Damaged Coin - Reasonable Value?

Discussion in 'What's it Worth' started by kanga, Aug 20, 2009.

  1. kanga

    kanga 65 Year Collector

    It's a good date and I see it as VF
    EXCEPT
    for the damage on the reverse.

    With damage like this could I still get F money?
    OR
    should I be thinking VG?
    OR
    worse?

    [​IMG]
     
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  3. Paddy54

    Paddy54 Well-Known Member

    Bummer Kanga, would of been a nice find if not for the damage. Hey we both live in Md. going to the Balto. show in Nov. ? as for the damage I grade it as a filler coin...Paddy
     
  4. kanga

    kanga 65 Year Collector

    Baltimore is on my calendar already.
    Plus Philly at the end of Sept too.
    My wantlist is loaded with tough-to-find coins so I don't want to miss any of the big shows close by.

    I guess I'll just throw the nickel up on eBay and see what I can get for it.
    Low opener (99 cents) and hope someone thinks it has some merit.
     
  5. Paddy54

    Paddy54 Well-Known Member

    I've never been to the Philly show...I try to hit all the balto. shows and a few of the smaller shows a friend of mine put's on all around Balto. Have a look at the buffalos I put up a few days ago in CT. 1919 s 1918 d's 1917 D 1918 P
     
  6. GDJMSP

    GDJMSP Numismatist Moderator

    Well kanga I'd agree with you on the VF. But the TPG's would say XF. Regardless of that I'd expect $50 - $60 for that coin.
     
  7. kanga

    kanga 65 Year Collector

    Thanks. Sort of thought that would be the answer.
    So if I did an ANACS-type description I'd call it VF Details but price it as a G because of the damage.
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    Not really, same coin in ANACS slab gradeed as F15 and damaged sells for about $50.
     
  9. kaparthy

    kaparthy Well-Known Member

    Buy the Best Coin You Can Afford

    It is a 1915-S. Just checking a recent Red Book, the prices are not an order of magnitude different, not 10x different. So, if you can afford the $50 coin, you have the resources for the $90 coin. You would only have to wait until you saved a bit more.

    A damaged coin is damaged. If you want to complete a Whitman Folder and have little other motivation, then, yes, VG or Good money for this would be appropropriate. Obverse-up, it fills the hole nicely... and the damage is not all that bad in that case.

    But you talk about third party grading. This coin in anyone's plastic is still damaged. Would you pay more for the certification than for the coin?

    If you found it in a roll from a bank, it would be nice find, to be sure! Short of that, the age-old advice is to buy the best coin you can afford. That came from an old Wayte Raymond to a young Dave Bowers, I think. It is historical, like "Buy the book before you buy the coin." If you can afford this damaged coin, then you can afford to wait for one that is not a problem.
     
  10. jello

    jello Not Expert★NormL®

    Kanga you did well. I seen Graded F-12 to VF30 go for 3x more than what you payed.
     
  11. Just Carl

    Just Carl Numismatist

    I'd go along with that value. Many collectors would sort of ignor the reverse since they put the coins in an album and usually see the fronts most of the time. Some do turn the page to see the reverses, but most just look at the front of coins. Ever notice that the greatest amount of error coins are on the obverse? Possibly due to so few looking at the reverses.
    Don't forget your talking about a coin with a mintage of only about 1 1/2 million. Not an easy coin to find. And with a population of over 300,000,000 in the US alone, that coin will soon enough be worth more.
     
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