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 Replies: 19 / Views: 2,399 |
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Valued Member
United States
280 Posts |
Edited by Scarp9603
03/29/2013 4:47 pm
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Bedrock of the Community
United States
10982 Posts |
ICG thought so.  Really though, if that coin were up for sale, with knowledgeable bidders, it wouldn't generate anywhere near problem-free AU58 money. Accurately graded, attractive pieces in AU58 will bring close to $2,000. AU Details pieces can go for $600. My guess is this coin is worth a lot closer to $600 than it is to $2,000. Edited by BH1964
03/29/2013 8:12 pm
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Valued Member
 United States
280 Posts |
what problem does the coin have?
has it been cleaned?
the holder does not point out any problems
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Pillar of the Community
Israel
2420 Posts |
The rim damage on the obverse (7-8 o'clock) makes me think it should be a bit lower than AU58. I don't see any other major problems.
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Bedrock of the Community
United States
10982 Posts |
Quote:
what problem does the coin have?
has it been cleaned?
the holder does not point out any problems The surfaces look stripped of their original patina. This is a lightly circulated (AU55 to me) piece of 170 year old silver. It has clearly been cleaned. Most experienced collectors would value that coin as an AU Details coin (cleaned) worth around $600 to $700. ICG judged the cleaning to be "Market Acceptable" but the market would likely value this coin far below an attractive, original piece in AU58 which is worth $1500 to $1800. It's coins like this that give ICG a poor reputation.  If you currently own this coin, there is no reason to feel bad unless you way over-paid for it. Many of us have owned similar pieces and taking a loss when selling them. It's part of the learning process and with numismatics that never really ends.  |
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Valued Member
United States
280 Posts |
Thanks, BH. I bought the coin earlier today on ebay, for $918, believing it to be problem free and original because it was certified. I just now contacted the seller about returning it. Edited by Scarp9603
03/30/2013 12:10 am
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New Member
United States
7 Posts |
**please ask your question in one forum**
Staff
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Pillar of the Community
United States
3843 Posts |
 with BH1964. Far from original surfaces hopefully you are able to return it. If you are looking for certified coins on ebay I would suggest you stick with PCGS, NGC, and perhaps ANACS until you know what to look for in spotting problem coins. |
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Pillar of the Community
United States
5854 Posts |
It appears to be around AU-53/55. I think the coin is probably lightly cleaned but it seem too bad. Maybe the pictures are making it look worse. All 4 TPG's have given problem free grades to coins that look cleaned so buying from the others is no guarantee you will be receiving a coin with original surfaces. |
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Bedrock of the Community
Australia
21786 Posts |
This is one coin I would like to have at $600 cleaned than $2,000 unmolested.
I could spent the $1,400 on something else. In my case, perhaps a nice ancient!
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Bedrock of the Community
United States
10982 Posts |
For $918 I'd return it unless it looked a lot better in-hand. Always buy the coin, not the holder. For $918 you can find a quality AU piece in a top tier TPG holder. Maybe not an AU58 but an AU50 or AU53 with good eye appeal, original surfaces, in PCGS or NGC plastic are available for that kind of money. |
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Valued Member
United States
280 Posts |
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Pillar of the Community
Israel
2420 Posts |
Congrats. Nice coin  . |
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Pillar of the Community
United States
4337 Posts |
Much better coin for your spend. Great eye appeal on that PCGS. Good luck with it |
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Bedrock of the Community
United States
10982 Posts |
Good move. I see the PCGS coin's original listing on ebay and it looks like a conservatively graded piece. Your new one could go 53. :) |
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Valued Member
United States
280 Posts |
the pcgs has little or no cartwheel, but the surfaces appears almost prooflike, does have a bit more luster in the protected areas between the stars and numbers and letters. And I noticed a number of hairlines.
is all this consistent with an original AU50?
Edited by Scarp9603
04/09/2013 4:29 pm
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Replies: 19 / Views: 2,399 |
Posted 03/29/2013 8:24 pm
