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 Replies: 19 / Views: 4,324 |
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Valued Member
United States
402 Posts |
Need some opinions. I have a chance to buy the following below. I will leave the prices blank but they are slightly below $200 for the NCG and slightly over $200 for the premium BU. a 1886-S slabbed NGC AU58 for $XXX--or--1886-S premium BU for $30 more from a Coin World vendor. Now Coin World guarantees at least an MS60 or better from any seller that uses the term BU. Its written in the rules in the advertisers index. I like the idea of the slab by NGC. I have never seen the coin from Coin World and it would also cost me more to get it certified. The NGC slab is coming from someone on ebay. Its a private deal, no listing. I have seen the coin. Do I buy a beautiful NGC AU58 or and unseen MS60. What would you do? I realize the final is up to me but want opinions. What would you guys do? edgman  |
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Pillar of the Community
United States
2120 Posts |
Usually buying slabbed, you are paying a premium on top of the coin's value. I personally like buying Raw coins for this reason. Plus, I dont trust private ebay deals... unless you personally know the guy. I think I would go with the Raw for a little more. |
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Pillar of the Community
United States
1882 Posts |
"Premium BU" better be a nicer coin than MS60. I'd rather have a nice looking AU58 than a lousy looking MS60 any day of the week. Is the return policy of the advertiser good enough that you could look at the coin and return it if you don't like it?
What is the denomination of this coin?
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Pillar of the Community
United States
763 Posts |
I agree with steve199. A lot of times an AU58 coin will look better than a lower grade MS coin. I also like the idea of buying something you have seen as opposed to buying something blind.
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Rest in Peace
United States
4849 Posts |
Quote:
"Premium BU" better be a nicer coin than MS60. I'd rather have a nice looking AU58 than a lousy looking MS60 any day of the week.  Also, you have to consider that even though the raw one may technically be "BU"; your chances are much higher that it has been cleaned or is a problem coin. Unless the value of a MS example in this case is far greater than an AU, I'd probably take the AU-58, having not seen either of them. |
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Valued Member
United States
300 Posts |
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Rest in Peace
United States
5375 Posts |
Sight unseen, I'd definitely rather take the NGC coin. But in general, I do try to buy raw coins in MOST cases unless its a commonly faked type. I started out more with slabbed coins though, but if you learn a series well enough, buying raw coins can be fine. Just have to be very careful.
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Pillar of the Community
United States
1534 Posts |
Remember that MS-60 is more of a generic grade and is difficult to really find. If you think you know enough about Morgans and can tell if a coin has been cleaned or is counterfeit, then there's nothing wrong with buying raw.
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Valued Member
United States
323 Posts |
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Valued Member
 United States
402 Posts |
Forgot the most important thing. These are Morgans. Didn't want to mention names but the premium BU would come from Skyline Coins who is a large advertiser in Coin World whom I trust. He has a return rule of 14 days for any reason. He also has a lot to lose if he sells cleaned or doctored coins. Coin World list BU as minimum of Mint state 60, but Choice BU as minimum mint state 63 and gem BU as mint state 65. Where premium BU fits in I don't know. If they are listed as BU or any form of it they must be at least these minimum grades. As for the slabbed coin its from an ebay dealer whom I know well and I have bought from before. Its not an ebay listing as such because I saw the coin at his house and it will be a private deal. My problem is I love NGC slabs. All of my Silver Eagles are NGC's 69 or 70. But raw in a strong BU is nice also. Welcome more opinions. Thanks again for the opinions. edgman |
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Bedrock of the Community
United States
10982 Posts |
Quote:
He also has a lot to lose if he sells cleaned or doctored coins. Your line quoted above jumped out at me. It's not that I don't trust this seller (never dealt with them) but cleaned/doctored/altered coins are everywhere and the seller can always claim ignorance and refund the money of the few people who buy from them and even realize they bought a problem coin. Believe me that it very few buyers! Me? I'd buy the NGC coin but neither of the prices sounds like a screaming good deal to me. If the 1886-S is a date you must have, I'd spend some time looking for a AU coin that is WELL under $200. |
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Valued Member
United States
402 Posts |
Been looking at those prices for months now. If anyone sees a slabbed AU58 for less than 175 please let me know. I called skyline and he said the coin should grade MS62. Also if I got the coin certified and it failed for any reason he would buy the coin back and pay for the certification. Out of 32 Coin World dealers $209 was the lowest by far for that grade. ebay is much higher for 86-S if you can trust them. I have a coin show to go to this Sunday and will scout around. If nothing I'm probably going to go with the slabbed NGC. Thanks again. Remember guys, no matter what your opinions are you wont hurt my feelings. edgman |
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Pillar of the Community
United States
870 Posts |
Edgman - another important thing that I think hasn't been asked - what do you plan to do with it? Are you keeping it for yourself or perhaps selling it on in a few years?
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Valued Member
United States
287 Posts |
I think I would go with the coin that I could actually see. A long time ago I bought a coin from a Coin World advertiser. It was supposed to be a Bust Half Dollar in XF. It had a great price. I received an F12. That thing went right back to the dealer. Should have known. |
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Moderator
 United States
15402 Posts |
My opinion ...... you would be giving up your major advantage as a collector if you purchase the unseen coin .... Quote:
I have never seen the coin from coin world Not intending to hurt any feelings ..... but the reason we all strive to gain knowledge is to make our own informed personal decisions about the aesthetics of a coin for our collections. The details of eye appeal, strike quality, and technical grade must be judged coin-by-coin .... and best if done in hand while armed with knowledge of the series. I just can't imagine allowing someone else make those decisions for me ...... regardless of their return policy. My vote FWIW .... go with the AU-58 that you have seen and are happy with. That's my 2c worth ..... David Take a look at my other hobby ... http://www.jk-dk.art |
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Valued Member
United States
402 Posts |
delaner To answer your question. My coins go to my 2 grandsons via a Trust. They cant cash them in until attaining a certain age unless its an emergency. Its already in my will. Only want the best for them. The AU58 is leading in my thoughts right now. Just saw a 86-S NGC MS63 on ebay bidded up to $326 and still had a few hours to go. edgman |
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Replies: 19 / Views: 4,324 |
Posted 05/18/2010 4:38 pm
