What should a person expect this coin to be worth? It's obviously been cleaned, and I wasn't afforded the luxury of a picture of the reverse. As a rule...I don't buy coins that have been cleaned, but made an exception on this one because of the lower mintage and the price was low. What do you think....half FMV for cleaning....less? Any comments appreciated. Nightowl
Save your money and get a better example down the road. If you don't, you'll be kicking youself in the future and asking yourself, "what was I thinking"?
If you did, then I suspect you bought a fake. Any '21 Peace dollar, in any condition, is worth many multiples of melt and pretty much everybody on the planet knows that.
We'll see. Looks real enough to me. I suspect that the seller didn't know...listing it as a 1921 Liberty dollar, and throwing in a worn 1889-O Morgan for using buy it now. The guy's got a couple nice bear huntin' DVDs up too. No other coins though. I bought one for 12 dollars last year. It was real. If it's fake....PayPal has my back. Nightowl
If that's the best picture you have, then there is no way to know if it's real or not. If you would post better pictures when you get it...then we can take a better look. If it is real, you paid a remarkable price.
Basically....I'm just asking....if you sell a coin that has been cleaned...do you use a percentage of fair market value when selling....or just list it in an open bidding format. I do 99 percent of my eBay purchasing perusing buy it now listings, and prefer to sell that way too....even though the final value fees are higher. The guy who sold this has a 100 percent positive feedback score, and his primary interest is duck decoys, knives, hunting gear of all sorts. He has worked favorably with one buyer whose mdse was damaged in transit. I'm not really concerned that he's running a big scam selling counterfeit coins. If it's a counterfeit, I am comfortable that he has listed this in good faith, and would work to resolve any problem that might arise. You have to remember folks....there's no entry exam to sell on eBay. You don't have to know everything about everything. You just have to know how to use a computer. To say that everybody on the planet knows the value of a 1921 Peace dollar, well...it just isn't true. Nightowl
If it's real you got a great deal. Cleaned or not. Take it to a coin dealer or 2 and ask about the coin. If the concensus is cleaned you might want to sell it on ebay and state that you believe it to be cleaned. That is the honest way to do it. You said you like to use BuyItNow, then sell it that way and put a fair lower price and it will disappear within a few hours. Wheather or not you want to add a return policy is purely up to you. But you don't want this coin bouncing back to you so many times that it eats up any profit in Shipping, handling and insurance. On the other hand, if you like it, keep it. It's yours' to do with whatever you want. Enjoy. Bruce
There is no formula in determining the value of a damaged coin. Because, the damage might affect the eye appeal of one coin only slightly and another it might a lot. Each coin must be evaluated individually and the purchaser must decide how much the damage changes the value. So, there is no percentage answer to your question. However, a authentic key date coin for a few dollars over melt is a good price. This is true, but eBay is also a well known haven for crooks and counterfeit coins. So, the purchaser must be very careful no matter how good the feedback is. You know that old saying, "if it looks too good to be true..."
Most people here acknowledge that a 1921 peace dollar is worth more than other years.....cleaned or not. Does anyone know if that also applies to 1921 Morgan dollars that have been cleaned, as I now currently own one. To the original poster....the silver in a Morgan dollar is .76 ounces. So, I wouldn't take anything less than .7X the spot value of silver. Remember, the coin is yours and if someone doesn't want to meet your asking price.....you don't need to sell it. Silver is on the rise after all!!!!
Thanks for your responses. I appreciate the input. That coin is sitting at the post office as we speak, so I'll know more about it soon enough. There are scammers....and yo can take that to the bank, but there are also folks who inherit stuff that they just don't care to research. I always look to see what other kinds of things the sellers have listed or have a history of selling. Many times they only have the one coin listing. I haven't bought a fake yet. That doesn't mean that it couldn't happen, but I have proven knowledgeable enough to spot the bogies so far. I've been buying and selling for a year or so now, but have studied and collected for years. Nightowl
It is here, and is a glowing example of how misleading flatbed scans of coins can be. The coin has not been cleaned. The 1889-O that was with it has lead a hard life....but into the cull tube that one goes. Here's a picture of both of those coins, and an 1897-S Barber half that turned up in a lot that I paid just over melt for. It arrived this morning as well. Nightowl
