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<p>[QUOTE="swagge1, post: 2081398, member: 22402"]Here is my $40 lesson from the FUN show this year. I wanted to buy an MS65 common date St. Gaudens double eagle. After finding a few, I found a decent one for $1600 and I bought it. I noticed 2 small copper spots and asked the dealer about them. He was kind of rude in saying, "NGC saw it when they graded it... those spots don't affect the grade." Gold was around $1200/ozt. at that time. During lunch I looked at the coin more and more and decided I didn't want those spots to be the first thing I thought of when I thought of my first St. Gaudens double eagle purchase. I then decided I would sell it. Herein lies the issue.</p><p> </p><p>At the FUN show common date MS65 double eagles were selling in the $1600-$1850 range. I approached at least 7 dealers and they either gave me extremely low offers around $1400 or said, "Its got copper spots and I don't want it." I finally found a large buyer/seller of metals (who is a sponsor here I think) to buy it for $1560. I chalked it up to a $40 learning lesson. I was also paid in a check and had to waste some of my time trying to find a Chase bank in the area to cash it for me.</p><p> </p><p>In looking at your photos I see 2 rather large copper spots around the date and several smaller ones near Liberty. Although the TGP may not deduct points for them, in my limited experience most dealers will. The spots are distracting and hurt overall eye appeal. Please keep us posted as what the TGP grades your coin.[/QUOTE]</p><p><br /></p>
[QUOTE="swagge1, post: 2081398, member: 22402"]Here is my $40 lesson from the FUN show this year. I wanted to buy an MS65 common date St. Gaudens double eagle. After finding a few, I found a decent one for $1600 and I bought it. I noticed 2 small copper spots and asked the dealer about them. He was kind of rude in saying, "NGC saw it when they graded it... those spots don't affect the grade." Gold was around $1200/ozt. at that time. During lunch I looked at the coin more and more and decided I didn't want those spots to be the first thing I thought of when I thought of my first St. Gaudens double eagle purchase. I then decided I would sell it. Herein lies the issue. At the FUN show common date MS65 double eagles were selling in the $1600-$1850 range. I approached at least 7 dealers and they either gave me extremely low offers around $1400 or said, "Its got copper spots and I don't want it." I finally found a large buyer/seller of metals (who is a sponsor here I think) to buy it for $1560. I chalked it up to a $40 learning lesson. I was also paid in a check and had to waste some of my time trying to find a Chase bank in the area to cash it for me. In looking at your photos I see 2 rather large copper spots around the date and several smaller ones near Liberty. Although the TGP may not deduct points for them, in my limited experience most dealers will. The spots are distracting and hurt overall eye appeal. Please keep us posted as what the TGP grades your coin.[/QUOTE]
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