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Grade Considerations For 1879 Dime (Ebay Snipe!)

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fortcollins's Avatar
United States
3641 Posts
 Posted 03/13/2021  6:21 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
Looks like a nice one! I'll join the EF-45/AU-50 parade.
Valued Member
Canada
242 Posts
 Posted 03/18/2021  3:26 pm  Show Profile   Bookmark this reply Add Loruca to your friends list Get a Link to this Reply
It's here!
In hand, I'm at XF-45. Is it worth a TPG submission?


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Adam_E's Avatar
United States
4846 Posts
 Posted 03/18/2021  3:54 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
It really depends on what you want to do with IMO. If you wanted to flip it, you may be able to get enough for it raw that the grading costs wouldn't outweigh the potential revenue increase.

Personally I'd try and market it raw first, if it doesn't get what I expect it to sell for if it were graded minus the cost of grading, I'd send it in.
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Ty2020b's Avatar
United States
4680 Posts
 Posted 03/18/2021  4:44 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
if your intent is to sell. If you plan on keeping it, the choice is yours! I'd say your well in the clear to justify grading costs based on the value of this one. Personally, I would unless it was going to fill an album slot, but there's plenty of others that don't slab anything.

Agreed on XF, just misses AU

Nice score, congrats
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fortcollins's Avatar
United States
3641 Posts
 Posted 03/18/2021  8:19 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
Another classic example of what I hope someday will become EF-48. Nice coin, and a great find!

Your coin may be 1879 F-105. The pics are a tad blurry, but I think I see the repunched date and reverse die crack. The date position looks very close, and the design defect above the shield looks spot on.

EDIT: If you are going to slab it, ANACS might be a decent and less expensive way to go. Their variety attribution service is decent, and having the Fortin number attributed might boost variety collector interest if you decide to sell. The grade range seems pretty tight, an I don't see any of the major TPGs going wide here.
Edited by fortcollins
03/18/2021 8:22 pm
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panzaldi's Avatar
United States
18657 Posts
 Posted 03/19/2021  09:56 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
too much light in the new photos but I'm still AU50 on this one. edges of devices are just too sharp and not enough wear imo to knock it to XF.
Valued Member
Canada
242 Posts
 Posted 09/02/2022  10:02 pm  Show Profile   Bookmark this reply Add Loruca to your friends list Get a Link to this Reply
Hello - on the heels of it's return from NGC, I can confirm:
AU53!
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Ty2020b's Avatar
United States
4680 Posts
 Posted 09/02/2022  10:29 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
They were a bit generous on the grade IMO. Regardless, congrats! Heck of a score.
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kbbpll's Avatar
United States
4233 Posts
 Posted 09/02/2022  10:50 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
I love it when a thread gets updated from the OP a year and a half later. Thanks! So what was the price of the lot? The original auction link is lost to ebay oblivion. I also enjoy learning something new - for a mintage of only 14,000 it's interesting how narrow the value range is on these from XF45 through MS63. NGC explains:
Quote:
The total lack of demand for additional dimes in circulation left the U. S. Mint with a quandary. Should it coin proofs alone and risk having these become instant rarities that were exploited in the secondary market, or should it produce just enough currency strikes to satisfy collector demand? Director Horatio Burchard opted for a modest mintage of non-proofs so that collectors could obtain dimes of the current year at face value. This practice remained in effect for dimes through 1881, after which time normal mintages resumed. A mintage of 14,000 pieces would normally result in a rare issue, but a substantial percentage of this mintage was picked off by speculators immediately. Mint State pieces, even gems, are disproportionately common in relation to circulated examples, which are indeed rare. This explains the narrow value range across all grades below MS 66.
Edited by kbbpll
09/02/2022 10:51 pm
Valued Member
Canada
242 Posts
 Posted 09/02/2022  11:15 pm  Show Profile   Bookmark this reply Add Loruca to your friends list Get a Link to this Reply
Thanks Kbbpll For posterity's sake, the price of the lot was such that I did not pay significantly more than scrap value for the dime!
Quite an interesting story, thanks for copying it over!
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westcoin's Avatar
United States
9792 Posts
 Posted 09/03/2022  03:39 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Nice that they gave an AU grade to you. Is it the F-105 RPD and did you get the Variety Plus designation added to the label if so?
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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TobyJ's Avatar
United Kingdom
1273 Posts
 Posted 09/03/2022  06:01 am  Show Profile   Bookmark this reply Add TobyJ to your friends list Get a Link to this Reply
I said AU50 last year and I don't see anything wrong with them giving AU53. Congrats! Sometimes the coin can be better judged in hand. I got an AU55 for a quarter that everyone said was vf35 5o xf45, but in hand I secretly thought it was AU.
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IndianGoldEagle's Avatar
United States
36738 Posts
 Posted 09/03/2022  11:07 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
AU-53 seems fair for this one. Nice coin.
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