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1849 Seated Dollar - No Motto - Possible Replacement

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 Posted 11/16/2012  2:00 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list
I was doing some poking on the PCGS website seeing how the "other" 1849 Dollars were represented and came up with these numbers;

1849-Seated-Dollar---No-Motto---Possible-Replacement

I did not look for the MS numbers since it is obviously not UNC, but floating somewhere in the AU53-58 range...or am I being biased?
Edited by oih82w8
11/16/2012 2:01 pm
Bedrock of the Community
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10982 Posts
 Posted 11/16/2012  3:19 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
Congrats on buying this coin! I would compare it value-wise to this NGC AU55 that sold for $1,116 last month: http://coins.ha.com/c/item.zx?saleN...5&lotNo=4614
ANA #R3154474
Edited by BH1964
11/16/2012 3:19 pm
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 Posted 11/16/2012  3:39 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list
Heritage is blocked at work, I'll check it out at the house. Thanks.
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 Posted 11/17/2012  12:19 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list
so this is a raw coin that you bought?
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 Posted 12/02/2012  01:03 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list
I finally got it in the mail today. No it's not raw, here is PCGS's image of it;

1849-Seated-Dollar---No-Motto---Possible-Replacement

I find it odd that some of the coins on PCGS have images on their website while other do not and this one does not ahve the Secure Holder which have images taken along with the grading.
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 Posted 12/02/2012  3:46 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list
whats the grade?
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 Posted 12/02/2012  4:08 pm  Show Profile   Bookmark this reply Add Jaymon74 to your friends list
That is a beauty. Congrats on the winning bid. What does it grade?
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 Posted 12/02/2012  7:04 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list
1849-Seated-Dollar---No-Motto---Possible-Replacement

...may need a second opinion via NGC?

http://www.pcgs.com/Cert/26455953/
Edited by oih82w8
12/02/2012 7:05 pm
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 Posted 12/02/2012  7:43 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
This one is a tough call. I would assume you got a significant discount knowing it had been body-bagged. This is a recent PCGS holder so it's highly likely the coin has been submitted before and body-bagged then also.

If you were to try NGC, I would do it raw (crack it out) and hope for the best. Worse case scenario it ends up in an NGC Details holder and you're only out the grading fees.

Some would try to remove the patina and try it again, but I wouldn't.
ANA #R3154474
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 Posted 12/02/2012  11:13 pm  Show Profile   Bookmark this reply Add Kellyk to your friends list
It is beautiful! Are you happy with it now that you have it in hand? Hope so and glad you got it for a decent price.
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 Posted 12/02/2012  11:18 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list
This was one of those "Buy the Coin not the Holder" ordeals. I really like the Dollar and along with the coin, the original (I am guessing) envelope (2 7/8" x 1 3/4") that it was in for who knows how long;

1849-Seated-Dollar---No-Motto---Possible-Replacement

"Description: A well struck, satiny survivor with steel-gray surfaces and a couple of somewhat darker toning streaks evident on the upper left obverse and reverse fields. Free of any large marks or abrasions, with apparently "doctored" surfaces. PCGS# 6936.

From the Elmer C. Welden Collection."


I know this may not hold a whole lot of water;

"...The majority of the Welden Collection was assembled from 1925 through the early 1930s and, prior to being consigned to Stack's Bowers Galleries November 2012 Baltimore Auction, the coins had remained untouched in a Connecticut bank vault since 1973."

As far as doing anything to the coin, other than submitting it through NGC, I would not even attempt to mess with the surfaces, I think that it is beautiful!
Edited by oih82w8
12/03/2012 12:13 am
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 Posted 12/03/2012  12:18 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list

Quote:
As far as doing anything to the coin, other than submitting it through NGC, I would not even attempt to mess with the surfaces, I think that it is beautiful!


Gotcha. I wouldn't either as the coin is quite attractive as is. Being as you bought it knowing it was in a problem holder, the price was fair market retail based on pedigree and eye appeal (looked it up on SB).

If it were mine, a trip to NGC would happen at some point.



ANA #R3154474
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 Posted 12/03/2012  09:26 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list
This was one of the those "found it on one website (Collectors Corner), which led me to S&B" threw down my bid and forgot about it. I read the description and knew that it was a "details" coin, but I was fixated by it. No regrets...it just kinda throws my "with motto" Seated dollar of a bit due to the difference in detail.

Submitting (raw) through NGC will probably happen after the first of the year.
Edited by oih82w8
12/03/2012 10:45 am
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 Posted 12/06/2012  12:23 am  Show Profile   Bookmark this reply Add mkman123 to your friends list
goodluck! I don't do a double take on any coin if its in a problem holder but yours did look nice and I was surprised but I've been surprised many times before :D
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 Posted 12/06/2012  10:04 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list
I will probably wait until early next year to send it in to NGC once I get my ANA membership in gear.
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