Tell us a story about a coin you a-b-s-o-l-u-t-e-l-y ripped
ColonialCoinUnion
Posts: 10,087 ✭✭✭
ripped(rip't) v. 1. To have bought a good coin for waaaaaaay below fair market value.
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PCGS PR68DCAM Accented Hair, pop 8/0
Pulled from these sets grabbed on eBay:
Cost basis, including grading fee, $75. Market value - a hell of a lot more.
Russ, NCNE
U.S. Nickels Complete Set with Major Varieties, Circulation Strikes
U.S. Dimes Complete Set with Major Varieties, Circulation Strikes
#2.... 1873 half dollar........ no arrows.......... Only a VG........ Paid VF money........ Like $60........ Let the dealer think he was rippin me.......... BTW......... It's an OPEN 3 !!!!!!! A 3K SCORE !!!!!!!!!
3 "DAMMIT BOYS"
4 "YOU SUCKS"
Numerous POTD (But NONE officially recognized)
Seated Halves are my specialty !
Seated Half set by date/mm COMPLETE !
Seated Half set by WB# - 289 down / 31 to go !!!!!
(1) "Smoebody smack him" from CornCobWipe !
IN MEMORY OF THE CUOF
Cost basis, including grading fee, about $18 each. Sold one for $750, the other for $860.
Russ, NCNE
PCGS PR68CAM Accented Hair, pop 34/0
Pulled from a $10 set. Market value, north of $700.
Russ, NCNE
There are currently 2 known examples of this variety in any condition.
Paid less than $300. Worth more than $20,000
"The Story"
Liberty: Parent of Science & Industry
PCGS MS65
Bought raw at a flea market for less than $100. Sold for $1475.
Russ, NCNE
Russ, NCNE
I believe you are mistaken there
Nothing big for me. Have bought lots of coins for a $100-$200 gain. Maybe thirty or so. I bought an XF40 1904-S for $450.00 and it would probably sell for $1200-1500 if holdered. I have bought a few coins in the $10-$15.00 range and sold it for up to ten times multiples. Not a lot of money, but way cool as a percentage.
Snoozers really, nothing dramatic and totally envious like Baley's Draped Bust half or Cratylus's (1898-o micro Barber half)
Tyler
<< <i>PCGS MS65
I believe you are mistaken there >>
Russ, NCNE
When I got home, I discovered it was really an 1893-S.
The usual devil versus the saint danced in my mind. The following Saturday, I went back to the dealer and gave him back the 1893-S.
He was so pleased with me that he gave me 3 rolls of very nice uncirculated silver dollars 1878-S, and two other common dates as well as a Gem BU 1885-S plus gave me my money back. He also gave me a BU 1927 Vermont Commem. I wanted to refuse all these goodies but the dealer's partner wanted everyone in the store to see the good deed I had done and how they were appreciative.
So I ended up with the above coins, all for free.
Would I do it again? You betcha. I just hope no one ever does it to me.
A heck of a day for a 17 year old!
rainbowroosie April 1, 2003
Looking for PCGS AU58 Washington's, 32-63.
Why step over the dollar to get to the cent? Because it's a 55DDO.
A 1956-P Lincoln in PCGS MS-67RD for $750 off Teletrade. At the time it was about a $4000-5000 coin.
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Picked up a 1956-P NGC MS67RD on eBay for $25 and sold it for $270 with Heritage.
My XF/AU 1859 IHC set me back $7 (well, my mom bought it for me, but still...
Jeremy
“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
I once bought a broadstruck 1969 Lincoln Cent from a fixed price list for $6 and sold it on eBay for $227.50. I cherried a 1941 DDO#2 from a local bid board in a group of UNC cents for $1.50; ANACS called it MS64RB, and I wound up selling it to Kevin Flynn for $250, who then pictured the coin in his Authoritative Guide on Lincoln Cents. I bought a partial roll set at an auction for less than $30 and found two 1947 DDO cents in BU, sold them both for $150 each, one of them wound up in Kevin's book too.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
1881-S Morgan, PCGS MS66PL. Paid a well established dealer $145.
To everyone who posted to this thread: YOU SUCK!
I have not had nearly as many good rips. Some okay ones. I will post them to this thread later.
Our eBay auctions - TRUE auctions: start at $0.01, no reserve, 30 day unconditional return privilege & free shipping!
Yup, it sticks to a magnet. Still pretty cool though.
I guess it wasn't really a rip after all. Nevermind.
I dearly love dealers who don't take the time to look at their coins!
Some were circ. grades but many were MS-63 to 65. Bought for the price of junk silver.
Folks just couldn't see past the toning. To date at least 50 have slabed as 65s.
The only bad thing was I only won about 10% of the lots.
1992 I entered a coin shop on one of my road trips and, upon
looking in his main case, noticed four raw $5 Indians resting on a
felt pad (with some other circulated U.S. gold.) There were 2-1908,
1-1909-D, and a VF 1915-S. The price tag for each coin was $225.
I mumbled something like, "I need $5 Indians for my customers" and
purchased the four coins.
PCGS graded the 1908 $5's MS-64 & MS-65. The 09-D came back
MS-63 and the 15-S was a courtesy purchase! The 08 $5's sold
for $4500 & $12,500 respectively and the 09-D brought $2700.
I've only "made" one MS-65 $5 Indian at PCGS (or anywhere) in my
numismatic career.
By the way, a fellow dealer (and good friend) was traveling with me
so we actually split the profit but since he had borrowed capital
previously I simply retired his debt. Needless to say, this deal
was a boost to my cash flow.
That was then and the shop has since closed.
The fifth known 1787 Connecticut Miller 33.13-gg.2. Third best. Found at an estate auction in rural Pennsylvania. Cost: $1. I sold it in 1993 (the dealer I sold it to was given credit for the "new discovery" when it was published) and it's worth a lot more today.
Most of my picks have been either rare numismatic books or good colonials. I still haven't paid more than $8 for a Machin's Mills piece.
Betts medals, colonial coins, US Mint medals, foreign coins found in early America, and other numismatic Americana
siliconvalleycoins.com
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Anyone care to guess the grade? I am going to send it in soon for grading.
-Snoodle...
So the next time I went back to the Philippines I bought a thousand dollars or so of junk I didn't need from him, to even the score. Okay, you with me now? Dig this!
When I went back to the states maybe a year later, I sent the penny to Jon (Tonelover) at Rare Coins of New Hampshire. He phones me up: "Bad news. 98% probability the 14-D is counterfeit." And so it was.
So I a-s-o-l-u-t-e-l-y ripped off this beautiful 14-D penny in MS63+ for $10; and ended up getting ripped off for $1,000 smackerooties when I made it up to the dealer. What a bummer, eh?
But that's part of coin collecting. If you never get ripped off, you ain't taking enough chances.
From Asia ... I'm still ...
Just having Fun
That Oregon is beautiful. It looks all of MS67 to me.
Russ, NCNE
Thank you. Hopefully the good people at PCGS agree with your assessment. It's as close to perfection as I have ever seen myself on an Oregon Commem. I was very excited to have had the chance to acquire it.
-Snoodle...
If we did a thread on that topic I'd have to find an alias to use, so my wife wouldn't put me outside in our Dog's house
Bought a Proof 1964 Kennedy for 12 bucks from a dealer in 1990. It came back PR65DCAM AH. in 2001. I sold it 2 years ago for $600 . I understand it rests ina PF67DCAM holder now. (NCS worked on it)
A few upgrades too but no major ones.