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 Replies: 17 / Views: 2,793 |
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Valued Member
United States
160 Posts |
Edited by sgoss66
12/22/2013 7:48 pm
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Pillar of the Community
United States
1584 Posts |
It's genuine, the grader isn't. Looks like a well circulated Type II gold dollar. It is not mint state, maybe vf, give or take.
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Pillar of the Community
United States
4897 Posts |
Preface: very little experience with this type no idea why it is in an NNC slab (a problem coin?). Details look pretty close to unc.. Really weak strike. In a righteous PCGS or NGC slab this one could easily collect the asking price.
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Pillar of the Community
United States
1431 Posts |
NNC is a notorious ebay basement slabber, so take the grading with a grain of salt. (several grains, preferably) Now I'm no expert on gold coins at all, but I do see some definite wear on this coin along with some hairlines which may or may not be on the plastic. So we're looking at possibly AU/EF details best case scenario. Probably best to wait until a real expert chimes in though. In any case, I don't believe the price is justified. Edited by Kefiroth
12/22/2013 8:06 pm
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Pillar of the Community
Canada
5417 Posts |
The coin looks to be AU. The reverse is just a weak strike. Although if it's in a BBC slab then you might wannah ask yourself; why is it there?
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Pillar of the Community
United States
7614 Posts |
In a real world PCGS/NGC/ANACS slab it might go XF on a good day. Yeah, it's a weak strike and the GS would take that into consideration, but it would go nowhere near MS.
That coin is still in that holder because the Seller knows very well that 1) it will not crossover; and 2) If he cracks it out, it will never grade that high again.
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Moderator
 United States
23522 Posts |
Far as I'm concerned, noD got it in one. Coin's real, grader isn't. This is why knowledge is so important in numismatics - there are people out there who will do this, and it's not illegal.
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Valued Member
 United States
160 Posts |
Thanks for the comments, everyone. Again, my inexperience shows through, in that this coin looks so "lopsided" so as to cause me to wonder if it's even genuine.
BUT, that's NOT a question in anyone's mind here...I have alot to learn!
That being said, most agree that this is NOT an "MS" coin, so at least I wasn't off base on that part of it...
If that grade was accurate, I'd really have to start back at square one in terms of coin grades... :)
Thanks for the info, everyone!
Steve
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Bedrock of the Community
United States
17884 Posts |
"Off-Brand" company, coin isn't MS (But I think it is close), photo is poor, and for a type II dollar the strike is better than normal. Type II's typically come very weak in the center of the reverse with the middle two digits of the date weak or even missing.
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Pillar of the Community
United States
1748 Posts |
NNC...  Those guys and others like SEGS. I just want to break out laughing every time I see their slabs at a show. The coin would be better off raw than in one of their slabs. Edited by DoubleEagle20
12/23/2013 8:31 pm
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Pillar of the Community
United States
9792 Posts |
Quote:
Those guys and others like SEGS. SEGS is a pretty reputable company, that gets some grades wrong, but more than often they are pretty good IMO. Larry Briggs is the principal and a very good guy and honest dealer. The coin the OP is asking about is a details coin that has been cleaned and maybe an EF40 weak strike, the scratch on the the obverse would be a big detriment to any major TPG including SEGS I would think. It around retail around $1200 coin tops, and probably wholesale for $800-900. "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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Bedrock of the Community
United States
17884 Posts |
SEGS is also better at attributions than any of the other TPG's, with the possible exception of ANACS and VAMS. I spoke with Larry last month and he said they are about ready to go live with an on-line serial number verification which is the only one of eBays hoops they still have to jump through for SEGS coins to be listed as "Certified" (He thinks though they will then come up with a new requirement.) |
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Rest in Peace
United States
10625 Posts |
As already mentioned, NNC is notorious for placing problem coins in "plastic clown suits" (love that description S.D.)
This coin has apparently seen circulation and judging by the vertical hairlines on the obverse, has been wiped. My real concern is the off color rim area on the reverse at 3 o'clock. It looks like it might be an ex-jewelry piece. It would not be the first one to land in an NNC holder.
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Moderator
United States
23522 Posts |
Quote:
Those guys and others like SEGS. I just want to break out laughing every time I see their slabs at a show.
I'll take Larry Briggs at SEGS over any other opinion about Seated coinage. I occasionally disagree with their opinions in regard to other issues, but there is never a thought in my mind that SEGS is other than an honest, committed group of coin freaks who want to do what's right for numismatics. Never group these people with the third-world slabs. |
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Bedrock of the Community
13014 Posts |
I wonder if he meant SGS instead?
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Valued Member
United States
179 Posts |
For comparison here's the 56S I owned, this was in a PCGS AU50 holder.  . The ebay coin shown dosent appear MS but it is AU. This is also the S over S variety (mm) once thought rare but about half are the S/S. The obverse details are strong including hair and plumes. The reverse die has been relapped, rather than weakly struck. As to NNC.... I had an 1867 GD graded PL64.... It crossed to PCGS MS64 and then got a CAC green bean. |
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Replies: 17 / Views: 2,793 |
Posted 12/22/2013 7:47 pm
