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3 Legged Buffalo Question

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Author Previous TopicReplies: 12 / Views: 1,291Next Topic  
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lukkyseven's Avatar
United States
880 Posts
 Posted 01/05/2011  5:58 pm Show Profile   Bookmark this topic Add lukkyseven to your friends list Get a Link to this Message Number of Subscribers
Is it worth looking for an MS60-63 quality 3 legger unslabbed? Why I'm asking is because I feel like if you had one in that's legit in that condition then it probably has been slabbed.

Now I know I'll hear, make sure you know it's real blah blah blah... and I understand that. I have about 3-4 months before I make my purchase and I'm wondering if it'll be worth even looking for one unslabbed.

Then if it isn't slabbed, are they still going to be asking premium prices for it? Or will it be cheap enough to make a difference? I think I'll ultimately be searching for a "genuine" slabbed one, but who knows :)
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Moe145's Avatar
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8904 Posts
 Posted 01/05/2011  6:20 pm  Show Profile   Bookmark this reply Add Moe145 to your friends list Get a Link to this Reply

Quote:
if it'll be worth even looking for one unslabbed.



I think it is. Be VERY sure of the characteristics of the 3 Legger and make sure the one you bid on has a return policy if proven not genuine.

Then I would consider it...


Good Luck!
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lukkyseven's Avatar
United States
880 Posts
 Posted 01/05/2011  6:27 pm  Show Profile   Bookmark this reply Add lukkyseven to your friends list Get a Link to this Reply
I'm actually going to be looking at a big coin show that's coming to town at the end of March. I'm in the process of saving up the money for it :)
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Ca Dreamin's Avatar
United States
149 Posts
 Posted 01/05/2011  9:44 pm  Show Profile   Bookmark this reply Add Ca Dreamin to your friends list Get a Link to this Reply
I have never seen any fakes out there, but burn the pics in your brain of the real one, buy from a reputable dealer, and you shouldn't have any problems. The hard part might be finding one that high of a grade raw-haven't seen any in person like that for a long time.
Bedrock of the Community
United States
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 Posted 01/05/2011  9:56 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
I'm actually going to be looking at a big coin show that's coming to town at the end of March. I'm in the process of saving up the money for it :)


At coin shows always look through bulk, junk, bargain type boxes or bins on dealers tables. As to a 3 legged Buffalo. At a coin show I noticed they added an additional room due to an overflow of dealers. One dealer by the door of the new room had on his table a box of Buffalo nickels with a sign saying 3 for $1. I tried asking him why so cheap but he was blagging with someone so he said I just bought that mess and want to get rid of it. I picked up the first pile and here it was, that 37D 3 legged one. I tried to tell him but again he ruddly said I told you and the sign says 3 for $1. I picked up 15 and all in really great condition. Handed him a $5 bill and again tried to tell hom what I found and he grabbed the bill and returned to his conversation.
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USArmyParatrooper's Avatar
United States
1283 Posts
 Posted 01/05/2011  9:59 pm  Show Profile   Bookmark this reply Add USArmyParatrooper to your friends list Get a Link to this Reply
Why not just accept one in a slab and crack it out? That will greatly expand your search pool. I've also never known of a dealer who charges more for slabbed coins. A slabbed one certainly will pull higher premiums on ebay (with people be skeptics). But if you happen to find an Unc raw example at a shop or show, no doubt they will be demanding true Unc price.

Also, I would stay away from MS60-62. Most MS coins that are graded below 63 because they're lackluster in the eye appeal department. Either go with an MS63 or perhaps an AU58. AU58 coins typically have so little wear it's barely noticeable and they tend to have above average eye appeal.
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lukkyseven's Avatar
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880 Posts
 Posted 01/05/2011  10:12 pm  Show Profile   Bookmark this reply Add lukkyseven to your friends list Get a Link to this Reply
The slabbed ones are not out by any means. I just didn't know if I'd be able to find me a better bargain or not. And I'm hoping I'll get some better prices than what are on ebay anyway... might be just a hope though
Bedrock of the Community
United States
10284 Posts
 Posted 01/05/2011  10:13 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
I have a pretty hard time grading Buffalo nickels in the AU - MS range.
I would just try to buy the best looking coin for the best price possible with what I could afford, being sure I didn't over pay, take my own best guess at the grade and hope I did OK. A graded genuine professionally graded nickel can be MS63 but not be as pretty as an AU58 that really grabs ya.
I have seen fakes, they are usually in the lower grades like VF. Some of the tinkering can be disguised a little easier I guess on a lower grade coin.
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lewbo's Avatar
United States
58 Posts
 Posted 01/05/2011  10:47 pm  Show Profile   Bookmark this reply Add lewbo to your friends list Get a Link to this Reply
I would do my research, to understand what I was looking at then buy the best you can afford.
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robbudo's Avatar
United States
2757 Posts
 Posted 01/05/2011  10:58 pm  Show Profile   Check robbudo's eBay Listings Bookmark this reply Add robbudo to your friends list Get a Link to this Reply
Be aware of the cleaned ones that come out of their slabs for those shows. And ebay. And everywhere else.
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vermontensium's Avatar
United States
16677 Posts
 Posted 01/05/2011  11:25 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Hey carl, next time you see that dealer at the show, throw the now slabbed coin on his table, and tell him "heres what a buck bought me from you" ;-0
swcoin.ecrater.com
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USArmyParatrooper's Avatar
United States
1283 Posts
 Posted 01/06/2011  12:44 am  Show Profile   Bookmark this reply Add USArmyParatrooper to your friends list Get a Link to this Reply

Quote:
And I'm hoping I'll get some better prices than what are on ebay anyway...


You can't judge the prices based on BIN listings. The vast majority of those are pipe dreams from the sellers, or just the hopes that they find a sucker.

Look at completed listings for certified examples. Notice for every one that sold there's about ten that didn't sell, which of course are all those overpriced ebay stores. The completed listings (that have sold) are generally the market prices. And... almost all of the ones that actually sold were either auctions or best offers.

This isn't just true for 3 Leg buffaloes, it's that way for all coins. This is why when I'm hunting ebay I'm always tempted to just filter out every BIN coin. 99 percent of them are asking way too much. But in the end I always end up looking anyway... just to see.
Edited by USArmyParatrooper
01/06/2011 12:48 am
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lukkyseven's Avatar
United States
880 Posts
 Posted 01/06/2011  06:37 am  Show Profile   Bookmark this reply Add lukkyseven to your friends list Get a Link to this Reply
I'm having some problems grading higher grade buffaloes also. It's unfortunate because I thought I'd be able to pick it up pretty easy. At least I feel like I've gotten much better with Jeffersons and was quite excited to get into Buffs... I have some time to laern before I make this purchase though :). Darn me for wanting to work from newest date back lol!

Everyone might see some more posts from me in the future on Buffaloes
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