Yikes! Just Did Major Purchase!

Hang on to it!

quote:

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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 several 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

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Precisely my attitude, especially with high-value coins. I much prefer to keep them as part of my collection (I like to show them off to selected friends), but I always keep in the back of my mind that I might have to sell them someday if times get tough. Times would have to get mighty tough before I'd sell a 3-legged buffalo. Alternatively, I have hundreds of coins (and paper money) that I would never sell because their value is so low that it would cost me more to sell them than they would be worth (e.g., most of my Lincoln cents, Mercury dimes, Jefferson nickels, occupation currency). These will be my legacy to whomever in my family shows any interest.

WOW what a gorgeous coin! Definitely hang on to it. It's quite striking (pun intended) for the grade and will command a premium no matter when and if you decide to sell it.

As was elsewhere noted, lamination is a defect in the planchet, so it does not affect the grade, and is not be considered a "problem" which would prevent it from being graded by a TPG.

I'm very grateful to T360 for pointing out that these are single-coin issues (i.e., not a variety such as, well, your 3-legged Buffalo). I didn't know that but should have if I had thought about it. But doesn't that make it an "error"?

Thanks for the insight, t360. Though I'm not an invester I definately intended to buy a coin at a fair price that will likely appreciate. Most "problem free", slabbed AU Buffalos are going for $1200-$1500, judging from my searches.

I got mine for a pretty darn low price, probably because of the Lamination. I've looked up other lamination coins and many of them are pretty dramatic, and definately a negative unless you specifically want one as as curiosity.

This particular example is very unique in a couple of ways. It's a beautiful strike with excellent eye appeal (IMO), the lamination is very mild AND it's positioned in a way that actually adds to the eye appeal of the coin (again, IMO).

I have a week to decide whether or not to keep it or return it. I'm going to consult my favorite dealer when it arrives. The guys is extremely knowledgable and I trust him. So long as the price I paid is fair, and it will likely hold/appreciate in value... I absolutely love the uniqueness of this 3-Leg.