Woods020

Before long we will have to pay emissions taxes every time we fart…

I can’t say for sure what caused the discoloration, but my guess would be it was in the ground for an extended time. Metal detectorist often find these and after a quick scrub throw them in pocket change. They are often highly corroded like this one. If sent to grading it would be labeled as details-environmental damage most likely. This just signifies the corrosion from wherever it has been. I know you aren’t grading but if you ever see a coin slab with that details grade you know it will be similar.

I think it’s concerning for many reasons, including this hobby. First I think it is BS to pay a tax on an unrealized gain. It is and always has been a gain only when a transaction occurs. Then the selling price is compared to purchase price, and taxes are paid. For collectibles it’s 28%. Saying someone has to pay for an unrealized gain is ridiculous. What would happen if it loses value? Do you get a tax credit? Is it capped? I’m sure if they even allow a credit it will be similar to capital gains from the stock market. Full taxation on the sell of stock in the year the gain occurred, but a maximum of only $3k a year in loses. Extremely inequitable. For numismatics and any collectible this would definitely deter anyone from wanting to invest any meaningful amount. There would be far better and fairer ways to use the money at that point. Collections would go back to circulation examples in basic books I would imagine. The only good thing, if there is one, is he said households worth more than $100M. I can’t speak for others, but myself I’m a little shy of that threshold to say the least. Now do I think it’s fair to punish someone disproportionately because they are successful the answer is a resounding no. Why punish success unless it is I’ll gotten gains???

I do not. Id make you a very fair offer, but the slab only goes so far.

No truer words have ever been typed. The more I hang around dealers they more I see just how little most of them know. Quite honestly most of them don’t care to know. They can look up a coin/grade in Greysheet, pay less than the amount they think they can sell, and they make quick money. Many have no interest in the coins themselves or even know the basics. They are hustlers making a quick buck. The sad thing is everyone price shops and the hustlers often times buy cheaper and sell cheaper. There is little reward for being a reputable dealer, atleast at shows. Now I only hope if I help people and know a moderate amount of what they need to know it will pay off in the long run. I refuse to do what many of the hustlers do to make money, and they do much better at shows in sales than I do. As an aside the show I was at this weekend took up donations from dealers to give kids in the YN program. I paid attention as they came and picked them up, and it played out much like I thought. Those that care about the hobby, and have knowledge/conscience donated generously. Kids are the future of it all. The hustlers didn’t donate or threw in a few worn wheat pennies. The whole mindset is different.

You mean moot. But I wish it was mute.

One big reason I’m surprised this happens is the grade guarantee. These higher dollar coins being over graded leave a lot of exposure for the TPGs. I’m surprised they aren’t more stringent than less for the risk of having to make it right if someone resubmits under the guarantee for review. Now obviously it isn’t an impartial review and they may claim the grade is correct, but it does seem like an unjustified risk for them to do this.

It clearly isn’t. I thought someone may disagree. It really is ridiculous to me.

I’m guessing it was a pin of some kind. But that’s only a guess.

Did the other side show any sign of a pin or clip being on it? Like a solder mark maybe? That size would suggest a medal or pin to me. But I have no real help for you.

None of us. That’s the point.

Is this the “discovery” you are referencing? I don’t see any such announcement from NGC, but maybe they made some announcement. If this is what you are referring to ICG is a different company all together. And a much less reputable one at that. https://www.google.com/amp/s/www.numismaticnews.net/.amp/us-coins/major-error-on-2021-s-morgan-dollar

This is a very serious claim, and one not to be made lightly. We saw a gentleman claim this a while back with absolutely nothing to back it up. Do you have any proof of your claims? Pics of the coins before and after submission? I will say that in general this group will not be on board with frivolous claims. Additionally if you submitted them in a standard submission mint errors will not be attributed. It requires an additional fee and a separate submission. Sounds like submitter error to me.

Never mind. I just hit up several dealers who have a bunch and no one will get close to those prices. Apparently some guy buys them in bulk from them at Greysheet -10%. They all sell them to him when he comes around.

I’ll round some up if you are ok with paying shipping

Some anomaly on the die. Not sure if it is a crack or polishing mark but it certainly isn’t doubling.

I would not be willing to give 2.5 ounces of gold by any means, but if you want to simply sell the coin shoot me a message with your price. I know some slab collectors who would like to have it. But again it won’t be 2.5 ounces of gold money.

Rick what do you want to pay for them? I get offered toooons of them and I say no. But if you want a large number just let me know what you realistically want to pay. I know a bunch of dealers who would be glad to load you up.

Is this what you are calling a doubled ear?

A waste of time?

And I assure you, you will be just fine showing up however you want to. I literally saw a guy walking around drinking a glass of wine at the show today. I’ve seen some real red necks even by my Alabama standards. I’ve even smelt a few people unfortunately. I heard a guy cuss out a dealer yesterday. A few weeks ago I saw another throw some stuff because he thought a dealer offered him too little to buy them. I promise it isn’t a black tie affair. It’s kind of Jerry Springer like from time to time.

No worries. I am going to do the central states show next year. I heard a lot of guys talking about it this weekend. One guy I love to talk to at shows is from bowling green in your part of the woods.

At the show in Dalton I ran into a dealer I love to see. He will show up to a show with 10-20 coins, but they will be breathtaking. Most are usually 6 figure coins. One of the goodies he let me drool over was this Peace Dollar. I am by no means a Peace dollar specialist, but this is one I wasn’t aware of. Excuse my crappy cell phone pics. Clearly he didn’t want to let me bring it home and photograph it properly 😂 @RWB I take it this VAM is for coins struck with Satin Proof dies, but as a business strike. How do they know? My assumption is die markers tell the story but I haven’t read about this yet. It was interesting.

I have seen multiple times where I felt like a key date coin had gotten some things overlooked because it’s a rarity/harder coin. This weekend I have seen I think the epitome of this. I sold an 1893-S Morgan Friday, and heard there was one at the show in XF-45. I was curious and interested so I found it. Straight grade XF in a PCGS slab. As soon as I looked through a loop I was horrified. That coins wasn’t lightly cleaned, but aggressively cleaned. Aside from that it didn’t look like an XF. I sat the coin down and asked the dealer, who I don’t know, if he honestly thought that coin should have straight graded. His response “Nope, and I don’t think it’s XF either.” I know grades are subjective and sometimes we don’t agree with it, but this seemed egregious. So it begs a few questions/others opinions. 1. Do others agree key date coins get a pass or more forgiveness in grading? 2. Are you ok with that? I personally am not. I don’t care if the population skews low on the grade scale I care about consistency. I have an expectation, within reason, of what an XF for example should look like. I don’t want that to change for any reason.

I literally just paid for tables and filled the paperwork out for both the summer and next Spring FUN. They do have a section for foreign. They also ask if you want a * by your name in the registry which denotes foreign or a $ which denotes you sell currency. The FUN folks had a booth at the show in Dalton this weekend. I expect you all to come buy from me. Dang those tables aren’t cheap 😂