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Mokiechan

Member: Seasoned Veteran
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Posts posted by Mokiechan

  1. I once bought a Canadian Silver Dollar and tried to register it, the person who had registered the coin earlier then confronted me because he had actually ordered the coin, from a dealer, a couple of years earlier and it had never arrived at his home (he suspected theft)..  He did receive a refund from the original seller but he kept the coin, which he never actually physically possessed, in the registry just waiting for that GOTCHA moment.  Well given the time since the coin went originally missing, and given the fact I bought it from a legitimate dealer, it was quickly resolved in my favor. IMHO, if he wanted to keep the coin in his registry for a month or two, just on the very rare chance the thief would attempt to register it, then OK, but to keep it for 2 plus years?  Ridiculous.

  2. I used to sell on ebay a decade or so ago, but now I am only a buyer.  Like most of us, I make sure the seller has excellent feedback and the higher the count the more confidence I have.  I also think that ebay buyer protection is pretty solid (I know seller are getting the short end of that stick) and has reimbursed me on several occasions when purchases never arrived.   Ebay is still a good experience for me, but I know that a major hack or something similar is probably looming.

  3. 24 minutes ago, bwolper said:

    Wow, thank you Mokiechan.  Your post thick with great information and advice.

    Thank you for taking the time.

    Bruce

    Happy to add my two cents (so to speak) Bruce.  You will find the vast majority of more experienced collectors LOVE to help newer collectors.  That is one thing I love about this hobby.  Regards, Malcolm

  4. I think of the Redbook as akin to an encyclopedia of U.S. coins.  The prices I see in the Red Book are just a general guide to the relative value of the coins in any particular series.  I have never relied on the Red Book to set prices when selling or paying for a coin.  I doubt if many dealers use it that way either.  Instead, I would educate myself thoroughly about the current market and if I am looking for a specific coin, I will actually use the SOLD prices on Ebay to get a feel for the market at any given moment.  

    If I am looking for a 1909S VDB Lincoln in VF condition, I see today that the SOLD prices can vary wildly from as low as $579 for a VF20 ANACS slabbed, to as high as $775 for a VF35 in a PCGS OGC holder.  Now you have a range to look at and decide what you are willing to pay for a slabbed (non-details) 09S VDB.  If someone wants $750 for a VF20, you can decide, based on your research, if you are willing to pay that.  It's your choice, but you have done your due diligence and know the general range. 

    Buying a raw coin, especially a relative rarity like the 09S VDB requires even more research and a very good understanding of both grading and the flaws, like obvious cleaning or rim dings, that would cause a coin to lose value, even at a higher grade.  So, best policy is join a local coin club, if possible, befriend those experienced collectors in the club, and study, study, study.

     

  5. I remember when POGs exploded all over the States, was going to Comic Con back then and you could find every possible subject from Anime Characters to Super Heroes on a POG. I still have my 25th Anniversary Comic Con POG somewhere in my house. Hard to believe that was 17 years ago.

     

    Time Flies

     

    Later,

    Malcolm