Treasurechic
Well-known member
Well the coin came back, they would not give it a grade because of the environmental issues. Though very little, these gradeing companies are very particular about coins they grade, at least the reputable ones are. There are companies who will do what they call a "details grade" I see no need to pay $30.00 to have a company seal my coin in a holder and then give a detailed description of what is wrong with my coin whats the purpose of that. There is a bright side to this. A gentlemen who collects colonial coins had contacted me several times while the coin was being graded showing great interest in purchasing it, I in turn checked online auctions ( Stacks, Heritage Galleries all of the reputable coin auctions) to see what the selling price was for these coins, there are few for sale but enough to get an idea. The average final sale of the same coin in better graded condition right now is only at average $5,000 so when the gentlemen and I settled on $3,000 I was happy with that. I learned a great deal about the world of coin buying and selling. "Book Values" are much higher than "sellable values" add the economy to the mix and I feel I got a fair price. This gentlemen plans on having the coin "restored" which can increase its value and make it look like it did 300+ years ago or it can destroy it, a risk hes willing to take but I was not. He promised to send me pics once it is finished I cant wait to see the end result. I will post the pics when I get them.
