SirDubre

Hi all. 
I recently started following a few folks on Instagram that are dealers and a constant theme is how much we should beware of eBay. Pretty much all my coins have been purchased through eBay. I look up the NGC cert and verify the pictures and won’t buy a coin that isn’t certified. That being said, in your alls experience, even with graded coins, do you find a lot of counterfeits? 
 

What else could I do to prevent buying counterfeit coins on eBay? 

Just a general question. I’ve yet to purchase a gold coin for my collection. Mostly looking at Indian head $2.50 and the 1849 $1. 
 

The thing that sucks is the price point of most of these coins. I can only be a player if the coin is a details coin. 
 

So my question for all of you experienced collectors, do the golds hold value over time even if they’re details ? 
 

I’ve read a few posts from you guys saying not to touch details coins but wasn’t sure if that held true to the gold coins as well. 
 

Thanks for the guidance. 

On 4/21/2022 at 12:08 PM, Alex in PA. said:

What RWB said.  The Coin Doctors, aka 'Shake and Bake' artists churn toned Morgans out by the dozen on a daily basis.  Pretty ain't always good.

So I'm not particularly interested in the toned coins. Just my personal preference to have them look like they came from the mint. 

But would NGC certify a toned coin if it's been toned artificially? 

Also good to know from fellow collectors that it's just a preference thing and not necessarily a more valuable coin just because it's got toning. 

Still been creating my collection and I keep coming across people selling toned coins at a premium. Coins that would normally be $50-60 bucks based off of red book, going for 3x that price because of the Coloring of the coin.
 

Maybe it’s just my preference but I prefer coins to look as close to the original state as I can afford. 
 

Why are toned silver coins so valued? Am I missing something? 

Just trying to understand better. Thanks! 

On 4/12/2022 at 4:13 PM, Coinbuf said:

All the labels I have seen in the past have had the letter on it, does it not look like this?   Note the B in Parenthesis after the shipreck effect portion of the label

No. Only has shipwreck effect. Maybe it’s the equivalent of a details coin? 

On 4/12/2022 at 2:40 PM, Alex in PA. said:

Price will also depend on 1.  Confederate States Issue or 2.  Louisiana Issue or 3.  United States Issue.  The Confederates often go high and Louisiana Issue about $500.00 to $700.00.

This particular one is graded "Shipwreck Effect".

No A,B,C, United States issue, No Confederate States Issue, No Louisiana Issue. 

On 4/12/2022 at 2:28 PM, Coinbuf said:

Well the coin market is seldom inflated by a "couple" of guys, PM's yes sometimes.  Second it would help if you can provide the letter that NGC gave this specific coin, NGC used a letter (A,B,C) to describe the level of damage done by the sea water.   A designated coins had the least damage and therefore are more desired and will likely cost more.

So this particular one is graded "Shipwreck Effect".

No A,B,C, United States issue, No Confederate States Issue, No Louisiana Issue. 

On 4/12/2022 at 1:09 PM, James Zyskowski said:

Howdy. I was told to learn about any coin I bought. You have begun that step. I’m wondering if maybe you should study collecting in general and wait before jumping into a kinda specific and difficult type. 
 

    I was also told that if there’s more than one then what’s the hurry. Not talking ase’s or proof sets. Some serious money can be involved. 
   Enjoy your hobby and buy what you like. Good luck and remember study study study 😉🙀🦫
 

ps.    That thing looks harshly cleaned 

Thanks James.

I mean i know the history of the shipwreck and I'd like to own a piece of that history I just wasnt sure about the value of this particular coin. I've been trying to upgrade my collection recently after making the mistake of buying a few "Details" coins. But to my understanding, all shipwreck coins aren't graded like most coins (MS,AU,XF Etc.) 

Most are being sold at the mid 300's at this time but dont really know if that's the actual value right now or if it's an inflated market by a couple of guys. 

Hi all,

Looking into buying an SS Republic Coin. However, no pricing guide is available. 

I know a lot of the time with Shipwreck Coins, NGC wont put a numerical value on the grade so I'm having a hard time getting a pricing guide to see if I'm paying too much. Coin appears to be in good shape but i cant get any idea of the value of the coin.  

Wonder if there's anyone on here who have purchased these coins in the past or currently have a similar coin and see if they could tell me a range of what I should be looking at? Or if I should bother with a Shipwreck coin at all.

Thanks

On 2/25/2022 at 9:59 AM, Greenstang said:

You might get some results if you went on the NGC paper money forum instead of the coin forum.

pmgnotes.com

Appreciate it. Will take a chance over there as well. 

Thanks! 

I primarily have been collecting coins for a while now but thinking about dabbling in paper currency. Looking to collect Colonial issue and some Civil war Era bills. 
However, I'm finding it really difficult to find price guides for these bills. There isn't nearly as much available to compare to as there are with coins. 

Does anyone here collect Paper Currency? If so, how do you determine whether you're paying too much for a bill and what resources do you use to compare values? 

Thanks all! 

On 2/3/2022 at 5:32 PM, tj96 said:

Unless you're a professional numismatist or dealer, I would forget about putting the words investment and coins in the same sentence. 

I getcha. 
I love the coins for the historical value. Was just hoping, in addition to owning history, I was also leaving something of value to my kids. 

Are there some details that are worse than others? 

I always assumed Whizzed or Improperly Cleaned was worth less than the value than a Rim damage or environmental damaged coin. 

On 2/3/2022 at 1:31 PM, JKK said:

Bargain for them. Brutally. Take advantage of the thing you can control, which is how much you pay for them. There are degrees of cleaning and damage.

I gotta say, I'm not dropping huge amounts but was still thinking I was getting a great value Paying for an AU with a XF price. 

More than likely just paying the value of the coin and not really getting a great bargain. 

On 2/3/2022 at 1:32 PM, ronnie stein said:

 Mine have never been returned with a numerical grade. Just AU Whizzed, not AU55 Whizzed, or MS cleaned.

You're right Ronnie. There is no numerical value. Just the AU/XF etc. 

Thanks Coinbuf, Some of these that I've collected was to own it for the historical significance with hopes that when I'm dead my kids can make a profit if they dont like them 

I suppose going forward, when looking for investment pieces, stick to no problem coins. 

Dang! Thought I was getting some great deals. 

Thanks Bob. 

Just to Clarify, if I bought a AU 55 Whizzed coin, it'd be more likely valued (price wise) like a VF or F?

Sorry Alex. Genuine question. I know it's probably a dumb question for more seasoned collectors. 

Hello,

Within the last year or so, I've picked up my Boyhood obsession with coins and started buying NGC Graded coins. 

I dont buy any coins that arent NGC and I have recently been a little nervous that the "Deals" I thought I was getting are really just going to be biting me in the butt. 

I've purchase a few coins that are graded by NGC (AU,XF,VF) but they also come with the Details of Whizzed/Rim Damage/Corrosion/Environmental Damage/Improperly Cleaned/Scratches. 

My Question is, how do these details affect the value of the coins and does the Grade factor in the details or are they even less valuable than the grade is listed? 

Thanks for all who respond.