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You Vs. NGC 1908 Indian $5 Gold Piece

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Valued Member
Canada
314 Posts
 Posted 01/17/2019  9:40 pm  Show Profile   Bookmark this reply Add eternallogan to your friends list
Sorry, but you guys were way off on this one. Don't think I've seen it this bad before

You-Vs.-NGC-1908-Indian-$5-Gold-Piece
Pillar of the Community
United States
1023 Posts
 Posted 01/17/2019  9:53 pm  Show Profile   Bookmark this reply Add Jon Brand to your friends list
Hate to say it but I think its way overgraded, unless the reverse wear is just the images.
Valued Member
Canada
314 Posts
 Posted 01/17/2019  9:58 pm  Show Profile   Bookmark this reply Add eternallogan to your friends list
I think my images are pretty sharp, it's just hard to imagine NGC would overgrade by that much
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United States
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 Posted 01/17/2019  10:17 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list
I would have given it EF-40.
Pillar of the Community
United States
1023 Posts
 Posted 01/17/2019  10:58 pm  Show Profile   Bookmark this reply Add Jon Brand to your friends list
IT seems more accurate when you showed the full slab shot. Can you take a pic like that of the reverse?
Valued Member
Canada
314 Posts
 Posted 01/18/2019  12:52 am  Show Profile   Bookmark this reply Add eternallogan to your friends list
I will when I get home tomorrow. Although I don't see why a less clear picture would provide greater clarity on the condition of a coin. (Genuinely asking, not trying to be snarky).
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United States
18696 Posts
 Posted 01/18/2019  11:00 am  Show Profile   Bookmark this reply Add panzaldi to your friends list
there is no way I would pay anything even close to AU money for this coin. imo its overgraded. grader needs new glasses
Valued Member
United States
261 Posts
 Posted 01/18/2019  11:49 am  Show Profile   Bookmark this reply Add gotboostedvr6 to your friends list
Soft strike.

Its missing a CAC stocker ;)
Valued Member
United States
269 Posts
 Posted 01/18/2019  1:21 pm  Show Profile   Bookmark this reply Add iontyre to your friends list
Wow. Than my 1911D is at least AU, I haven't gotten it graded since I thought it was only a VF or maybe EF, but it is way more detailed than the coin here. Might actually get me $2000 or so.
Valued Member
Canada
314 Posts
 Posted 01/18/2019  2:31 pm  Show Profile   Bookmark this reply Add eternallogan to your friends list
Wow that's a lot! This is the most I've paid for a coin (college budget). But after reading the recent comments, I'm seriously considering flipping it.
Tbh I thought it was overgraded as well...just not 25 points overgraded
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Australia
21788 Posts
 Posted 01/18/2019  4:47 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
I my first response in this thread, I admitted that I may be liable to make a grading mistake.

It is very interesting to read the hindsight comments after the slab grading was revealed.
I happen to agree with most of those hindsight comments.

There is a little more of a lesson be be taken this story.
If you get back a very generous slab grading, it may be well worth a 'try on' to sell the slabbed piece, and if you are lucky, for a decent profit.


Moral (often quoted):
"Buy the coin, not the slab".
Valued Member
Canada
314 Posts
 Posted 01/19/2019  01:21 am  Show Profile   Bookmark this reply Add eternallogan to your friends list
Jon Brand, here's the image of the reverse with the slab you asked for.
And sel, yes these comments are making me consider flipping it.
You-Vs.-NGC-1908-Indian-$5-Gold-Piece
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United States
1023 Posts
 Posted 01/19/2019  01:30 am  Show Profile   Bookmark this reply Add Jon Brand to your friends list
Thanks for image. Yea tough one. Even if there was oil in the strike it seems more like rub then weakness. I still think its overgraded. The color is nice but since you paid just a hair over melt its not the worst thing in the world. But yeah may wanna sell it and add a buck or two and get a nicer example./
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Canada
683 Posts
 Posted 01/19/2019  01:39 am  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list
Tbh, EF-40 seemed generous, but AU-55?¿?! I thought it would take at least another 10 or so years before gradeflation got this bad.
Valued Member
Canada
314 Posts
 Posted 01/19/2019  02:34 am  Show Profile   Bookmark this reply Add eternallogan to your friends list
I would've bought it for the price I paid even if the slab had read XF40, so I'm not in tears over it. I'm more interested in getting to the bottom of how it could have been THAT overgraded; has anyone seen a worse example from NGC?
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