FA: 1916-D Mercury dime NGC AG3, looks full Good
Frank Provasek
regrading it due to a tornado hitting my house in June and delivery
problems from Heritage...long story. I offered this on eBay a couple
of months ago, then the buyer wanted me to GUARANTEE a lock upgrade
putting money in his pocket while I would get nothing. So I thought I
would try once more on eBay while they still offer the $20 max seller
fee....Funny how people won't trust their own grading abilities..I
have an offer for $1200 from a guy who wants this coin in G4 plastic
only so he can bust it out for his Dansco.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=190369824489
http://frankcoins.com/16do.jpg
http://frankcoins.com/16dr.jpg
Thanks for looking,
Frank
--
RARE COIN AUCTIONS NO RESERVES www.frankcoins.com
http://myworld.ebay.com/frankcoins Texas Auction License
11259, Board member of Texas Coin Dealers Association,
Member TNA, ANA, PCGS, NGC - Full Time Since 1991
Mr. Jaggers
> This was purchased by me at Long Beach last May, never got around to
> regrading it due to a tornado hitting my house in June and delivery
> problems from Heritage...long story. I offered this on eBay a couple
> of months ago, then the buyer wanted me to GUARANTEE a lock upgrade
> putting money in his pocket while I would get nothing. So I thought I
> would try once more on eBay while they still offer the $20 max seller
> fee....Funny how people won't trust their own grading abilities..I
> have an offer for $1200 from a guy who wants this coin in G4 plastic
> only so he can bust it out for his Dansco.
>
> http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=190369824489
I have seen, and I'm sure you have seen, dozens of 16D Mercs that look just
like this one, and in G04 holders. The slight merge of the reverse legend
with the rim is what prevents it from slabbing any higher. Now, when I
learned to grade Mercs back in nineteen mumbly-eight, About Good is what
this coin would have been called. Relaxation of standards since then allows
the merging on a coin graded G04, so whoever paid to have this coin slabbed
got robbed.
But you cannot guarantee that a crackout or resubmission will work in your
or anyone else's favor. The first customer was being unreasonable in
expecting you to cover the cost of a potential upgrade for free. The second
customer obviously doesn't know what market grading is all about. I say,
ditch 'em both and market the coin as is for whatever you think it is worth.
James
Frank Provasek
The PCGS grading guide specifically allows wear into the lettering
even on G6 grade, which
automatically limited the grade to AG according to old-time grading
standards (well, at
least Brown and Dunn's 1968 edition, which I received as a boy as a
birthday gift from
my godparents)
PCGS also says the correct grade is the grade you would LOVE to sell
the coin as.
That is so close to the old "AU if you are selling, VF if you are
buying" hucksterism
that I am surprised they put that in print.
Well, no I am not...anyone who would publish a coin book with this
title and cover photo....
http://ecx.images-amazon.com/images/I/51Xu1fw2TkL.jpg
Michael Benveniste
<fr...@frankcoins.com> wrote:
>This was purchased by me at Long Beach last May, never got around to
>regrading it due to a tornado hitting my house in June and delivery
>problems from Heritage...long story. I offered this on eBay a couple
>of months ago, then the buyer wanted me to GUARANTEE a lock upgrade
>putting money in his pocket while I would get nothing. So I thought I
>would try once more on eBay while they still offer the $20 max seller
>fee....Funny how people won't trust their own grading abilities..I
>have an offer for $1200 from a guy who wants this coin in G4 plastic
>only so he can bust it out for his Dansco.
... and a nice coin it is, too. Compare it to this AG3 which sold
last month or this AVACS G4 that's going up for sale next week:
http://www.teletrade.com/coins/lot.asp?auction=2789&lot=1563&imagetype=j2
http://www.teletrade.com/coins/lot.asp?auction=2809&lot=1200&imagetype=j2
But if someone's going to pay the crackout game, they'd better
well realize it's at their own risk. If I was still collecting
Merc's I'd be proud to own this one no matter what the slab
said.
--
Mike Benveniste -- m...@murkyether.com (Clarification Required)
Don't succumb to the false authority of a tool or model. There
is no substitute for thinking.
Mr. Jaggers
> On Wed, 3 Feb 2010 16:49:07 -0800 (PST), Frank Provasek
> <fr...@frankcoins.com> wrote:
>
>> This was purchased by me at Long Beach last May, never got around to
>> regrading it due to a tornado hitting my house in June and delivery
>> problems from Heritage...long story. I offered this on eBay a couple
>> of months ago, then the buyer wanted me to GUARANTEE a lock upgrade
>> putting money in his pocket while I would get nothing. So I thought
>> I would try once more on eBay while they still offer the $20 max
>> seller fee....Funny how people won't trust their own grading
>> abilities..I have an offer for $1200 from a guy who wants this coin
>> in G4 plastic only so he can bust it out for his Dansco.
>
> ... and a nice coin it is, too. Compare it to this AG3 which sold
> last month or this AVACS G4 that's going up for sale next week:
>
> http://www.teletrade.com/coins/lot.asp?auction=2789&lot=1563&imagetype=j2
> http://www.teletrade.com/coins/lot.asp?auction=2809&lot=1200&imagetype=j2
>
> But if someone's going to pay the crackout game, they'd better
> well realize it's at their own risk. If I was still collecting
> Merc's I'd be proud to own this one no matter what the slab
> said.
Exactly. Slabbing for authenticity is what counts the most at the basic
level, grading for originality on the other. The actual number is
significant only to those whose pecuniary interest trumps their numismatic
interest.
James
Reality
> Michael Benveniste wrote:
> > On Wed, 3 Feb 2010 16:49:07 -0800 (PST), Frank Provasek
> > <fr...@frankcoins.com> wrote:
>
> >> This was purchased by me at Long Beach last May, never got around to
> >> regrading it due to a tornado hitting my house in June and delivery
> >> problems from Heritage...long story. I offered this on eBay a couple
> >> of months ago, then the buyer wanted me to GUARANTEE a lock upgrade
> >> putting money in his pocket while I would get nothing. So I thought
> >> I would try once more on eBay while they still offer the $20 max
> >> seller fee....Funny how people won't trust their own grading
> >> abilities..I have an offer for $1200 from a guy who wants this coin
> >> in G4 plastic only so he can bust it out for his Dansco.
>
> > ... and a nice coin it is, too. Compare it to this AG3 which sold
> > last month or this AVACS G4 that's going up for sale next week:
>
> >http://www.teletrade.com/coins/lot.asp?auction=2809&lot=1200&imagetyp...
>
> > But if someone's going to pay the crackout game, they'd better
> > well realize it's at their own risk. If I was still collecting
> > Merc's I'd be proud to own this one no matter what the slab
> > said.
>
> Exactly. Slabbing for authenticity is what counts the most at the basic
> level, grading for originality on the other. The actual number is
> significant only to those whose pecuniary interest trumps their numismatic
> interest.
>
> James
James,
Many out there who love coins don't have the slightest idea about coin
grading, that's why those folks trust the "average every day normal
nimrod graders at PCGS to give them THE TRUTH".
The "truth" is that the PCGS "experts" are only slightly above average
graders (at best) that perpetuate their craft by people spending more
and more money when they resubmit coins over and over when they
disagree with the so-called "initial grade".
IMO it merely makes their stockholders happy and it's no skin off of
their anonymous rear-ends.
That said, I agree with you (I think) that most people who buy a low
grade 16-D are filling holes in their collection and should only be
interested in having that particular coin authenticated and should not
be concerned with splitting grading hairs. 16-D's are one of the most
counterfeited in the hobby and should be evaluated by an expert before
buying one, especially if you are a novice. I've seen some excellent
looking doozys myself over the years that were total fakes.
IMO the coin in question is a nice, original coin that deserves a good
home, grading be damned.
I just got hosed by PCGS in grading one of my own coins (at a dealer's
advice, no less), and don't trust them to be a decent and fair member
of the hobby AFA I can throw them at this point.
Michael Benveniste
> IMO the coin in question is a nice, original coin that deserves a good
> home, grading be damned.
I agree, but because the coin was in the "wrong" slab, it got
0 bids this time. Such is the market today.
--
Mike Benveniste -- m...@murkyether.com (Clarification Required)
Its name is Public opinion. It is held in reverence. It settles
everything. Some think it is the voice of God. -- Mark Twain
Reality
Sad but true that some value a piece of paper in a plastic tomb over
their very own eyes. That said, many AG-3s sell for $500 - $700 these
days which probably killed a sale of the coin through eBay considering
the original asking price.