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First Trip To Coin Show. Help Me Understand My Purchases

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New Member

United States
33 Posts
 Posted 07/21/2018  8:14 pm Show Profile   Bookmark this topic Add Nonna to your friends list Get a Link to this Message Number of Subscribers
I found a coin show near me this weekend. It was my first one to go to. It was a lot of fun and I can't wait to go to the next one. Next time I am going to be more careful with my purchases and buy better quality items. This time, I found a bargain bin. 1/2 off. Please look at and tell me if you think I paid too much. I only noticed the imperfections once I got home. Under the regular lights there, everything looked great.


First-Trip-To-Coin-Show.-Help-Me-Understand-My-Purchases
First-Trip-To-Coin-Show.-Help-Me-Understand-My-Purchases


First-Trip-To-Coin-Show.-Help-Me-Understand-My-Purchases
First-Trip-To-Coin-Show.-Help-Me-Understand-My-Purchases
First-Trip-To-Coin-Show.-Help-Me-Understand-My-Purchases
First-Trip-To-Coin-Show.-Help-Me-Understand-My-Purchases
First-Trip-To-Coin-Show.-Help-Me-Understand-My-Purchases


Here are my concerns

1894 Penny..the black stuff on the back. Is this is what is know as beginning of black death?

2012 Silver S mint quarter.. I see a scratch under ther "R" of Liberty.

19983 V Nickel, I noticed a lot of cut marks around the edges. What does this do to the value of the coin?

The Buffalo nickel. The pink/ orange/ brown tint on the back is that a good thing or a bad thing?

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moxking's Avatar
United States
17900 Posts
 Posted 07/21/2018  9:04 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Assuming you said half of list, it's okay.

But I agree with you to choose quality over quantity.

Use your budget to buy the coin you love the best in your price range.
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jimbucks's Avatar
United States
4692 Posts
 Posted 07/21/2018  10:33 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Well, at least you should learn from this.
1894 Penny..the black stuff on the back. Is this is what is know as beginning of black death?
- Can't tell from your pic

2012 Silver S mint quarter.. I see a scratch under ther "R" of Liberty.
- Pretty much kills any value over face

19983 V nickel, I noticed a lot of cut marks around the edges. What does this do to the value of the coin?
- Damaged common coins, will always be damaged and common. Little value

The Buffalo nickel. The pink/ orange/ brown tint on the back is that a good thing or a bad thing?
- This can not be a good thing. Acetone may remove it.
Edited by jimbucks
07/21/2018 10:38 pm
Bedrock of the Community
United States
10284 Posts
 Posted 07/21/2018  10:39 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Many newcomers are drawn to the bargain bins. Well, the risk of paying too much is low but those coins in there are there for a reason.
These are all nice coins to get started out with, and I can't knock them at all, but if you stay with the hobby, I suggest you pick a niche and learn as much as you can in that area on grading and pricing and what makes one coin better than the next.
I would rather come home with one coin that makes me giddy than 5 or 10 that I later wonder why I bought them.
You did come here to get some feedback, which is a good thing and I doubt you are financially in trouble after the day at the show.
I hope you spent a lot of time studying other coins at the show that you didn't buy. A coin show is an excellent resource, being right there in person to look at them. Most dealers are fair and will help you with questions but not all are.

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basebal21's Avatar
13014 Posts
 Posted 07/21/2018  10:49 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
2012 Silver S mint quarter.. I see a scratch under ther "R" of Liberty.
- Pretty much kills any value over face


It's silver, worth melt
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jimbucks's Avatar
United States
4692 Posts
 Posted 07/21/2018  11:12 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
If it makes you feel any better, many of us have made much more expensive mistakes, even though we should have known better. I bought this coin a few years ago when there was a lot of hype over toned coins. It's probably worth about 1/3 of what I paid for it (on a good day).
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spru's Avatar
United States
12477 Posts
 Posted 07/22/2018  01:49 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply

Quote:
I suggest you pick a niche and learn as much as you can in that area on grading and pricing and what makes one coin better than the next.
I would rather come home with one coin that makes me giddy than 5 or 10 that I later wonder why I bought them.


That's great advice from TNG. It seems you are on your way to that step, Nonna. Keep developing your grading skills and hone in on a specific goal/set.
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John1's Avatar
United States
56855 Posts
 Posted 07/22/2018  05:12 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Nonna,
Always best to go in prepared. Make a list of what you want or need including current values. Use ebay sold values and http://www.numismedia.com/rarecoinprices/fmv.shtml
Bring a 16x or less loupe with a built in light, is even better for errors and varieties and a 10x for everthing else.
Make a walk through the whole show before buying.
John1
New Member
United States
33 Posts
 Posted 07/22/2018  06:43 am  Show Profile   Bookmark this reply Add Nonna to your friends list Get a Link to this Reply
Thank you all for your replies and feedback. There is another show in September. I plan to go in armed and dangerous .
I think I work on wheat pennies ( what I have the most of) and few walking Liberties. I think they are a pretty coin. I have already discovered they can get pricey in good condition. I like the idea of writing down a few sought after coins and their years and knowing their value, production,eBay rate etc. I am thinking about getting one of those small pockets spirals. I will study grading more on these coins. And I think most dealers were fair, but I did see a 1914s penny for $28 that had a small V shaped scratch on the front by the face. It made me leery. I do have a pocket magnifier with a light ( I need it with my eyesight)... I just forgot it #9785;#65039;
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John1's Avatar
United States
56855 Posts
 Posted 07/22/2018  06:53 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Here is a good source for learning to grade https://www.PCGS.com/Photograde/
John1
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United States
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 Posted 07/22/2018  08:53 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Look up coin shows here with the search tab. Also, read any posts here about coin shows. From my experiences with coin shows is the lighting is normally not the greatest for finding details on coins. Sort of like the lighting at a used car lot. Lighting sort of makes things look better than they are. Go to as many coin shows as you can find. Usually if smaller ones the dealers are the same ones and as you get to know them, they sometimes will actually help you. Get a good coin book like that Whitman Red Book.
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 Posted 07/22/2018  09:33 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Nonna ,I agree with most comments above . I know it's hard for a newbie to stay away from those bargain bins that say 1/2 off . But if you must look through them have your pocket mag ready and scrutinize the coins you like . If you look hard enough you could find some decent coins in those bins . Right now we can see your just picking apples off a cherry tree . Time to get your priorities straight .Pick a favorite coin or two and just buy those to start a set. Try to obtain the best grades that you can afford .
No need to get all your coins fast ; I've been coin collecting for 50+ years and I'm still adding coins to some of my sets .
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Andrew99's Avatar
United States
1533 Posts
 Posted 07/22/2018  10:00 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
I should have a bargain bin at a show, but I can't spend the time to jack prices up to where I can offer half off on coins in 2x2s. I'd have to repackage all of them. If a dealer has a ton of coins in a half off bin I'd be highly suspicious of his pricing on things not in the bin. My experience with half off bins is that things in those bins are priced at close to retail after the half off.
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chesterb's Avatar
United States
1261 Posts
 Posted 07/22/2018  12:01 pm  Show Profile   Bookmark this reply Add chesterb to your friends list Get a Link to this Reply
To answer your questions in a little more detail:


Quote:
1894 Penny..the black stuff on the back. Is this is what is know as beginning of black death?


I don't think so. Its probably a little dirt which I happen to like around the devices of the coin because it makes the details stand out and looks more natural to me for an old coin.


Quote:
2012 Silver S mint quarter.. I see a scratch under ther "R" of Liberty.


Unless you buy a coin with absolute pristine surfaces that you intend to get graded by a 3rd party grading company then the scratch probably does not effect value much. This is a learning experierence so next time you'll know what to look for and avoid. Still has silver in it and is worth the cost of silver.


Quote:
19983 V nickel, I noticed a lot of cut marks around the edges. What does this do to the value of the coin?


Yes these cuts will effect the value. But if you purchased it for $7 then just realize it's another learning opportunity. Not the worst mistake I ever made. Haha


Quote:
The Buffalo nickel. The pink/ orange/ brown tint on the back is that a good thing or a bad thing?


Just a toning streak. Common on Buffaloes and not a big deal. I disagree with jimbucks and don't think acetone will remove it.

Overall, you were smart to start out with bargain bin coins to learn. As stated I probably made much more expensive mistakes when I started out. Plus Coin Shows are not always the friendliest places for newbies. Dealers can sniff them out and you end up purchasing a much more expensive problem. Start out small, learn, ask questions and then you'll be a much more educated collector with a discriminating eye like chesterb
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Conder101's Avatar
United States
17884 Posts
 Posted 07/23/2018  11:30 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
My experience with half off bins is that things in those bins are priced at close to retail after the half off.

That has been my experience as well.
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