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1877 Indian Cent Newp To Grade

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Pillar of the Community
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 Posted 07/24/2011  5:44 pm  Show Profile   Bookmark this reply Add busthalf to your friends list
VG-8 Not a chance at F. (in my opinion)
Bedrock of the Community
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 Posted 07/24/2011  10:06 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list
I'll just quote Rick Snow on his opinion for F12:

Quote:
Minimum:
All letters of LIBERTY must be partly visible,
though they need not be entirely legible.
I would add that the denticles, hair, ribbon are consistent with an F12-15.
And this particular year is subject to "market grading" too.
Rest in Peace
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 Posted 07/24/2011  11:19 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list
Thanks for the input all, Indian Head cents are not my strong suit. ICG graded it VG-10, which seems to more or less be the forum consensus average. It seemed to compare favorably with PCGS and NGC VG-10s I checked on Heritage, and was definitely stronger than the VG-8s. The seller was asking $839 for it, which seems a good price, but since he had a "Best Offer" option, I through out $750---which was immediately declined. So I upped it to $775, which was immediately accepted. Also the shipping was free and I get $15+ in ebay bucks. :-D

PCGS and NGC VG-10s on Heritage ranged between $900-$1100 or so. Although this one isn't in a top tier slab, the coin is what is important to me. I liked the details, surfaces and color of this coin so I couldn't resist at that price. :-) Maybe a crossover attempt someday?

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWNX:IT
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 Posted 07/24/2011  11:34 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list
I can see VG10, but based on overall details, I lean towards F12. Any way you grade it, I think you got a good deal.
As a comparison, I think your coin compares well to this PCGS F12--the obverse details are very similar.

1877-Indian-Cent-Newp-To-Grade
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 Posted 07/25/2011  02:07 am  Show Profile   Bookmark this reply Add johnny54321 to your friends list

Quote:
I'll just quote Rick Snow on his opinion for F12:


Great resource DV! thanks!
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 Posted 07/25/2011  6:58 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list
The problem with collecting keys for me though, is now that I have the biggest key, I may be more easily convinced to try and complete a set...;-P decisions, decisions...
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 Posted 07/27/2011  12:04 am  Show Profile   Bookmark this reply Add johnny54321 to your friends list
I posted this on the CU forums, I was shocked at how many people thought this was graded F12-F15. Even a couple who have said these seen ones like this in VF slabs! Wow, I guess this coin can fall hard to grade-flation. There are treasures to be found in the lower tier slabs. I may have to crack this one out and submit to a different TPG. Compare mine to this PCGS F-15.
http://cgi.ebay.com/1877-Indian-Hea...em2a10388fba
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 Posted 07/27/2011  12:07 am  Show Profile   Bookmark this reply Add DVCollector to your friends list
Before I posted my guesstimate, I looked at a dozen PCGS slabs in F12. There were many with less detail than your coin.
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 Posted 07/27/2011  12:18 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
I stated F12 and still stand by that. I can see how they gave it a VG10. They were just being conservative as to LIBERTY.


Quote:
The problem with collecting keys for me though, is now that I have the biggest key, I may be more easily convinced to try and complete a set...;-P decisions, decisions...



I recommend it John! I have a Dansco set of these going with the 1877,1871,1872,1874 & 08-S out of the way. The 1866-1870 are also going to cost you a little. I'm making it easy and staying away from the varieties, just a date set.
The 1909-S should also be certified. Lots of added S mm's.

I may have an extra IHC Dansco brand new in my cabinet. Let me get home and look John
swcoin.ecrater.com
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 Posted 07/28/2011  10:21 am  Show Profile   Bookmark this reply Add johnny54321 to your friends list



Quote:
I recommend it John! I have a Dansco set of these going with the 1877,1871,1872,1874 & 08-S out of the way. The 1866-1870 are also going to cost you a little. I'm making it easy and staying away from the varieties, just a date set.
The 1909-S should also be certified. Lots of added S mm's.

I may have an extra IHC Dansco brand new in my cabinet. Let me get home and look John


Hey Dave! PM me if you have that Dansco(I need one)! Yeah, I have been looking at certified 1909-s too....that would probably be the next target(though it won't be for a little while since I'm broke now..lol). I'm kind of with you though, I like to get the keys first.
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 Posted 07/28/2011  3:35 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
Ah, I thought it was an IHC Dansco John. Turns out, it was a Liberty nickel Dansco brand new. I guess I bought it thinking I was going to start that set :o
Are you going to Long Beach in September? If not, I can always pick one up for you :)
That 09-S is on my list too, probably a VG-F example. I will be picky on this one.
swcoin.ecrater.com
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 Posted 07/28/2011  9:14 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list
Thanks for looking Dave! I had not planned on going, but I should look into that. I received the coin, and it is very nice in hand. The pictures represent it well. The liberty is weak, but I can still make out shadows of most of the letters. What I really like about it is the fact that the upper obverse rim is strong, as it appears weak on most other examples. The surfaces are VERY pristine for the grade The only bummer part is the slab is scratched all over the place. I can only make out a few small marks even under the glass. I think I may have to bust this out of the ICG slab and send it to another TPG. Here is another F-15 from NGC, I don't know how they graded it this high...
http://cgi.ebay.com/1c-penny-1877-I...em2a1162874f
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 Posted 07/28/2011  9:28 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list

Quote:
I don't know how they graded it this high..
What? And here I thought I was an optimistic grader.
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 Posted 07/28/2011  10:26 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
Wow!
Who graded that! VG at best.
swcoin.ecrater.com
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 Posted 07/29/2011  04:16 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
Here is one on the opposite side. This coin is gorgeous although, I personally do not care for proof coins. I like the biz strikes
Not to say this coin is just incredible
Oh yeah, Rare Coin Wholesalers with 4 offers, all declined

http://cgi.ebay.com/1877-INDIAN-BRO...em2a107c4481
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Edited by vermontensium
07/29/2011 04:18 am
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