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 Replies: 23 / Views: 3,794 |
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Valued Member
United States
76 Posts |
I would call this VF35 details/damaged
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Pillar of the Community
United States
3283 Posts |
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Moderator
 United States
16679 Posts |
If I graded this coin, I' d say AU53.
I still believe a Genuine holder.
swcoin.ecrater.com
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Pillar of the Community
 United States
753 Posts |
Here it is! A PCGS problem free VF(30). I actually would have called it EF(40) with scratches myself--does this mean that PCGS decided these marks are planchet flaws? Was it net graded (even though PCGS claims that they do not net grade)? Maybe some of you can help me shed some light on how to distinguish planchet flaws from surface damage... And how would I value this? At a "typical" VF(30)? This coin's detail is what drew me in--and I have a hard time thinking of it as "typical" for its grade. What are your opinions?  Edited by Adam590
11/02/2010 10:16 pm
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Bedrock of the Community
United States
10982 Posts |
Wow! That one was "silently" net graded down about 20 points! I don't believe PCGS thought those were planchet flaws. If they are, the grade should be much higher. Bust coinage gets some breaks and this is a good example of that. Although lightly struck in a couple areas, this piece did not circulate much at all. If you got it for VF money, you did well.
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Moderator
United States
23522 Posts |
O, what a wonderful coin.
I say that PCGS thought the marks to be incidental to normal circulation, and conservatively downgraded the coin due to the prominent areas in which these marks were located. The remaining details certainly exceed the numerical grade. It is, to me, heartening, signaling a return to grading the coin and not the market.
I assure you, the slab/grade will not detract from the resale value of the coin, because its' virtues are obvious to anyone who understands the issue. This one, if offered, will sell at the very top of the VF30 market.
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Valued Member
United States
273 Posts |
Quote:
And how would I value this? What type of a value are you trying to assign? Resale? Insurance? Just for yourself? I'm sure if you went to sell it you would probably get a premium over a regular VF30, because the details are definitely stronger than VF. |
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Valued Member
United States
438 Posts |
No net grading... humbug!
Anyway, we all agree it is a nice piece.
As for a value, I sell VF-30 Bust dollars at $2800.
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Pillar of the Community
United States
753 Posts |
Canadanz: Let's go with resale and just for myself--I may want to end up getting a 1799/8 specimen instead, although this was too good of a deal for me to pass up. Thanks.
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Moderator
United States
16679 Posts |
PCGS is known for being tough but VF30!
I would resubmit this coin. I remember submitting to PCGS 20 years ago when they graded coins semi-accurately. They must have new graders with 5 years collecting and grading experience tops. Seems like it to me at least.
swcoin.ecrater.com
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Valued Member
Philippines
386 Posts |
Whew, your coin is much nicer than a mere VF.
It would easily fetch EF if not AU.
All is gain in resubmitting it to PCGS.
Nothing to loose...
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Pillar of the Community
United States
753 Posts |
Vermontensium and Pandesalapi: Thanks for your advice. I would fear that this time PCGS may actually put it in a "Genuine" slab though. Is this the kind of coin that we might want to bear the scarlet letter of a "Genuine" slab? (I am asking the question sincerely, not trying to mock anyone)
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Bedrock of the Community
United States
10982 Posts |
Quote:
Vermontensium and Pandesalapi: Thanks for your advice. I would fear that this time PCGS may actually put it in a "Genuine" slab though. Is this the kind of coin that we might want to bear the scarlet letter of a "Genuine" slab? (I am asking the question sincerely, not trying to mock anyone)
I'd keep that coin right where it is, tucked inside it's sweet little problem-free, VF30 holder. Sure it's got EF/AU details but it does have some issues too. VF30 is the price PCGS thought it was worth. Not the technical grade. |
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Valued Member
United States
273 Posts |
Leave that coin right where it is. Do NOT resubmit to PCGS!
And I can't really tell you where to value it. You'd definitely pull stronger than usual VF-30 money, maybe VF-35 money ... and if you were luck get close to XF money. The details are definitely there, but as stated above, this coin does have it's problems so a resubmission would be a bad idea.
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Moderator
United States
16679 Posts |
I would have to agree with bherring1964 and canadanz after reflecting a second time Adam590. It would be much wiser keeping it in that problem free slab for now. The benefits of keeping it in that holder, albeit undergraded IMO, outweigh the risks of resubmitting only to have PCGS throw it in a problem slab. Do those marks on the obverse warrant it being put in a "Genuine" holder? What side of the bed did the graders wake up on this morning? I stand corrected on this one ;-)
swcoin.ecrater.com
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Posted 11/02/2010 3:55 pm
