Here it is...Would you consider this a "Problem Coin"?
Prethen
Posts: 3,461 ✭✭✭
[My observations are later in the thread.]
...I do...with about 80% certainty which is why it's going back today via Registered mail. This is in relation to this thread (I wanted to start a different thread since it is a somewhat different topic). There's no way I want this in my collection with a question mark forever on top of it.
I think the obverse is fantastic. Those couple of hits aren't too hard to overlook. The problem is a bit subtle but presents a major red flag to me. I've given you folks some big hints by showing the enlarged areas. What are the major red flags to you...if any? Would you have kept the coin? I'll discuss my opinions once I've heard some of yours.
...I do...with about 80% certainty which is why it's going back today via Registered mail. This is in relation to this thread (I wanted to start a different thread since it is a somewhat different topic). There's no way I want this in my collection with a question mark forever on top of it.
I think the obverse is fantastic. Those couple of hits aren't too hard to overlook. The problem is a bit subtle but presents a major red flag to me. I've given you folks some big hints by showing the enlarged areas. What are the major red flags to you...if any? Would you have kept the coin? I'll discuss my opinions once I've heard some of yours.
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Comments
Nice obverse.
TD
Strangely, I don't hate this coin. It looks good overall, and some minor work was possibly done on it. To me, the small dig on the obverse is more distracting than the possible PVC. I wouldn't send it to PCGS, and I wouldn't pay full retail for it, but it's not a bad 1872.
K S
Money back will allow you to put in perspective a problem free example for the future.
We know you love the 1872 anyway, so I feel your pain on this one.
QN
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My guess is, you won't find another VF 1872 2c priced at PCGS Fine money anytime soon.
<< <i>Yes, it is a problem coin, but IMO it is a very tough coin and worth every penny of $600. These do not come around enough where you can pick and choose the perfect coin. I'd say buy it and when a better one comes along, upgrade.
My guess is, you won't find another VF 1872 2c priced at PCGS Fine money anytime soon. >>
Respectfully...I do not agree with this advice at all.
I understand it's a tough coin, but it's not extremely rare and it's clearly a problem coin. More importantly, it seems obvious that Prethen is not happy with it. Therefore, buying it would be a waste of money at any price. Plus, when it's time to upgrade, the coin will be a hard sell and you'll probably lose money. There's a reason it's a "VF 1872 2c priced at PCGS Fine money".
Best to return it and be patient...another, better, example will come along.
<< <i>MId-life: Yes, maybe true. It is a price purchase. I think a problem free coin with that detail would be $850 to $950. Does that enter into the equation? >>
Sure, EagleEye. We buy what we can afford. But you gotta be happy with your purchase...and, hopefully, stay happy with it for a long time.
<< <i>Yes, it is a problem coin, but IMO it is a very tough coin and worth every penny of $600. These do not come around enough where you can pick and choose the perfect coin. I'd say buy it and when a better one comes along, upgrade.
My guess is, you won't find another VF 1872 2c priced at PCGS Fine money anytime soon. >>
100% agreement. IMHO you will pay a fair deal more for a non-"problem" coin than for this one which is everything it needs to be for $600. That said - if it isn't about what you paid for it - but what you desire - regardless of the cost. Return it with no animus to whom you purchased it for - unless you were in some way deceived.
<< <i>What I am getting at is, this coin is as good as $600 cash in my book. It is not a bad purchase, warts and all. >>
EagleEye---If you owned this coin, would you attempt to conserve it?
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
<< <i>Where did you get the images from... >>
They're my pictures.
The dealer told me that the coin was problem-free. He also knows that I'm pretty picky. Yep, I thought I was going to get a decent deal (and I have in the past with him). This was definitely no deal.
Here's my take:
* The first red flag was that the reverse condition looked drastically different than the obverse. A dark, dirty reverse and a non-dirty obverse seemed odd to me. I don't exactly call that appealing, even if it was original.
* The dirt has a green tinge to it. This is a major alert as to the possibility of corrosion hidden underneath the dirt. I've been fortunate in the past and taken off dirt like this and no harm was done to the coin and the surface looked fine. However, I'd own the coin if I decided to take it from its 2X2 and try anthing with that dirt.
* Finally, and this was the clincher for me. It appears that the "dirt" was APPLIED on. I don't know about you guys, but for me it's a first to see that the fingerprints are actually in the dirt as if someone was pressing their fingers onto the surface. This doesn't seem realistic for simple normal handling. Those prints are all over the place! They're evident on top of the devices where someone would "slip" the dirt over the device to place it over the fields. I have a strong feeling that something is being hidden underneath that dirt....and I don't want to find out the hard way!
I would prefer to pay more and have a coin I really like
than pay less, for a coin that is worth it, but that I don't like