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 Replies: 12 / Views: 1,724 |
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Pillar of the Community
United States
3843 Posts |
This particular coin is being discussed on a few message boards and I thought I would open up the discussion here too. I realize that the TPGs often grade key date coins with a bit more leniency then they do the common dates BUT I cannot understand how they graded this 1860-S Seated quarter as a XF-45. It can be argued that it has a weak strike, and that might be true but still I don't see this coin as XF. It also has a lot of distracting marks too that I'd think would further diminish its chances of getting into XF plastic. Is this indeed a weak strike and is its grade justified in your opinion? 1860-S 25C Seated quarter PCGS XF 45 http://www.ebay.com/itm/1860-S-25C-...em20efe27880
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Valued Member
United States
415 Posts |
Looks VF Details at best to me. However, When you factor that heritage might have submitted it, I'm surprised they didnt give them an ms65 lol
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Pillar of the Community
United States
2189 Posts |
VF at best, cleaned..and not lightly.
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Bedrock of the Community
United States
10982 Posts |
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Moderator
 United States
16677 Posts |
That's definitely wear, not strike.
PCGS botched this one.
VF25 details/cleaned.
I like how Heritage called it "Frosty" as a selling point.
Think they should have used "Dull" instead?
swcoin.ecrater.com
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Moderator
United States
15392 Posts |
Concur with the experts ... an over graded coin and likely cleaned.
David
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Pillar of the Community
United States
1215 Posts |
Well, it may be technically VF25, but value is contingent on what people will pay for it... Unfortunately, some people still do not know to buy the coin and not the holder, so they will bid xf price for the coin... thus, making it in effect an XF coin.
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Pillar of the Community
Canada
5417 Posts |
VF-Cleaned haha. I see this problem (Generous Grade + Details coin in Problem-free slab) a lot more with Seated quarters than with any other series. Especially the 1853. |
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Pillar of the Community
Puerto Rico
778 Posts |
If Heritage or a big dealer submits a coin to a TPG it will receive a better grade than if any of us do it.  |
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Forum Dad
United States
24149 Posts |
Quote:
thus, making it in effect an XF coin. Nope, paying 60K for an AMC Pacer doesn't make it "effectively a Cadillac." |
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Pillar of the Community
United States
1704 Posts |
This quote is from Gerry Fortin's October 30th blog entry and you will find it most interesting about recently graded Seated Liberty quarters. Only the paragraph regarding his lot viewing at the Baltimore is quoted and is unedited. If you wish to see the entire entry for this date here is the link to the October blog entries: http://www.seateddimevarieties.com/...ober2014.htmQuote:Greetings from Baltimore! I arrived fairly early yesterday and after checking GFRC inventory into Whitman security, took in the Stack's auction preview. Focus was on bust and seated offerings during lot viewing. I don't know how to say this in a manner that is political correct....I was completely disgusted with many of the Seated coins in PCGS holder. I'm not speaking about 1-2 random coins but rather the majority of the Seated quarter and and some of the Seated half dollars. These were not marginal coins but obviously cleaned bright pieces that had no reason to be certified by PCGS. All were in new holders. Rich Uhrich was sitting next to me at the Stack's preview and had the same opinion. We went to dinner and wondered who submitted these piece to PCGS as obviously if GFRC submitted them, they would be returned in Details, Cleaned holders..... Edited by Gyrene7483
11/08/2014 7:51 pm
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Valued Member
United States
87 Posts |
I can't see any cleaning but would need to see more images or the coin in person. There appears to be some dirt that could be removed with solvent. The surfaces of the coin have more small marks than one would like to see normally. The stars are weak, likely strike. Frosty? I doubt it but again would need to see the coin in person. Grade? based on wear a higher VF but overall with all the contact marks an average VF: Vermontensium mentioned VF 25, I concur or perhaps VF 30. From the Heritage images the very best grade would never be EF 45. Just my Two Cents worth. It is a disservice to the coin market to have that nice rare coin over-graded. Too bad |
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Pillar of the Community
United States
3233 Posts |
That's a mistake in the holder and not worth Choice XF money (even if technically it was an XF).
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Replies: 12 / Views: 1,724 |
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Posted 11/08/2014 4:28 pm
