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Update on the Legacy Collection
by bear on 15 Jul, 2011 12:06
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I have been asked by a number of members of the other Coin Forum
not to ever again mention the collection and I have agreed. So, I guess
that folks will just have to come over here to learn about developments.
As some of you know, I have decided to have all of my coins not only PCGS,
but CAC approved. While neither company is immune to errors in grading,
the two together, generally will indicate a quality coin that is strong for the grade.
a number of coins are cracked out from say a MS-65, where it is a really nice
top of the line for the grade coin. The coin is then dipped and gets a just barely
made it MS-66 grade. It is still a nice looking coin but the luster is a little less due to
dipping and it is no longer strong for the date. I have found, when
one realizes a mistake on a coin or one chooses to change direction for a collection, i
it is best, at least for me, to get it over with and then move on. Even if CAC
is no longer in business when the collection is sold in 10 -20 years,it should still have
the cache of the current doily and rattler slabs as perceived quality. In the
case of CAC, it is not only perceived but will exist in actuality.
Thus a number of collection coins, CAC as well non CAC will be auctioned off. Some
of the CAC coins will turn a small profit and so the overall loss will not be too bad.
I have decided that there were too many white coins in the collection and I wanted to
have more coins with pleasing toning in the collection. Who really knows what will
be in demand in 10 - 20 years, but a little bit of everything can't be
a bad thing at all.
I have decided to add some dimes to the collection. These will all be toned coins and one is the
plate coin for the PCGS Coin Facts under 1891 S.L. Dimes Proof. I call this dime, because of its toning
"FIRE AND ICE).
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Reply #1
by coinsarefun on 15 Jul, 2011 12:52
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That's too bad bear. Many people over there enjoyed your experience and were actually learning about putting together an investment collection. Which at best is very difficult and sometimes costly task. It is an extremely difficult task to achieve and with your health situation I would imagine makes it even more difficult.
I stayed out of almost all discussions over there on purpose because I felt it better and safer that I keep my comments here so it doesn't get misinterpreted as trying to promote this site.
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Reply #2
by acan451 on 16 Jul, 2011 17:23
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Hi Bear I think whatever you do is your choice, and I admire you for doing what you want to do You have your own reasons why and that's good enough for me. Alan
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Reply #3
by Catbert on 16 Jul, 2011 17:56
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Bear - you "owe" no one an explanation. I hope that your collection, with whatever turnover you feel is necessary, brings you happiness and pride while also bringing your heirs a future reward.
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Reply #4
by bear on 17 Jul, 2011 08:57
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I am giving serious consideration to moving into beautifully toned dimes. Yes its true,
I am planning on modifying my criteria for the Legacy collection to include dimes. One
never knows what twists and turns will develop in a fast moving and eclectic collection
such as mine. Is it even possible, to include, gasp, dare I say it, toned Franklin halves?
Stay tuned in, during the next few weeks there may be some unexpected and exciting new
developments.
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Reply #5
by kaz on 17 Jul, 2011 09:25
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I'm glad to hear that you are thinking of including dimes in your collection-- there are many beautifully toned coins among the seated, barber, and mercury series-- they may be small but, hey that is what digital imaging is for!
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Reply #6
by coinsarefun on 17 Jul, 2011 12:16
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Is it even possible, to include, gasp, dare I say it, toned Franklin halves? bear.........you??? Franklins? hey what gives???
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Reply #7
by bear on 17 Jul, 2011 12:23
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Must be a case of temporary insanity.
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Reply #8
by coinsarefun on 17 Jul, 2011 13:17
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Reply #9
by Sonorandesertrat on 17 Jul, 2011 14:21
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I saw a pair of Franklins with just that (endroll) look on CU not too long ago. What bothers me is that I have also seen several Morgans with exactly that look during the last several years. Before this time, I never saw Morgans (and I have toners) that looked like this.
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