Do you ever buy a coin for way less than it's worth?

Russ · February 7, 2004 8:05AM

I haven't, but was just wondering if anybody else has. (Note: This is a bragging opportunity thread).

Russ, NCNE

ealandg · February 7, 2004 8:08AM

About 5 years ago I picked up a Flowing Hair $ in F for VG price.

airplanenut · February 7, 2004 8:10AM

I have... I picked up a coin in May for $20, and sold it for $200 at the ANA Summer show

... and that wasn't the only massive profit I made that weekend... made a 400% in 4 hours, and sold one coin from a lot of 12 for more than all 12 plus shipping

itsnotjustme · February 7, 2004 8:16AM

I picked up a clad Ike for under $2. It graded MS67!

Stuart · February 7, 2004 8:16AM

In 1991 I purchased a raw 1799 Draped Bust Dollar graded XF for just under $975. Today, the same coin (13 years later) has appreciated in value to over $5000

Although I purchased it for what it was worth back then, it seems like a hell of a deal now !!

I also feel that most of the AU-58 19th century type coins with great eye appeal, that can be purchased for significantly less than mint state money, are a great bargain in today's market.

Prometheus183 · February 7, 2004 8:24AM

OK, Russ, I'll bite. It was probably just beginers luck, but for whatever reason, a couple years back I bought one of those NGC MS61 SLQs (not FH) for $40.00. Since we got a better replacement, I threw it up on eBay, and got $172.50 for it. I'm not accustomed to having such a return on a coin like this, and to be honest, I sold to accumilate enough to buy something I wanted more, but this knocked my socks off.
I figured it would draw maybe,.. if 'm lucky,.. 60 - 80 bucks! It's times like these I'm sooooooo glad to be soooooo wrong. Needless to say I immediately blew the tiny wad + a little extra on something a bit more passionate to me.

BTW, it was a 1917 T1

Keep smiling!
Craig

RGL · February 7, 2004 8:25AM

Hmmm ...

$16 (raw) for the pair:

$2.75 (raw) PR-67 CAM at PCGS ('57 is the rarest 1950s Jeff proof in CAM):

$10 PCGS PR-67 (pre-CAM designation) crackout = PR68 DCAM

And, many, many more ... but this makes for a nice little cherry appetizer!

DHeath · February 7, 2004 8:26AM

I always overpay. I'm just waiting till 2040 to sell.

RedBimmer · February 7, 2004 8:30AM

Ok, before I really edjumacated myself, I bought a 1955 Doubled Die off of the bay of E. It ended up closing at about $1500, as it was graded MS63RD by PCI ugh. Little did I know about different slabbing companies and what their practices were, so I could've gotten stuck with a fake, cleaned, altered, bs piece of

When I received the coin it looked to me like it was really solid for the grade, full red, clean fields, no carbon, decent strike for the issue, blah blah. Anyway, the more I looked at it, the more I thought it was a great coin. So I brought it to my local dealer and asked him what he thought about it. He told me he would have somebody look at it. Turns out the guy who he had look at it used to be the finalizer for NGC, and he said it looked good and to send it in to NGC.

So, about a month later I call my dealer and he tells me to come on in, I'm gonna be real happy. When I got there he hands me the NGC slab..MS63RD.

Yes I was happy

Does this mean the value went up? If so, then this post belongs here, if not, sorry, I'm OT

Or does it mean NGC can't grade? OR, PCI can grade

Rob

Russ · February 7, 2004 8:32AM

<< <i>$16 (raw) for the pair: >>

Oh yeah, Randy, regarding that SMS Kennedy; in case I haven't told you recently, you suck!

Russ, NCNE

RGL · February 7, 2004 8:43AM

Right back at ya, Russ. Come clean ... how much did you pay for the set your sig coin came out of?

lordmarcovan · February 7, 2004 8:45AM

Sure, all the time.

Come over to the Dark Side, Luke!

Russ · February 7, 2004 8:46AM

<< <i>how much did you pay for the set your sig coin came out of? >>

More than $16.

Russ, NCNE

JrGMan2004 · February 7, 2004 8:48AM

Hmmm... don't think I've underpayed for anything... but I hope to cherry a nice Micro-S at an upcoming show and submit it to NGC... gonna have some help doing it too... wish me luck... mwhahaha!

davewang202 · February 7, 2004 8:54AM

Knowingly or unknowingly?

Unknowingly?
I bought a lot of 25 coins without looking at them, and that's where the 4 1882 O/S's came from.

Knowingly?
I think that's what the whole varieties thing is about, isn't it? Try to find a rare variety coin and buy it for common variety money? I've certainly done that...

RYK · February 7, 2004 8:56AM

Do you ever buy a coin for way less than it's worth?

Regrettably, no.

ajaan · February 7, 2004 8:57AM

I bought an 1805 Prussian 4 Groshen today for 30c. It came out of a junk bin. The coin lists for $10.00 in Krause.

Dollars · February 7, 2004 9:00AM

Mine was just about a month ago. Got a PR69DCAM Ike 1976 type 2 for 20.00 plus shipping in a auction. They seem to be going about 50.00 to 60.00 at auction, much more at the show that I have attended.

Not a big one but I don't collect big........................yet

MadMarty · February 7, 2004 9:04AM

Not me, I never buy anything.

mnmcoin · February 7, 2004 9:10AM

Never, I just like the taste of plastic.

morris <><

mgoodm3 · February 7, 2004 9:35AM

I bought a 1863 "MS60" IHC for $85 at a store in PDX. Got it slabbed at MS64. Same store bought a "MS60" 1894 $10 gold and got it slabbed at MS62. That's the best that I've done.

papabear · February 7, 2004 9:37AM

I found this at the flea market it's cleaned but for $20 bucks I couldn't pass

Varlis · February 7, 2004 9:37AM

I cherried an uncleaned, nicely-toned bust quarter from E-bay a while back. It is a very rare variety that you hardly ever see (or, that I hardly ever see).

Stuart · February 7, 2004 9:41AM

I purchased a beautiful 1927-D Peace Dollar certified as PCGS AU-58 that looks like an MS-64 to me. I've carefully studied the coin and can't see the faintest amount of wear, rub or hairlines and figure that it may be worth several times my purchase price

66Tbird · February 7, 2004 9:42AM

Buff commems, and 99 qtr bags were nice for me

Veep · February 7, 2004 10:39AM

If it wasn't me telling it, I'd never believe it but I bought three 1932-D quarters in a bag of silver. They came back from NGC as MS62, 62, 63!

Gandyjai · February 7, 2004 10:44AM

I bought a 76 Silver Bicentennial Mint Set for $11 on eBay......
The Kennedy came back PCGS MS69

Still....the only one (PCGS) ever made!

Gandyjai

wjd283 · February 7, 2004 10:48AM

Not on coins,but bought a error web note off the bay for $7.20 and sold two months later on the bay for $201!!Over 2000% profit.Wish I could do that every time

airplanenut · February 7, 2004 11:10AM

Oh, and my XF 1859 IHC set me back $7

Clodhopper · February 7, 2004 11:20AM

I got off Ebay for 55 cents + 1 dollar shipping

RotatedRainbows · February 7, 2004 11:20AM

In 1987 I bought a cleaned scratched 1807 capped bust half dollar for 1k

thru a Heritage auction, I guess most people assumed it was the common variety 112 (at least thats what a dealer told me he thought) but in reality it was a rare early die state for the bearded goddess variety 111. There are only about 6 peices known without any trace of the beard (die crack running from chin to bust), when I sold it in 1992 thru a bust half specialty auction thru SD it realized 8k.

Clodhopper · February 7, 2004 11:27AM

I got this off Ebay for 55 cents + 1 dollar shipping

Lakesammman · February 7, 2004 11:34AM

I cherrypicked a 1890 QDO IHC at the Baltimore ANA, PCGS 64 for about $300 - worth roughly $2000.

ladyship · February 7, 2004 11:40AM

Bought an 1863 BU Cent,$60 came back NGC MS 66.

MFH · February 7, 2004 11:43AM

As often as I can.

Bear · February 7, 2004 11:49AM

I guess it might happen one day, but so far, not with the sharp cookies

I have been dealing with.

hughesm1 · February 7, 2004 11:13PM

I've had 2 good scores in the last year: an 1851 large cent in AU58RB for $36 and a 1925-D merc in AU53 for $48. Both were Ebay buys

Trooper · February 8, 2004 1:44AM

My latest bragging

2003 ASE PCGS PR70Dcam $90
1881cc GSA $15
1882cc GSA $15
1883cc GSA $15
1878cc Ngc MS64 $200
1881cc Ngc Ms64 $250
1999 Silver proof set $125

Have a few more but not at these savings. Been a good last two months...

Tom

route66 · February 8, 2004 2:30AM

3 weeks ago I bought 5 1995 and 1 1997 proof set at a flea market for $30.00 total. Sold them last week for over $300.00 on ebay. A little cheap?? Maybe. But I didn't want them, so I'm happy. Also last year I bought 134 PCGS green boxes at the Iola car show for 50 cents each. Been sellilng them on ebay for 5 for $21.00 plus shipping. Pretty happy with that. Steve

CoinAddict · February 8, 2004 2:36AM

I would have to say that I have. I purchased a 1942 T-1 Jefferon graded PCGS PR-67 for $85. Last week I saw on Teletrade that 2 had sold recently for $220 each. So I think that was quite a pickup for me.

barberlover · February 8, 2004 2:42AM

In 2001 I bought a PCGS 65 red 1902 Indian penny for 189 dollars plus 5 for shipping, who says all bargins are raw !!!

Les

RonMan · February 8, 2004 4:53AM

A couple years ago I picked up the 1998, 2 coin Kenndy Collectors Set for $125. I still have it.

A few weeks ago I BIN'd a 1972 Kennedy PCGS 69 DCAM for $20 and turned it around a couple weeks later for $77 on Ebay.

Dog97 · February 8, 2004 9:23AM

Not the biggest $$ jump but the biggest x times sheet jump; raw 56 proof set with nice franklin, pcgs graded it proof 68 dcam & sold on tt for $525 back in 1990 something. I bet it's worth lots more now because of the PCGS set registry.

Stuart · February 8, 2004 9:49AM

Trooper: Are you saying that you RECENTLY purchased the GSA CC Morgans at $15 a piece, or were those your original GSA purchases back during the govt auctions, when the "tarnished" (toned) ones sold for $15 ??

If you got them recently for $15, please give me the name and contact info of your source via a private message !!!

MacCoin · February 8, 2004 9:52AM

that takes good luck and mine is all bad. more often I pay more than its worth. way more

fcloud · February 8, 2004 10:01AM

I picked up an 1858 half dime for a buck or two (back in about 1980). I looked it up in my Red Book when I got home. I saw there was an 1858 over 1858, and an 1858 inverted date. I very carefully removed the grime from the date to reveal an overdate coin! It now sits in a VG10 slab, so I guess I found one by accident.

Dog97 · February 8, 2004 10:07AM

I saw the auction where trooper bought them for $15 last week.

Stuart · February 8, 2004 10:09AM

Dog97: That truly is incredible !! Was the auction on E-Bay ??

Trooper · February 8, 2004 10:39AM

Dog
Don't give away my secrets. Not to many people check the India Global Site Ebay sales for GSA dollars

Tom

sinin1 · February 8, 2004 12:11PM

$20 raw Ike on eBay about 3-4 weeks ago

$150 walk through at Long Beach

now in NGC MS67 slab

offered $2500 for but turned down

I was the seller of the raw IKE, not sure if the rest is totally accurate but that is what the buyer said
maybe he could post a few pictures

Do you ever buy a coin for way less than it's worth?

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