Genius or an Idiot - Only time will tell...

[TD Henson]

Bought a new coin for my Bust half dime set.

 

Buying a new coin for my set doesn't seem like much of an event, at least until I tell you it is raw. Like most every one here, I've been burnt on cleaned/doctored coins in the past. So, am I a genius or a complete insufficiently_thoughtful_person to try this again?

 

The coin - 1832 Capped Bust Half Dime

 

As described by the seller an MS 64+++. I looked at the pics and really liked it. I contacted the seller and asked a few questions including a payment arrangement to allow a few extra days until payday. Seller agreed and I placed a $380 bid and won it for my maximum bid.

 

The die marriage isn't rare, but the grade looks to be MS. I can't wait to get it here, verify that I believe it to be unaltered and then get it into NGC's hands.

 

Anything less than MS 60/Details and I'll brand myself an insufficiently_thoughtful_person -MS 60-62 and I'm even. MS 63 or better and I'm probably just lucky. Although, I should have learned about buying from pictures, as it rarely ever works out in my favor...

 

That's it until the coin arrives in February. I'll share a pic prior to sending it into NGC.

 

Todd

 

Today's Pic - The obverse of my latest graded Bust Half Dime addition - NGC XF 40 1829.

 

See more journals by TD Henson

[coin928]

Good luck with it. I've had big winners, and big losers when buying raw coins from a picture and then sending them in for grading. It can be a bit of a shoot.

[mkman123]

it looks great!

[Mr Bo Jingles]

TD- I would love to get some tips on how to tell if a coin has been cleaned improperly or not. This has been my weakness and I have been burned so much I quit buying raw coins altogether, but still get drawn in by the lure at every show.

 

I appreciate all the valuable information I can get.

 

Best of luck with the submission!

[Six Mile Rick]

Todd,

Good luck with submitting the 1832 dime. Most of us have been burnt on detail problem coins but still venture on the success of the good ones out there. I just tried my luck on a bunch yesterday and if it is a flop, well - I will probably try again in a year or so.

[AstroTrain]

Good luck!

[MarkFeld]

Bought a new coin for my Bust half dime set.

 

Buying a new coin for my set doesn't seem like much of an event, at least until I tell you it is raw. Like most every one here, I've been burnt on cleaned/doctored coins in the past. So, am I a genius or a complete insufficiently_thoughtful_person to try this again?

 

The coin - 1832 Capped Bust Half Dime

 

As described by the seller an MS 64+++. I looked at the pics and really liked it. I contacted the seller and asked a few questions including a payment arrangement to allow a few extra days until payday. Seller agreed and I placed a $380 bid and won it for my maximum bid...

When a seller lists an uncertified coin as MS64+ and is willing to sell it for approximately MS61 money, it almost always means one of two things:1) The seller was correct in his assessment and incredibly generous (in willing to sell an $1100+ coin for only $380) so the buyer got a great deal.or2) The buyer, who thought that he'd gotten a great deal, actually over-paid for a coin that was even more over-graded than he thought it might be.And based on what I have seen in this industry during the past 30+ years, the chances of #1 above, pale in comparison to those of #2. Of course, most people like to think they can beat those overwhelming odds, so they keep trying. And far more times than not, they lose, while the sellers get rich.