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 Replies: 27 / Views: 2,585 |
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Bedrock of the Community
Canada
11922 Posts |
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Pillar of the Community
United States
9796 Posts |
MS64+ RD I can see a RB or a RD on this coin it's so close.
"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 States
1021 Posts |
Here is the reveal.....Its in a PCGS MS64RD holder. The variety is not attributed on the holder, but it is the very scarce Shallow N reverse. I have difficulty taking pictures of RD copper, but this coin is a glowing full red color.
PCGS has a pop of 1/0 in that grade right now and I could only find 2 sales of an MS64RD 1872 shallow N. They sold for $12,500 and $18,000 respectively. While I paid a lot for it, its value is considerably more.
Heritage has never offered a full Red 1872 shallow N.
Im going to send it back to PCGS to add the designation to the holder and attempt to get a + on the grade.
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Pillar of the Community
United States
709 Posts |
Woo, nailed it! Yeah, you can pretty much set the market with a coin like this. Price guides don't seem to mean much in this case either, it's all about the actual auction.
Good luck on the + it's definitely not out of the question.
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Bedrock of the Community
United States
11904 Posts |
Saw that andy skrabalak has a 1872 ms66rb for sale for $10k. Amazing that the full red designation is so valuable. One question is, if you ask it to be reholdered by PCGS, are you concerned that the coin would be exposed to ambient air, perhaps precipitating some oxidation that would eventually turn it RB? Also Albanese sells a brand of slab jacket called intercept shield. Do you use this or something like it to protect and preserve the fragile color of the coin? Thanks for sharing and congratulations on your acquisition.  |
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Bedrock of the Community
United States
11904 Posts |
Sorry, Skrabalak has a 1872 66rb for $6k and a 65rb with shallow N for $10k. Both also top pops at PCGS. Yours seems better than both of those.
Seems like if you reholder and color gets downgraded to rb, you would fall probably way below $10k. That is quite a risk.
Seems like there is a need to weigh the upside against the downside.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
03/15/2017 11:06 am
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Pillar of the Community
United States
1021 Posts |
I think if I send in for a re-consideration, they will leave it at a 64RD at minimum. They will reholder it anyways due to the attribution, but I don't think they can go down on the grade or color.
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Pillar of the Community
United States
8521 Posts |
Beautiful coin Red !
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Bedrock of the Community
Canada
10743 Posts |
That is a real beauty...  |
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Bedrock of the Community
United States
11904 Posts |
PCGS, on reholdering will protect you (they say) via their guarantee program by reholdering at the correct grade and paying you the difference at their discretion. They do not however guarantee the color of copper coins because that can change while holdered, after it has been graded. They will do what is in their best interest, nor yours.
I think that they have a program where you can request reconsideration and request a minimum grade and maybe color designation. If it does not rise above the minimum grade, they are supposed to return the coin back to you in the original holder.
However, PCGS does not want what it thinks is a misgraded high value coin floating out in the market, and it is possible that they will invoke their right to reholder at a revised grade more indicative of what they feel the grade is today. Under their guarantee program, there is no compensation for decreased copper coin color designation.
I am not saying that this is likely to happen, but that it is possible, and that it should be considered as you decide whether to resubmit.
A relevant bit of info is when the coin was graded. You can estimate that by the appearance of the holder as these seem to change every few years.
I thought Albanese's intercept shield was a little hokey, but it seems designed for your situation. The owner of a high value full red certified copper coin.
Something to consider as thousands of dollars in value may be at stake for you.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
03/15/2017 1:10 pm
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Bedrock of the Community
United States
94367 Posts |
Good points. Congratulations, RedRaider - very nice coin.
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Pillar of the Community
United States
1021 Posts |
I was talking about the PCGS reconsideration service.... http://www.PCGS.com/reconsideration/My understanding is that if it doesn't upgrade at all, it will come back in the original holder. If thats the case, I can send it back to add variety attribution. If it does get a + or even an MS65 grade, they crack it and change the label. Am I understanding this service incorrectly? Thanks! |
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Bedrock of the Community
United States
10982 Posts |
Be careful. PCGS has no color guarantee and if the coin is in their hands and they feel it's a RB now then I am not 100% certain what they would do. Walk gently and speak with a PCGS expert (NOT PCGS Customer Service) before proceeding. From the images 64 looks correct with it being right on the RD/RB border. Good luck!
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Valued Member
United States
295 Posts |
Quote:
The variety is not attributed on the holder, but it is the very scarce Shallow N reverse. I saw that right away--nice find, great coin! |
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Pillar of the Community
United States
3210 Posts |
As others have stated is it worth the risk? Risk vs reward always in the back of my mind.
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Replies: 27 / Views: 2,585 |
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Posted 03/15/2017 02:45 am
