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1860 Pointed Bust Indian Cent --- You Vs NGC

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Coinfrog's Avatar
United States
94367 Posts
 Posted 03/30/2016  4:47 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I wouldn't spend the money either.
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mycrob's Avatar
United States
2602 Posts
 Posted 04/01/2016  4:04 pm  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
Before the grade was revealed and I looked at this one and said MS65 all day. I noticed the carbon spot and nick above the eye too, as mentioned by others, but otherwise it is gorgeous and hardly anything else detracts.

The carbon spot is very noticeable so I think it's a gamble to expect a 66 out of this on crossover. If you crack the coin out and blindly submit, the coin may end up 65 no plus and you lost a half point but gained the PCGS holder plus "pointed bust designation" and it basically holds same value as the 65+ in NGC no designation.

The big question is what's the price guide on 65 vs 66 say- if the price climb is very steep, might consider gambling and cracking it out and blind submitting for a 66. If it comes back 65, you could send it back to NGC and see if the will cross it back to 65+ and show them pictures of your coin in the 65+ holder with cert #?

How much is it going to cost to send it into PCGS anyway?

I am not a gambler- if this were mine, I'd keep it where it is. Depends on whether you like to gamble a little and depends a lot on the 65 vs 66 price guide.
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CoinCollector2012's Avatar
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8137 Posts
 Posted 04/01/2016  6:51 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
MS-65
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RedRaider's Avatar
United States
1021 Posts
 Posted 04/01/2016  10:10 pm  Show Profile   Bookmark this reply Add RedRaider to your friends list Get a Link to this Reply
I think I'm going to keep it where it is.....

Most recent auctions for MS65 for the pointed bust are between $2000-$5000+. The Newman coin, graded MS65 CAC by NGC sold for $5400 in Feb. At the lower end of the spectrum, some of the coins look ugly and not well struck. My guess is CAC would sticker this one.

Coins in MS66 have traded for between $8000-$11000 recently.

As stated before, I think I will have the variety added to the label. This would make it one of the top 15 examples between both major grading services for the variety and probably worth the small investment.
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paralyse's Avatar
United States
12057 Posts
 Posted 04/01/2016  10:38 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
In the current market, a CAC 65+ would probably be more attractive than a straight 66 from the point of view of a bidder or investor.

I do think that you should get the attribution since this is a high quality coin; if there is an IHC CC for this variety yours would have to be near the top.
Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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panzaldi's Avatar
United States
18717 Posts
 Posted 04/02/2016  4:07 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
i agree that it would be more beneficial to have a bean on it
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