Just won my first 1908-d no motto

Is there a way to block a user so you don't have to see his posts on this board? I'm done with this BNB character.

 

Log in or Sign up to hide this ad.

..

 

Yeah sure, I think Doug posted about it in the support & feedback section. BNB character huh? Insult me a little too? I'm sorry you have such a "problem" with me, but it seems like you choose to see things how you'd like to see them and not give any light to "the little guy". Good luck.

Wow, some of you on this board are just plain ruthless.

 

Well, you did quote a whole lot and I really don't think it's worth anyone's time including my own to answer each point again and again.. but, regarding the "I know gold" statement..

So what?

I feel confident about gold because I've owned it and dealt with it when I traded commodities. Shoot me for saying such a statement.. I mean jeez, I get vilified for some of the smallest things on here..

Anyways...

 

There are sweet cinnamon swirls of fail in every bite.

He ain't 'bout to get it guys, just let it go.

/ thread.


stainless

 

BNB,

Don't let it get to you. Take some deep breaths.

 

Yeah I will.. I just really did not need this unnecessary beating..

I don't ask for it like one of you said.

I just post here because I want to meet new friends or share my excitement or get some advice or maybe give some.. not to get nailed to the wall like this..

 

Who is "nailing you to a wall"? All I have read was people saying to be skeptical, which I would be also especially on the no returns part (I would have asked by e-mail before I bought if this coin was considered bullion).

YOU created the scene.


stainless

 

No, I just disagreed with a few and answered people's long posts with long posts of my own. No scene here

I think the huge amount of skepticism is also what may have been something I responded to. I respect it, but this was a coin I took a chance on.

 

I cna see a $10 chance, maybe even a $50.

But, why would you take a chance on a $1,000+ purchase in a hobby that you are still very new to, and not guaranteed a return?

stainless

 

I appreciate the question, why am I doing this you ask..

Good question.

It's because there is a part of me that thrives on risk.
Of course it's an ego thing to a degree as well.

Sure I want to 'be right' and get a coin that i love close to spot. Will that happen? Let's see. The coin comes tomorrow and you better believe I'll put pics up the second it arrives

 

I'm heading to bed guys.

To an extent, I enjoyed the verbal banter with some of you but nonetheless, I'm just here to learn and speak my mind as respectfully as I can.

Have a good night.

 

The Young and the Restless: BNB Chronicles

I've been faithfully reading and following this thread the whole way through and I'll be sure to tune in tomorrow for the photo segment after the coin arrives... :eat:

 

I've done my share of eBay gambling as well, and I've posted a thread about it awhile back. But in my "gambling" I've limited myself to buying coins that were certified, but were being sold with horrible photos. At least that way, I was minimizing the downside risk in that I knew the coins were authentic and I knew I'd always be able to sell the coin at a certain bottom line price based solely on the grade on the holder, regardless of what the coin really looked like. I made a couple great deals doing that, and a couple of bad ones... but one was so ugly looking that no one would buy it and I had to send it in to the certification company under their grade guarantee.

Even with my downside risk substantially mitigated, making these eBay gambles was just too crazy for me so I rarely even consider it anymore. I just can't imagine taking a gamble on an uncertified gold coin where the downside risk could be as low as zero though, as I just don't know gold well enough to be able to spot the fakes from a single photo. The upside gain potential would have to be huge for me to take this sort of risk and I just don't see a huge upside gain potential in this case. I think at best the coin could certify as an MS61 or MS62 example and could sell in the $1500 or so range. Even then, after $50-$75 in certification fees and whatever selling costs you would have, the profit potential is maybe 10%-15% maximum in my opinion. That's definitely not enough for me to risk it all. Of course, I wish BNB the best with this coin and hope that it ends up being a big winner for him.

That said, I see nothing about BNB's coin here that makes me think fake or cleaned. I just don't think it's possible to tell with 100% certainty from the photos provided. I also disagree with those that say any coin like this would be slabbed already if it was real or didn't have problems. The certifcation companies grade hundreds of problem free coins every day and not all of them were cracked out of slabs and resubmitted. And with common date common grade gold coins, the certification costs probably outweigh any gain in value from certification since they are priced based on the gold value and not on the numismatic grade. Sure, there is value in certificaiton to guarantee a coin is genuine, but that is less needed if you're buying from a trusted dealer and I don't know enough about the seller of BNB's coin to make a judgment in that regard. At any coin show there are at least a few dealers with a decent pile of raw $20s and not all of them have problems.

I've bought several raw Indian and Lincoln cents at shows and had them certified, some of them worth several hundred dollars each, but I feel that I know those series well enough to make those kind of purchases on raw examples, especially when I can view them in hand at a show.

Keep us posted BNB, and make sure to post some pics and your thoughts once you get the coin in hand.

 

"...I see nothing about BNB's coin here that makes me think fake or cleaned. I just don't think it's possible to tell with 100% certainty from the photos provided. I also disagree with those that say any coin like this would be slabbed already if it was real or didn't have problems. The certifcation companies grade hundreds of problem free coins every day and not all of them were cracked out of slabs and resubmitted. And with common date common grade gold coins, the certification costs probably outweigh any gain in value from certification since they are priced based on the gold value and not on the numismatic grade. Sure, there is value in certification to guarantee a coin is genuine, but that is less needed if you're buying from a trusted dealer and I don't know enough about the seller of BNB's coin to make a judgment in that regard. At any coin show there are at least a few dealers with a decent pile of raw $20s and not all of them have problems."

I agree with illini. Please post photos when you have the coin. If you ask for an opinion, I will offer mine. If you don't, I won't.

 

illini, FWIW, I understand that not everything will be slabbed. I completely understand that there are many good, loose, coins left out there. The problem is that the problem coins aren't always that obvious to be able to differentiate from the good ones.

I know someone who submitted a bunch of Peace dollars recently. He thought they would all be graded without a problem. Less than 10% got graded. The rest were problem coins with nearly every excuse NGC has. He was shocked because he didn't see any problem with them.

 

Hey all, just spoke with KS Raw coins (the dealer) via phone who's sending me over this 1908-d no motto and he was certain I'd be happy with the coin.

He said if I look at it and don't like it, I can return it.

He also said he highly doubts the coin will come back in a body bag if I get it certified. The grade he can't give, but he said it's more than likely to get certified.

Regarding the black little smudge, that is most likely on the coin but he said to call NCS if I want and have them restore it and then shoot it right over to NGC for grading.

I thought I got a good response there!

 

Well that is good news. Still hope it works out for you.