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Dug a 1909-S VDB Yesterday---Value??
- Thread starter taltexan
- Start date
In fact, the possibility of finding some nice coins is what got me into metal detecting back in high school. That looks like a pretty nice coin when you consider that it has been in the ground for a while. In my opinion, olive oil would just lessen the value of your coin. The coin has been in the ground a while and you can't change that fact, but adding another foreign substance to the coin surface would just decrease it's value in the eyes of a collector. Many coins up for sale and on the auction sites these days have been cleaned and that is noted on the certification service labels. That cuts the coin's selling price dramatically.
Your 1909-S VDB looks pretty good as it is now. Judging by the details and the grading standards listed in "The Official American Numismatic Association Grading Standards for United States Coins" 6th Edition, you coins looks like its about VF-20 to VF-25 to me. Be careful if you try to sell it. Dealers will note that's it's been buried and try to convince you to accept a lot less because of that. Current retail price for a 1909-S VDB is about $1365 for problem-free coins. Dealers should offer about 50% of that amount. I don't know how much the minor corrosion from being in the ground will affect that value though.
Sorry I can't be more exact on the grade and value. It's hard to tell the grade from a photo and any prospective buyer will make their own judgment anyway. Congratulations on an awesome find! I'd love to have a coin like that for my collection if I could afford it. Just don't use the olive oil because I think you'd be sorry you did.
Mark
Your 1909-S VDB looks pretty good as it is now. Judging by the details and the grading standards listed in "The Official American Numismatic Association Grading Standards for United States Coins" 6th Edition, you coins looks like its about VF-20 to VF-25 to me. Be careful if you try to sell it. Dealers will note that's it's been buried and try to convince you to accept a lot less because of that. Current retail price for a 1909-S VDB is about $1365 for problem-free coins. Dealers should offer about 50% of that amount. I don't know how much the minor corrosion from being in the ground will affect that value though.
Sorry I can't be more exact on the grade and value. It's hard to tell the grade from a photo and any prospective buyer will make their own judgment anyway. Congratulations on an awesome find! I'd love to have a coin like that for my collection if I could afford it. Just don't use the olive oil because I think you'd be sorry you did.
Mark
1goldsniper
Member
I also found a 1909 wheatie but it didn't have S or VDB. They are removing the asphalt of main street here where I live and sidewalks. I am only able to detect the sidewalks because they still need to remove about 4" of road mix which is harder than most Texas county dirt roads. They then take the material mixed with 2 ft of material under the road mix and scatter it out along a section of highway they will be widening. I have put in6-7 hours in and not even found a wheatie .Nails, horseshoes, tin cans.smashed beer cans. The town was started in the latter 1860's the oldest coin was a 1880 Canadian dime. But still looking. They will be getting to to downtown sidewalks this week. Maybe I will be able to show something. So far 10 wheaties, 1 Indian, 1 v-nickle, 2 Barber quarters,3 barber dimes, 1 merc, 1 1919 war medal missing parts. Who knows how long it will take if they hit an old fuel tank and the EPA moves in! Only 2 1/2 blocks and then it is all over.
Cajuncoinhunter
Moderator
Great find. Hold onto that baby and it will just go up in value with time. LOL. That is one of the better finds I've seen on the forum. 
CONGRATS. CajunCoinHunter
CONGRATS. CajunCoinHunterHi Texan,
PCGS shows their turnaround time on this site: http://www.pcgs.com/services/
Currently they show 16 business days for Regular service, of which your coin would qualify. So you can start the countdown!
PCGS is as good as any other site regarding the authentication. Because of the heavy corrosion, they don't need to grade the coin; nor would any dealer/collector use such a grade as a determination of value.
If I were you I'd give your local dealer the first shot at purchasing the coin and taking anything North of $275. That would be fair. Or goes4ever for $900... it's your call.
Just to show how tough these grading services can be, this brilliant uncirculated 1934 cent was sold in a recent Teletrade coin auction for $3. It was labeled 'corroded'. No copper ground finds ever get a 'clean' slab from these agencies.
PCGS shows their turnaround time on this site: http://www.pcgs.com/services/
Currently they show 16 business days for Regular service, of which your coin would qualify. So you can start the countdown!
PCGS is as good as any other site regarding the authentication. Because of the heavy corrosion, they don't need to grade the coin; nor would any dealer/collector use such a grade as a determination of value.
If I were you I'd give your local dealer the first shot at purchasing the coin and taking anything North of $275. That would be fair. Or goes4ever for $900... it's your call.
Just to show how tough these grading services can be, this brilliant uncirculated 1934 cent was sold in a recent Teletrade coin auction for $3. It was labeled 'corroded'. No copper ground finds ever get a 'clean' slab from these agencies.
Mike Gresham
New member
Just a heads-up to everyone regarding coin grading with PCGS.
PCGS will not grade any coin that has been recovered from the earth.
I joined PCGS a few months ago ($200 per year!) and received a coupon for 8 free submissions. In early August I went through all my coin recoveries and picked out the best 8 coins and sent them to PCGS for grading. Included in the submission was a near-perfect 1895-O Barber dime which would grade above 40 and an outstanding 1815 Bust quarter which was close to the same. A few days ago the coins were returned to me, all enclosed in a PCGS plactic case and all marked "Not Gradable".
I just got off the phone with PCGS, the fellow's name is Chris in Customer Service. He told me that PCGS will not grade any coin that has been recovered from the earth, period. I told him that information should be declared on the PCGS website so other detectorists would not make the same mistake that I did, however he told me he has no control over such matters.
I cancelled my PCGS membership and plan on removing the coins from the PCGS plastic holders.
I hope this information prevents other detectorists from the expense and pain I just went through.
PCGS will not grade any coin that has been recovered from the earth.
I joined PCGS a few months ago ($200 per year!) and received a coupon for 8 free submissions. In early August I went through all my coin recoveries and picked out the best 8 coins and sent them to PCGS for grading. Included in the submission was a near-perfect 1895-O Barber dime which would grade above 40 and an outstanding 1815 Bust quarter which was close to the same. A few days ago the coins were returned to me, all enclosed in a PCGS plactic case and all marked "Not Gradable".
I just got off the phone with PCGS, the fellow's name is Chris in Customer Service. He told me that PCGS will not grade any coin that has been recovered from the earth, period. I told him that information should be declared on the PCGS website so other detectorists would not make the same mistake that I did, however he told me he has no control over such matters.
I cancelled my PCGS membership and plan on removing the coins from the PCGS plastic holders.
I hope this information prevents other detectorists from the expense and pain I just went through.
Yes it should be back by now if the @$@#$ Dealer had told me the true........I went to the dealer on Aug. 2 and he stated he would send it in before the end of the week. He said it would take about a month turnaround from PCGS on the coin. Well I called the first of the week to see if he had received the coin back from PCGS. He told me he still had the coin and he had have a total of 5 coins to send in at one time. I asked him why he didnt tell me that to begin with as I would not have left the coin. So now I have lost a month. I have been calling grading companies to find out about their service and turnaround time. Wish I had better news !!!!!
That would pi55 me off. Are you going to go pick it up and handle it yourself? If you send it in yourself don't forget to insure it to the hilt and if a dealer sneds it make sure that they insure it... I am so cynical that I would now be wondering about the dealer's honesty. This really stinks, IMO. The dealer for all intents and purposes lied to you by leading you to think that they were taking care of the business that you engaged in with them... see, now you have upset me... laff. Things like this really make me mad even though I don't know you or them... it makes me mad. You should go get your coin and be sure it is your coin when you do.
Arrrrrr,
Julien
Arrrrrr,
Julien
I agree Julien, coin dealers can be some of the most dishonest folks out there.
I've been buying and selling coins on Ebay since Ebay was created and the only bad experiences I've had selling coins is from coin dealers. More than once I rec'd back checks from them, often discovered after I shipped the coins. They eventually made it right but it always took prodding and time. Now PayPal protects me but, of course, that comes with a price.
I've been buying and selling coins on Ebay since Ebay was created and the only bad experiences I've had selling coins is from coin dealers. More than once I rec'd back checks from them, often discovered after I shipped the coins. They eventually made it right but it always took prodding and time. Now PayPal protects me but, of course, that comes with a price.
Use ANACS next. Actually, I recommend them to any non-dealer who wishes to certify single coins. http://www.anacs.com/contentPages/FAQSubmitting.aspx
PCGS maintains the best 'value' and is recommended for use on high-end uncirculated coins, but you must become a club member (minimum $99) and submit 5 coins at a time. http://www.pcgs.com/
NGC is highly respected certifying silver dollars. But, again, you must become a member. http://www.ngccoin.com/services/submitting.asp
Avoid all other certification companies.
PCGS maintains the best 'value' and is recommended for use on high-end uncirculated coins, but you must become a club member (minimum $99) and submit 5 coins at a time. http://www.pcgs.com/
NGC is highly respected certifying silver dollars. But, again, you must become a member. http://www.ngccoin.com/services/submitting.asp
Avoid all other certification companies.
Update,,,,,
I sent the coin to ANACS on the 8 of Sept. and got an email today. Coin is genuine with a grading of V3-details and was shipped today. According to their website the V3 grade shows VF-30. I will have to wait for the coin to be delivered to read the details. Anyway glad it is on the way back and everything checked out.....Thanks to everyone for all your help, Dennis
I sent the coin to ANACS on the 8 of Sept. and got an email today. Coin is genuine with a grading of V3-details and was shipped today. According to their website the V3 grade shows VF-30. I will have to wait for the coin to be delivered to read the details. Anyway glad it is on the way back and everything checked out.....Thanks to everyone for all your help, Dennis
