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Scratched 1937 Buffalo nickel = would you buy?

johnny010johnny010 Posts: 1,131 ✭✭✭✭✭
edited November 6, 2022 5:08PM in U.S. Coin Forum

Seems like a great nickel but is scratched. Would you still consider buying?



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    GoldbullyGoldbully Posts: 16,945 ✭✭✭✭✭

    A looker indeed.....if I bought that coin, the scratch would be the first thing I see when i put the coin in my hand.

    But maybe that's just me.

    Is it your coin?

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    VetterVetter Posts: 809 ✭✭✭✭✭

    It all depends on the price. Problem free examples are very easy to find so without a pretty heavy discount it would be a pass for me.

    Members I have done business with:
    Silverman68, jfoot13, GAB, ricman, Smittys, scrapman1077, RyGuy, Connecticoin, Meltdown, VikingDude, Peaceman, Patches and more.
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    johnny010johnny010 Posts: 1,131 ✭✭✭✭✭

    No I haven’t bought it “yet”, but I keep going back to it. I’ve never owned a scratched coin but I’ve bought plenty that have been cleaned and didn’t realize it lol.

    Anyway just thinking it through. Always wanted a 3 leg 37, and this one is attractive but it has the scratch. Not sure if that will be a negative for me down the road so looking for opinions.

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    CameonutCameonut Posts: 7,270 ✭✭✭✭✭

    I would pass because I would never be able to "unsee" that scratch. Be patient, another one will come along.

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

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    TomBTomB Posts: 20,901 ✭✭✭✭✭

    It's a rather common, though very desirable, coin. As such it would likely carry a fairly significant price tag. In my opinion, there is no-way, no-how I would be willing to pay that price tag for this particular issue.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
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    ChrisH821ChrisH821 Posts: 6,392 ✭✭✭✭✭

    I'd be more concerned that the reverse looks a bit polished. How do the NGC cert pics look?

    Collector, occasional seller

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    Steven59Steven59 Posts: 8,360 ✭✭✭✭✭

    Bummer, scratch may be from removing it from a stapled 2x2 to send in. Did NGC grade it as "Detailes Scratched?"

    "When they can't find anything wrong with you, they create it!"

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    johnny010johnny010 Posts: 1,131 ✭✭✭✭✭

    @TomB said:
    It's a rather common, though very desirable, coin. As such it would likely carry a fairly significant price tag. In my opinion, there is no-way, no-how I would be willing to pay that price tag for this particular issue.

    Ok thanks Tom… so what is a price you’d consider? I’m looking for a baseline that would be reasonable.

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    BryceMBryceM Posts: 11,766 ✭✭✭✭✭
    edited November 6, 2022 8:59PM

    Not for me, thanks.

    I'll sometimes buy coins with issues, but not coins that are otherwise reasonably plentiful.

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    Steven59Steven59 Posts: 8,360 ✭✭✭✭✭

    @johnny010 said:

    so what is a price you’d consider? I’m looking for a baseline that would be reasonable
    >
    Oh, so you are in a rounabout way asking what you should pay for this coin?

    "When they can't find anything wrong with you, they create it!"

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    johnny010johnny010 Posts: 1,131 ✭✭✭✭✭

    @ChrisH821 said:
    I'd be more concerned that the reverse looks a bit polished. How do the NGC cert pics look?

    Here are the NGC pictures

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    johnny010johnny010 Posts: 1,131 ✭✭✭✭✭

    @Steven59 said:
    Bummer, scratch may be from removing it from a stapled 2x2 to send in. Did NGC grade it as "Detailes Scratched?"

    AU Details
    Rev Scratched

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    Project NumismaticsProject Numismatics Posts: 1,384 ✭✭✭✭✭

    The reverse is the most important side for this issue - especially for a 3 leg. I recommend passing. I think you can do better. While expensive, this issue is readily available on online and at shows.

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    Steven59Steven59 Posts: 8,360 ✭✭✭✭✭

    @johnny010 said:

    @Steven59 said:
    Bummer, scratch may be from removing it from a stapled 2x2 to send in. Did NGC grade it as "Detailes Scratched?"

    AU Details
    Rev Scratched

    Oh, so looking to buy a details coin. Hard to sell for a premium but if you like it why not? It's all about the price on this one.........

    "When they can't find anything wrong with you, they create it!"

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    johnny010johnny010 Posts: 1,131 ✭✭✭✭✭
    edited November 6, 2022 6:11PM

    @Steven59 said:

    @johnny010 said:

    @Steven59 said:
    Bummer, scratch may be from removing it from a stapled 2x2 to send in. Did NGC grade it as "Detailes Scratched?"

    AU Details
    Rev Scratched

    Oh, so looking to buy a details coin. Hard to sell for a premium but if you like it why not? It's all about the price on this one.........

    $1000 is what the seller is asking
    He said if I don’t like it I can return it
    Seems like they are really high online

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    Steven59Steven59 Posts: 8,360 ✭✭✭✭✭

    @johnny010 said:

    AU Details
    Rev Scratched

    $1000 is what the seller is asking
    He said if I don’t like it I can return it
    Seems like they are really high online

    Seems high of a price to me for a details coin - Others will be appreciative to chime in on this........

    "When they can't find anything wrong with you, they create it!"

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    ChrisH821ChrisH821 Posts: 6,392 ✭✭✭✭✭

    Price is too high IMO. Aren't straight graded AU's about that much?

    Collector, occasional seller

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    TomBTomB Posts: 20,901 ✭✭✭✭✭

    @johnny010 said:

    @TomB said:
    It's a rather common, though very desirable, coin. As such it would likely carry a fairly significant price tag. In my opinion, there is no-way, no-how I would be willing to pay that price tag for this particular issue.

    Ok thanks Tom… so what is a price you’d consider? I’m looking for a baseline that would be reasonable.

    I don't believe there is a Venn Diagram that has overlapping circles for what the seller would likely accept and what I would willingly offer.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
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    AUandAGAUandAG Posts: 24,615 ✭✭✭✭✭

    Scratch is on the wrong side....I'd pass.
    bob :)

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
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    braddickbraddick Posts: 23,377 ✭✭✭✭✭

    As an album filler I wouldn't pay more than $400.00

    peacockcoins

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    MasonGMasonG Posts: 6,261 ✭✭✭✭✭

    My opinion? You shouldn't buy (or not) coins because of what other people think. It's you money and you have to live with the decision you make. Are you going to change your mind and start liking a coin you don't initially care for, just because other people do like it?

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    TomBTomB Posts: 20,901 ✭✭✭✭✭

    @johnny010 said:

    @Steven59 said:

    @johnny010 said:

    @Steven59 said:
    Bummer, scratch may be from removing it from a stapled 2x2 to send in. Did NGC grade it as "Detailes Scratched?"

    AU Details
    Rev Scratched

    Oh, so looking to buy a details coin. Hard to sell for a premium but if you like it why not? It's all about the price on this one.........

    $1000 is what the seller is asking
    He said if I don’t like it I can return it
    Seems like they are really high online

    And you're not rolling on the floor laughing at that amount?

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
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    skier07skier07 Posts: 3,783 ✭✭✭✭✭

    Pass. It’s overpriced and readily available in a straight graded holder.

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    coinbufcoinbuf Posts: 10,923 ✭✭✭✭✭

    1K is more than I would pay for a details coin, however is seems somewhat in line with retail pricing. For comparison this straight graded NGC coin sold earlier this year for less.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
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    JimTylerJimTyler Posts: 3,162 ✭✭✭✭✭

    Don’t buy it

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    johnny010johnny010 Posts: 1,131 ✭✭✭✭✭

    Thanks everyone

    As for the price no idea if it was good or bad value which is why I asked. Ive always wanted one. I’ve seen MS buffalos that I didn’t think looked as good selling for an arm and a leg. I’ve actually noticed that about a lot of coins…. Some MS look great and others at the same grade look terrible. Not sure why and probably the reason I’ve stayed with newer 70 bullion types.

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    291fifth291fifth Posts: 24,035 ✭✭✭✭✭
    edited November 6, 2022 8:08PM

    Pass unless it is a very, very good deal. That scratch isn't going to go away.

    All glory is fleeting.
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    goldengolden Posts: 9,176 ✭✭✭✭✭

    As they say in Texas .......... El Paso.

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    oldabeintxoldabeintx Posts: 1,707 ✭✭✭✭✭

    I'm biased because 1) I've never had an interest in the 3-leg, and 2) I don't buy details coins beyond scarce 18th century or earlier coins and only then when the details grade is consistent with "natural" causes over the long life of the coin. Our host's pop report shows around 3,000 coins in AU, so these come up often. Looks like a careless staple scratch. I would pass and be patient. But I also understand too well the effects of the collecting bug.

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    TPRCTPRC Posts: 3,759 ✭✭✭✭✭
    edited November 6, 2022 9:17PM

    I think it is all a matter of degree. Yours looks both cleaned/polished and scratched, and I agree that the polishing is worse than the scratch. I don't like it, mostly because it's too bright. But at the right price, it could be a bargain.

    I don't want to steal your thread, but how about this one? It has a short but noticeable horizontal scratch on the left rear leg, and a less offensive, more natural, vertical one in front of that leg. And, at some point, it was cleaned very inoffensively, perhaps with soap and water or something unobtrusive, as evidenced by the dirt remaining in the "Liberty" devices. But I bought it right, it looks natural, and it might even have straight graded!

    Tom

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    TPRCTPRC Posts: 3,759 ✭✭✭✭✭
    edited November 6, 2022 9:16PM

    OK- at 1k you can buy a straight graded AU for less. So, I would say it's a hard no!

    Tom

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    I would pass.... two reasons - that scratch and high price. Good luck, Cheers, RickO

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    Cougar1978Cougar1978 Posts: 7,767 ✭✭✭✭✭

    No - absolutely not.

    So Cali Area - Coins & Currency
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    Cougar1978Cougar1978 Posts: 7,767 ✭✭✭✭✭
    edited November 7, 2022 4:48PM

    @johnny010 said:

    @Steven59 said:

    @johnny010 said:

    @Steven59 said:
    Bummer, scratch may be from removing it from a stapled 2x2 to send in. Did NGC grade it as "Detailes Scratched?"

    AU Details
    Rev Scratched

    Oh, so looking to buy a details coin. Hard to sell for a premium but if you like it why not? It's all about the price on this one.........

    $1000 is what the seller is asking
    He said if I don’t like it I can return it
    Seems like they are really high online

    RETURN it!

    So Cali Area - Coins & Currency
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    johnny010johnny010 Posts: 1,131 ✭✭✭✭✭

    @Cougar1978 said:

    @johnny010 said:

    @Steven59 said:

    @johnny010 said:

    @Steven59 said:
    Bummer, scratch may be from removing it from a stapled 2x2 to send in. Did NGC grade it as "Detailes Scratched?"

    AU Details
    Rev Scratched

    Oh, so looking to buy a details coin. Hard to sell for a premium but if you like it why not? It's all about the price on this one.........

    $1000 is what the seller is asking
    He said if I don’t like it I can return it
    Seems like they are really high online

    RETURN it!

    I didn’t get it. I did see an AU58 closed tonight for $19xx on eBay. I’ll look at the coin show next weekend maybe find one there

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    airplanenutairplanenut Posts: 21,993 ✭✭✭✭✭

    Maybe it’s just the terrible lighting angle, but the coin looks wiped to me. NGC will only list one problem, so the scratch may just be the worst of them. The only reason I’d buy this coin is if it were so cheap I had a guaranteed profit reselling it. Not something I’d put in my collection.

    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
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    Steven59Steven59 Posts: 8,360 ✭✭✭✭✭

    @johnny010 said:
    I didn’t get it. I did see an AU58 closed tonight for $19xx on eBay.

    An AU58 coin should easily bring a higher amount than a details coin in AU all of the time.

    "When they can't find anything wrong with you, they create it!"

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    NeophyteNumismatistNeophyteNumismatist Posts: 925 ✭✭✭✭✭

    It's a pass for me. Problem coins are easy to get into and hard to get out of. I would rather have a problem-free lower grade example, or even leave the hole in the set.

    If you see the problem today, you will see the problem even more tomorrow. Tomorrow, this will become YOUR problem, if you buy it.

    I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.

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