Reno Raines

On 8/11/2023 at 5:06 AM, Traghan said:

This is a lightly struck coin & the date & mint mark are visible, but looks like a mint error. Any info? Unique to me. Appreciate any help. Thank you guys.

 

 

For maximum coverage you'll need to post this question in the newbie coin collecting questions section of this site. You will also need to post clear, cropped photos of the obverse and reverse of the coin in question.

These coins are not worth the grading fees. Only submit coins that have a raw price guide value of at least $350.00 - $400.00 which would cover all the grading fees plus a profit for you when the time comes to sell.

On 8/9/2023 at 7:59 PM, Greenstang said:

Don’t make us guess, please explain what you see as an error.

All I see is a regular cent with some corrosion.

I agree 

On 8/9/2023 at 3:53 PM, Stackerdude21 said:

I had no idea a question about “Emergency Production” ASE’s could become so intangental and obscure.

🤪

You got an answer to the question then basically wanted to know if "Emergency Production" ASE's would hold their value.

On 8/9/2023 at 1:48 AM, smashan8 said:

Yeah I just thought it was interesting to see. Is it okay to share images and findings as such? Or should posts only be for questions? 

Preferably questions about legitimate coins in terms of if it's worth the grading fees and or coins that you're not certain are genuine. 

On 8/9/2023 at 1:27 AM, Just Bob said:

Don't be surprised if you see him come back and post under a different name. I don't think this was the first time he has been kicked off this forum. 

Oh really? Maybe the moderators need to block his IP address from even accessing this site. My biggest concern through is he knew my middle name and the name of my deceased younger brother without me ever posting that information.

On 8/9/2023 at 12:37 AM, smashan8 said:

All modern dimes (1965 - present) are clad while classic dimes (1964 and older) are 90 percent silver. Based on that you have a normal 2004 circulated dime.

On 8/8/2023 at 11:36 PM, powermad5000 said:

I am no longer seeing the bar that I have blocked posts from Vendetta50. Seems the mods have finally stepped in. Thankfully. Now we can all get back to some peaceful and decent and respectful discussions.

Good riddance to bad news.

On 8/7/2023 at 1:23 AM, Stackerdude21 said:

Why would you sell to a dealer? That’s like going to a Pawn Broker.

Why some people do things they do I'll never understand. For example, there were people buying stock in Ford Motor Company (NYSE ticker: F) at nearly $15.00 a share about a month ago. Since that time the stock price has declined to a little over $12.00 a share. 

FULL DISCLOSURE: I own stock in F and my P/S is $9.00. I only bought that stock for the dividend not as a long term investment. My quarterly dividend payments are $30,000.00. My next quarterly dividend payment is due on 9 / 1 / 2023.

On 8/6/2023 at 9:13 PM, Vendetta50 said:

Pay that clown no mind. Lives in Moms house, Truth! 
Falling down STEP above a shed. Easily verifiable,

But clowns like that come on net to play earthly tough guy. Nothing but warped decrepit clowns. 
NGC should ban them for continually attempting to lure people to not get coins graded or insinuating their price approximation is bogus. 
No money in COINS?  Lmfao.  They're amateurs, plenty of $$. 

If you're comparing the liquidity of the coin market to the liquidity of the real estate, stock and bond markets you'll see that there's every little liquidity in the coin market. Thus your theory of "There's plenty of money to be made in the coin market" is clearly a boldface lie as the coin market is unregulated and can and will dry up without any kind of warning sign. Always remember when it comes to gold and silver coins their value is somewhat tied to the price of spot so you'd be lucky to get maybe 3 - 5 percent of spot for your coins from a dealer.

On 8/6/2023 at 9:10 PM, powermad5000 said:

I reported that user and blocked him when he first appeared on the forum and insulted everyone on here. NGC should ban him from the platform as his commentary does not expand the knowledge and benefit of users on here whatsoever.

I completely agree with you powermad5000.

On 8/6/2023 at 7:09 PM, Stackerdude21 said:

Tony, 

I was born at night, but not last night.  I don’t come on the Chatboard to pick fights and attack people.  I have spent too many years in the courtrooms of one particular State, and yes it is a “Republic,” but not Texas, to learn how to “Stand my Ground.”  So, I am not intimidated by anyone especially two former State Attorney Generals who both ran from my legal challenges years ago.
 

I only sought an answer to a question. That is all.  
 

Peace & Blessing be upon thee and thy House.

 

-Stack.
 

 

I'm not mad or even upset with you. All I'm saying is don't depend solely on the NGC price guide as it's not routinely updated based on current market conditions plus all the information contained is merely voluntary not manitory.

The blind is leading the blind.

I have reported the user Vendetta50 on the grounds of attacting other users for no reason whatsoever.

On 8/5/2023 at 10:33 PM, Stackerdude21 said:

Impact of COVID-19 on production, 2020

On March 28, 2020, the West Point Mint, believed to be the only producer of bullion American Silver Eagles from 2018 up until early 2020, was shut down for cleaning after an employee tested positive for SARS-CoV-2.^[67][68] The facility reopened on April 1, and bullion coin production was reduced to prevent employee exposure to COVID-19, before once again being shut down on April 15 due to safety concerns.^[69]

To make up for the reduced and later suspended production of silver bullion coins, the Philadelphia Mint struck 240,000 American Silver Eagles from April 8 through April 20,^[70] making them among the rarest uncirculated issues to date.^[71] Although these coins were physically identical to the West Point coins, coin grading companies began certifying Philadelphia Mint Silver Eagles as "Emergency Issues."^[72] Production at West Point continued on April 21.^[70]
 

^{source Wikipedia}

I guess that you'll continue to just ignore all the current sold listings data from multiple auctions because it doesn't fit your theory. Oh well you can't fix stupid.

When it comes to coin collecting you only want coins that are as close to perfection as possible. Do not waste your time and money searching for error or damaged coins as you will be let down more often than not.

Stackerdude, earlier this year I bought a pre graded NGC MS 70 2022 burnished ASE. The NGC price guide lists that coin to be worth $110.00. I paid a grand total of $61.60 or only 44% of it's NGC listed price guide value (whichever way you want to look at it). So using your logic that the NGC price guide is the "Be all that ends all" I have a 56% profit margin. I always write down the NGC price guide value for every coin that I'm interested in purchasing - I make one absolute high bid and if anybody's bid is higher than mine they're usually in the red on the deal. Whenever I see the coin market is inflated due to too much hype surrounding that particular coin I tip toe out of the hobby and re - enter once the market cools off.

On 8/5/2023 at 1:03 AM, Stackerdude21 said:

EagleRJO,

Checked the NGC Price-guide tonight.  $250.00 as of right now. Current pricing. 

I seriously doubt that you'd get $250.00 from an experienced collector but from a newbie who doesn't know any better you would.

I buy all of my coins on the internet and the sales tax is usually less. In OH our sales tax is 7.250 percent.

On 8/4/2023 at 3:40 AM, Stackerdude21 said:

Really?

Tell that to the guy who sold that St. Gaudens for for $18 million. 

Good investment.

Remember money losses buying power every minute.….and Rust is the New Gold. 
 

Ever been to Hot August Nights? Alot of old rust there.

We live in a world of perceivement.  It is what one perceives it to be.

I also know that NGC partners will loan $ on NGC graded coins. Its based on how much NGC grade value you have. 

I don't need to take a loan for anything as I have plenty of cash in many banks earning interest. I also have zero debt.

On 8/3/2023 at 10:41 PM, Stackerdude21 said:

Tony, 

You are so correct that any item (including ASE’s) are only worth what someone is willing to pay. It does NOT matter what the item is. It could be anything from bananas to bicycles, tires to shoes. 
 

If you are a wise man, you will know that your greatest profit margin is in quick turnaround with the highest margin. I have sold multiplied millions of dollars worth of items in my life and know this to be FACT.

Quick turnaround is what makes money! NOT slow turnaround. Covid proved this to the demise of many businesses. They could not sell product out of an empty barrel. 
 

You say you bought a burnished ASE in 2019 for $80.00 and now in 2023 it is worth $165.00, …that is not bad, but it took you 4 years to double your book margin.

I bought an E.P. 70 ASE last week for $50.00 and it is listed at $250+.  I did that 4 times. 

Now, you guys TELL me, who got the greatest return on his cash??

ANYTHING you buy to sell, or keep, or invest in is PURELY a NUMBERS V. TIME. Thing.

Case CLOSED ///.

Dude coins are NOT an investment by any means. I have many investments ranging from real estate to "I" series savings bonds. Oh btw the interest I make on those "I" series savings bonds compounds so needless to say that I don't just "Flip coins" to make a quick buck. "Quick buck artists come and go with every bull market but it's the steady players that make it through the bear markets" - Lou Manheim from the 1985 classic movie Wall Street.

On 8/3/2023 at 9:03 PM, Stackerdude21 said:

True, Covid made alot of “Sick” people “Sicker.”

Especially in “New York City.”

I just know my E.P. ASE’s are worth more than the regular bulls. NGC says so. I will go with that.

Hey, buy low, sell high.  Remember there is an azz for every seat. -Used Car Salesman.

🤣

Any TPG can and will put any price guide value to every coin but you must understand that those values are for retail sales for coin dealers not individuals. As such that information is merely "Volunteered" and is NOT guaranteed that you will get that money for your coins.

"Any coin is only worth as much as someone's willing to pay for it at any given point in time" - Tony Follis. For example, in 2019 I bought a pre graded NGC MS 70 2013 burnished ASE for $80.00. Today if you were to check the NGC price guide value for that coin it's listed for $165.00.

It's only worth it's silver value and not worth the cost of submission.

2008 burnished ASE NGC MS 70 

Here's one of my burnished ASE's.