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 Replies: 22 / Views: 2,959 |
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Valued Member
United States
64 Posts |
I'm always going through my local dealers junk bin. My three favs are Silver Dollars, Indian Head cents and wheat cents. in the last month I have found in dollars 2 1878s in XF or better shape, a 1928s Peace dollar in AU and payed only 15.00 for each of them. In Indian cents I found a 1861 in Fine, 1866 in Good, 1874 in VG, 1878 in VF and about 5 1909 ranging from good to XF. My best find in Indians was last summer when I found a 1908 S in Fine shape never payed more than a 1.25 for any of them. in Wheats this last month I Found just over 280 pre-40s wheats. 2 1909 p, 1 1909 VDB in VF, 1 1911 D, 1 1912D, 1 1912 S, 1924 D in Fine, 3 1926s all in VG or better. Never payed more than 5 cents each. But today I just made my find of a life time! Went though over 1100 wheat cents today and found a 1922 plain cent, my heart beat must have hit 150! I ended up paying a nickel for it :) heres the pics   Edited by dave2095
03/18/2008 02:49 am
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Pillar of the Community
United States
2224 Posts |
where is this coin shop?!?! Congrats!
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Pillar of the Community
United States
6326 Posts |
That's great ! Though I'm surprised the Dealer let you spend the time "cherrypicking" instead of just grabbing a handfull...... good finds though........much kudo's !......  Edited by eaglefoot
03/18/2008 08:51 am
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Pillar of the Community
United States
974 Posts |
Sounds like that Dealer is in the wrong business! The dealers in my area will let you cherrypick but they always look to see what you got but not hard enough to see the RPM or something and price it accordingly based upon the date...but a date like that would have been given as a discount for finding it and certainly not a nickel! I don't think I could have done that with a clear conscientious, but to each their own.  Congrats, I guess.  Edited by Nelrak
03/18/2008 10:11 am
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New Member
United States
40 Posts |
I agree with Nelrak, if these coins are in the dealers junk bin, what kind of stuff does he keep under the counter, 1913 liberty heads.
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Bedrock of the Community
United States
19935 Posts |
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Moderator
 United States
187862 Posts |
Edited by jbuck
03/18/2008 11:14 am
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Pillar of the Community
United States
1767 Posts |
I'm confussed about this 'plain' cent. How do you know that this is a plain cent when 'P' minted coins has no 'P's' during this time? Please help me understand. Thanks, mila_ |
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Moderator
United States
187862 Posts |
Because the Philadelphia Mint did not produce a Lincoln Cent in 1922! But you hit on the controversy of the 1922-D Plain variety! We know it is an "error" because no Philadelphia Lincolns were made that year. But how many other times were mint marks missing, only to go undetected amongst the Philadelphia coins? |
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Pillar of the Community
United States
1767 Posts |
Thank you jbuck, mila_ |
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Pillar of the Community
United States
790 Posts |
I'm a little concerned with Nelrak's comment. How is it a moral issue to purchase the coin for a nickel? That is the price the dealer chose to set. If I buy a mixed-lot of coins off of ebay for a low price and it happens to contain a really good one, should I then send more money to the seller because they didn't know a good one was in there? As another example, I've heard of people purchasing slabbed coins that they view as conservatively graded, cracking them open, then resubmitting in the hopes of a higher grade. If I did this and turned a profit, should I share the profit with the dealer that sold me the coin because they didn't know? I buy a lot of individual foreign coins from one particular seller through the mail. He gets a lot of them wrong. Sometimes the coin I get is worse than the one I was supposed to get, sometimes better. Should I make a stink and return every incorrect one? No way, gambling is part of what makes the coin game fun. |
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Member
United States
3242 Posts |
Nice coins and the prices are really good!
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Bedrock of the Community
United States
12437 Posts |
How certain are you that the die markers match known 1922 plains? Are you sure it is not altered and that is possibly why it was in a junk bin for 5 cents?
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Pillar of the Community
United States
560 Posts |
Great find. I would check the die markers that biokemist mentions to make sure it's real/unaltered. I also don't think you did anything immoral by purchasing this coin from the dealer. He should know what's in his junk bin. Once a price is set, you aren't under any obligation to volunteer to pay more. If it were a little old lady who knew nothing about coins, I would feel differently about it. Congratulations!
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Pillar of the Community
United States
3234 Posts |
FYI, I posted a link to this story on the PCGS boards. Some of those members voiced some concern that this is a weak "D" and/or weak reverse which would be the much lower premium version of the coin.
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Moderator
United States
187862 Posts |
quote:
which would be the much lower premium version of the coin
But still worth more than $.05!  |
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Replies: 22 / Views: 2,959 |
Posted 03/18/2008 02:36 am
