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silverdrag'n

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  1. Thanks for your reply, it is much appreciated. About the coin: When looking at the coin above it doesn't show any circulation wear...at all! I wish you could see the coin as I can. On the reverse, the very fine feathers at the very top of the right wing (possibly one of the first areas to show wear) doesn't show any...none! Now, bag marks and assorted coin marks are part of having been put in a bag with other coins at the mint. Some of these flaws are to be expected, but the coin has very high eye appeal in spite of that.
  2. HI All, Thank you for your input, it is much appreciated. I've included a couple of photos of the coin and bear in in they don't do justice to the coin. I think this coin has a big possibility of being graded MS 67. Take a look ============>
  3. Hi, Sorry olympicsos but I'm fresh out of Double Eagle porn. What I do have is the the obverse and reverse of the 1924 P Peace dollar I've been talking about. Mind you, the photos don't do the coin justice but I'm sure you'll be able to tell its pristine condition. Notice that on the reverse side you can see the finer details of the top of the right wing feathers? I mention this because that is one of the very first areas to wear once the coin is circulated. Matter of fact I compared the my photos to the one that Heritage put up for auction and I think mine is prettier!
  4. I guess the local shops have to make a living and their procing policies reflect that. If I am purchasing a coin and the need for outstanding quality is not a consideration, or acquiring junk silver, then eBay is my go to location. Many rimes I can buy junk silver at a very modest premium above spot and free shipping. How can you beat that? Now, buying some of the better coins, say anything MS, is a trickier proposition. On the brighter side there are many eBay sellers that have never taken the time to really check out the provenance of a given coin and you will get a huge surprise when you order. Matter of fact, I just received a 1024 P Peace dollar that had been promoted as a BU. Upon closer inspection I could tell that the coin had, in fact, never, ever, been circulated. I then used PCGS's Photograde to compare the state of the coin and I received a very pleasant surprise, more like a jolt! !It appears the coin could be an MS67 and perhaps even an MS68. Heritage put one of these MS68 coins at auction and it sold for $58K+ Another time I ordered a coin that had been promoted as a 1976 P Eisenhower type 1 clad. Upon closer inspection I realized the coin in my hand had a "proof like" finish and I may have a very rare PL or DMPL coin. As soon as I do more investigating I will know for sure. So, as you can see, eBay can cut both ways but always an adventure!
  5. Exactly, the best way to provide for clients is to make sure what you can offer them is the best for their needs since it's the epitome of looking after or clients. It may not be want they want to hear but they will thank you in the long run.
  6. I couldn't agree with you more, a good local dealer is a fine asset to find. Many dealers tend to forget that the new customer in the shop could be a long-term asset they should cultivate for mutual benefit, not just for "let's stick it to him because we've never seen Joe Blow before and he can't be of consequence." The gist of a good interaction, businesswise, is to forget about the momentary gain and strive to build a long-term relationship. I know, in my professional life I offered the corporate development services to take promising companies on to the capital markets, be it the NYSE, NASDAQ, AMEX, OTCBB and the Pink Sheets. Knowing how expensive our services were, I put talk of sales way in the back burner and dedicated my time to listening to my prospective clients because spending a few million dollars on an IPO is a big move for any up-and-coming company. The long-term care and utter reliability of my caring and "kid gloves" approach paid off handsomely because they could tell I was honestly interested in the success of their business. After this, the sales rolled in on their own.
  7. At the time I was purchasing $100 face value junk silver so I was willing to buy more than a very modest amount. Later on, online, I was able to acquire junk silver for a very modest 3% premium. The thing that gets me about the local dealers is that they are too willing to stick it to you when selling AND buying. I have made some good relationships through eBay and feel fortunate for that achievement. Matter of fact, earlier today I received an order for 12 each Peace dollars that were posted as BU and upon looking at them I could tell that that's exactly what they were. They were in pristine condition and I could tell they had never, ever, been circulated. When I first met the seller I purchased one Peace dollar to see the quality. Once it came in, and I confirmed its bona-fide condition, I turned around and ordered 12 more and was not disappointed. They are beautiful coins with no traces of ever having been circulated and I think some of them could grade out to be MS.
  8. Yes! That is one of the terms I've noticed as well and it sends me into a frenzy of anxiety. Danger ahead Mr. Robinson, danger!
  9. I do a lot of online buying but I take my time and don't get excited. I pick apart their offering and ask all the questions. If it takes me a few days to ascertain the bona-fide character of the offer and I feel good about it, then i go ahead and do it. If at any point they don't have an honest reply to a simple request, like: Can you provide better pictures for me? or, they can't account for the coin's provenance, I go elsewhere. As a tool to help me with my buying decision I use Photoshop to make a composite full view of their offering and then apply a range of filters that bring out details they were hiding, I've been using the application for a long time and consider myself an expert. Believe me, it sure helps when you can see what they were hoping to keep in the dark.
  10. I tried to build a relationship with a local coin dealer a few months ago and was not too pleased with the outcome. I was looking to purchase junk silver and I realized the guy was charging me an astronomical premium above spot price, about 32% above. This exchange happened over the phone. I remember the coin dealer getting hot headed when I questioned the high premium. I let him know that I wasn't interested in his attitude and went elsewhere and found a dealer that was only going to charge me a premium of about 12% (and I thought that was high as well) I'm sure that if I ever offered any coins for sale to the two above individuals they would offer me a pittance for my coins. My experience with the two dealers above has cemented a distaste to ever walk into any coin shop since I'd rather be treated in an honest manner and that is not what I found on the local level. Even more, once they realize you are a newbie they show no reservations about treating you very badly. Count me as: twice bitten and twice shy!
  11. There are so many offers available online for supposedly good coins and the sellers use some words that immediately bring up red danger flags. One of the terms that doe it for me is "blast white." Other terms are gem, brilliant white, shinny, glistening, and not to mention the obvious => cleaned. Yet and still, many of these sellers will go to an extent to hide the true condition of their items up for sale. Since it is so easy to produce good fair-to-middling images even with an inexpensive smart phone and they resort to providing badly focused photos of their coins. I look at the pictures and I wonder "What's up with this? \Why is this seller providing such low quality images for his coins?" The only reason is that the seller is hiding something. Another item is when sellers offer a full uncirculated roll but mention that the end coins are some very desirable dates and perhaps mints. I shy away from those offers because I'm sure the seller knows that the roll is NOT uncirculated and there are folks that can use and old empty coin roll and repack it with their choice of coins to fool the buyer into thinking the middle of the roll will have coins as valuable as the end pieces. 99% of the time nothing could be further from the truth! I encourage all to participate and value your experience and opinion. In the few short weeks I've been engaged in this hobby I've learned a lot and i want to learn more.