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When buying the coin, not the holder backfires!

ArtistArtist Posts: 2,013 ✭✭✭
edited November 20, 2017 9:40AM in U.S. Coin Forum

This was the 1914-D Eagle in my collection: An NGC MS63

It is gone, but I'd like to replace it.

The problem is, all of the 15-20 MS63s I have seen for sale so far, are all pretty baggy, or have hits in prime areas. So too do most of the 63s in Heritages archives. I am starting to resign myself to the idea that if I am to replace my coin with one of comparable quality, I am going to need to look to an MS64, and those cost twice as much or more than 63s! Buy the coin not the holder... but then just hope you never need to replace it. :(

Comments

  • david3142david3142 Posts: 3,606 ✭✭✭✭✭

    Sounds like you sold the holder, not the coin!
    Why didn’t you hang on to it?

  • BryceMBryceM Posts: 11,863 ✭✭✭✭✭

    It’s not to hard to look at 20-30 or more of these at a big show. Surely you’ll find one at that grade that you like as much......

  • ArtistArtist Posts: 2,013 ✭✭✭

    @david3142 said:
    Sounds like you sold the holder, not the coin!
    Why didn’t you hang on to it?

    Not by choice - it left through a broken glass patio door leading out to my backyard.

  • JBKJBK Posts: 16,472 ✭✭✭✭✭

    @david3142 said:
    Sounds like you sold the holder, not the coin!

    Interesting take on the situation, and apparently true! It appears that someone got a good deal....

  • ArtistArtist Posts: 2,013 ✭✭✭

    @JBK said:

    @david3142 said:
    Sounds like you sold the holder, not the coin!

    Interesting take on the situation, and apparently true! It appears that someone got a good deal....

    Yeah, you can’t beat free - if you are willing to risk prison.

  • ChrisH821ChrisH821 Posts: 6,757 ✭✭✭✭✭

    Sucks man, certainly looks nice for a 63. I've looked for nice Indian $10's at local shows and haven't found one I like enough to jump on. Have you flagged the cert # with NGC?

    Collector, occasional seller

  • david3142david3142 Posts: 3,606 ✭✭✭✭✭
    edited November 20, 2017 10:04AM

    @Artist said:

    @david3142 said:
    Sounds like you sold the holder, not the coin!
    Why didn’t you hang on to it?

    Not by choice - it left through a broken glass patio door leading out to my backyard.

    I am so sorry to hear that! I apologize if my comment was poorly received. I obviously did not know the circumstances.
    Was it insured at the value of a 63?

    I hope you are able to find a suitable replacement (or somehow get your original coin back).

  • JBKJBK Posts: 16,472 ✭✭✭✭✭

    @Artist said:

    Yeah, you can’t beat free - if you are willing to risk prison.

    That's a double "ouch". Sorry to hear about it. It would be bad enough if it left your possession voluntarily but this way is a real body blow, a real violation of your sense of security. Sort of makes you hope that when the perpetrator meets Karma, Karma is holding a 12 gauge...

  • ArtistArtist Posts: 2,013 ✭✭✭

    @david3142 said:

    @Artist said:

    @david3142 said:
    Sounds like you sold the holder, not the coin!
    Why didn’t you hang on to it?

    Not by choice - it left through a broken glass patio door leading out to my backyard.

    I am so sorry to hear that! I apologize if my comment was poorly received. I obviously did not know the circumstances.
    Was it insured at the value of a 63?

    I hope you are able to find a suitable replacement (or somehow get your original coin back).

    No worries!! :) No offense taken.

    I am trying to move on from the robbery aspect, and onto the rebuilding of my collection aspect. To this end, I intend to come to this group with questions or observations as I go -- I just don't want to keep beginning every new post with another preface of how my collection was stolen.

  • CaptHenwayCaptHenway Posts: 32,791 ✭✭✭✭✭

    @Artist said:
    This was the 1914-D Eagle in my collection: An NGC MS63

    It is gone, but I'd like to replace it.

    The problem is, all of the 15-20 MS63s I have seen for sale so far, are all pretty baggy, or have hits in prime areas. So too do most of the 63s in Heritages archives. I am starting to resign myself to the idea that if I am to replace my coin with one of comparable quality, I am going to need to look to an MS64, and those cost twice as much or more than 63s! Buy the coin not the holder... but then just hope you never need to replace it. :(

    I guess that thanks to gradeflation, MS-63's are not what they used to be.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • JBKJBK Posts: 16,472 ✭✭✭✭✭
    edited November 20, 2017 10:27AM

    @ChrisH821 said:
    Have you flagged the cert # with NGC?

    I am completely uneducated on this aspect, but it is a topic I have spent a lot of time thinking about. I support a robust process for alerting the numismatic community to thefts of identifiable coins.

    I am curious to know what a TPG does when a coin is "flagged" - will they alert anyone doing a search that the coin was stolen?

  • SeattleSlammerSeattleSlammer Posts: 10,066 ✭✭✭✭✭

    Seems like it was undergraded at 63. But I guess that’s your point. Good luck.

  • ArtistArtist Posts: 2,013 ✭✭✭

    @JBK said:

    @ChrisH821 said:
    Have you flagged the cert # with NGC?

    I am completely uneducated on this aspect, but it is a topic I have spent a lot of time thinking about. I support a robust process for alerting the numismatic community to thefts of identifiable coins.

    I am curious to know what a TPG does when a coin is "flagged" - will they alert anyone doing a search that the coin was stolen?

    Thanks for the tip. I did not know this was a possibility, so it is certainly something I will look into.

    Unfortunately, my sense is that all of my gold coins were likely melted by now.

  • ChrisH821ChrisH821 Posts: 6,757 ✭✭✭✭✭

    I'm not sure how it works but I'm pretty sure the TPGs invalidate a certificate # if you can prove it was stolen. I would imagine a police report with the proper information would be adequate.

    It would be a shame if they were melted

    Collector, occasional seller

  • OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭

    That's awfully nice for a 63.

  • ArtistArtist Posts: 2,013 ✭✭✭

    @Outhaul said:
    That's awfully nice for a 63.

    Right? :(

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭

    That's a wonderfully delicious Eagle, Chuck. I empathize with your loss. :(

  • johnny9434johnny9434 Posts: 29,308 ✭✭✭✭✭

    i dont blame you for wanting to replace that. its a nice looker

  • ashelandasheland Posts: 23,784 ✭✭✭✭✭

    That's one heck of a "63"!

  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    That is a good looking coin, hope it all works out for you.

  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    @Artist said:

    @david3142 said:
    Sounds like you sold the holder, not the coin!
    Why didn’t you hang on to it?

    Not by choice - it left through a broken glass patio door leading out to my backyard.

    sorry to hear about this.
    Those rats!

    Frank

    BHNC #203

  • BuffaloIronTailBuffaloIronTail Posts: 7,550 ✭✭✭✭✭

    @SeattleSlammer said:
    Seems like it was undergraded at 63. But I guess that’s your point. Good luck.

    That coin looks better than a 63, IMHOP. It's pretty "clean" for the grade.

    What a bummer!

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • BillJonesBillJones Posts: 34,843 ✭✭✭✭✭
    edited November 20, 2017 9:04PM

    "Grade-flation" has changed the standards, and that has encouraged a lot of crack-outs and resubmissions. Most of the coins I have purchased over the past year have been in new PCGS holders, and a couple of them once were in old PCGS holders with lower grades on them. Unfortunately it's a sign of the times.

    Still if you are looking for a generic $10 Indian in MS-63 PQ, you might still find one. The incentive for messing with a common date to get one more grading point would seem to me to be less. But I must warn you. Even in "the good old days" many MS-63 graded coins were baggy and subpar in my opinion. I usually had to buy an MS-64 to get what I wanted. It took me a while to find a 1932 $10 Indian that I liked. It just got over the MS-63 line according to my standards. It also had an Old Green Label.

    If you are a collector, sometimes is better to hold on to "the right coin" and get temped by an opportunity to gather in a short term profit that might cost you money later.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • lkeigwinlkeigwin Posts: 16,893 ✭✭✭✭✭

    That's a lovely eagle especially for the grade. I am sorry for your loss. I hope you get lucky replacing it.
    Lance.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @Artist.... a truly nice coin that drips with luster. Will be difficult to replace such a coin in the same grade... Best of luck.... and I hope your coins are recovered.... Cheers, RickO

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