Picked up this 1928 peace dollar tonight. Was looking around with a budget of about 1k, for either a morgan or one of these. I read that this were pretty low mintage. Not sure how i did. I paid $320. Should i have it graded? How much does that cost? Thanks. Joe.
Well you asked for it, Cleaned and over priced for grade, good news is they actually will refund you your money. https://www.cointalk.com/threads/great-southern-coins.217879/
Thanks for the link. I read up on them before the purchase. I read mixed feelings. If i don't like it ill return it. But until i have a coin i baught from them personally, i cannot make an assumption by reading mixed reviews. Time will tell. Thanks for the heads up though. Joe.
I agree with @KoinJester . That coin looks cleaned. Also has a significant amount of wear and marks. That seller is also well known to sell coins overpriced. They are also well known to have photos that make the coin look much better than they really are. If this coin looks that bad in the photos I can only imagine how it will look in hand. I would request a refund immediately. EDIT: When spending this kind of money I would advise buying graded examples.
Thanks everyone. I contacted the seller and explained i do not wish to pay for the item due to advice, and the negative feedback they have. I hope they agree. Thanks. Joe.
Before we're too quick to judge - we need better pictures from a normal camera. That coin shows no luster - and with that strike there should be some. I think the picture doesn't do it justice - or maybe too much, but it doesn't look quite accurate. Once you get it, post more pictures. It's definitely a clean and strong strike. XF to AU quality - hopefully not cleaned (but wouldn't hold my breath). Spend some time on photograde from PCGS and see how you think you fared. The 1928 Philadelphia only had 360k minted - it is the lowest mintage of all peace dollars. Honestly for Ebay, I don't think you did too bad. It wouldn't go for any less than $250 at retail and it is a strong strike. I think you will come out ok - but GSC has a reputation that precedes them.
No problem. They're a big seller and probably don't want to get a negative mark with eBay, so I would expect them to honor the return without fuss. If they give you a hard time point out that the coin looks cleaned and you have other collectors that agree. Let them know that listing doesn't state cleaned. If you really want to hold their feet to the fire request that they put that in writing (although you are already covered by information disclosed on listing).
While I agree that photos can be deceiving (for good or bad), I think it's pretty clear here that this coin was cleaned or has altered surface. Therefore it doesn't really matter how good of a strike it has. It also wouldn't matter that the wear is consistent with an XF or AU grade cause it wouldn't actually grade and get slapped with Details designation.
Generally that would be the case, but look at their certified listings they are clear pictures that aren't blasted with a spotlight. The pictures are like that for a reason on the raw ones.
Xf details coin. I looked at NGc auction prices in recent past and you could get a similar coin in a holder, details graded, for about half what you paid. And I saw a few Au 53, clean graded, sell for less than 250. Raw coins I'd expect to do even better than these auctions, but yours was worse. A little research goes a long way
You really ought to in this case, because we've been saying the same thing about this seller for ten years across all numismatic fora. They're still in business because of attitudes like yours.
Two things to learn tonight: 1. Don't buy raw coins from this seller (and just about any other on eBay) 2. Stick with PCGS and NGC slabbed/graded coins for now.
I have bid on coins and then (on advice from the CoinTalk professionals) have told the seller that I have changed my mind (for reason) and do not wish to receive the coin. I like raw coins generally, but if you want slabbed coins, buy them slabbed, don't depend on getting them raw and then having them slabbed...a risky game.
A cleaned au. An overpriced problem coin too bad someone messed with the surfaces as it has a great strike
I would stay away from raw, key date coins for now. Learn to grade and authenticate them, and come back to it later. For the price you paid, with a little patience, you could have easily acquired a very nice PCGS, NGC, or ANACS certified AU58 coin that would look better than a lot of MS63s. The only thing this coin has going for it is the strike. The one thing that's pretty constant in the talk about GSC is that they're quick to give refunds, however.
