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Collecting Conundrum

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barryg's Avatar
United States
5855 Posts
 Posted 08/31/2011  4:05 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
All right, anybody care to give me an opinion on this 1917 SLQ currently up for auction on ebay:

http://www.ebay.com/itm/1917-P-STAN...em415ce9327a

The Buy It Now price seems reasonable enough and it has enough details to make me happy. It doesn't appear to have any luster whatsoever, though. I can't tell if it has been improperly cleaned or whether it's just the picture (I've discovered that using my scanner instead of a camera to take pictures also produces a very dull-looking matte effect).

Thoughts?
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Gyrene7483's Avatar
United States
1704 Posts
 Posted 08/31/2011  4:54 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
For the early type coins your best bet is probably going with slabbed coins and removing them to put them in your album. Save the label for each so that if ever you decide to sell the album the scarcer type coins are already graded and you won't have to worry about getting cheated on the grade.

Ed
ANA LM-3175
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cipster's Avatar
United States
2362 Posts
 Posted 08/31/2011  5:42 pm  Show Profile   Bookmark this reply Add cipster to your friends list Get a Link to this Reply
I agree with #1 and #2. I often break out slabbed coins and set them free unless I'm looking to resell them. Regarding raw coins - I've used the resources of these talented forum people and received great support.
Member ANA and EAC

"You got to lose to know how to win".
Dream On by Aerosmith
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studio's Avatar
United States
56 Posts
 Posted 08/31/2011  6:38 pm  Show Profile   Bookmark this reply Add studio to your friends list Get a Link to this Reply
I'd go with option 1 but I'd take 2 if I could get an extremely good deal.

I've been working on what I call the "bargain bin 7070" meaning no coin in there is over the price listed on the highest bargain bin at my local coin shop (so, nothing over $40 bucks). As such, I'm quickly approaching your conundrum myself. What to do about those Trade dollars, etc.?

I can tell you one thing I learned: hunting for coins out in the wild has made me learn a thing or two really quick and has actually increased my love of collecting more than simply bagging and tagging slabbed coins. And this site has been uber-helpful in my education.

But the key here, I think, is cherrypicking. Know the ballpark price and know the coin (I study the photograde to give myself a burned in mental image of what I'm after at the moment and average a couple of price guides for the ballparks) and cherrypick like blazes.

Also, I'd say, is look everywhere for coins. ebay, online coin shops, brick and mortar coin shops, etc. etc. etc. As has been my experience there's always an odd coin out there somewhere that is just waiting for someone to buy it really cheaply.
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barryg's Avatar
United States
5855 Posts
 Posted 08/31/2011  6:42 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
So... What do you guys think about that one on ebay I linked to a few posts back?
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delaner's Avatar
United States
870 Posts
 Posted 08/31/2011  8:24 pm  Show Profile   Bookmark this reply Add delaner to your friends list Get a Link to this Reply
Well, I'd watch it and put a bid in on it at the last second. If you can get it for closer to $52 or so total, it's not bad. No reason to spend more than you need to. If somebody else decides they need it, there will ALWAYS be another one, and I wouldn't feel too crushed if this one gets away.

I like the advice of buying your coins certified so you're sure you know what you're getting. That is, if you plan to try to have any kind of "investment" (that is non-bullion) value. If you don't care too much and you just want to fill holes, pieces like this fit the bill nicely.

Did you make it to a show yet?
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barryg's Avatar
United States
5855 Posts
 Posted 09/01/2011  06:27 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Thanks for the advice. And no, I haven't made it to a show yet. Went to NYC with the family and bought a bunch of coins from dealers in the Jewelry District, though, so that was nice.
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Conder101's Avatar
United States
17884 Posts
 Posted 09/01/2011  11:09 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
but in my personal opinion it really is the obverse that is the critical difference, since supposedly the whole reason for the redesign was to cover up the breast.

Actually the whole reason for the change was to raise the eagle and a few minor changes to the obverse. The matter of the exposed breast was never mentioned or discussed and when the changes to the coin were approved the changes were enumerated and it was ordered that no other changes were to be made other than the ones mentioned. The exposed bust and the chain mail was not mentioned. That change was wholly undertaken by the designer on his own initiative and was actually an illegal change.
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barryg's Avatar
United States
5855 Posts
 Posted 09/01/2011  11:11 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Well, that's why I said "supposedly." I guess that's another urban myth laid to rest, eh?
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