1873-CC Trade dollar....Real or Fake?
DoubleEagle59
Posts: 8,322 ✭✭✭✭✭
I'm confident it's OK, but just want some assurance.
Heavily damaged though.
0
DoubleEagle59
Posts: 8,322 ✭✭✭✭✭
Comments
Does it matter?
For some of us, it definitely does.
Remember, not everyone can afford a 5 star MS. Some of us are just glad to even get a cull as a filler.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Buy a wholesome vg/f....not a cull
Not everyone has even that much budget, but love to collect coins. I was happy as hell to get a cull 1909 S VDB.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Looks real to me. Probably turned into a piece of jewelry while it was UNC. or AU.
@tradedollarnut said: "Does it matter?"
YES
Personally, I'd rather have an MS-something "State-of-the-Art" counterfeit.
maybe mounted on a belt buckle? Looks genuine to me.
Looks like the real deal. It may be a bit banged up and likely has seen some hand to hand combat but it is still a first year Carson City trade dollar and that's always pretty cool.
I learned early on - don’t buy problem coins. When it comes time to sell, the compromises that you made are magnified times ten. Buy the nicest example for the grade that you can comfortably afford - you build an entire set like that and it will be admired. You build an entire set of problem coins and no one will admire it.
In theory I agree with you.
In a practical sense, I disagree.
Everything has a true value.
If you buy it right, you'll still make money on a cull, especially if it's a good date.
I bought an 1804 bust dime that was bent and holed. Bought it for $400 and sold it for $2600.
I couldn't make that profit margin buying a problem free 1804 dime in fair condition.....I could 'admire' it forever, but I'd never make a substantial profit on it.
Agreed.
There's money to be made in problem coins.
Looks real but hard to be conclusive. Looks like the coin is in pretty rough shape. Sorry, can't give you great assurence.
Keoj
I would wager that was purchased for way less than a problem free VG/F As others have said...Culls can be money makers! Everything has a price point!
I bought it for two reasons:
1) It's a super rare date in MS state (which I do believe it would grade out as 'Unc details' The strike on this coin very strong.)
2) I may be wrong, but I think I bought it at a low price. (at this low price, I can live with the messed up reverse).
Put another way, there's no way I could ever buy a problem free 73-CC in MS and I would much rather own this piece, than a problem-free, circulated, worn VG-F 73-CC.
For Dealers everything has a price, for collectors liquidity, value and pride are typically paramount. TDN was talking guidance to collectors.
Even as a dealer, for every buck a guy makes on a problem coin there are 100 collectors who lose one
11.5$ Southern Dollars, The little “Big Easy” set
Learned long ago you can not buy a problem coin cheap enough
stay away
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
I believe your original question was in regard to authenticity.... and it does look real. Buy what you like, can afford and have fun in the hobby. Cheers, RickO
Great advice. You take the words right out of my mouth. However, when I tell that to many folks, they tell me how much money they are making buying and selling problem coins!!! In fact, two major dealers send us ONLY problem coins.
Yes, the coin is real. Not worth a hill of beans but in a blue book you only see the obverse. Good place holder and if you get it cheap enough (under $100) you likely will not get hurt. Be cautious on overspending on this example. I know the date and MM make it expensive buy why are you collecting TD's? Think about this before you pull the trigger. A damaged coin is always that and the market may punish you down the road.
bob
PS: It would be interesting to do a "problem coin" Dansco 7070.
I had a few "problem" coins in the second iteration of my type set. I compromised when I bought them since certain pieces (Classic Head LC, SLD's, etc) were out of my price range in AU-low MS grades, and the "problem" pieces were accordingly priced. When I went to sell, the problems hadn't gone away but were definitely the bone-of-contention. I suppose if you're never going to sell, it won't be an issue (well, maybe for your heirs...) but that's not often the case. Fast-forward a decade... I'm more inclined to buy VG/F/VF straight grades than problem coins that are discounted... or, I'll just wait...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
Are you sure about that?
I already have an offer of $800 for it.
I'm not selling it, not because I'm holding out for more, but because I'm going to 'admire' it for awhile.
Take the money and run. A nice graded F-12 books at $700. Much better value.
bob
SELL IT!
The important side is ruined. There will always be another down the line.
I say collect what you like Beauty is in the eye of the beholder
Don't accidentally sell it to "The Dockter". It would surely find its way into his 200 year old safe.
Collector, occasional seller
Couldn't Stockport or whatever his name is fix this a bit?
Well, just Love coins, period.
I paid 1000$ for a true UNC with a few hairlines on the Obv and a one nice chop mark. 800$ seems crazy to me
11.5$ Southern Dollars, The little “Big Easy” set
I paid like $600 for a lightly cleaned off brand certified MS62 a few years back. The OPs coin is worth like $100-200 ...he should take the $800 and run
There's no way I would pay anywhere near what offer you have on that coin. Sell it !!!!
Minor Variety Trade dollar's with chop marks set:
More Than It's Chopped Up To Be
Looks real to me but if it’s in a slab.....please share the slab full photo, grade of slab. If prob coin or doubts - pass.
If problem coin no go for me I would shift my acquisition strategy to quality nice material I can afford.
For comparison
11.5$ Southern Dollars, The little “Big Easy” set
I should have said $800 Canadian, which is $600 USD.......still high in the minds of quite a few responders.
It's an offer from a collector not on these boards (maybe that's a good thing!!).
Still not selling it though, but when I look at the reverse, I'll have to solely focus on the 'CC' mintmark and no where else just to keep my sanity intact.
" I already have an offer of $800 for it."
Please send your buyer my contact information! I've got a bunch of stuff I'd be willing to part with...
AKA Pakasmom
Sell it!
Something about not looking at a gift horse in the mouth...
So, congrats, youve proved to us you can buy better. You have the means. Sell this coin. It's a dog.
You could afford this one, and still save $1000. (this was the highest grade available for my set since I bought it).
I should make clear -you could have afforded this one. it's not for sale though sorry
Minor Variety Trade dollar's with chop marks set:
More Than It's Chopped Up To Be
Yours is a very attractive coin and a prudent purchase.