1963 PR69DC graded by M.C.C.S. FINALLY GOOD PICS!!!!
Merch
Posts: 169
Hi all, I am new in the Coin trade and want to start a good collection. I like the Franklin Halves as many do. I ran accross this 1963 PR69DC for cheap, so I bought it, knowing the value is $6000.00 and it has been graded by M.C.C.S.. I have never heard of them, but again i never heard of PCGS till 2 months ago , lmao. Are they a trusted grading company? Is $137.50 a good price on this? Thank you so much for your input, as I base my knowledge of coins apon it.
Here is the coin that I received yesterday.
OK, ...FINALLY!!! after taking a crash course in how to take pics of coins, here are my pics!!
I hope you are all Happy!!! lol, I am, ...whew!!! ok, gotta eat sometime, thanks for input.
Here is the coin that I received yesterday.
OK, ...FINALLY!!! after taking a crash course in how to take pics of coins, here are my pics!!
I hope you are all Happy!!! lol, I am, ...whew!!! ok, gotta eat sometime, thanks for input.
Joshua P. Merchant
0
Comments
<< <i>so I bought it, knowing the value is $6000.00 >>
There's no way that's a $6000 coin... if it looks too good to be true, it probably is.
Learn about the series! Read this forum for at least 6 months! Unless you're disposable income (money you can waste on bubblegum, magazines, parasailing, etc..) Is in the thousands per month you're risking a lot by not educating first.
Go back to the US COIN forum main page and enter INSTRUCTIONAL in the search line and read the franklin series by one of our own guys. THAT is some good reading. I think he's up to 20 now.
Edit..
wait.. are you a troll..
--------T O M---------
-------------------------
As mentioned above, stick with PCGS, NGC, and ANACS. You certainly can find value in other holders but you need to really know your series and see the coin in hand.
The lines on the reverse are scratches in the plastic slab. This coin has clear mirrors
and nice frost throughout.
While gems can be found in any holder, I believe you'll do better to stick to services
like PCGS, NGC and ANACS.
Try to look at lots of auction listings with good photos or, even better, get out to
a coin show where you can view the coins that interest you in hand. Even among
the top services, there will be a wide variant in the coins available in a single
grade. Only by looking at lots of coins will you be able to spot the truly nice ones.
Good luck to you!
Ken
MCCS
In their "Price Guide" they only have data on the Frankies!!
PCGS/NGC/ANACS as mentioned by many...
Mike
Lincoln Wheats (1909 - 1958) Basic Set - Always Interested in Upgrading!
When I first started coin collecting early last year I bought a 63 PR69DCAM Franklin graded by MCCS. I asked the seller about MCCS and this was her reply:
I must tell you that you will see mostly MCCS slabs on my auctions. That is my grading company of choice. Long story, but one time a while back I worked with him in a coin business. He was young and just starting out, but I knew that this guy was REALLY ON THE BALL .. he had a GREAT EYE for a GREAT BUY and Franklin halves were his specialty. [that is why I am so sure you are getting your money's worth on every franklin I let him grade.] So anyhow. The owner of the company we worked for had a Franklin half .. The MCCS guy [now, not then] wanted to buy it from the owner. The owner had just paid $1000 for it and the MCCS guy said "I will give you $3000." Now our boss said, "Don't buy it .. don't spend the money .. blah blah .. " But he bought it and sold it 2 or 3 days later for $8000.
NOT BAD HUH ?? I gave him a great big pat on the back and told him that he was someday going to do great things. And he has. YES the company is young. And because of that he has the best grading fees around. Maybe he charges me a bit less, because we once worked together, but still .. PCGS charges an arm and a leg.. and unless you have a VERY VERY expensive coin, it is pointless to spend $20 to grade with them. They are all about the same. PCI charges about half that .. and MCCS half of PCI .. I know them all .. I used to work for the owner of PCI .. In fact I still do their mailing list and their website work. [which I promised I was going to completely redo this month.] I work for myself .. and I work for a coin shop called Euram Coins.
Let me know if you are returning and when .. I will relist it. It is a great deal, so I am not concerned that it will sell again. I can even offer it to the next highest bidder. I think it would be a mistake on your part to worry about the grading company .. but it is an investment and I understand .. Maybe you see something you want to exchange for ???
Like I started out saying .. MCCS KNOWS FRANKLINS !!! That is FOR SURE. I know that first hand, I saw him make $5000 in just a few short days because of his eye for the franklins.
Diane
I posted a pic of the coin here for board members to "Guess The Grade" and most picked 67CAM and quite a few didn't think it would even CAM. I ended up selling the coin for half of what it cost me. I just wanted to share my experience with you about MCCS. Now I post a pic and get the thoughts of the members here on any coin I question before I buy it.
Hopefully your experience turns out better than mine did! Lee
Knowledge is the enemy of fear
Let me know what u think, thanks.
It's really impossible to grade a proof franklin by images, but it does look like you have at least a solid cameo there- many franklins in lower tier holders that say "dcam" often will not even be real cameo coins. That being said, I would guess that if you sent that coin in to pcgs or ngc or anacs, you might get a pr67 cam or pr68 cam IF there are no significant hairlines- at which point you would be talking about a coin that would have a retail value ranging from $40- $100 (depending on grade and holder). Personally, I would give it a small premium because of the cool toning...... but you're still talking about far less than what you paid. I bought a similer looking 63 cameo (that I believe borders on dcam) franklin with toning (the toning was a touch more pronounced and very attractive) in a capital plastics holder on ebay. I spent less than $15 including shipping... That's when you know you got a good deal on a cameo franklin!
And one final point- you're not going to find a $6000 cameo franklin on ebay for $137.50. If somebody is trying to sell you a coin by telling you the astronomical value it has, then it's most likely going to be worth less than what you paid....
<< <i>Dont know wheather to sent it to PCGS or just leave it be, what do you think? >>
If you like it, leave it be. Sending it to PCGS will probably be a rude awakening.
If you wish to sell it in the future, though, don't count on MCCS's opinion for diddly-squat. It may well be a very nice coin, but it is certified by a generic no-name service that has near-zero credibility in the marketplace. People will bid on it as though it were a raw coin. This is what I do on the rare occasions that I bid on coins in Third World plastic. (Actually, PCI and SEGS are the third tier... I would consider MCCS and the rest of the nobodies to be fourth-tier or lower).
<< <i>knowing the value is $6000.00 and it has been graded by M.C.C.S.. I have never heard of them (...) >>
... and neither has practically anyone else, except maybe those of us who've poked fun at the "toilet seat" holders.
How do you know this coin is worth $6,000.00? Did somebody quote the PCGS priceguide? Newsflash: the PCGS priceguide lists prices for coins that are in PCGS plastic, and even then it runs absurdly high on a lot of things.
If it were really worth $6,000, do you think you'd have been able to buy it for $137.50?
Sorry to be so blunt, but it had to be said. There is no Santa Claus in the coin business. (Well, maybe there is, but he doesn't show up too often. And he usually doesn't mess with Third World plastic.)
I can't see your pictures- they're red-X at the moment, but it may be my crappy connection from here at home (out in the country-stuck with fargin' dialup- ugh!). It's entirely possible that the coin you bought is a very nice coin and actually worth the money you paid. (I hope it is, for your sake). But forget about it grading 69 DCAM at a real grading service, much less being worth $6,000. (I can confidently say this even though I am unable to see the picture... that's what I think of MCCS and other fly-by-night services.)
Saw your pics.
It IS a good looking coin, and I think it's got a pretty solid shot at Cameo (CAM).
Deep Cameo (DCAM)? Fuhgeddaboutit.
See the black and white contrast in your icon? THAT is how bold the contrast should be on a DCAM.
And personally I doubt if you could get a favorable response here on an expensive coin in a third or fourth tier slab no matter what it looked like.
FYI: I'm sure you're not the only one in this topic that's ever "Overpaid" for a coin
-Daniel
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
Nice coin otherwise....the kind I like.
<< <i>you're not going to find a $6000 cameo franklin on ebay for $137.50. >>
Well, that's some depressing news.
Russ, NCNE
I should have stated: You're not going to find a $6000 cameo franklin on ebay for $137.50, UNLESS your name is Russ- and then you've got a shot!
3 horse win parlay,first 2 win and i have 88 bucks to win on the 3 rd horse which is 30-1 on the morning line,goes off at 78-1 and wins ! pays 156.40,got 44 bets on him,156.40 X 44 is about 6700 bucks.
Damm !
Sounds like Russ and Marty !
I didn't understand a damned thing you just said, but it sounds cool.
Russ, NCNE
20 dollar win parlay.
20 on the 1st horse,he wins and pays about 5 bucks for every 2 bet or about 50 bucks (this is the raw 64 Kenny that comes Back Anacs ,64 Kenny no AH in Pr65)
50 on the 2nd horse,he wins and pays about 3.30 for every 2 bet or about 89 bucks (this is the Anacs crackout that comes back from NGC as an PR66 CAM AH)
88 on the 3rd horse,he wins and pays 156.40 for every 2 bet or 156.40 x 44 (this is the NGC crackout that comes back from PCGS as a PR69DCAM AH,AKA CHA CHING ! )
Edited to add my math was bad !
Simple aint it !
Cameron Kiefer
come on now,simple.
Ya take a 20 dollar dog,dip it and crack it twice and voila ! 6700 bucks !
Just find the 20 dollar gem in desguise !
Thats what Russ and Marty do !
<< <i>88 on the 3rd horse,he wins and pays 78.20 for every 2 bet (this is the NGC crackout that comes back from PCGS as a PR69DCAM AH,AKA CHA CHING ! ) >>
If you won $6700, you're off by about $10,000.
Russ, NCNE
Whats 156.40 x 44 ?
<< <i>Russ,
Whats 156.40 x 44 ? >>
Just learn how to grade and not throw tons of money into it hoping to score.
Cameron Kiefer
156.40 for every 2 bucks bet on the 3rd Horse
156.40 X 44
6881.60
<< <i>Russ,
Whats 156.40 x 44 ? >>
The reference wasn't about your math, it was about the discrepancy between your $6700 in winnings and the market value of a PR69DCAM Accented Hair. Should one ever be graded, it'd take at least $15,000 just to get in the door.
Russ, NCNE
Thanks for clearing that up !
PR68DCAM AH ?
You get the idea however.