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1844-D Gold Quarter Eagle

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Jaobler's Avatar
United States
6390 Posts
 Posted 10/09/2012  01:10 am Show Profile   Bookmark this topic Add Jaobler to your friends list Get a Link to this Message Number of Subscribers
Quarter eagles from Dahlonega are scarce and usually very expensive. I took a chance on this coin which looked pretty good in the seller photos. What are your thoughts, comments, and grading opinions?

1844-D-Gold-Quarter-Eagle

1844-D-Gold-Quarter-Eagle
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United States
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 Posted 10/09/2012  01:23 am  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
beautiful, F15?
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vermontensium's Avatar
United States
16679 Posts
 Posted 10/09/2012  01:29 am  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
Nice! I have it's big brother, the 44-D Half Eagle.
I'll go with F12.
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 10/09/2012  02:31 am  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
I think this coin was not well struck to begin with which probably accounts for some of loss of details. Some of the features like the hair have a sort of rounded/wavy look which IMO is result of strike. Wear, from what I have read and seen, has a much flat look to it. I might be alone in this but I am going to say VF-30. I am a bit concerned with a scratch from the A to the mintmark but given the mint, the severity, and the location of the scratch, the TPG's might let this one slide. I am on the fence whether or not to call this a problem coin. Below are links to three examples from Heritage's archives. The first two are both graded VF-25 by PCGS. The third one is an example with an weak strike.
http://coins.ha.com/c/item.zx?saleN...4&lotNo=4778
http://coins.ha.com/c/item.zx?saleN...7&lotNo=4298
http://coins.ha.com/c/item.zx?saleN...3&lotNo=5294
Don't see southern gold all that often. Sweet coin!
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westcoin's Avatar
United States
9792 Posts
 Posted 10/09/2012  03:15 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
I too think it's mostly weak strike, I wouldn't go as high as VF-30 but VF-20 is not out of the question for this VERY desirable coin.
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mdpmedia's Avatar
United States
3546 Posts
 Posted 10/09/2012  03:20 am  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply
F-12+ nice coin
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BH1964's Avatar
United States
10982 Posts
 Posted 10/09/2012  06:15 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Looks like a very nice example. What is going on on the reverse from the mintmark to the A in America? An old scratch?

It compares very well to this PCGS OGH VF25 (linked earlier also) that sold on Heritage last month.

http://coins.ha.com/c/item.zx?hdnJu...&saleNo=1174 &lotNo=4778&x=0&y=0

I'd say VF for sure and VF30 is not out of the question as D0ubl3Eagle noted.
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Jaobler's Avatar
United States
6390 Posts
 Posted 10/10/2012  10:29 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply

Quote:
What is going on on the reverse from the mintmark to the A in America? An old scratch?


I think that line might actually be a die clash, corresponding to the upper edge of Liberty's head. In-hand it does not look like a scratch.

Gradewise I think this coin is in the VF range, with reverse strike weakness that is very typical for the date. Sharply-struck 1844-D quarter eagles exist but they are in the minority.

The coin was definitely overgraded in an NNC holder when I bought it:


1844-D-Gold-Quarter-Eagle

1844-D-Gold-Quarter-Eagle

I knew the NNC grade could not be trusted, plus that service was likely to overlook cleaning problems. I took a chance and offered a bid that I felt was appropriate for a cleaned piece with VF detail. When I received it I was pleased that it did not appear to have been cleaned. I cracked it out for submission to a real grading service and discovered another little problem:


1844-D-Gold-Quarter-Eagle

Pathetic of NNC to not mention such an obvious defect on their label. The edge had been filed, likely to remove evidence of a mount. The location of the defect at 7:00 relative to the obverse is a puzzle, however; if mounted the mount position is usually at 12:00 or 6:00. The amount of metal removed did not affect the weight which was correct at 4.1 grams.

I contacted the seller, expecting he might just say "too bad" since I had removed the coin from the holder. However, he was a stand-up guy and we negotiated an additional 30% discount. That brought my cost into the price range of PCGS and NGC-certified pieces sold at auction that had "filed-edge" and "mount-removed" problems noted on the labels.

So, my collection now includes a Dahlonega quarter eagle, damaged but priced accordingly. It will have to do until such time that I'm willing to pay 2-3 times as much for an original piece.
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oih82w8's Avatar
United States
7840 Posts
 Posted 10/10/2012  11:49 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
OUCH! ...on the damaged (soldered?) rims. I thought that I noticed a flat spot on the rim in the opening OP images at 8 o'clock.
Edited by oih82w8
10/10/2012 11:53 am
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vermontensium's Avatar
United States
16679 Posts
 Posted 10/10/2012  1:59 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
Yeah, XF45 is way out of the question. As far as I'm concerned, NNC is a basement slabber.
BTW, I'd buy from that seller ANY day of the week...very cool of him ;-)
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SsuperDdave's Avatar
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23522 Posts
 Posted 10/10/2012  2:48 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Given the location of the filing, I'm guessing NNC "repaired" a sizable rim ding.
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Coinguy1000's Avatar
United States
305 Posts
 Posted 10/15/2012  09:11 am  Show Profile   Bookmark this reply Add Coinguy1000 to your friends list Get a Link to this Reply
wow, XF45 is out of range and they didn't mention the problem!
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mdpmedia's Avatar
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 Posted 10/15/2012  09:28 am  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply

Quote:
is a basement slabber.


That's putting it mildly but rather a disingenuous subbasement slabber unless the grader had a bad day and just let one 'slip' by
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nscoinkid1997's Avatar
Canada
138 Posts
 Posted 10/15/2012  4:08 pm  Show Profile   Bookmark this reply Add nscoinkid1997 to your friends list Get a Link to this Reply
F-15
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daviscfad's Avatar
United States
4541 Posts
 Posted 10/17/2012  7:32 pm  Show Profile   Bookmark this reply Add daviscfad to your friends list Get a Link to this Reply
F15 from me.
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Jaobler's Avatar
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6390 Posts
 Posted 10/30/2012  6:31 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
PCGS verified authenticity and decided the filed rim was a "mount removed". I think it was worth having it slabbed to document that it is a genuine piece.

The XF Details grade seems a bit high but I'll take it. The coin looks not too bad in the new PCGS plastic!


1844-D-Gold-Quarter-Eagle
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