Crawtomatic

On 11/15/2019 at 3:20 PM, Matt_dac said:

I would get it graded because there will be higher demand for PF70 vs something else.  Those who get PF69 (or worse) will be disappointed. 

This argument could be used as the counterpoint as well.  

By not grading it you don't have to be the one that gets a 69 and disappointed.  By reselling it ungraded in original packaging you're essentially selling a lottery ticket to somebody willing to take that risk.  Your return should be somewhere in between the "disappointing" 69 and the full jackpot 70.

Just depends how risk averse you are.

Interesting.  They even pose with the coins similar to how our customs agents in the US do with drug seizures.

I'm not familiar with the laws but the article cites these:

Law of Protection of Antiquities No. 117 of 1983, and its amendments by Law No. 3 of 2010

Law No. 94 of 1983 on the Money System in the Arab Republic of Egypt

...........

A while back I made a low cost eBay purchase from a seller in Egypt (like, less than $5).  Primarily for a novelty/counterfeit British Sovereign that was in the mix that I wanted to see in hand. The coins were sent via FedEx and taped to a piece of paper.  Had I been interested in the value I may have been upset but I was definitely curious as to why they were mailed the way they were.

1 hour ago, Jaynh said:

Thank you guys for your help. I’m trying to learn the rim difference This coin game  isn’t  easy

You'll hear squared off vs. rounded for proof vs. business strike rims.  If I could draw a side diagram it'd be something like:   |_| vs. U

Looking at actual proof coins in hand as @VKurtB suggested would be beneficial to compare.

Thanks @Hinkle.  Their auction results page is pretty well done.  Appreciate that.

I'd say the ear appears more likely to be doubling than the date & leaves.  Speaking of Canadian coinage though, what sites did you find with information on Canadian varieties?  I'm trying to learn a little more about Canada & UK (decimal) coinage but haven't decided on which books to purchase or sites to visit to start with.

Recent Heritage Auctions prices realized for the MS70:  April 2019 - $5,280; March 2019 - $5,040; December 2019 - $5,040.

For the PF70UC:  July 2019 - $222; June 2019 - $180; May 2019 - $156.

So I believe it's the circulation strike that would be considered a condition rarity in MS70.

Go with the price you paid for them or estimated book value.

On 11/10/2019 at 1:39 AM, allansmw520 said:

While it is necessary to create an invoice for both world and us coins, is it correct that I can submit them in the same package?  Thank you and I apologize if I’m asking a redundant question couldn’t find much 

 

Steve 

I have done so.  Separate submission forms, same package.

1 hour ago, Conder101 said:

You can actually take it down to just 2 simple machines, the inclined plane and the lever.  As you mention the screw is just an inclined plane wrapped around a post, a wedge is just two inclined planes back to back.  A wheel and axle is an infinite lever with the fulcrum at the center and the end of the lever not stopped by the ground so one end goes "down" and the other up continuously.  A pulley is just a wheel and axle with a rope running over it.  As you pull the rope the infinite lever goes down on one side and up on the other and the rope goes with it.

Right??  I mean, I'm not the one defining the list of simple machines but I'm with ya.  Somebody else long ago decided 6 was the magic number so I'm just deferring to history.

However, I believe it has to do with a balanced mathematical equation moreso than the design.

Science!  This presents a good opportunity for learning.  There are 6 simple machines:  the inclined plane, lever, wedge, wheel and axle, pulley, and screw.  (Though personally I feel the screw should not be included in the list as it's just an inclined plane wrapped around a rod - so it's repetitive to be mentioned.)

There are many types of drills and most are considered complex machines because they combine two or more simple machines to function.

A drill does not push the material through the medium, it extracts the material.  A common drill bit has an inverted inclined plane sunk into a rod.  This inverted inclined plane serves as a channel so that when it enters the medium and displaces material that displaced material travels up the channel and is deposited at the top of the shank.  Sawdust, metal shavings, etc...  So, to echo JustBob, yes, metal protruding from the entry point would be expected as the result of a drill.

They really stand out when you view the coin from a tilted angle.  The cartwheel rotation helps pick out all the flaws like that as well as spots of dull luster.

1 hour ago, VKurtB said:

If you can afford to "hold" until the market gets sane again, that'd be my advice. 

Or is the market currently sane for what my daughter refers to as "little chunks of metal"?  Rough estimate is that NGC has ~900,000 St.-Gaudens in slabs.  Why should we expect much of a numismatic value premium above spot for these coins?  I get that the design is beautiful and well regarded but there wasn't much need for the common person to circulate this denomination, right?  Which means they sat in bank vaults for large transfers only.  Even if many were melted after 1933 there's still far more supply than actual collector need.  They're just glorified bullion eagles if you ask me.

Personally, I'm more interested in the smaller gold denominations like the OP shows.  Coins which entered circulation as a primary purpose.  Issued on payday, took a beating, got lost, melted, placed in jewelry, etc...  Therefore making those that remain in uncirculated condition an exception.

Research reference:  AWW (average weekly wage) for an unskilled laborer in the metal manufacturing industry in 1914 was $9.919 ($0.218/hour x 45.5 average hours).  I'd imagine with daily/monthly expenses they most likely would never have a need to own a coin above the $5 denomination.  "Wartime changes in wages, September, 1914-March, 1919. National Industrial Conference Board."

I don't think it is.  The tips of those arrows would need to be fully covered.  It looks like it's been *smushed* a little on the leaf which is making it appears the tips are covered but you can see a small gap.

https://www.ngccoin.com/variety-plus/united-states/quarters/washington-quarters-1932-1998/820103/

33 minutes ago, Dukemnm said:

I got three disappointments in my recent submissions. 

The first I don't understand. I am still waiting on the coins to be returned. 

waiting on pictures

What does this even mean? 

Comment

OBVERSE WHEEL MARK

 

https://www.ngccoin.com/news/article/4412/Wheel-Marks/

Sometimes they're tough to spot initially but after you see it you'll wonder how you missed it.

Sounds like it's a "Sample" slab given out as a promo at a convention at some point.  There's collectors for that sort of thing but you'll need to provide pictures for more information about the slab in particular.

22 minutes ago, numisport said:

As for pricing this holder remember that ten thousand plus [other] '03-0 dollars exist at or above that grade level for less money. I understand that people collect GSA holders exclusively and agree that recent auction prices would be the most realistic value, then subtract 20 percent. 

I don't think it's fair to discount the hard pack.  As there are collectors specific to that segment that's where the pricing & value should be reflected.  If somebody has the Morgan removed from the hard pack it could be notated on the certification label but that's hardly the same.  It's quite a few less certified in the hard pack so that's where the premium lies - that and it's not a CC mint dollar.  Even if MS64 is statistically the crescendo of the bell curve and most common grade.

1903-O MS64 GSA Hoard (Hard Pack) Census Numbers:

NGC:  52 total, 19 in MS64, 5 in MS65

ANACS:  0 (?) Looks like they don't have a certification holder/process for the hard pack but I'm wary of committing to that.  Nothing showing in the pop. report either.

PCGS:  3 (?)  I can't tell if they're in the hard pack or just noted on the label though.

38 minutes ago, Just Bob said:

It looks like glue, or some other clear substance.

Seconded.  If it were a cud the details would not be present where the cud is.

On 10/27/2019 at 10:10 AM, numisport said:

Uh no the holder might go for that much !

Am I missing something or are you just going to make a statement without explanation?  Original poster said he has the coin, in the GSA Hard Pack, graded in a MS64 holder.  So that's what I researched for pricing.  Are you suggesting the coin, on it's own raw and outside of the GSA hard pack would be worth much less?  IF so, I agree. can't answer that.

But that's a different scenario than the original poster is working with.

In 2016, an MS-63 version sold for $2475 on GreatCollections.  https://www.greatcollections.com/Coin/327187/1903-O-Morgan-Silver-Dollar-NGC-MS-63-GSA-Holder-GSA-Box

3 years ago is enough time to change prices, though.  The plus side is that it doesn't seem to be a combination that comes up very often and that one above had lots of bids.

Most recent comp would be this one sold by Heritage in 2018.  Actually uncertified but has a grade of MS62 on it.  For that it brought in $1800.  https://coins.ha.com/itm/gsa-dollars/silver-and-related-dollars-morgan-dollars/1903-o-1-gsa-hoard-ms62-uncertified-ngc-census-0-0-pcgs-population-0-0-/a/131841-23875.s?ic4=GalleryView-ShortDescription-071515

I'd estimate the coin you have would go for north of $2,000.

15 hours ago, kbbpll said:

What has always stuck with me on the original topic, is purchasing a 1971-S "brown box" Eisenhower directly from the mint in 1971 for $10. I still have it. 48 years later, you can easily buy one for $12-15 with shipping. $10 in 1971 is $63 today. You should only buy this stuff because you want it, not because you think it will be worth more later.

Very great point.  Recently I purchased a collection of albums and with them came 2 books from 1965.  One to the effect of "appraising your collection" and the other a "green book" which was a price guide of sorts that included Canadian coins as well.  Anyhow, I routinely advise my son to purchase the coins he likes and the best version he can, but he's also 9 and when it comes to him blowing $40 at a coin show on junk silver or low grade common year indian heads then he's free to make those decisions on his own.  But back to the books, I had him grab his 2019 Red Book and I opened the 1965 Green Book and pulled up a website that would convert 1965 dollar amounts to current calculating for inflation & buying power.  After calling out most coins, telling him what they were listed for, what that amount is worth today, and having him compare it against current Red Book values the takeaway was that most simply followed the same trajectory.  Meaning they were not "great" investments, only that they held against inflation and didn't necessarily lose.  Anything gold actually outpaced inflation but that's most likely due to the relatively high price of gold bullion currently in place.  *adjusted for inflation, it's still lower than the peak in 1980* https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

Whenever he's tuned in to the research I like to take those little moments to help him build a better understanding of economy, cyclical events, and false conceptions.  Where somebody may look at a coin they've owned since 1955 and say, "Ya know, I paid $200 for that back then and I can sell it for $2,000 now.  That was a great investment!" but it's really not.  They just hedged inflation and missed out on investing that capital in something that may have outpaced and actually built wealth.

**I'm not saying there are no coins worthy of consideration as a great investment.  Similar to art as an investment, if there is a limited finite quantity and demand there will always be those uber rich interested in owning the best of the best.

From what i can gather the US Mint products rarely hold up value on the secondary market.  I presume some of their costs for the bullion products includes the cost to acquire the metal, the production costs, then a healthy profit margin.  Once it hits the secondary market though only those items in an exceptional quality range garner much of a premium.  The vast majority trade for a minimum % above spot price.

1966 Jefferson Nickel NGC MS-66

1964-D Kennedy Half Dollar NGC MS-63 (Toned)

1978-D Eisenhower Dollar NGC MS-66

1924 Huguenot-Walloon Tercentenary Half Dollar NGC MS-64

Canada 1999 S$5 Silver Maple Leaf Fireworks Privy NGC MS-67

37 minutes ago, VKurtB said:

So what is your point? It's a 1964 Kennedy proof half dollar, period. They made gazillions of them.

I think he/she's hoping for another rarity.

https://coinweek.com/prices/rare-1964-sms-kennedy-half-dollar-sells-47k/

On 10/15/2019 at 3:22 PM, Tridmn said:

Yes, it is stamped like this. Only the middle is raised. So, seeing as how I am still pretty new to all of this... what does all that mean? It is a mint error, and would that make it worth keeping or having it looked at?

@Conder101 I think he's saying somebody stamped the D into the coin.  "only the middle is raised"  If it were a die chip then he'd be saying the whole D is filled.

Not a mint error.  It's a spender.

https://en.wikipedia.org/wiki/Countermark