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Last Seated Dollar Up For Grading.... I Think

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MikeF's Avatar
United States
3479 Posts
 Posted 03/17/2017  05:27 am Show Profile   Bookmark this topic Add MikeF to your friends list Get a Link to this Message Number of Subscribers
I think this is the last one. Again, I'm considering purchasing it for my sld set. Thoughts on grade and surface originality are greatly appreciated!

Last-Seated-Dollar-Up-For-Grading....-I-Think

Last-Seated-Dollar-Up-For-Grading....-I-Think
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numismatic student's Avatar
United States
11898 Posts
 Posted 03/17/2017  08:22 am  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Ms64
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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panzaldi's Avatar
United States
18702 Posts
 Posted 03/17/2017  2:30 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
thats some crazy luster on this coin. MS64. I think there is just too many little marks to make 65 but really nice
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westernsky's Avatar
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7631 Posts
 Posted 03/17/2017  2:46 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
I think the "frost" on the front and back is artificial. Notice how the "paint" overflows on the drapery below the elbow and around the Eagles body and wings on the reverse. It is too good to be true and that's why it is not in a slab.

It was a nice coin 'till somebody screwed around with it.

I'm sure the grading services have seen this coin several times over the years!
Edited by westernsky
03/17/2017 2:50 pm
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Coinfrog's Avatar
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94367 Posts
 Posted 03/17/2017  4:36 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
You may be right. Certainly one of the tougher cons to grade that we've seen. It does, as you say, seem too good to be true.
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westernsky's Avatar
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 Posted 03/17/2017  4:58 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Ask yourself..... "WHY is the frost only on the portrait and eagle and NOT on any of the devices?"
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moxking's Avatar
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17900 Posts
 Posted 03/17/2017  7:47 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
You can see the outline of the over spray in several areas, some quite dramatic. I bet you are right about this seeing the TPG's every few years.
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MikeF's Avatar
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3479 Posts
 Posted 03/17/2017  8:26 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
It's slabbed and graded ms-63. It's also one of the most tracked sld's on heritage. The current bid is already $3760 and we are still 18 days out. I don't know what to make of it either. You can view it here: https://coins.ha.com/itm/seated-dol...dLots-101116
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numismatic student's Avatar
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11898 Posts
 Posted 03/17/2017  8:40 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
It's undergraded at 63.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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westernsky's Avatar
United States
7631 Posts
 Posted 03/17/2017  8:47 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
1). Slabbed or not THAT coin has been played with in my opinion. There was a huge proliferation of artificially frosted coins that appeared about 25 to 30 years ago that fooled the best dealers and graders. The majority of the artificially frosted coins I remembered seeing were Morgan dollars. I believe the long-rumored perpetrator of that particular frosting scheme is now deceased.

2). We all know that TPG's make mistakes.

3). Whomever buys it better refrain from unslabbing it!
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MikeF's Avatar
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3479 Posts
 Posted 03/17/2017  9:00 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
I'm not knowledgeable enough to argue with you. I think it looks suspicious too. This is an odds game. 90% chance it has been doctored but what if it really is original?
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westernsky's Avatar
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7631 Posts
 Posted 03/17/2017  9:36 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Coin is an old green holder probably at least 15 years old. That says a lot.

Ask yourself: WHY is this coin still in an old generation holder and why has it not been submitted for reholdering and "green beaning" if it is so nice as the auction description claims?

It is not worth laying out 4-figure money on and finding out it has problems at a resubmission in my opinion.


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numismatic student's Avatar
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11898 Posts
 Posted 03/17/2017  9:50 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
In my humble opinion, this is a well struck, original coin. Frosted devices in a business strike occur during the first dozen impressions made with a new die. On top of being among the first few strikes, the metal had to fill the die completely and come into strong contact with the die at the highest points. This coin shows every indication of being fully struck. It is wonderfully preserved. This coin will sell for PQ money and deserve every penny of it.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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MikeF's Avatar
United States
3479 Posts
 Posted 03/17/2017  9:52 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
The one thing I've learned since I started collecting this series is that the really choice sld's are hoarded by their owners. They come up for auction when the owner dies and the kids(sadly)want to cash in. 99% of the slds floating on ebay and auctions are garbage. That's not to say that a few choice coins don't come up for auction every couple months. Not everyone's in the game to make a quick buck and I'm not saying you are either. I have a couple slds that could bean but it would be a pointless exercise. I'm holding them for the long-term.

I sent an email to an sld specialist about this coin. I'll update when I hear back.
Edited by MikeF
03/17/2017 9:54 pm
Pillar of the Community
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 Posted 03/17/2017  10:09 pm  Show Profile   Bookmark this reply Add OneBowl to your friends list Get a Link to this Reply
"99% of the slds floating on ebay and auctions are garbage."
Hey, I bought a couple of those. Best I could do. I'm actually quite fond of them.

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MikeF's Avatar
United States
3479 Posts
 Posted 03/17/2017  10:16 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Sorry onebowl! My tone was too harsh. What I should have said is that 99% of the slds floating on ebay have altered surfaces. Some are even slabbed in problem-free holders.

I need to learn to tone it down.
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