Guess The Grade *seated Dollar*

Received today. Looks even better than I expected. The first photos I posted are pretty much accurate, I would say it even looks better in hand. Here's the best I could do taking pics, may try some better ones later.

Updated pics.

Well it's not really a fair evaluation. You have a Seated dollar which apparently has hairlines fron a cleaning. Then there is a 2nd set of photos with vivid colors and no signs of hairlines or surface issues.

The coin was photographed hiding the hairlines. This is why for pieces in an auction many people like[d] to see the coin in person, or at least phone up and talk to someone who has the actual coin in hand.

I thought the coin was a 65 from the 1st set of photos.

I've seen a handful of proofs from this era trade over slab grade on bourse floors. Most of those are nickel Treys and Shields, and involve a lot less money, but it happens.

In those cases, the market made a price adjustment to perceived grade, and ignored the slabbed grade. Again, the difference was that the price differentials weren't huge (around $100-$200), and the free market handled the eyeball regrades.

I'm not saying that's what occurred here, but it does happen, and proofs from the 1870s and 1880s and mid-grade large cents are where it seems to happen.

"Why would you think that this LSD is not properly graded after being around for 25yrs in the same TPG holder and passing through three auction houses and viewed in hand by hundreds of collectors, dealers and specialists and not one of them putting their money on the line for a an upgrade ?"

Excellent explanation by Everest!

Having viewed many Seated dollars in person from 1982 to 1994, in an effort to buy a nice ms business strike, I never found an undergraded one. The price differential between ms61 and ms65 is so steep for these that grading-savy dealers crack out any borderline coins and resubmit them internminably until they strike the next higher grade. Perhaps those are mint added die polishing lines: in which case they should not be a detraction or perhaps they're hairlines from cleaning which is indicative of the 61 grade. Very hard to tell from an on-line photo.

Also I was looking at MS coins not proofs which are quite different in terms of rarity.

I'm going for a 66. You said no problems: thus I'm assuming no hidden hairlines or other stuff. A late date Seated dollar & a beautiful coin.

I really don't know it could be nicer but I'll guess PF-66.

HIt the grading books, Gallienus.

Although I agree, your personal believe makes no difference in the marketplace. Only the opinion of the slabbers make a difference. If you don't like it, don't buy it!

"Problem coin" is also a highly subjective term. Some may be more than willing to put an impressive, although hairlined, proof Seated dollar in their collection!