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Replies: 25 / Views: 2,947 |
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Bedrock of the Community
 United States
12839 Posts |
@Coinfrog, I think CHD is referring to (what appears to be) verdigris on the obverse. In the lettering and on Abe's face.
It's up to $400 with just under days to go...
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Pillar of the Community
United States
2910 Posts |
Quote: I don't know anything about Lincoln cents but I do know the #1 rule of coin slabbing: If an expensive coin is not slabbed, why not? You would think that someone somewhere who owned it would have had it slabbed sometime.
The answer is usually one of three:
1. It was slabbed and cracked out to sell raw because someone thought it was undergraded. Any buyer who then gets it slabbed may find out that it was graded correctly the first time and will have possibly overpaid
2. There is a problem with the coin that is not evident in pics (i.e. cleaning, minor surface damage, bent, etc.
3. The coin is fake. Especially with a highly valuable and commonly counterfeited coin.
I'm not saying that any of this is the case but still ask yourself why it is still raw. I would love to hear others' opinions on this. I've been collecting for 44 years, and personally, I am not a fan of slabs. I would rather collect coins in albums. I've been fortunate to have been going to the same very reputable local coin dealer for 40 of those years. I have bought most of my collection there, including my EF/AU 1909-S VDB, and 1955 Doubled Die Obverse Lincolns. As someone who has studied coins most of his life, I know the diagnostics for these two, and other dates. And my dealer friends there have an even deeper knowledge than I.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Bedrock of the Community
 United States
12839 Posts |
@John77, that's fair, but not everyone has the knowledge you have. Also, online purchasing of such coins brings inherent risks that slabs can help alleviate.
I'm not a fan of slabs either, but they do have their usefulness from time to time.
$450 with 1.5 days to go.
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Pillar of the Community
United States
2910 Posts |
Quote: @John77, that's fair, but not everyone has the knowledge you have. Also, online purchasing of such coins brings inherent risks that slabs can help alleviate.
I'm not a fan of slabs either, but they do have their usefulness from time to time.
$450 with 1.5 days to go. I guess you can just call me "old school." I've always been one to "buy the book before the coin." It's good that we have forums like this one so that the less knowledgeable can get help and be steered clear of trouble. To me, slabs have always been more for the investor than the collector. That said, I do like slabs when it comes to Uncirculated rare date coins as they can help protect the coin from environmental damage.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77 08/25/2016 10:14 am
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Pillar of the Community
United States
968 Posts |
I'm not afraid of buying raw coins online as long as the pictures are excellent, the seller has a good feedback rating, and I feel confident I could return it without a major hassle.
This seller has good feedback but I want better pictures. Ones that are more clear, without the haze, and even better closeups. On top of that I'm not a fan of the verdigris around the letters, but that is personal preference.
Posting about it hear did next to nothing to affect the price of that coin. It is listed in the correct category with a clear title. It is super easy to find for anyone interested in one of these coins. The price always jumps up a lot from where it started on popular coins like this.
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Pillar of the Community
United States
3283 Posts |
In his description is say's "Please review 'Larger Pictures' I provided for you". I don't see those or a link to view them. It would be nice to get a close up of the mint mark to see the die chip, that would give me a lot of confidence if I was bidding. Also a close up of the 'vdb" would be nice since a lot can be revealed there. It does look good by the pics but....let just say it's ebay. I'm no fan of slabbed coins as others have mentioned and have bought some that coins which priced higher than this will through ebay but always after a email conversation with the seller as well as a good reputation (which this seller looks to have).
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Bedrock of the Community
United States
11951 Posts |
Couple hours left .... $485
Is everyone just watching this coin, are are there some bidders ?
I have my S VDB ...I bought mine slabbed.
This seems, to me, to be a good album coin. For a circulated set.
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Bedrock of the Community
United States
94367 Posts |
CK - Thanks, was not looking closely enough. I think it would clean up. I have certainly seen worse sell for more than this. 
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Bedrock of the Community
 United States
12839 Posts |
Hammer price: $625.69. Wonder if it went to anyone here on CCF.
@Coinfrog, I'm happy to send info the other way for once. I've learned a ton from you about U.S. paper money.
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Bedrock of the Community
United States
10038 Posts |
Quote: I don't know anything about Lincoln cents but I do know the #1 rule of coin slabbing: If an expensive coin is not slabbed, why not? B/c there are still some of us old timers out here who prefer not to waste the money on something we can evaluate for ourselves. And I think the numbers are larger than what is suspected b/c the people of like mindset are also likely not those with a huge online presence in forums etc. In fact most collectors I personally know are not even on forums (yet!). If I were an internet coin dealer, the reality of people buying the plastic and then the coin would likely force me to contribute to the TPG business to maximize my own profits. I just think it is a shame the mindset overall is that a middleman is needed, especially when we have entered the CAC era where people have finally come to realize the TPGs are not as rock solid as they were once promoted to e. Where is all that money people "wasted" on TPG-faith for non-CAC'ible slabs? I see (opinion) slabs as a side-issue distracting focus from coins themselves. I see (opinion) the TPGs' main purpose is/was to profit through assigning artificial status to a coin submitted by people too willing to part with their money. This is why we continually hear, "buy the coin, not the slab," and why a green sticker means even more money can be expected from Joe Slabbuyer (not me!). The only time I contributed to the TPGs was to have a few coins slabbed so if anything happens to me, my family will know the coins are not to be dumped at the bank for face value.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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Replies: 25 / Views: 2,947 |