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How Did I Do On My First Coins Bust Half And Morgan?

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madlou22's Avatar
United States
89 Posts
 Posted 03/12/2011  01:42 am Show Profile   Bookmark this topic Add madlou22 to your friends list Get a Link to this Message Number of Subscribers
Hi, I'm only 15, but I just started buying coins about last week. I purchased a really nice bu 1878 Morgan from a reputable seller Click full description to see all the pics of the coin. http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWAX:IT I payed 73 bucks for it.

I also got a really nice 1826 Capped Bust half dollar. I paid $180 for it, so I hope I didnt get scammed. Here is the picture of the 1826 capped bust http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWAX:IT

So as of right now, those are my two coins. Personally, I really like the dates 1899 and earlier. It almost makes the coin seem really old, and it sounds a lot better. What would you choose? A coin from 1899 or 1900?
I know that key dates may be more valuable and all, but I am just interested in good quality coins (vg+-bu) and 1800's coins. Since I'm only 15, I can only spend so much on coins. Currently, my highest price for a coin was that 1826 bust half. I think I got a really good deal on it. If not, can you guys let me know so I can return it before the refund policy runs out?

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BH1964's Avatar
United States
10982 Posts
 Posted 03/12/2011  02:59 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
to CCF!

Both coins appear to be decent deals with the Bust Half maybe a touch high, but not out of line.

Being a Young Numismatist, you might consider visiting some coins shops or shows to get a feel for grading and pricing before spending too much more money. Raw coins on ebay can be good or bad (slabbed too for that matter) and you should try to develop some grading skills before buying pricey pieces.

The Morgan looks fine but that date/grade (MS63) is available to top tier certified holders for the same price or maybe a touch less. Watch those fingerprints too. The Half looks XF to me and won't be available problem-free for much less than what you paid.

Keep asking questions and have fun!
ANA #R3154474
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murrellington's Avatar
United States
3276 Posts
 Posted 03/12/2011  06:02 am  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
where are you getting that kind of money at age 15? I'm jealous. haha. I'm 22 so I'm at that stage where you are completely broke paying bills and for college working a low end job. not much spare money for my coin hobby.
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United States
759 Posts
 Posted 03/12/2011  07:05 am  Show Profile   Bookmark this reply Add OneBowl to your friends list Get a Link to this Reply
Maybe the Morgan was a bit high, but if you like it, it's all good. With the Bust Half, Great Southern auctions always seem to top out on the higher end of the price spectrum because their photography is second to none, but I don't think authenticity is ever an issue with them. Congratulations. Those at 2 nice coins to start. Now that you have 2 great keepers hopefully, you can research your next buy. Just be careful not to get caught up in the auction frenzy. It's easy to at the start.

And I've had the same preference for 19th century coins over 1900+ since day 1 of my collecting. Gold over silver. Silver over copper. Large over small too. 1888 over other dates. Just because. Welcome to the forum.
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Coinstar's Avatar
United States
1510 Posts
 Posted 03/12/2011  09:07 am  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
when I was 15 it think I had 10 dollars to my name.
Retired USAF 1983-2003
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Rayman311's Avatar
United States
489 Posts
 Posted 03/12/2011  10:20 am  Show Profile   Bookmark this reply Add Rayman311 to your friends list Get a Link to this Reply
Nice coins!

At 15 I was raiding my parents change jar to fill holes in my Lincoln and Jefferson albums.
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madlou22's Avatar
United States
89 Posts
 Posted 03/12/2011  12:00 pm  Show Profile   Bookmark this reply Add madlou22 to your friends list Get a Link to this Reply
Thanks everyone for all the great info! I just saved up my money until I knew what I wanted to buy... And those 2 coins were it :P.

Anyways,I am interested in the Barber half dollar for my next coin. It is relatively decent in price, and the obverse is just stunning. As always I am looking for an 1899 and earlier barber. Here are a few that I have in mind...

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWAX:IT

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWAX:IT

Here is the one I personally like
http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWAX:IT

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWAX:IT

Again, thanks for all the help!

~Louis
Edited by madlou22
03/12/2011 12:02 pm
Bedrock of the Community
United States
20753 Posts
 Posted 03/12/2011  1:14 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

And congradulations on having the mentality to use money wisely and have a decent hobby. Way to many kids of 15 are out of their heads on drugs. Your a bennifit to your family.
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madlou22's Avatar
United States
89 Posts
 Posted 03/12/2011  1:45 pm  Show Profile   Bookmark this reply Add madlou22 to your friends list Get a Link to this Reply

Quote:
And congradulations on having the mentality to use money wisely and have a decent hobby. Way to many kids of 15 are out of their heads on drugs. Your a benefit to your family.


I know right?! Some of my friends pay a ridiculous amount of money for drugs... First off they are terrible for you, and secondly, it's so expensive! I can preserve my money by buying coins, and even pass them down to my kids one day!
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coinguybrian's Avatar
United States
5375 Posts
 Posted 03/12/2011  2:28 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
Hi Louis,

Welcome to the forum! The Morgan looks reasonably nice (but I don't know much about them), but I would avoid greatsoutherncoin IMO. They exaggerate their coins with flashy photography. Take a picture of the 1826 once you get it so we can see its true color, but if it is problem free it was a fair deal. Most of the 'scamming' on ebay is more subtle than just getting a fake coin, but it can happen. Its happened to me before but I was able to force a refund.

Personally, I would start very slowly if you are new to ebay. That's the way I did it because I figured out that if I did not, it would be so easy to get ripped off. There are a million ways you can be gipped on there and if you ramp up buying slowly as you accumulate knowledge and experience, you stand to gain more. I think its a good approach to post stuff here before you buy it. You can also buy off forum members here once you have 50 posts. I could also send you some links to good ebay auctions for Barber half dollars, and give you a few more tips on buying if interested.

Here are my assessments of the three halves you posted links to (I don't mean to shoot you down)

The 1898-S half dollar from Portugal looks cleaned and scratched, but not bad overall. It may actually be polished based on the dullness on the cheek. AU in grade, and looks genuine at a glance (I would have to verify versus coins on heritage auctions (coins.ha.com) as I do for all expensive coins and particularly ones bought overseas). The needle sharp detail made me a little suspicious of it.

The 1898 from fairtraderz looks around VF-35, but looks to also have some problems. The surfaces just look off (environmental damage?). Fairtraderz is an okay seller IMO, but they often don't mention issues.

The second to last coin is definitely one you would want to stay away from, as it looks no more than VF-20 and harshly cleaned/treated with baking soda. Color is way way off.

The last coin is reasonably nice, but only around F-15 to VF-20 and you could do better in price.

Let me know if you have any questions. I'm fairly young too (turning 22 in a month) and its neat to meet other young people into coins, as there aren't many!

-Brian
Edited by coinguybrian
03/12/2011 2:33 pm
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madlou22's Avatar
United States
89 Posts
 Posted 03/12/2011  2:46 pm  Show Profile   Bookmark this reply Add madlou22 to your friends list Get a Link to this Reply
Thanks a ton for the info Brian! I never would have known how sketchy those barbers really are! Once I receive my 1826 half, I will post definitely post a pic and compare it to the one they took. I might also want to stop buying from ebay, and maybe buy from forum members or coin shops... I would hate to get ripped off on ebay.

I would really appreciate it if you could send me some links of 1899 and earlier Barber halves in vf-xf.

Thanks again!
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thecoinczar's Avatar
United States
455 Posts
 Posted 03/12/2011  9:17 pm  Show Profile   Bookmark this reply Add thecoinczar to your friends list Get a Link to this Reply
Madlou22,

You did very well on your two coins that you recently purchased! Especially on the half dollar. I don't really see you with a bad deal as long as you follow a few guidelines. If the coin is struck well and possesses eye appeal then go for it. If the coin is in mint state does it have a nice lustre about it? You should do O.K. if you follow these simple facts and you can't go wrong.
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ExoGuy's Avatar
United States
4415 Posts
 Posted 03/12/2011  11:04 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Welcome aboard, Lou. Older collectors like myself are always glad to see a young collector take a serious interest in the hobby. You have a discriminating eye and are off to a great start in forming a quality collection. Most young collectors I've encountered tend to be more interested in bulk coins and plugging holes in books; this, akin to playing bingo - the way I started! Your approach is more sophisticated as evidenced by your purchases, also your presence on this website ... kudos!

IMHO, the best advice herein given is to seek out a coin club and attend shows in your area. You'll find that some dealers and club members will be quite encouraging and helpful.
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ErrorCoins222's Avatar
United States
1699 Posts
 Posted 03/13/2011  3:59 pm  Show Profile   Bookmark this reply Add ErrorCoins222 to your friends list Get a Link to this Reply
Barbers can be tough! Many of them, especially the ones in the good range tend to have issues whether its scratches or cleaning. Many ebay auctions have pictures that really hide some of these issues and it makes it even harder to find problem free barbers. Good luck.
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Piffin's Avatar
United States
299 Posts
 Posted 03/13/2011  6:02 pm  Show Profile   Bookmark this reply Add Piffin to your friends list Get a Link to this Reply
More applause to you for taking up this hobby with thought and study.

I do buy a lot of mine on ebay, but I probably look at 200 coins for every one I bid on. Thgat, and doing comparativee grading helps me develope my eye for good coins.

By comparative grading, I mean this - I look at one that is graded by a good third party grading service ( not the basement slabbers) hand ask myself if I would grade it the same an d what it is that makes the coin have the assigned grade to it. I look at pictures in the books and periodicals to compare my grade to that assigned by pros to see where am I wrong. Over time, I get better and better. I still buy for my own pleasure though, so I don't conceive of getting scammed. I enjoy the coins I have bought.

My collection is 95% Morgans too, so I have learned comfort level with that series of coin. For some reason, I really like the 78S. Probably have half a dozen of them. They stand as unique with that concave Eagle's breast and the parallel feathers on the arrows.
It looks like yours has fingerprints on both sides. That is one thing that I find a devaluing distraction so I do not bid on a coin with fingerprints showing.
Keep that in mind for yourself too - always handle a coin by the rim edge and preferably with clean soft gloves to preserve your investment value going forward.

Good luck
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madlou22's Avatar
United States
89 Posts
 Posted 03/13/2011  7:44 pm  Show Profile   Bookmark this reply Add madlou22 to your friends list Get a Link to this Reply
Hey guys, good news! My Morgan finally came, and she's a beauty! Tell me what you guys think!

*EDIT* I am really sorry about me constantly editing this post. The pictures just won't seem to be showing up. Please don't think I am bumping this or anything. Sorry!

How-Did-I-Do-On-My-First-Coins-Bust-Half-And-Morgan?

How-Did-I-Do-On-My-First-Coins-Bust-Half-And-Morgan?

Edited by madlou22
03/13/2011 11:30 pm
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