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1877 3 Cn

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Pillar of the Community
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 Posted 06/20/2014  06:28 am  Show Profile   Bookmark this reply Add CoinsKelly to your friends list


I would put the grade for the obverse at AU. I think I see wear on the high point of the cheek and the hair by the ear. The obverse is pretty well struck - I look forward to seeing the reverse (and possible the rest of them!).

Cheers!
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 Posted 06/20/2014  7:32 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
Are you absolutely sure that it is genuine? It may be the photos or my lack of experience with the series, but something looks off. If it's real, it is a very nice coin.
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 Posted 06/20/2014  10:03 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
I need to pay better attention, 1877 is a proof only year so if this is authentic, it would probably be an impaired proof. Pictures of the reverse would really help.
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 Posted 06/21/2014  12:56 am  Show Profile   Bookmark this reply Add TJsCoins to your friends list
Interesting! Yeah, reverse pics for sure.
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 Posted 06/21/2014  01:44 am  Show Profile   Bookmark this reply Add felix02721 to your friends list
Here is a picture of the reverse, the reason for the change in color is that the front was taken through a glass picture frame. The reverse was taken with the back of the frame removed. Both were taken with different camera's also.

1877-3-Cn
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 Posted 06/21/2014  02:45 am  Show Profile   Bookmark this reply Add aladinslamp to your friends list
I don't care about the camera's... but the luster and detail makes me wonder upon the two sides? AU front and pristene reverse?
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 Posted 06/21/2014  03:15 am  Show Profile   Bookmark this reply Add felix02721 to your friends list
I'll have him take another picture of the front out of the picture frame, so that you can compare both sides, I understand what you mean.
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 Posted 06/21/2014  10:41 am  Show Profile   Bookmark this reply Add Prethen to your friends list
The picture of the obverse if very poor. However, I don't see anything that would make me believe (without seeing it in hand) this to be a counterfeit. That said, the obverse picture gives the coin a very flat look that makes me think that either it has had some rub and no longer PF60+ or possibly cleaned or maybe just not a well struck Proof. Even if not cleaned, the obverse gives no hint that there are strong mirrors. If I were to purchase an 1877 (I do not own one but do have the 1878 and 1886 Proof-only years), it would have to have killer mirrors.

If I owned this coin, I might want to consider letting either PCGS or NGC conserve the coin to bring out the mirrors better and provide an overall better looking coin (the reverse is not all that attractive although it does show some mirrors and natural toning).
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 Posted 06/21/2014  11:23 pm  Show Profile   Bookmark this reply Add felix02721 to your friends list
I spoke with my son about the difference of colors between the two sides. As I stated at the beginning of the thread, the coins were kept in a glass picture frame, the back of the picture frame was wood not cardboard, and the coins were kept in place by that piece of wood for over 50 plus years with no paper behind it to protect the coins, thus the discoloration on the back of the coins. Hopefully, when he has the coins graded, the grading company can also restore the coins to their true color.
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 Posted 06/21/2014  11:48 pm  Show Profile   Bookmark this reply Add OLCoins to your friends list
That's a beautiful coin. I bet the obverse looks better in hand. PR 63
Edited by OLCoins
06/21/2014 11:49 pm
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 Posted 06/22/2014  12:06 am  Show Profile   Bookmark this reply Add felix02721 to your friends list


1877-3-Cn
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 Posted 06/22/2014  12:09 am  Show Profile   Bookmark this reply Add felix02721 to your friends list
These are not the best pictures, taken with a camera phone.

1877-3-Cn
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 Posted 06/22/2014  07:25 am  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
Still a little difficult to judge, but the new pictures are probably more representative of the coin. Based on the new ones, this might not be an impaired proof. If I had to wager a guess based on the new photos, I would put it in the lower end proof scale (61 to 63), which is not a bad range to be in. I think is does have a weak strike that would keep it in the lower range.

To slab or not to slab? IMHO it depends on what your final objective is. If your son wants to keep it for his collection, there is nothing wrong with not slabbing it. If he is thinking about selling it, then slabbing might be a good way to go. There were some interesting results on Heritage in the past couple of years:

February 2013, ANACS PF30, $2585 (I have a feeling this is an outlier but there ya go!)
January 2013, PCGS Genuine (environmental damage), $1410
April 2013, NGC PF63, $1997.50

These prices include the buyers premium so cash is hand is lower.

You mentioned there were other coins in the collection you were considering slabbing. Feel free to post those in new threads. It may not make financial sense to slab them all...and I would get to see additional 3cns!
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 Posted 06/23/2014  02:23 am  Show Profile   Bookmark this reply Add felix02721 to your friends list
Is there a certain year or series of dates that you would like to see?

1877-3-Cn



1877-3-Cn
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 Posted 06/23/2014  06:58 am  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
If it were me and I was thinking about slabbing, on the circulated side, I would defiantly slab 1883, 1884, 1885, 1887. If the 1880, 1882 and 1889 were better grades, I would consider slabbing if they were on the edge of making the higher grade where there is the is a price jump. Believe it or not, the common dates at lower grades can be had for $10 to $20 so they may not be worth slabbing.

I am not as familiar with the proof market so my approach would be to look for the 1886/7 variety and try to figure out where the price difference is.

You will find many opinions here on slabbing. I prefer raw coins and would only consider slabbing if I were selling something that would net a higher value slabbed (but I have yet to sell a coin!). There are others here who slab anything valuable for various reasons (i.e. registry, easier estate liquidation, etc).

As far as posting here, I would recommend those dates I mentioned but feel free to post anything you would like an opinion on. While I mentioned some of the common dates often sell lower, they also often have clashes and some fun varieties.

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