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1870 CC Seated Liberty Half Dollar

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vermontensium's Avatar
United States
16679 Posts
 Posted 05/21/2012  9:03 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Not sure if mentioned but weight will help confirm.
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SmokinJoe's Avatar
United States
44 Posts
 Posted 05/22/2012  12:39 am  Show Profile   Bookmark this reply Add SmokinJoe to your friends list Get a Link to this Reply
It's Authentic! But the dealer said I shouldn't bother sending it in for grading because they will not grade it because it is a dug coin. He also said it wasnt worth investing in NCS to clean it because no amount of cleaning will remove the black toning. I'm gonna need a second opinion. So next step is send high-res pics to NCS and ask if they feel I can benefit from having the coin professionely restored.
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 05/22/2012  12:42 am  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
It is still worth sending in for grading.
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Australia
243 Posts
 Posted 05/22/2012  12:57 am  Show Profile   Bookmark this reply Add enoilgam to your friends list Get a Link to this Reply
Congratulations SmokinJoe - its great to finally see an amazing find which doesn't turn out to be a fake.
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vermontensium's Avatar
United States
16679 Posts
 Posted 05/22/2012  01:16 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Good for you! Yeah, NCS will give it a little more eye appeal then, I would PCGS it prior to auction...just my 2 cents :)
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Moe145's Avatar
United States
8904 Posts
 Posted 05/22/2012  05:15 am  Show Profile   Bookmark this reply Add Moe145 to your friends list Get a Link to this Reply

Quote:
It is still worth sending in for grading.





Even a "Genuine" grade will pay you back huge dividends if you sell.

That's an amazing find all the way from Carson City!!

Edited by Moe145
05/22/2012 05:16 am
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w1a9c8k5's Avatar
United States
1348 Posts
 Posted 05/22/2012  07:01 am  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list Get a Link to this Reply
Agreed! Send it in to PCGS (I would sign up for your own account). If it comes back genuine your still looking at a good pay day
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fenton's Avatar
United States
4989 Posts
 Posted 05/22/2012  08:17 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
You need to get the coin certified as genuine. Nowadays, very few people will buy a high rarity unless it is in a slab. Too many high quality fakes out there.

Which dealer examined it and recommended not to certify or conserve ?
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BH1964's Avatar
United States
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 Posted 05/22/2012  09:45 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Great Luck! I hope the dealer is correct. They are incorrect on not "certifying". It must be conserved and certified genuine by a TPG to realize its value. NCS is the best route because it's 99% likely they will be able to get it into a holder after conserving. PCGS or ANACS might not holder it all (even as genuine) without conservation.

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SmokinJoe's Avatar
United States
44 Posts
 Posted 05/22/2012  10:37 am  Show Profile   Bookmark this reply Add SmokinJoe to your friends list Get a Link to this Reply
The dealers name was Comensky. I chose to go to him because he is an authorized dealer for PCGS. Between you and I, I didn't care for him at all. Right from the get go, I was angry at him for man-handling my coin and not holding it by the rim. He completely down-played the rarity of my coin, and basically gave me the feeling that coins dug from the ground were of no interest to "serious" collecters. In a nutshell, he basically insinuated it was noything more than a good find on my part. In the end though, he did offer to purchase it if I wanted to sell it. I have to admit to being a little confused by by the differing opinions on what to do with this coin. For example: Some say it has to be slabbed because that's the only way collectors will consider purchasing it. While others say never slab it because collecters of coin this rare actually want to touch it. The dealer I spoke to suggested the latter of the two.
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oih82w8's Avatar
United States
7840 Posts
 Posted 05/22/2012  10:47 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Trust your gut. There are some "blankety-blank-blank" (so-called) dealers out there who want to "low-ball" any one (especially coin novices) to try and make a buck (or more). I would send it it in ANACS as well. It would be in deed great news to find an authentic CC so far out east.
Edited by oih82w8
05/22/2012 10:47 am
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Jaobler's Avatar
United States
6385 Posts
 Posted 05/22/2012  11:15 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Wow, sounds like that Comensky guy is someone to avoid. If you brought that coin into my local shop I guarantee it would have generated a big positive reaction, with enthusiastic professionals congratulating you on your extraordinary find. One of the owners is a real Carson City fan and he would likely have made a reasonable offer if you were interested in a direct sale. Did Comensky throw out a dollar amount with his offer to buy? If so I would guess it was a small fraction of the coin's potential value.

I would second the recommendation to talk with the folks at NCS about conservation. I expect it will be judged as "environmentally damaged" no matter what they do to it but they should be able to improve its eye appeal which will translate to a higher sale price.

How about those new hi-res photos ()? It will be much harder to get good shots once the coin is slabbed.....
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SmokinJoe's Avatar
United States
44 Posts
 Posted 05/22/2012  11:33 am  Show Profile   Bookmark this reply Add SmokinJoe to your friends list Get a Link to this Reply
See, even in here I get different opinions and answers. So which is it that I should send this coin to? NCS, NGC, PCGS, ANACS? I was just checking out prices for restoration services at NCS and this is what I came up with: $39 for a one year membership (needed to submit coins), 1% of the declared value of coin for evaluation and then another 4% of declared value for the actually restoration services. So what would you declare the value to be? Wow, this is gonna be expensive! Example: If the coin was valued at $10,000 that means it will cost me roughly $539 just to have this "cleaned" and then additional fees to have it graded? Okay, so here's the question: If I spend all that to get this coin cleaned, graded, and slabbed what would be a realistic price that I could expect to ask for this coin? Versus selling it as is?
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SmokinJoe's Avatar
United States
44 Posts
 Posted 05/22/2012  11:41 am  Show Profile   Bookmark this reply Add SmokinJoe to your friends list Get a Link to this Reply
Comensky told me the coin was worth about $4000. I'm sure that wasn't his offer though. I feel the coin is worth way more than that. Yes it was in the ground and has "environmental damage", buteven so it has great detail to it and appears to be one of the better specimens compared to all the CC Halfs I've been able to observe on the internet. The dealer made it sound like a collecter would choose a lesser graded coin over this one just because of the fact that it was a dug coin and has an unnatural blackened tone. I was under the impression that all silver turns black (tarnish?) over time when exposed to elements.
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Australia
243 Posts
 Posted 05/22/2012  11:57 am  Show Profile   Bookmark this reply Add enoilgam to your friends list Get a Link to this Reply
Its a tough one. As you want to sell it, I would probably get it slabbed by PCGS or NGC. The reason for this is because collectors will want something concrete on the grade considering that it was dug out of the ground. It will also make it easier to sell (it will give you more options). In terms of autheticity, collectors wont be too bothered buying this raw if you consign it to an auction house like heritage or stacks-bowers. At the end of the day, most people would feel extremely comfortable buying off an organisation with that level of prestige.

Also, with a coin of this value, I would consign it to an auction house - I think you could get a lot more for it this way.
Edited by enoilgam
05/22/2012 11:58 am
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