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Replies: 2,778 / Views: 301,104 |
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Valued Member
Canada
196 Posts |
I have seen a set of the premium set coins. I have to say those gold coins are a grade or two higher than the general hand select. I dont know why there are such differing opinions on the quality of premium set, however IMO, thise coins would definitely grade 64 to 65 with PCGS.
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Pillar of the Community
Canada
871 Posts |
Hi everyone, I managed to take a few shots of my 1914 $5 Hand Selected gold piece. Can anyone give me an idea what they think it will grade? The pictures are a little blurry from the flash as well as the angle of the camera. Any help will be greatly appreciated. Thanks.   Sorry that the pictures are rotated 90 degrees. They weren't like that before I uploaded them.
Edited by jsinger21 03/13/2013 12:05 pm
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Valued Member
Canada
430 Posts |
@swrbxxx: you had said... " Trends on these coins will get slammed over time even with the melt. There are far too many MS coins graded in such a small period of time
MS65 + will hold a premium Anything below that I believe will come down to just over bullion melt "
With some of the members here stating the coins they have seen in-hand grade anywhere between AU to MS-62, it's hard to understand the comments posted here, and what you had stated that anything equal to or below a MS64 will go for bullion value.
Trying to interpret the comments from previous postings between some members here, it leads me to believe that a PCGS MS63 is not really a MS63, but are really MS62 (if graded by ICCS), so technically the trend values for a real MS63 graded by ICCS should still hold up its trend value considering not that many members have seen high quality uncirculated coins in high grades and that most are AU to MS62. I guess they should have two different trends... One for PCGS, and another trend for ICCS gold coins then.
In my opinion I have to say the MJT $5 1914 is an easy MS64 if graded by PCGS, seeing the coin in hand.
Edited by Coinsplus 03/13/2013 12:41 pm
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Pillar of the Community
Canada
867 Posts |
@jsinger21...nice coin, I find that you need to use magnification to see the real condition of the fields...however, with the nekkid eye, you should be able to see any distracting heavy (bag) rim marks (from other coins, not marks on the rim)...it doesn't' look like yours has any of these.....so grading depends on the number and severity of the bagginess in the fields..as a starting point......
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Pillar of the Community
Canada
871 Posts |
Hi Tripoli,
I can send you a picture with a better picture. Can you private message me with your email address please? I don't know what to look for but I know you might be helpful.
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Valued Member
Canada
430 Posts |
@jsinger21: nice coin there. What is in the obverse field near the letters IMP. There seems to be a gouge in the field. Is this correct?
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Pillar of the Community
Canada
871 Posts |
Hi Coinsplus,
I took the coin out in person and compared to the picture. There is one or two surface scratches near the I in IMP. I'm not that good with a camera. Can you take some educational guess what it would grade for?
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Valued Member
Canada
430 Posts |
Between ms60+. Definitely not a 63 with that surface scratch.
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Pillar of the Community
United States
2764 Posts |
@ jsinger21: Nice coin. My 'blind eyes - dart throwing' guess is it's either MS63 or MS64 by PCGS/NGC (at 95+% chance it will be in either grade). Why? Check my population reports on this thread, a few pages back.
@ Other members: A friendly reminder, grading is more of an art than science & grading is very subjective.
My thought: If the remainder coins to be delivered (from the hoard) are consistent in condition as the population report then we will not see a significant price increase between the graded hoard coin & those coins of the hoard that are in original package (95+% of all hoard coins graded by PCGS/NGC are either MS63 or MS64); which mean their average conditions are pretty much consistent and in that range.
With that in mind, part of swrbxxx's comment is true: Any thing above MS64 should hold their value (or even gain in value, as this series become well know/publicized, more collectors will want the best of the best). However, I don't believe anything MS64 and below will drop in value to melt (especially not these: 1912 $10 & 1914 $5). They may depress/lower the current price/value of MS64 coins and lower, but not to the point of melt. However, those coins in MS62 and lower will see significant drop in value/price (because of the increase in population of MS63/64 coins via the hoard.
Lastly, prices on a free market is control by supplies vs demand. So, if the series is getting more popular & the demand pick up significantly, prices will change (potentially moving up). We just have to wait and see.
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Pillar of the Community
Canada
972 Posts |
Most of the hoard coins I have seen so far graded by PCGS are at least 1 or 2 grades higher than those graded by ICCS. I think PCGS has been very liberal with the grades they have given these coins. IMO of the coins posted so far I have not seen a MS64 and just a couple that would meet ICCS MS63. Could be harder to sell a PCGS graded hoard coin in the future if collectors feel the grades are soft. This also could be because of TPG companies competing for the grading business from this hoard. Dealers are gonna send there coins to the TPG that will give them the highest grades.
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Valued Member
Canada
430 Posts |
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Pillar of the Community
Canada
685 Posts |
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Pillar of the Community
Canada
685 Posts |
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Bedrock of the Community
Australia
21788 Posts |
There was a warning regarding extremely good fakes of all dates of these, (both $5 and $10), made from gold recycled from very worn U.S. gold coins. The warning was attached to an auction lot description of a gold $10 of this period.
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Pillar of the Community
Canada
685 Posts |
@sel_69l somebody uses real gold coin to make Canada gold coin seems too waste, he should make rare US gold coins 
Edited by Panda 03/14/2013 02:51 am
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Replies: 2,778 / Views: 301,104 |