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 Replies: 9 / Views: 15,746 |
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Valued Member
United States
364 Posts |
I recently came into a 1957 Canadian Silver Dollar that I believe is a 1 water line variety. I have sent it to NGC for grading and have gotten the grade (MS 65) but not the Variety listing. I have not gotten the coin back but I was sure it was a 1 Water line. I have looke on Heritage and found a 1 WL MS 65 by PCGS and the lines look exactly the same-- ONE top line and very small reminants of two others. I am wondering what constitutes a 1 WL coin? Is there a transition of 1 and 1/2 , 2 and 2 1/2 WL ? Any help from my canadian brethen would be greatly appreciated. Thank!
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Pillar of the Community
Canada
1731 Posts |
there a different varieties for 1957. 1 waterline and full water line (4 lines) And very nice grade on that coin  hope this helps |
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Valued Member
Canada
241 Posts |
Congratulations on the MS65! It sounds like you have what is sometimes referred to as the "Polished die, one water line" variety.
I'm not sure how the premium curve works for these high grade dollars, but the variety should demand an increase in value versus the standard full water lines.
Edited by staircase
02/03/2012 10:31 pm
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Pillar of the Community
 Canada
617 Posts |
FWIW, this year's Charlton shows the standard 1957 as $110 in MS64 and $2,000 in MS65.
For the polished die, one waterline variety, its $400 in MS64 and $2,500 in MS65.
How that would relate to the actual market price, I have no idea.
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Valued Member
 United States
364 Posts |
Thanks for the input everyone! I will post a picture when it gets back. I may send it to PCGS for crossover and designation for 1WL if it is suposed to be a 1WL.
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Valued Member
Canada
475 Posts |
I bought 2 twenty coin rolls that came out of the Ottawa area that were put away many years ago. Both were choice original bank rolls and the finest 1 WL 1957 coins I have ever handled.Sent the entire run to ICCS and the breakdown was as follows. MS60 5 MS62 9 MS63 21 MS64 5. There were NO MS65 coins and I personally have NEVER seen one that would qualify as a Canadian grade 65. The coin is usually lightly struck and baggy to say the least.The eye appeal is usally not very nice either. AsI stated these were very nice coins and far above the norm for the issue. As to price I kept the nicest 64 for myself and sold 1@$500 and 2@400
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Valued Member
United States
364 Posts |
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Valued Member
Canada
241 Posts |
The reverse depicts the polished die, one water line variety... nice coin!
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Valued Member
Canada
207 Posts |
One water line, Beautiful coin! Sometimes you have to ask the variety when you summited for grade.
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Pillar of the Community
Canada
4911 Posts |
Feel free to call me Will.
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Replies: 9 / Views: 15,746 |
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Posted 02/03/2012 10:29 pm
