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How Much To Spend On Raw Coins?

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Mindbender's Avatar
United States
7 Posts
 Posted 02/07/2022  6:00 pm Show Profile   Bookmark this topic Add Mindbender to your friends list Get a Link to this Message Number of Subscribers
https://www.ebay.com/itm/265524575786

This ebay auction got me thinking. How much are you comfortable spending on a raw coin sight unseen (except for pictures)?

I'm not interested in this particular specimen but was thinking about spending $100-$150 on another Buffalo nickel.
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PlumCrazy814's Avatar
United States
883 Posts
 Posted 02/07/2022  6:19 pm  Show Profile   Bookmark this reply Add PlumCrazy814 to your friends list Get a Link to this Reply
That is a very good question. Not sure I have a good answer. But I'll try.
I would be hard pressed to pay that for a raw Buffalo nickel based only on pictures.

I would expect to have the option of returning for a full refund if I did.
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Ploopy's Avatar
United States
1788 Posts
 Posted 02/07/2022  6:24 pm  Show Profile   Bookmark this reply Add Ploopy to your friends list Get a Link to this Reply
They have a decent amount of high grade coins for sale all the time but I've always been wary of their stuff because the lighting in the photos can tend to wash out luster and it is hard to judge surfaces with that kind of warm light. They seem like a good seller with 100% feedback, and the coin looks to be accurately described but I would not bid full price on it.
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NumisRob's Avatar
United Kingdom
17890 Posts
 Posted 02/07/2022  6:27 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply

Quote:
How much are you comfortable spending on a raw coin sight unseen (except for pictures)?

It depends who's selling it. The most I've ever spent on a coin on ebay was just under $1,000 but it was from a reputable coin dealer who has been in the business for years. I wouldn't spend a lot on a coin from someone with a low feedback score who obviously didn't normally deal in coins. As a UK collector, it's quite unusual for British coins to be slabbed anyway.
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kanga's Avatar
United States
5825 Posts
 Posted 02/07/2022  6:57 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
For that amount of money, No Slab = No Interest.
Valued Member
United States
202 Posts
 Posted 02/07/2022  7:01 pm  Show Profile   Bookmark this reply Add apcol258 to your friends list Get a Link to this Reply
Assuming it's ebay and depending on the coin, it could be worth the $10 for an expert review by NGC.

https://www.NGCcoin.com/expert-review-ebay/

For what it's worth they will provide an estimate on authenticity and grade. If the coins authenticity is inconclusive based off of the sellers photos you get a full refund. If only the grade is inconclusive you get a $5 refund of the $10 cost. That said there are no guarantees, just 'preliminary opinions'. For a raw high value coin though $10 isn't much.
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MisterT's Avatar
United States
2003 Posts
 Posted 02/07/2022  7:30 pm  Show Profile   Bookmark this reply Add MisterT to your friends list Get a Link to this Reply
Something looks funny about the reverse rim on that one. I would have to inspect it first hand before I would lay down that amount.
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T-BOP's Avatar
United States
18456 Posts
 Posted 02/07/2022  8:17 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I don't like the color of that coin . That is not a monster BU toned Buffalo nickel . When purchasing the Nickel that you want It's your choice of a raw or graded coin .If your looking at a high end Buff with all the bells and whistles then I would go with PCGS or NGC .
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jacrispies's Avatar
United States
3848 Posts
 Posted 02/07/2022  9:12 pm  Show Profile   Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
It all depends on the situation to determine how much I will spend. If it is blurry photos, unexperienced coin seller, vague description, and accepted returns, I may take a shot. I wouldn't mind putting down a few hundred, but I wouldn't go more than $1,000 on blurry photos. Occationally I contact the seller to get more context on the item.

Of course I am not careless or ignorant with that amount of money, but sometimes you need to take a risk to get a great deal. I've been lucky a handful of times.
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hfjacinto's Avatar
United States
7273 Posts
 Posted 02/07/2022  9:16 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
If I can see a coin myself I'm much more willing to spend more for raw. If it's on ebay I'm usually reluctant spending more than $50 for raw. There are several online retailer (not ebay) that I have spent a few hundred on a raw coin/bill.
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TimNH's Avatar
United States
416 Posts
 Posted 02/07/2022  9:16 pm  Show Profile   Bookmark this reply Add TimNH to your friends list Get a Link to this Reply
As others have said, the more reputable the seller, the higher I'll go. For the typical regular seller on ebay w/ say 300 feedbacks and 99% positive, my limit is $100 or so, maybe $150 if the pics are really good. For an established dealer (as this one appears to be), I'd have no problem w/ a lot higher, especially if it allowed returns.

That said, I don't know how returns would work with raw coins. Seems it would be all too easy to pull the ol' switch-a-roo.
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Ty2020b's Avatar
United States
4680 Posts
 Posted 02/07/2022  10:04 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
As others have said, it comes down to the photos and the seller for me. Great photos, solid seller, with a good return policy=no real price limit.

Now onto this coin. It's a one look pass for me. Looks cleaned to me. That in combination with the reverse rim scratches, pass. I've seen nice examples from this seller, and I've seen plenty of cleaned examples.
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John1's Avatar
United States
56855 Posts
 Posted 02/08/2022  04:23 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
We can give a grade estimate here on CCF for free before you buy
John1
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Slider23's Avatar
United States
4468 Posts
 Posted 02/08/2022  09:53 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
My limit is around $200 on a raw coin purchased online. In today's market it is not cost effective to send in most coins under $200 for grading because of the high cost of grading fees and shipping. The TPG grade provides a second opinion on grade and authenticity for coins over $200.
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United States
20753 Posts
 Posted 02/08/2022  10:15 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I would never spend even one cent on ebay.
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jbuck's Avatar
United States
187702 Posts
 Posted 02/09/2022  10:29 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I would never spend even one cent on ebay.
If I followed that advice I would not completed my PCGS Ike set.
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