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<p>[QUOTE=&quot;cjh1985, post: 653755, member: 19846&quot;]As part of my just beginning, but never ending quest for coin knowledge, I purchased a SLQ (hey, I&#039;m catching on to the lingo!!<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />), on ebay for $299. It is a 1926 <b><u>ICG</u> rated</b>, MS65 SL (not FH). The values in the book, PCGS website, NGC website, all list this at about $500 to $550. I figured at 60% of the listed values it couldn&#039;t be THAT bad of a deal.</p><p>&nbsp;</p><p>At this point, I know a lot of you will say, &quot;what are you doing spending that kind of money on a coin, especially on ebay, when your still in coin collecting diapers!!!!!!! I know, I know, I know, I shouldn&#039;t have done that, but I like to <u>learn things by doing</u> (so please don&#039;t yell at me<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />).</p><p>&nbsp;</p><p>Anyway, as I stated on another thread, I went to my first coin show yesterday and asked 3 people what they would give me for the coin.</p><p>1) the first one said $175</p><p>2) the second one said, &quot;do you know about graders and do you realize this is not a PCGS coin?&quot; I said I did realize that and that there is a difference. He said it&#039;s a &quot;nice&quot; coin but his offer was only $125. (so that at least tells me it hasn&#039;t been cleaned or is not counterfeit:thumb<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>3) the third one looked in his book and said the book value for this coin is about $400, but he was not interested in it.</p><p>&nbsp;</p><p>Since I am still well within the 7 day window of ebay returns, I could go to the post office tomorrow and send it back or . . . </p><p>&nbsp;</p><p>my idea is to crackout the coin, send it to PCGS, and see what they grade it as. What&#039;s the worst that could happen, they grade it as a ms63 (PCGS value $235) or an MS64 ($325), I get 60 or 70% of that back on ebay and I lose $100 to $150 or so (don&#039;t get me wrong $150 is $150, but to me that is a small price to pay for the experience and education - to each there own). But if they also grade it as a 65, I could either keep it or put it back on ebay and sell it for more than $299.</p><p>&nbsp;</p><p>I just think it would be an interesting experiment.&nbsp; . . and if it works, I may target ICG graded coins or other TPGs and do the same thing. I know I would be far from the first to think of that but . . . </p><p>&nbsp;</p><p>I should tell you that even as a new grader I feel the strike, luster, and preservation are all grade 65 but the eye appeal is only &quot;so so&quot; (there is a slight darker tone to the coin). I wish I could show a picture but I am not set up for that.</p><p>&nbsp;</p><p>Any thoughts on this issue (other than I shouldn&#039;t have bought it :smile). Thanks!![/QUOTE]</p><p><br /></p>

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