A collector in Oregon purchased a 1795 Reeded Edge Large Cent for $1000. This coin has been examined by numerous dealers raw. These various dealers felt the coin to be an alteration so did not take the coin seriously after examination. While they are deciding weather or not this coin is genuine and finally determined it was not, this collector buys it, submits it to PCGS and it comes back Good4. Now I ask you, why didn't these dealers pay $30 to see what PCGS thought? No brainer to me. This collector is expected to get $200,000-$300,000 for the coin.
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