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Everything posted by Gary D
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CGS grading service
Gary D replied to HistoryTreasures's topic in British Coin Related Discussions & Enquiries
It all depends on the value of the coin. Pay £10 to slab a 1967 penny or 1965 crown and you will never get your money back. The TPGs will always talk about value added, but then they would. -
It only happens on book bids. If you bid in the room the auctioneer is in control and so either knocks it down to you there and then or you pass. If you bid live on line the same applies. Something similar happened to me when I bought my 1922 penny. The 1st bid was for £1000 and as I was the only bidder I was asked if I would go to £1100 which I guess was the reverse. So ended up with a coin valued at about £1600 at the time for £1229
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I must agree as it's the 1st time I've heard it called that. I guess as although 1967 was the last year of mintage minting went on after 1967 to supply demand until 1971. I assume Obv 4 is considered to be post 1967.
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The 1926 ME penny
Gary D replied to 1949threepence's topic in British Coin Related Discussions & Enquiries
Personally I prefer the I of DEI. I to tooth ME, I to gap non-ME Gary -
I'm sure there's money to be made shipping crap around the country. No need to refund the postage so the odd £1.50-£2.00 starts to add up.
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One of the dealers who uses this forum has a 473 and 475 on his website. I believe that the F474 is extremely rare, That one is in his collection Here's mine
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If you have 4 grand lying around! What is the colour like in hand, the fakes tend to be very grey. Here is the pointer, if only it made any sense.
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Lol, thanks for that Declan, my arse isn't squeaking yet, as it was from a dealer and have 2 weeks to keep it or send it back. Anyhoo, here's the REV And the dealer is not aware of it's full potential
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If you are going to put it on the bay dipping is a must. And speaking of the broken R there is an other 1905 on ebay.....with the broken R.
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i feel this may be more correct, theres a difference between going into a shop and a shopkeeper saying he doesnt want to sell you his item and not taking your cash from you, but this guy has accepted payment. there was a case a few years back when i cannot remember exactly if it was currys or comets, advertised on ebay tv's at 99p instead of £99, some guy bought something like a 100 and it went to court and the guy got his tellys.there was nothing the vendor could do, he;d paid for them at the asking price. if this were me, i would accept in the first instance the biggest ass licking apology and refund, if that wasnt forthcoming.......i would want my coin!!. Yes, now you mention it, I remember that, ski. Like you, I'd probably accept a grovelling apology and some token gesture, such as the £10 suggested by Derek. But really, the seller should stick to the rules, mistake or otherwise. edit: thanks for the legal clarifications, Scott. Obviously e bay's insistence that a binding contract is made as soon as a BIN offer is made, should be taken with a health warning. I assume there is also a big difference with winning an auction and paying immediately compared to waiting for the sellers invioce before paying. I know if I think I've made a steal I bang in the payment before the seller has had time to think about it. Picked up a UNC 1956 1/2d F475 the other day for $5, was on the edge of my seat until it arrived.lol.
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The 1926 ME penny
Gary D replied to 1949threepence's topic in British Coin Related Discussions & Enquiries
Derek, If you still hadn't seen a ME in 20 examples, then the best estimate from that ratio (4,498,519 divided by 21) would be 214,215 ME's minted. I would believe the mintage would be somewhat less than 214k though. Just my humble opinion! <gggg>. How many pennies would you get from a set of dies?. If it was a first run of a new observe would they have run more than a dies worth to see how the die stood up? -
Melting down coins for profit
Gary D replied to SionGilbey's topic in British Coin Related Discussions & Enquiries
Are sovereigns really "coins" as they were largely minted as bullion for foreign exchange and were regularly put into the melting pot and recoined. -
Victorian Coronaion Token
Gary D replied to SionGilbey's topic in British Coin Related Discussions & Enquiries
I'm afraid so. See, his dad's 1st in line, so I guess he is 2nd in line??, and his kid will be 3rd. Or maybe I've got it wrong and must kneel at the block with my neck bared. What if for some reason it never makes it to the throne Who would be next in line? There's nothing like keeping it in the family, no sorry that a Norfolk wedding. -
Technical data on coin?help.
Gary D replied to josie's topic in British Coin Related Discussions & Enquiries
That is good. When I was a scout we were taught that a half penny was 1" across so you could in the absence of a ruler use a 1/2d to measure items. Mind you if lizzy had size eight feet you wouldn't need a 1/2d. -
The 1926 ME penny
Gary D replied to 1949threepence's topic in British Coin Related Discussions & Enquiries
I'd agree about the 1864 (both types) and the 1875H from the Victorian era. Even 1869 is easier to get in a very high grade than those two. Also, I agree with earlier comments about the fallibility of the Freeman rarity estimates. Obviously they were never really any better than inspired guesswork. Nonetheless, that doesn't really explain why there are so few 1926ME's in high grade. For a coin a lot younger than the buns I referred to, and only 45 years old at demonetisation, it is hard to explain IMO. If I had to put a guess on how many of the original mintage were modified, I'd say 15-20%, something of that order. Again though, pure guesswork. No real way of knowing. Thanks for all the comments & opinions, chaps. Surely rarity figures are all nonsence now due to decimalisation. I would guess only 10% of pennies exist now and all the so called rarities were stripped for circulatiion beforehand. The playing field is much levelled now a days and H and KNs are as common as 1967 pennies. -
I totally 100% agree. If I was the vendor, I would honour the sale, even at £1.00. The seller made a silly error, and Accumulator won it fair and square. As the seller I would take the hit and preserve my reputation for integrity, even in the face of "the slings and arrows of outrageous fortune". Piece of good luck for the buyer, piece of bad luck for the seller. But these things tend to even themselves out over time, in the coin market. Reluctant as I am to leave negative feedback, this is one occasion when, as the buyer, I definitely would. No buyer would be acting unreasonably to do so, and to be frank the seller is completely snookered when it comes to a meaningful reply. His honesty is well and truly compromised, and everybody would know it. Just trying to provoke discussion here not take sides, but isn't the seller just making an offer for sale and is not under any compulsion to accept a buyers offer. It's a bit like goods in a shop labelled incorrectly, you go to buy the goods and the shop keeper can refuse to sell the item to you and unless they take your money there's no sale. I can see the problem with the likes of paypal but by sending the seller your money you are only offering to buy, if they turn your money around no sale has happened. Now if they spent your money the sale would have been accepted.
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1922 Penny with rev of 1927
Gary D replied to Accumulator's topic in British Coin Related Discussions & Enquiries
Bernie, I noticed this 'raised dot' version in your son's sale. It made a good price too! What I struggle with, though, is why this is any more desirable than, say, my very obvious 1922 die flaw pictured above? I'm not trying to add value to my coin (I only keep it as a curiosity), just trying to understand the rationale from a collector's perspective? Sorry, I know I'm getting slightly off-topic! It would appear that dot die cracks are more desirable than linear die cracks, perhaps because a dot doesn't look so broken die as a crack does. -
That only appeared in the 2010 catalogue, I have also wondered what it means.
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1922 Penny with rev of 1927
Gary D replied to Accumulator's topic in British Coin Related Discussions & Enquiries
I was at the London Coins auction when the 1922 ME went through. I'd mentally prepered myself to go to £2500. It opened at that and went for £3800 hammer. Another good identifier of the 192a is both 2s are to tooth. I think I will have to put up with my GF for now. Gary -
Ditto, decimals never rocked my boat. The coin collection I made as a youngster languished for 45 years in old albums and coffee jars. Only starting collecting again when I discovered ebay about 6 years ago David ditto
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undated 20p coin
Gary D replied to freddyyjones's topic in British Coin Related Discussions & Enquiries
Unfortunatly rare coin and small budget don't appear side by side in the same sentence. -
Nice Plug
Gary D replied to argentumandcoins's topic in British Coin Related Discussions & Enquiries
Operation Hide-behind-the-Northerners! Hide behind the northerner phah. Picture this, a bunch of burly scots tribesmens all pained blue (Rangers supporters) coverting the south as they had heard what a fair green land it was full of milk and honey. They get as far a Middlesbough and think "what the f..." and all go home again. Job done. Gary D -
The conclusions that I have heard regarding the last W & W auction is that their estimates are kept low to encourage bidders to take part. I put what I thought was quiet a hansom bid on a piece in the last Baldwins auction, ummed and arred about attending but would have needed to pinch a days holiday from next year, this was before Christmas. Didn't get the win although I wasn't a mile away. Been kicking myself ever since as it was a unique piece. Gary D
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Yesterday's FT - Investment in coins
Gary D replied to Accumulator's topic in British Coin Related Discussions & Enquiries
It was interesting, yes. Inevitably, collectors will think more and more in investment terms given the recent steep rise in coin values. Yes, interesting, but I couldn't help think of the three times previous we have "been here before" - once in the late 60s with all those "investment opportunities" involving mint-sealed bags of 1967 pennies etc, then in the mid-70s when inflation sent investors flocking towards alternative forms, and then again in the early 80s with that silver fiasco and all those auction highs for rare coins. I can't help feel that, like property prices, the "eBay phenomenon" (i.e. prices craze) won't last forever, and that it's always best to enjoy our collections, while at the same time trying to avoid paying top dollar during a rising market. Remember the long stagnation from the mid-80s to the late 90s? A couple of years ago I bought a maundy set from the State from I beleive a widow selling off her late husbands investment portfolio. With the set a document arrived giving it's investment valuation from when it was purchased. I think it was for about just over $400, I paid just over $100 for the set on ebay. Coins as an investment, not for the faint hearted. Gary D -
Bizarre Cupr0-Nickel Penny
Gary D replied to Red Riley's topic in British Coin Related Discussions & Enquiries
Brilliant find!! Struck on a two shilling planchet, must be worth at least £500 Seems a bit much for a wrong flan coin. My Eliz.II florin on an underwight flan (possibly a Burundi 10Fr) cost £1.79 (including postage). Get it slabbed and it'll be worth at least £1000