I recently purchased an 1878s dollar online that appears to be a Long Nock. Going by the projection from the eye it looks like a VAM 58. I could see some damage on the coin in the picture but looking at the coin in person I can see that it had been part of jewelry. The coin has a bronze look to it to give it an antique look which doesn't show in the pictures and there is damage in different places on the rim as if something like a screwdriver was used to pry out the coin. I am turned off by the damage to the coin and am considering returning the coin but on the other hand I only paid $23 dollars for the coin. What do you think? It doesn't look exactly like the pictures in that it has a more bronze color to it.
$23 is cheap. I'm a seller on eBay and I can tell you, getting such small returns is annoying. Some guy contacted me today to return a $7 proof, toned Roosevelt silver dime. I mean.... he's going to spend half that amount returning it because he "just didn't like it." Keep it, or return it and tell him what he has so he can sell it for $30 the next go-round.
As long as it's the SAME coin (not a switcheroo) I'd just keep it. You will lose more on shipping than what you could dump it for.
Since it's not a lot of money, I'd just sell or trade it. I've accepted that eBay is a win some - lose some game.
That's less than a beer at a lot of sports stadiums. Returns like those are a good way to end up on a lot of blocked lists
I'd keep it, more than likely you can make more money on it selling it then you would returning it. I've had a few coins that I've bought on eBay and was a bit disappointed when I got them in hand. I end up photographing them and listing and making more money on them then I paid. The seller get's positive feedback and everyone is happy.
Image from VAMworld: The center bar of the arrow fletches - the "nock" - is longer than subsequent versions, with which the two adjoining arrow ends are longer than the nock as it's chopped off very close to where the fletches meet it. This is the B1 Reverse, the first reverse used on Morgan Dollars. Only a few 1878-S dies used it before switching over to the Short Nock B2 Reverse. Any 1878-S Long Nock is a value-added coin in just about any grade, and although the OP isn't going to be retiring on the profit from this coin he got a pretty good deal at $23.
I'd keep it, the condition of the coin is clearly evident in the auction photos (rim damage). Plus, the auction makes no mention of the VAM variety. So, you cherry picked it and got a pretty good price on it. If you really don't like it because of the damage...sell it yourself noting the VAM. I'll bet you get more than you paid for it.