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1795 $1 Flowing Hair (Authenticity Validation)

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Pillar of the Community
United States
3479 Posts
 Posted 10/11/2017  12:19 am  Show Profile   Bookmark this reply Add MikeF to your friends list
I would put in a phone call to NGC. I don't send coins in for grading very often but I would find it hard to believe that NGC wouldn't be willing to identify the area where they believe the coin was repaired.
Pillar of the Community
861 Posts
 Posted 10/11/2017  02:46 am  Show Profile   Bookmark this reply Add g048406 to your friends list

Quote:
Where exactly was it repaired.


I said it before and I'll say it again....."XF details-repaired, the bar was removed through surface repair."
Bedrock of the Community
United States
10982 Posts
 Posted 10/11/2017  06:24 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
Congratulations. Turns out your $3,600 purchase is market correct for an XF Details piece.
ANA #R3154474
CCF Advertiser
United States
1533 Posts
 Posted 10/11/2017  07:35 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list
I did suspect that was a possibility, as that die scratch is prominent on even G-4 specimens. A good loupe with a strong light should show the metal lines flowing around in an un-natural fashion when the surfaces have been worked on. Whizzing is too easy to spot as there will be un-natural flowing luster and you don't see that on your coin, I presume. There may have been some grafitti that was removed in the left obverse field and then smoothed over which would remove the die scratch as well. All in all for $3,600 you still did ok.
Edited by Andrew99
10/11/2017 08:57 am
Pillar of the Community
United States
7375 Posts
 Posted 10/11/2017  09:04 am  Show Profile   Bookmark this reply Add edweather to your friends list
Congrats on the coin being genuine. What a relief.
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United States
2843 Posts
 Posted 10/11/2017  10:18 am  Show Profile   Bookmark this reply Add BigSilver to your friends list
Congrats. I followed this saga from the beginning and I am happy to hear it end nicely.
Valued Member
United States
414 Posts
 Posted 10/11/2017  10:46 am  Show Profile   Bookmark this reply Add cableguy815 to your friends list
Thank you all for the support and the highly informative & educational discussion. My knowledge of US coins grew by leaps and bounds over the course of this little adventure.

@G048406 I believe you are correct sir and were correct all along. SupperDdave's trust in your knowledge seems well deserved.
Pillar of the Community
United States
7375 Posts
 Posted 10/11/2017  2:32 pm  Show Profile   Bookmark this reply Add edweather to your friends list
Pacificoin was confident too.
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Canada
5394 Posts
 Posted 10/11/2017  5:27 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
Thanks Ed . The reason I was confident was the fact I was in London for the recent Coinex and had a chance to see all of the Early US Dollars that were in the auction by DNW . All were "problem Coins" to one degree or another and came from the same source. That said the 1795 bought by the OP was a decent buy and was indeed the best of all the Dollars in the sale.
The picture of the one I posted above ( NGC VF25 straight Grade ) was purchased by myself from a well known London Dealer After Coinex . Have to say the inspiration to buy it came from the original poster and the viewing of the Dollar Lots from the auction. I paid 3400 pounds for my 1795 Flowing Hair plus a very pleasing raw 1809 IIII Edge Bust Half which should come back from NGC as A lock ExF 45 shot 50 .
I certainly think the OP is AOK at what he owns the EXF Details 1795 at . Cheers!
Valued Member
United States
414 Posts
 Posted 10/11/2017  6:02 pm  Show Profile   Bookmark this reply Add cableguy815 to your friends list
@Pacificoin Glad to be an inspiration Do post a pic of that capped bust half, don't be shy.


Quote:
All were "problem Coins" to one degree or another and came from the same source


Seems you know quite a bit more than I do. What source are you referring to?

As for my purchase, I knew exactly what I was getting myself into. As I said before, this was a gamble which unfortunately didn't pay off. That said, I am certain I can recoup my $3,600 or $3,700 with minimal loss (if at all) should I chose to do so. This is not a "bad" coin, it is just not as appealing to me as I hoped it would be based on the initial picture. Lord knows there are FAR uglier flowing hair dollars out there.

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Canada
5394 Posts
 Posted 10/11/2017  6:25 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
The 1809 half is getting sent to NGC with other US I bought recently will be awhile.
I am certain you will come out AOK on your Flowing Hair. As you say there are a great many way , way worse!
In all my years of being a dealer , can count on two hands the number of nice Early Flowing Hair and Bust Dollars I have handled . Most have cleaning or damage problems .
As to the source , no names but there are more than a few collectors of neat stuff like Early Dollars and Type who just never went that little extra stretch for quality for very little extra money at the time. That is why you can throw out catalogues and price guides when a truly nice original example comes along.
On the other hand nice Bust halves do show in Canada on occasion. I just love to squirrel away nice ones.
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Germany
1849 Posts
 Posted 10/12/2017  12:49 am  Show Profile   Bookmark this reply Add GERMANICVS to your friends list
I have bought from DNW a few times, and have been generally happy. I purchased a pricey (not U.S) coin at this particular auction. Upon arrival I noticed the coin had a defect which was not mentioned in the description, and DNW was very for forthcoming in returning the purchase price in full. Full apologies and no loss to me. Based on this I will continue to buy from them in the future.
I am mentioning this in case the OP may want to return the coin - If the argument is good, I feel confident DNW will accept the return.
Valued Member
United States
414 Posts
 Posted 10/12/2017  01:03 am  Show Profile   Bookmark this reply Add cableguy815 to your friends list
I don't believe there is a need to return the coin it was a reasonable purchase and in all fairness, DNW did disclose their suspicion of the unnatural tone. But I do agree, their reputation is excellent and thus far my experience with them in the multiple auctions I've purchased from them is very favorable. If it is not a secret, what lot did you purchase in this auction - I am curious to see if we went against each other. I walked away from this auction with 3 lots, the flowing hair, 1790 Netherlands Florin, and an 1804 Great Britain Trade dollar. I must have bid on at least 50 lots though (most low balls with about 10 being serious bids that I lost by 1 increment) - this was a very exciting auction with some pretty incredible lots up for sale.
Edited by cableguy815
10/12/2017 01:04 am
Pillar of the Community
Germany
1849 Posts
 Posted 10/12/2017  01:22 am  Show Profile   Bookmark this reply Add GERMANICVS to your friends list
I collect U.S coins as well, but did not bid on any of them at this particular auction. This time I focused on ancients, and managed to win a very scarce (and quite expensive) roman denarius. As I mentioned, it had a planchet issue which really bothered me, and was only visible upon close examination. Returning it was not a problem (besides the anxiety of sending back such an expensive item through the mail!)
Edited by GERMANICVS
10/12/2017 01:23 am
Valued Member
United States
167 Posts
 Posted 10/12/2017  04:27 am  Show Profile   Bookmark this reply Add Gallienus to your friends list
While I've no experience w coinex, I've been to coin shows and auctions in South America & am a member of the Brazilian primary numismatic society.

Major collecting interests are Latin America & Brazil, although I always look for classic US types. I've never seen anything being given away in foreign countries. It's too easy to just send stuff into to major US auctions for US coins and also for foreign when their national markets are too weak.

The best I can do is to buy what I like and can show off & also what I think will eventually be worthwhile. I love the US Flowing Hair pieces (dollars & halves) but unless confronted with "unacceptable problems" these types are simply out of my price range. Once I was offered a slabbed 1795 half by a dealer who told me "you really should buy this coin" but unfortunately I didn't take his advice. Also at the time I was starting a new business and buying [for me] an expensive coin was not good at the time. Oh well we all have the fish that got away...

Should update my profile as I'm back in the US now.
Edited by Gallienus
10/12/2017 10:43 am
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