OK I know a lot of you Mob don't like slabbed coins and I can understand where you are coming from :)
However, I have embarked upon a path to try and find better than average and sometimes extraordinary coins purely with the aim of getting them graded and selling them to supplement my Collecting expenses .
I call this "eBay Noodling" and I cannot see anything wrong with doing it.
I have however NOT kept any records of what I have bought for this purpose nor have I kept track of the grading and postage costs, So consequently I have absolutely NO idea if I am in front or slowly going down the gurgler :dash1:
This really doesn't concern me because I am having an absolute ball doing it :)
I very much doubt that I am the only member on this site that Dabbles/Gambles with this game .
Post your Slabbing Game wins :yahoo:
Quote from: 'trout' pid='42815' dateline='1393479865'OK I know a lot of you Mob don't like slabbed coins and I can understand where you are coming from :)
However, I have embarked upon a path to try and find better than average and sometimes extraordinary coins purely with the aim of getting them graded and selling them to supplement my Collecting expenses .
I call this "eBay Noodling" and I cannot see anything wrong with doing it.
I have however NOT kept any records of what I have bought for this purpose nor have I kept track of the grading and postage costs, So consequently I have absolutely NO idea if I am in front or slowly going down the gurgler :dash1:
This really doesn't concern me because I am having an absolute ball doing it :)
I very much doubt that I am the only member on this site that Dabbles/Gambles with this game .
Post your Slabbing Game wins :yahoo:
Just started slabbing myself and only have 4 coins to back so far.Results as follows
1915H florin bought on ebay $2200 came back as PCGS MS63
2 x 2000 $1 mules bought for $1000 each and both came back as MS62
1925 penny bought for $600 and came back as AU50
Sweating on 13 coins sent over for regular submission and they are at
PCGS now so cant wait for the results
From Ebay
1943 Halfpenny @ $42, MS65RD
1951 3d @ $20, MS64
1943s 6d @ $100 , MS64
1951 No Dot 1/2d - Obv Type 4 - $15 , MS62RB
1951 No Dot 1/2d - Obv Type 4 - $20 , MS63RB
These prices are w/out grading fees.
Nice finds fellas :)
My best to date is a 1954 3d I bought at melt that realized $427 on Numisbid MS64+
I have a MS68 1972 5c in the works at the moment, Will be interesting to see what that realizes :angel:
I think a far more useful exercise is to fess up to the eBay flops we've all had and where we went wrong. At least then we can help interested collectors learn a bit from us.
*snipped a bunch of stuff because it's all off topic*
Back on topic. My favourite eBay pluck for an Aussie coin (and I don't bother buying Aussie raw coins on eBay anymore because it's not worth my time looking) was a 1919 penny from the USA that came in a bag with two other green penny scrubbers. It graded MS63BN and cost me $1 plus postage. It didn't make me the most money of any of my plucks but I was tickled to spot some lustre in a horrifically out of focus image.
Here's a flop from my early days of collecting when I thought
a slab was a slab ,bought for $80 ,cracked it out last week and
sold it on ebay for $8.50,ah well you live and learn hopefully
(http://www.australian-coins.net/gallery/albums/userpics/10137/kl.jpg)
Because of my dislike of buying high value raw coins on eBay I've had very few $100+ flops. Tonnes of <$100 flops though :) The closest I've come to a big loss was an 1934/3 3d that I bought for $700 or so. It looked for all the world like it was UNC. The pictures were huge and beautiful. And when it got here it was ever so slightly wiped or polished on the high points of the reverse. Not wanting to believe it I sent to PCGS anyway and it was graded accordingly. Cleaned, UNC details. Anyway I moved it on in that slab for about what I paid for it so no harm done. But the lesson here is that I do not believe ANY photo, regardless of how good it was would have shown the problems with that coin. There is ALWAYS a risk buying online no matter how experienced you are.
It depends how long you hold things for. My wins are mostly still in my collection and those that aren't are sorely missed.
I plucked a nice looking "EF" wavy 2 off eBay that came in at MS64.
My harshest lesson was buying a raw centenary florin I knew was cleaned which I still loved as it was one of those lovely early strikes with an amazing wreath.
Quote from: 'purplepennyhunter' pid='42832' dateline='1393490353'It depends how long you hold things for.
I could not agree more!
If I buy something, its because I like it. So I have little or no interest in what its worth to somebody else. And if I buy a flop, so what? Time is the great leveller anyway. Why would you crystalise a 90% loss now when you can hold onto it and either enjoy it or realise a better return at some future time?
Again, there is a difference between collecting and trading for profit. :P
Quote from: 'Fulvio' pid='42848' dateline='1393501255'Quote from: 'purplepennyhunter' pid='42832' dateline='1393490353'It depends how long you hold things for.
I could not agree more!
If I buy something, its because I like it. So I have little or no interest in what its worth to somebody else. And if I buy a flop, so what? Time is the great leveller anyway. Why would you crystalise a 90% loss now when you can hold onto it and either enjoy it or realise a better return at some future time?
Again, there is a difference between collecting and trading for profit. :P
My thoughts exactly Fulvio :read:
Quote from: 'purplepennyhunter' pid='42832' dateline='1393490353'It depends how long you hold things for. My wins are mostly still in my collection and those that aren't are sorely missed.
I plucked a nice looking "EF" wavy 2 off eBay that came in at MS64.
My harshest lesson was buying a raw centenary florin I knew was cleaned which I still loved as it was one of those lovely early strikes with an amazing wreath.
I had several very nasty ebay experiences years ago and as a result I rarely buy coins from that site in anticipation of high grade coins unless already PCGS or NGC graded. Mostly I target varieties.
But I have had a couple of a wins.
A supposedly au $1 10c mule that looked too good in the picture turned out to be an attractive unc and graded MS63.
A long reverse denticles 1942I halfpenny (not sold as such) that was a clear unc and graded MS63 BN.