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Is this worth the $80 I might spend on it? Ike "Railroad" rim...?
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<p>[QUOTE="saltysam-1, post: 1429890, member: 23368"]Although railroad rims are known, if I remember correctly they can be valuable. You need to find someone really versed and an expert in this field. I mean a national expert. We had a 1893S Morgan posted on CT about 1 year ago with a railroad rim. It was found and purchased in a Dansco albumn. (See the archives post dated 03/02/2011). Many on this board said fake, counterfeit or doctored coin. He was told it was ungradable and would be body bagged because it was a damaged coin. They said to send it to a TPG if he didn't believe them. He stood his ground, eventually sent it into NGC and it appeared in an article in Numismatic News as a rare find by a collector. I'm now a little more cautious before I dispell these type of coins. I'm not an expert, and unless someone has top credentials, it wouldn't hurt to make sure. The last I heard, Heritage and Stacks thought it should bring about $15,000-$20,000 on auction. As an XF coin, it would have a base retail of about $8500 to begin with. It was sold privately for an undisclosed amount, even though the owner first indicated he would keep it.. Now don't go out and put a deposit down on a new car just yet. I'm just simply saying ....make sure you know what you have - either way. Good luck to you![/QUOTE]</p><p><br /></p>
[QUOTE="saltysam-1, post: 1429890, member: 23368"]Although railroad rims are known, if I remember correctly they can be valuable. You need to find someone really versed and an expert in this field. I mean a national expert. We had a 1893S Morgan posted on CT about 1 year ago with a railroad rim. It was found and purchased in a Dansco albumn. (See the archives post dated 03/02/2011). Many on this board said fake, counterfeit or doctored coin. He was told it was ungradable and would be body bagged because it was a damaged coin. They said to send it to a TPG if he didn't believe them. He stood his ground, eventually sent it into NGC and it appeared in an article in Numismatic News as a rare find by a collector. I'm now a little more cautious before I dispell these type of coins. I'm not an expert, and unless someone has top credentials, it wouldn't hurt to make sure. The last I heard, Heritage and Stacks thought it should bring about $15,000-$20,000 on auction. As an XF coin, it would have a base retail of about $8500 to begin with. It was sold privately for an undisclosed amount, even though the owner first indicated he would keep it.. Now don't go out and put a deposit down on a new car just yet. I'm just simply saying ....make sure you know what you have - either way. Good luck to you![/QUOTE]
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Is this worth the $80 I might spend on it? Ike "Railroad" rim...?
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