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 Replies: 13 / Views: 1,323 |
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Pillar of the Community
United States
4963 Posts |
I have a few questions regarding what to do with six gold pieces that were inherited by my family (not specifically me, but they will be mine eventually) from my great-grandmother who passed away five years ago. None of us are quite sure how she got them, but she had them loose in a little cardboard box with a bunch of Swiss Helvetias and a Sovereign. The coins are as follows: one half eagle, 1861, and five quarter eagles, of which four are common dates- 1851,53,55 and 61. However, the coin I am most excited about is the last quarter eagle, an 1856-C. The coins are all in mint state. I'm not quite sure on the grade of the '56-C, but as Charlotte issues of this year are known to be poorly struck with low quality dies on low quality gold, I believe it is. I will post pictures and scans of the coins when I get a chance in the afternoon. I would like to have them all graded, as well as maybe an 1886 Morgan that was graded on this forum as MS 63-65. I want to know if you favor NGC or PCGS, and why. I lean toward NGC, but could be swayed in the other direction. I would also like to know if I should submit them via a dealer or by myself. |
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Pillar of the Community
United States
3210 Posts |
Please post some pictures not everyday we see Charlotte gold on here. I'd definitely send the gold in to pcgs or ngc, but wouldn't perhaps waste the money on the 1886 Morgan in my opinion it's a very common date easily obtainable in high ms. If it were a 1893 s I'd be shipping it asap lol
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Pillar of the Community
 United States
4963 Posts |
I'm on my way to school, I will post around 2:30 to 3:00, about 6:00 forum time.
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Moderator
 United States
23522 Posts |
I want very, very badly to see a Mint State 1856-C Quarter Eagle. It may be the only one any of us ever see. There are perhaps half a dozen known in Mint State. NGC has a 63 and a 64 (which has apparently never been seen in public) and PCGS has nothing finer than MS62. One has not appeared at auction since 2012. Get it into a Mint State slab, and you have a 5-figure coin regardless of the grading service. Heck, get it into an AU slab and you probably have a $5000+ coin. By way of verification, look for strikethroughs, especially on the obverse. You'll know the obverse one when you see it.  |
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Pillar of the Community
United States
4469 Posts |
I have a membership at both PCGS and NGC. On high end coins, I would use PCGS as the coins on resale have a little higher value and if you have a real nice high end coin there is nothing better than a PCGS and a green sticker. On coins under $300, I use NGC economy because it is cheaper to get the coin in a slab. In my opinion both companies grade about the same.
When you send your coins, make sure that you get insurance and a signature. On mail return both companies will require you to pre pay for insurance.
If this is a one time submittal, using a dealer is fine, but if you are going to continue to submit, then, you should get a membership.
Good luck on your grades.
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Pillar of the Community
United States
4963 Posts |
Quote:
By way of verification, look for strikethroughs, especially on the obverse. You'll know the obverse one when you see it. There is a very weak point on the coronet around the letter E, but I am 85% sure it is not a strike through. Sorry about the delay, pictures will come soon. I knew about the pair of PCGS MS-62s, but not the NGC ones. Thank you for the information. Like most or all 1856-C pieces, the date is struck with a punch too small for a Quarter Eagle and the mintmark with one too big. I believe it to be struck with the same dies as many other examples I found online. Was only one set of dies used for this date? If so, the weak area is the 'die rust' which is more pronounced on other examples, leading me to believe this is an EDS. |
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Pillar of the Community
United States
4963 Posts |
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Pillar of the Community
United States
4963 Posts |
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Pillar of the Community
United States
3163 Posts |
not a gold guru but does not look MS to me.
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Pillar of the Community
Canada
5417 Posts |
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Pillar of the Community
United States
6394 Posts |
Looks like a solid XF-45 to me and might make AU-50 based on luster. There are some hairline scratches but they appear faint and there's a good chance IMO that PCGS would judge them market-acceptable and grade the coin as problem-free. I would go with PCGS myself but NGC is a valid choice as well.
It's a very nice piece, scarce and valuable. The PCGS price guide has it at $3400 in XF-45 and realistically it would likely sell at auction for $3000 or so in that grade (in PCGS plastic, of course). Well worth sending it in for a grade!
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Pillar of the Community
United States
4963 Posts |
You may be right, but consider that Charlotte mint coins are known to be poorly struck- the following coin, found online, was graded MS-61 by NGC.  |
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Pillar of the Community
United States
9792 Posts |
Numisma, are you submitting to sell? Or just curious as to the grades and looking for a good protective storage medium? If selling, you may consider an auction, or directly through whomever the dealer that is purchasing them is, ie:Heritage Auctions (along with most big auction houses) will submit the coin for you, they may actually get better grades just due to the amount of coins they submit (I know the TPG's deny this fact, but it happens) A dealer or company spending a $100K/month submitting coins is probably apt to get better treatment than an individual that submits one or two coins occasionally. (I know this used to happen a lot for a fact, as my coin buddy from high school days, left PCGS and started his own grading company (now sold to different owners) due to this very fact. ICG where each coin went to a CPA firm that removed any trace of ownership, placed each coin in a new holder with only a barcode for ICG to use through the grading process, then the coins were returned the CPA firm where they matched up the now graded coins to the original submitter and returned them, thereby eliminating bias as to grading higher for certain individuals of firms. I'd go with PCGS personally on the US Gold, NGC on the other gold. "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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Pillar of the Community
United States
4963 Posts |
I am not planning to sell, although that decision is ultimately up to the consensus of my family. I probably will go with NGC.
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Replies: 13 / Views: 1,323 |
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Posted 06/02/2015 09:45 am
