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Latest $3 Gold Purchase. Is This A Keeper Or Not?

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United States
5191 Posts
 Posted 05/27/2022  11:32 am  Show Profile   Bookmark this reply Add NumisEd to your friends list
Too many hairlines for a real AU-58 coin. The NGC grader must have been in a really good mood, or drunk perhaps.
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Taiwan
606 Posts
 Posted 05/27/2022  12:09 pm  Show Profile   Bookmark this reply Add Everest to your friends list
Return it. If you are on the fence you are not committed. Your reference to your other $ 3 AU 58 CAC should give you a solid comparison. IMO you should never talk yourself into a coin. There are more than 1500 $3 1874 AU58 graded coins between PCGS and NGC.
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United States
1613 Posts
 Posted 05/27/2022  7:21 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list
I would hold on to it for two reasons. One, the price you obtained it for and the grade assigned despite the lack of obverse luster. I would imagine that it does not look too out of place next to another in or near the grade. Second, reselling it in the future would bring a bit of a profit. To return it you'd only be breaking even. But this entirely a decision of you're own choosing. Personally, I like it and may have bid against you had I seen it.
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Bedrock of the Community
United States
94367 Posts
 Posted 05/27/2022  7:30 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Pictures with different lighting angles would be helpful in evaluating eye-appeal.
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United States
5832 Posts
 Posted 05/27/2022  8:16 pm  Show Profile   Bookmark this reply Add macmercury to your friends list
Looking to a $3 gold piece for my collection, but the price...oh!
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Australia
21788 Posts
 Posted 05/27/2022  10:28 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
From reasonable quality pictures on my 24 inch screen monitor, looks OK to me, when combined with the above comments by others.
To settle your mind a bit further, you may wish to take it to a dealer who is familiar with this series. Somewhat of a pity it is slabbed,- it is easier to very closely examine any coin in the 'raw', especially when it comes to very accurate weighing and XRF testing.

, 58 looks about right.

At $200 on ebay below the average call for the condition, I think you may have got away with it. I am not all that keen with ebay with expensive coins, except from known professional dealers with the best of reputations. ebay OK with cheaper coins.
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United States
3234 Posts
 Posted 05/28/2022  10:28 am  Show Profile   Bookmark this reply Add Prethen to your friends list
I'm going to return it.

You guys had some great comments here. I think the comment that really told me what my gut was already saying was: "...you should never talk yourself into a coin". It's true it was a great price, but the obverse will always be an albatross when trying to resell and bring down any eventual sales price.

Technically, perhaps the grade is correct. However, the look (at least from the obverse) says "this is an AU50 (with claims to an AU58)". A bizarre situation. However, it would always bother me with it not having true AU58 luster even for the money. It's unfortunate that the ebay seller didn't have better pictures to begin with but that's kind of par for the course with ebay.
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United States
3848 Posts
 Posted 05/28/2022  10:35 am  Show Profile   Bookmark this reply Add jacrispies to your friends list
I think you made the right decision. If you are unsure if you would like to keep a coin, don't. You want a collection of WOW coins, not just average coins.
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Pillar of the Community
United States
3234 Posts
 Posted 02/17/2023  9:29 pm  Show Profile   Bookmark this reply Add Prethen to your friends list
I never got back to this thread but I'm glad I dug it up. Not long after I returned this coin, I found another (1874 $3 - NGC AU58) on JJ Teaparty's site which was a bit more expensive, but I don't regret picking this up at all! I wish CAC didn't shutdown its regular tier as I'm pretty sure this would get the bean. The surfaces on this coin are absolutely gorgeous not to mention PL. I've included both lustrous and PL (which I should have adjusted for the color since they came out a bit too warm) photo versions of the coin.

Latest-$3-Gold-Purchase.-Is-This-A-Keeper-Or-Not? Latest-$3-Gold-Purchase.-Is-This-A-Keeper-Or-Not?

Latest-$3-Gold-Purchase.-Is-This-A-Keeper-Or-Not? Latest-$3-Gold-Purchase.-Is-This-A-Keeper-Or-Not?
Edited by Prethen
02/17/2023 10:43 pm
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Taiwan
606 Posts
 Posted 02/18/2023  05:50 am  Show Profile   Bookmark this reply Add Everest to your friends list
I am glad you found a coin you are happy with. CAC is still accepting coins from members. New CAC membership is temporarily closed.
Pillar of the Community
United States
3234 Posts
 Posted 02/18/2023  11:30 am  Show Profile   Bookmark this reply Add Prethen to your friends list
I know they still.accept submissions but at more than double the regular tier. I can't justify paying another full grading fee for that opinion.
Bedrock of the Community
United States
94367 Posts
 Posted 02/18/2023  11:40 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Love the new one!
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United States
5825 Posts
 Posted 02/19/2023  08:52 am  Show Profile   Bookmark this reply Add kanga to your friends list

Quote:
Looking to a $3 gold piece for my collection, but the price...oh!

I've only got one $3 gold piece.
I needed one for my type set.
It's an 1874 graded NGC AU-55.
Considering the price for $3 gold pieces, this will be my only one -- forever.
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Canada
557 Posts
 Posted 02/19/2023  09:20 am  Show Profile   Bookmark this reply Add wallyb to your friends list
Looks like you made a good decision on your second purchase. I only have one $3 in my Type Set, an 1857 in AU55, which was a challenge to find.
Pillar of the Community
United States
3234 Posts
 Posted 02/19/2023  10:28 am  Show Profile   Bookmark this reply Add Prethen to your friends list
That's a bit ironic, Wallyb....My latest acquisition was an 1857 in AU55! That is a tough coin.
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