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Replies: 21 / Views: 2,836 |
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Bedrock of the Community
 United States
18717 Posts |
Never graded one of these before but standard grading usually applies. First thought was AU50 maybe 53. In any case its a really cool coin. What is the value of something like this?
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Bedrock of the Community
Canada
11922 Posts |
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Moderator
 United States
16680 Posts |
Nice coin! Generally well struck were these Tower of London Mint issues. Not sure off the bat on Newman variety although it does have the dot after Georgivs as well as 7 strings on harp as a clue. I'd go AU53 on this one.
swcoin.ecrater.com
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Pillar of the Community
United States
5854 Posts |
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Pillar of the Community
 United States
1304 Posts |
Thanks for all the responses! The eye appeal on this one is why I picked it up, particularly the obverse. The reverse is a tad weak in the center of the shield, but it doesn't appear to be wear in my opinion.
NGC did detail this because of the obverse scratches, giving it an XF Details grade. Having looked at some others in NGC XF details holders, I'm betting this would upgrade if I resubmitted it, which I'm thinking of doing, but to PCGS. The detail on the obverse is much better than XF in my opinion and I don't think the scratches should have dropped it a grade. Many of the XF ones I have seen have no detail left in the leaves and hair curls around the ear, while this coin has plenty left there. I also found the scratches to not be very distracting, they are very old and deep brown toned. I welcome any and all opinions, I am by no means an expert, just going off of comparable coins sold at Heritage. There would likely be a significant "value" jump going from XF to AU, even in a details holder, though I think it costs more to have colonials graded compared to regular US issues. What are the communities thoughts?
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Pillar of the Community
United States
4337 Posts |
EF, forgive my pessimism but with the marks on the obverse being so apparent I would imagine that even PCGS would offer a details grade to this coin. I'm not sure what some experts of this series would debate against that statement as I am speaking in general terms and assumptions of the hobby. Always remember that beauty is in the eye of the beholder so regardless of the slab, the net details grade etc... the only "value" as you put it, is going to be driven by who wants your particular coin in their collection should resale become a thought for you one day down the road. And even at that point, a finicky collector will want a heck of a bargain for a coin with a details tag on in a major TPG Slab so resale now becomes more of a giveaway. Your best bet might be to crack her open, sit her in a nice album for all to see and not be judged by what NGC tagged her as but rather simply enjoy for years and generations of your family to come. You've got one nice piece of history.
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Pillar of the Community
 United States
1304 Posts |
Quote: with the marks on the obverse being so apparent I would imagine that even PCGS would offer a details grade to this coin. I agree DS. I don't think it will go into a problem free holder. My thinking was that it could go into an AU details holder which if previous auction results suggest would increase the value despite the scratches, its less of a problem than corrosion or improper cleaning, at least these particular scratches since they aren't on the head. The other reasons I would want to crack it and resubmit are more because I am a bit picky. There is a foreign object on the obverse right after III that can probably be removed with a thorn/toothpick. Also the white spec on the neck is a piece of fuzz on the inside of the plastic (where was NGC product control on that one?). Both of these annoy me, but don't detract from the coin itself. I want it to stay slabbed mainly so that I can show it to folks without touching it, and for storage. I don't know of an album set up that fits with what I currently have and I'm not a fan of putting coppers in paper envelopes. So would it be worth cracking and resubmitting for the reasons above? Its not really about value, just preservation/conservation and storage. I am all ears though on what folks have done to store colonials in an album unslabbed, preferably with the eye appeal of a Dansco type album. This was the one colonial coin I really wanted, mainly for its history. It might have opened up another can of worms though!
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Moderator
 United States
16680 Posts |
They were harsh on it.
My avatar, 1786 Vermont Lanscape, has a gash going through the plow, not a scratch, a gash. PCGS called it problem free F12.
swcoin.ecrater.com
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Pillar of the Community
United States
4897 Posts |
I agree. Knew I was overly optimistic in my guess but I think NGC was harsh.
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Pillar of the Community
 United States
1304 Posts |
I think I'm going to crack it and submit to PCGS with a few other coins that I have. Mostly for the picky items I mentioned and peace of mind with the hope that it grades higher. The dealer I bought it from was about to send it to PCGS, but they let me have it for what a similar XF details scratched one sold for on Heritage not too long ago. I trust their opinion too. At least it can go into a holder without debris floating around obstructing my view!
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Pillar of the Community
United States
3229 Posts |
Great coin! Congrats!  
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Moderator
 United States
16680 Posts |
My TPG'd Colonials with the exception of one, are all PCGS.
swcoin.ecrater.com
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Pillar of the Community
 United States
1304 Posts |
A further update: I sent this coin to PCGS after cracking it. Returned to me XF Details - Scratch. I am a bit disappointed by the XF grade, considering that the details on this one far exceed all the other XF details VA HP's I looked at in the Heritage archive. An expensive lesson for me, the only positive is that I was able to remove a piece of gunk on the coin and no longer have bits of plastic floating around on the inside of the holder.
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Pillar of the Community
United States
9796 Posts |
I was at EF45 details/scratched myself on seeing this one, I have very little experience with Colonials. To those that say NGC or PCGS were harsh? Don't try EAC grading. I'm really hoping to get out to the EAC convention this year in May at Colorado Springs and take the EAC grading class, reading all the old Penny Wise articles on their grading, it seems like EAC will swing from 4 to 24 points lower on average for most coppers. Eye opening to say the least, but the EAC guys have good reasoning for their grading standards. The TPGs tend to over look a lot of stuff on early copper but scratches is not one of them I'm learning. A really cool piece EFLargeCents! Thanks for sharing.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440
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Pillar of the Community
United Kingdom
1351 Posts |
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