This & That Chat

This thread is intended to create some chatter about this and that in the world of coins. Topics may include things that you find interesting, exciting, trivial and mundane.

 

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I'll start off with this coin that interests me. It is a three cent nickel slabbed by NGC and graded PF63. Nice example of this coin, but the eye appeal is not there in my opinion.



http://www.ebay.com/itm/171087942798?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649

 

Eye appeal is in its own league I suppose...where spotted, ugly, dull, and crabby coins can attract bidiots.

 

I'd buy it investment-wise, if the bid stays reasonable, then send it off to NCS and restore it. But it will NEVER, and I mean never in the whole eternity, make a CAC jelly bean.

 

Have you ever had a coin restored before? If they do a good job that is a great alternative and I agree that you could make out well with this coin if the price is right. Do you have any idea of the cost to restore a coin?

 

You can tell NCS does a good job in restoring:http://www.ncscoin.com/gallery/conserved/featured_conservation.asp

http://www.ncscoin.com/gallery/conserved/index.asp

You can tell its not so expensive to get it restored: http://www.ncscoin.com/conservation/services_and_fees.asp

...And by reading this you can also tell I never got my coins restored, though I have some on the waiting list...

 

I agree the eye appeal is about the same as someone with smallpox.

 

Remember in their gallery they are only going to put their real success stories. I have seen coin, especially coppercoins, that NCS has conserved which in my opinion were not only not helped but which were actually hurt in the conservation process. Also that pair of pictures is deceiving. The boxes took the brunt of the fire damage and most of the slabs are intact if discolored. Even the ones that aren't are only partially melted, not seriously burned. I suspect that many of the coins were not seriously hurt by the fire and needed maybe a quick dip before reholdering. I also note that there are a lot more coins in the after image than in the before. Did they reproduce in the heat, or was a put together for show piece?

 

Thanks so much for the information. The price seems to be reasonable for good coins. This one is supposedly around $450 using Red Book estimate.

PS ,.. Do you know of a good retail price guide that is more accurate than Red Book? I"m thinking of buying the Blue Book next time so I know the wholesale for coins before I buy.

 

Here is another 1880 in the same grade.

http://www.ebay.com/itm/Proof-1880-...23?pt=Coins_US_Individual&hash=item2ec95262fb

 

MUCH better eye appeal! This one looks like its in the league where gemmy, nice looking coins are accepted, where I and most of you guys belong to.

 

Id still buy the first one for investment purposes. See, if there are bidders bidding on that coin on ebay, I bet when I put it on ebay again for $400 it will attract bidiots still

 

The bidiots might bid it up to that this time around. It is currently $117 and going higher.

 

Safe as long as it doesn't cross the $250 mark.

 

There are a couple of days remaining in the auction and it is still at $117. You can pick up the other one for $425 with no issues. To restore the first coin you figure there are shipping expenses and cost to restore the coin which is probably going to come out at least $50. They make it sound cheaper, but my guess is there are going to be additional fees etc. You also don't know how it will end up after restoration. Then you have the issue that they had to crack the case so you will probably be charged another $20 to grade it again. It's a gamble at the current price. The other option is to keep it in the original condition.

 

Even if it costs $100 for all the restoration process, It's still safe at $150 or less. The total cost (the coin plus restoration ) just can't cross $350 to get some profit. But maybe I would just buy the coin, put it on auction starting on $450 and see of there's market for it, necause if it sells for $ 500, you are getting more profit.

 

And if it comes back in a PF-62 holder, or if they can't get the spots off completely and it comes back in a PF-63 details holder (Heaven forbid a PF-62 details holder) hows your profit then?

 

That's an excellent point. Besides this isn't a for profit transaction. I collect three cent nickels so it would be for my collection and not for auction. I try to make the best deal possible so that my collection has maximum value for resale if I ever decided I want to cash out, but I don't think most collections are a great short term investment unless you're buying wholesale.

 

Okay, so this thread isn't a one trick pony and I would like to bring up other discussions and I encourage any other members to put up your own items you'd like to discuss on this thread.

Here is something I've wondered about while browsing eBay. I often run into what appears to be truly great coin and valuable in the high grade. However, the coin isn't professionally graded. So what's up with that?