Flying eagle cent-an intresting read
Garneteye
Posts: 1,168
Go to the E-bay auction and read the entire discription. I found it intresting and thought others here might also.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3053420607&category=11942
Dan
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3053420607&category=11942
Dan
The glass is half full!
0
Comments
"Exactly."
Rick gave him a copy of his attribution guide. Hopefully it will get read some day.
that I returned because it was not a circulation strike, but a proof restrike ( S-9). The coin on this e-bay auction was graded PR 58.
.... What's going on with misattributing this coin ??
DLRC has their coin at $11,800, but its alot nicer than the e-bay coin.
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Why would it be so hard to do what Rick suggests?? Here you have a guy that does nothing but FE/IHC's and has put a tremendous amount of research into the topic with absolutely no vested interest. I just don't get it.
<< <i>Hall's posture appeared to be, "Don't confuse me with the facts. My mind is made up". >>
<< <i>.... What's going on with misattributing this coin ?? >>
<< <i>Why would it be so hard to do what Rick suggests?? >>
These comments also seem to sum up PCGS' view of the 65-67 SMS coins. I am surprised at how many still dump hundreds if not thousands of dollars into his pockets through PCGS submissions. It's all about money, and you all are not the ones getting it either. Everybody already knows that PCGS misattributes, misgrades, and misguides through their so called "pricing guide". And yes, they don't do it often, but from what I see, they do it enough to keep money rolling in to DHRC through "top pop" coin availability on his eShop. Oh yes...I too would spend $1,700 for a PR70 1996S Lincoln Cent....NOT!!!!
IMHO, David Hall does not care becuase people continue to feed him through PCGS submissions, and newbies to the community feed him through DHRC because the PCGS "price guide" says he gives you a 10% discount, and behold...he has most of the top-pops available!!
No thanks!
I've seen better coins than many of the PCGS entombed ones I have seen. Maybe I'm just unlucky enough to see the worse end of the professionally graded slabs, but they just don't impress me. I'll keep my raws any day. I buy coins, not holders. And when I do buy holders, they're usually air-tites for about 40 cents apiece.
The sad thing is, today too many are relying on these so-called professionals to grade coins. Many in our community are too lax to learn how to differentiate grades, cleanning, authenticity, attributes, etc....basic concepts that anybody into the "hobby" should familiarize themselves with. Instead, I see many questions on many different forums about "is this coin worth it", "is this a good investment", "will this turn a profit". I'm sorry, but it all SICKENS me to see how the professional grading system is turning the community into a community of opportunists looking for a quick buck.
The reason I say it's the Professional grading system, is because these grading services are looked upon and even push the opinion that it is safer to trade in slabbed coins because they have an "expert" opinion as to grade, authenticity, and attribute. That is not to say that you cannot learn from their opinions, or that they have no use (especially in todays sight-unseen trading over the internet), but the fact that a phenomenon has occured, and it is this one person's opinion that those running the grading systems are jumping on the bandwagon and trying to make a quick buck themselves while they have the chance.
The fact that David Hall does not care about proper attribution in the case of the FEs as well as '65-'67 SMS shows that focus is NOT on proper grading of the coin, but on money. They make money on the slabbing, they make money on the confusion caused in the uninformed newbie community looking to make themselves a quick buck or trying to fill a newly started set...and something that should only be $20-$30 suddenly turns into $1000, or on the other hand, others are kept from excelling in investment or collection worth through misattribution (or misgrading), thus keeping those with the "properly" attributed and graded coins in "top pop" and thus in high end vestment and valuation (remember, the more available the specimen, the lower the realized price and worth of the coin).
Anyway, I'll shut up now
I lurk here mostly, and don't post much (I think you see why now), but I am really getting fed up with this slab and so-called "professional knows all" mentality I am seeing around the community lately, that I just had to put my two cents worth in.
www.Numismatic-Playground.com
Except the stupid part
Live Long and Prospect.
As soon as that coin hit the site few weeks back I grabbed it, but after looking at it closer, I noticed it was an S-9 also. I am not sure why PCGS called it an AU-58. As It has the coin number of 2037, which is the proof coin number identifier. Anyway, that coin had a nice look, but if viewed under a glass, it had been cleaned on the obverse, as darker toning could be seen in and around the lettering from where the cleaning missed, and you could tell that the obverse had been lightend up. The reverse was exceptional IMO. Thing is, being an S-9, you can find a lot nicer proof by going to a PF-63 or even 4 and still be under 14k.
I told them that it was an S-9 proof, and obviously you told them the same. When I saw it reposted on thier site, with the corrected description, I felt good about any future deals I may have with DLRC.
By the way, DLRC sold that coin today at the St Louis show for 11,500.00 I believe
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jim
The s-3 on e-bay currently (Ira Steins coin) has a decent surface and color, but I would like to see more detail especially in the eagle's head. The S-3's typically are softer on design elements but can be found with stronger heads, like Goose's S-3 Au-50
I too have been following this saga with interest.
PCGS needs to step up and properly attribute. I am no FE expert but with the right guide book can attribute between a MS and PR.