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 Replies: 14 / Views: 1,602 |
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New Member
United States
19 Posts |
Hello, would welcome any advice on this coin. It is for my 7070, and my limited understanding of Trade dollars is that there are a lot of fakes out there. So I feel that a slab is the only way to go. NGC, PGS both list 250.00 ish, which is the offer I sent him. Would I be foolish to break this or any other coin out? I think it is a very attractive example, but its 50.00 or so over above mentioned guidelines. Thanks in advance! http://www.ebay.com/itm/1877-S-NGC-...545098841?pt |
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Moderator
 United States
23522 Posts |
$250 is XF45 money if Heritage results are any indication. XF40 is closer to $200. That said, it's a primo coin for the grade. If you crack it - which I personally couldn't object to - keep the label from the slab.
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Bedrock of the Community
Australia
21786 Posts |
I think this coin is over graded, despite being slabbed.
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Pillar of the Community
United States
1261 Posts |
I hate to say it but I agree that it might be overgraded a little. It appears to be a VF-30 to VF-35. With that said, it's a really nice original coin which is difficult to find in the Trade dollar series. Talking from experience, there have been a lot of coins that I cracked out of their slabs thinking I would never get rid of them. Now that my collecting needs have changed, I wish they were back in their slab since there is no guarantee they will grade at the same level the next time I send them in. I would not want to crack this one out. |
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New Member
 United States
19 Posts |
Some great insights here. The fact that two people feel it could be over graded makes me hesitate a little. Never would have considered that. Thanks. What areas are you looking at when you say that? I have gone to the PCGS photo grade site, and the subtle differences between grades is hard for me to pick up there. Once again, thanks.
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Bedrock of the Community
United States
36744 Posts |
Too much money for this one.
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Pillar of the Community
United States
4085 Posts |
I don't care for the dark toning and so wouldn't be willing to stretch price on that one. Not enough eye appeal for me.
Edited by KenKat
01/16/2013 7:23 pm
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Valued Member
United States
168 Posts |
I think the coin is lovely and one could debate VF35 vs. EF40. However, if it were to be placed into a 7070 then I think it would look great in the album.
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Pillar of the Community
United States
1261 Posts |
Regarding the grading, I was looking at the hair, breast, leg, foot and, especially, the eagle on the reverse. There is just a tad too much wear in my eyes to qualify as an EF. Like I said, it's a nice looking coin and the graders may have given it the benefit of the doubt. I personally like the original color.
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Pillar of the Community
United States
3755 Posts |
I have no problem with the XF40 grade. And believe me, I would take great joy in saying NGC messed up yet again. However, 300.00 seems a bit too high. I can't access Coin Worlds catalog to check the retail value. I would go with 250 as that coin is an absolute beauty. If you like it then make that offer. IMO it is a coin worth having in a 7070.
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Valued Member
United States
77 Posts |
I think it stretches the mark to XF40, but I can certainly see where the VF+ is coming from. I wouldn't argue. That being said, even at XF40, it's a 240 coin at retail. It's nicely colored and all, but if I were paying full retail, especially for a slab coin, I would want one that looked better than grade, not possibly makes the grade. IMHO - Compare some more slabbed coins online at heritage, ebay, teletrade, great collections, and get a feel for the grade. Pay attention to the obverse even more than the reverse, look at facial wear and left breast area. Look for clean fields also. BTW - I don't think it would be foolish of you at all to buy a Trade dollar slabbed, and then break it out. Edited by linxlvr
01/16/2013 10:05 pm
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Pillar of the Community
United States
1261 Posts |
Quote:BTW - I don't think it would be foolish of you at all to buy a Trade dollar slabbed, and then break it out. I agree as long as the coin is solid for the grade. If it's a " just made it" coin then it may not grade the same and you could lose even more money when you go to resell. Maybe that isn't as big of a deal for this coin but it could still mean $50-$75. JMHO |
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Pillar of the Community
United States
1704 Posts |
 to the forum. Quote: my limited understanding of Trade dollars is that there are a lot of fakes out there. Yes, there are. The Trade dollar is one of the most counterfeited American coins ever made. It appears the coin is priced at a level where the seller wants to recoup all of his ebay expenses and then some if it sells. You could probably find as nice a Trade dollar at a more reasonable price at a coin show or even another online venue for coins. If/when you do buy a slabbed Trade dollar or any other slabbed coin for your collection and crack it out always save the label. I, and many others, tape the labels inside the covers of the album so they won't get misplaced. Ed ANA LM-3175 |
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New Member
United States
19 Posts |
Quote:The Trade dollar is one of the most counterfeited American coins ever made Any idea why? They just dont seem exceptionally high priced,or rare, and have alot of fine detail. Quote:
Regarding the grading, I was looking at the hair, breast, leg, foot and, especially, the eagle on the reverse. There is just a tad too much wear in my eyes to qualify as an EF. Like I said, it's a nice looking coin and the graders may have given it the benefit of the doubt. I personally like the original color Thanks for the info-exactly what I was looking for! Quote:
I would take great joy in saying NGC messed up yet again As a newer collector, I view TPG's as sort of an insurance policy. Maybe not so much? Quote:
I would go with 250 as that coin is an absolute beauty I agree! 250 was my offer. But will go with the prevailing wisdom here and not go any higher. once again, thanks everyone! |
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Moderator
United States
23522 Posts |
Trade dollars were minted for use abroad rather than in the US; they were meant to compete with the Reales and British Trade dollars which tended to be the currency of choice in the Orient. Most of the counterfeiting happened overseas, as well, done with relative ease as the locals couldn't differentiate them as easily as we could Stateside.
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Replies: 14 / Views: 1,602 |
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Posted 01/16/2013 5:52 pm
