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 Replies: 40 / Views: 3,273 |
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New Member
 Canada
39 Posts |
I have an offer from Heritage auction house to buy it outright for $1500. So the question is whether I take the offer or try and get it restored and the regraded. Any more opinions?
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Moderator
 United States
23522 Posts |
Quote:
I have an offer from Heritage auction house to buy it outright for $1500. So the question is whether I take the offer or try and get it restored and the regraded. Any more opinions? That's a pretty reasonable offer at the grade. PCGS will_not take a Mint State coin below MS60 based on eye appeal, so this coin has seen circulation. Say what you will about them, but PCGS rarely misses Circulated vs. Uncirculated when they give a grade as low as AU53. AU58, I'll argue, but not 53. Seated dollars are not uncommon with toning this dark (it's not crud, it's toning), and they're less likely to lose drastic eye-appeal points - in no way exceeding two Sheldon Scale points anyways - than other issues with similar toning. Although NCS can remove toning from a coin, it's an iffy proposition indeed to have toning removed from a circulated coin. I will not dip a circulated coin, under any circumstances. If you do have them conserve, and it makes it into an NGC slab, you're looking at roughly a 5-point reduction in value over PCGS-slabbed prices, anyways, so you'll lose the value of grade gained. |
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Rest in Peace
United States
5375 Posts |
IMO though, just compared to what I've seen for 50-53, this coin does not have the same wear. It seems possible that they might have considered this a slider instead of Unc, then taken it down to 53.
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Pillar of the Community
United States
3453 Posts |
I was thinking AU 58. I still can't figure out how the TPG's handle the eye appeal factor. |
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Pillar of the Community
United States
817 Posts |
Please show the more detailed pics.
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New Member
Canada
39 Posts |
Here are some pictures closer in for detail.   If you need something specific let me know. |
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Moderator
United States
23522 Posts |
OK, here's my thinking, and I'm being optimistic in favor of PCGS when it's not normally my inclination to be that way, just so you know.
The appearance of the details in areas of lesser wear leads me to think this was a stonkin' fresh-die strike from the Mint. PCGS noted this fact, and then compared the degree of wear to what that specific coin looked like when Uncirculated, rather than comparing it to other coins of similar appearance.
With that said, I believe they beat this one by a full grade. To heck with the toning; this one's AU55.
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Pillar of the Community
United States
817 Posts |
I can't believe it's not at least AU58.
If HA is making that kind of an offer they have a buyer who wants something like that, bad, or know they can have it regraded as MS.
To heck with the toning.
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Rest in Peace
United States
5375 Posts |
I don't think its fair for PCGS to do that when they constantly let dipped garbage into AU slabs : p
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Pillar of the Community
United States
3453 Posts |
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Moderator
United States
16680 Posts |
PCGS has gotten to the point where they will let a coin slide if it's been dipped or lightly wiped. They are selective as to which coins slide but, I've seen plenty of PCGS graded coins that have obvious altered surfaces. That said, yes the toning is dark and deductions have been made for eye appeal but, the your coin has all the merits of an AU58 coin but should have at least been slabbed AU55. It's a nice coin!
swcoin.ecrater.com
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Pillar of the Community
United States
2541 Posts |
I was thinking mint state based on the original pics, but with the newer ones I can see AU 58. But then again you know it's probably only got upside if it's in a PCGS slab.
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Pillar of the Community
United States
3076 Posts |
OK, I have a BONE TO PICK...Upfront, I don't own the series, BUT do know wear when its seen or not seen...I will assume since it does not appear to have "GLOWING LUSTER" simply means
its a genuine coin, further more, I just can't see the wear to make it AU50 or 53 coin.........Sure its dark, but PGCS has some amaZing MS67 coins that are more than toned....I think its a poor grading result, and not allowing into the graded population due to the money it should bring...WHY would heritage contact you, if this was not so... I think someones really trying to steal a great coin..
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New Member
Canada
39 Posts |
I actually contact Heritage about selling this coin as I am not a collector of American Coinage. This was there response "$1,500 would be my number for the coin as it is too dark to go any higher. "
So even Heritage thinks that the coin is to dark... so who knows what is going to happen with it.
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Pillar of the Community
United States
953 Posts |
From the pics it looks like it might have just a slight brush of wear on the cheek and the right forearm.....tough to say w/o seeing in person, but if so then a grade of 58 would fit. Def nicer than a 53 from what I see in the pics.
And it is a gorgeous coin regardless of what pcgs calls it.....
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Replies: 40 / Views: 3,273 |
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Posted 09/11/2011 6:00 pm
