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 Replies: 13 / Views: 1,626 |
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New Member
United States
27 Posts |
Is this coin worth sending to say Anacs to be slabbed? Is the 1870 shallow N a variety ?   |
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Pillar of the Community
Canada
5417 Posts |
Not sure on the variety part but I'd say the coin is worth slabbing.
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Pillar of the Community
United States
797 Posts |
It appears there may be partial damage at the ear...which could explain the wear on the N.
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Bedrock of the Community
United States
11951 Posts |
I would have to know,the reason you might want it slabbed?
- just because you like slabs
- so you know if it is authentic
- to increase it value for selling
For me it is hard to grade from a picture. My guess would be VG+ to Fine.
I like to look at greysheet for a starting point on value.
For this coin VG is $95/$105 and fine is $180/$195.
Understand that a dealer might pay 50 to 65 percent of this price.
And would deduct for any problems.
Also I am thinking the coin may have been cleaned and has some small
damage in the ear area. I feel these could bring the price down.
Of course this is just my opinion
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New Member
 United States
27 Posts |
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Pillar of the Community
United States
4897 Posts |
Sure would look pretty in an album.
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Pillar of the Community
United States
716 Posts |
Both shallow N and bold N reverse dies were used in 1870. Your coin appears to be a shallow N. According to Snow, the shallow N is slightly scarcer than the bold N but does not carry a premium. The design change on the reverse and the reworking of the dies has resulted in many varieties for this date, most of them minor. You would need much closer pictures of the obverse and reverse to determine any variety. Your coin would probably grade around F-12. The 1870 IHC is tough to find in higher circulated grades. Personally, though if you have no intention of selling the coin, why spend the money to get it slabbed. |
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Moderator
 United States
189142 Posts |
Quote:
Sure would look pretty in an album. I agree.  |
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Bedrock of the Community
Australia
21788 Posts |
As a general rule, To justify the cost of slabbing, the potential value of the itself should provide most of the motivation to proceed. First, you must grade the coin for yourself, or ask us to grade it for you. For most of us with lower value coins, that is plenty enough, and the cost of slabbing is avoided. If the coin has a significant potential value in your mind, a more accurate value can be assessed that could be based on a catalogue value , which would be dependent on an opinion of condition by recognized TPG. Another consideration is if you wish to sell it. As most of us here in the CCF are collectors not traders, there is less motivation across the membership as a whole to have coins assessed by a TPG. It is a good thing if you feel confident enough to accurately grade for yourself. The CCF is an excellent forum to increase your skills in this area. You post 'em, we have fun grading 'em! |
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Valued Member
United States
374 Posts |
I just had some slabs done, and let me tell you why - primarily, I intend to sell the coins. Secondly, there is such a big difference in values between what are some times very small details. Eg. I had five of a specific coin I knew to be about MS-65 or so (a value of about $30), one just came back today at MS-66 and now I know it can command a price well over $350. I would say that was worth the investment. All in all, the 18 or so coins I sent out to get slabbed should, realistically, net in the realm of $1k. Coins cost about $200, grading/slabbing about $200, I take home more than I would have had I not had them graded. Sometimes you get the premiums by research alone, sometimes by spotting just the right variety or error (many of which should be verified by a TPG if a large premium is involved), and other times by receiving a grade that can only be recognized when given by a reputable TPG. |
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Bedrock of the Community
United States
11951 Posts |
The coin looks much better in the new pictures.
Not sure how much you have in the coin, but I would put that coin into my.... To be slabbed pile.
I agree ... Seeing the new pics ... I see no problem with the ear
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New Member
United States
27 Posts |
Thank you all I paid $136 for it probably to much huh? What do the more seasoned collectors here grade it? Lol I'm one who was in the hobby long ago had nice slabbed IHC and a divorce after 22 years wiped them out. Lost interest now I feel like a beginner again Thanks everybody.  |
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Bedrock of the Community
United States
20753 Posts |
GR58's reply is what I'd say too.
Not really worth slabbing and sure would look nice in my Albums.
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New Member
United States
27 Posts |
It found a home in my circulated collection. I need a 09s and that's it to complete the set. Will send pics later. Take care people.  |
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Replies: 13 / Views: 1,626 |
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Posted 02/14/2014 3:52 pm
