1877 Indian Head Penny? Also, 1909S?

Discussion in 'What's it Worth' started by JJS, Dec 1, 2018.

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  1. JJS

    JJS New Member

    I know opinions were leaning towards a possible old cleaning on the 1877, I never thought of asking edited about conservation. Would it be worth it for some of them? Price vs. Profit? Actually the coins were stored untouched in a professional Museum quality Intercept Shield for decades. Estimated 5K down from 14K+ is definitely a shock, especially since the grades came back even higher! :shifty:Apparently it's just because of the "details" NGC threw on them. Although it was already mentioned that several, including the 1877 was opined to possibly have had old cleanings, and everyone still thought they would still sell for 14K or more. Maybe edited was just preparing us for the worst.. I have no idea. :(
    The only reason my father was forced to sell these in the first place was the need to pay for huge medical bills that are being turned over to collection agencies. (How compassionate they are!), and other debt, all which now stands at about 20K. We were hoping for the best when peopening were telling us this set could actually go for up to that much. I've heard elsewhere that NGC is a bit liberal with the details grades. Guess we are stuck now with whatever happens, and hope people go by the images over just taking NGC's opinions, I guess.
     
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  3. Seattlite86

    Seattlite86 Outspoken Member

    First of all, I'm very sorry for the position he is in. It's a shame that trying to stay healthy/alive can bankrupt somebody.

    I'm afraid conservation is not my area of expertise, but I know that if you could get some coins properly conserved, they would likely get a straight grade (no details) and sell for much more. I don't have the expertise to look at your coins and see which, if any, should be conserved. I'm not certain you can pull them now that you've listed them for auction. I would recommend calling edited, talking to your dealer, or reaching out to someone who knows this better, and seeing what they think is best.
     
    Last edited by a moderator: Apr 6, 2019
  4. JJS

    JJS New Member

    I didn't know that.. even in the original post, I noted that they were listed on a friend's edited.. that how all of this started. If I posted in the other forum, can that then be linked from here? The point was to get opinions on them when better photos were available, and it was everyone here who directed us to send to edited.. They don't even want photos to be posted? If it doesn't link to a sale of it, I don't really see why that would be a problem? People were asking for the better quality images in this thread.. I'll check the other forum you mentioned and try to put some of this there, but then can I post here to tell the others who were involved in this thread that I posted the followup there? Or is that not allowed? Well this got awfully complicated :wideyed:
     
    Last edited by a moderator: Apr 6, 2019
  5. ldhair

    ldhair Clean Supporter

    I looked at the images of the 1877 and the 1909. NGC is correct about the cleaning and the damage. I'm not going to look up every image but I'll bet that NGC got 99% of the grades right.
    With a collection such as this, most of the value is in only a few of the important coins. The rest of the coins are not all that important. It's normal to see a large spread in opinions of value with raw coins. That's just the way it is. Once they are graded, the spread will narrow.
     
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  6. dwhiz

    dwhiz Collector Supporter

    I have to agree with Idhair as I look at those 2 images.
    The 09-S has a scratch on the reverse by the shield, the even I can see the environmental damage.
     
  7. GDJMSP

    GDJMSP Numismatist Moderator

    No.

    No.

    No.

    Yes it did. That said, I realize and believe that you were not intentionally trying to break the rules, but the rules were broken nonetheless. So I have edited out links and comments made by anyone, (not just you), in an effort to allow the rest of the discussion to stay.

    So you, and anyone who reads this, understand - here's the problem. Any time a member puts coins up for sale, and then makes a post about it in the regular forum sections stating where those coins are - a post like that cannot be interpreted as being anything but an advertisement. And that's just not allowed in the regular forum sections.

    At the same time I understand people's point of view when they are asking for help in how to go about selling coins when they've never done such a thing before. It's a legitimate question, and they do need to the help. But members have to be careful about they word their posts, what they say, how they say it, in order to avoid breaking the rules. There can be no mention of any kind that references where the coins are, and you cannot post a list of the specific coins because doing so could entice other members here to make offers. About the best or the most you can do is ask general questions.

    The reason we do this is because even though there are those who genuinely need help, there are also plenty of those who would use the same method as a way of getting around the rules and thus posting ads in the regular forum sections, and doing so quite intentionally, while claiming not to be doing so intentionally.

    As you said, it's a complicated situation.

    At this point, you're kinda stuck, there's not much more you can or say until all the auctions are over. Once they are then you can discuss them to your heart's content. In the meantime, I'm closing this thread so no one else quote things or say things that would requite further editing.
     
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