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<p>[QUOTE=&quot;Victor, post: 913765, member: 5454&quot;]Yes this coin makes for an interesting study and that&#039;s why I wanted to share it. The OP [and first photo in this thread] purposely is the revealing one out of all the pictures I took.</p><p>&nbsp; The coin was purchased from an estate.&nbsp; The deceased gentleman was a brilliant scientist, author and college professor PhD.&nbsp; He decided to dabble in coins.&nbsp; Part of the estate was very nice with some intellegent picks of choice coins.&nbsp; Some were not so nice and I believe he was taken for a ride by at least one firm [now defunct] New England Rare Coin Galleries.&nbsp; A salesman from that firm is now doing jail time in Ohio. The fair trade commission fined the company some 1.5 million for misrepresentation, overgrading, and overpricing.&nbsp; This is a case study on how intelligent persons can be duped investing in so called rare coins.</p><p>Anyway 2 more photos and then a summary follows:</p><p><img src="http://i196.photobucket.com/albums/aa127/ragtag_01/000_2941.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://i196.photobucket.com/albums/aa127/ragtag_01/000_2938.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>&nbsp; The professor left some records of his coins.&nbsp; He sold about 45 coins before he passed away as those coins were not in the house.&nbsp; He did pay some rather inexpensive prices for some of them.</p><p>By his records he paid $256 for this coin.&nbsp; He had a grade marked MS60+</p><p>which agrees with the MS-61 that 2 members replied here with.</p><p>I sort of do not want to put a grade on this.&nbsp; However I purchased this coin for $300 cash.&nbsp; If indeed all it&#039;s worth is for melt, right now scrapping this coin should bring about $595 right?&nbsp; I did spend $5 in gas to go buy it.</p><p>If my profit is $290 when I sell then it isn&#039;t so bad after all.</p><p>&nbsp; Thanks for the replies.&nbsp; You guys are the best![/QUOTE]</p><p><br /></p>

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