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 Replies: 47 / Views: 5,284 |
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Pillar of the Community
 United States
4692 Posts |
Updated pics.   |
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Pillar of the Community
United States
4989 Posts |
My first impression, from the original photo set, was PR64 and I think that is accurate. Nice snag, as it was clearly undergraded. I think the grader that day didn't understand what die polishing lines were. Technically probably PR63 but I think the eye appeal of the toning takes it up a notch. Maybe send to CAC for a gold bean?
Edited by fenton
05/14/2020 10:17 pm
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Valued Member
United States
167 Posts |
Well it's not really a fair evaluation. You have a Seated dollar which apparently has hairlines fron a cleaning. Then there is a 2nd set of photos with vivid colors and no signs of hairlines or surface issues. The coin was photographed hiding the hairlines. This is why for pieces in an auction many people like[d] to see the coin in person, or at least phone up and talk to someone who has the actual coin in hand. I thought the coin was a 65 from the 1st set of photos. |
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Pillar of the Community
Taiwan
606 Posts |
Quote: " My first impression from the original photo set was PR64 and I think that is accurate. Nice snag, as it was clearly undergraded. I think the grader that day didn't understand what die polishing were. Technically probably PR63 but I think the eye appeal of the toning takes it up a notch. Maybe send it to CAC for a gold bean? " Why would you think that this LSD is not properly graded after being around for 25yrs in the same TPG holder and passing through three auction houses and viewed in hand by hundreds of collectors, dealers and specialists and not one of them putting their money on the line for a an upgrade ? Edited by Everest
05/15/2020 9:47 pm
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Pillar of the Community
United States
3655 Posts |
I've seen a handful of proofs from this era trade over slab grade on bourse floors. Most of those are nickel Treys and Shields, and involve a lot less money, but it happens.
In those cases, the market made a price adjustment to perceived grade, and ignored the slabbed grade. Again, the difference was that the price differentials weren't huge (around $100-$200), and the free market handled the eyeball regrades.
I'm not saying that's what occurred here, but it does happen, and proofs from the 1870s and 1880s and mid-grade large cents are where it seems to happen.
Edited by fortcollins
05/15/2020 11:48 pm
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Pillar of the Community
Taiwan
606 Posts |
Thank you for answering my question concerning the 1871 LSD.
Edited by Everest
05/16/2020 08:41 am
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Valued Member
United States
167 Posts |
"Why would you think that this LSD is not properly graded after being around for 25yrs in the same TPG holder and passing through three auction houses and viewed in hand by hundreds of collectors, dealers and specialists and not one of them putting their money on the line for a an upgrade ?" Excellent explanation by Everest! Having viewed many Seated dollars in person from 1982 to 1994, in an effort to buy a nice ms business strike, I never found an undergraded one. The price differential between ms61 and ms65 is so steep for these that grading-savy dealers crack out any borderline coins and resubmit them internminably until they strike the next higher grade. Perhaps those are mint added die polishing lines: in which case they should not be a detraction or perhaps they're hairlines from cleaning which is indicative of the 61 grade. Very hard to tell from an on-line photo. Also I was looking at MS coins not proofs which are quite different in terms of rarity. Edited by Gallienus
05/18/2020 7:37 pm
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Pillar of the Community
Canada
1267 Posts |
Wow......just plain wow.
My own experience with PCGS true views has been positive, with the coin portrayed accurately.
Certainly not the case here, I would have thought easy 65 from the initial images, with no thought whatsoever of a possible cleaning.
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Valued Member
United States
167 Posts |
I'm going for a 66. You said no problems: thus I'm assuming no hidden hairlines or other stuff. A late date Seated dollar & a beautiful coin. I really don't know it could be nicer but I'll guess PF-66. |
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Pillar of the Community
United States
3848 Posts |
Quote:I'm going for a 66. You said no problems: thus I'm assuming no hidden hairlines or other stuff. A late date Seated dollar & a beautiful coin. I really don't know it could be nicer but I'll guess PF-66. Little late buddy, the grade was revealed nearly four years ago! Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Bedrock of the Community
United States
94367 Posts |
HIt the grading books, Gallienus.  |
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Valued Member
United States
167 Posts |
As mentioned previously, the hairlines were hidden and the OP stated "No problems". Hairlines/ an old cleaning are definitely "problems".
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Pillar of the Community
United States
3848 Posts |
Quote:
As mentioned previously, the hairlines were hidden and the OP stated "No problems". Hairlines/ an old cleaning are definitely "problems". Although I agree, your personal believe makes no difference in the marketplace. Only the opinion of the slabbers make a difference. If you don't like it, don't buy it! "Problem coin" is also a highly subjective term. Some may be more than willing to put an impressive, although hairlined, proof Seated dollar in their collection! Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Bedrock of the Community
 United States
18673 Posts |
and this is why TV's are pretty much worthless.
i am a happy camper that fortcollins is back on site. hope he hangs around and assesses some of the coins especially the buffs. I learned a lot by reading those ones.
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Pillar of the Community
United States
2340 Posts |
Quote:
i am a happy camper that fortcollins is back on site. I was thinking the same thing then noticed his reply was nearly 4yrs ago...  smat |
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Replies: 47 / Views: 5,284 |
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Posted 05/14/2020 10:16 pm
