Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Coin, Banknote and Medal Collectors's Online Mall Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. 300,000 items to help build your collection! Royal Estate Auctions - $1 Coin AuctionsJoin Thousands of Coin, Bullion, & Money Collectors Vancouvers #1 Coin and Paper Money Dealer Specializing in Modern Numismatics








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Early Dollar Too Good To Be True?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 64 / Views: 8,120Next Topic
Page: of 5
Pillar of the Community
Joe2007's Avatar
United States
3843 Posts
 Posted 04/16/2012  12:34 am  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
I'm not by no means familiar on this series but that scratch on the right side stretching from the wing into the fields is much more noticeable in these pictures than the previous pictures. But I would have thought that it would have been awarded a details grade if that was the issue. Perhaps it has been re-toned or has some environmental damage, in hindsight seeing the holder I have to question the color which does not look quite like others I have seen. It is close but a little off IMO. Still a very nice type coin that many collectors would clamor for to be part of their collection.
Edited by Joe2007
04/16/2012 12:38 am
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 04/16/2012  02:24 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
What they're calling ED may be what I didn't like about it. It seemed the color wasn't right to me, and that's something they give a "no grade" for.

Glad to see it's genuine, tho, and identified, which is half the battle (did you mean they charged $100 for TPG?)


Quote:
This one would rate at least a low fine. Not entirely sure how much this grading devalues a coin.
But as they say it is what it is.

I dunno about the variety, but I don't think you'd be out of line expecting $2000-2500 retail.
New Member
United States
12 Posts
 Posted 04/16/2012  09:48 am  Show Profile   Bookmark this reply Add summit315 to your friends list Get a Link to this Reply
Yes the color could be a little dark. The coin was wrapped up tightly in an old piece of note paper with writing and apparently had been that way for many years. So it could have toned the surface a bit. Still looking on line I've seen others with similar color. But when you put it through the grading process I guess they are the experts. I wonder after 200 plus years how any circulated early silver coin would not end up " environmentally damaged " Still a nice coin. I'm happy with it.
Pillar of the Community
CoinsKelly's Avatar
United States
3453 Posts
 Posted 04/16/2012  09:55 am  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply
It is a wonderful coin. Experts, smexperts, their opinion is subjective and I have come to value the opinions on this site more than the TPGs. I have seen some with a slabbed coins with a no problem grade that have made me go .

New Member
United States
12 Posts
 Posted 04/16/2012  10:23 am  Show Profile   Bookmark this reply Add summit315 to your friends list Get a Link to this Reply
Thanks I think TPGs are like the Government. We have given them too much power.
Pillar of the Community
upstate's Avatar
United States
3283 Posts
 Posted 04/16/2012  1:16 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
I could not agree more with the last 2 statements by CoinsKelly and summit315
Pillar of the Community
afcop13's Avatar
United States
1409 Posts
 Posted 04/16/2012  5:46 pm  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
Awesome coin, terrific find. Just read the whole thread today.......I guess there are still lots of these stories out there to be had. Congrats!
New Member
United States
12 Posts
 Posted 04/16/2012  8:39 pm  Show Profile   Bookmark this reply Add summit315 to your friends list Get a Link to this Reply
Thank you! Sometimes ya just get lucky.
Pillar of the Community
westcoin's Avatar
United States
9792 Posts
 Posted 04/17/2012  02:53 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Here is PCGS reasoning on code 97 which your coin has according to them:

Environmental Damage.
Coins that are damaged because of improper storage may be rejected. Corrosion is caused by storage in areas of high humidity, sea salvage coins, and coins found in the ground. Toning that is excessively dark or heavy, or which burns into the surface of the coin, may be rejected.

I don't think it looks too bad from your photos, but in hand can always be another story especially under a good lamp with a loupe, something we here on CCF don't see. Still a very nice score, and now you know it's the real thing!
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 04/17/2012  2:15 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Well I had the variety wrong, I'll chalk that up to the pictures, but I will say I have seen a lot worse early dollars (Harshly cleaned etc) slabbed in problem free slabs.
Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 04/17/2012  9:10 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Having talked with a couple people who use to grade for NGC, they told me that they were paid by the number of coins they finished per day. They were the ones who told me they thought rush jobs were the cause of some slabs that people later question.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
New Member
United States
12 Posts
 Posted 04/17/2012  10:26 pm  Show Profile   Bookmark this reply Add summit315 to your friends list Get a Link to this Reply
Interesting. you do wonder sometimes. I go back to the days before any TPGs and I think half the fun was figuring out what you or your collector friends thought the grade was. Good and bad in all things I guess.
Pillar of the Community
LTMets44's Avatar
United States
580 Posts
 Posted 04/19/2012  01:36 am  Show Profile   Bookmark this reply Add LTMets44 to your friends list Get a Link to this Reply
Great story, great find. Congrats!
Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 04/20/2012  4:09 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
Interesting. you do wonder sometimes. I go back to the days before any TPGs and I think half the fun was figuring out what you or your collector friends thought the grade was. Good and bad in all things I guess.

How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Valued Member
usc96's Avatar
United States
291 Posts
 Posted 04/21/2012  9:42 pm  Show Profile   Bookmark this reply Add usc96 to your friends list Get a Link to this Reply
Great coin, and great story. I can't help but wonder if the "details non gradable" grade could have been avoided if you had gone through a high volume submitter, rather than individually submitting?
  Previous TopicReplies: 64 / Views: 8,120Next Topic
Page: of 5

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.38 seconds to rattle this change. Forums