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Replies: 32 / Views: 4,593 |
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Valued Member
 Canada
333 Posts |
Thank you all for the comments. I have been following ebay very closely and most of the big auctions, Torex and so-forth. I will definitely only buy ICCS or PCGS graded in these key dates. And yes, the coin has to be pleasing to my eyes. Kbbpll I will send you pm.
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Valued Member
 Canada
333 Posts |
Kbbpll, I tried to send you a private message but no luck. I got the 46 & 47ml in a package deal. They both worked out to 62% of book with shipping included. They are also ICCS graded.
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Pillar of the Community
Canada
849 Posts |
That is about what I paid for my '46 but if you see another '47 ML ICCS graded at even 70% of catalogue value, tell me and I will buy it in an instance.
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Pillar of the Community
United States
4233 Posts |
Hoop130, try PM again. My address was old and I had it turned off too. But beware, I might try to send you on the elusive imaginary 1948 shoulder fold wild goose chase. :)
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Pillar of the Community
Canada
1051 Posts |
IMO, in this day and age, there is no reason to buy an expensive uncertified coin...particularly a key date such as this that has been widely counterfeited.
If I were to guess, this coin would come back MS-60 cleaned (or already did), and a lot of buyers would avoid it because of the cleaning.
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Pillar of the Community
Taiwan
606 Posts |
Quote:Buy the coin and not the packaging(plastic).Whenever I hear this I am reminded of the axiom: There are two kinds of people that buy expensive raw coins.The best graders or the biggest fools.Which one are you?
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Pillar of the Community
Canada
1505 Posts |
Everest, do not agree with you and I am not a grader and not a big fool....there are those who actually know what they are buying!
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Pillar of the Community
 Canada
5400 Posts |
I agree with both Everest and 47P7 . In reality today there is NO reason at all to buy expensive rare coins RAW, however that said 47 is very experienced and deals in a market where slabbing is really not that big yet ..........Europe. Last year in England I bought some very nice RAW Canadian and Newfoundland pieces that are now slabbed. I can assure you that I am certainly no fool and I do know how to grade. Everest is correct though if you are a newb and spending large...............get them certified for piece of mind and then take some grading courses to improve your skills .
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Pillar of the Community
Taiwan
606 Posts |
47P7/Pacificoin: Thank you for your responses.Obviously you are members of the first group.The best graders. Congratulations on your purchases in England.I have not been to London since the early 70's.Can you still get fish & chips wrapped in the Daily Mail? I am sure there are some nice Canadian coins still there. I purchased a few Newfoundland pieces that came out of a small hoard in the late 80's.All were mint state with similar toning. All the best for the New Year Everest
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Pillar of the Community
 Canada
5400 Posts |
You can still get the fish and chips over there Everest. I pass though when I go as we are spoilt to death here on Vancouver Island. The Halibut here is fantastic and we make our own. With a beer and a side of coleslaw.............pure heaven.
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Pillar of the Community
Taiwan
606 Posts |
Pacificoin: I agree.You do live in a great part of the world. Used to go hiking in the North Cascades in Washington.Great scenery,food and people. Did you attend the 1990 ANA convention in Seattle? There was a large consignment of Canadian but as I recall most of it was bought back by the consignor. I sure regret not making it north of the border.
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Pillar of the Community
Canada
1505 Posts |
Pacific Quote: very experienced and deals in a market
I beg to differ as I am not a dealer! and almost all of my transactions are buying to improve my personal collection. Yes, I have traded and sold a few pieces. However, in the overall scene, I am a buyer and a hoarder. Presently in the process to soon "move" stuff not suitable for my future needs, or shall I say "wants". there is a lot of stuff ( hoarded) that needs to be other than what it is. it includes many vickies, copper and silver, from coast to coast.
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Pillar of the Community
 Canada
5400 Posts |
Everest yes the 1990 ANA convention was an easy one for me. Went down to the inner Harbour hopped on what was at the time the ferry service to Seattle and walked to the convention centre where the ANA was at. It was a pretty slow show as the coin market was in turmoil at the time and you had best be selling baseball cards and hockey cards if you wanted to keep the doors open. The neat thing was the CNA was in Vancouver at around the same time. Socially it was awesome, business wise brutal. A lot of the younger collectors and dealers around today would think of those times as "Dark ages". Today with the internet and ebay things are immensely different. As an aside the ANA in Portland OR is just a couple of months away. Looking forward to that one !
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Pillar of the Community
Canada
1505 Posts |
Everest, agree with your assessment of the NW corner. However, I live on Vancouver Island and that is hard to beat! Ask those who live here (Pacific and a few others) I very seldom attend coin shows. last one was a couple of years ago in Vancouver, a 2 day show....NOTHING to write home about. More dealers than serious buyers. I made a good and unexpected private deal, by pure chance outside the venue in the parking lot. when leaving, A lady next to my car dropped her car key and the conversation started...her husband chatted about how disappointed he was with the show....A week later they came to visit on the Island, with 2 briefcases full of Vicky coins. I bought them. Despite lack of serious buyers, many, NOT ALL dealers displayed the "fat Cat" attitude. The other reason why I am not interested to go is simply economics. If I were a dealer, I could write off the expenses. But as a collector I am stuck with the following expenses BEFORE I even buy a coin: 90 minutes car ride to the ferry. 100 minutes ferry ride to the outskirts of Vancouver 45 minutes to downtown Vancouver hotel and parking cost for the duration(unless u stay with friends) and, the same expenses back in reverse! summa summarium: all inclusive CAN $ 600 minimum for 2 days. is that worth it to be ignored by a dealer and / or be given the big spiel of how an experienced grader and dealer he is when in fact all he knows is how to BS ? most dealers there have very little idea about varieties, unless these are certified!
Rather spend that money on wine...or a nice coin at an online auction somewhere. Anyone disagree?
Edited by 47P7 01/03/2015 12:16 pm
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Pillar of the Community
 Canada
5400 Posts |
@ 47 "very experienced and deals in a market" . In my opinion you are experienced , take incredible coin photos, and you have sold and do sell coins. The definition of dealer is fairly loose, any collector who buys coins and sells even one has gone to the dark side and is now dealing. No shame in that. As you say you are about to sell a bunch of stuff that no longer works for you, so you can acquire stuff that does. That is superb strategy and makes rarities a lot less harmful to ones pocket book. "most dealers there have little idea about varieties, unless certified ! " This statement is very true and for many reasons. A good student of numismatics or solid collector who knows his stuff can always make money or acquire a scarce to rare piece from a dealer. This is a reason to attend lots of coin shows if you can and look for varieties. People who make a living selling coins cannot possibly know about everything in every series. Just not possible. A dealer who examined every piece in detail and held stuff back, would not last long in business. It is all about the bottom line and if a few things get missed or sold too cheap ,oh well! For a dealer it can work the other way just as well. What it comes down to is NOT always being right and getting top dollar, just most of the time!
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Replies: 32 / Views: 4,593 |