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Guess The Grade - 1859 IHC

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upstate's Avatar
United States
3283 Posts
 Posted 02/13/2013  9:51 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
I'll admit, I thought MS
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Tbone's Avatar
United States
1839 Posts
 Posted 02/13/2013  10:18 pm  Show Profile   Bookmark this reply Add Tbone to your friends list Get a Link to this Reply
Well I got the coin and have to admit it looking at it with loupe it looks pretty much just as it does in the hi-res pictures. I'm thinking it might make sense to submit to CAC but I don't think they're open to new memberships right now.
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westcoin's Avatar
United States
9796 Posts
 Posted 02/18/2013  04:39 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply

Quote:
@westcoin
Agreed. In this case I purchased from someone I'm familiar with and have had very good transactions in the past. He is primarily a professional photographer of rare coins and does consignment for people in the Seattle area. He does do a very good job of making a coin look nice, but so far I haven't come across one that he's given a false impression of quality. And of course he accepts returns so not too worried.


This is exactly the kind of coin that is bought cracked open, reshot under great lighting and sold on ebay as an MS raw coins then they get bid up to crazy prices there. Everyone thinks they'll score an MS64 for MS62 money, which the seller purchased as a wholesale AU coin. Heck I've fallen victim a few times to that. Now I only buy TPG coins in slider grades or better MS grades, unless I know the seller or have a VERY good idea of what I'm doing.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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Tbone's Avatar
United States
1839 Posts
 Posted 02/18/2013  10:52 am  Show Profile   Bookmark this reply Add Tbone to your friends list Get a Link to this Reply

Quote:
TPG coins in slider grades


Would you mind elaborating a little on slider grades? I've seen this term "slider" thrown around a lot lately and not entirely sure what it means.
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beaglebailey's Avatar
United States
716 Posts
 Posted 02/18/2013  2:14 pm  Show Profile   Bookmark this reply Add beaglebailey to your friends list Get a Link to this Reply
My understanding of a 'slider' coin is one that actually grades a high AU and retains all its luster, but is priced as MS coin.
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IndianGoldEagle's Avatar
United States
36878 Posts
 Posted 02/18/2013  3:21 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
A "slider" is what beaglebailey said, a high end AU coin that some dealers will sell as Uncirculated "MS". These use to be known as "Commercial Uncs".
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westcoin's Avatar
United States
9796 Posts
 Posted 02/19/2013  04:35 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
^ exactly, "commercial unc's" always got me. A slider coin is one that may pass for uncirculated due to it's looks alone. in the Morgan Peace world it usually meant one that wasn't worth much either way AU $20, MS60 $25 was an advertising slogan for many magazine dealer ads in the 1980's. Rolls of slider dollars in common dates were offered for a few bucks less than unc rolls.

I like slider coins for collectors, a nice set of AU slider coins usually looks better in eye appeal than a low grade mint state set does. A slider generally has all the appearance of an uncirculated coin - save for a few tiny rub marks or contact areas. Crack out artists play the odds with TPG slider coins and sometimes win big, hence the TPG rules, always buy the coin and not the holder!
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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Tbone's Avatar
United States
1839 Posts
 Posted 02/19/2013  10:24 am  Show Profile   Bookmark this reply Add Tbone to your friends list Get a Link to this Reply
Thanks for the explanations.
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