Gold $1 snipe.

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  • tightbudget
    tightbudget Posts: 7,299 ✭✭✭
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    Nice coin! image
  • cameron12x
    cameron12x Posts: 1,384 ✭✭✭
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    I think you did very well... very nice coin!
  • ambro51
    ambro51 Posts: 14,471 ✭✭✭✭✭
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    I think you done exceptionally well!!
  • Alltheabove76
    Alltheabove76 Posts: 1,536 ✭✭✭✭
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    Price wise it seemed like a good grab. I hope the luster is nice in person.
  • ambro51
    ambro51 Posts: 14,471 ✭✭✭✭✭
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    Ngc 62s can look a little satiny but I'm sure you will be happy. This is one of the more common varities of the 1849, I like how strong the reverse is on this one. It looks like it was struck from a die which was not relapped. If you haven't bought qdbs gold dollar book yet you need to do that. I would have bought that coin too fir what you paid.
  • liefgold
    liefgold Posts: 1,786 ✭✭✭✭✭
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    I think you got a great deal!! First, I was the underbidder on that coin and I really did not even need it since I have one. Second, that exact coin just sold at Heritage CSNS auction 2 weeks ago for $632, look it up. I viewed the coin in person while at the show and was impressed by the nice stike and luster. I cannot figure out why someone would pay $632 for it and sell it 2 weeks later for $424 less ebay fees. What a bath they took.
    liefgold
  • Alltheabove76
    Alltheabove76 Posts: 1,536 ✭✭✭✭
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    << <i>Ngc 62s can look a little satiny but I'm sure you will be happy. >>



    But this was a PCGS?
  • Alltheabove76
    Alltheabove76 Posts: 1,536 ✭✭✭✭
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    << <i>I think you got a great deal!! First, I was the underbidder on that coin and I really did not even need it since I have one. Second, that exact coin just sold at Heritage CSNS auction 2 weeks ago for $632, look it up. I viewed the coin in person while at the show and was impressed by the nice stike and luster. I cannot figure out why someone would pay $632 for it and sell it 2 weeks later for $424 less ebay fees. What a bath they took. >>



    Really? Wow. It was a no reserve auction. Poor guy.

    Here is the link. Thanks for making my day!
    HA Link
  • ambro51
    ambro51 Posts: 14,471 ✭✭✭✭✭
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    sorry My mistake. looking over your posts at like 3 Am at home on a toss-N-turn night with the iPhone.

    You did really good for a pcgs coin.

    It is amazing how sometimes people will take a bone stupid loss. Whats the point??

    One can have quite a collection in Gold dollars just specializing in the 1849's!!!

    enjoy!
  • Alltheabove76
    Alltheabove76 Posts: 1,536 ✭✭✭✭
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    I think his mistake was a 3 day auction. I am doing a type set of dollar coins. All I need to complete it are a with motto seated dollar and a T2 and T3 gold dollar. I have all the hard stuff, Gobrecht, Flowing Hair etc...

    imageimage
  • ambro51
    ambro51 Posts: 14,471 ✭✭✭✭✭
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    Well, all I can say is you got a real beauty there. Thats just the "perfect" old original color, and a sharp strike to top it off!

    Since you got a first year example, Id suggest you go for an 1854 Type 2, and an 1856 Type 3, just to keep things "first year". The 1856, if you can locate one, try to get the upright 5 variety. It MUCH more scarce than the slanted 5, but dosent carry a hefty premium. If you really want to do the gold dollar types complete, get yourself an 1849 No L. Thats the very first gold dollar struck, on May 8 1849 and has a distinctive 'small head' look, and the bust is a higher relief. Pretty soon into the coining process, it was obvious that the original design needed a change. There were two reverse dies prepared, and both cracked, probably due to the stesses put on it since the obverse was a more concave (convex die) surface than all the gold dollars struck afterwards. Not really totally recognized at present as a different type, for type set purposes...... but when you compare them to the 'regular' 1849, they sure look different~ Mintage estimates are traditionally 1000 pieces, however QDB in his wisdom has suggested the true quantity is closer to 10 thousand. No accurate records were kept for the various types of 1849's that were struck at Philadelphia that year.

    image

    Sweet Pickup again. image
  • Alltheabove76
    Alltheabove76 Posts: 1,536 ✭✭✭✭
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    Thanks for all the info!
  • HighRelief
    HighRelief Posts: 3,729 ✭✭✭✭✭
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    Nice snipe and gold $1, I like your idea of doing a type set of dollar coins image
  • timber100
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    Your bid came in with 3 seconds to go and you call yourself a sniper?? A true sniper times it with zero or 1 second to go image

    Nice coin by the way!
  • erickso1
    erickso1 Posts: 1,706 ✭✭✭
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    << <i>

    << <i>I think you got a great deal!! First, I was the underbidder on that coin and I really did not even need it since I have one. Second, that exact coin just sold at Heritage CSNS auction 2 weeks ago for $632, look it up. I viewed the coin in person while at the show and was impressed by the nice stike and luster. I cannot figure out why someone would pay $632 for it and sell it 2 weeks later for $424 less ebay fees. What a bath they took. >>



    Really? Wow. It was a no reserve auction. Poor guy.

    Here is the link. Thanks for making my day!
    HA Link >>



    Did a little digging and he sold this 1897 $20 Gold Liberty NGC ms62 on Ebay, after buying it 10 days earlier on Heritage.. With all the fees and buyer premium I would say he took a hosing on this transaction too.

    Nice pick up btw ! image
  • Alltheabove76
    Alltheabove76 Posts: 1,536 ✭✭✭✭
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    That poor guy may need to rethink his buying strategy!
  • kimber45ACP
    kimber45ACP Posts: 2,399 ✭✭✭
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    image
  • ambro51
    ambro51 Posts: 14,471 ✭✭✭✭✭
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    I quickly looked on. Sellers other auctions for other bargains but no other items were listed
  • RedHerring
    RedHerring Posts: 2,077 ✭
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    Love your T1 Gold $1. You got an excellent price on a nice piece.

    Regarding the seller's loss: He must have been thinking 63 when bidding on Heritage? image
  • robkool
    robkool Posts: 5,934 ✭✭✭✭✭
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    The pcgs price guide has the 1849 MS62 gold $ at $550...
  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    Very nice coin and good price.... Cheers, RickO

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