Anyone want to bet

Crypto · September 22, 2021 5:11PM

I was following this SLD to crack out and put in my silver dollar tray that I have to enjoy raw coins. It jumped at the end to a level I can only see making sense if you can get money in between problem and speculative.

https://coins.ha.com/itm/seated-dollars/1846-o-1-repaired-pcgs-genuine-vf-details-mintage-59-000/a/132138-27298.s

Anyone want to bet a burger at the next Baltimore show that it pops up (raw) on eBay here shortly as grandfathers treasure trove/ amazing find

Serious point for the old timers, what percentage of auction blow out problem coins go to collectors vs opportunistic flippers? I would guess collectors are a small percentage

braddick · September 22, 2021 5:16PM

By "altered" PCGS means re-engraved. It was skillfully done. Both obverse and reverse. That would be a fun coin to own in a DANSCO type set.

gumby1234 · September 22, 2021 5:18PM

Not much of a gambler. Also I won't be at the show. Likely to end up cracked on ebay soon as you say.

Smudge · September 22, 2021 5:27PM

I would bet the 200 year old safe will be involved, maybe.

amwldcoin · September 22, 2021 5:57PM

I disagree. That's not a crazy price IMHO!

No Headlights · September 22, 2021 6:09PM

Problem SLD are the norm as opposed to the exception. Original problem-free coins are tough!!!
And also, forget the price guides when they show up.

Bochiman · September 22, 2021 6:20PM

It will definitely be cracked and offered raw or in a low end TPGS holder.

ricko · September 23, 2021 6:09AM

I hope our resident detectives track this one and lets see if it does turn up with a 'story'.... Should be a fun experiment. Cheers, RickO

TradesWithChops · September 23, 2021 10:59AM

@Crypto said:
I was following this...

Could end up in a known dealers ebay auctions - with highly photoshopped photos.

dcarr · September 23, 2021 2:08PM

@braddick said:
By "altered" PCGS means re-engraved. It was skillfully done. Both obverse and reverse. That would be a fun coin to own in a DANSCO type set.

The PCGS holder says "repaired". The auction description does not elaborate.
I do not see any evidence of re-engraving. But it does look like there may have been some damage in the field above and to the left of the Eagle's head. The damage may have been a more-severe version of what can be seen in the vicinity of "AM". The damage was repaired and that area was smoothed out and toned over. In addition to the change in color and texture of the field in that area, there is the tell-tale sign where the smoothing affected the first "S" in STATES.

dlmtorts · September 23, 2021 3:09PM

The expert knowledge posted here is much appreciated. I would have never noticed the damage But for dcarr pointing it out and explaining it. Now it’s visible.

jmlanzaf · September 23, 2021 3:25PM

@amwldcoin said:
I disagree. That's not a crazy price IMHO!

I agree with you. But I also think that price makes sense for the final owner not a flip.

kaz · September 23, 2021 5:04PM

I was thinking along the lines of DCarr; I also think there was some smoothing done in the right obv field. Actually pretty nice looking and with O mints being so popular now, I think it went to a collector not a flipper.

Anyone want to bet

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