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 Replies: 29 / Views: 3,033 |
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Pillar of the Community
United States
974 Posts |
I picked these four RAW and UNGRADED coins yesterday for my main Dansco 7070 and my Whitman Type Set books. I think these examples just goes to show, we collectors, should educate ourselves and Buy the coin NOT the Holder! I think a lot of us have gotten away from doing some legwork to find our coins since there are companies out there making decisions about the condition, which may not be as accurate as we think. There are a lot of nice ungraded coins out there that can be had for better prices than some of us are paying on ebay and Teletrade. Who's to say there aren't raw MS67s just sitting out there waiting to be picked up...all those coins in third party holders started out as raw coins, didn't they!  I highly recommend breaking away from the internet for purchases occassionally and get out to coin stores where you can actually view and hold the coin. So get out there with your magnifying glass, a grading book, and price guide and buy and grade your own coins! Remember at a coin shop the prices ARE NOT set in stone, BARTER and ask questions! Oh and if at all possible TAKE CASH, that goes a lot further than credit cards or checks.  (I take my 16x Loupe, ANACS Grading Book, and the most current Greysheet with me on all my trips and about town.) Here are my coins I picked up. I usually don't share what I pay for my coins, but I want to let you all know and draw your own conclusions if they were good deals. I am happy with them.  1927 Penny for the Whitman I paid $50:   1963 Dime FT for Whitman I paid $1...this dime is actually prooflike:   1884-CC Morgan for 7070 (This is the one the shop owner picked out for me after showing me the 27D Double Eagle!) I paid $250:   And lastly my 1st 19th Century Proof Coin    Proof DC 1891 Seated Liberty quarter for my 7070 I paid $$675: It hard to photo graph proof coins, sorry for the brightness. It has 4 little specks of green crud from the elbow to the 9 to 10 o'clock position, which has created some interesting toning on the mirror. I am afraid to try to get them off since these proof coins are so fragile! I am confident Acetone would do the trick. The shop owner said he'd just leave it alone since it won't hurt silver and it's an original uncleaned proof! Decisions, Decisions:   Obverse Deep Cameo:  Reverse Deep Cameo:  |
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Valued Member
United States
76 Posts |
I really like the proof quarter!
And I could not agree more about buying the coin, not the slab. I don't even like coins in slabs, they just don't seem like coins any more! I like them raw, or valuable ones in air-tites, it protects them but they still feel like coins.
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Valued Member
United States
376 Posts |
Fantastic coins and great deals.
madspec
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Valued Member
United States
459 Posts |
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Valued Member
United States
394 Posts |
Great coins Nelrak!
Always Right, I have to disagree with your reply when you say "I like them raw, or valuable ones in air-tites, it protects them but they still feel like coins."
You don't like coins in slabs, but putting them in air-tites is ok. As you remove the coins from the air-tites, you will at one time or another mess up and finger the coin or possibly damage the coin from constantly removing the coin from the "tomb" that you put it in. To me that tomb is no different than a commercial slab, just a little bit smaller. Looking at a coin in an air-tite is not "in-hand", it is a mini-slab. Just another person's thoughts about slabs vs. air-tites and in hand.
Berry
PS: I am a firm believer in slabs for all the reasons that have been annunciated on this forum before.
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Pillar of the Community
United States
3343 Posts |
Nice coins and pix! Under normal circumstances I like coins well circulated and raw. But I took a dealer's advice and am making my first submission to ANACS. The coin is a 1795 cent. I was convinced by his argument that there is too much fakery and manipulation with the early cents, and that I should get the best proof possible. With registered postage, insurance and fees it will cost $50 to find out.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
7123 Posts |
Hi Nelrak Nice coins no doubt they are beauties ! But I have to ask myself what determined your grade and thus value of the coins that you bought ? Could you give us some insight into how you determined that the coins met the grade and price which you paid ? I think for many collectors this is where the rubber meets the road so to speak . as for slabs ,,I agree somewhat with Berry that airtites are another form of slabbing in some ways ,, its all about protecting the investment and preserving a piece of history ,, My problem with the TPG slabs is the hype that just because the coin is in such a slab the coin has added value above a similar or Identically graded Raw coin ,, the coin is or should be valued for the coin not the PCGS,NGC or (place your favorite company name in the blank )label which resides above the coin . I mean really there is no consistency within the TPG's as to the grade of the coins they encapsulate ,,Its well known that there are overgraded and undergraded ,fake,counterfeit,cleaned,AT, coins which reside in TPG slabs . and I wont even get into NGC and the ASE's that bear the grade of BU in their slabs which are hawked on the TV steal a deal coin programs ! Metalman |
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Valued Member
United States
394 Posts |
thq, I don't blame you and think it is a good move. You could be talking about a coin worth a lot of money or you could be talking about a fake. Due to the possible value involved, I think you made a wise decision.
Berry
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Pillar of the Community
United States
3234 Posts |
I really like all of your 7070 choices. That Proof is pretty cool. With the green stuff, it won't slab and is probably why it's still raw. If it was me, I would take a chance and put it into a pure acetone bath and pat dry with a soft cotton cloth. The surfaces should not be affected if you handle it very carefully. What's that "scratchiness" around the date? Maybe it's just the way it toned.
Personally, as I've mentioned earlier to you Ken, I'm very leary of raw Proofs and tend to only consider purchasing them if they're been slabbed. It's possibly a stupid way to think since 20 years ago none were slabbed. The problem is that many tend to be messed with somewhat or have some subtle problem which prevents a decent future sale. Face it, your buyers will most likely want to see it in a slab or it will be underpriced. Now, you got it for a great deal so you're probably no buried in it. If the green stuff comes off, heck you might have a $2500+ coin there!
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Valued Member
United States
112 Posts |
Nelrak its quite the challenge and a thrill to get a hold of coins like that. The penny looks fantastic. How do you know the dime is prooflike, I cannot tell by the picture. I hate that there are so many TPG's out there and they cannot agree on one simple standard. But there needs to be some kind of check/balance that proves one is actually purchasing the coin as genuine. |
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Pillar of the Community
United States
1173 Posts |
NIce coins, Nelrak.  Thank you for sharing! |
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Member
United States
3242 Posts |
Nice Coins   |
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Pillar of the Community
United States
2443 Posts |
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Valued Member
United States
102 Posts |
Terrific pickups. Ask your dealer if he has any more quarters like that! Edited by PBCoins
07/20/2007 7:40 pm
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Moderator
 United States
23522 Posts |
I focused on your Morgan (basically because I didn't even want to think about that mouthwatering Quarter). Of course, nothing beats having the coin in your own hands, but I don't think there's any way that one misses MS65. Therefore, you're in the black for that one, at least.  But that quarter..... I don't know what the prettiest coin is, or care what the most valuable coin is, but the two nicest coins I own were both bought raw. I went over grade price for both, and I was right both times. |
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Pillar of the Community
United States
1283 Posts |
Great looking coins!
Nice find with that Lincoln. Finding problem free copper with nice appeal is very difficult. What's weird is it seems even harder with the MS examples. Many circulated pennies have a nice, even chocolate brown toning. But Uncirculated pennies always tend to have spots, or a grainy look or just unattractive uneven toning.
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Replies: 29 / Views: 3,033 |
Posted 07/20/2007 06:36 am
