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Coinbuf

Member: Seasoned Veteran
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Everything posted by Coinbuf

  1. What a great April fools post! Tomorrow is Sunday, what jeweler is open on Sunday? You can solve this by simply posting the document that you claim proves your position, by not doing so you reduce your credibility to zero, goose egg, zip.
  2. Welcome to the forum, it could be an unknown RPM, or it could be just some strike doubling. Better (cropped) full obv photos would be helpful.
  3. It is rather difficult to have any opinion of the new education director considering that I do not know and have never heard of her until now. She seems well schooled, but how has that translated to any real world accomplishments, this I do not know. I have met some folks with lots of higher education that couldn't think their way out of a paper bag, and conversely some people without a high school diploma that can problem solve very well. Also the bit that you posted doesn't describe if she has any experience with coin collecting, either as a collector or having been around the hobby. Maybe that is not relevant, maybe it should be, time will tell if she can have any positive impact on the ANA's educational mission going forward. As to Mr. Brush, what is the angle? That may come off sounding very judgmental, but my sense of him is that he does things that benefit him so that is what popped into my mind as a first reaction to your question.
  4. Welcome to the forum, your dime has no mint errors just a badly damaged dime. You may have seen similar looking coins for sale on places like fakebook or ebay but those are sellers either intentionally looking to rip off someone else or someone so clueless or desperate that they again are looking to gouge others. You will also see stuff like this posted on you tube videos, same issue, those who post those videos are only looking for clicks so they get paid by the ad sponsors, they have no incentive to be truthful.
  5. Damaged coins are always very difficult to value because a coin like this has a different value to each collector and varies greatly with his/her goal or want for such a coin. This is a good coin for a budget collector that wants that better (key) date coin but doesn't have the wallet to buy an undamaged example. I certainly would not send it to a TPG as it will really have the greatest appeal to an album collector, imo.
  6. Welcome to the forum. There is no perfect right or wrong way to submit coins. As a general rule most experienced collectors and dealers will not submit a coin unless the value of that coin is greater than the original cost of the coin plus the grading/shipping costs. Another often cited rule is to only submit coins whose value exceeds $250. Liquidity is another reason that some coins get graded/slabbed. Some sellers feel that they will get more and sell a coin faster if that coin is TPG graded. All of these general scenarios are geared to value and resale options. However, there are lots of coins that do not fall into either category above, some of those lower value coins can be attributed to mistakes. No matter how good a grader anyone is, there will always be the occasional surprise grading result. Perhaps the submitter overlooked a minor detail, and while not very often, at times the TPG's do not give a coin the grade it deserves. Sometimes the submitter will resubmit that coin he/she feels the TPG missed on, sometimes they just call it PQ, sell it and move on. A person may decide to submit a coin because they need/want that coin in a registry set, in which case the value may not be the ultimate arbitrage. Another possible reason for low value/low grade coins are coins that have sentimental value to the submitter. Some folks are very willing to spend whatever it takes to slab good old bampaw's scratched and damaged dime. In the end it is up to the submitter to choose the level of cost he/she is willing to pay to grade a coin for whatever reason they feel is warranted. The only scenario I always advise against is when someone claims they are "doing it to save the coin for future generations". This is a very poor reason to submit coins to a TPG, there are many other storage options that are far less costly than submitting a coin to a TPG
  7. Nice to see you on the hunt again! One will pop up, not a tough coin to find in general and I can relate. While I can appreciate a nice toned coin, for coins from this timeframe I prefer a blast white coin as well.
  8. 2K has provided a very strong resistance point so far, gold spot has been at or slightly above that a few times recently and always backed off to below 2K just as it now sits under the 2K level. It will not be a breakout until the price can move above 2K and then bounce off 2K and move higher, that will be a breakout.
  9. Just a plated coin, coins plated with nickel are attracted to a magnet. We see these posted here and on other forums almost daily.
  10. Your question has a number of what if's, and unknown variables to answer. First what does "very nice condition" mean to you? AU, MS63, MS68, very nice condition may very well mean something very different to you than to myself. Second you seem to assume that people will still collect coins in the future, they very well may do so (and I hope so) but that is not a known event. The government is working and planning to move to a cashless society in the near future, so coins may only continue to be made to sell to collectors vs for use in circulating commerce. If or when that happens all the coins produced and sold will be of very high quality, in fact it might be more valuable to find coins produced under that scenario that are worn as opposed to high grade coins. As has already been pointed out, many common date high mintage coins of the past two centuries trade at or close to the spot value of the metal they are made from in the lower MS and AU grades. Those are the type of coins you are most likely to pull from circulation, while not impossible to find the occasional high grade coin (by that I am talking MS68 or better) from your pocket, it is very rare. Most very high grade modern coins come from mint sets or rolls of coins that never reached circulation, not from pocket change. Another variable you seem to have left out is the time value of money. With our current hyper inflation just in the time it took me to write this post the change in my pocket has less purchasing power, ok slight hyperbole but you get my point. Coins of the previous centuries had real value because they were produced from a precious valuable metal, todays coins are made from base metals with no real value over the face value of the minted coin. Chances are very high that if you hold vast quantities of todays coinage you will actually be losing value and purchasing power into the future. And do not forget the physical storage it takes to save quantities of coins, I don't have it on my computer but there is a photo that I have seen posted on the PCGS forum of a guy that saved tons of cents. He posted the photo of his garage full of 55 gallon plastic barrels each full to the top of cents, I cannot even imagine the cost to store and possibly move such a quantity of coins. Coin collecting is a personal journey, and if saving lots of "pocket change" makes you happy then great do that, but if you are thinking that doing so is somehow a good storage of value or that you will be hailed as the savior of modern coinage, well that might be a stretch. If your goal is to provide future wealth for your family then depositing your pocket change into an interest bearing account or getting a second job and putting those funds into a SPY fund will likely provide a much better return than searching and holding onto lots of modern change.
  11. Did you review and read the sites that are linked for newbies in the pinned post at the top of this section? If so did you review the four known RPM's for the 55-S Lincoln cent that are listed on Variety Vista? And if you did that which one do you think you have? We do not mind helping folks, but I do not think it is asking too much of you to do the research yourself and then ask for confirmation.
  12. The best reference for this coin is badly damaged.
  13. Road rash, not errors or varieties.
  14. First coins are not stamped they are struck or minted. Second your coin is a circulated coin in rather terrible condition, you would get more satisfaction by taking a wad of cash and lighting it on fire than to send in a coin like this for grading. That may sound harsh and I'm not saying it to be mean, that is just a dose of reality.
  15. @Ben_pennies while it does appear that you do have an example of the 1936 DDO FS-101, the coin has been cleaned and there is clear post mint damage showing on the obv. We have no idea if there is more damage on the rev as you neglected to provide a photo of the rev. However, the damage present on the obv would preclude a straight grade at any legitimate grading service. From your obv photos I would grade it XF details, although it might grade lower depending on the condition of the rev. You could send it in to NGC, PCGS or ANACS for grading and then send to Great Collections, Heritage, or Stacks to have it auctioned off. But between the costs to certify, costs to auction for only one damaged coin, (do not forget all the shipping costs too) I do not see you making very much of a profit on this coin, more than likely you would lose money. Selling the coin as is on ebay is the cheapest and likely the best selling venue for a coin like this.
  16. @Wasaki your photos are way over lit and blown out with too much light, that makes it very difficult to see much of the surfaces of the coins. That said I do not see anything in your finds that would be worth keeping much less sending in for grading.
  17. Appears to be the typical souvenir replica from your photos.
  18. From these photos the value is in the silver content not any collector value. I might have a different opinion with better photos.
  19. Welcome to the forum, to damaged to be worth the cost to submit for grading, it will almost 100% guaranteed be returned in a details holder as environmentally damaged. It is a cool find but has very little collector value in that condition imo.
  20. Nice coin in a nice rattler holder!
  21. That is great, happy to hear that you were not required to dismantle your set entirely.