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1893 Columbian - Would Like Some Input

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Dith Pran's Avatar
United States
283 Posts
 Posted 01/22/2016  1:58 pm Show Profile   Bookmark this topic Add Dith Pran to your friends list Get a Link to this Message Number of Subscribers
I have the opportunity to pick this up on the cheap side. It's not the most attractive coin. Do you agree with the grade? What would be a good price?

Seller's pics:

1893-Columbian---Would-Like-Some-Input

1893-Columbian---Would-Like-Some-Input
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Atlas642's Avatar
United States
562 Posts
 Posted 01/22/2016  2:21 pm  Show Profile   Bookmark this reply Add Atlas642 to your friends list Get a Link to this Reply
MS-65 is probably right, but I can't say for sure without holding it and examining.

From what I can see, the sails and globe do exhibit full lines, which is good for high grades. The dark toning on his cheek and hair really throw me off though.

The eye appeal just isn't here on this coin. Unless it looks better in-hand, I'd personally pass and hold out for a more attractive toned or blast-white example. There have been some good deals on ebay for appealing MS-65s over the past couple of months.
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commems's Avatar
United States
12267 Posts
 Posted 01/22/2016  4:03 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Do you agree with the grade? What would be a good price?

I'd have to see this coin in hand to feel comfortable assigning a grade to it. I can't tell from the images if the dark areas on Columbus' cheek, eyelid and hairline are the result of rub or just surface discolorations unconnected to wear.

I believe the coin's visual aesthetics would appeal only to a small minority of collectors and therefore it could prove difficult to sell if such a need/desire arose. I agree with Atlas642, I would pass on the coin and look for one that is more attractive.

If you are intent on purchasing, however.

The Greysheet currently lists the wholesale bid at $325 for the coin in MS-65 and $100 for an example in MS-64. Based on your images, I would not pay MS-65 money for the coin; a strong discount would be needed for me to even consider a purchase.

Hope you're happy with whatever you decide!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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CSOTUS's Avatar
1153 Posts
 Posted 01/22/2016  4:54 pm  Show Profile   Bookmark this reply Add CSOTUS to your friends list Get a Link to this Reply
It's hard to see wear on a coin in mid to high MS grade when its toned. My personal opinion is I wouldn't spend MS 65 price on a toned coin, if its that high grade I want it blast white. But thats me. If you can get it for less than greysheet and you like the coin then I say go for it.
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jbuck's Avatar
United States
188213 Posts
 Posted 01/22/2016  5:56 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I am going by the pictures alone and not making assumptions. It looks like an AU coin that toned and then circulated some, not unlike the affect which creates circulation cameo. I say this because the light areas look worn, not un-toned, if that makes sense.

I do not dislike this coin, I actually find it interesting. However, I do not think it is MS-65 and would never pay more than a lower-AU price for it.
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Dith Pran's Avatar
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283 Posts
 Posted 01/22/2016  6:28 pm  Show Profile   Bookmark this reply Add Dith Pran to your friends list Get a Link to this Reply
Thanks for the info everyone. I've examined similar coins in hand before, and the toning can be tricky. However, I am fairly confident it is uncirculated. Just not sure if it is ms65.
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jbuck's Avatar
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188213 Posts
 Posted 01/22/2016  6:38 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It very well may be uncirculated, I just do not see it in the photos. I am no photographer, my coins certainly look worse in my photos than in hand, so I can remain optimistic that the NGC grade is actually more accurate than my guess. However, as I said, I am judging by the photos alone and not making any assumptions, as to lighting, camera settings, post-processing, etc.
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Dith Pran's Avatar
United States
283 Posts
 Posted 01/22/2016  6:47 pm  Show Profile   Bookmark this reply Add Dith Pran to your friends list Get a Link to this Reply
I agree with what you're saying, jbuck. The photos are definitely tricky.
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Coinfrog's Avatar
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94367 Posts
 Posted 01/22/2016  7:18 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Do you really want this really dull example of a common coin in your collection just because of a TPG grade?

You're right - it's not the most attractive coin.

Pass.
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babysitr's Avatar
United States
1339 Posts
 Posted 01/22/2016  8:10 pm  Show Profile   Bookmark this reply Add babysitr to your friends list Get a Link to this Reply
There are lots of these all over the place! Wait! I have owned several details coins ,and you cannot get rid of them..If you go UNC, (and you should), then shoot for eye appeal first.
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GR58's Avatar
United States
11951 Posts
 Posted 01/22/2016  10:02 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
For me ... I don't agree with the grade.

It sounds like others are not sure of the grade.

Coins like this, if your not sure of the grade
and it doesn't have eye appeal.

Than I would not buy it
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nickelsearcher's Avatar
United States
15414 Posts
 Posted 01/23/2016  7:35 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Not trying to pile on ... simply adding the opinion of an experienced collector of this series.

This is an ugly coin devoid of eye appeal ... and if purchased at whatever price will be eventually re-sold ... where the prospective buyers will view an ugly coin devoid of eye appeal.

There are many MS65 Columbian halves out there ... politely suggest you move on and find a more appealing example.

David
Take a look at my other hobby ... http://www.jk-dk.art
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garys64wildcat's Avatar
United States
593 Posts
 Posted 01/23/2016  8:02 pm  Show Profile   Bookmark this reply Add garys64wildcat to your friends list Get a Link to this Reply
I have a couple of those that Grandma got back when the Expo was going and years sitting in a drawer til I got them. Mine looks better than that one. Not MS 65 to me. more like AU Jbuck noted
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TTcoins's Avatar
United States
51 Posts
 Posted 01/25/2016  1:27 pm  Show Profile   Bookmark this reply Add TTcoins to your friends list Get a Link to this Reply
I can't tell if the coin is low-grade or just ugly. "Low eye appeal" is quite the euphemism - very polite.
It's to difficult to tell with the photos provided, though I appreciate you sharing your coin.
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jbuck's Avatar
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