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1877 Indian Head ANACS Certified G-4..huh?

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Mike1487's Avatar
United States
709 Posts
 Posted 11/18/2014  1:19 pm Show Profile   Bookmark this topic Add Mike1487 to your friends list Get a Link to this Message Number of Subscribers
I could make an endless number of topics on this kind of thing; this one really stands out though.

http://www.ebay.com/itm/1877-1C-G4-...047675.l2557

If you looked at this coin not slabbed, first impressions? This is one of the ugliest G-4 cents I've ever seen. Uneven color and dark spots, rims don't look full (which is a requirement for Good, although it is hard to see all the way around in the holder), and there is a large planchet flaw(?) or something on the reverse.

How do coins like this get graded problem free? Maybe it looks different in hand, but it looks terrible in these pictures.
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rottnrog's Avatar
United States
152 Posts
 Posted 11/18/2014  1:23 pm  Show Profile   Bookmark this reply Add rottnrog to your friends list Get a Link to this Reply
It looks OK for G4 to me. I think what you are seeing on the reverse is scratch on the slab.
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 Posted 11/18/2014  1:37 pm  Show Profile   Bookmark this reply Add Tryna to your friends list Get a Link to this Reply
It looks just about what I weould expect a G4 cent to look like. If you think it is over graded then do not bid on it.
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 Posted 11/18/2014  1:38 pm  Show Profile   Bookmark this reply Add Tryna to your friends list Get a Link to this Reply
note to self: Spell check!
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Mike1487's Avatar
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 Posted 11/18/2014  1:40 pm  Show Profile   Bookmark this reply Add Mike1487 to your friends list Get a Link to this Reply
You're right, I see the slab scratch now. The obverse color just looks very uneven to me.
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unholyroller's Avatar
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 Posted 11/18/2014  3:51 pm  Show Profile   Bookmark this reply Add unholyroller to your friends list Get a Link to this Reply
I am a bit confused...I am still learning about slabs and grading, but if I am correct, grading has nothing to do with eye appeal and is simply a technical assessment of the coin's condition. Am I wrong?
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bpoc1's Avatar
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4078 Posts
 Posted 11/18/2014  3:55 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply
Mike1487 said,
Quote:
How do coins like this get graded problem free? Maybe it looks different in hand, but it looks terrible in these pictures.

This is true but, knowing it has been graded by a TPG does not mean the right grade. This coin is a key coin and could go for big bucks in any grade. Look how many bids already.
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DVCollector's Avatar
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 Posted 11/18/2014  4:16 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
It's necessary to slab a coin like this--but it sure doesn't help you see the details. So I'm unsure what do make of the obv. rim at 2:30
Otherwise, it looks more or less like G4 to me...
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edweather's Avatar
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 Posted 11/18/2014  4:25 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Yea, the uneven obverse wear is odd, but I'm with others who say it's ok for a G4. At worst you could say it's "market" graded, which is common.
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BH1964's Avatar
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10982 Posts
 Posted 11/18/2014  4:35 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
unholyroller wrote:I am a bit confused...I am still learning about slabs and grading, but if I am correct, grading has nothing to do with eye appeal and is simply a technical assessment of the coin's condition. Am I wrong?


You are incorrect. What you describe is "Technical Grading". All TPG use "Market Grading" where a coin's eye appeal, strike, wear, luster, market value, etc all factor in to the assigned grade. The difference between market grade and technical grade should not be huge but can and does mean thousands of dollars in value in some cases.
ANA #R3154474
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jimbucks's Avatar
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4692 Posts
 Posted 11/18/2014  4:40 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
looks g-6 to me
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Mike1487's Avatar
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709 Posts
 Posted 11/19/2014  02:21 am  Show Profile   Bookmark this reply Add Mike1487 to your friends list Get a Link to this Reply
One thing I've noticed is that all 1877's appear to be more worn towards the top of the coin, which is presumably due to the weak strike common for that year. Good examples such as these often have the rim blended in at the top. One could make an argument that this is part of a special set of rules for grading 1877's, which the TPGs often do along with their market grading of key dates, especially.

I wouldn't call the coin in my original post a question of eye appeal, I was thinking more along the lines of an old cleaning with uneven retoning. I don't think 1877's were known for having streaky planchets (like the 1908s and 1909s for example). Uneven color usually points to cleaning or environmental damage.
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Debrajc's Avatar
United States
4211 Posts
 Posted 11/19/2014  07:24 am  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
>>It's necessary to slab a coin like this--but it sure doesn't help you see the details.<<

My 2 cents worth..... I am one of those that can't always buy a high grade key coin for my sets. A $750 G-04 was the best I could do to fill that hole so I bought a slabbed one to at least have the piece of mind that it wasn't counterfeit, cleaned etc. as I don't have an eye for those things. Same goes for an AG-03 1916D Mercury dime I have. I wanted a slabbed one so I would know it was genuine and as much as I would have liked to have it in a better grade, I knew when I started those sets that a low grade bottom of the barrel "filler coin" was all that I was going to be able to come up with. Once I got them I broke them out of the slab and put them in my book. So...sometimes there is a reason to slab a G-04

Edited by Debrajc
11/19/2014 07:26 am
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kanga's Avatar
United States
5825 Posts
 Posted 11/19/2014  08:31 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
That listing for the 1877 shouldn't even BE running.

Notice that the front of the slab is not fully shown (violation of ebay rules).
And that the title only says "Authenticated".
I suspect it is a DETAILS slab.
And unless I missed it the full back of the slab is not shown at all (violation of ebay rules).

I think the seller is headed for a neg.
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TreasHunt's Avatar
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2540 Posts
 Posted 11/19/2014  09:08 am  Show Profile   Bookmark this reply Add TreasHunt to your friends list Get a Link to this Reply
Kanga:

Look at the later pictures, the full slab is shown
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edweather's Avatar
United States
7375 Posts
 Posted 11/19/2014  5:26 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Looks like it didn't sell, 'reserve not met.'
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