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1798 Bust Dollar -- Good Deal Or Not?

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Author Previous TopicReplies: 11 / Views: 1,206Next Topic  
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houston_guy462004's Avatar
United States
235 Posts
 Posted 10/29/2007  2:28 pm Show Profile   Bookmark this topic Add houston_guy462004 to your friends list Get a Link to this Message Number of Subscribers
Obverse rim nick and scratch on reverse lead me to believe the coin is genuine. If the obverse is VF, I think $480 is a good deal despite minor damage. Opinions, please!

http://cgi.ebay.com/ws/eBayISAPI.dl...180172355415

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Vaslin's Avatar
United States
914 Posts
 Posted 10/29/2007  3:25 pm  Show Profile   Bookmark this reply Add Vaslin to your friends list Get a Link to this Reply
At $480, it was definitely a good deal, and seemed genuine. It's definitely not VF, but I'd go as high as VG.
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houston_guy462004's Avatar
United States
235 Posts
 Posted 10/29/2007  3:35 pm  Show Profile   Bookmark this reply Add houston_guy462004 to your friends list Get a Link to this Reply
Yes - a net grade of VG-10 or F-12. Even at that, the Red Book lists the type at $800 in G-4 and $1000 at VG-10. The cheapest I have found on ebay auctions for VG has been $735. Price seems to be a matter of timing. A VF Massachusetts cent went yesterday for $109, whereas $300 seems to be standard.
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halfabustisbetter's Avatar
United States
1984 Posts
 Posted 10/29/2007  4:32 pm  Show Profile   Bookmark this reply Add halfabustisbetter to your friends list Get a Link to this Reply
2 points:

1. There's a big blue "i" in the middle of my page.

2. That is an incredibly great deal. $480 for a coin that will look that good in an album!?! Out--standing!
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tights24's Avatar
United States
2254 Posts
 Posted 10/29/2007  5:14 pm  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
quote:
1. There's a big blue "i" in the middle of my page.




Dad is playing with different stuff.
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Dewayne76's Avatar
United States
590 Posts
 Posted 10/29/2007  11:11 pm  Show Profile   Bookmark this reply Add Dewayne76 to your friends list Get a Link to this Reply
I would say it was a steal. Nice pick up.
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CommandD's Avatar
United States
65 Posts
 Posted 10/30/2007  11:07 pm  Show Profile   Bookmark this reply Add CommandD to your friends list Get a Link to this Reply
Good one!
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TreasHunt's Avatar
United States
2540 Posts
 Posted 10/31/2007  07:14 am  Show Profile   Bookmark this reply Add TreasHunt to your friends list Get a Link to this Reply
Good buy, even with the scratches.
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Nelrak's Avatar
United States
974 Posts
 Posted 11/01/2007  10:16 am  Show Profile   Bookmark this reply Add Nelrak to your friends list Get a Link to this Reply
I would be kind of skeptical of it. Why isn't this graded by a TPGC? Nice buy if it is real but when graded ones like the link below in the same condition are selling for over $2k you have to wonder...why would the seller let it go so cheap and why didn't the other collectors/dealers jump all over it?

http://cgi.ebay.com/ws/eBayISAPI.dl...e=osi_widget
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houston_guy462004's Avatar
United States
235 Posts
 Posted 11/01/2007  11:24 am  Show Profile   Bookmark this reply Add houston_guy462004 to your friends list Get a Link to this Reply
The pictured 1798 bust dollar is VF-20 and undamaged. The final sales price is sometimes a function of timing. These bust dollars in VG - F have been selling for as little as $710 and as high as $1010. In a recent auction, a seller offered two nearly identical coins with closing times five minutes apart. One sold for $21, the other for $5. It makes no logical sense. I think $3000 for a coin entombed in a slab is outrageous. I note that it remains unsold.
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coindude411's Avatar
United States
44 Posts
 Posted 11/01/2007  12:35 pm  Show Profile   Bookmark this reply Add coindude411 to your friends list Get a Link to this Reply
I think you got a great deal!
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houston_guy462004's Avatar
United States
235 Posts
 Posted 11/03/2007  1:42 pm  Show Profile   Bookmark this reply Add houston_guy462004 to your friends list Get a Link to this Reply
bustyerrors-

Thank you for the info. The coin looks beter in hand than in the picture. The rim nick does appear to be a defective planchet, and you may well be right about the adjustment marks. The "scratch" does look like file marks rather than a typical grafitti. Weight is 26.7 grams on my cheap scale. I have not closely examined the variety yet.

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