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Would You Buy A Known-Whizzed Coin If It Was Nice Enough?

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 12/21/2005  09:58 am Show Profile   Bookmark this topic Add SsuperDdave to your friends list Get a Link to this Message Number of Subscribers
Check this out:

http://cgi.ebay.com/ws/eBayISAPI.dl...m=8363016403

Admittedly whizzed, but an issue which has fewer than 150 graded in MS by NGC and PCGS combined. Probably AU ignoring the whiz, so it's about a $400 coin otherwise. If you could have it for less than $100, would you?

I mean, it's pretty. :)

I'm not going to bid on it, but the question presents itself and I'm curious as to the forum's opinion.
Pillar of the Community
United States
2724 Posts
 Posted 12/21/2005  10:16 am  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
In AU this coin has a CDN bid-ask of $165.00 - $180.00 In MS-60 the bid-ask is $260.00 - $285.00

Being whizzed, the details are much sharper than they would normally appear. The color is also off a bit. Retoning the coin would help, but if this coin was offered to me, I would not more than VF money for it.

$48.000 - $53.00

This is a coin that may on a good day see XF details-whizzed by Anacs.
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shatsi's Avatar
United States
1541 Posts
 Posted 12/21/2005  12:11 pm  Show Profile   Bookmark this reply Add shatsi to your friends list Get a Link to this Reply
What's the meaning of whizzed? Is it the same as dipped?
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ndgoflo's Avatar
United States
626 Posts
 Posted 12/21/2005  12:32 pm  Show Profile   Bookmark this reply Add ndgoflo to your friends list Get a Link to this Reply
It's my understanding that "whizzing" a coin involves polishing it with a wire brush. I think that's a mighty fine looking Barber (and I don't like Barbers much). Someone help me see the whizzing so that I don't buy ant similar coins please.
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Flypaper's Avatar
United States
12 Posts
 Posted 12/21/2005  2:53 pm  Show Profile   Bookmark this reply Add Flypaper to your friends list Get a Link to this Reply
There's a good description of whizzing here.

http://www.coinworld.com/news/022805/BW_0228.asp

The pix aren't all that helpful, but the text covers it fairly well.

It would be a ....REAL..... service if the grading services maintained a gallery of enlargements of the whizzing they see and reject.

New Member
United States
37 Posts
 Posted 12/21/2005  4:19 pm  Show Profile   Bookmark this reply Add lou b to your friends list Get a Link to this Reply
Response to ndgflo. You have the method for whizzing pretty much correct but to teach you to recognise it is very difficult in many cases. Anacs and others use a 40 power glass to grade coins and they do not miss a thing. I have some beautiful coins I purchased 30 and 40 years ago and finding now from Anacs some of them are whizzed cleaned, ex jewelry and damaged, and none of these are discernable with the ordinary 4 power most of us like to look through. I do not sell coins, but I can tell you buying them is a risky business. Buy a coin because you like it, not because you think its a good deal(it probably won't be)
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Kyra's Avatar
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867 Posts
 Posted 12/21/2005  7:17 pm  Show Profile   Bookmark this reply Add Kyra to your friends list Get a Link to this Reply
I suppose if it was the only way I would ever be able to own an example of said coin, then I might consider it. If someone offered me a whizzed 1893-S Morgan at a cheap enough price, it would be a possibility....

Rachel [:p]
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longnine009's Avatar
United States
1247 Posts
 Posted 12/21/2005  7:37 pm  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
IMO, the 150 pop is not relevant. There are only five 1913 liberty Head Nickels that are known to exist. Should I view an altered 1912 for 10k as a good deal?

A whizzed coin is as bogus as a rubber blow up doll.
Edited by longnine009
12/21/2005 7:55 pm
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adobero1's Avatar
United States
363 Posts
 Posted 12/21/2005  8:41 pm  Show Profile   Bookmark this reply Add adobero1 to your friends list Get a Link to this Reply
I might buy it for bullion value only, or maybe a tad above. Of course, bullion is pretty high right now...

oops, forgot to mention, after buying it for bullion, then I'd probably drill a hole in it and put it on my keychain. That would be a nice conversation piece!
Edited by adobero1
12/21/2005 8:46 pm
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CiScO's Avatar
United States
458 Posts
 Posted 12/21/2005  9:04 pm  Show Profile   Bookmark this reply Add CiScO to your friends list Get a Link to this Reply
To answer your question on the topic title--ABSOLUTELY NOT!
Being that I got burnt 3 times buying $20.00 Gold Saints. 1 that was severely whizzed, (1908 No Motto), rejected for cert. by PCGS, 1 1924 that was "mildly" cleaned, and a gorgeous 1915 S that was "cleaned" according to NGC, has made me a anti-buyer of any coin(s) that has been "altered".. Unfortunately, back then, I did not even know what a whizzed or clean coin was or is, even to this day, I might have a problem detecting this (cleaned), perhaps not a whizzed coin because I now believe I can detect this very easily after educating myself on this. Cleaning on the other hand to me is harder to detect. I am still trying to get my arms around this problem.

My problem was --what do I do with these coins now? Obviously I could not go ahead and hide these facts and resell these beauties to an unsuspecting newbie or a vet with a clear conscious. It took me awhile on deciding on what to do with these guys, even tho the sellers of these "flawed" coins had noooo problems selling them to me. I contacted 1 of them and told him that NGC would not slab it cause it was cleaned. His reply was "So what? even so it is a beautiful coin". Obviously he no longer is on my buy list and when I now look at his listings all his coins now are "slabbed". I still will not buy from him again.

I finally decided on a solution. I made all 3 into jewelry coins. I went ahead and bought some bezels for them. I ended up selling the 1908 on ebay in a bezel, which recovered my costs and made a couple bucks. The 1924 I sold to a coin jeweler at the FUN show last year in Ft. Lauderdale for a 60-dollar profit. And the 1915 S, o yea this puppy is so pretty, an ms65 (or even higher perhaps) I kept for myself. I put a gaudy bezel on it & bought a thick $2k gold chain to hang it on and now it is my heavy-duty jewelry piece. Remember this, most jewelry coins are either damaged, & or have been "tampered" with at some point in its history. I of course made that clear when I sold those 2..
CiScO
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