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 Replies: 12 / Views: 971 |
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Pillar of the Community
United States
591 Posts |
http://pages.ebay.com/link/?nav=ite...111250246578Looks like bad seller pictures on ebay are a fairly common phenomenon. These pics seem to show a very weak strike on the bridge of Liberty's nose, and more troubling is the overall lack of focus on the fasces. Obviously the fasces being the high point is the primary indicator of wear (and grade) for the reverse. I can't tell if this is in the F or VF range! I ask the seller for better photos and he says the coin is VF based on some grading book he has. I reiterate that I need to be able to discern the degree of wear myself, and again ask for better photos. He replies "no". I kinda think this coin has some decent eye appeal, though I am concerned that the seller seems like such a jerk in refusing to post in focus pics. Is it just me, or is an appropriate price to offer a real challenge here? Thanks!
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Bedrock of the Community
United States
12057 Posts |
You can find a better example for less money from a seller who's not a rude jerk. Why grace him with spending your money there when he has such poor customer service? This coin has an obverse scratch running through the ear, and the grade from his pictures is closer to F15 than VF anything.
As a coin dealer with 6K+ feedback, the thought that he would not know an exact grade is laughable, and a major warning sign that he's being very evasive for a reason.
Assuming it makes a solid F15, with a scratch on the obverse I'd not pay more than $150.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
 United States
591 Posts |
Thanks paralyse. That is excellent feedback, and I agree. I was thinking the same on price. So odd he isn't friendlier. I'll pass on that one.
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Bedrock of the Community
United States
36903 Posts |
F-15 and the surface does not look original.
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Pillar of the Community
United States
591 Posts |
Really, you mean you can discern an indication of cleaning?
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Bedrock of the Community
United States
36903 Posts |
It looks like an older cleaning that has toned.
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Bedrock of the Community
United States
94367 Posts |
Agree, very unnatural-looking.
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Pillar of the Community
United States
4337 Posts |
and look at the carbon spotting on the mirrors. that is always a tell-tale to a cleaning that is now toning over. stay away.
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Pillar of the Community
United States
4337 Posts |
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Rest in Peace
United States
17900 Posts |
You might want to consider a TPG example which greatly reduces your chance of buying a problem child. |
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Pillar of the Community
United States
591 Posts |
More good feedback, thanks. Now "carbon spotting" is not a term I've heard before. Can you elaborate? Of those two suggestions, the ANACS coin has horrendous eye appeal, no? What kind of spotting (or spin cycle war wounds) on that one? @moxking - I was hoping to avoid that, whereas it would seem enough decent raw examples would be available w/o paying a TPG slab premium...but maybe there is no such thing. Meaning is the cost to TPG ever really recouped? Slabbing does seem to "guarantee" grade (value) and originality (at least w/ PCGS/NGC), but does the market support there being any kind of residual TPG "premium" (i.e., cost of slabbing) on slabbed coins? Thoughts? |
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Bedrock of the Community
United States
12057 Posts |
With few exceptions, slabbed coins (when properly graded by the TPG) will always carry a larger percentage of their full value than unslabbed (raw) coins. That percentage increases substantially for sight-unseen sales. In other words, if Coin X in MS65 has a theoretical maximum value (i.e. the value of the finest known example in that grade) of $100, a PCGS coin might average $94, the same coin in an ICG holder might bring $78, and the same coin raw anywhere from $30-$60. If you can't actually see the coin (sight-unseen) then the gap widens and PCGS/NGC/ANACS/ICG coins pull further ahead of raw examples. It's not quite the same as a "premium", but the end result is the same: TPG slabbed coins by the "big 4" almost always sell for more than raw examples of the same coins. Now CAC green bean coins, on the other hand, will regularly generate 10-30% or more actual premiums above average market price, and that number seems to be growing with each auction, sometimes to extremes; a certain Morgan dollar might realize $1,200 graded PCGS MS65, but the same coin graded PCGS/CAC MS65 might hit $2k+ or more. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
591 Posts |
@paralyse - thanks for the information. Seems counter intuitive though that the sight-unseen coins would be valued even closer to $100 (in your example). Why would a slabbed coin w/ its associated photos be worth less than a slabbed coin w/o? By the way, do you know how much it costs to submit a slabbed coin to CAC?
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Replies: 12 / Views: 971 |
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Posted 02/07/2016 3:13 pm
