Nutmeg Coin

I had a similar thing happen around 10 years ago where a dealer had sold me a Bust dime that was Unc. for around a grand and said that if it did not straight grade as an Unc he would buy it back.  I sent it to NGC which notified me it would benefit from conservation and it then came back as an Unc details coin. The dealer took it back, said NGC had "cleaned" and therefore ruined the coin and refused to do further business.  Clearly it had some pvc which covered the cleaning. I'd think that they've seen enough of these to realize the quick acetone dip will not help them much.  

As for who is the best, I'm pretty sure that ICG would be better at assessing a coin before dipping as Skip Fazzari both grades coins and conserves them.   He was formerly with NGC and did conservation there.   Anacs also runs a tight ship, both are less expensive.   They also will conserve coins on an invoice as needed.

On 8/9/2022 at 7:45 PM, zadok said:

...u can try n exhaust the other tpgs n see if better luck...if that fails n the date is not discernible bout the only option left is if the die with the date has unique die characteristics identified with only that date and the coin exhibits those characteristics u can achieve ur goal by inference...the only problem is when the date is gone usually those unique characteristics r usually gone as well....

I sent the coin back to ICG on another submission.   I got the result this week--1872 Shield nickel not 1879 graded fair 2.  The dealer had priced it at $135 and then knocked some money off.  

I'm actually trying to get a rare date certified, no dice on the first grading service, may try another.   1879 and 1880, none below AG.

I was trying to get a better date Shield nickel certified that looked to grade around fair 2, the service said they couldn't verify the date.  Then I checked PCGS and NGC and there were no fair 2s graded or poor 1s in the dates I looked up on their population reports..... Is that a common experience, that below AG3 you are unlikely to verify the date?

I spent a lot of time in the past on "Coin Talk" on issues of interest, but have not been on there in a while.   I found that people could be attacked brutally on that site without much in repercussions.   After some time you can't even revise or delete your own comments.

And the logic of that?  It would have been a bum deal for the treasury to do such an exchange with less silver content?

So they made silverware out of coins, but not the other way around?  Any exceptions, such as Martha Washington giving her silverware for the first silver coinage for America?

Cac would probably be interested in buying the proof quarter since it has their sticker, you could call them.

This is one of the slowest times of year to sell coins.  Personally I would look at paying for the books with a credit card or getting them used, which I used to do in college.

A coin club member asked me to sell some certified Moderns, it has taken months to get him near market value on ebay.   Auctions on ebay are a loser, I would recommend buy it now with offers.  

The buy sell trade forum on PCGS forum is good.

Never, ever run valuable coins on ebay with zero reserve or reserves significantly under value unless you have 30 or more regular buyers and followers, you will be taken to the cleaners!!  I can give you a lot of examples of that.

On 7/19/2022 at 8:44 AM, CBC said:

I would certainly not assume that.  Many (most?) collectors, like myself, don’t see any value in paying another fee plus postage both ways to have a fourth party confirm what I have already paid fees and postage both ways for a panel of third- party experts to evaluate.

It is very likely that collectors or dealers would send in expensive coins, less so coins with less of an incentive to get the green bean.   When you see a $3000-$4000 or more coin on Greysheet, with a big upside for getting the sticker why not send it in with others.  They've been refunding many of the submitters coins that don't get the sticker.   Maurice Rosen did an interview with the head of CAC a few years ago and revealed statistics on cac success rates as you went from MS65-MS67 and success rates increased with the higher grades.

Always get a second or third opinion from a seasoned and honest dealer who may also be able to service a want list for you with a 5% or so charge.  

Rigorous analysis would include checking out all the recent auction records in that grade; population figures for cac and non-cac coins, you can assume that those without the sticker at that grade have not passed with cac.  An apples to apples comparison with other MS67 cac coins; there may be some superlative characteristic in the dealer's coin that warrants more money.

A decent AU, thanks for sharing.  Values on these have gone up.

I'd do more research.  What date is the coin?  I looked up the ones that in MS66 are worth over $4000 and there are not many.   

Check out the PCGS coin facts page which gives auction results in various grades.  

Also Heritage Auctions.  Many results in all grades with cac approved coins there.

The coin is not worth what the guy listed it for.  $325-$350 or so maybe.  These have gone up but not that much.   

Was Randy Campbell at the ICG table?

He has been tireless trying to help collectors understand grading at shows.

Great Collections has a much better deal on grading/selling imo.  But most coins need to be reviewed before submitting for issues.  And you don't want a coin you think of as a gem coming back as AU58 or worse.

I follow Alex Berenson on Twitter who was wrongly suspended and recently reinstated.  He is on target.  And people are still getting vaxxed with the first Wuhan strain?

Also this is an interesting overview of overview of over 1000 peer reviewed papers:  https://community.covidvaccineinjuries.com/compilation-peer-reviewed-medical-papers-of-covid-vaccine-injuries/

We should have learned in 2007-8 how the turnstile works between industry and the agencies.

Just work in all your deductions, all costs connected to the collectibles, which you should have a lot of and you shouldn't pay much in taxes.  One year the IRS sent me an erroneous bill of around $80K because I hadn't included the paypal statement; through HR Block I paid nothing.  It's silly to think the IRS would audit you for a modest collection of your own you are selling.   You would have a bigger chance of being hit by a meteor.   

Looks like you have some GSA cc Morgans, including an 1880cc.  Rev. of 79 is worth a premium in higher grades.  GSAs such as 1890, and 1891cc are worth multiples of non-GSA coins.  Don't let people intimidate you.  

On 7/11/2022 at 2:15 PM, VKurtB said:

When it comes to being uncomfortable, the lanyard is the LEAST of my worries. My right foot is at least a 7 out of 10 on the pain scale ALMOST all the time. 

Ouch.  But for much of history most of adults suffered far more of a type of pain that most of us do not--dental.  

On 7/10/2022 at 7:29 PM, zadok said:

...be prepared to document ur actual capital gains on each transaction with the irs, as soon as ur total sales exceed $600 ebay will generate a 1099 to big brother....

That wouldn't be in the top 10 of my thoughts on selling these coins; that sounds like the mentality of someone who will make cash offers to save people the need to work it in to their taxes at the end of the year.

Getting top dollar is the first objective when selling coins, which you will never get selling to dealers.   On taxes, work in all your deductions or have an accountant do it though online software is readily available online.

Another thought, some of the coins may be cleaned others not.  Some may be AU some may be Unc.; getting them properly assessed is vital for value. Maybe someone will give you a copy of Greysheet, or you can look up values on PCGS coinfacts for free.

Only on ebay usually.  At those prices you may have what is called a "spam" listing.

I looked at it and the seller must have insisted on it since GC encourages much lower starting bids to have the market bring it up.

I know a dealer who submits MS69 eagles with some coppery spot or discoloration and they burn them off in conservation and come back MS70, often worth $1000 more!  A profitable dealer trick, buy the spotted gold at a 69 price and then make a grand in a 70 holder after conservation.

On 7/10/2022 at 3:28 PM, MarkFeld said:

The poster asked about the best way to sell them - as a group or individually. When he acquired the coins and what he paid for them should be largely, if not completely irrelevant to the advice he’s given.

I agree; if they were old Teletrade purchases and old holders likely there would be strong interest for them which can be tough to ascertain unless you do enough research.

On 7/8/2022 at 11:39 AM, GoldFinger1969 said:

For fraud, yes...but you're talking about coins that an owner might believe are misgraded, right ?

No, I was referring to large businesses that ignore customer complaints.

On 7/8/2022 at 5:32 PM, VKurtB said:

This is me. 

Glad you are enjoying it.  I find those neck bands uncomfortable.