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 Replies: 22 / Views: 2,644 |
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Valued Member
United States
259 Posts |
Here are images of a coin that recently sold on ebay. I'm shocked by the grade given. Look at front and reverse pictures before you view the third picture showing the full slab. Frankly, it's troubling to me as it is hardly isolated and not limited to one TPG. I know what I would grade this coin- what do y'all think?    |
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Pillar of the Community
United States
1531 Posts |
Well, I can't argue with that grade because I have no idea how to grade an IHC. I'm a larger-denomination collector... But I do say, it's a nice looking coin. |
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Bedrock of the Community
United States
17884 Posts |
I looked at the coin and immediately thought XF-45 possibly AU-50. AU-58 BN? No way. But someone who buys based on what it says on the label will buy it.
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Pillar of the Community
United States
2368 Posts |
That is pitifully overgraded. The old cliche, buy the coin not the holder. I was having a similar conversation with some guys at my local LCS yesterday.
Edited by wheatchaser140
07/16/2014 10:25 am
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Pillar of the Community
United States
4691 Posts |
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Valued Member
 United States
259 Posts |
I actually think this coin is a VF. According to Rick Snow: "A VF coin will have a full headband (or ribbon) by
LIBERTY, but the ribbon end with the diamond detail will
be connected to the lower hair curl.
A basic XF coin will haver the lower hair curl clearly
separated from the ribbon end.
This is very clearly defined and easy to understand. It is
a wonder that so many grading services get it wrong!"Based on these criteria, the coin looks VF to me. I attached photos showing the weakness in "Liberty" and the headband, as well as worn hair details above the ear and a lack of separation of the headband and hair curls. For comparison, I include a picture showing appropriate details for an AU58. To be fair, if you look at the PCGS photograde images, they are not entirely consistent and this coin could be called an XF based on those images. To me, this is a VF all day long. Arrrrrgh :-(   |
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Valued Member
United States
261 Posts |
wouldn't a weak strike cause the confusion here?
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Pillar of the Community
United States
2563 Posts |
Quote:
wouldn't a weak strike cause the confusion here? Good point, but I don't know. |
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Pillar of the Community
United States
2563 Posts |
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Pillar of the Community
United States
2373 Posts |
I'm at VF35 maybe XF45 on a good day but no way AU58.
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Pillar of the Community
United States
4897 Posts |
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Rest in Peace
United States
4849 Posts |
I have been upgrading my indian set, and I have to say that I agree that grading has been degraded(pun intended)lately. Sure, some of it could be due to weak strike, and if that is the case, I would expect a lot of cartwheel luster on that coin. I can't tell from the pics how much luster is visible, so I would just steer clear. NGC seems in general to be worse than PCGS on indians, especially earlier ones from the 60s and 70s. Personally, I would have given this coin a 40-45 given there is no luster as illustrated.
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Bedrock of the Community
United Kingdom
17914 Posts |
I have some in this condition and have never considered them higher than VF - but then I'm English!
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Valued Member
United States
101 Posts |
I'm not much of an IH grader but I had this pegged at 45. I would think a weak strike contributed to some of it but don't know that it would account for the apparent wear of some of the finer details.
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Pillar of the Community
United Kingdom
1351 Posts |
Maybe Centsles has got himself a part time job at NGC.
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Pillar of the Community
United States
9792 Posts |
Im at VF35 maybe EF40 but nowhere near AU on this IHC. "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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Replies: 22 / Views: 2,644 |
Posted 07/16/2014 10:10 am
