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 Replies: 17 / Views: 3,091 |
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Pillar of the Community
 United States
3098 Posts |
I came across this 1799 Draped Bust Silver Dollar on ebay. It sold for $2,500. I am not questioning the authenticity of this coin or the seller, but, as I try to learn more about grading U.S. coins, I'm asking opinions on the coin. The seller had it listed as "Almost Uncirculated". What do people think about the grade and also whether the coin is original or has been cleaned? I can't detect any cleaning on it . . . but I am far from an expert. Opinions? Thanks!   Paul Bulgerin
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Pillar of the Community
United States
602 Posts |
looks like it was maybe cleaned in the past, imo. thoughts anyone?
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Bedrock of the Community
United States
10982 Posts |
Detail looks AU but the coin has questionable authenticity. It would be a $5000+ coin if genuine.
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Pillar of the Community
Canada
5417 Posts |
Cleaned? Maybe. Technically though, if it is genuine I'd say AU is fair.
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Bedrock of the Community
United States
10045 Posts |
It's a bit surprising to see an early dollar of that grade in an old, stapled 2x2.  |
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Pillar of the Community
United States
1158 Posts |
Yeah. I have a several thousand dollar coin but I can't spare more than 5 cents to protect it!  |
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Pillar of the Community
United States
4883 Posts |
I wonder if those aren't scans rather than photographs, which might account for how odd the luster (or lack thereof) looks. I'd certainly like better images before shelling out that kind of money.
I'm not seeing anything that screams "fake" to me, but I don't understand why a seller on the up and up wouldn't have a coin like this first certified, even with a details grade it'd bring in a lot more than this pathetic raw presentation did.
Colligo ergo sum
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Pillar of the Community
United States
2368 Posts |
Anyone who pays $2500 for a coin with these pics is just asking to get ripped off.
Edited by wheatchaser140
08/26/2014 08:25 am
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Pillar of the Community
Korea, Republic Of
1881 Posts |
No matter fake or not, it'd be really risky to buy this coin. You can suspect three things: one, a high-value coin not residing in a slab; two, the pics are low quality; and three, the coin is in a 2 x 2 that isn't the correct size for that coin; if I was to handle such a high-value, higher grade coin and sell it, I'd at least put it in a proper sized holder.
Edited by Matteproof
08/26/2014 08:36 am
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Pillar of the Community
United States
1903 Posts |
I was reading an article last night about faked dollars of this type, aren't the denticle's suppose to run all the way across the edge of the coin as they weren't using a collar at this period? I am a complete novice so I am likely wrong
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Pillar of the Community
United States
4692 Posts |
Compare to mine.   |
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Moderator
 United States
16679 Posts |
Nowadays, with all the fakes coming out of China, including those in fake slabs, you must buy from a reputable dealer who gurantees his/her coins. Buying off of ebay for one of these raw, you are just asking for it. swcoin.ecrater.com
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Valued Member
United States
320 Posts |
How come wveryone right away questions a coin because its not in a TPG holder? Is this for peace of mind because of not only the fakes, but the altered coins on the market? My grandfather prefered raw coins. I dont know why but he did. Yes, a lot of his collecting days were when TPG didnt even exsist, but he collected for many years while pcgs, ngc etc were around. I have also spoken with many big collectors who feel the same way. They like to actually hold the coin vs it being in a plastic holder. I for one like graded. My reasoning is simple. Out of every raw coin I bought in the last several months, all had some sort if issue... Cleaned, polished, whizzed, tooled, questionable obverse or reverse etc. id like to think people dont know but they came from dealers! So I assume right away something is wrong with this coin. Its high value not in a holder. Id wait till one shows up graded |
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Valued Member
United States
114 Posts |
I'm suspicious because the seller didn't put more reflecting light on the flip so you can make a better decision based on not being to see any details. ;-P
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Pillar of the Community
United States
4883 Posts |
Ant76 - I also prefer raw coins, but... An expensive and often counterfeited coin such as this is a different story, especially if you can't examine it in hand. I'd remark that no reputable auction house would nowadays sell something like this uncertified. Most brick & mortar dealers wouldn't, either. So some fellow hawking one raw on ebay is just a questionable situation on the face of it. Colligo ergo sum
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Pillar of the Community
United States
3253 Posts |
I'm with Ant.
The absence of a slab is not proof of a fake or problem coin. More importantly, in this day and age, neither is the presence of a slab a guarantee of authenticity. Due diligence on the part of the buyer is still necessary. "It's not in a slab; there must be something wrong," is not a useful post, and I would expect more from our forum members.
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Replies: 17 / Views: 3,091 |
Posted 08/26/2014 12:57 am
