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Do ya feel lucky?

tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
in U.S. Coin Forum
Want to play with the big boys direct at auction to save on representation fees? Watch out for these beauties!

An important thread to read
Early Dollar Set

Comments

  • ksteelheaderksteelheader Posts: 11,777 ✭
    image
  • mrdqmrdq Posts: 1,186 ✭✭✭
    that's discouraging

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  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    In my experience, an unrepresented collector [with a few notable exceptions] buys the wrong coins at auction and gets blown out on the right coins. Paying an experienced dealer a few percent to prescreen out the wrong coins [such as this beauty] and to back you up on proper market value for the right coins is money well spent. Plus you then get the added bonus of maintaining a relationship that will serve you well if a coin you need comes on the market privately.
    Early Dollar Set
  • MrEurekaMrEureka Posts: 24,332 ✭✭✭✭✭
    Great illustration of decent (but not great) work. I doubt that a sophisticated buyer would pay a big premium for that color. But I do sort of like it anyway.

    Edited to say that just because I like the new colors doesn't mean that I would pay a significant premium for them!
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • TWQGTWQG Posts: 3,145 ✭✭
    You mean that some toned coins may be 'helped'!!image

    OMG, I better get a dealer in my corner to protect me!

    Please.
    My eBay store
  • dragondragon Posts: 4,548 ✭✭
    Thank you for pointing out that thread TDN, very interesting.

    BTW,,,,I've never seen a textile toned Trade Dollar.
  • rkfishrkfish Posts: 2,617 ✭✭✭
    Thanks TDN!
    This is the kind of information that needs to be
    on BOTH boards!
    Steve

    Check out my PQ selection of Morgan & Peace Dollars, and more at:
    WWW.PQDOLLARS.COM or WWW.GILBERTCOINS.COM
  • AndroidAndroid Posts: 726 ✭
    TTT
    We are finite beings, limited in all our powers, and, hence, our conclusions are not only relative, but they should ever be held subject to correction. Positive assurance is unattainable. The dogmatist is the only one who claims to possess absolute certainty.

    First POTD 9/19/05!!

  • stmanstman Posts: 11,352 ✭✭✭✭✭
    Great info here. Thanks for posting it TDN. Very obvious it's the same coin, and also it has been worked on. Not great work but better than we usually see posted on here.
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • wondercoinwondercoin Posts: 16,982 ✭✭✭✭✭
    I've missed TomB's posts these past 30 days and hope he starts posting back here soon. image

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • JoyofCollectingJoyofCollecting Posts: 682 ✭
    Super thread. Thanks for passing this bit of knowledge and the suggestion along!
    Go well.
  • BladeBlade Posts: 1,744 ✭
    Great detective work on TomB's part. Nice to see he' still posting away, even if not here.
    Tom

    NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.

    Type collector since 1981
    Current focus 1855 date type set
  • sinin1sinin1 Posts: 7,500 ✭
    Wow, I wonder how it will sell versus previous sale
  • solidsolid Posts: 2,975
    GREAT info TDN and AWESOME work TomB!!! Obviously the same coin, which
    now has been worked on at least twice (the first being a dip).

    It is scary that coins like that have, and will continue, to be produced and get
    by folks - including the "experts". TomB's own comments begin "I was
    admiring a very nicely toned 1831 Capped Bust quarter..."

    Without the benefit of seeing the before pics, I would have thought the
    same thing.

    It's coins like this that lend merit to the idea posted on these boards awhile
    back (forget by whom) that coins could have a serial number microscopically
    etched into their surface by a precision laser for a positive ID.

    Ken
  • sinin1sinin1 Posts: 7,500 ✭
    What do you think will happen to the color over the next 10 years? (assuming it stays in the slab and no one plays with it some more)
  • meos1meos1 Posts: 1,135 ✭
    I think that the real "crime" is that heritage did not detect this. This only re-enforces the assertion that dealing with the dealer is not always the best thing. You simply cannot close your eyes and hope for the best just because you are working with someone. Jim Baker turned out to be a crook, Bill Clinton a philanderer, and Enron was a real fraud of a company. When will you grown ups learn that if YOU do not do the due diligence that YOU will be taken. Stop crying and go get educated. If I bought that coin and figured this out I certainly would not tell you. I do not want to make myself look like a fool, I have plenty of other people out thier "helping" me in that department.

    Best regards,

    Dan

    Editted spelling
    I am just throwing cheese to the rats chewing on the chains of my sanity!

    First Place Winner of the 2005 Rampage design contest!
  • meos1meos1 Posts: 1,135 ✭
    And microscopic serial numbers....If we took the time to examine the coin in detail and catalog the unique marks on the surfaces of each it would be nearly impossible to pass off a fake. No two coins have the exact same contact marks, flow lines, etc. Thats why a catalog service that takes pictures of the coin and records those marks, just like diamonds is so important.

    PS: Patent Pending on this process, already filed the paperwork. Please let me know if your interested in this valuable service.
    I am just throwing cheese to the rats chewing on the chains of my sanity!

    First Place Winner of the 2005 Rampage design contest!
  • TypetoneTypetone Posts: 1,621 ✭✭
    TDN:

    Thank you for the post. I was actually thinking about bidding on this piece.
    I agree that an unrepresented buyer has very little chance in a major auction.

    Greg
  • FairlanemanFairlaneman Posts: 10,424 ✭✭✭✭✭
    TTT
  • MaxMax Posts: 124
    Great work TomB, you saved me a bundle! Shame on PCGS and Heritage!

    TDN which dealers work for a "small" percentage to prescreen coins? I have had many tell me flat out no and one said 25% [he almost got a Sam Adams shower, as I choked, while we were eating at Hooters in Long Beach earlier this year]. true true true.
  • MaxMax Posts: 124
    Just some random thoughts....

    Imagine the risk the coin doctor took to doctor a $3k coin, suppose he messed up? What happens to the messed up coins.

    Imagine the money that IS being made when they are successful and undetected. What would this have sold for? $7k? $8k? $9k?

    This is a pop 2/3 which if PCGS pulls it becomes a pop 1/3. The big "if".

    A great piece of Americana was destroyed by greed.

    A little bit of the collector in me died when I saw this.

  • MrEurekaMrEureka Posts: 24,332 ✭✭✭✭✭
    A little bit of the collector in me died when I saw this.

    The Darkside beckons!
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • MaxMax Posts: 124
    ttt

    In case some of the Saturday traffic missed this great thread.
  • jonesyjonesy Posts: 5,031
    How would Heritage have known?image
    Glenn

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