I am now broke!

there is an excellent dvd available thru the ana. it is a seminar by Robert Campbell and is on artificial vs natural toning. great pics and info. it sells for around $40 or so and is worth its price. as many have mentioned....relax, view it as a learning experience and cheap,,,better $20 than $2000.
take your time and enjoy your hobby!
best wishes......steve

 

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Just something to think about---but Morgan Dollars have always been something that seems to sell pretty good. IF this was such a good deal...why were you the ONLY bidder?

I rarely bid on Ebay, but when I do it is on a coin that is truely hard to find, or a really great deal. I can only think of ONE time when I was the only bidder...and that time the price was over $100.

Speedy

 

While the coin is artificially toned you didn't over pay.

One thing I don't understand is how when metal prices go up, peeps don't take that into account with prices. Does anyone really think a G-4 12 dollar Morgan is only worth 12 dollars when silver is at 16 dollars an ounce? That gal is worth more than melt because the value of the silver has to be calculated into the value of the coin itself and I wish price guides would take that stance with all prices and have a "add amount" that is the silver value of the coin and it is to be added to the actual listed price of the coin. That would be the only way to do it because if price guides don't take that stance soon, more wonderful coins are going to end up being melted and we will never see them again! What a shame!

Ribbit

 

stainless!!!! you did exactly what everyone warned you not to do in the last topic!!!


COIN COLLECTING IS FUN!!!
KEEP IT THAT WAY!!
THERE IS NO NEED TO DROP EVERY PENNY INTO IT. ITS A HOBBY.. HOBBIES COME SECOND IN LIFE. UNTIL YOU HAVE A STEADY JOB AND SOME MONEY IN THE BANK, WHY BUY MORE COINS!?

 

I see young peeps (remember Stainless is a young perp) who will blow their money at the arcade and have nothing but a good time to show for it. But Stainless has a good time searching Ebay for that special coin to buy and while he's as broke as the ones that blow it at the arcade, he has something tangible to show for it. :thumb:

I'd much rather see Stainless blow his money on coins than waste it and have nothing to show for it. In my opinion, he did not waste his money with his most recent purchase! Too many of you (CT members) are too serious about coin collecting and don't remember the fun it's suppose to be and quite often when a young collector posts a great coin (based on their collection) you rip them up and down the gutter because it doesn't fit your requirements. That isn't right! You have to take into account who the other person is, then adjust your thinking to that level. For example, I would speak to Spock differently than I would Stainless and I know I can even have a little fun with Spock without hurting his feelings but a young collector is different. :secret:

Please know who you are talking to when posting a reply on here and if you don't, then talk to them as if they are 13 and a newbie to collecting, until you know better. :thumb:

Ribbit

Ps: It also works the other way around. I've had discussions on here with peeps I didn't know and while I was having the discussion, I didn't take into account they were "professional" collectors because I didn't know who they were. Oops! I learned something from it and hopefully I won't commit the same error again.

 

Wait until you get it in decent lighting then decide for yourself if you want to keep it or not. Seller refunds postage as well so you'll only be out return postage if you decide to return it.
But all said in done although not the great deal you hoped it would have turned out to be at $25 bucks and and silver prices as they are you actually didn't pay much for the lesson, and actually might be worth almost what you paid for it.

 

stainless,tone blue

You got possibly a nice coin for the price, given it is ucirculated? camera lighting can affect photos, back ground color affect color as well. Once coin in hand, and only then , can you see what you bought.
As for tone, usually nice and even, silver should have bluish hue.
You bought the coin reasonable :smile please share photos of coin when you recieve. >>>congratulations<<< I wish I had $20 to spend:hail: Ozark

 

Wait for the coin to arrive. If you like it, then keep it and that is what is important. Enjoy the hobby - that is what is the most important thing of all. The more experience you get the easier it will be. As far as I am concerned if you like the coin then that is what counts. I have personally bought cleaned coins that I liked - even though I knew this I liked the coin.

 

:hail: BEEN THERE! DONE THAT!

And if I could go back in time and reconsider spending $20-$30 for a few good hours at the arcade....I would take twice as much and spend all day there!

Being young happens only once in your lifetime, and you should spend it doing what is enjoyable, while at the same time being responsible. Even as you grow older, there is no problem with enjoying yourself and entertainment. Just do it wisely. If Stainless has no need to be worried about life in all of its abundance of worries and troubles of being an adult because he's a YN, let him spend every dime he has.

I fully agree with the Toad here, except for one thing. I do not believe that many of the CT members are "too serious" about coin collecting. They're too serious about coin investing and future returns. I buy coins and sell them based upon the short term prospect of returning a small to nominal profit. This is speculation, a form of very risky investment. Other purchases may be for coins intended to return a profit at a much later date based on historic trends and current market conditions. Yet another form of investing. Others purchase coins because they want the best of the best, or are working toward such, with the intent that "some day" these will benefit their posterity or even their own retirement. I'm sorry, but this is not "serious collecting", this is also investment.

There are many ways to invest through coins, just as there are many ways to collect. I go through my thousands upon thousands of rolled coins annually. I also cherrypick when/where I can to find interesting and unusual specimens. I will purchase online and on the Bay for a good value to study specimens i have never touched before or because I am looking to fill holes for myself or someone else. I invest, deal, study, research, AND collect. I try not to lean too far one way or the other, and try to balance my interests evenly.

But, when the question comes up about a "good deal" or not, it all depends upon the reason for the purchase. Investment? Speculation? Pure collecting? A gift? Depending on the situation, a coin that was not a "good deal" in one respect, may very well be a steal in another.

Too serious about investing.

That's a trap and temptation all of us face every time we see a coin. And there really is no fault against it either. If your intent is to profit in speculation, then of course Stainless made one of the worse purchases possible. But if he is trying to feel the playing field on Morgans and absolutely loves the baked-in colors he expects to see on the coin in person, then all the more, $25 shipped is not a bad deal at all, especially since "trying this at home" may simply destroy a perfectly good Morgan worth $16 by his trying to bake one himself. (not to say that the Morgan he bought isn't already ruined with respects to investment and most "natural" collectors.)

Stainless, if you like the coin when it arrives, great job! :thumb: If you don't like it, then make sure the coin pictured is accurately depicted before making such purchases again. But, we can only take the word of the seller, really, when it comes to internet purchases. If you don't like the coin when you get it, do not buy from that seller again, let him know you will not, and let him know why. And don't forget to just have fun! That's what collecting is all about!

 

thanks for the advice NP coin

stainless

 

^^ couldnt have said it better...

 

Stainless dont let it bother you at all. Its all a learning experience. I have made a lot of mistakes buying coins when I was your age and look where I am today Just make sure you stay within budget, learn and most importantly enjoy yourself.

 

You can find coins like that for $12/13 all day long. Tom

 

Don't dip it, if I remember right, you never dip a toned coin like that. That, more times than not, makes it even worse. But, I could be totally wrong on this, but I still wouldn't attempt it.

Phoenix

 

Stainless, let some of the experts here decide which coin would be perfect for you. Post a link to eBay, or any other picture and ask the experts for their opinions.

This is a Win-Win situation because you will get tips and feedback from the experts about certain coins, As well as whether or not you should purchase the coin.

Greg

 

Stainless for the money , you didn't do bad , listen to what everyone has to say , then make up your mind , also wait till you get the coin , it could be a very interesting coin , you can show & tell about to your grandkids .
rzage

 

Nice idea...
thanks for the advice Greg

But wont you guys get annoyed if I put up a thread for every coin I'm about to buy on the bay?

stainless

 

It's definitely an AT coin, but I wouldn't fret too much over it. Cull Morgan Dollars are bringing about $14 wholesale, so I would just stick it in the collection.

I think dipping this coin would make it look worse. It would likely "burn" the surfaces.

I understand your thoughts, but the market doesn't work that way unfortunately. With coins like circulated Morgans, low grade Mercury Dimes, low grade Walkers, etc. people were willing to pay small premiums for them when the prices were lower. However, with higher silver prices, people are paying enough for the silver in the coins that they will not pay any further premiums. For many coins, as the intrinsic value increases, the numismatic premiums decrease.

Yes, a lot of silver is being melted, but it's because there is not enough demand for it above its melt value.

 

I wouldn't, but remember you would get a bunch of different opinions. I am very picky about good pictures and good feedback. If the picture is not good enough for me to grade it I skip it. So while you might post a lot of auctions I would probably say skip it just because of the pictures. And you might miss some decent auctions. You might also get a variety of answers - good and bad - then you would have to make the final decision.

Also - I will not speak for others, but I would not bid on any auction posted. And on a truly good coin you might get some unexpected competition. You might want to ask someone who know morgans better than me if they would privately look at some auctions.

Personally I have not seen anything that is earth shattering wrong with what you have done. Just take your time, learn and bid on what you like. Plus use Heritage a lot to compare pictures of coins - and again on auctions with bad or fuzzy pictures, skip them. There will always be more coins! Enjoy the hobby first and foremost.

 

Stainless, first use your judgment. If it is a minor coin with a somewhat nominal price, you don't have to post that link. If you have a coin that is worth a few hefty bucks, feel free to post it. Not only will it help you decide if you will pay for the coin, but it will also help all the other cointalk members, when looking for coins.
Just be smart about it. Take your time collecting. You are a high schooler I think i read somewhere, me too, and I have the rest of my life ahead of me for collecting.
It's a cumulative hobby, and hopefully it won't be one that will die out!!

Greg