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Posts posted by gmarguli
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They are currently in the queue to be graded by one of the TPG. They will be graded Specimen and auctioned off as the first Trade Dollars ever struck.
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Come on, we only talk about the amazing profits we make in this industry. Coins are a foolproof investment!!
You'll never hear people talk about the holding cost. You never hear them mention the fact that inflation ate a big percentage of that NEW SALE PRICE. And forget about anyone ever mentioning what the risk free rate of return was during that time the coin was held, much less what the return on similar risk assets were. And the high income tax rate on collectibles... forget about it!
Coins are a great investment. Just look at the record high auction prices!
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Down even more right now. BTC at $17,749 and Ether at $897.
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The weirdest thing to me is that the eBay coin - which we know is in a counterfeit slab - looks like a nice MS63. The Great Collections coin, which is more attractive, but looks beat to hell and I'd have called it an MS62 (MS61 if a common date).
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They're all going to zero. It's the "uber smart" millennials that think this time it's different, that are pouring their money into this garbage.
Personally, I can't wait for all of them to crash to $0 so I can laugh at all the moronic fools that bought this utter garbage.
- rrantique, Cat Bath and Alex in PA.
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I'm not sure how accurate the lists of "what we will grade" are. Seems like they'll grade just about anything they can figure out what it is.
What it is is a Death of Paul Von Hindenburg medal minted by L. Christian Lauer. Beyond that, I'm not sure if there are any reference books of medals minted by Lauer.
It's not super rare as I've seen them around, but it's not close to the more common design ones that are everywhere. An example sold last year in a Moller auction along with another medal for $73.
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I like it, but I'm not sure how revolutionary it is. Years ago PCGS slabbed some fractional Nepal Mohars for me and they used two clear discs and placed the coin in between. This is the same concept, but slightly different design.
I'd like to see this option with the white core completely gone and just have a clear plastic slab.
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On 5/31/2022 at 5:00 PM, RWB said:
The "rounding argument" has been used since the half cent was eliminated. The presumption is that the sell would always round up in their favor, thus causing the buyer to lose a small amount with every transaction. The proposal I made (and made by many, many others) eliminates that by including round-up/round-down specifications in the law. Further, the present move away from cash transactions means that the majority of purchases would be completely unaffected. The annualized loss or gain totals just 3-cents.
I've read articles on studies that were done. If rounded as should instead of paying exact, the consumer would benefit by around 25c/year. If the store rounded in their favor every single time, the average cash-only paying consumer would be deprived of around $8/year.
Not exactly life altering amounts either way.
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On 5/31/2022 at 10:06 AM, FlyingAl said:
Making a wise decision is sometimes not too easy for some. It's been tried, and it failed. Why? I have no idea.
There have been two extremely stupid reasons for not eliminating the cent.
1) The zinc producers
bribemake donations to members of Congress.2) It is racist as it will hurt the poor the most if stores go to rounding. Even though this has been disproven by multiple studies, some insufficiently_thoughtful_persons in Congress still push this garbage.
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Where is this info coming from?
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I admit the rest of the slab turned a little too blue. However, I think a lot depends on the original picture (more original light probably reduces the blue) and probably the original Photoshop settings.as these might be different in every version. It's also possible that the seller uses another photo editing software, such as the free ones on their phone.
Here is another pic from the seller. These are new pure copper, so I assume they are bright red in person, but to me they look copper-nickel.. And I didn't pick this because of the person on it, these are just for sale and make a good point about color.
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On 5/28/2022 at 3:35 PM, VKurtB said:
Not that it’s dispositive; I frankly don’t know. But the change in ink color from NGC blue to NGC brown is fascinating. I’ve never seen that happen.
I guess you've never seen a PCGS TrueView. Not only can the colors change, colors that aren't even visible can suddenly become vibrant in the pictures.
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On 5/28/2022 at 2:55 PM, VKurtB said:
Not enough resolution on the small image to see anything.
You can match up some of the dark spots. The odds of a counterfeiter taking the time to match up some spots on a fake and not others is next to nil.
I may be wrong, but I'm sticking to them being the same coin. And this coin shows as still being available on the dealers website.
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On 5/28/2022 at 2:39 PM, VKurtB said:
I think it’s already going back to NGC, and frankly if you cannot see the VAST differences here, I suggest a new optometrist. BTW, I still haven’t seen two reverses.
There is the one in the first post that OP took with the brown color behind the coin and there is the one NGC took with the black background behind the coin. If you'd like, I can give you the name of my optometrist.
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On 5/28/2022 at 1:15 PM, VKurtB said:
Just for those keeping score:
gmarguli - wrong
Just Bob - wrong
Coinbuf - wrong
GBrad - correct
Alex in PA - first wrong, then correct
According to who? NGC, who is looking at the same lousy pics that everyone else is.
I didn't even look at the reverse when I made my opinion. Looking at the reverse on the "NGC coin" and on "OP's coin", I'm more convinced than before that it is the same coin.
Let's buy the coin and send it to NGC for review. It's got a $240 sticker on it. We can each chip in $20.
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On 5/26/2022 at 4:19 PM, Alex in PA. said:
I may be wrongs, my memory is not what it used to be but I 'think' even a decade ago if you cracked an NGC holder something turned a different color.
Nope. If you pee in the pool it turns a different color. If you break a slab open, you just have a broken slab.
As for the "coins", I think it is the same coin with just different lighting.
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As 70 supposedly equals perfect, it is not possible to have a 70+. This would indicate more perfect than perfect, which isn't possible under the current grading system.
NGC gives the Star designation to one sided cameo coins, so a PF70* is possible.
- Hoghead515, tj96, Alex in PA. and 2 others
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I was going to guess UNC Details, Whizzed before seeing the slab. The surfaces don't look natural - regardless of the color.
- RonnieR131 and bsshog40
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On 4/15/2022 at 12:17 PM, BearlyHereBear said:
I know FDOI doesn't improve the quality of the coin, but it does seem to effect the perceived salability and value in the market.
Not necessarily. I've been watching the 2021 Morgans and SAE as I have a bunch coming up for sale. I didn't spend the extra $ to have any special label or designation. From what I've seen, these special labels/designations hasn't consistently produced a higher sale price. In fact, several times those with these labels sold for less than standard labels.
- MN1 and Alex in PA.
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If you had planned on collecting them, why didn't you just subscribe? You'd have gotten one.
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First Trade dollars. Where are they now?
in US, World, and Ancient Coins
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No, there were minted in a different material. For your sake I hope those are graded BN and not RB/Red or you have a serious problem.