@loudell said:
I'm going to try and attach some very hi res pics of the 1847-D gold coin. There is a small scratch in the lens of the plastic case on the front of the coin. If this is a big deal I would ask PCGS to put it in another case. I just received it from them last week.
It is not a big deal. But FWIW, scratches are easily polished-out on PCGS's newest holders.
Go to an auto parts store and buy some PlastX polish (or buy it online from Amazon). In 5 minutes it'll look like new again and you'll have saved yourself the time and hassle (and probably the cost) of returning it to PCGS for reholdering.
Lance.
How did you know how to get it graded? Did you buy a membership? Seems like you would have a decent idea of what it is worth and how to sell it, having already figured out the hard part. What is CAC? LOL!
To be fair, it's pretty easy to learn how to find a value of a coin, and get it graded. CAC is still enough of a stretch that even if he found out how to get it graded, he wouldn't know what it is. There are a lot of us out there that collect coins, and don't care if the are CACed or not.
@jwitten said:
To be fair, it's pretty easy to learn how to find a value of a coin, and get it graded. CAC is still enough of a stretch that even if he found out how to get it graded, he wouldn't know what it is. There are a lot of us out there that collect coins, and don't care if the are CACed or not.
@jwitten said:
To be fair, it's pretty easy to learn how to find a value of a coin, and get it graded. CAC is still enough of a stretch that even if he found out how to get it graded, he wouldn't know what it is. There are a lot of us out there that collect coins, and don't care if the are CACed or not.
I typed in CAC in the search bar on the front page. The message says, >1000 results. I chuckle when people can find the forum, become a member, find out how to send coins in for grading, get them graded, but them mysteriously can't figure out what it might be worth. This person knows what the coin is worth and came here to whack the coin dealer.
@Wabbit2313 said:
This person knows what the coin is worth and came here to whack the coin dealer.
Any PNG dealer that saw a genuine AU-ish Dahlonega $2 1/2 in-hand and offered $500 has earned the press they are getting.
If the story is presented exactly as it happened, agreed. It's the guise of being so naive, that he does not know what the coin is worth, that amuses me.
@Wabbit2313 said:
How did you know how to get it graded? Did you buy a membership? Seems like you would have a decent idea of what it is worth and how to sell it, having already figured out the hard part. What is CAC? LOL!
I know some people think I'm am out to "whack" the dealer but I honestly did not set out to do that. My facts as I presented are true and I will answer allegations.
My Mom (who is pretty 81, bright) also did some internet homework on the coin before she gave it to me and wrote on the coin's paper holder $2400. Somehow she thought that may have been what it was worth. But just like watching "The Antiques Road Show" she also know that could be a grossly inflated number. But $500?? Draw your own conclusions.
As I started to do more research that led me to get it graded (6 months later) and come to this forum for advice. I called PGCS told them what I had and asked their advice. Bought a membership and here I am.
My advice for coin dealers (and most service businesses):
The internet has entirely re-written the business world.
Middlemen are hardly needed unless you are internet ignorant and need someone at any cost to just take care of something for you. And those people are fewer every day soon to disappear.
Everything is more transparent and recorded in some way.
Expert information is easy to obtain .
As a rare coin middleman if you are making your living on 81 year old ladies that will take $500 for a much more valuable asset; then you are dishonest. Those little old ladies will soon disappear and your business soon thereafter.
However if you can transaction your business as a partnering consultant. With honest advice and a fair percentage you will thrive. Just like Amazon you will make smaller profits and a lot more transactions.
@Wabbit2313 said:
This person knows what the coin is worth and came here to whack the coin dealer.
Any PNG dealer that saw a genuine AU-ish Dahlonega $2 1/2 in-hand and offered $500 has earned the press they are getting.
If the story is presented exactly as it happened, agreed. It's the guise of being so naive, that he does not know what the coin is worth, that amuses me.
Correct me if I'm wrong, but the point of the thread was to figure out how to best sell it to maximize profit, not "what is it worth". He made it clear he knew it was worth a lot more than the dealer offered.
If the story is presented exactly as it happened, agreed. It's the guise of being so naive, that he does not know what the coin is worth, that amuses me.
I never said or implied that I was naive. My Mom referenced $2400 on the holder and I was offered $500 by the dealer. You don't have to be a rocket scientist to think there is a lot of distance between those 2 figures to warrant some investigation.
Frankly if I discovered that it was only worth $700-$800 and I had to buy a membership, and have it graded, insured and shipped then I would have brought it back and taken the $500.
I am glad you figured out what it is worth and you now have it for sale here. I am not a big fan of a new poster coming in and driving the bus over people. (Dealers are in fact people!) Whether that was your intent or not, it happened. Good luck on the sale and it looks nice!
Robert Evans Quote. “There are three sides to every story: your side, my side, and the truth. And no one is lying. Memories shared serve each differently.”
@loudell said:
I know some people think I'm am out to "whack" the dealer but I honestly did not set out to do that. My facts as I presented are true and I will answer allegations.
But that's what you did almost immediately. You even taunted the dealer by name in one of your earliest posts. Which, by the way, have been conveniently edited. Don't try and play the angel now.
This could have been an educational thread, but alas it went south very fast.
Numismatist Ordinaire See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
This could have been an educational thread, but alas it went south very fast.
I see it as very educational for any collector or member of the public considering selling coins to that particular dealer. But then again, I'm a collector myself who has to consider the possibility of my family visiting a dealer like that when it's time to liquidate my collection. I hope its a slim possibility, as i continue to educate my wife on the world of numismatics, but a possibility nonetheless.
It seems the dealer in question is also following this thread - why no response? I would love to hear his reasoning. I'm sure it wasn't his intent to knowingly rip the seller off. Perhaps he thought the coin would get a details grade? Or a lower grade? Or some other factor that is not immediately obvious?
While I have read this thread and tried to stay out of the opinion game, I have to pull an stman and say forget the stories here.....
If the coin presented here was shown raw to a PNG member and the offer was $500 then something is very wrong.
This screams what has been said to be wrong with our hobby.
Is this 100% of the story.... no clue, but if the offer for this coin from someone who should know what it is, should be able to know it's authenticity, should be able to grade it was only $500 ?????
Again, I have no personal knowledge of any of this so maybe I should not even post these thoughts but I already typed it so...
In the end... it ain't no skin off my nose. My offer remains the same. I work for PCGS, PayPal, EBay, US Mint, USPS , Uncle Sam and my banker... pretty much for nothin'. Not to mention indirectly working for a not so healthier dealer network. For that I am sorry.... I'm a B&M guy and the truth hurts. If I put your coin on my site and asked for Price guide, I wouldn't get it. May God bless and enrich your mom and you, for doing your due diligence. Awesome coin.
What a bunch! Anything goes if you're knocking a coin shop huh?
+1
I think the OP's last post speaks volumes...
I'm sorry but I don't understand the responses.
Do you think I made up my simple version of the fact I was offered no constructive advice and $500 for a coin potentially worth vastly more if genuine, etc.?
Are you expecting a video or audio tape of the event?
I would also like to know why I was offered so low other than the shop being "a little too conservative" (his own words).
@BillJones said:
"The Coin Dealer Newsletter" bid for an AU-50 is $2,350. I'm not sure Heritage will accept the coin for auction given the amount. I know that years ago their minimum was $2,000. I don't know what it is now.
Out of date info:
Any dealer here with a Heritage account can get 107% or better on an unreserved consignment of $25K or so. Piggyback your piece on a consignment. It will always be placed in a Signature floor session.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
get it pcgs graded and call doug winter. he will either buy it outright or take it on consignment to sell. sorry, you just do not know who you are dealing with sometimes here. ebay is dangerous too.
You might ask Great Collections to have CAC look at this coin if they feel it would improve the bidding, they could submit it for you. Good luck and keep us updated. Hopefully the $2500 will give your mom some enjoyment in her life.
I want to say that I really appreciate all of the sincere expertise that I received here.
I'm really not a coin collector but you guys are great....Lou
Comments
It is not a big deal. But FWIW, scratches are easily polished-out on PCGS's newest holders.
Go to an auto parts store and buy some PlastX polish (or buy it online from Amazon). In 5 minutes it'll look like new again and you'll have saved yourself the time and hassle (and probably the cost) of returning it to PCGS for reholdering.
Lance.
Or just try toothpaste. That's what I usually use. Most toothpaste has a slight grit to it, so it is basically a polishing compound.
Thanks so much for the advice. The small scratch on the case has been minimized.
I just posted the coin on BST
In my humble opinion this thread needs to go poof.
Coin Club Benefit auctions ..... View the Lots
Is it just me or does the coin look polished n the high resolution photos?
it's crackers to slip a rozzer the dropsy in snide
I agree with Rick. Great Collections would be the route to go.
Cheers
Bob
To the best of my knowledge and especially knowing it's background: it was never polished.
And yes....it does belong to my Mom.
Maybe it's just the lighting in the photos. I like it regardless.
it's crackers to slip a rozzer the dropsy in snide
Consider getting CAC approval if you hope to get anywhere near your asking price.
Send it to me. I'll do the work for nothing. I always do.
What is CAC approval??
caccoin.com/
A green sticker of approval on this piece could make $1,000 difference. Easily.
How did you know how to get it graded? Did you buy a membership? Seems like you would have a decent idea of what it is worth and how to sell it, having already figured out the hard part. What is CAC? LOL!
To be fair, it's pretty easy to learn how to find a value of a coin, and get it graded. CAC is still enough of a stretch that even if he found out how to get it graded, he wouldn't know what it is. There are a lot of us out there that collect coins, and don't care if the are CACed or not.
I typed in CAC in the search bar on the front page. The message says, >1000 results. I chuckle when people can find the forum, become a member, find out how to send coins in for grading, get them graded, but them mysteriously can't figure out what it might be worth. This person knows what the coin is worth and came here to whack the coin dealer.
Any PNG dealer that saw a genuine AU-ish Dahlonega $2 1/2 in-hand and offered $500 has earned the press they are getting.
If the story is presented exactly as it happened, agreed. It's the guise of being so naive, that he does not know what the coin is worth, that amuses me.
I know some people think I'm am out to "whack" the dealer but I honestly did not set out to do that. My facts as I presented are true and I will answer allegations.
My Mom (who is pretty 81, bright) also did some internet homework on the coin before she gave it to me and wrote on the coin's paper holder $2400. Somehow she thought that may have been what it was worth. But just like watching "The Antiques Road Show" she also know that could be a grossly inflated number. But $500?? Draw your own conclusions.
As I started to do more research that led me to get it graded (6 months later) and come to this forum for advice. I called PGCS told them what I had and asked their advice. Bought a membership and here I am.
My advice for coin dealers (and most service businesses):
The internet has entirely re-written the business world.
Middlemen are hardly needed unless you are internet ignorant and need someone at any cost to just take care of something for you. And those people are fewer every day soon to disappear.
Everything is more transparent and recorded in some way.
Expert information is easy to obtain .
As a rare coin middleman if you are making your living on 81 year old ladies that will take $500 for a much more valuable asset; then you are dishonest. Those little old ladies will soon disappear and your business soon thereafter.
However if you can transaction your business as a partnering consultant. With honest advice and a fair percentage you will thrive. Just like Amazon you will make smaller profits and a lot more transactions.
Correct me if I'm wrong, but the point of the thread was to figure out how to best sell it to maximize profit, not "what is it worth". He made it clear he knew it was worth a lot more than the dealer offered.
I never said or implied that I was naive. My Mom referenced $2400 on the holder and I was offered $500 by the dealer. You don't have to be a rocket scientist to think there is a lot of distance between those 2 figures to warrant some investigation.
Frankly if I discovered that it was only worth $700-$800 and I had to buy a membership, and have it graded, insured and shipped then I would have brought it back and taken the $500.
I am glad you figured out what it is worth and you now have it for sale here. I am not a big fan of a new poster coming in and driving the bus over people. (Dealers are in fact people!) Whether that was your intent or not, it happened. Good luck on the sale and it looks nice!
Robert Evans Quote. “There are three sides to every story: your side, my side, and the truth. And no one is lying. Memories shared serve each differently.”
It's cool that your mom has such a coin.
$500? PNG? Absolutely a disgrace.
BTW, nice looking coin. You should keep it.
Joseph J. Singleton - First Superintendent of the U.S. Branch Mint in Dahlonega Georgia
Findley Ridge Collection
About Findley Ridge
After further reading , it's obvious you're the middleman you speak of.
But that's what you did almost immediately. You even taunted the dealer by name in one of your earliest posts. Which, by the way, have been conveniently edited. Don't try and play the angel now.
This could have been an educational thread, but alas it went south very fast.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
I see it as very educational for any collector or member of the public considering selling coins to that particular dealer. But then again, I'm a collector myself who has to consider the possibility of my family visiting a dealer like that when it's time to liquidate my collection. I hope its a slim possibility, as i continue to educate my wife on the world of numismatics, but a possibility nonetheless.
It seems the dealer in question is also following this thread - why no response? I would love to hear his reasoning. I'm sure it wasn't his intent to knowingly rip the seller off. Perhaps he thought the coin would get a details grade? Or a lower grade? Or some other factor that is not immediately obvious?
8 Reales Madness Collection
Sell it to Doug Winters so he can sell it to RYK. LOL.
Absolutely not.
I will make no profit. Any payment check will be made out to my Mom. And I did my best to maximize her sale.
While I have read this thread and tried to stay out of the opinion game, I have to pull an stman and say forget the stories here.....
If the coin presented here was shown raw to a PNG member and the offer was $500 then something is very wrong.
This screams what has been said to be wrong with our hobby.
Is this 100% of the story.... no clue, but if the offer for this coin from someone who should know what it is, should be able to know it's authenticity, should be able to grade it was only $500 ?????
Again, I have no personal knowledge of any of this so maybe I should not even post these thoughts but I already typed it so...
In the end... it ain't no skin off my nose. My offer remains the same. I work for PCGS, PayPal, EBay, US Mint, USPS , Uncle Sam and my banker... pretty much for nothin'. Not to mention indirectly working for a not so healthier dealer network. For that I am sorry.... I'm a B&M guy and the truth hurts. If I put your coin on my site and asked for Price guide, I wouldn't get it. May God bless and enrich your mom and you, for doing your due diligence. Awesome coin.
+1
I think the OP's last post speaks volumes...
I'm sorry but I don't understand the responses.
Do you think I made up my simple version of the fact I was offered no constructive advice and $500 for a coin potentially worth vastly more if genuine, etc.?
Are you expecting a video or audio tape of the event?
I would also like to know why I was offered so low other than the shop being "a little too conservative" (his own words).
If anyone is interested I did list this coin for sale on Great Collections.
Out of date info:
Any dealer here with a Heritage account can get 107% or better on an unreserved consignment of $25K or so. Piggyback your piece on a consignment. It will always be placed in a Signature floor session.
get it pcgs graded and call doug winter. he will either buy it outright or take it on consignment to sell. sorry, you just do not know who you are dealing with sometimes here. ebay is dangerous too.
You might ask Great Collections to have CAC look at this coin if they feel it would improve the bidding, they could submit it for you. Good luck and keep us updated. Hopefully the $2500 will give your mom some enjoyment in her life.
I want to say that I really appreciate all of the sincere expertise that I received here.
I'm really not a coin collector but you guys are great....Lou