Someone was asleep!

Got this 1853 3 Cent piece for $13.19 shipped. Does have some corrosion. However this grades at VF-20 and retails for $50 in that grade!
Heck, in G-4 retail is $25.

http://www.ebay.com/itm/1853-3CS-Th...orefresh=true&autorefresh=true#ht_1617wt_1037

 

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Let me ask you a question. If a coin is corroded, will it grade, or will it be a details? If it will only be a details due to corrosion, then the coin can not be valued the same as one at that grade without corrosion, no?

 

I don't always judge when buying. To me I go upon details and age. Although it has corrosion, it's still an old coin with nice details. Many collectors will turn their nose at these, but if I can get them for a fraction of the cost of a non-cleaned or non-corroded, so be it.

 

That may be true, but if its corroded, its not a $50 vf 20 grade, its a genuine vf details grade, which looks to be worth $13.19

Edit: the reverse seems to have pvc damage, which should be neutralized right away.

 

Then it seems to be you're overriding concern would be cost, and how many coins you can get for your money that offer some details so that the coin itself can be enjoyed by you. That is fine, as long as you understand that the value of the coins will probably never be much more than you paid for them, as many other collectors don't want to have corroded, recolored, holed, cleaned, etc. coins. And if they do, they are getting them primarily as filler coins, until they can afford to find a coin that they want that suits them and their pocketbook.

But to highlight this as someone being asleep, where you got the coin for a great price because a non-corroded, or otherwised damaged coin at even G-4 would be twice the amount you paid, is comparing apples to oranges, and it is not a valid way of saying something. Somebody being asleep would be based on the coin being full value, where you could easily sell it for the amount you are comparing it to. You probably will never be able to do so.

Again, I'm not criticizing what you choose to collect based on your tastes or money. It's just that to be honest, you can't go around saying you got such a great deal because it has those details when it is a damaged coin and any tpg would then body-bag it or put it in a details holder. You got the price for a coin with those issues.

 

You got what you paid for. And you might of overpaid IMO.

Edit to add your not the only one to over pay for one of those. I know I did too....

 

Side's all that, your grading is generous, or the sellers is I didn't bother to open the link. The obverse pic shows exactly g6 details(vg8 at very best).Sorry detector, think you were asleep on this one.

 

O well. Not the 1st mistake I've made and certainly not the last. Still a nice coin for $13 tho.

 

Well someone was def asleep this time.

1917-P Type 2 SLQ in F-12 for. $21 shipped. Retails for $55.

 

Do you have better pictures of that?

 

Here is the auction.
http://www.ebay.com/itm/370587543190?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2649

 

Better pics of the slq.

 

The SLQ was more of a bargain than the 3 cent piece. Good job, that was a pretty decent deal.

 

Can silver corrode? I mean, I know it has some copper in it, but I didn't think silver could corrode.

 

I think that coin is closer to G-4 than VF-20, and you are in for a bit of a shock when it comes time to sell.

But what do I know?

 

I would say it has a shot at G-6 but waaay off from VF. If it were so, there would be better details on the surfaces and a rim. The SLQ Was an okay buy. But the seller just after that auction sold another in similar condition for $13. Had my eye on it but forgot to get it.

 

I know Caz, after I looked again at both & found a Ronald Reagan .999 concept dime bullion piece that I was waiting to snipe on, Wife came home as it was in the final seconds & I missed it. I was prepared to overpay on it, as it was @ $7.50 when I found it. Anyone have anymore info on these? Guess I would have. There are a few different ones from what I see, 24k plate, .999 plate, & .999. I may get one of these for the novelty of it.
http://www.ebay.com/itm/999-Silver-...724?pt=LH_DefaultDomain_0&hash=item4162cc6574

 

You're probably thinking of GOLD as the metal that's resistant to chemical attack. Silver's not as reactive as copper, but it's still reactive enough.

In rough order of descending reactivity:

Zinc
Iron
Nickel
Copper
Silver

[BIG drop in reactivity]

Gold

 

I picked up an 1851-O in a pile of foreign coins. The date was pretty well worn away, but the mint mark made attribution easy.

I don't toot my own horn very often, but I paid less than 50 cents a coin for the coins in that lot, including several large silver pieces...

 

Yeah, I knew that about gold, but I was thinking it was all PMs that were resistant. But good call, I'm glad to be corrected.