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 Replies: 47 / Views: 5,392 |
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Pillar of the Community
Sweden
729 Posts |
Recently bought a raw 1880-S from a fellow over here in Sweden. The interesting thing about the coin is that I bought it from the very same guy who bought it from Bowers and Ruddy Galleries way back in ´78. The receipt is included in the purchase. So the coin is tracable back to ´78. Would the original receipt bring a premium to the coin? Is a Bowers and Ruddy grading more reliable than any other basement TGP? I guess the guy could have changed the coin to a similar one though Will get the coin tomorrow or wednesday and will post it here. Here's the receipt anyways...any thoughts, comments about Bowers and Ruddy or the receipt in general? thanks  |
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Bedrock of the Community
United States
36678 Posts |
I interviewed for a job with them in January of 1972. They made a good team back then.
Grading standards have changed a lot since 1978 so chances are your MS-67 coin is still that good or better, providing the person you bought it from stored it properly.
Can't wait to see some nice clear pictures of it once it arrives.
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Pillar of the Community
 Sweden
729 Posts |
I did get some pics of them, but too small to make it justive in here I think...I just hope the awesome toning isn't too much due to the background... Better pictures will be posted as soon as it arrives...can't wait to have it in hand   |
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Pillar of the Community
Canada
4944 Posts |
It's kind of hard to tell, but I would guess it's an MS-64
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Moderator
 United States
23522 Posts |
Considering that the "Bowers" in "Bowers & Ruddy" is Q. David Bowers, I suspect that provenance might carry considerable additional cachet.
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Pillar of the Community
United States
1211 Posts |
Wow, very well struck coin.
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Bedrock of the Community
Australia
21786 Posts |
I would agree with MS64.
Those pictures show up all the the marks.
I wish I had one as nice as this!
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Bedrock of the Community
United States
36678 Posts |
Nice color but I'd like to see a picture with some better lighting to see what is on the cheek.
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Pillar of the Community
United States
3540 Posts |
Paperwork is worth a little provenance. Of note, vamworld lists NINETY NINE VAMS for this date/mm. Possibly a VAM 2? Congrats on the purchase. |
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Rest in Peace
United States
10625 Posts |
Nice looking Morgan and cool piece of history to go with it. A very nice find indeed.  |
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Pillar of the Community
United States
3755 Posts |
Unfortunately the problem here is there is NO way to prove that coin belongs to that receipt. Its cool, but I personally wouldnt pay anything extra or value it any different at all.
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Bedrock of the Community
Australia
21786 Posts |
Smokeriderdon: If the dealer has supplied photographs to go with the sales documentation, the connection between the coin you have and the documents can be established.
The very first ancient Greek coin I purchased was a gold stater of Philip 11 of Macedon. It came from Spinks in London in 1978, with all of the above documentation mentioned, all of which I have retained. That helps to establish authenticity, as well as provenance.
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Pillar of the Community
United States
1554 Posts |
If this is the grade "MS67" that Bowers attached, it shows a basic disregard for his customers during the time he was making a name for himself....Sorry, but you bought yourself a very common MS63 unless of course this photo is bad. The receipt is maybe worth the paper it's printed on. Just trying to be honest the way I see it. Good luck!
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Pillar of the Community
Sweden
729 Posts |
While making the offer to buy it, I had all those concerns mentioned above.
did not pay MS-67 money for it. Did add some premium for the traceability and name though.
Edited by epikur
07/17/2012 01:26 am
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Bedrock of the Community
United States
36678 Posts |
epikur I am hoping you'll post some more photos when you have the coin in hand. Hard to see the surfaces from the dark photos above.
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Bedrock of the Community
United States
17884 Posts |
Quote:
If this is the grade "MS67" that Bowers attached, it shows a basic disregard for his customers during the time he was making a name for himself. Why do you say that? Because in 1978 he was not grading using 2012 standards? Could you grade a coin today to the grading standards that will be in use in 2047? Also consider that there WERE no standards for a MS-67 coin at that time. The first edition of the ANA grading guide had just recently come out and it only had standards for MS-60 and 65. And before it came out there were no written standards for anything over AU. In fact one year earlier and the invoice would probably have said Choice Unc or Gem Unc. (no one but Paramount was using numbers before the ANA guide came out.) Would that have been a basic disregard for his customers? |
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Replies: 47 / Views: 5,392 |
Posted 07/16/2012 6:32 pm
