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Buying The Coin Not The Slab...

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coinguybrian's Avatar
United States
5375 Posts
 Posted 04/17/2011  6:43 pm Show Profile   Bookmark this topic Add coinguybrian to your friends list Get a Link to this Message Number of Subscribers
http://cgi.ebay.com/1912-D-BARBER-H...em35b14f4fe0



PCGS obviously doesn't know how to grade Barber halves very well...
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johnny54321's Avatar
United States
4849 Posts
 Posted 04/17/2011  9:02 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
what would you grade it? It looks close to me, maybe a 40, but I don't have much experience with barbers outside of type.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 04/17/2011  9:18 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Ouch. VF.
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DavidZerbato's Avatar
United States
1081 Posts
 Posted 04/17/2011  9:37 pm  Show Profile   Bookmark this reply Add DavidZerbato to your friends list Get a Link to this Reply
http://www.indiancent.com/4242-1871-au-55-ngc.html

Check out this link to Rick Snow's site. I don't now what NGC was thinking that day.
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johnny54321's Avatar
United States
4849 Posts
 Posted 04/17/2011  10:20 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
wow, yeah that indian should barely make VF. That would be one to purchase cheap and send in for a "re-grade" and have the difference in the value at the real grade paid for. I know you can do that with PCGS anyways.
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coinguybrian's Avatar
United States
5375 Posts
 Posted 04/17/2011  10:50 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
The 1912-D I would grade VF-35 on a good day...
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vermontensium's Avatar
United States
16679 Posts
 Posted 04/17/2011  10:53 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
Yeah, VF25/30
Probably last coin of the day, tired
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Edited by vermontensium
04/17/2011 10:54 pm
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cointagous's Avatar
United States
1143 Posts
 Posted 04/17/2011  11:05 pm  Show Profile   Bookmark this reply Add cointagous to your friends list Get a Link to this Reply
Im in the VF-35 camp on the half. Now the Indian cent grade is just obscene and you have to wonder under what conditions they had "three" graders agree on that one.
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vermontensium's Avatar
United States
16679 Posts
 Posted 04/17/2011  11:14 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
Wow, just saw the IHC. That coin may make XF. That's obvious circulation wear.
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biggfredd's Avatar
United States
9104 Posts
 Posted 04/18/2011  01:50 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
VF20 lists @ 282 + xf40 @ 390, so 400 is still a premium price. Then again that coin is a textbook vf, not au55.

Which brings up the problem with slobbing. If you offer to pay 400 for an au55 and someone sends you that coin, you have to honor your bid. Knowing it's out there, you can't offer more than 225 or so, which drags down the price of the legitimate au55s.

Thus the TPG, which is supposed to protect your investment is helping to destroy it.
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coinguybrian's Avatar
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 Posted 04/18/2011  02:47 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
Yeah, I can tell that AU-55 is a definite overgrade on that IHC even though I don't know the series much...
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KenRingold's Avatar
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594 Posts
 Posted 04/18/2011  1:24 pm  Show Profile   Bookmark this reply Add KenRingold to your friends list Get a Link to this Reply
And they both sold.
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junior e's Avatar
United States
931 Posts
 Posted 04/22/2011  9:18 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
I bought a 1929 Quarter Eagle in NGC MS61 on ebay. It had pretty good photos, so I felt fairly safe paying $425 for it. Luckily the dealer has a three day return policy. That thing has a slice in the background that ran all the way from the rim of the coin and right across ol' Injun Joe's chin. On the reverse there were three flat spots on the rim that looked exactly like three jewelry mounting prongs had spent a considerable amount of time holding it in place. I got on the phone to the dealer and had it back in the mail within two hours of opening the package. The girl on the phone was very nice, and I told her that I wasn't disappointed with the seller, but I certainly have doubts about what NGC calls a mint state coin. I'm going to be shipping some gold to NGC to be slabbed soon, and I feel a lot more confident that my Indians wont be coming home in a body bag.
Edited by junior e
04/22/2011 9:22 pm
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Bryan1315's Avatar
United States
14454 Posts
 Posted 04/23/2011  01:03 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
at least Rick Snow priced it at VF price instead of AU price
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Chadwick's Avatar
United States
271 Posts
 Posted 04/23/2011  5:45 pm  Show Profile   Bookmark this reply Add Chadwick to your friends list Get a Link to this Reply
This goes to show why I don't like buying slabbed coins. That and the fake slabs that are circulating from China like crazy. Most people don't want to break into a slab, and with these fakes, its the only way to know for sure if its a good counterfeit. Unfortunately, the counterfeiters are getting good.
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coinguybrian's Avatar
United States
5375 Posts
 Posted 04/24/2011  04:55 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
http://www.teletrade.com/coins/lot....053&lot=1313

Another overgraded barber...maybe VF-25 or 30 in reality?

And yeah, I don't like buying slabs unless its a trade or liberty Seated dollar...or some series I'm really unfamiliar with w/high value.
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