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 Replies: 18 / Views: 3,973 |
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Pillar of the Community
Canada
1620 Posts |
Beautiful coin! Looks much better than SP-62
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Pillar of the Community
United States
883 Posts |
title does not disappoint - that is a long story - but an interesting one.
The end result is a remarkable difference. I'm guessing you are thanking whoever put the lacquer on it as it most likely preserved it.
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Valued Member
Canada
321 Posts |
Quote:
I'm guessing you are thanking whoever put the lacquer on it as it most likely preserved it. 1947 and 1947ML specimen set were all lacquered at the mint with no exception as far as I know... they even lacquered the 5c ! Edited by Dollar 1935
02/14/2023 09:58 am
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Pillar of the Community
 Canada
5394 Posts |
Fantastic result !
As to being in an unmarketable holder
.ignore that mantra!
ANACS coins sell quite well . Don't
Listen to anyone who says otherwise .
Over the last two to three years , they
Have been far and away the most conservative
Of all three of the US services .
Best advice .buy the coin not the holder .
In my personal opinion the only thing better about
PCGS and NGC over ANACS.their marketing departments.
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Bedrock of the Community
Canada
24885 Posts |
Very nice coin !  |
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Pillar of the Community
Canada
9162 Posts |
Great story and very nice outcome, the coin does look better than a 62
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Valued Member
Canada
289 Posts |
That's very cool! Conservation turned out great. I agree, looks much, much nicer than 62.
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Pillar of the Community
Canada
999 Posts |
Beautiful coin. I enjoyed reading your story.
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Pillar of the Community
 Canada
5589 Posts |
Now I don't collect "bright and shinies" but it looks to me like better than 62. But once a coin gets above 60, I'm lost and it's why I collect AU coin as my top of the line. Congrats, nice coin, but I know nothing about straight or curved 7's.
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Pillar of the Community
 United States
4233 Posts |
Thanks for the replies. Quote:
1947 and 1947ML specimen set were all lacquered at the mint with no exception as far as I know... they even lacquered the 5c ! I did not know that! Explains why others I've looked at have a similar appearance as far as the pits and bits, likely only in the lacquer as well. Quote:
The bad news is it is in an unmarketable holder.
If you ever want to sell it and receive a decent price you will have to resubmit it to PCGS. I'm not sure why I'd want to send it back to the company that graded it wrong in the first place. Regardless, I'll never sell it. "Unmarketable holder" is a rather absurd generalization. Most of the other coins graded 1-2 points lower than I was expecting. Quote:
I know nothing about straight or curved 7's Coming from you that surprises me. Seems like it's pretty well known as a rare variety, particularly in circulation strike. One thing I didn't mention is that the Cook provenance is now gone. I don't know if that's good or bad, since he had a reputation for ruining coins. He didn't record where he got it from either. |
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Valued Member
Canada
289 Posts |
Removing the Cook provenance is all positive imho. I'll remove it from any coins I buy with his name on them too over time. The guy was a butcher.
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Pillar of the Community
Canada
557 Posts |
Excellent story and thx for sharing. Your details about ANACS are a definite booster for this TPG. |
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Pillar of the Community
United States
7621 Posts |
Quote:
In my personal opinion the only thing better about
PCGS and NGC over ANACS.their marketing departments.  ! Always buy the coin, not the plastic! The coin will stand on its on merits no matter what holder it's in! |
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Valued Member
Canada
402 Posts |
Hi
just to give a way to compare and understand the relative rarity / desirability of a curved 7 1947ML these prices (from canadaandcoins.com) will give those not familiar with the coin an idea
Variety
1947 - Straight 7 - Maple leaf AU-50 / $170
1947 - Curved 7 - Maple leaf AU-50 / $5,600
although it seems SP grades up to 66 are lower priced than AU coins
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Pillar of the Community
United States
4233 Posts |
Yes, the circulation strikes on these are relatively more valuable. VF35/XF45/AU50 coins have sold in the $US2500-3500 range on Heritage over the years, which gets you an SP62-63 for the same money. MS61 and MS63 examples have both sold for $US13800 quite a while ago, 2010 and 2006. The max I've seen for specimens is $US8337.50 SP67 sold 2005 and $US8225 SP66 sold 2015, price likely due to the toning. The latter is listed on PCGS as the max auction record. A specimen set sold for $US10575 containing an SP66, but it's hard to gauge what value the 50c had out of the set. I don't know what ICCS shows in their pop report, but PCGS has 49 circulation strikes graded, max MS63. They have graded 30 SP, with 3 in SP67. NGC has 7 circulation strikes, max AU53, and a whopping 1 in SP at SP65. ANACS has graded 5 problem-free and 1 XF Details. They don't break out MS versus SP so I think their #1 pop in 62 is my coin (the only coin in mint state). ANACS has however graded many Canadian 50c in other years (1948 shows 103 graded and many of those must be specimens) so they're not unfamiliar with grading these. I'm including these details in case anyone is interested. Quote:
Removing the Cook provenance is all positive imho. I'll remove it from any coins I buy with his name on them too over time. The guy was a butcher. I'm glad it's not just me. This UNC Details - Repaired sold in the same Cook auction for $1800. https://coins.ha.com/itm/canada/wor...bnail-071515. Whoever did that "repair" slaughtered the coin. However, I saw it sell on ebay shortly afterwards for a significant profit, and I recall seeing it sell again a bit later again for a profit. I wish I had recorded the specifics of those sales. Mine now carries the Smutny provenance, in honor of my grandfather. |
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Posted 02/14/2023 08:40 am
