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johnny54321
Pillar Of The Community
USA
2096 Posts |
 Posted 03/08/2010 11:07 pm
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Purchased off of ebay with a BIN of $200 shipped. It seemed like a reasonable price. Seller called it VG, though I think it is more of a nice G-4 or G-6 and will fit nicely with my G/VG 1921. Seller has 100% feedback with 7 day return, and it looks genuine problem free to me. Opinions? I'll post better pictures of it when it arrives.
http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWNX:IT
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jakeW
Valued Member
United States
145 Posts |
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Jaobler
Pillar Of The Community
USA
2124 Posts |
Posted 03/09/2010 12:17 pm
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Looks pretty nice and the price was right. I don't know how TPGs grade early SLQs when the dates are so worn. Overall detail would be G-06 or possibly VG-8 but with the date so weak wouldn't the coin qualify as "barely identifiable"? That is pretty much the definition of "poor". Do the TPGs take a middle ground and go with AG-3?
On another issue, I read an article about altered 1923 quarters with added S mintmarks and such coins were described as very deceptive. The article didn't mention added mintmarks on low-grade coins but I'd bet they exist, just as they do for 1932 quarters and 1916 Mercury dimes. Your coin looks OK to me but an expert opinion might be good to have.
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johnny54321
Pillar Of The Community
USA
2096 Posts |
Posted 03/09/2010 12:24 pm
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Yeah, I double checked the MM position with similarly graded 23-s on heritage and it looks correct, but I will double check the coin when I receive it, maybe take it to a dealer.
From what I've seen, a TPG would grade this anywhere from AG-3 to VG-8. I doubt it would fall below AG. They are very inconsistent as to whether they graded based on the strength of the date, or the overall coin. I'm happy with it as a "good". I've seen PCGS grade this coin as high as F-15 with only 1 digit indentifiable. It was posted in the other thread, so I will bring it over to this one. For the record though, I think it is overgraded.
PCGS F-15
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Edited by johnny54321 - 03/09/2010 5:36 pm |
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coinyoungsta
Valued Member
United States
280 Posts |
Posted 03/09/2010 5:42 pm
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i heard that they altered the date on 23-s by getting a 1928-s and changing the 8 into a 3 but I dont know how you could tell if that had been done
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johnny54321
Pillar Of The Community
USA
2096 Posts |
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steve199
Pillar Of The Community
United States
1744 Posts |
Posted 03/09/2010 6:21 pm
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Johnny, that is a great coin! I think it is a strong VG10, and could easily slide to F12.
I have pics of other F15 coins that look the same as that pic you pulled from the other thread. If I'm not careful wheatguy will jump on me. 
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vermontensium
Pillar Of The Community
USA
4811 Posts |
Posted 03/09/2010 7:09 pm
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I agree with a VG10+ may possibly go F12. Typical weak date similar the the 1921 with only last digit visible. It looks like a nice, original coin. Nice pickup!
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wheatguy
Pillar Of The Community
United States
1140 Posts |
Posted 03/09/2010 10:16 pm
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Wow, you got a great deal. VG-8+ is my opinion.
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Edited by wheatguy - 03/09/2010 10:17 pm |
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aladinslamp
Pillar Of The Community
United States
831 Posts |
Posted 03/10/2010 12:59 am
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a long time ago I collected the SLQ, and they are an outstanding design,,,,the one thing I can't conceive is how good this coin looks with the date almost missing......Is that normal??? I do love the SLQ but my main thing is morgan's, SLQ would be next for sure....
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steve199
Pillar Of The Community
United States
1744 Posts |
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johnny54321
Pillar Of The Community
USA
2096 Posts |
Posted 03/10/2010 11:13 am
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Thanks for the grades folks, though I think the modern graders at a TPG would knock it down to G-4 due to the date weakness. There is a very nice PCGS G-6 1923-s on ebay right now that is decidedly stronger than this coin in all respects. I was considering bidding on it, but couldn't pass this one up.
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nod2003
Pillar Of The Community
United States
1889 Posts |
Posted 03/10/2010 11:35 am
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Maybe they would knock it down, but it is a common issue with that coin design, so I would be surprised if they knock it down solely on date wear.
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steve199
Pillar Of The Community
United States
1744 Posts |
Posted 03/10/2010 11:59 am
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Johnny, thanks for pointing out that G6 coin on ebay. It is under graded! 
Seriously, the inconsistency on how these are graded is interesting. To me the date should not be such a factor, but I'm not the one handing out the grades.
If several slabbed coins in this grade range were lined up, I wonder if there is a time line that would show that the grading standard shifted one way or the other with regards to the wear on the date.
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johnny54321
Pillar Of The Community
USA
2096 Posts |
Posted 03/10/2010 12:32 pm
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Yeah, that G6 would probably be a great buy for someone. I may still even bid on it if the price stays low, but I agree with the inconsistency thing. It seems that the later slabs are more strict with grading, but that is only based off of a few that I've looked at. However, I think we can use that to our advantage and only purchase certified pre 25 slqs that are undergraded and save some money. I saw a 1921 on Heritage in an NGC VG-10 slab that had a full bold date.
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steve199
Pillar Of The Community
United States
1744 Posts |
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