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<p>[QUOTE="Vess1, post: 653776, member: 13650"]I think you could have found a cheaper coin to experiment with. Other than that, I think it's a cool experiment. One word of caution though. Don't assume dealers are there to guarantee authenticity for you. They are human beings and more than likely have to assume lesser dollar items (yes even $300 coins) are real most of the time. They are not graders.</p><p> There was just an article in a recent Coinage about all the fake Morgan dollars being made in China and sold on ebay. The author bought a complete set of them for less than a hundred bucks and brought them to a coin show in Arizona to see if anyone would catch it. Nobody did. One dealer offered 30k for the set! Then he informed them they were all Chinese fakes!</p><p><br /></p><p> I told you you'd get low ball offers from dealers at a show. Don't assume those offers are top $ for the coin. Dealers can buy just about anything from other dealers at wholesale, which is around 50% or less of what you and I will pay. So a 125 and 175 offer at a show I would consider to be around 50% of what you could expect to get on ebay. But not without pics.</p><p><br /></p><p> If you put it back on ebay you'd for sure get over 200 for it but probably wouldn't get the full 300 back. Just depends on who's on that week. </p><p><br /></p><p> I'd love to see what PCGS or NGC would grade it in comparison. If it's a low eye appeal coin though, it will not fetch top $ for the grade no matter what it receives and probably should have been avoided. Unless you really needed an affordable one for a set.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 653776, member: 13650"]I think you could have found a cheaper coin to experiment with. Other than that, I think it's a cool experiment. One word of caution though. Don't assume dealers are there to guarantee authenticity for you. They are human beings and more than likely have to assume lesser dollar items (yes even $300 coins) are real most of the time. They are not graders. There was just an article in a recent Coinage about all the fake Morgan dollars being made in China and sold on ebay. The author bought a complete set of them for less than a hundred bucks and brought them to a coin show in Arizona to see if anyone would catch it. Nobody did. One dealer offered 30k for the set! Then he informed them they were all Chinese fakes! I told you you'd get low ball offers from dealers at a show. Don't assume those offers are top $ for the coin. Dealers can buy just about anything from other dealers at wholesale, which is around 50% or less of what you and I will pay. So a 125 and 175 offer at a show I would consider to be around 50% of what you could expect to get on ebay. But not without pics. If you put it back on ebay you'd for sure get over 200 for it but probably wouldn't get the full 300 back. Just depends on who's on that week. I'd love to see what PCGS or NGC would grade it in comparison. If it's a low eye appeal coin though, it will not fetch top $ for the grade no matter what it receives and probably should have been avoided. Unless you really needed an affordable one for a set.[/QUOTE]
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