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 Replies: 14 / Views: 1,877 |
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Valued Member
Canada
82 Posts |
I found this coin in a bin for a dollar at a coin shop a couple years ago. It's full of lustre, what grade would you give it ? it has some nicks on it but it's a great looking coin. Image:  1920.jpg36.01 KB Image: 1920l.jpg37.31 KB Edited by grmike
02/09/2008 10:19 pm
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Valued Member
United States
328 Posts |
AU50 due to a bit of wear on the obverse, but I like it.
Edited by gbchaosmaster
02/10/2008 11:13 am
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Pillar of the Community
Canada
1106 Posts |
With that much wear I don't think lustre is what you are looking at. It may have been cleaned in the past then toned over the years. I would think it would grade at VG-8, maybe Fine. Photos are too small to give an acurate grading. Here is a 1911 which I would grade at AU-55   Edited by chrycopaul
02/09/2008 10:22 pm
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Valued Member
 Canada
82 Posts |
I've seen a lot of large cents in the last couple years since I started collected coins, never have I seen one with this much lustre. I can just about guarantee it has never been cleaned. It has some major wear on the highest point of the crown on the back but besides that it looks great. I found it in a bin with dozens of other old coins in bad condition, the couple of nicks on the front of it would probably have come from there.
just the look of the coin/amount of mint lustre on it, in my opinion would at triple its value from what its grade is worth. so if it's ef/au that's 10*3 30 dollars. I've seen 60 dollar coins that have nothing on this one.
Edited by grmike
02/09/2008 10:12 pm
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Pillar of the Community
Canada
1106 Posts |
Mint lustre does not affect the grade of a coin. As you said there is major wear which is present on the obverse and the reverse of the coin. No matter how much you wish it to be true, that is not an AU coin by anybodys standard. At a grading of Fine Charltons lists this at $1.00.
Edited by chrycopaul
02/09/2008 10:37 pm
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Valued Member
Canada
82 Posts |
I'm not sure how to make the photo larger so you can see the detail, but on the back the wear isn't as bad as it seems. If I took off all of the lustre so that it looked like your coin, the detail at the highest point of the crown is at least 60 percent visible. If I saw this coin in a store selling for 10 dollars I'd buy it immediately, it looks brand new. it feels like it came out of a new roll.
the red lustre on this cent, I've only seen it matched by ms63+ large cents.
Edited by grmike
02/10/2008 02:51 am
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Pillar of the Community
Canada
1106 Posts |
  ] Edited by chrycopaul
02/10/2008 12:17 pm
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Pillar of the Community
Canada
1106 Posts |
If you removed the lustre from your coin it would look like mine? The part of your coin that receives the least wear is between the letters of the legend, thus the lighter colour. Also inside the ear is lighter for the same reason. All that brown and dark brown shading is wear. On the reverseyou will notice the highpoint on all the leaves are darker because being high point receive the most wear.
Edited by chrycopaul
02/10/2008 12:29 pm
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Valued Member
Canada
82 Posts |
the high points of the leaves still have the detail on them so I'm not sure I agree with you that it's worn on that side. The detail on that side of the coin is AU-MS60. the other side is the only part of the coin you notice a problem, but it isn't as bad as it seems in the photo. Looking at the coin I can easily make out every rectangle in the crown, that's why I think that if I removed some of the lustre the wear on the head wouldn't seen nearly as bad, remember the lustre on the coin is thick. The surface of that part of the coin, along with the detail in his garments is MS63. There isn't even a nick in the surface. Overall surface preservation is at least an EF, I'd say the lowest is AU since I can see every rectangle in the crown and lustre is very thick (I'm looking at the coin and every rectangle in the crown is there, there was some wear on the middle one and the thick lustre made it look worse) Eye appeal is 10/10 I'm guessing it was used as currency for maybe a year then was stored away. I've seen other large cents and noticed that some parts of them (even the MS62-63 ONES) are really dark in some areas and bright red in others. It doesn't mean that the dark areas are all worn, the lustre is just a different color. If I find a better scanner I'll take a larger sharp photo and post it, focussing on the crown. "  " Edited by grmike
02/10/2008 4:24 pm
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Pillar of the Community
Canada
1106 Posts |
Well there is no arguing it then. You are convinced you have a AU/MS63 graded coin there. If you say it enough it must be true. Just curious. I say mine is AU. What would you grade it at?
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Valued Member
Canada
82 Posts |
"If you say it enough it must be true" not sure what you mean by that, I don't think you'd be able to find a large cent like this for a dollar. if you're coin had lustre it would have the eye appeal of an ms60-63 coin, the surface preservation looks really good (9/10) but it looks like it was cleaned or didn't age really well. I think that's the only thing keeping it from being a MS coin. I think there's more to a grade than surface preservation. I'd grade mine as AU58 and value it at no less than 15 dollars. I don't think I'd have trouble finding a buyer for it whether in a store or on ebay because outside of that little wear the coin has ms63 qualities. If you find a coin that looks this good being sold as a vg/f or for a dollar provide the link and I can compare. so far I've got a Peace dollar that has lustre and only a few bag marks, graded as fine and large cent with ms65 eye appeal as worth a dollar. I guess coin graders don't like the small photos. Edited by grmike
02/10/2008 10:44 pm
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Pillar of the Community
Canada
1106 Posts |
There is more to grade than surface preservation? Really? All these years of collecting coins and I just learn this now. Sounds like the mantra of an ebay seller trying to separate me from my money with phrases like "This coin would be mint except for the wear and nick on it" What I am gathering is that you post asking for grades, but if you don't like what you hear as with this coin and the Peace dollar you reject that reality and substitute your own. You say your coin has "lustre" and mine doesn't. Sir ...your ignorance is showing. The difference between you and I, is that I could probably pass mine of as an MS coin but give it a conservative grade of AU. You are trying to pass a Fine coin at best and give it a grade uf AU/MS 63. But I guess you and your two years collecting would know better. Edited by chrycopaul
02/11/2008 12:35 am
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Pillar of the Community
United States
1490 Posts |
With all due respect to both parties there really is no comparison between the two Canadian Large Cents with chrycopauls being superior.
chrycopaul the color of your reverse is very nice. I love it.
grmike I am not familiar with grading canadian large cents but your coin doesn't look AU or MS to me. Now having said that it is a nice coin and you got a great deal for a $1.00. Enjoy it!!
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Valued Member
Canada
82 Posts |
I have seen some other really nice coins have some wear that took them down to vf/ef even though they had great eye appeal, toning. I'm thinking that eventually that aspect of the coin will become a lot more important in determining the value of a coin than it does today (the coin I saw was a 1942 silver quarter (Canada) it was being sold for 4 dollars but the front of it had very nice rainbow toning, the back had some wear which appeared to be overexaggerated because the rest of the coin was in such great condition. My collection has everything from MS63 1903 British penny to ICCS ms62 Morgan dollars to BU gold sovereigns, gold eagles, very nicely toned old uncirculated silver coins but this large cent has always stood out above the rest. I'm not sure if the coin market has reached the stage yet where coins with exceptional eye appeal are worth more than their grade. I'd think with this much eye appeal the wear on the back wouldn't be as significant as it would be with an average coin. I think that if you put the lustre, eye appeal of my cent with the surface preservation of yours you'd have an ms64 cent. Edited by grmike
02/12/2008 12:49 am
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Valued Member
United States
155 Posts |
Eye appeal can never make up for wear on a coin, and I must be missing the lustre, maybe you need to take a new picture. Paul that is probably the prettiest Canadian cent I have ever seen.
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Replies: 14 / Views: 1,877 |
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Posted 02/09/2008 10:05 pm
