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How Does A NGC MS-69 Standing Liberty Quarter Not Have A Fh?

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oih82w8's Avatar
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 Posted 09/17/2012  1:31 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
I wonder if NGC would label a "Type 3" on their slab insert?
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basebal21's Avatar
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 Posted 09/17/2012  2:17 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Im sure they would. Find one and lets find out lol
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Gyrene7483's Avatar
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 Posted 09/17/2012  2:45 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
I can clearly see in the photograph the head on Liberty is about as full as one can get. Whether or not that information was added to the label is something else.
The detail of the inner shield can not be seen due to the patina covering it but with the rivets as well defined as they are I would bet that the inner shield detail is as well defined also. I have two SLQs MS-63 with full heads that are well struck with the rivets and inner shield clearly defined. I believe the grade, MS-69, is justified for this particular quarter both for its quality of strike, lack of contact marks and awesome eye appeal. The coin probably has an outrageous price tag.

Ed
ANA LM-3175
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basebal21's Avatar
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 Posted 09/17/2012  2:56 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
The coin probably has an outrageous price tag.


Not as bad as you might think

List Price........$44,280.00
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basebal21's Avatar
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 Posted 09/17/2012  3:01 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Ps Am I the only one that thinks that toning is ugly? Its really not very favorable when you dont see it as an extreme closeup



How-Does-A-NGC-MS-69-Standing-Liberty-Quarter-Not-Have-A-Fh?



How-Does-A-NGC-MS-69-Standing-Liberty-Quarter-Not-Have-A-Fh?
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SsuperDdave's Avatar
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 Posted 09/17/2012  3:05 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Ps Am I the only one that thinks that toning is ugly? Its really not very favorable when you dont see it as an extreme closeup


You may not be the only one, but I'm not there with you. I think it's gorgeous. But - and mind you, this is subjective because ANA grading standards aren't precise in their definition of "fully struck" - I wouldn't go over 68 for this coin.
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oih82w8's Avatar
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 Posted 09/17/2012  3:06 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
1919 25C MS 68 Full Head $47,450.00

http://www.ngccoin.com/poplookup/Nu...c=15729&g=68

versus

1919 25C MS 69 Full Head $97,500.00

http://www.ngccoin.com/poplookup/Nu...c=15729&g=69
Edited by oih82w8
09/17/2012 3:12 pm
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vermontensium's Avatar
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 Posted 09/17/2012  7:24 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
The toning is a little more burnt than I prefer but I'm in agreement that this coin stops at the MS68 level. I can almost bet if cracked out, and submitted to PCGS, it would more than likely obtain an MS67+ possibly MS68 grade.
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 Posted 09/17/2012  9:04 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I think it's gorgeous.


I thought that too at first. Then seeing the non close up I just cant stop staring at the black areas for some reason which ruin it for me. Its one thing for that on an ancient, that shows character, but not on coins from the 1900s on.

I also just get the feeling those black spots will look worse in hand too

But I have no problem being the odd ball on this one
Edited by basebal21
09/17/2012 9:05 pm
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ArrowsAndRays's Avatar
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 Posted 09/17/2012  10:29 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list Get a Link to this Reply
Side by side which would you prefer? This one with tarnish/patina/toning, or one literally 'mint state' with original surfaces?
Edited by ArrowsAndRays
09/17/2012 10:31 pm
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acloco's Avatar
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 Posted 09/17/2012  10:37 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
"end roll toning"? :)
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coinguybrian's Avatar
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 Posted 09/17/2012  11:21 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
Looks full head enough to me, not perfect, but at least enough for MS-68 FH.
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 Posted 09/17/2012  11:34 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Side by side which would you prefer? This one with tarnish/patina/toning, or one literally 'mint state' with original surfaces?


Personally Id take the mint state
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 Posted 09/18/2012  12:20 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
To the best of my knowledge, unless something has changed within the last few years; strike has never been a part of grading a coin. It is strictly according to surface preservation. Bowers mentions this time and time again in his books. And if an expert such as Bowers says strike is NOT a component of a TPG's grade, then I have to believe it.
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SsuperDdave's Avatar
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 Posted 09/18/2012  3:53 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Both Halperin, in How to Grade US Coins, and the Official ANA Grading Standards for United States Coins specifically list strike quality as one of the primary grading considerations. Both of them qualify strike as relating to date and mint capabilities - comparing the coin to the "best" one could expect from that particular issue.

It is not difficult to find 1919 SLQ's with a lesser grade and a superior strike to the coin being discussed here. Given today's grading atmosphere (reactive to the unpopularity to previous standards) and the new NGC holder in which this coin resides, I'm inclined to trust their decision against FH. And since FH 1919's are available (I looked at a couple of slam-dunk FH's at Heritage before posting this), I would contend that ANA's language regarding MS69:


Quote:
Must have very attractive sharp strike and full original luster for the date and mint


....precludes MS69 as a grade for a non-FH coin.
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