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zadok

Member: Seasoned Veteran
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  1. Like
    zadok reacted to Just Bob in Would you say I’m getting ripped off ?   
    I would say you were holding two Chinese fakes at worst, and one fake pattern trade dollar and one very overpriced Morgan dollar at best.
    Oops, missed the first three coins. Those all look fake, too.
     
    OK, my post is confusing, even to me, so let me rephrase it:
    The coins are fake. Run away as fast as you can.
  2. Haha
    zadok got a reaction from Woods020 in Look at local coins for sale listings - good for a laugh   
    local estate sale here recently had the "super rare non-silver copper wafered Ike dollars" for only $22 each......they sold out!!!...
  3. Like
    zadok got a reaction from World Colonial in Order of Magnitude Higher Price for Top Grade?   
    i can identify with all of that...i have one album of circulated barber coins started by my grandfather from his pocket change that i inherited, i attempted to complete in in as much as possible coins that matched his in grade n toning, my son finally finished it this past year...emotionally n sentimentally much more meaningful than our other slab orientated high grade series of coins....
  4. Like
    zadok got a reaction from 124Spider in Order of Magnitude Higher Price for Top Grade?   
    astute observation...some of the plebes as u call them just dont warrant the prices...also in some cases u need to factor in "conditional rarity"...it often plays a huge influence on prices paid.....
  5. Like
    zadok got a reaction from GoldFinger1969 in Order of Magnitude Higher Price for Top Grade?   
    different strokes for different folks, sometimes its more of a matter how big of a pond ur swimming in....in some cases its the journey rather than the conclusion that's the driving motivation...for example, in some of my collections i strive for every coin to be top pop if its at all obtainable n in others the goal is to acquire the highest graded coin i can find and/or afford....in some instances this has taken 40 plus years....
  6. Like
    zadok reacted to gmarguli in Order of Magnitude Higher Price for Top Grade?   
    I'm not sure about it being limited to those  "exceedingly wealthy", but there are a lot of people who are willing to pay for the best. This is true at all levels. A coin that is scarce in MS67 and sells for $100 may bring $1000 in MS68. No need to be exceedingly wealthy for that. 
    For big money coins, there are several known billionaires out there competing for the best coins. I suspect it is a large part ego and a smaller part that the price difference is meaningless to them. 
  7. Like
    zadok got a reaction from Alex in PA. in Official Saint-Gaudens/Gold Coin Price Thread   
    not real....
  8. Like
    zadok got a reaction from GoldFinger1969 in Official Saint-Gaudens/Gold Coin Price Thread   
    not real....
  9. Like
    zadok got a reaction from CoinJockey73 in French 20-franc gold rooster   
    no....6.45 grams total weight
    0.1867 troy oz gold = 5.807 grams
    so bout bit more than 1/6th oz gold
  10. Like
    zadok got a reaction from World Colonial in What Did You Get: ANA Show Purchases / Auction Wins?   
    successful all the way around...bought well on the floor, won bout 40% of what bid on in the auctions n sold 100% of what consigned to the auctions....so a trifecta i guess....
  11. Like
    zadok reacted to gmarguli in What Did You Get: ANA Show Purchases / Auction Wins?   
    No.
    A pattern is basically a coin of a new design that may or may not have been adopted later. It could also be related to the metal it is struck on, for example the 1974 aluminum Lincoln cent.
    Specimen is the term being used for coins that are not normal circulation strikes, but also not traditional proofs. A mint may strike a few coins at higher pressure on polished blanks in order to present to government officials. Or they may take special care in grabbing a few early struck examples for record purposes. Or the coin could be an actual proof, but no record of proofs were kept, so the TPG are calling them specimen instead. And admittedly, in some cases the coin may just be a normal circulation strike, but it exhibits characteristics so outside normal examples (such as squared rims, fully PL surfaces, cameo contrast, etc) that the TPG want to give it a special designation to set it apart. 
  12. Like
    zadok got a reaction from GoldFinger1969 in Buy the Coin, Not the Holder...   
    in virtually all series....the only possible exceptions mite be earlier colonial coins n the super rare early coppers where some dates in mint state r unique or nearly so....
  13. Like
    zadok got a reaction from GoldFinger1969 in Buy the Coin, Not the Holder...   
    a ms60 morgan or saint has the same issues as a smaller denomination coin....the reasons for the 60 r detracting, if anything the larger heavier coin will have more detracting issues n more area to show them.....
  14. Like
    zadok got a reaction from GoldFinger1969 in Buy the Coin, Not the Holder...   
    priced does not mean they sell....
  15. Like
    zadok reacted to DWLange in Mercury Dime Missing date   
    It's 1920-D. The 1926 date has a closed loop to the 9, and the entire date nearly fits under the bust. Here's an explanation of why this was done: https://www.ngccoin.com/news/article/7012/
  16. Like
    zadok got a reaction from MarkFeld in Buy the Coin, Not the Holder...   
    not my experience at all...i see better date ms60-61 coins in inventory over n over again while choice au58 coins same dates sell almost as fast as made available n often at premiums above the ms coins....personally i have a high % of au58 coins in my collections n no ms60 coins at all....there r reasons they grade ms 60 n none r good....
  17. Like
    zadok reacted to MarkFeld in Buy the Coin, Not the Holder...   
    The phenomenon isn't limited to just a few types. Often, an AU58 coin can be more (if not far more) appealing than a low grade unc. piece. The latter often gets its low mint state grade, due to lots of marks and/or other problems, which a nice 58 wont exhibit. 
  18. Like
    zadok reacted to MarkFeld in Buy the Coin, Not the Holder...   
    I see quite a few nice AU58 coins that bring more than 60 and 61 (and sometimes even 62) money. 
  19. Like
    zadok reacted to VKurtB in Buy the Coin, Not the Holder...   
    Ding! Ding! Ding! WINNAH!!!
  20. Like
    zadok got a reaction from Numismatic, A.A.S. in If anyone is looking for a coin let me know I may be able to help   
    true...one of the best...have known him n done business with him for 27 years, never one issue....
  21. Sad
    zadok reacted to RWB in Buy the Coin, Not the Holder...   
    Circulation wear is always a continuum. The defined points, adjectives or numbers, are convenient references where distinctions are easily made: 3 letters show; 5 letters show, etc.
    The whole numeric scale is a fraud - it implies accuracy that does not exist, and it was not thought through to create a basic uniformity between each adjective/number.
    TPS accuracy/consistency for circulated coins is extremely good. For uncirculated coins, it is poor.
  22. Like
    zadok reacted to MarkFeld in Buy the Coin, Not the Holder...   
    Roger, you certainly need not (and apparently don’t) believe it, but I’m perfectly capable of thinking from a collector’s point of view and my opinions aren’t based on “profit”. I believe that my approach is based just as much upon truth as yours is. As I’ve said before, I tend to express my opinions as opinions, whereas you tend to express yours as facts.
  23. Sad
    zadok reacted to RWB in Buy the Coin, Not the Holder...   
    Mark and I uniformly disagree on this. He is part of the commercial coin world where profit is the most important thing. My approach is accuracy and truth - even if it negatively affects profit. AU-58 is a fixed point just as is MS-70. Deviation created the atmosphere in which grade inflation and "stretch" flourish. The monetary bottom line is: Any coin examined that is "graded AU" must meet the absolute criteria mentioned above. No exceptions. If there is more than a trace of abrasion of luster disturbance, then pay only EF value - because that is what the coin is.
  24. Like
    zadok reacted to MarkFeld in Buy the Coin, Not the Holder...   
    I disagree. Even if you think certain coins labeled various numerical grades of AU are in fact, XF, it can still be useful to assign grades (50-58) to coins that others believe to be AU. For example,  regardless of how you might categorize them, typically, most people would prefer an AU55 or AU58 to an AU50 or AU53.
  25. Sad
    zadok reacted to RWB in Buy the Coin, Not the Holder...   
    No, it is not useful; it is harmful.
    AU is a singular grade/condition point, just as is MS-70. AU marks the defined beginning of a circulated coin condition. It is a point of reference which cannot be changed without destroying all reliability and consistency in the concept of evaluating coin condition. The illegitimacies labeled "AU-55," "AU-53," "AU-50" are corruptions just as much as MS-73, MS-75 etc. It is merely a greedy squeeze to take in more money for lower quality product from the feeble-minded. Remember "LU" "Slider" "Virtually Unc" and the other in a mutated slime of metastasized numismatic cancers?
    I buy for research, so the slab "grade" is irrelevant. For many that is not the case, and they are being cheated and abused for the collective avarice of fat-cat perverts.