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 Replies: 26 / Views: 4,767 |
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Valued Member
United States
320 Posts |
So, here's what is now my 1909 S VDB...unfortunately the VDB didn't come out and I didn't notice that before putting away the camera. But it's there. I know this has been cleaned, and it has some PVC damage, but what's everyone think? Does it look legit, and what kind of value would one think this might have? I'm going to acetone it and then send it in for grading... since I have to declare a value for mailing it in and whatnot, what kind of value should I put? I had it looked at by my local coin shop, who quoted me $450-500, plus or minus, but that seems low to me. BTW this is an inheritance, will never ever be for sale so value really is moot except for the grading. Also this is my 1st photos through my microscope, which is pretty cool. Seems to work pretty good!      |
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Pillar of the Community
United States
1659 Posts |
Cool inheritance!  Check out this link regarding 1909-S VDB authentication: http://www.pcgs.com/articles/articl...l?artid=6062It looks to me like it's probably authentic. It looks like it has mint mark position #4. It doesn't look cleaned to me. Still has some mint red peeking through and I would guess it still has some cartwheel luster remaining. Looks like it has just a bit of wear so I'd say it has AU55 or 58 details. The gunk around the devices also suggests circulation. The $450-$500 that the dealer quoted is probably what they would pay for it. It's worth a lot more than that. If authenticated, this coin would most certainly have a 4-digit price tag even if it were only in a "Genuine" slab. |
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Bedrock of the Community
United States
10982 Posts |
There's a lot going on here with the verdigris, small scratches, plus the authentication issue. Your local coin shop liked it enough to give you a lowball offer so they thought it was genuine. There is not much wear on this piece and some luster remains so an AU Details grade is in order. Seems to have a shot at a problem free holder as well.
Nothing jumps out and screams fake but you already know that and I can't add more except to estimate a value. Ballpark retail as is around $1,000.
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Bedrock of the Community
United States
20753 Posts |
Check out https://www.coppercoins.com I would do as you said and dip in Acetone, rinse in distilled water, put in a 2x2 or plastic flip and keep as is. Since you do not plan on selling it, what would you accomplish by having it graded and slabbed? It looks like the real thing, is in really nice shape, so you would just be spending money for nothing. I put mine in my Albums.  If you use Albums, makes for a more completed set. |
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Bedrock of the Community
United States
19931 Posts |
Do NOT do anything to this coin, acetone or otherwise. I couple little specks of verdigris will not be a problem with the TPG's. That's an AU-55+ coin. I see no evidence of cleaning based on the pictures. Definately send it to PCGS and let us know what happens. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Valued Member
 United States
320 Posts |
Cool! I'm glad to hear a "good" report from everyone. I thought $450 was a bit low.
I want to have it graded for a couple of reasons. First, because at this point it is a family heirloom, and grading will help ensure that it always gets the special attention deserved "no matter what"...and it will stay seperated from all my other coins... second because I want to keep it in the best shape possible, and last because this will make it easier to assign a specific value to it, to ensure there's no questions later on "who got what" in terms of the inheritance.
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Valued Member
United States
320 Posts |
Thad-- thanks for chiming in... that white stuff is PVC damage, best taken care of by acetone... no? And it's probably going to ANACS, because I'm not a PCGS member, not that anacs vs pcgs should make a difference...
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Pillar of the Community
United States
3540 Posts |
I can honestly say that I would not use that dealer again. THAT offer is ridiculous. If this coin was in located in their display case, the price tag would be $1500.
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Pillar of the Community
United States
1547 Posts |
Quote:
I can honestly say that I would not use that dealer again. THAT offer is ridiculous. If this coin was in located in their display case, the price tag would be $1500. That's right. What do we make of that? SecretArgentMan, let me put it this way, you're plainly a man who lives a life of danger, because the price you paid on this SVDB couldn't be stranger. Let it alone. Submit it to ANACS. That'll resolve all questions. |
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Pillar of the Community
United States
3278 Posts |
Listen to BadThad and others here, send it as is, insured for at least $1500 (or more).
No doubt the coin is good and I don't mean condition wise.
Not that I don't agree with Carl, cause if it were mine I'd put it in my album also, but
your reasons to slab this coin are valid.
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Bedrock of the Community
United States
14454 Posts |
Quote:
SecretArgentMan, let me put it this way, you're plainly a man who lives a life of danger, because the price you paid on this SVDB couldn't be stranger. He said it was inherited, he didn't buy it. That price is what a dealer offered him, not what he paid for it |
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Valued Member
United States
320 Posts |
OK. thanks for all the input everyone. Sending it in makes sense, as I think about it... worst that might happen is it comes back as ungradeable due to PVC, then I acetone it or whatever, and resend. If it grades OK then I avoid any risk to ruining the coin.
Will send "as is" to ANACS in the next couple of days and see how it comes back.
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Pillar of the Community
United States
3278 Posts |
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Pillar of the Community
United States
1659 Posts |
Make sure to keep us posted! You'll have to post some pics when you get it back! |
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Pillar of the Community
United States
1406 Posts |
Great Job Secret Agent Man! I have read so many posts on this forum where the poster does not listen to everyone's suggestions even after they asked for them! You are to be commended for listening to the informed people hear and heading the advise of some well respected people. Sending the coin in 'as is' IS your best option right now so, RIGHT ON!! Can't wait to see how it all turns out!
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Bedrock of the Community
United States
19931 Posts |
Quote:
that white stuff is PVC damage I disagree unless you pulled it out of a PVC holder that was melted. PVC residue is slimy (organic) and not crystalized. Also, PVC creates verdigris (copper chloride) so in essence, it's one in the same. Based on the pictures looks like garden-variety light verdigris. The TPG's like PCGS like seeing a little trace of residue as it attests to the coins originality. I wouldn't send to ANACS, definately send it to PCGS IMO. The coin is much more valuable in a PCGS holder. You don't have to join. Find a trusted dealer that will submit it for you. My local dealer changes me a flat $25 per coin. |
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Replies: 26 / Views: 4,767 |
Posted 05/09/2011 01:28 am
