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Need Help - IHC 1878

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Poland
263 Posts
 Posted 12/02/2013  06:40 am Show Profile   Bookmark this topic Add thusdayclub to your friends list Get a Link to this Message Number of Subscribers
Hello. Please help me with this coin. I think my coin was dipped/cleaned/polished, but reverse still have a mint luster. It looks naturally, but I don't know what to think about it. Also, there are a lot of details, but they looks very weak. This coin is graded as MS68 () and I bought it for 110$. Pics at auction wasn't too good, but I thought, that coin will be minimum MS60-61 and maybe higher. And I was wrong... Some points at surface looks porous. I don't know what to do. What do you think, I should return this coin or keep it? Also, last "8" in date looks strange. Sorry for bad photos, but coin is slabbed. Thank you for your help.

Need-Help---IHC-1878

Need-Help---IHC-1878

Need-Help---IHC-1878

Need-Help---IHC-1878

Need-Help---IHC-1878
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westcoin's Avatar
United States
9792 Posts
 Posted 12/02/2013  07:20 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Most definitely dipped and cleaned - the color is a dead give away.

Grade? NO way is it MS68 In fact the preeminent grading company in the world PCGS has never graded an IHC of this date higher than MS67 and that one is valued at $26,500 if you could find it and purchase it.

For a good lesson on grading and learning more about Indian Head cents see my friend Rick Snow's web site, he is the leading expert on them, a fair dealer, and all around good guy! http://www.indiancent.com

He also has links to his Indian Head cent grading videos.

For your coin I'd place the grade between VF35 to EF45 but the cleaning will hurt the value I'd put a value on this coin around $45-60 USD. As to the fact you say it is slabbed - that means nothing unless it's in an original/genuine ANACS, NGC, PCGS, ICG, SEGS, PCI holder which I'd bet it's not, especially with the MS68 grade you say it lists. An impossible coin if it really were a true MS68RD IHC the price would be well over $50,000 for sure, and whomever had it would not have too much trouble selling at for that price either.

Return this coin, avoid this auctioneer in the future, stick around learn by visiting sites like Heritage Auction and Rick Snow's site to understand what to really look for on this great series of American coins (both of those websites have some of the best photos of the best Indian Head cents around) use them to get an education.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Edited by westcoin
12/02/2013 07:24 am
Valued Member
Funny Money's Avatar
United States
424 Posts
 Posted 12/02/2013  07:57 am  Show Profile   Bookmark this reply Add Funny Money to your friends list Get a Link to this Reply
Yup, , pretty much said it all.
Valued Member
Poland
263 Posts
 Posted 12/02/2013  08:46 am  Show Profile   Bookmark this reply Add thusdayclub to your friends list Get a Link to this Reply
Yes, I am using many sites to grade Indians, but as I said, there were poor pics at auction. When coin arrived, I was quite worried about this and you guys helped me. I will return this coin. This coin was grade by polish grading service and I think they don't know what they doing:) Thank you for your help.
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DavidZerbato's Avatar
United States
1081 Posts
 Posted 12/02/2013  09:33 am  Show Profile   Bookmark this reply Add DavidZerbato to your friends list Get a Link to this Reply
I think this coin may be fake. The date looks strange and too large. The denticles on the reverse looks awful and the weaknss through out makes me worried. The surfaces look rough too. Fake or not, it's not an MS68 and looks cleaned anyways. I would definitely return it.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 12/02/2013  09:37 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I think this coin may be fake. The date looks strange and too large. The denticles on the reverse looks awful and the weaknss through out makes me worried. The surfaces look rough too. Fake or not, it's not an MS68 and looks cleaned anyways. I would definitely return it.


Agreed. The whole thing looks "off."
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52Raymo's Avatar
United States
8516 Posts
 Posted 12/02/2013  10:54 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
What TPG graded it ?
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Poland
263 Posts
 Posted 12/02/2013  11:08 am  Show Profile   Bookmark this reply Add thusdayclub to your friends list Get a Link to this Reply
PCG - Polskie Centrum Gradingu. What do you think about genuine of this coin? Seller send me offer - he wants to send me LC from photo and I can keep both coins, without cash back. I don't know what to do, if this IHC is genuine, I think this offer is quite nice, but if it is a fake, then I will return coin.

Need-Help---IHC-1878

Need-Help---IHC-1878
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acloco's Avatar
United States
3540 Posts
 Posted 12/02/2013  1:27 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
Return the IHC that you purchased and run from this seller. Obviously cleaned and retoned coins are how they are making money.
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johnny54321's Avatar
United States
4849 Posts
 Posted 12/02/2013  3:47 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
this doesn't smell right. I'd doubt the authenticity of the LC too...it looks like it was just struck and could be worth thousands if genuine in that grade.
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DVCollector's Avatar
United States
10045 Posts
 Posted 12/02/2013  4:06 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
I think this coin may be fake. The date looks strange and too large.
My first impressions as well--since I look at the date first on IHCs (well on all coins actually) The date is not right for starters. Compare the oval inner loops of a genuine PCGS-certified coin to the OP's circular loops.

Need-Help---IHC-1878
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52Raymo's Avatar
United States
8516 Posts
 Posted 12/02/2013  4:07 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
The date on the Indian sure looks funky.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 12/02/2013  4:08 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
I don't know about the U.S. 1828 cent...

But.. The Indian cent looks fake to me, the date looks way off especially the 7, return It as fast as you can..
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bpoc1's Avatar
United States
4078 Posts
 Posted 12/02/2013  5:07 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply
Interesting?
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amida17's Avatar
United States
4897 Posts
 Posted 12/02/2013  5:15 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply

Quote:
I'd doubt the authenticity of the LC too]


It does not match any Newcomb variety for that year.
Edited by amida17
12/02/2013 5:15 pm
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 12/02/2013  5:22 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
As regards the 1828, I see no flags against authenticity but I don't like the color even a little bit. A datapoint: Heritage Auctions has 215 records for 1828 Large Cent sales. Not a single one was adjudicated "Red."

Someone tried to remove that fingerprint on the obverse, and wrecked the coin.
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