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 Replies: 12 / Views: 2,464 |
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Pillar of the Community
United States
1083 Posts |
 I just purchased off ebay, using the Buy It Now feature, a 1913-D Type II Buffalo nickel in I believe a VF-20. It was priced right and problem free, but the coin had a small area of missing metal on the obverse just to the left and above the braid, that appears to be a small planchet defect, at least that is what the seller called it. Doesn't appear to be damage. I am willing to live with this small defect in order to fill the hole in my Dansco for this key date at a reasonable price, but I wonder about value. If this is actually a a planchet defect, does it significantly affect the value of the coin? Opinions? Here is the coin: Image:  1913-DIIBuffalo.jpg19.47 KB Edited by okie-colin
01/19/2008 10:33 pm
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Pillar of the Community
United States
1283 Posts |
It looks to be caused by a lamination, which is basically a planchet flaw that causes the metal to strip away. If the stripped metal is still intact it's considered a problem free error. If it has flaked completely off, it's considered damage and devalues the coin. A lamination is among the least desireable of coin errors, but it can still add a bit of value to common date coins. If it's on a better date coin, most buyers prefer not to have it.
In your case since the metal has flaked off it is considered a "problem" coin.
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Pillar of the Community
 United States
1083 Posts |
At $175 would you return it? My question was about value. This coin in this grade is going for $200 and up.
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Moderator
 United States
187834 Posts |
I think it looks fine. The defect is not distracting, IMHO. Edit: Missed your follow-up. I am not the best grader, so YMMV, but if I had to choose between a "non-damaged" VF-20 at $200+ and this one for $175, I'd be very tempted to take this one! I am not bothered by the mark. I think it is in a location that does not interrupt the design. If it were on his nose, cheek, or the middle of the field, that would be different. Again, this is just how I feel. Everyone has their own standards.  Edited by jbuck
01/19/2008 10:05 pm
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Pillar of the Community
United States
1283 Posts |
okie,
I don't have grey sheet infront of me, and I'm literally on my computer while my wife is driving. If you acurately determined paying $25 less than a problem free example of the same grade, I would return it.
The other thing to consider is that, according to you, the seller described the damage as a "planchet defect." The wording isn't blatently misleading, but ANACS labels it "Lamination Damage". People generally don't like the word "damage" when describing coins for sale. But to his credit he didn't ignore it, so it's your call.
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Pillar of the Community
United States
1283 Posts |
quote:
I think it looks fine. The defect is not distracting, IMHO.
I totally agree. It's not at all distracting. Personally, if there's a tiny flaw way off in the corner it bugs me just knowing it's there. But you can live with it just keep it. |
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Pillar of the Community
United States
1083 Posts |
To be honest Army, the defect was described after I asked the seller a question. They also didn't describe the coin as problem free in the listing, that was my comment. I think it is a minor "problem" and after getting outbid for similiar graded examples for two months, some that weren't as strong as this one as to a clear date and horn, that if it looks ok in hand, that I will keep it. Not sure that the seller describing a lamination defect as a planchet flaw was intentional. The seller has over 400 feedbacks at 100%. Glad to hear that you aren't driving and typing! Thanks.
Colin
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Pillar of the Community
United States
1283 Posts |
Yeah, I'm typing, shaving, eating, talking on the cell phone AND steering! :)
What it is.. is 'Lamination Damage' which is (caused) by a planchet defect. And as I said before if the stripped metal was still intact it would be a "problem free" error coin, at least by industry standards.
I learned all of this after buying a 3-Leg with a lamination error (still intact). I returned it at the advice of my dealer and several members of coincommunity. But that was a major key and the lamination was much larger.
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Pillar of the Community
United States
1083 Posts |
Army, if your Buffalo set is in an album, would you be willing to post a few pictures? It sounds like you have invested a lot more time and effort, and expense in yours than I have. Seeing pictures of your set would give me some inspiration to finish this thing someday when I can afford to do it. I only lack the 1913-S Type II, and the 17/18, and the 1937-D Three leg. Only three more Buffs to have the complete herd, yet so expensive. I have tried to get problem free dates in VF-20 or better. This series is popular and hot, even more so than the Lincolns. Competition for better grades on ebay is fierce! Not sure why the high demand, but it is a classic design and so many of the circulated population just didn't wear all that well. Edited by okie-colin
01/19/2008 11:01 pm
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Member
United States
3242 Posts |
There is no very rare bad nickel phanchets shied ,liberty buffalo Jefferson nickel is a hard metal Image Insert: Image Insert: You can find them at most coin shop & ebay |
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Pillar of the Community
United States
1283 Posts |
okie, sorry I hadn't posted in a while. We were on our way to Yosemite National Park and I just got back. I don't even have a buffalo set started. I'm most of the way complete on my Lincoln set, and that's the first and only set I've ever worked on. THAT is a bear to complete! Completing the buffalos has to be even more difficult, especially if you want to go after the double dies, overdates, and the 3-Legs. It's out of my league. Next I'm going after a type set and then Peace dollars. |
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Pillar of the Community
United States
1083 Posts |
Mea Culpa Army! I thought with all your posts on the three legged and your obvious knowledge on the Buffs that you were finishing a nice set of Buffaloes. They are expensive, and I wish I had enough income to have started with the keys. You will enjoy the type set. I have finished a 7070 Type Set and I must admit it was the most rewarding. I keep upgrading it. The latest was a MS-63 1882 Shield nickel and before that, an AU-50 Barber quarter. From the balance in my IRA these days I am going to have to cool it on buying anything expensive for awhile. Hope you had a great time in Yosemite. We were there a year ago in October and I have been twice to photograph in the footsteps of all those masters like Ansel Adams. Peace. |
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Pillar of the Community
United States
6381 Posts |
Hi Okie, I'll just throw in my 5˘ worth....  ICG slabbed my 1919-D Buffalo as AU-50 and noted the reverse lamination on the holder. ICG doesn't slab the usual sort of "problem" coins so maybe I can claim it isn't a problem after all! I guess I'll find out whether the market devalues the coin due to the lamination, if and when I go to sell it! |
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Replies: 12 / Views: 2,464 |
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1913-DIIBuffalo.jpg
Posted 01/19/2008 9:52 pm
