First Big Purchase!!

Hey CT!
Just bought my first coin over $100, and I'm nervous but feel good about it!!!
It has not shipped yet, but I wanted to see if the forum thought I got a good/decent deal. Also, is this cleaning or just wear on the face?
http://www.ebay.com/itm/221081898101?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2649#ht_500wt_685

 

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I can't tell if it's been cleaned, but with those holes on the reverse, I wouldn't have touched it. You should have asked here before buying it. Eat the return postage and send it back.

 

Return it, you can do better for that amount of money.

 

You gotta send back the "free extra gift" too.

 

For $200 more, you can buy a nice MS64...

 

Unfortunatly, I agree with the others. I think you can do better. Good luck!

 

Never buy a coin that a poisonous snake has damaged his fangs on.

Seriously, it's a thrill to buy your first pricey coin but I agree with the others: you can do better. You might want to consider buying a slabbed (professionally graded) version; this way, you'll be sure to get a problem-free coin. Good luck.

In fact, you can post some auction possibilities here if you'd like feedback on whether something is a potential good purchase.

 

I agree with the others as well. I actually like problem coins whenever the "problem" isn't too signifigant (holes, damage, ect) because you can typically get a good discount. The holes in the back of coin kills it though. I'd return the coin and keep looking around for another 1881-CC, I've seen a few go on eBay for $150-$200 in the same condition with no reverse damage.

 

Please send that one back. Graded, problem free '81 CC Morgans in Fine condition easily sell for under $300.

Here is just one example from Heritage. It went for $264 If you do not have a Heritage account, sign up right away. It is free and one of the best places to check on recent auction prices.

http://coins.ha.com/c/item.zx?saleNo=1172&lotNo=9207