| Author |
 Replies: 35 / Views: 2,634 |
Page 3 of 3
|
|
|
|
Bedrock of the Community
Canada
11922 Posts |
|
|
Pillar of the Community
United States
8137 Posts |
Wow, we are all over the place with this one...
AU-50
|
|
Pillar of the Community
United States
3229 Posts |
14 yrs ago AU50; NGC today AU58.
|
|
Pillar of the Community
United States
5854 Posts |
I think NGC graded it AU-58.
|
|
Pillar of the Community
United States
3843 Posts |
AU-55 (Today)
XF-45 (14 years ago)
Probably underestimating grade-inflation though. I was still collecting junk as a teenager in 2002 and didn't even know that grading companies existed since my LCS sold everything raw (probably greatly to their financial advantage).
Edited by Joe2007
08/09/2016 12:06 am
|
|
Pillar of the Community
United States
7375 Posts |
|
|
Pillar of the Community
United States
1096 Posts |
I will say AU55 now and XF 45 14 years ago as well.
|
|
Rest in Peace
United States
18456 Posts |
So what did NGC grade this coin at ?  |
|
Pillar of the Community
United States
6370 Posts |
EF? This is clearly better than that. AU-55, My grade. AU-50, Bill's grade. AU-58, NGC's grade.
|
|
Pillar of the Community
 United States
2843 Posts |
The suspense is killing me......
|
|
Bedrock of the Community
United States
94367 Posts |
That coin would kill you if you paid AU money for it!  |
|
Pillar of the Community
 United States
1499 Posts |
Okay. I bought the coin raw from a collector. We both agreed that it was an EF-45. For those who think that you would have bought this coin with this much meat on it as an EF-40 or "details grade for cleaning" you can dream on. Dealers have been overgraded these coins for years, since I was a teenager in the 1960s. For an EF-45, this is as good as it gets. OR you can play the dealer game when you under grade and over price. I've known a few dealers who have done that over years. You grade it EF-40 and charge full retail + 20 or 30 percent. I sent this coin to NGC. They agraded it AU-58.  I sold it to a want list customer for retail EF-AU money. If you want a full "LIBERTY" on a certified 1877 cent, be prepared to buy one in at least VF-30 or better. Very rarely have I seen examples of this date with a full "LIBERTY" in Fine-12 to VF-20 or 25 holders. I've seen it, but it's unusual. The old time Fine-12 or 15 is now the modern VF-30. Finally for a lot of collectors these days, "some crud is good." This coin probably has not sat in a coin collection for a lot of its life. It may have been in a family hoard. It just so happens that it was stored in such a way that it did not pick up any corrodion. Edited by billjones
08/09/2016 5:41 pm
|
|
Bedrock of the Community
United States
94367 Posts |
I am staggered. No luster, 2 diamonds, evident obverse wear - not a single marker for AU.
I know this date often gets preferential treatment at NGC (I have benefitted myself on a 35 that deserved a 20 at best), but this is a new low (or should I say high).
Thanks for your insights as always.
|
|
Pillar of the Community
United States
6370 Posts |
Quote:
I am staggered. No luster, 2 diamonds, evident obverse wear - not a single marker for AU. I see plenty of luster, especially on the reverse. |
|
Pillar of the Community
United States
1499 Posts |
This date gets preferential treatment from PCGS too, just not as much.
|
|
Page 3 of 3
|
Replies: 35 / Views: 2,634 |
Page 3 of 3
|
First Page
Previous Page
Posted 08/08/2016 10:22 pm
