Am I crazy for bidding on this??????

kryptonitecomics · August 29, 2004 12:50AM

I don't own any early coppers or any US coin dated before the 1840's so I have been looking to purchase one for a while. Money is tight right now and I can't afford to spend hundreds or thousands for a coin with some detail.

Given the fact that their is a rim bump or two, some corrosion on the back along with some scratches and or gouges depending on how you look at it..............Am I crazy for bidding on this if I can win it for less than $100.

I would imagine that I would have to have it net graded by ANACS as the big two services won't touch it due to the problems. What do you think it would net grade if submitted????

Is there a way of safely removing the corrosion????

1798 Large Cent

ziggy29 · August 29, 2004 12:52AM

Crazy? No. As long as you like the coin and you don't grossly overpay, that's all that really matters. As far as conservation goes, I really don't know.

FrattLaw · August 29, 2004 12:58AM

<< Am I crazy for bidding on this if I can win it for less than $100. >>

For that amount I imagine you can do better. I picked up a 1796 with not quite as much detail without any problems such as gouges, PVC, corrosion or anything else for $50.

Keep looking would be my advice.

Michael

coinguy89 · August 29, 2004 12:59AM

I would imagine you could find better pieces for under $100 but if you like the coin, I would say go for it.

kryptonitecomics · August 29, 2004 1:05AM

I certainly jumped into this one blindly. I like the detail, but don't like the problems. I look at some price guides and saw that the coin booked for like $300 in VF so I assumed I could not afford a problem free example. When all is said and done I may learn a lesson off this one, but the coin isn't ugly by any stretch so if I am going to make a mistake, at least I can live with it on this one.

UncleWiggly · August 29, 2004 1:10AM

I'd send it to NCS, then after they are done with it they will send it on to a grading service from there for you.

Jerry

astrorat · August 29, 2004 1:12AM

<< I certainly jumped into this one blindly. I like the detail, but don't like the problems. I look at some price guides and saw that the coin booked for like $300 in VF so I assumed I could not afford a problem free example. When all is said and done I may learn a lesson off this one, but the coin isn't ugly by any stretch so if I am going to make a mistake, at least I can live with it on this one. >>

If you don't like the problems, then you really should not buy the coin. As far as the corrosion, it refers to damage to the surface of the coin. Corrosion cannot be fixed.

Lane

kryptonitecomics · August 29, 2004 1:40AM

<< 

If you don't like the problems, then you really should not buy the coin. As far as the corrosion, it refers to damage to the surface of the coin. Corrosion cannot be fixed.

Lane >>

Since I have already placed the bid......I do have to buy the coin, unless someone outbids me, which looks unlikely at this point. Again, I did not believe I could buy a problem free example in my price range so I decided to jump into the bidding on this one. Not smart but.......what's done is done at this point.

Can NCS neutralize the corrosion???? Why would I want to send it to NCS????

ziggy29 · August 29, 2004 1:49AM

<< Can NCS neutralize the corrosion???? Why would I want to send it to NCS???? >>

To my knowledge (far from expert), you can remove whatever is causing the corrosion so the corrosion won't continue to worsen -- but what's done is done and can't be reversed.

I'd imagine NCS could do at least that and remove some of the gunk on the coin. You'd still have a corroded piece, but nicer than before, and with little chance of further damage. I wouldn't want to do it for the slabbing, though; this is a piece which is best enjoyed raw.

DorkGirl · August 29, 2004 1:57AM

No, you are not crazy. This seller is a forum member that hangs out in the darkside forum. He also clearly states a 7 day return policy. If you win it and hate it, send it back. He takes beautiful pictures, but will not enhance them to show better details.

Also, I think maybe olive oil might work, but the darkside guys could help you out with that better than I can.

kryptonitecomics · August 29, 2004 2:11AM

Great info Dork Girl.................If I win it I'll wait until I receive it to see how it looks in person. Might keep it, might send it back...not sure at this point.

braddick · August 29, 2004 2:14AM

Keep in mind this has been on my "Watch List" all week and may well be on others too.

my3cents · August 29, 2004 2:55AM

Aethelred is a very reputable seller and forum member. You should have no worries.

kryptonitecomics · August 29, 2004 11:24AM

Well braddick called it........I got outbid by $1.00 buck

braddick · August 29, 2004 1:06PM

<< Well braddick called it........I got outbid by $1.00 buck

>>

Wasn't me! I purposely left it alone as a courtesy and I wanted you to have it.

sliderider · August 29, 2004 1:13PM

Put it in an ANACS holder and get a NET grade. That would probably be your best bet until something nicer comes along.

coynclecter · August 29, 2004 1:17PM

Your were outbid at 18:02:06 the auction ended at 18:02:23. Were you sleeping??

You need to take some sniping lessons. If you had made that same bid at 18:02:18 instead of 9 hours earlier I think you might own that coin.

BTW you didn't necessarily get outbid by $1. His bid could have been $200 in which case even a snipe at that amount would have been beat. If that was the maximum you were willing to pay then he just wanted it more. Better luck next time.

DominusDeus · August 29, 2004 1:39PM

I scored my 1798 large cent for $40. Woth about the same, though.

Myqqy · August 29, 2004 2:06PM

If the first thing I notice in a coin is its problems, then I keep looking for a better coin. I would rather wait a little longer and end up with a coin that has more eye appeal....

kryptonitecomics · August 30, 2004 7:58AM

<< Your were outbid at 18:02:06 the auction ended at 18:02:23. Were you sleeping??

You need to take some sniping lessons. If you had made that same bid at 18:02:18 instead of 9 hours earlier I think you might own that coin.

BTW you didn't necessarily get outbid by $1. His bid could have been $200 in which case even a snipe at that amount would have been beat. If that was the maximum you were willing to pay then he just wanted it more. Better luck next time. >>

Hey be nice

I wasn't sure about the coin due to the problems........I did put my max bid in at the time, but could have avoided the snipe if I had truly wanted the coin............I am no ebay rookie you know so yes, I could have been technically outbid by $50

but in the end it shows up as $81....Vs $80

majorbigtime · August 30, 2004 10:40AM

Yes!

Am I crazy for bidding on this??????

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