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O mint bug

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Posts posted by O mint bug

  1. Nice coins. I really like the 1913 Buffalo. I had a complete set, including a nice full horn 18/17 D. Sold em to finance a portion of the house I raised my kids. I don't want to know what the 13 s' the leg 17/18 D and overdate are worth now. All were very nice and full horn coins with little to no apparent wear.

     

    I paid $525 for the overdate, $50 for the three leg Buffalo and $75 for the type one and type two Buffalos. That was in 1974. Who says coins are not a good investment as long as the pop and condition are in your favor.

     

    Thanks for showing.

  2. I have a DE I just got. Have both sides photographed and saved. Can anyone tell me how post it on this site, I tried and am having trouble. I have three others coming back and would like to post them also on a new thread when received. Mark (ex grader ) that post here asked me to post a few of my set so I would like to. The one I want to post is a in between grades (can go one of two ways) as I was going to trade in in for a higher grade but looked at the one a grade higher I was considering and the next higher grade and mine were so close I could not justify the extra money for the points.

     

     

  3. Quality! I like a few double eagles with the right mint mark and date in as high a quality as I can afford. I looked over the track record for the last 12 years and was impressed. A quick look at the price guides on the NGC and PCGS sites will reveal the mints and dates to go after. One quality piece will outperform three more common date coins for the same type and grade every time. I also look at which coins held their value the best during the most recent "not so very great" recession we are trying to crawl out of. DEs are not the only coin to consider. Pick the ones you like the most and focus on them. An average guy with a good plan will beat a genius without one every time.

     

    I would like to assemble a nice set of Standing Liberty quarters as well but there is only so much I can get.

  4. Heritage Auctions sells coins for third parties and they charge a 17.5% buyers premium (BP) for their service. Pretty standard fee for the auction houses. They do give coins upcoming for auction good visibility, especially rare ones so they are known to as many buyers as possible. It is in the sellers and Heritage's best interest to do this but I would in no way say this is a conflict of interest. I don't know if they sell anything from their own inventory as that would put them in the dealer category. Their site is a great source of information but with one nice coin and several strong buyers it can get expensive to source coins from them. If I see one I like I add the BP to the bid price as that will be your net cost to purchase it. Make sure you add the BP to your bid price as it is NOT included in the amount you offer. I just determine what I would pay for the coin and place the bid with the BP factored into my bid. Only got one coin but it was a nice one. If you contact the better wholesalers and are a repeat customer I feel you will be better off in the long run as these guys live off repeat clients to move inventory and stay in business and generally offer better deals. Finding a reputable one is critical.

     

    I will say Heritage does get some very high end material but it is usually expensive. A good source for someone in a remote area that picks up nicer pieces that are tough to find. Hope this helps.

  5. David

     

    You may want to get to know U.S. Coins in Houston, TX 713-4646868

     

    David Winters check internet for number

     

    Lee Mitchem (sp ) 310-3771299

     

    Another dealer told me that after you get to know these three you will have a majority of the wholesaler universe covered.

     

    I think you will find these guys very fair and helpful. That 17.5% B.P. is hard to shallow and if a good coin you want pops up in Auction you cannot back it out and have a winning bid very often. Create a want list and get their emil inventory updates if no want list is available. One of the above does auction and charge it but at least you are on par with other dealers bidding on a coin that they many want to sell you at a later date.

  6. There are two books I would like to suggest one is Doug Winters books on collection old gold by mint.

     

    The Official RED BOOK A Guide Book of Double Eagle Gold Coins by Q. David Bowers is in a second group of books he has published.

     

    The series also includes Books on

     

    Morgan Silver Dollars

    U.S. Type Coins

    Proof Coins- Modern

    Indian and Flying Eagle Cents

    U.S. Commemoratives

    Five Cent Pieces

    Barber Dimes

    Seated Liberty Silver Coins

    American Colonial Coins

     

    Hope this helps

     

    A collector would benefit significantly by reading any of the books as he does into great detail on how to purchase, history of the coins and determining market values. it will also help you avoid the mistakes you can easily live without.

     

    Books are somewhat dated so the prices only make you wish you started collecting quality ten years ago but the quality and amount of the important information is well worth the cost many fold. How to buy is also covered. Grading specific coins is also covered I detail.