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A 1916-D Mercury, PCGS Fr-2, Sells For Over $400 ... A Beaned Lowball

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ExoGuy's Avatar
United States
4416 Posts
 Posted 01/18/2017  10:23 pm Show Profile   Bookmark this topic Add ExoGuy to your friends list Get a Link to this Message Number of Subscribers
Here's the newly sold ebay listing, followed by pics ....

http://www.ebay.com/itm/1916-D-Merc...162322415254

Has anyone seen a bean on a Poor-1 or a blank planchet, any coin, as yet?

Pics of the 16-D:

A-1916-D-Mercury,-PCGS-Fr-2,-Sells-For-Over-$400-...-A-Beaned-Lowball

A-1916-D-Mercury,-PCGS-Fr-2,-Sells-For-Over-$400-...-A-Beaned-Lowball

A-1916-D-Mercury,-PCGS-Fr-2,-Sells-For-Over-$400-...-A-Beaned-Lowball

A-1916-D-Mercury,-PCGS-Fr-2,-Sells-For-Over-$400-...-A-Beaned-Lowball
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Debrajc's Avatar
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 Posted 01/18/2017  10:27 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
I seldom shop for a slabbed coins so I don't see a "lot" of them
but I do not recall ever seeing a bean on a FR-02 before. Interesting....
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ExoGuy's Avatar
United States
4416 Posts
 Posted 01/18/2017  10:31 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Environmental damage aside, I'd be hard-pressed to separate the beans from the non-beans at this low grade!
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coinlover1899's Avatar
United States
3058 Posts
 Posted 01/18/2017  10:32 pm  Show Profile   Bookmark this reply Add coinlover1899 to your friends list Get a Link to this Reply
I used to have a 1793 Wreath cent graded by PCGS PO01 with a bean
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Omegaraptor's Avatar
United States
321 Posts
 Posted 01/18/2017  10:47 pm  Show Profile   Bookmark this reply Add Omegaraptor to your friends list Get a Link to this Reply
I've seen beans on Poor-1s before.
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ExoGuy's Avatar
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 Posted 01/18/2017  10:48 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply

Quote:
I used to have a 1793 Wreath cent graded by PCGS PO01 with a bean


@CoinLover1899 ... A Wreath Cent in any grade is noteworthy. That said, how does one differentiate that these lowballs are bean-worthy and worth submitting as such?

I can't help but wonder if my blank planchet large cent is bean-worthy?
Edited by ExoGuy
01/19/2017 11:34 am
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 01/19/2017  01:43 am  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply

Quote:
I've seen beans on Poor-1s before.

Here's mine:

A-1916-D-Mercury,-PCGS-Fr-2,-Sells-For-Over-$400-...-A-Beaned-Lowball
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coinlover1899's Avatar
United States
3058 Posts
 Posted 01/19/2017  11:19 am  Show Profile   Bookmark this reply Add coinlover1899 to your friends list Get a Link to this Reply
Great 1879 s!

Exoguy, I said wreath cent, not chain:)
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ExoGuy's Avatar
United States
4416 Posts
 Posted 01/19/2017  11:38 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
@ coinlover ... My error ... fixed it to Wreath instead of Chain. I've had Chain cents on my mind recently!

I'm still waiting for clarification on how coins at such low grade levels warrant beans ... to bean or not to bean .... That is the question!
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Coinfrog's Avatar
United States
94367 Posts
 Posted 01/19/2017  4:51 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I hadn't paid much attention to low-grade beaners before, so these are pretty amazing to me. Imagine the cost and time involved getting that '79-S in that holder.
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United States
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 Posted 01/19/2017  10:09 pm  Show Profile   Bookmark this reply Add grumpy56 to your friends list Get a Link to this Reply
After looking at several hundred "beaners", I am at a complete loss to determine any consistency among them. I think the whole deal is essentially of no added value, except to those cashing the checks!
New Member
United States
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 Posted 01/20/2017  10:05 am  Show Profile   Bookmark this reply Add SemCents to your friends list Get a Link to this Reply
Sorry if this sounds like a stupid question but could someone tell me what a 'bean' is?
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Collects82's Avatar
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 Posted 01/20/2017  10:14 am  Show Profile   Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
The green sticker placed by CAC. It's like a secondary TPG noting this is better example for the slabbed grade. When it comes to such lowballs where the goal is the lowest grade possible non-damaged coin, what does the green bean mean?
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MikeF's Avatar
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3479 Posts
 Posted 01/20/2017  11:00 am  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply

Quote:
After looking at several hundred "beaners", I am at a complete loss to determine any consistency among them. I think the whole deal is essentially of no added value, except to those cashing the checks!


Agreed! I will never buy beaned coins at auction. Smart folks buy them without the bean, get them beaned, then sell to suckers.
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numismatic student's Avatar
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11881 Posts
 Posted 01/20/2017  12:10 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply

Quote:
Smart folks buy them without the bean, get them beaned, then sell to suckers.


I always thought that coin sellers that refer to coin buyers as suckers and think they are smart for using their knowledge against unsuspecting buyers were doing a disservice to coin collecting. I don't find these folks particularly smart.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
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MikeF's Avatar
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 Posted 01/20/2017  12:27 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply

Quote:
I always thought that coin sellers that refer to coin buyers as suckers and think they are smart for using their knowledge against unsuspecting buyers were doing a disservice to coin collecting. I don't find these folks particularly smart.


My apologies if my comment was too blunt for your taste. I'm sure you get the point.
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