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1858/7 Flying Eagle Cent- Fresh From PCGS!

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Russian Federation
961 Posts
 Posted 08/10/2022  04:49 am  Show Profile   Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
My congratulations. Thanks to you, I learned a little more about flying eagle coins.
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United States
5806 Posts
 Posted 08/10/2022  12:18 pm  Show Profile   Bookmark this reply Add CoinHunter27 to your friends list Get a Link to this Reply
I'm glad to hear it Slerk! Really an amazing series to collect, lots of history within it and so many excellent varieties.

-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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United States
819 Posts
 Posted 08/10/2022  12:19 pm  Show Profile   Bookmark this reply Add MisterT to your friends list Get a Link to this Reply
I think this is severely undergraded. The reverse is a bit lacking which I could see bringing it down to F-15 as a net grade. The obverse is certainly better than VG. I was on the fence between F-15 and VF-20 for the obverse. The wing detail, head detail and the breast detail match PCGS photograde for VF-20. The factor I noticed that could down grade the obverse was the lack of detail in the tail feathers. Nice to have a scarce variety formally attributed but I think they messed up on the grade in my opinion.
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United States
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 Posted 08/10/2022  12:28 pm  Show Profile   Bookmark this reply Add CoinHunter27 to your friends list Get a Link to this Reply
I was surprised with the grade myself. I was thinking F-15 was a solid grade for this piece but I guess they decided otherwise. The reverse of 1858/7's is always very weakly struck on the right side, even on UNC coins and that seems to throw PCGS off a bit I think.

-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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United States
819 Posts
 Posted 08/10/2022  1:35 pm  Show Profile   Bookmark this reply Add MisterT to your friends list Get a Link to this Reply
Here is an ebay auction for a NGC graded VF Details example. The reverse details may be slightly better but the obverse of the OP's coin looks the same if not better than the NGC coin.
https://www.ebay.com/itm/144662721736
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United States
5806 Posts
 Posted 08/10/2022  4:44 pm  Show Profile   Bookmark this reply Add CoinHunter27 to your friends list Get a Link to this Reply
I agree the obverse looks VF. I thought initially I would get F-15 and I compared my coin to many examples thinking I was right. I am confident in my ability to grade FEC's and I believe it is under-graded as well.

-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
Valued Member
United States
114 Posts
 Posted 08/10/2022  8:15 pm  Show Profile   Bookmark this reply Add apcol258 to your friends list Get a Link to this Reply
Just personal observation, but I have noticed that when you send a coin in to PCGS as raw with variety attribution they tend a lot of the time to be harder on it than if you just send in without the request for variety.
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 Posted 08/10/2022  8:22 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I strongly disagree with this this grade. for what little it's worth. Fk'ing VG-10?!
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United States
5806 Posts
 Posted 08/10/2022  9:49 pm  Show Profile   Bookmark this reply Add CoinHunter27 to your friends list Get a Link to this Reply

Quote:
when you send a coin in to PCGS as raw with variety attribution they tend a lot of the time to be harder on it than if you just send in without the request for variety


Funny enough, they didn't label this properly with the variety the first time. I had my form labeled correctly and I asked for the variety label, but It was slabbed up a regular 1858 large letters anyways.

At this point PCGS still had the coin, so I sent them side-by-side images of a PCGS certified 8/7 example and my example and they admitted it was an error that they didn't include the variety. They fixed it within a few hours and the new slab was correct, as you saw with the slab image above. So it was a VG10 to them variety or not.

I think unfortunately it's just undergraded. I may go through the process someday to have the grade re-considered but for now I'm content. Hopefully I'll be able to upgrade it sometime anyways since my goal for my set was most coins to be in VF-XF.

-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
Edited by CoinHunter27
08/10/2022 9:50 pm
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Russian Federation
961 Posts
 Posted 08/11/2022  04:29 am  Show Profile   Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
I looked at the PCGS price table and I must say that the difference in the value of coins between VG-10 and F-12/15 is minimal. I think you should not waste money and time on revaluation of the coin.
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United States
819 Posts
 Posted 08/11/2022  12:04 pm  Show Profile   Bookmark this reply Add MisterT to your friends list Get a Link to this Reply
On the plus side the stated grade should make it an easy re-sale down the line. Any saavy collector would take one look at that and consider it a bargain for the under grade given.
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 Posted 08/11/2022  12:09 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Definitely under graded.
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 Posted 08/11/2022  12:16 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
VG-10 is a joke.
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United States
5806 Posts
 Posted 08/11/2022  1:14 pm  Show Profile   Bookmark this reply Add CoinHunter27 to your friends list Get a Link to this Reply
Thanks all! I probably won't resubmit this one just because having the variety correctly attributed was my main desire for this piece. As long as I have the variety in my collection, that's what matters to me. I can upgrade it in the future, which is what's likely to happen if I don't cherry-pick another in higher grade.

As a solid piece of my FEC collection, it'll likely remain in my collection even if I get an upgrade for my registry. It's an attractive example of a really nice overdate and I'll always be happy to have multiple of a rare variety in the collection.

-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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