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#1
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A coin I like but you probably won't
Toned coins aren't for everyone. Those who avoid toned coins occasionally
comment that they like this or that coin, but it is an exception. Those who claim to like toned coins will often draw a line between attractively toned and ugly toned, accepting the former, rejecting the latter. This drawn line is entirely subjective, with no two individuals agreeing where the line is drawn. So, I find this coin on eBay and I like it. Even the act of searching eBay is an act of foolishness on my part, since I have made some purchases that have me broke, financially busted, and it will likely be into the summer of 2004 before I can consider another serious purchase, if I'm lucky. What did I just say? Well, don't hold me to it. I haven't searched eBay for commemorative halfs for a couple of weeks, long enough that I am going nuts. So, today, rather than spend some time photographing some coins to list at auction (which is what I should be doing, but it sounded boring, or tedious), I do an eBay search. I thought I would share some of my reaction to this coin; http://cgi.ebay.com/ws/eBayISAPI.dll...tem=3037294568 I have owned five or six Monroes, mostly Ef to AU, maybe one that was a MS61 or 62. I have never been excited by the look of the coin, but I have noticed that the more lustrous the Monroe, the better I like it. I figured I would have to have a super duper 64 or 65 to be content with the Monroe for my permanent collection. I also look at toned coins, because way back I decided I did not want a set that matched. You know, when you collect Lincoln cents or WL halfs, the recommendation is that the coin have the same wear factor and color, to have a nicer looking set. Well, that makes sense, all walkers and all Lincolns are intended to look the same, so a set should be matched. Not so with commemorative halfs. What is it, 48 different designs for the classic commemorative half? Can't remember precisely. Anyway, I wanted my collection of halfs to have all kinds of color. Here, a coin rim toned in burgundy, there - a coin with brown, there- a coin with rose, there -a coin with blues and greens, there -a coin with oranges and reds. That was what I decided I wanted. Further, when possible, I wanted the toning to be pertinent is some way to the coin, either pertinent to the design, as in an Oregon with gold around the sun or pertinent to the event being commemorated, such as my blood stained Gettysburg, here; http://showcase.netins.net/web/bills...Gettysburg.JPG Back to the Monroe in the eBay auction, and some of the thoughts that popped into my head. 1. Geez, I think that would look nice in my perceived collection, but; 2. $1,599 if no one else bids. That is a lot more money than I have ever spent for a coin. That's 150 to 300 of my $5 and $10 proof and mint sets that I have been eBaying, and I don't think I have that many left to sell. What does greysheet say? Hmmm, Monroe, 65.... crap, it says bid is $2,480. So now the price doesn't look so bad, unless 3. the coin is a low end 65 or possibly overgraded. For the most part, I have been very satisfied with the NGC graded coins that I have owned, but still, one out of 10 I have not been happy with, perhaps a high ratio because all of my purchases have been eBay. What if I were to win this coin and opine that this is 64, imo? Let's see, greysheet says Monroe, 64....ohhhhh. Uhoh. 64 is bid at $360. Big, big price jump. Now, I have to go back to the price and wonder if there is a reason for the minimum set at 2/3rds of greysheet bid. Well, I can't really judge surface marks with the auction image. The color, well wait a minute, I have bought from this seller before, and the color of the coin was nowhere close to the image portrayed in the auction. Why, I even have a comparison to look at; http://showcase.netins.net/web/bills...okecompare.JPG Top image was auction image, lower image is very close to the truth. Lot of difference, huh. In this instance the coin was much nicer than the auctin image. Hmmmmm. I have no summary paragraph for this post. I have yet to sum up the situation. I did have one other thought- email the seller. But, this is a Saturday and the auction ends in a few hours. Should I even pursue this coin any further? I mean, I can't afford it. I would have to charge the money and sell a lot of coins quick to avoid finance charges. Always another Monroe tomorrow, right? Still, I seen a Spanish Trail a couple of years ago that I passed on because I had never spent $1,000 for a coin and felt like I could not afford to do so at the time. That, and it was just plain scary to spend that much on a coin. And, since that Spanish Trail that I passed on, I have looked at a large number of Spanish Trails and not seen any that I wanted for $1,000. I have seen several that I liked, but the price tags were closer to $2,000 or more. So, for me, there may not be another Monroe tomorrow, or the next day. I should have titled this post as "The pitfalls of the hobby" Bill |
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#2
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"Bill Krummel" wrote in message ... snip Bill' thoughts .. The color, well wait a minute, I have bought from this seller before, and the color of the coin was nowhere close to the image portrayed in the auction. Why, I even have a comparison to look at; http://showcase.netins.net/web/bills...okecompare.JPG Top image was auction image, lower image is very close to the truth. Lot of difference, huh. In this instance the coin was much nicer than the auctin image. Hmmmmm. Looks to me like the same warm tint to this coin as the one you got earlier. If you have a color correction program, take the Monroe picture, and tweak the color to be more like the coin you won. That way you'll see if you would like it, if in fact the seller does "correct" his auction pictures. Looking at his other auctions, they all seem to have that warm gold tint to them (not counting the real gold coins). Ed |
#3
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"Bill Krummel" wrote in message ... 1. Geez, I think that would look nice in my perceived collection, but; 2. $1,599 if no one else bids. That is a lot more money than I have ever spent for a coin. That's 150 to 300 of my $5 and $10 proof and mint sets that I have been eBaying, and I don't think I have that many left to sell. What does greysheet say? Hmmm, Monroe, 65.... crap, it says bid is $2,480. So now the price doesn't look so bad, unless 3. the coin is a low end 65 or possibly overgraded. For the most part, I have been very satisfied with the NGC graded coins that I have owned, but still, one out of 10 I have not been happy with, perhaps a high ratio because all of my purchases have been eBay. What if I were to win this coin and opine that this is 64, imo? Let's see, greysheet says Monroe, 64....ohhhhh. Uhoh. 64 is bid at $360. Big, big price jump. I think I'd be searching for a high end MS64. Steve |
#4
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"Doggo" wrote:
Looks to me like the same warm tint to this coin as the one you got earlier. There's one problem with your theory....the NGC slab is perfectly white. ++++++++++ Phil DeMayo - always here for my fellow Stooge When bidding online always sit on your helmet Just say NO to counterfeits |
#5
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#6
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"Phil DeMayo" wrote in message
... "Steve" wrote: I think I'd be searching for a high end MS64. This was always my practice as well, to never go for condition rarity....stay on the lower side of the large price jumps. I'd be willing to pay a premium for a superb 64, but never willing to pay the 65 price. This is what I do as well. This is why my complete gem set of Franklins isn't quite all gems. The 49D and 50D are both high end MS64s for precisely that reason. -- John Visit the RCCers favorite coins web page http://mywebpages.comcast.net/jcarne...ns/rccers.html |
#7
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#8
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"Joe Schell" wrote in message ... In article , says... Toned coins aren't for everyone. Those who avoid toned coins occasionally comment that they like this or that coin, but it is an exception. Those who claim to like toned coins will often draw a line between attractively toned and ugly toned, accepting the former, rejecting the latter. This drawn line is entirely subjective, with no two individuals agreeing where the line is drawn. So, I find this coin on eBay and I like it. Even the act of searching eBay is an act of foolishness on my part, since I have made some purchases that have me broke, financially busted, and it will likely be into the summer of 2004 before I can consider another serious purchase, if I'm lucky. What did I just say? Well, don't hold me to it. You should never have looked at this coin, your only choice now is to just pretend you never saw it. Actually, when I made the post originally, I was determined not to bid, but fearing I would talk myself into it, starting to feel the fever. I think my temperature is back to normal now. I think I will go have another look. Well, auction has ended, no takers. I do not have nonbuyer's remorse, and the desire to add to my collection has subsided a bit. Bill |
#9
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"Steve" wrote in message ... "Bill Krummel" wrote in message ... 1. Geez, I think that would look nice in my perceived collection, but; 2. $1,599 if no one else bids. That is a lot more money than I have ever spent for a coin. That's 150 to 300 of my $5 and $10 proof and mint sets that I have been eBaying, and I don't think I have that many left to sell. What does greysheet say? Hmmm, Monroe, 65.... crap, it says bid is $2,480. So now the price doesn't look so bad, unless 3. the coin is a low end 65 or possibly overgraded. For the most part, I have been very satisfied with the NGC graded coins that I have owned, but still, one out of 10 I have not been happy with, perhaps a high ratio because all of my purchases have been eBay. What if I were to win this coin and opine that this is 64, imo? Let's see, greysheet says Monroe, 64....ohhhhh. Uhoh. 64 is bid at $360. Big, big price jump. I think I'd be searching for a high end MS64. Steve If I have two coins I like equally well, your're darn tootin I would go with the high end 64 over the 65, at that price jump. But, I don't search for numbers. I search commem halfs by type and go for what I at least think I will like for my collection. The number on the slab is of no consideration, although the price related to the grade number is. Iows, if I see a 65 I can't afford, I don't go looking for a 64 I can afford, I wait until I come across a coin, regardless of number, that I like and can afford. Were I to go nine months without a coin purchase, I could probably afford a $1600 Monroe. But, I bet the next Monroe that I have a decent interest in will carry a price tag of more than $1600 and more than I have saved up for, if my past experience is an indicator. Bill |
#10
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"John Carney" wrote in message ... "Phil DeMayo" wrote in message ... "Steve" wrote: I think I'd be searching for a high end MS64. This was always my practice as well, to never go for condition rarity....stay on the lower side of the large price jumps. I'd be willing to pay a premium for a superb 64, but never willing to pay the 65 price. This is what I do as well. This is why my complete gem set of Franklins isn't quite all gems. The 49D and 50D are both high end MS64s for precisely that reason. -- John John and Phil, if the Monroe I wanted was graded a 64, I probably would have bid, with no dilemma. But it wasn't, and it was a coin I liked. I won't go searching for a 64, I will search for a look. If I find another with a look I like, let's hope it happens to be in a 64 slab. Bill |
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