Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
300,000 items to help build your collection! Join Thousands of Coin, Bullion, & Money Collectors Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Shop for APMEX Bullion on eBay!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Taking Gambles

To participate in the forum you must log in or register.
Author Previous TopicReplies: 12 / Views: 1,063Next Topic  
Pillar of the Community
xshift's Avatar
United States
2669 Posts
 Posted 02/01/2009  12:45 pm Show Profile   Bookmark this topic Add xshift to your friends list Get a Link to this Message Number of Subscribers
There's good cherry-picking fodder at yard sales, estate sales, etc.. but when they're located online, sometimes the pictures are so bad you can barely see what the item is, never mind its condition. Sometimes you can get some details from the description, but not always, especially when the only information is the title ("Coin") and nothing else.

I was perusing the coin inventory of one such online estate sale last week, and among the usual slew of common-dated coins, I came across a couple of potentials. There was a 1905-O Barber quarter, an 1893 Morgan, and another one I'll get to in a second.

Pictures were terrible on all these coins, but I could at least see there was enough wear on the Morgan that it was between Good and Fine, and at the time the bid was $12.

The quarter was in about the same shape, and was at $4.

The third coin was listed as a 1856 Two Cent. Thinking the person had just transposed the last 2 digits, I went to look at the picture. Typical very fuzzy, but enough for me to tell it had a seated liberty obverse. Scratch that idea, 2-cents don't have that obverse. So what could it be? From the size of the 2x2, it's about the size of a dime or Half Dime, which do have that obverse in 1856. But the coin in the picture looks copper. It doesn't look like dark toned silver, it really looks copper. Simply a super-dark-toned dime or Half Dime? Wrong planchet error? A fake?

So.. fuzzy pictures, wrong descriptions (which raises the question of wrong descriptions on the first 2!), plus there is never a picture of the reverse.. would you gamble on any of these?


Moderator
Learn More...
John1's Avatar
United States
56855 Posts
 Posted 02/01/2009  1:08 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
If you consider silver value alone you won't have much of a loss,just a thought.John1
Moderator
Learn More...
SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/01/2009  2:46 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
would you gamble on any of these?


YES!

Um, after careful consideration.
Valued Member
phdezra's Avatar
United States
60 Posts
 Posted 02/01/2009  8:53 pm  Show Profile   Bookmark this reply Add phdezra to your friends list Get a Link to this Reply
Part of the online *fun* of collecting is just such gambles (once in a blue moon, not considering the more serious searches for particular coins). Usually, nothing beats viewing coins in person. Personally, unless I know the seller or can discern his reputation to be excellent, I use "play" money of around $100 which I set aside every few months for these such online gambles.

Go for it (and let us know how it turns out)!
Edited by phdezra
02/01/2009 8:54 pm
Pillar of the Community
xshift's Avatar
United States
2669 Posts
 Posted 02/02/2009  1:12 pm  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply

Quote:
YES!

Um, after careful consideration.




Thanks for all your thoughts. I actually had gone for all these (after careful consideration, of course ), but just wanted to see if I was the only one willing to gamble! (ending bids were only slightly higher!) Coins won't arrive for 1-2 weeks, but we'll see then how well we called it
Valued Member
PennehChaos's Avatar
United States
311 Posts
 Posted 02/03/2009  11:20 am  Show Profile   Bookmark this reply Add PennehChaos to your friends list Get a Link to this Reply
The pictures were so bad that you couldn't even tell the dates? I'd certainly gamble more than $12 on an 1893 Morgan dollar if the date were legible in the photo! (as long as the seller wasn't in China)

I gamble on quite a few sub-$20 auctions... I've gotten a fair bit of junk, and get outbid on a ridiculous number of them, but every once in a while I've gotten some pretty lucky scores that make it worthwhile. Which reminds me, I need to find time to pick up my lot of 100-odd unspecified buffalo and War Nickels...
Bedrock of the Community
United States
20753 Posts
 Posted 02/03/2009  12:50 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I wouldn't but then I seldom ever use ebay or any on line auctions.
Some come out fantastically. For example I know someone that bid $5 on a $5 Gold coin and won it. The seller even paid for the postage and it was real. Then too someone else I know got something for $100 on ebay that he found later in a coin show for $20.
You never know.
Pillar of the Community
xshift's Avatar
United States
2669 Posts
 Posted 02/19/2009  4:18 pm  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply
Ok, the coins arrived.

--The 1856 two-cent is a Half Dime. Looks a bit coppery due to being dirty, and I think the rest of the coppery color in the photo came from their lighting. Not a bad deal.
--The 1905-O quarter is about what I expected and I didn't overpay
--The 1893 (which, by the way, I could NOT discern the date in the one picture) showed up with a CC mintmark! Faint and looks like someone tried to scratch it off (very odd) but it's there. I about fell out of my chair!


Pillar of the Community
basicbob101's Avatar
United States
819 Posts
 Posted 02/19/2009  4:39 pm  Show Profile   Bookmark this reply Add basicbob101 to your friends list Get a Link to this Reply
Nice, Good hunting! BTW, I would make that gamble and others similar, was going to post that as I read the thread but got to the point where the answer was revealed but wanted to post my response anyway. I have won a few good items that way, overpaid on a few....some rained out (outbid) but I enjoy the process and don't think I have made any seriouos mistakes...more to my gain than loss.

Also, just a note since I mentioned hunting. Did you know that "vegetarian" is an old indian word for "lousy hunter?"
Pillar of the Community
chris12018's Avatar
United States
2130 Posts
 Posted 02/19/2009  9:26 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
Pillar of the Community
chris12018's Avatar
United States
2130 Posts
 Posted 02/19/2009  9:27 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
Great find!
Pillar of the Community
xshift's Avatar
United States
2669 Posts
 Posted 02/19/2009  11:07 pm  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply
Thanks, all

I posted pictures of the Morgan in the grading forum: https://goccf.com/t/42979 (I wasn't sure whether I should post the mint mark question in the variety/error forum or in the VAM one or what..!)

As you can see, the mint mark is VERY faint - I don't blame them for missing it. Opinions welcome!
Valued Member
United States
429 Posts
 Posted 02/22/2009  9:49 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
If it is not that much for the coin then I say go for it, the worst you are out is the price of the coin. I have lucked out on a few Large Cents from ebay doing this as well. The best purchase was for a set of four coins in lower condition and some type of problem, the seller listed and described the first three but left the forth one off. Because the pictures were a little fuzzy it was hard to see everything but you could tell the forth coin was in a lot better condition and the others would be great fillers. When I finally got my coins luck was with me and I had ended up with a medium grade coin so paying $16 for three fillers and receiving a $50+ coin with them was well worth it. Now, if I could just have your luck when I look at Morgans.
  Previous TopicReplies: 12 / Views: 1,063Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.37 seconds to rattle this change. Forums