Horror Stories about Coins.........

I was thinking raked

 

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It read accurately the other way too.

 

Raped maybe not but a coin dealer shot another dealer at a Parsippany (New Jersey) coin show in May 2016.

 

Why?

 

Do you trust the knowledge of the posters on this forum who can tell the grade of almost any coin by looking at a fuzzy digital photograph reproduced on a computer screen? Simply owning a collection does not make one a knowledgeable grader.

 

There was that time I paid a bunch for a 1916-S Mercury, thinking it was the big one.
Later cracked opened the Red Book and found that it was most definitely not.

 

Yeah, my grandfather sold all the uncirculated key date walkers in Bu condition when the Hunt Bros cornered the market. Imagine what the keys are worth now in unc. Not only that but he had MULTIPLE key dates.

 

Went to an estate auction a few years back with a number of colonial currency notes in a really nice framed display to hang on the wall. Unfortunately when framing all the notes had been glued directly onto the matting. I almost cried, thousands of $$$ in rare notes, desirable destroyed.

 

eh, How many of the "perfect coins" sold in bulk on HSN do you think would actually hold up if resubmitted by a low-volume customer? The grading companies know the large-volume customers are looking for a certain amount of value. If the customer doesn't find it there, they will go to another grading company with looser standards/lesser fees.

[Another thought I've had regarding protecting an investment... What happens when Warren Buffet (or somebody as rich who collects) passes? I'd imagine he has a vault with ultra-rare high-grade coins stacked to the roof...]

 

the person who did that deserves the Darwin Award.

 

Perhaps you could point out exactly where I said owning a collection makes on a "knowledgeable grader"?

You can't, and is because I suggested no such thing. The issue at hand is a so-called professional who, for whatever reason, needed the coins in holders in order to valuate them. Pointing out the fact that any idiot seller can place a reasonable value on a coin based upon an assigned grade has absolutely nothing to do with collector abilities, nor does it even remotely suggest knowledge on their part. This isn't rocket science... or so I thought.

 

You didn't say it...I said it. I was questioning why an experienced dealer who deals in coins shouldn't be considered a knowledgeable grader while posters on this forum who own collections are accepted as knowledgeable graders. It was a simple English language sentence and shouldn't be interpreted to say anything other than what it said.

You did say you wouldn't trust a dealer (I know so-called "respected dealers", including second generation businesses, but wouldn't trust them to hit more than the general range when grading even the most common of types.) to be able to accurately grade a coin. Who would you trust to be an accurate grader? A TPG? A Dealer? Yourself? Me? Some will repeatedly submit a coin to the same, or multiple, TPG's until it gets a grade they're comfortable with. Why? Apparently TPG's aren't to be trusted either, unless you hit that one grader on the right day at the right time when his eyesight is at its best or he's just too tired (late Friday afternoon) to care any more and will grade 70 just to clear his workload,c.f., the 2011 American Eagle on a different thread graded 70 with a blemish.

 

Not a good example. Not my 70 or yours but IMO, certainly a great example of a market acceptable 70 to a TPGS and the many collectors/dealers who couldn't see the blemish if you told them where to look!

 

Not true. Silvertips are the best, and recommended, ammo for Seecamps.

 

...because werewolves love seafood.

 

https://s-media-cache-ak0.pinimg.com/564x/49/4d/59/494d59a9a3ab84c5f0b76da1c22ed32c.jpg

 

My personal worst coin story goes like this. I was a young fellow, working in a big store, sweeping the floors, back in about 1965. I found a double eagle, yep, a US $20 gold piece. It was so worn that the date was gone, I forget what you guys call a coin that worn, lowball or something. Anyhow, I was real happy and carried it in my pocket........and within a few days it was lost and gone forever.

 

I do something like that sometimes, pass around a bunch of coins let people look at them for awhile and then explain they are leper colony issues.

 

Surely you jest... Silvertips are not silver; they're lead with a polymer or aluminum silver-colored tip.

Silver is not an effective bullet material because it's lighter than lead (a lighter bullet is less effective than a heavier one) and it's harder than lead (and will result in greater barrel wear*). Not to mention that the melting point of silver is about 1000 degrees F higher than lead and to effectively cast a bullet the mold has to be close to the melting temperature of the metal being cast. This presents multiple problems with making bullets from silver.

Several real-world tests have shown that silver bullets have less penetrating power at close range and are less accurate at longer ranges than equivalent lead bullets.

* this is compounded by the fact that silver shrinks less than lead when going from a liquid to a solid state. Thus, a silver bullet made in a (lead) bullet mold will have a larger diameter than an equivalent lead bullet.

 

I may have taken some liberties in my post, lol.