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$50 Pan Pac Octagonal Unc details

WeissWeiss Posts: 9,942 ✭✭✭✭✭
NEN has a $50 pan-pac octagonal NGC unc details.

You have to own it, one way or another: Keep it improperly cleaned/nicked or pocket piece it down to a legit XF+?

image

NEN gold commems
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

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    AUandAGAUandAG Posts: 25,038 ✭✭✭✭✭
    Personally I would pocket piece it. Have two in my pocket tonight....it works and just takes time. But the cleaning can't be too deep.

    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
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    JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    You're going to be wearing baggy pants for awhile.....



    mark
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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    lkeigwinlkeigwin Posts: 16,895 ✭✭✭✭✭
    Unless the cleaning was downright atrocious (it doesn't seem so) t'd resubmit it once or twice.

    Lance.
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    MonsterCoinzMonsterCoinz Posts: 1,518 ✭✭✭✭✭
    You could get that to a legit AU with some Deller's and some pocket rub I would think.
    www.MonsterCoinz.com | My Toned Showcase

    Check out my iPhone app SlabReader!
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    lordmarcovanlordmarcovan Posts: 45,165 ✭✭✭✭✭
    Originally posted by: AUandAG

    Personally I would pocket piece it. Have two in my pocket tonight....it works and just takes time. But the cleaning can't be too deep.

    bobimage




    You have TWO Pan-Pac octagonal fifties in your pocket tonight?



    Wow, those must be some pretty deep pockets! image



    I only have one, but I keep it in the same pocket with my Gobrecht dollar pocket piece.



    I keep the Stella in the same pocket with my keys.

    Collector since 1976. On the CU forums here since 2001.

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    Originally posted by: lkeigwin

    Unless the cleaning was downright atrocious (it doesn't seem so) t'd resubmit it once or twice.

    Lance.




    This.

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    stevebensteveben Posts: 4,666 ✭✭✭✭✭
    Xg 45 would make no sense for this piece. These did not circulate. I see Marks on the rims that make it look like it was in jewelry at some point. It's a cool coin but I would look for a better example.
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    At nearly 3 ounces with 8 corners it could make for a painful run to your car in the rain without a athletic cup image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    commoncents05commoncents05 Posts: 10,101 ✭✭✭
    Is this the coin that Jeff Garrett tried to sell Rick on PawnStars last week? Surprised I haven't seen a thread about that episode, it featured a lot of video at the FUN show.



    -Paul
    Many Quality coins for sale at http://www.CommonCentsRareCoins.com
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    TheDukeKTheDukeK Posts: 359 ✭✭✭
    I'd leave it.
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    PerryHallPerryHall Posts: 47,605 ✭✭✭✭✭
    Originally posted by: mach1ne

    You could get that to a legit AU with some Deller's and some pocket rub I would think.




    Deller's Darkener is for use on nickels and won't work on gold or silver coins.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    PerryHallPerryHall Posts: 47,605 ✭✭✭✭✭
    Originally posted by: Justacommeman

    You're going to be wearing baggy pants for awhile.....



    mark




    Agree. It's too heavy for a pocket piece and with the corners you'd have to be careful not to hurt yourself. Also, it'll wear a hole in your pocket.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    291fifth291fifth Posts: 25,207 ✭✭✭✭✭
    It is simply a problem coin. The problem isn't going to get better. Don't make someone else's problem your problem.
    All glory is fleeting.
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    YorkshiremanYorkshireman Posts: 4,613 ✭✭✭✭✭
    Originally posted by: lordmarcovan
    Originally posted by: AUandAG
    Personally I would pocket piece it. Have two in my pocket tonight....it works and just takes time. But the cleaning can't be too deep.
    bobimage


    You have TWO Pan-Pac octagonal fifties in your pocket tonight?

    Wow, those must be some pretty deep pockets! image

    I only have one, but I keep it in the same pocket with my Gobrecht dollar pocket piece.

    I keep the Stella in the same pocket with my keys.


    LM, you are a funny man!
    Too bad these aren't good enough to be in your Box of 20.
    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
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    oih82w8oih82w8 Posts: 13,127 ✭✭✭✭✭
    Originally posted by: Justacommeman

    You're going to be wearing baggy pants for awhile.....



    mark




    First thing that I thought of when I read Mark's comment...your pants are going to be baggy because you emptied your wallet on a problematic coin.



    Those are some nasty rim cuts. image
    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

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    PerryHallPerryHall Posts: 47,605 ✭✭✭✭✭
    Originally posted by: oih82w8

    Originally posted by: Justacommeman

    You're going to be wearing baggy pants for awhile.....



    mark




    First thing that I thought of when I read Mark's comment...your pants are going to be baggy because you emptied your wallet on a problematic coin.



    Those are some nasty rim cuts. image




    Those rim cuts look like they would be easy to repair by someone who knows what they are doing such as Allen Stockton.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    7Jaguars7Jaguars Posts: 7,994 ✭✭✭✭✭
    Would you buy it at $10k? I mean there is a supply and demand curve....Wouldn't touch at that price however.
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
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    PerryHallPerryHall Posts: 47,605 ✭✭✭✭✭
    Originally posted by: 7Jaguars

    Would you buy it at $10k? I mean there is a supply and demand curve....Wouldn't touch at that price however.




    I'd buy it at $10,000 in a heartbeat. NEN is asking close to $50,000 though.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    I don't see anything getting those nicks out. And I don't make myself a target by ever carry that much of value in my pockets.



    image
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    Coin FinderCoin Finder Posts: 7,764 ✭✭✭✭✭
    I would not touch it. On a coin/slug like that I would rather own a cleaned unc than a worn (artificially) piece.... AW..... artificial wear, no thanks!
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    ZoinsZoins Posts: 34,489 ✭✭✭✭✭
    Originally posted by: PerryHall
    Originally posted by: 7Jaguars
    Would you buy it at $10k? I mean there is a supply and demand curve....Wouldn't touch at that price however.


    I'd buy it at $10,000 in a heartbeat. NEN is asking close to $50,000 though.


    Me too. It would be a bargain at $10k IMO.
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    ZoinsZoins Posts: 34,489 ✭✭✭✭✭
    Originally posted by: PerryHall
    Originally posted by: oih82w8
    Originally posted by: Justacommeman
    You're going to be wearing baggy pants for awhile.....

    mark


    First thing that I thought of when I read Mark's comment...your pants are going to be baggy because you emptied your wallet on a problematic coin.

    Those are some nasty rim cuts. image


    Those rim cuts look like they would be easy to repair by someone who knows what they are doing such as Allen Stockton.


    Agree - should be easy to repair. Nice option vs. keeping it as is or wearing it down. I would never wear that down to XF+. That would be a huge disservice to the community.
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    I would take it at melt.... and keep it as is.... Cheers, RickO
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    7Jaguars7Jaguars Posts: 7,994 ✭✭✭✭✭
    No, my point is at what point would the coin find a buyer? Methinks 25k would still be a decent price. IMO, the nicks aren't that bad but worse than 50k!
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
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    BaleyBaley Posts: 22,663 ✭✭✭✭✭
    Originally posted by: 7Jaguars

    Would you buy it at $10k? I mean there is a supply and demand curve....Wouldn't touch at that price however.




    More accurately, there's a price and demand curve. The supply of this particular coin is one.



    It's tough to value "problem" coins such as this. What's a fair net grade?



    Of course we'd all buy it "at melt", and most of us at $10k, but so far, no takers at $50k



    For reference, price guide has

    VF30= $43k, EF40= $46k, AU50= $50k, AU55= $55k, MS60=59.5k



    A dream coin in any grade for most collectors, no way this can rationally "net" lower than VF, could it?

    Liberty: Parent of Science & Industry

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