Please Help Asap

Dunno bout this myself but Heritage has one here: http://coins.heritageauctions.com/c...8&Lot_No=373

It's going for a lot more than the one your interested in. I gotta wonder what the difference is and why the big price range. Sounds too good to be true to me. Who is yours cerified by?

I gotta add if you're looking to buy for investment you really need to do your homework and know what you're getting before you start putting money into buying. I don't mean to insult you but if you hafta post in here at the last minute looking for advice on prices then maybe you're not ready to invest just yet.

You seem to have a good idea in buying quality, folks that know seem to recommend that quite often, but I'd hate to see you, or anyone else, investing serious money and then find out the pitfalls the hard (and expensive) way. Again, I really, really, hope you take this the right way but make sure you have a good idea of what you're doing before you try to make money at this.

Also, the RedBook is more a source of information than a price guide.

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Originally posted by TSOTL

I gotta add if you're looking to buy for investment you really need to do your homework and know what you're getting before you start putting money into buying. I don't mean to insult you but if you hafta post in here at the last minute looking for advice on prices then maybe you're not ready to invest just yet.

You seem to have a good idea in buying quality, folks that know seem to recommend that quite often, but I'd hate to see you, or anyone else, investing serious money and then find out the pitfalls the hard (and expensive) way. Again, I really, really, hope you take this the right way but make sure you have a good idea of what you're doing before you try to make money at this.

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I'm not insulted. $300 isn't a serious investment for me. I would look at it as putting $300 into a savings account that I can't spend. I could plunge a few thousand into a coin(s), but I'm not ready to do that.

The price it was at just seemed too good to be true, and still does IMO. Unless someone can tell me otherwise $204.50 for a MS-66 3CN.

Whew, that's good. A couple hundred is a big chunk of money to me so I was a bit worried. I get that way.

Anyhoo, it sounds like someone got a pretty nice coin but I doubt it was worth thousands or there would have been people pushing up to that area.

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Originally posted by dsking

I agree. The last few minutes of an auction is not a good time to be asking for advice. A link to the particular auction site may have been helpful to facilitate a better and perhaps quicker response. I also agree that the bidding is awfully low if the coin is truly MS66. Buyer beware where "investments" are concerned as well and also with e-bay in some cases. IMHO

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Here it is. Tell me what the catch is.

http://cgi.ebay.com/VERY-RARE-1866-...NR_W0QQitemZ150044906590QQihZ005QQcategoryZ3356QQrdZ1QQcmdZViewItem

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Originally posted by TwoKopeiki

The "catch" is that the grading company is ANI. You can read about them on the TPG forum here:

https://goccf.com/t/7366

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Wow. I feel much better about "missing" a bidding opportunity. So pretty much I should ignore any TPG companies besides PCGS, NGC, and ANACS?

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Originally posted by TwoKopeiki

Until you learn to grade accurately yourself and have to rely on a TPG - yes. I know you've heard this many times already, but I will say it again ... and again ... and again - buy the coin, not the slab.

BTW, here's another post about "ANI" grading:

http:// (046) Not Allowed - Auto-Removed &threadid=492007&highlight_key=y&keyword1=ANI

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The thing is, I don't feel confident grading on my own. At the same time I would like to build a nice portfolio of coins, and I don't want to "invest" in a coin by paying for an overgraded price. I really like old coins, and I more or less look at them as a way to put money away in a manner that I ejoy.

USA,

The old adage, if it sounds to good to be true, it probably is, seems warranted in this case. I concur about the ANI slab. If is had been PCGS or NGC or ANAC, then you would be onto something. But the number of ABC grading services astounds me, and I haven't been here that long.

The difference between MS66 and MS64 can be a lot, and (I haven't read the threads on ANI yet) I bet they over grade two to three grades verses the big two.

You need to buy some books on coin grading. Photograde (I just got my copy the other day ) gives you some great info, and there are other books as well. The more you learn, the easier it will be for you to spot the uh oh auctions. And, it's hard to grade a coin form a picture on the Internet too. But, I would compare the auction picture to whatever similar coins you can find on https://www.heritageauctions.com (you can sign up for free and be able to search their archives as well). Their coins are graded and you can see pictures of multiple graded coins of the same kind as you are interested in. With a book on what to look for, and those pictures, you should be well on your way. I think you did well not bidding on this one.

And, if you are looking at ebay, go to this site and type in the seller's screen name. It will give you all the negative and neutral feedback on them. Very, very important when bidding on expensive items like coins:

http://toolhaus.org/