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1836 Gobrecht

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Thomas Hayes's Avatar
18 Posts
 Posted 11/06/2012  12:33 pm Show Profile   Bookmark this topic Add Thomas Hayes to your friends list Get a Link to this Message Number of Subscribers
I got a coin back from PCGS yesterday. First time I have done that. I inherited from my granddad. It is a Gobrecht 1836 which was graded PR-AU, questionable color, ungradable. What the heck do I do now? Thanks.
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biokemist6's Avatar
United States
12437 Posts
 Posted 11/06/2012  12:56 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

What you do with it depends entirely on your financial situation. Your Gobrecht dollar would be worth something north of $10,000 so the best venue for selling one would be with a major auction house such as Stack's or Heritage. If you do not need the money now, I would say hang on to it because the value will still continue to rise over time. Got any pictures?
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Thomas Hayes's Avatar
18 Posts
 Posted 11/06/2012  1:07 pm  Show Profile   Bookmark this reply Add Thomas Hayes to your friends list Get a Link to this Reply
I will go over the instructions for picture upload on this site and try to get some on.
Thanks.
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oih82w8's Avatar
United States
7840 Posts
 Posted 11/06/2012  1:13 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Edited by oih82w8
11/06/2012 1:15 pm
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Thomas Hayes's Avatar
18 Posts
 Posted 11/06/2012  1:15 pm  Show Profile   Bookmark this reply Add Thomas Hayes to your friends list Get a Link to this Reply
Hmmmmm? What be popcorn?
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johnny54321's Avatar
United States
4849 Posts
 Posted 11/06/2012  1:15 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
I'd get some second opinions too on the surfaces. "Questionable Color" doesn't necessarily mean it is artificially toned, it just means they weren't sure....so they are playing it safe and calling it a problem coin. It could grade next time you send it in, or at NGC. For a coin this valuable, I'd probably get some additional opinions before deciding to sell it in a problem slab. At least you know it is genuine, which is the most important thing.
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oih82w8's Avatar
United States
7840 Posts
 Posted 11/06/2012  1:16 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Popcorn = Waiting for the "show"...images that is.
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Thomas Hayes's Avatar
18 Posts
 Posted 11/06/2012  1:21 pm  Show Profile   Bookmark this reply Add Thomas Hayes to your friends list Get a Link to this Reply
Would I send this to NGC in the PCGS holder? Where I live there are no big dealers, and the one herre says it is not artificially colored. He also says it is MS60. Frustrated.
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TenHalves's Avatar
United States
61 Posts
 Posted 11/06/2012  1:27 pm  Show Profile   Bookmark this reply Add TenHalves to your friends list Get a Link to this Reply


I agree, get a second opinion from another grading service such as NGC, if they are not spooked by the 'questionable color' it could mean a substantial bump in it's auction value. Post some pictures though, there are a lot of valuable opinions here (far more informed than my own) who might have additional insight for you.
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Thomas Hayes's Avatar
18 Posts
 Posted 11/06/2012  1:29 pm  Show Profile   Bookmark this reply Add Thomas Hayes to your friends list Get a Link to this Reply
Will a pic from my iPhone work? As you can see, I am challenged by uploading pictures, but I'm trying.(:
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/06/2012  1:33 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Would I send this to NGC in the PCGS holder? Where I live there are no big dealers, and the one herre says it is not artificially colored. He also says it is MS60. Frustrated


Frankly, I wouldn't touch it. This is a coin of significant value, already encapsulated by the company which - aside arguments to the contrary as to their quality - enjoys the best reputation in the real world, among those who can afford such a coin. To crack it and send to NGC raw (which would be how you'd do it, if you were going to) is a tremendous risk. NGC might give it a true (not Details) grade, or they may refuse to authenticate at all. The second time you send it to PCGS, they might do the same.

You might double the value of the coin. Or you might halve it, or worse if they won't authenticate. It's a chance I wouldn't take.
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harrison2's Avatar
Mexico
1304 Posts
 Posted 11/06/2012  2:26 pm  Show Profile   Bookmark this reply Add harrison2 to your friends list Get a Link to this Reply
Thomas Hayes, an iPhone photo with good, natural light would be a good start. If you have trouble posting it here, can you upload it to another site like dropbox, picasa, etc? Share the link and we'll work out the rest.
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Thomas Hayes's Avatar
18 Posts
 Posted 11/06/2012  2:36 pm  Show Profile   Bookmark this reply Add Thomas Hayes to your friends list Get a Link to this Reply
Ok, I will set about to get a couple of pics and put them on photobucket. Then maybe you can walk me through it. I read the tutorial above and it said I cannot put it in a reply, but only a new message. At that point, I folded.
Thanks for your help.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 11/06/2012  4:04 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
if you have any problems uploading the pictures you can send them to my email at my user name @coincommunity.com and I will edit them to fit on the forum and post them for you. I am sure we would all love to see the coin as we know its not a counterfeit and questionable color usually means it has some beautiful toning as well. It really doesn't mean it was AT it just means they are not sure if it is or not. I don't think this will effect the value very much unless the coin looks like it was cooked in an oven to make it look toned and since you received it from your Grandfather I am guessing he didn't do this and hoping you didn't as well


Edit: I just read the other responses and I see I pretty much mirrored Johnny's response about the coin except I don't think I would worry about sending it into NGC as PCGS calling it questionable color doesn't really mean anything as far as value. The ones that would buy a coin like this knows what natural toning looks like and can pretty much judge for themselves and the authenticity is more important than anything else on a coin like yours
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Thomas Hayes's Avatar
18 Posts
 Posted 11/06/2012  4:49 pm  Show Profile   Bookmark this reply Add Thomas Hayes to your friends list Get a Link to this Reply
Thanks, Bryan. I sent a couple to youi that do NO justice to this coin.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 11/06/2012  4:50 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
Here are the pictures he sent me of the coin. My son has a interview at a College at 6:00 and getting ready to walk out the door but wanted to post these before I did. I will comment later on

1836-Gobrecht

1836-Gobrecht
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