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1795 $1 Flowing Hair (Authenticity Validation)

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Conder101's Avatar
United States
17884 Posts
 Posted 09/30/2017  09:07 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
The swirls at the base of the letters on the OP coin appear to be inconsistent when compared to the certified examples.

By "swirls" I assume you mean the unevenness of the bases of the letters, especially diferences below the uprights of the letters. This is normal variation caused during striking. It is called bifurcation. Since the metal moves outward during the strike the letters tend to fill from the outer edge inward. If the strike pressure ends before the letter fills completely you get those dimples at the bottom.
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cableguy815's Avatar
United States
414 Posts
 Posted 10/10/2017  11:17 pm  Show Profile   Bookmark this reply Add cableguy815 to your friends list Get a Link to this Reply
OK folks... after much ado the verdict is finally in. The coin is in fact a genuine article

As many of you have suspected, it did receive a details holder - XF Details to be exact with the reasoning being "repaired".

https://www.NGCcoin.com/certlookup/.../NGCDetails/

And now, the million dollar question of "What to do with it?" I'll have to give it some thought but my initial inclination is it will probably wind up on the chopping block
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MikeF's Avatar
United States
3479 Posts
 Posted 10/10/2017  11:24 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Congrats bro! Where exactly was it repaired.
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cableguy815's Avatar
United States
414 Posts
 Posted 10/11/2017  12:12 am  Show Profile   Bookmark this reply Add cableguy815 to your friends list Get a Link to this Reply
I have no idea; it doesn't specify. I looked at the coin closely and so did the specialist at heritage and neither of us saw any signs of repair. The only thing I can think of is perhaps the surfaces were whizzed or worked on, which would explain the missing scratch next to the hair, and then the coin artificially toned (the Heritage specialist did say the tone looked unnatural). I imagine a job that aggressive that it would remove the scratch would be fairly easy to spot... Is there a way to find out which areas of the coin were repaired?
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MikeF's Avatar
United States
3479 Posts
 Posted 10/11/2017  12:19 am  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
I would put in a phone call to NGC. I don't send coins in for grading very often but I would find it hard to believe that NGC wouldn't be willing to identify the area where they believe the coin was repaired.
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861 Posts
 Posted 10/11/2017  02:46 am  Show Profile   Bookmark this reply Add g048406 to your friends list Get a Link to this Reply

Quote:
Where exactly was it repaired.


I said it before and I'll say it again....."XF details-repaired, the bar was removed through surface repair."
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BH1964's Avatar
United States
10982 Posts
 Posted 10/11/2017  06:24 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Congratulations. Turns out your $3,600 purchase is market correct for an XF Details piece.
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Andrew99's Avatar
United States
1533 Posts
 Posted 10/11/2017  07:35 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
I did suspect that was a possibility, as that die scratch is prominent on even G-4 specimens. A good loupe with a strong light should show the metal lines flowing around in an un-natural fashion when the surfaces have been worked on. Whizzing is too easy to spot as there will be un-natural flowing luster and you don't see that on your coin, I presume. There may have been some grafitti that was removed in the left obverse field and then smoothed over which would remove the die scratch as well. All in all for $3,600 you still did ok.
Edited by Andrew99
10/11/2017 08:57 am
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edweather's Avatar
United States
7375 Posts
 Posted 10/11/2017  09:04 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Congrats on the coin being genuine. What a relief.
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BigSilver's Avatar
United States
2843 Posts
 Posted 10/11/2017  10:18 am  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
Congrats. I followed this saga from the beginning and I am happy to hear it end nicely.
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cableguy815's Avatar
United States
414 Posts
 Posted 10/11/2017  10:46 am  Show Profile   Bookmark this reply Add cableguy815 to your friends list Get a Link to this Reply
Thank you all for the support and the highly informative & educational discussion. My knowledge of US coins grew by leaps and bounds over the course of this little adventure.

@G048406 I believe you are correct sir and were correct all along. SupperDdave's trust in your knowledge seems well deserved.
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edweather's Avatar
United States
7375 Posts
 Posted 10/11/2017  2:32 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Pacificoin was confident too.
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 10/11/2017  5:27 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Thanks Ed . The reason I was confident was the fact I was in London for the recent Coinex and had a chance to see all of the Early US Dollars that were in the auction by DNW . All were "problem Coins" to one degree or another and came from the same source. That said the 1795 bought by the OP was a decent buy and was indeed the best of all the Dollars in the sale.
The picture of the one I posted above ( NGC VF25 straight Grade ) was purchased by myself from a well known London Dealer After Coinex . Have to say the inspiration to buy it came from the original poster and the viewing of the Dollar Lots from the auction. I paid 3400 pounds for my 1795 Flowing Hair plus a very pleasing raw 1809 IIII Edge Bust Half which should come back from NGC as A lock ExF 45 shot 50 .
I certainly think the OP is AOK at what he owns the EXF Details 1795 at . Cheers!
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cableguy815's Avatar
United States
414 Posts
 Posted 10/11/2017  6:02 pm  Show Profile   Bookmark this reply Add cableguy815 to your friends list Get a Link to this Reply
@Pacificoin Glad to be an inspiration Do post a pic of that capped bust half, don't be shy.


Quote:
All were "problem Coins" to one degree or another and came from the same source


Seems you know quite a bit more than I do. What source are you referring to?

As for my purchase, I knew exactly what I was getting myself into. As I said before, this was a gamble which unfortunately didn't pay off. That said, I am certain I can recoup my $3,600 or $3,700 with minimal loss (if at all) should I chose to do so. This is not a "bad" coin, it is just not as appealing to me as I hoped it would be based on the initial picture. Lord knows there are FAR uglier flowing hair dollars out there.

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Pacificoin's Avatar
Canada
5394 Posts
 Posted 10/11/2017  6:25 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
The 1809 half is getting sent to NGC with other US I bought recently will be awhile.
I am certain you will come out AOK on your Flowing Hair. As you say there are a great many way , way worse!
In all my years of being a dealer , can count on two hands the number of nice Early Flowing Hair and Bust Dollars I have handled . Most have cleaning or damage problems .
As to the source , no names but there are more than a few collectors of neat stuff like Early Dollars and Type who just never went that little extra stretch for quality for very little extra money at the time. That is why you can throw out catalogues and price guides when a truly nice original example comes along.
On the other hand nice Bust halves do show in Canada on occasion. I just love to squirrel away nice ones.
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