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1858 Quarter - Proof ?

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D's Avatar
Canada
899 Posts
 Posted 12/21/2012  1:45 pm Show Profile   Bookmark this topic Add D to your friends list Get a Link to this Message Number of Subscribers
Just two questions...Grade and Is this possiblity a Proof coin ?

Reasons I ask is: From what I understand about grading this coin:

"When grading this design, the high points on the obverse are Liberty's knee, hair and breast. On the reverse, the areas to first show wear are the eagle's neck, claws and the tops of the wings."

On the liberty side there is very little wear in these areas and on the eagle side there is virtually no wear on the high points....

From what I have read on 1858 proofs:

"The 1858 Proof Quarter Dollars are possibly the most poorly made proofs from all proof issues from that time period. In his Complete Encyclopedia Walter Breen has recorded " that most proofs show multiple lint marks ", incuse impressions on the proofs as the result of some one failing to clean the dies properly before starting the press run. It is also noted that the upper reverse field has a moderate lamination defect on some proofs."

This coin has several incuse marks that do not appear to have been post mint (there are scratches and a couple of marks that are post mint). Some of these incuse marks are different shapes (angles) and are mainly on the obverse side. On the reverse side just above the eagles beak appears to be a slight delamination.

The designs are very well defined with sharp images and both sides show a hint of toning around the rim edges...

There is a neat Error on the left side of the coin - A raised ridge on the rim...Misaligned Dies ?

Thoughts and opinions both why and why not are appreciated..... Thanks




1858--Quarter-----Proof--?

1858--Quarter-----Proof--?

1858--Quarter-----Proof--?

1858--Quarter-----Proof--?

1858--Quarter-----Proof--?

1858--Quarter-----Proof--?

1858--Quarter-----Proof--?

1858--Quarter-----Proof--?
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dsfreeworld's Avatar
United States
4337 Posts
 Posted 12/21/2012  1:54 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
i just want to say its a beautiful looking coin...proof or not, jealous = me

nice one
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Windchild's Avatar
Canada
1411 Posts
 Posted 12/21/2012  1:58 pm  Show Profile   Bookmark this reply Add Windchild to your friends list Get a Link to this Reply
proof or not...

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 12/21/2012  3:08 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
In all honesty, I don't see a strike of Proof quality with this coin. It's especially noticeable in the stars, and on the arrow fletches just below the shield on the reverse. Those features, and the hair, are far sharper on Proof strikes, even if these are considered "poor" from a Proof standpoint.

Go have a look in Heritage Auctions' archives to see what I mean.

OK, that was the bad news. The good news is, I see this thing grading around MS63, making it a $500 coin.
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D's Avatar
Canada
899 Posts
 Posted 12/21/2012  3:16 pm  Show Profile   Bookmark this reply Add D to your friends list Get a Link to this Reply
Thanks guys....The beauty of these forums is that there never is any bad news...it is what it is...Appreciate the comments...
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vermontensium's Avatar
United States
16679 Posts
 Posted 12/21/2012  6:01 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
Nice coin!
swcoin.ecrater.com
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Moe145's Avatar
United States
8904 Posts
 Posted 12/21/2012  6:44 pm  Show Profile   Bookmark this reply Add Moe145 to your friends list Get a Link to this Reply
This is a beautiful coin!!

I do, however, agree with SsuperDdave. Judging just from from the details noted in the obverse stars, the strike is, IMO, a business strike. A proof strike would have much more distinctive detail on these stars.

That being said, this seems to be an incredibly well-struck business strike. Excellent details in the obverse face and shield and the reverse is VERY clear and detailed (with a slight exception of the arrow fletchings noted by SsuperDdave).

Grade= 3 droolies!!
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Tom B's Avatar
United States
168 Posts
 Posted 12/29/2012  11:13 pm  Show Profile   Bookmark this reply Add Tom B to your friends list Get a Link to this Reply
That is a business strike coin that appears to have light circulation marks that would make it AU58. It also has been dipped and the mark in the field is most likely a small scratch instead of a lint mark, which is typically sharper. Many folks would still pay well for this coin, but it is not for everyone.
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Prethen's Avatar
United States
3234 Posts
 Posted 01/02/2013  11:05 am  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
Not a Proof. Doesn't have the squared off device details.
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D's Avatar
Canada
899 Posts
 Posted 01/03/2013  4:37 pm  Show Profile   Bookmark this reply Add D to your friends list Get a Link to this Reply
Thanks guys, a proof it is not as concurred...

Tom B.... you said it has been dipped which is a good point and brings a question. From the sellers pictures I was unable to tell it had been dipped...What does one look for to recognize if a coin is dipped or not?
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dsfreeworld's Avatar
United States
4337 Posts
 Posted 01/03/2013  4:45 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
when I look at the picture of it on the scale, the mirrors look dull and uninviting...that could be it among other things that he sees...
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/03/2013  5:01 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
What does one look for to recognize if a coin is dipped or not?


I think what Tom B is seeing - not that I wish to put words in his mouth - is the color and propagation of the toning, particularly on the obverse. This is best seen in the obverse crescent detail pic, but notable also on the reverse. It doesn't really fit known toning propagation patterns.

If the coin had gradually toned over the last 155 years, one would think that the color nearest the obverse device would be much darker than it shows in the image. And for the obverse to be that dark near the rim, one would expect the reverse to have a similar look. Further, one would expect more of the whole coin to be involved, with much less field space retaining original non-toned appearance.

Taken together, it all indicates that toning hasn't been happening for long with this coin. The implication is that it's been dipped in the last few years, and the toning we see has happened since.

Another possibility is that the coin was relatively well-protected in an album for most of its' life, and has since been removed and undergone greater exposure to the atmosphere. But it's quite easy to understand why its' appearance would raise doubt with someone as experienced as Tom.

Who, as per his usual habit, has me thinking about this one.
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Tom B's Avatar
United States
168 Posts
 Posted 01/03/2013  5:25 pm  Show Profile   Bookmark this reply Add Tom B to your friends list Get a Link to this Reply
In general, a 155-year old silver coin with light circulation should have some sort of color, skin or patina on it. If it is fairly white with no real evidence of a skin then it has likely been dipped. While this might not be a 100% accurate method, it is a darn good rule of thumb.
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D's Avatar
Canada
899 Posts
 Posted 01/03/2013  6:28 pm  Show Profile   Bookmark this reply Add D to your friends list Get a Link to this Reply
I understand exactly what you mean....thanks...

In a couple of months I'm going to send in this coin for grading....it will be interesting to see the outcome..
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