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 Replies: 25 / Views: 2,558 |
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Valued Member
United States
321 Posts |
The thing is, this coin is 173 years old. It has no toning whatsoever.
There is an almost 100% chance that the coin has been dipped.
TPGs seem to like dipping though.
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Bedrock of the Community
United States
10982 Posts |
Quote:
1. The price is not right. If buyer was asking about $500 less, I would jump on it. I viewed the listing as well and agree the $1700 asking price is over retail. And yes, for $1200 it would be a great deal. |
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Pillar of the Community
United States
946 Posts |
Just bought one myself as well for my type set. It's at PCGS right now hopefully maybe sneak another grade or two higher out of the crossover   |
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Pillar of the Community
United States
1499 Posts |
The PCGS "Coin Facts" retail price is $1,650 for this coin in AU-58. In order to rate that number, the coin should be REALLY nice for the grade. This coin has been dipped successfully, at least for the moment, and therefore it has a whitish color that you might like.
There are two problems with that. First, coins that have been worked on like this are out of favor right now. Collectors want "original," which might be "original now" because the coin has re-toned after it was dipped. At any rate this coin will never look "original" again in my opinion given its current look.
Second, this coin might not be stable. The slab looks to be a new "thick" PCGS holder, and the dipping may have been done recently. The new toning might be attractive, or it could come from an improper rinse after it was dipped and look horrible.
Overall I'd say the asking price is too high for the coin has it is. If this is the look you like, I'd try to find a piece in an old holder that has demonstrated that the coin is stable.
A better alternative would be to adjust your eye and think about a coin with original and original looking toned surfaces. Silver coins that are more than 170 years don't look like this unless they have been "helped."
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Pillar of the Community
United States
6370 Posts |
Quote:
It's at PCGS right now hopefully maybe sneak another grade or two higher out of the crossover It won't. There is obvious circulation. If they do grade it higher, then they would be wrong. I wouldn't feel comfortable having an AU coin in an MS slab. Gotta love gradeflation. |
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Pillar of the Community
United States
1499 Posts |
Quote:
Just bought one myself as well for my type set. It's at PCGS right now hopefully maybe sneak another grade or two higher out of the crossover
It won't have a chance of an upgrade unless you take a chance, crack it out and send it in raw. Even if you do get the higher grade, PCGS coins bring higher prices, so you might no gain anything except on the NGC registry. NGC has thrown the dice has ended the posting of PCGS coins on their registry. They think it will increase the demand for their coins, but I doubt it. There are a fair number of nice coins in NGC holders, but two factors limit their numbers: 1. A great many of the properly graded NGC coins get crossed over to PCGS. 2. NGC grading standards are in general lower than PCGS standards. You can't make that a blanket assumption. You have to grade each coin on a care by care basis, but overall that is true. |
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Pillar of the Community
United States
946 Posts |
I didn't send it in with the sole purpose of attaining a higher grade. I just need it a secure slab so I can add it to my registry set along with 3 other non PCGS slabbed coins. Think the coin will look much better in a secure slab as well. Not worried about the grade as I bought it for a no motto type dollar that has IMO has older skin tone to it.
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Bedrock of the Community
United States
94367 Posts |
Beautiful example in any event!
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Bedrock of the Community
United States
12057 Posts |
Anecdotally, NGC seems to be firming up a bit lately on grading. They've also announced today a 50% off Crossover Special, where any PCGS coin sent to them that you cross over to an NGC holder (either as an Any or at a minimum grade) will be priced 50% off for whatever service level you chose for that coin.
If you currently have coins @ NGC for crossover you should call them and tell them to apply the special 50% off to your order if possible.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
6370 Posts |
I have a PCGS coin that needs a crossover. Is anyone doing a submission I can piggyback on?
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Bedrock of the Community
 United States
11917 Posts |
Thanks for all your helpful responses. A lot to think about.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
1499 Posts |
The main thing to think about at this point is that $1,700 is too much money for this coin in AU-58. If you like the look, you should be able to find another one for less money.
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Valued Member
United States
484 Posts |
I do not see evidence of a cleaning. Some rub on the highpoints. AU58
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Pillar of the Community
United States
3843 Posts |
OP: I don't think I'd spend that kind of $$$$ with those images. It doesn't show the surfaces that well and it looks heavily dipped. Technical AU-58 but I doubt it would command that much since it is not original and that is what many collectors are going for currently.
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Bedrock of the Community
United States
36905 Posts |
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Replies: 25 / Views: 2,558 |
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Posted 12/20/2016 12:04 am
