1879s Rev 78 (PAF) VAM-56

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Flat-Chested
Posts: 338
Joined: Sat Jan 05, 2019 5:28 pm
Location: Saskatchewan Canada

Re: 1879s Rev 78 (PAF) VAM-56

Post by Flat-Chested » Sun Feb 24, 2019 4:08 pm

I could’ve traded and completed my San Francisco Long Nock set, I could’ve been a contender, I could’ve been somebody.

iceman
Posts: 195
Joined: Sun Jan 20, 2019 12:27 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by iceman » Sun Feb 24, 2019 8:21 pm

Well we shall see what happens at AUCTION . Im sure it will go well for you on the VAM 56 .
Looking forward to bid on it .

Flat-Chested
Posts: 338
Joined: Sat Jan 05, 2019 5:28 pm
Location: Saskatchewan Canada

Re: 1879s Rev 78 (PAF) VAM-56

Post by Flat-Chested » Tue Feb 26, 2019 1:59 am

We might not see this offered on GreatCollections until next week. Not sure why anybody would want it, as the bonnet is broken.

Vam-mysterio
Posts: 325
Joined: Fri Jun 08, 2018 8:52 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by Vam-mysterio » Tue Feb 26, 2019 3:56 am

8-)

Vam-mysterio
Posts: 325
Joined: Fri Jun 08, 2018 8:52 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by Vam-mysterio » Tue Feb 26, 2019 9:55 pm

Ok
All jokes set aside ,
I will be prepared to see some strong price
Been paid for
Your coin ,
When all said and done ,
My prediction on the final price :
Between $1500 to 2k
Vam 56 is extremely hard to find
In any grade
And then you can only hope it grades
At the grading companies

Flat-Chested
Posts: 338
Joined: Sat Jan 05, 2019 5:28 pm
Location: Saskatchewan Canada

Re: 1879s Rev 78 (PAF) VAM-56

Post by Flat-Chested » Wed Feb 27, 2019 5:28 pm

I made a number of inept Morgan purchases from members here and on eBay a few years ago, bought DETAILS coins and paid a few thousand dollars more than they are worth, a good sales price on this coin will help correct the errors made.

iceman
Posts: 195
Joined: Sun Jan 20, 2019 12:27 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by iceman » Fri Mar 01, 2019 12:57 pm

Yep I hear you , some times we buy stuff that is not up to par . The VAM stuff is hard to do on Ebay with PHOTOS that are Poor . Its hard to pick out things proper . Heck the 1879S rev 78 is a pain to get the proper VAM from a photo on Ebay . How many times have I not been able to see the broken R proper because of reflection and poor photos on EBAY . Or cleaning is really hard to see also via photo's on Ebay . So I hear you on the LOST dollars due to bad purchases . But I guess its just part of the hunt . And when we get the one coin that is the RARE VAM for little dollars , thats when we WIN !!!
But I hear you !!!

Flat-Chested
Posts: 338
Joined: Sat Jan 05, 2019 5:28 pm
Location: Saskatchewan Canada

Re: 1879s Rev 78 (PAF) VAM-56

Post by Flat-Chested » Fri Mar 01, 2019 7:24 pm

The issue is exacerbated by purchasing DETAILS coins knowing they were DETAILS, thinking that they had some value. It is true that some DETAILS coins still sell for good value (see Heritage Auctions 1878s VAM-111), but this is quite an anomaly. My loss of approximately four thousand dollars is more due to my own ignorance rather than poor pictures posted by the vendors. If there are any people new to coin collecting here, my advice is to purchase graded coins that do not have “DETAILS” written on the holder, and don’t buy any RAW coins until you educate yourself on why some coins do not make the grade. And, some coins that do make the grade and are encapsulated by ANACS, NGC or PCGS should still be avoided due to aesthetic issues. As the astute collectors say, buy the coin and not the holder. If I purchased more San Francisco Long Nock coins instead of RAW and/or DETAILS San Francisco Long Nock coins, I would have a much nicer collection now.

iceman
Posts: 195
Joined: Sun Jan 20, 2019 12:27 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by iceman » Fri Mar 01, 2019 10:01 pm

Well Good new from PCGS on my VAm56 that was in a F grade cleaned designation . I sent it for restoration at PCGS and its coming back a VG08 without the cleaning designation !!!! YEA! , But Im still will bid on the GS VAM56 . But YEA I saved a coin from the cleaning designation . That just makes me happy ! So sometimes things work out . Rare but sometimes !

Vam-mysterio
Posts: 325
Joined: Fri Jun 08, 2018 8:52 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by Vam-mysterio » Sat Mar 02, 2019 12:21 am

Very good,on your vam 56 iceman!
Flatchest:it seems like I’m going to have to wait another week to start bidding on your coin?

Flat-Chested
Posts: 338
Joined: Sat Jan 05, 2019 5:28 pm
Location: Saskatchewan Canada

Re: 1879s Rev 78 (PAF) VAM-56

Post by Flat-Chested » Sat Mar 02, 2019 12:36 am

Great Collections delayed posting the coin as they were not clear in how I wanted it marketed. Can't fault them, they are doing all they can to please as many people as they can.

iceman
Posts: 195
Joined: Sun Jan 20, 2019 12:27 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by iceman » Sat Mar 02, 2019 2:56 pm

Well its better for GC to wait till they are clear on what you want to do , then just to post it and
you get Un Happy with what they did . So I think this is a Good Thing ! But still they needed to communicate better with you . LOL . As us VAM guys pester you !! LOL !
I will still be in the hunt on your VAM56 as well as others . Now its a grade upgrade for me .
But thanks for keeping us posted on this , It explains alot for the delays in posting of the coin .
I know alot of us are itching to get it . LOL Thats what makes it fun !

Flat-Chested
Posts: 338
Joined: Sat Jan 05, 2019 5:28 pm
Location: Saskatchewan Canada

Re: 1879s Rev 78 (PAF) VAM-56

Post by Flat-Chested » Sun Mar 03, 2019 6:37 pm

I have over a dozen SF Long Nocks that came back as "Details Cleaned" (I am not talking about my Details Damaged or Details Improperly Cleaned coins), what kind of price can I expect to be charged by PCGS for them to attempt restoration? What percentage of "Details Cleaned" coins can I expect them to rectify?

I have some SF Long Nocks that have very slight rim damage, sometimes I see Morgans that were graded by major grading companies and got clear grades even though they have slight rim damage. Could somebody please provide some information on the degrees of rim damage that is acceptable?

iceman
Posts: 195
Joined: Sun Jan 20, 2019 12:27 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by iceman » Tue Mar 05, 2019 1:23 am

As soon as I get my 56 back I will post the price on the restore cost . I think prior to the PCGS restore being offered ,and
weird toning that looked rubbed away because the coin might have been stored then re-circulated they deemed as
cleaned . Now the restore service cam take care of it . So in my case I saw a gummy substance on the coin , and really
looked for striations and could find any , so I tried the PCGS restore and it worked .
So I will email you what I spent on the restore , and I got it attributed and Gold Shield also . I will try to break down the
cost when I see the receipt that I was charged .

So Yep this might be a service for the LONG nocks that have weird toning that they deemed Cleaned in the past .
Might be worth a GO of it !!!

iceman
Posts: 195
Joined: Sun Jan 20, 2019 12:27 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by iceman » Tue Mar 05, 2019 1:32 am

I really think the KEY is the striations , If there are None due to cleaning then you should be scott free on doing a
restore via PCGS . Like I said Funkey toning that has worn can lead then to believe it was cleaned in the past with PCGS .
So the restore section will take care of it and DEEM it OK as a Non Cleaned coin . Just got to really look to see whats on the coin . Catch 22 I know , but I think a beta test with a coin you deem OK and No cleaned would warrant doing the restore .
And I think they will reject it if they cant take care of it . So I think its a possible win for you .
I will get you the cost on my Vam56 restore fee when I get the coin in .

Flat-Chested
Posts: 338
Joined: Sat Jan 05, 2019 5:28 pm
Location: Saskatchewan Canada

Re: 1879s Rev 78 (PAF) VAM-56

Post by Flat-Chested » Wed Mar 06, 2019 5:12 am

You dropped from F to VG08, Is it common to drop a grade in the restoration process?

Flat-Chested
Posts: 338
Joined: Sat Jan 05, 2019 5:28 pm
Location: Saskatchewan Canada

Re: 1879s Rev 78 (PAF) VAM-56

Post by Flat-Chested » Wed Mar 06, 2019 5:40 am

Coin is up at GreatCollections, all profits from the sale of this coin go to Long Nocks, nothing left for the birds.

iceman
Posts: 195
Joined: Sun Jan 20, 2019 12:27 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by iceman » Thu Mar 07, 2019 12:06 am

The PCGS restore with attribution and Gold Shield on the VAM56 cost $80.00 . So that was pretty cheap considering .
So thats a point of cost reference for the cost for you . I hope that helps .
John

PS: I bid on your VAM56 on GC already !!! So its a upgrade to mine now !!! LOL Always got to upgrade .

iceman
Posts: 195
Joined: Sun Jan 20, 2019 12:27 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by iceman » Thu Mar 07, 2019 12:10 am

The question on the F to VG I think was because the stated Fine Details on the cleaned holder and that wasnt accurate .Since a cleaned coin would be a lowest grade . So after the restore they really graded it , At least thats how Im taking it .
So I would not consider a coin that stated a grade with Details a true grade . Please chime in on this its just a idea of why .
I would also like to know , always learning stuff .

iceman
Posts: 195
Joined: Sun Jan 20, 2019 12:27 pm

Re: 1879s Rev 78 (PAF) VAM-56

Post by iceman » Sat Mar 09, 2019 1:36 pm

Stacks Bowers Auction , Check out this mistake on the last Stacks auction . It proves that you need read the fine print
before a bid . https://auctions.stacksbowers.com/lots/view/3-GQLF4
Note PCGS did a bad job on the attribution and classified it as a VAM25 ,Stacks noted itwas incorrect and it was a VAM 42
and thats No Biggy to get in a MS63 condition , hard but doable but the auction went off at a 6.6K OH MY !!! For a VAM42
lets hope this coin gets corrected with the attribute before it goes into a PCGS registry for the 1879s rev 78 ( If it goes in there ) . It wouldnt be fair to the rest of the Registry crew , Heck I had to pull a VAM50 PCGS attributed because it was
a VAM51 , just couldnt live with myself , but I had to do some research to figure it was a Vam51 not a VAM50 . Sucks
because I have a hole now or a VAM50 in MS in my registry .

Well just wanted to point out this Stacks Auction and what a example it is to read the fine print , well it wasnt really fine
just kind of a misleading auction . Any thoughts for anyone ?

PS: Im bidding on the VAM56 in Fine on GS ,I want that coin for a upgrade on the registry , lets see if I get it . LOL .Got to try !

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