What do you think this is worth?

Discussion in 'Error Coins' started by Vegas Vic, Nov 26, 2014.

Page 1 of 2
  1. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    ImageUploadedByTapatalk1417014855.115551.jpg ImageUploadedByTapatalk1417014865.834322.jpg
     
    Vegas Vic, Nov 26, 2014
    #1 + Quote Reply
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Aidan_()

    Aidan_() Numismatic Contributor

    Let's see, I think it has 5 nickels struck on it... so 50 cents? jk :D
    I have no idea.
     
    Aidan_(), Nov 26, 2014
    #2 + Quote Reply
  4. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    In hand you can see around at least ten to eleven strikes so I would say $.55 would be the face value
     
    Vegas Vic, Nov 26, 2014
    #3 + Quote Reply
  5. Treashunt

    Treashunt The Other Frank

    Okay, so 10 to 11 strikes, times ? melt?


    = Okay, I give up
     
    Treashunt, Nov 26, 2014
    #4 + Quote Reply
  6. rickmp

    rickmp Frequently flatulent.

    I'm wondering what criteria was used to give that an actual numerical grade.
     
    rickmp, Nov 26, 2014
    #5 + Quote Reply
    longnine009 likes this.
  7. jallengomez

    jallengomez Cessna 152 Jockey

    jallengomez, Nov 26, 2014
    #6 + Quote Reply
  8. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    cpm9ball, Nov 26, 2014
    #7 + Quote Reply
    rickmp, ToughCOINS and jallengomez like this.
  9. Old Error Guy

    Old Error Guy Well-Known Member

    Vic, I don't think you did badly here. Fragments are tough to value.

    I do think PCGS did you no favors with the description. The "from detached cluster" is, I think, less than clear and makes it sound like you got part of a coin. Their descriptions can be too academic for optimum value at times, but that's another discussion.
     
    Old Error Guy, Nov 26, 2014
    #8 + Quote Reply
  10. ToughCOINS

    ToughCOINS Dealer Member Moderator

    If you own the coin at $975, I would make you an instant profit . . .
     
    ToughCOINS, Nov 26, 2014
    #9 + Quote Reply
  11. ToughCOINS

    ToughCOINS Dealer Member Moderator

    ToughCOINS, Nov 26, 2014
    #10 + Quote Reply
  12. Conder101

    Conder101 Numismatist

    No wear and minimal contact marks, just like any other MS64.
     
    Conder101, Nov 26, 2014
    #11 + Quote Reply
  13. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    It was a purchase not an auction
     
    Vegas Vic, Nov 26, 2014
    #12 + Quote Reply
  14. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Gotcha. So, not surprisingly, you bought it for more than the $975, which I would have done myself.
     
    ToughCOINS, Nov 26, 2014
    #13 + Quote Reply
  15. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    Ok so is there a methodology to choosing which of the ten to eleven strikes is chosen to be the graded strike? Are they averaged?
     
    Vegas Vic, Nov 26, 2014
    #14 + Quote Reply
  16. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Your guess is probably just as good as anyone else's . . . beauty of this one is in the eye of the beholder, just as value is . . . if everyone collected error coins there just might be some sort of standard for both the assignment of grade and of value. Because error coins are a much thinner market than non-error coins, there has never been enough call for such standards. This coin is so extreme, that no standard is likely ever to be established, so you must fly by the seat of your pants.

    My own prespective on grading extreme error coins is the following . . . find those areas of the coin which attract most of your attention - whether the normal design elements, the joints where coins are bonded together, neat distortions, the clean lustrous fields, or other, and treat those areas as the focal areas used in grading non-error coinage. I like to think of grading these focal areas like I do the cheek on a Morgan Dollar. For those areas on which you are not focused, I would grade them much like I would the wing feathers on a Morgan Dollar . . . marks there are more easily and more acceptably overlooked.

    Less important than grading an error coin is valuing it. I've never been as big a proponent of grading error coins as others seem to be . . . to me the value has more to do with the nature of the error than with the grade. If you've just got to have it, and know you'll not see another like it for a very long time, you must decide which is worth more to you . . . the price being charged for this one today, or the time you'll invest searching for another plus the cost of that coin at that time.

    - Mike
     
    ToughCOINS, Nov 26, 2014
    #15 + Quote Reply
  17. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    How in the world did THAT happen??

    I'm also surprised PCGS took the time to slab that. Although I'm not an "error" collector anyhow. What do I know ;)
     
    xCoin-Hoarder'92x, Nov 26, 2014
    #16 + Quote Reply
  18. brg5658

    brg5658 Well-Known Member

    Yes, if they can grade of piece of sand paper, why not a blob of smashed together metal? ;)
     
    brg5658, Nov 26, 2014
    #17 + Quote Reply
    xCoin-Hoarder'92x likes this.
  19. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    1. Click the posted link it will show old world coins web site. You will see there was no auction. It was a purchase for $975. And yes it was me who purchased the coin

    2. Remove foot from mouth

    3. Congratulate the poster nicknamed "bargain Vic" by @Morgandude11 for finding a coin on ebay priced at $1050, tracing it back to the owners own website and finding it for sale for $975 as he used the Internet and ebay to buy a coin at a price lower then you, the dealer, would have bought the coin at.
     
    Last edited: Nov 26, 2014
    Vegas Vic, Nov 26, 2014
    #18 + Quote Reply
  20. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    I believe I've seen the "coin" to which you are referring to. It is pretty cool.
     
    Vegas Vic, Nov 26, 2014
    #19 + Quote Reply
  21. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    Thanks for your answer. I wonder if pcgs has some sort of protocol to grade these or if they just wing it.
     
    Vegas Vic, Nov 26, 2014
    #20 + Quote Reply
1 more message...
Page 1 of 2
Draft saved Draft deleted

Share This Page