This is the most expensive coin I'm about to own. $999.00 + $15 shipping. It's an ANACS AU-53 1937-D 3 LEG Buffalo nickel. Here's the kicker. It's labeled "OBV LAMINATION", which to me doesn't mean anything. The seller referred to it as "war paint" error, presenting it as a selling point. Personally I have no idea if that's good, bad or indifferent. My thinking was 1: ANACS did not label the grade "details", 2: $1000 for even a problem AU53 3-Leg probably isn't bad, and 3: The seller has 99.9% feedback, so he's probably not increadibly crooked. Anyway, incase the link doesn't work here's a copy and paste and some pictures. I'm calling him tommorrow to arrange my payment. http://cgi.ebay.com/ws/eBayISAPI.dl...110127256741A 1937-D 3 Legged Buffalo nickel with an Obverse Lamination Mint Error which we refer to as the "WAR PAINT" Error as the lamination mark is along the Indian's cheek bone resembling paint. This Error Coin has been certified and graded by ANACS (in their new slab holder) as grading in Almost Uncirculated AU53 Condition; also the Lamination Error is written on label. Please view the accompanying photos, buyer please add $15 for UPS insured mail shipping charges; thank you.    Edited by USArmyParatrooper
05/16/2007 06:53 am
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Valued Member
United States
74 Posts |
Very nice coin but I cant say anything else for I have no idea..
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Pillar of the Community
Canada
1267 Posts |
A quick scan of Heritages auction archives show anacs au53's going from $850 to aound $1050 without the lamination error, so you are in the ballpark. quote:
Here's the kicker. It's labeled "OBV LAMINATION", which to me doesn't mean anything. The seller referred to it as "war paint" error, presenting it as a selling point. Personally I have no idea if that's good, bad or indifferent.
There is a recipe for disaster.  Might I suggest spending some time researching the area you are interested so you at least know what you are buying? Edited by hadleydog
05/16/2007 07:28 am
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Pillar of the Community
 United States
1283 Posts |
Logical deduction, hadleydog :)
Also, my search of the most recent auctions show ANACS AU 3-Legs going for $1200+, unless it's AU "details".
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Valued Member
United States
287 Posts |
Very sweet 3 legger. The best 3 leg I've ever owned was a VF. I have also owned a 36 D 3 1.2 leg in F12.
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Bedrock of the Community
United States
14454 Posts |
well, it aint a problem coin because ANACS doesn't put problem coins in their new holders, they put them in their older small holders and give it a net grade so your coin in problem free
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Pillar of the Community
 United States
2703 Posts |
A "lamination" is a planchet defect caused by imperfections in the metal. Often a thin layer of the metal separates itself from the coin. It is not an error or die variety. Laminations are natural irregularities specific to a single coin. A purist may not like it. However this one adds some character. Good score!
Edited by t360
05/16/2007 09:03 am
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Moderator
United States
23522 Posts |
quote:
A "lamination" is a planchet defect caused by imperfections in the metal. Often a thin layer of the metal separates itself from the coin. It is not an error or die variety. Laminations are natural irregularities specific to a single coin. A purist may not like it. However this one adds some character. Good score!
Count me on the list of those who would purchase this coin, over a non-laminated one at the same price and grade. Expensive purchase, but a solid one. This is a key, and you can never go wrong buying keys. |
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Rest in Peace
United States
2684 Posts |
I can't add much to what has already been said except to reinforce the fact you made a solid purchase irrespective of the "war paint". My congratulations! Are you planning to hang onto it or resell it? If the latter, then I might suggest waiting a few years for it to appreciate. They ain't making any more of these and its value can't help but go up.
Fred
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Pillar of the Community
United States
1283 Posts |
Thank you guys! I called the lady gave her the card information. She was extremely nice on the phone and said she was shipping it out today.
Question on the Lamination... is it common for it to streak perfectly accross the cheek, just like "war paint"? That is really cool!
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Pillar of the Community
United States
2703 Posts |
Definitely not common. Here is an analogy.
Suppose you were making chocolate chip cookies. However just as you are about to add the chips to the batter, you find out your kids ate all but three of the chocolate chips. So you add them anyway. Think of the chips as laminations in the final batch of cookies. A maximum of three cookies in the batch will have chips in them. The odds of the chocolate chips ending up in roughly the same place on any two of the three cookies is very small. More likely is that each of the cookies with chips in them will have them in different places on the cookie, and thus be unique. So you may find other 3-legged buffaloes with a lamination, but the odds of it being in the same place on the coin and looking like war paint is very small.
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Moderator
United States
23731 Posts |
Congrats, beautiful coin.
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Bedrock of the Community
United States
20753 Posts |
Really nice coin and not exactly something you'ld find to often. One nice thing about that coin is it's popularity. That is the one thing about it that makes it's value do nothing but go up constantly. You'll never be sorry about that coin.
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Rest in Peace
United States
3730 Posts |
Nice coin.
I don't own any one coin that expensive.
Very attractive. Wish I had one.
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Valued Member
United States
393 Posts |
Nice coin. I'm with those that wouldn't mind owning it because of the "problem". If two were laying side by side and I could pick I'd rather have the lamination error. I'll bet one day you'll tell someone about this coin; "would you believe I only gave $999 for this?"
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Pillar of the Community
United States
1283 Posts |
Morgan Fred, quote:
Are you planning to hang onto it or resell it?
Definately hang on to it. That doesn't mean I vow never to sell it though. If in a few (or serveral or more) years it takes a sharp spike in value, and I happen to need the money for pragmatic reasons then I might sell it. I checked the UPS tracking number. It won't be here until Tuesday :o(:::: |
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Replies: 22 / Views: 2,235 |
Posted 05/16/2007 07:27 am
