So I bought this quarter awhile ago for $50
partagas
Posts: 2,056 ✭✭✭
I let it set in my coin folder, knowing I got a good deal. On a whim, I submitted it for grading at and came back NGC VG8. I am really happy right now, anyone know why?
The less eloquent, cut the crap and straight to the point of the post summary.
The edited version, so I ripped this coin from an unsuspecting guy who sold it to me. I asked him how much and he said, I have no interest in that coin make an offer. I said hows $50 and he said sold. I said, cha-ching, and now that it is graded, I am really saying cha-ching.
The less eloquent, cut the crap and straight to the point of the post summary.
The edited version, so I ripped this coin from an unsuspecting guy who sold it to me. I asked him how much and he said, I have no interest in that coin make an offer. I said hows $50 and he said sold. I said, cha-ching, and now that it is graded, I am really saying cha-ching.
If I say something in the woods, and my wife isn't around. Am I still wrong?
0
Comments
-Paul
Is it listed on the NGC label as S/s??
~
"America suffers today from too much pluribus and not enough unum.".....Arthur Schlesinger Jr.
U.S. Type Set
And yes NGC's description is. 002 1856 S LG/SM S VP-001 FS-501 25C VG 8
Currently 3 coins in NGC's pop report, one a G, VG and a AU58. I don't have access to PCGS's reports. I would assume my coin would make a 4th NGC coin.
Hoard the keys.
oh sure there are exceptions. for example the highest graded example which
is often a condition rarity by itself or a southern half eagle example which people
are willing to pay up for...
but the sheer majority of them hold no interest to collectors except as curiousities
and rarely get more money at auction.
is this the case for this series? An AU s/s may very well be the finest known thus
its price was extra-ordinary? While the lower graded ones fetch compared to their cousins?
i am just curious is all. If a TPG had to tell you what you had... i cannot imagine it being
a very popular variety that most people look for.
either way i am happy for your good luck and pleasant discovery!
An AU58 1856-s just hammered for $5,750 in September to give you a comparison on the AU variety coin that sold for $39k.
A problem free quarter in similar condition to my coin would sell for around $250-$350. Given the variety I would bet my coin would sell easily above $1,000.
And know it isn't for sale, I would spend a longtime and a lot of $$$ finding a replacement for my set.
For people who don't know him, I bet that partagas knew exactly what he had well before he submitted it. No way was he relying on the TPG to "tell him what he had." In fact, it strikes me as presumptuous to say that!
"Question your assumptions."
"Intelligence is an evolutionary adaptation."
<< <i>Congrats, partagas.
For people who don't know him, I bet that partagas knew exactly what he had well before he submitted it. No way was he relying on the TPG to "tell him what he had." In fact, it strikes me as presumptuous to say that! >>
it does seem i misread the post. it appears he was happy it was
graded problem free and not for being a variety. I think i got it now.
i think you can see my confusion though.
BUT!!!!!!!!
<<<so I ripped this coin from an unsuspecting guy who sold it to me>>>
Please tell us this was a dealer and not some poor old guy needing to sell his coins that you ripped
story
BUT!!!!!!!!
<<<so I ripped this coin from an unsuspecting guy who sold it to me>>>
Please tell us this was a dealer and not some poor old guy needing to sell his coins that you ripped
See it sounds so less awesome, when you cut out the dramatic storyline! I purchased the coin from a coin show dealer.
Honestly when I bought the coin I had hoped it was the S/s. However, I didn't have my Briggs book to diagnose it with me at the show. So I made an offer I would have been fine with either way. When I got home and could really study the mint mark under greater magnification and die diagnostics I confirmed it was what I had hoped for. I was and am very happy.
its price was extra-ordinary? While the lower graded ones fetch compared to their cousins? fc
The lower grade ones command a very high price. Much more so than the other varieties of 1856-S Quarters.
The last 2 that sold on Ebay were a Fine that went for $1850 and a Good that went for $999.
You want to see how wacko the PCGS price guide is concerning the
Seated Quarters, look at what they say this variety is worth.
Ray
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"