Best coin finds might be under my nose

atarian

I got so caught up in looking at the 1903S i might have passed upa chance at a 1853 large cent NGC MS65BN which the dealer said should be a MS66BN. but at $400 i might have to put the gold coin back and take my extra pennies that i have to cash in and go get it PCGS has it at near $600 and my coin guides go to 63 only at 350. what i could have missed


the gold coin is more common i think than a 1853 large cent in a Ms65BN or what cna be a Ms66bn

granddad

The grey sheet quarterly of July 9th has the large cent MS65BN at $645 bid.

Louis

ER

<< <i> .............. a 1853 large cent NGC MS65BN which the dealer said should be a MS66BN............. >>

atarian

he told me if he wanted he could cross over to PCGS and may get a 66 out of the deal. and if he sits on it longer he may just do that. so you are telling me @$400 this is better than the 1903 S gold piece i figured that this large cent would be better. and at the same time gaurenteed at the grade since tis slabbed

since im new to buying coins with value ( besides luck of the change draw at riteaid) i feel like im gonna be screwed no matter what i do.
this is the same guy who has the 1903S so maybe i should go for it. if its a better coin and slabbed. and i might cross it over to pcgs at the same time i send my 1882 $5 in . sound like a plan?

atarian

hmm MS65 BN $585 MS66BN $1250 i think i might spend 30$ and find out if it can go higher.

ER

I 'm sorry, but any dealer who is trying to sell me a coin, and tells me the coin should be/should have been graded higher by so and so grading service, will not have my business. JMHO.

granddad

I agree with ER, atarian. If you have not dealt with this dealer before, be careful. Another observation is that you seem in a big hurry to buy coins. Take your time and pick and choose. There will always be plenty of coins for sale tomorrow.

Good luck,
Louis

Sphinx357

The age old "buy the coin not the holder" comes to play here. Take a look at some 66's and 65's of this date, I'm sure Heritage has plenty in their archives for you to study. If you can upgrade it to a 66 and make all that $ off of it, great, good job. I'd just be very leary about a dealer saying "it should be a 66". Why doesn't he spend the $30 and take the chance? Because it'd probably come back as a 64 and he'd lose his shirt on that coin that's why.

100proof1957

sounds like the price is rite if bid is 645.00
and for 30 bucks,ya got nothing to lose !

MrEureka

I 'm sorry, but any dealer who is trying to sell me a coin, and tells me the coin should be/should have been graded higher by so and so grading service, will not have my business.

ER - Remind me of that next time you try to buy a coin from me. Otherwise, I might make the mistake of telling you what I honestly think of my more conservatively graded coins and drive you away forever.

For the record, I've sold hundreds of coins over the years that I believed to be undergraded or possibly undergraded. With grading fees what they are, a limited amount of capital and volatile markets, I can't afford to resubmit every coin until I'm sure I'm not leaving money on the table.

ldhair

I want the dealers input but my own opinion is what counts when I reach for my back pocket.

Too many young folks let their passion for the hobby turn it into a fire sale.

Be very picky. Ten years from now when you look back, you will know what I mean.

Oh- buy the cent.

airplanenut

Andy,

You've got real experience with grading, though--for all we know, atarian is dealing with joe schmo who is selling a coin that was a gift in a 65 holder. But as granddad said, slow down and take your time with these--impulse purchases that eat up your funds can hurt you quite quickly.

Jeremy