@Watchtower said:
It's a nice coin from a great dealer who I have every intention of buying from again. I'm going to start using the PM to ask questions about purchases before I spend another dollar.
With that said what does SEGS stand for?
Someone Eventually Gets Stung?
I thought of a couple of other things I could say about this in jest but the fact remains that it falls back on me. Buy the coin not the holder.
LOL I try to find the humor in everything. What else can you do right?
Personally, I'm not sure I'd trust that dealer. I mean if it were to come back 67 FB with color, not a huge deal. But that's a King's ransom for a 66 FB with color.
Most of the inventory I’ve combed through on Northeast’s site seems fairly priced. I can’t make a judgement either way on this one though, due to the image quality.
@FlyingAl said:
Ebay sales are lower than the PCGS guide sales above, with the coin trading for around $50 in 66FB. I see $150 for a 67FB, and $220 for a 67+FB. It jumps to $940 in 68FB.
I'd keep it and enjoy it as it is and avoid adding more cost trying to cross it. A change in plastic won't matter much for this coin.
I disagree a bit. A 67 FB with color is a small haircut. A 68 SEGS holder will sell for 65 or 66 money. Even a 66FB PCGS would probably sell for more than the SEGS 68
@Watchtower said:
Sometimes I get so discouraged and frustrated. Seems like I can't win. I knew the SEGS holder was meaningless. I paid because I liked the coin and seeing that I am not a competent grader yet I paid because well you know. I still like the coin but I was not up for a haircut. Good thing I'm not a coin flipper, huh?
@Watchtower said:
Sometimes I get so discouraged and frustrated. Seems like I can't win. I knew the SEGS holder was meaningless. I paid because I liked the coin and seeing that I am not a competent grader yet I paid because well you know. I still like the coin but I was not up for a haircut. Good thing I'm not a coin flipper, huh?
@Watchtower said:
Sometimes I get so discouraged and frustrated. Seems like I can't win. I knew the SEGS holder was meaningless. I paid because I liked the coin and seeing that I am not a competent grader yet I paid because well you know. I still like the coin but I was not up for a haircut. Good thing I'm not a coin flipper, huh?
@Watchtower said:
Sometimes I get so discouraged and frustrated. Seems like I can't win. I knew the SEGS holder was meaningless. I paid because I liked the coin and seeing that I am not a competent grader yet I paid because well you know. I still like the coin but I was not up for a haircut. Good thing I'm not a coin flipper, huh?
Personally, I would not trust that dealer anymore. > @P0CKETCHANGE said:
@Watchtower said:
It's a nice coin from a great dealer who I have every intention of buying from again. I'm going to start using the PM to ask questions about purchases before I spend another dollar.
With that said what does SEGS stand for?
Someone Eventually Gets Stung?
I thought of a couple of other things I could say about this in jest but the fact remains that it falls back on me. Buy the coin not the holder.
LOL I try to find the humor in everything. What else can you do right?
Personally, I'm not sure I'd trust that dealer. I mean if it were to come back 67 FB with color, not a huge deal. But that's a King's ransom for a 66 FB with color.
Most of the inventory I’ve combed through on Northeast’s site seems fairly priced. I can’t make a judgement either way on this one though, due to the image quality.
I didn't know where it came from. Generally, I think NE is a good dealer.
Thank you Dan. I'll take you up on that. I have also heard from another gentleman who offered the same.
I have a few things in mind for the future. A morgan proof is on my list but not a $20,000 piece. Maybe a more common year without problems. Possibly AU. Whatever fits my budget.
@Watchtower said:
Thank you Dan. I'll take you up on that. I have also heard from another gentleman who offered the same.
I have a few things in mind for the future. A morgan proof is on my list but not a $20,000 piece. Maybe a more common year without problems. Possibly AU. Whatever fits my budget.
Don't dream about a circulated Morgan proof dollar until you see one in-hand. While there can be attractive circulated proof pieces, most don't look nearly as nice as pristine pieces. This isn't meant to tell you to buy a pristine piece, but instead don't glamorize what these may look like after being mishandled or with some circulation.
I do not feel you took a bath on this coin, even though I do not know what you paid. The color would boost value to me by 50-100% over price guide for bland dipped coins.
Morgan proofs are something that goes from not so good looking to outstanding (the $20K+ price you mention). The $2K and lower are probably ugly.
You should consider going to a major show to look at many coins you can not afford to buy. I remember admiring a group of outstanding toned Morgan dollars, I told the guy they were beautiful but I knew I could not afford to buy any and would he care if I admired them for awhile. He said sure.
@Watchtower said:
Thank you Dan. I'll take you up on that. I have also heard from another gentleman who offered the same.
I have a few things in mind for the future. A morgan proof is on my list but not a $20,000 piece. Maybe a more common year without problems. Possibly AU. Whatever fits my budget.
I'll add on to what @TomB said above - maybe hold off on a Morgan proof until you really have some experience. Morgans are tough enough to know, but proofs are especially tricky. Very few truly nice proofs exist and it takes a good eye to spot those. It takes years to really know what to look for, so start small and work your way up. It's better to take a haircut on a coin like the OP, but it's a lot less fun when it's a several thousand dollar Morgan proof.
As others have said, return the coin. I have bought from this dealer a couple of times and and had to return one coin. They were just fine with that, and promptly refunded my money.
Take several of us up ... run it by a few of us and see what we think. You can put me in that group if you need a third voice / set of eyes.
Friends don't snipe friends (without fair warning), and we'd certainly like to see your enthusiasm be rewarded with some knowledge and a great coin or two.
Most (all?) dealer website coins are not places to get great bargains, but a lot of good dealers offer good value. Also, more than a few good dealers don't want to sell you a coin you aren't satisfied with.
It takes time and patience and effort to get good values, but with practice and patience, it can and is done regularly. Great deals are a different animal.
All that said, guide for Mercuries is just that, a guide ... and doesn't come near what some are willing to pay for premium color. Hard to tell the premium that one would get, but it "looks" like it could be a 66+ / 67 with FB at our host, which would put the price within a retail range if the color is as fantastic as it might be.
My 2c ... YMMV
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Some extremely good advice given here. Research including viewing many coins is imperative. I would even go so far as to pick a series you really like and just concentrate on it. When I was starting out I picked Indian Cents and tried to learn all I could. I also started on lower value coins and stepped up the spending as I got more comfortable. Collecting is not a race. There will always be other coins. Many times I have thought man I will never see one that nice again only to find one better the next day!
You guys are all terrific.
My final thoughts on this coin are I like it. I paid a premium for it and that's okay. I won't do it again.
The premium paid for this coin has been offset by you folks offering to help me with future purchases.
This means a lot to me.
I am humbled to be amongst such a sincere group of good people.
Years ago, when I was just starting my Mercury dime education, I was burned buying a high dollar SEGS MS65FB Mercury dime that crossed to a PCGS Au58. Never again!
Your dime is nice, but I think no better than MS66FB in my opinion.
@Watchtower said:
It's a nice coin from a great dealer who I have every intention of buying from again. I'm going to start using the PM to ask questions about purchases before I spend another dollar.
With that said what does SEGS stand for?
Someone Eventually Gets Stung?
I thought of a couple of other things I could say about this in jest but the fact remains that it falls back on me. Buy the coin not the holder.
LOL I try to find the humor in everything. What else can you do right?
Personally, I'm not sure I'd trust that dealer. I mean if it were to come back 67 FB with color, not a huge deal. But that's a King's ransom for a 66 FB with color.
IMO they are a very fine dealer. In this case, they posted a coin for sale, provided good photos, and set a price. Marketwise, the holder really should be ignored, and the coin judged on its own merits as a raw coin (true, actually, regardless of the holder, but especially true of this holder, IMO). The vendor did not stick a gun to anybody's head, nor did they hide any relevant fact, AFAIK.
@Watchtower said:
It's a nice coin from a great dealer who I have every intention of buying from again. I'm going to start using the PM to ask questions about purchases before I spend another dollar.
With that said what does SEGS stand for?
Someone Eventually Gets Stung?
I thought of a couple of other things I could say about this in jest but the fact remains that it falls back on me. Buy the coin not the holder.
LOL I try to find the humor in everything. What else can you do right?
Personally, I'm not sure I'd trust that dealer. I mean if it were to come back 67 FB with color, not a huge deal. But that's a King's ransom for a 66 FB with color.
IMO they are a very fine dealer. In this case, they posted a coin for sale, provided good photos, and set a price. Marketwise, the holder really should be ignored, and the coin judged on its own merits as a raw coin (true, actually, regardless of the holder, but especially true of this holder, IMO). The vendor did not stick a gun to anybody's head, nor did they hide any relevant fact, AFAIK.
Again, I did not know who the dealer was. I have no problem with that dealer. However. I can't imagine pricing that coin as $400 raw. They could have submitted it if they thought it was 67 FB or better. Those holders are almost always used to dupe the customer with lofty grades.
Comments
Most of the inventory I’ve combed through on Northeast’s site seems fairly priced. I can’t make a judgement either way on this one though, due to the image quality.
Nothing is as expensive as free money.
I disagree a bit. A 67 FB with color is a small haircut. A 68 SEGS holder will sell for 65 or 66 money. Even a 66FB PCGS would probably sell for more than the SEGS 68
Personally, I would not trust that dealer anymore. > @P0CKETCHANGE said:
I didn't know where it came from. Generally, I think NE is a good dealer.
Thank you Dan. I'll take you up on that. I have also heard from another gentleman who offered the same.
I have a few things in mind for the future. A morgan proof is on my list but not a $20,000 piece. Maybe a more common year without problems. Possibly AU. Whatever fits my budget.
Don't dream about a circulated Morgan proof dollar until you see one in-hand. While there can be attractive circulated proof pieces, most don't look nearly as nice as pristine pieces. This isn't meant to tell you to buy a pristine piece, but instead don't glamorize what these may look like after being mishandled or with some circulation.
In honor of the memory of Cpl. Michael E. Thompson
I do not feel you took a bath on this coin, even though I do not know what you paid. The color would boost value to me by 50-100% over price guide for bland dipped coins.
Morgan proofs are something that goes from not so good looking to outstanding (the $20K+ price you mention). The $2K and lower are probably ugly.
You should consider going to a major show to look at many coins you can not afford to buy. I remember admiring a group of outstanding toned Morgan dollars, I told the guy they were beautiful but I knew I could not afford to buy any and would he care if I admired them for awhile. He said sure.
Focus on learning about the coin series you are interested in. Look at many graded examples. Participate in GTG threads here.
The more you learn the better purchasing decisions you will make.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
I'll add on to what @TomB said above - maybe hold off on a Morgan proof until you really have some experience. Morgans are tough enough to know, but proofs are especially tricky. Very few truly nice proofs exist and it takes a good eye to spot those. It takes years to really know what to look for, so start small and work your way up. It's better to take a haircut on a coin like the OP, but it's a lot less fun when it's a several thousand dollar Morgan proof.
Coin Photographer.
Two days' pay, eh. Are they hiring?
RIP Mom- 1932-2012
As others have said, return the coin. I have bought from this dealer a couple of times and and had to return one coin. They were just fine with that, and promptly refunded my money.
Take several of us up ... run it by a few of us and see what we think. You can put me in that group if you need a third voice / set of eyes.
Friends don't snipe friends (without fair warning), and we'd certainly like to see your enthusiasm be rewarded with some knowledge and a great coin or two.
Most (all?) dealer website coins are not places to get great bargains, but a lot of good dealers offer good value. Also, more than a few good dealers don't want to sell you a coin you aren't satisfied with.
It takes time and patience and effort to get good values, but with practice and patience, it can and is done regularly. Great deals are a different animal.
All that said, guide for Mercuries is just that, a guide ... and doesn't come near what some are willing to pay for premium color. Hard to tell the premium that one would get, but it "looks" like it could be a 66+ / 67 with FB at our host, which would put the price within a retail range if the color is as fantastic as it might be.
My 2c ... YMMV
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
FWIW - I frequently tell members here about a coin I'm thinking about - and I don't think anyone ever tried to outbid me on a coin I showed them.
It's almost an unwritten rule that if someone shows you a coin, it's almost like they've already bought it.
Coin Photographer.
Some extremely good advice given here. Research including viewing many coins is imperative. I would even go so far as to pick a series you really like and just concentrate on it. When I was starting out I picked Indian Cents and tried to learn all I could. I also started on lower value coins and stepped up the spending as I got more comfortable. Collecting is not a race. There will always be other coins. Many times I have thought man I will never see one that nice again only to find one better the next day!
You guys are all terrific.
My final thoughts on this coin are I like it. I paid a premium for it and that's okay. I won't do it again.
The premium paid for this coin has been offset by you folks offering to help me with future purchases.
This means a lot to me.
I am humbled to be amongst such a sincere group of good people.
Years ago, when I was just starting my Mercury dime education, I was burned buying a high dollar SEGS MS65FB Mercury dime that crossed to a PCGS Au58. Never again!
Your dime is nice, but I think no better than MS66FB in my opinion.
Expensive education early is sometimes cheap!
Wayne
www.waynedriskillminiatures.com
IMO they are a very fine dealer. In this case, they posted a coin for sale, provided good photos, and set a price. Marketwise, the holder really should be ignored, and the coin judged on its own merits as a raw coin (true, actually, regardless of the holder, but especially true of this holder, IMO). The vendor did not stick a gun to anybody's head, nor did they hide any relevant fact, AFAIK.
I'll tell you one thing - I like that coin.
I knew it would happen.
Its a nice coin! enjoy it!
Again, I did not know who the dealer was. I have no problem with that dealer. However. I can't imagine pricing that coin as $400 raw. They could have submitted it if they thought it was 67 FB or better. Those holders are almost always used to dupe the customer with lofty grades.