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1899 Gold Half Eagle

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Bedrock of the Community
Joseph7420's Avatar
Canada
11922 Posts
 Posted 07/06/2016  11:24 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list Get a Link to this Reply
I would think AU-58.
New Member
United States
6 Posts
 Posted 07/07/2016  8:25 pm  Show Profile   Bookmark this reply Add Gempy to your friends list Get a Link to this Reply
Thanks for the additional replys. And for the condolences that someone offered.
This really is a kind and generous place. I am new to coins but not new to forums, newsgroups, or Usenet (if any of you know what that is) and this place has the feeling of the good old days filled with the good and promise that the Internet can do, and not the delivery system of and vapid reality personality news that it has become ;)
I did reach out to one of the Westchester, NY dealers who gave a quick reply and offer off $400 pending seeing it in person.
I understand that is a wholesale price, but selling on ebay these days has fat fees that take a chunk out of sales too, making selling there seem like more but in the end almost the same.
I am curious about something that I don't understand... There are several graded versions of this coin on ebay that are in sealed grader boxes (or whatever they are called) and they look far worse to my untrained eye with lots of marks and scratches yet are rated well above the au-58 level... Some are ms-63 and yet look far worse than my example. What am I missing?
Thanks again for you all being so kind and helpful.
Edited by Gempy
07/07/2016 8:30 pm
Pillar of the Community
mdpmedia's Avatar
United States
3546 Posts
 Posted 07/07/2016  8:49 pm  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply

Quote:
What am I missing?


w/o seeing the exact coin you are referring to it's hard to give a 100% applicable response.

Just remember the definition of an MS60:

An often unattractive, possibly impaired coin with surface distractions and scuffed, heavily bagmarked surfaces. Yet, no signs of circulation.

The key here is that once any area on the devices or fields shows the least amount of wearing down from circulation from handling (ie: exposure to incremental amino acid degradation etc.)it drops down from the MS to an AU level.

Incidental dings on the coin from being hit up against adjacent coins in a bag or from being dropped on the floor do not DQ it from being an MS coin.
Pillar of the Community
Jaobler's Avatar
United States
6397 Posts
 Posted 07/07/2016  10:14 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
...with mpdmedia.
It's often the case that an AU-58 coin has better eye appeal than coins that meet standards to be graded MS-63. Many collectors will opt for an attractive AU piece over a bag-marked and lackluster MS-60 to MS-63 piece, especially since the AU coin will theoretically be priced lower.

The fact that your coin is relatively mark-free and attractive is why some of us are suggesting possible grades as high as MS-64. If a grading service decides it is lightly circulated, it should grade AU-58. If uncirculated, that MS-64 is possible. An objective dealer opinion about circulated status should help you decide whether it is worth investing the grading fee to find out.

Good luck!
New Member
United States
6 Posts
 Posted 07/08/2016  12:43 am  Show Profile   Bookmark this reply Add Gempy to your friends list Get a Link to this Reply
Thanks Mdpmedia and Jaobler. I think I understand what you are both saying. The Westchester dealer (found on the suggested PCGD list) that I had emailed said "It won't grade high enough to justify the expense." That suggests you all are spot on with your assessment of it being AU58. Perhaps when actually seeing the coin in person will garner a different opinion but I get the impression that experienced collectors such as yourselves can tell a lot from a photo. Still not exactly sure what you all see that I don't but I know I am a total novice.
Thanks again for the information. I will stop back and report what I sold it for is a couple of weeks (if that is ok to do).
I do have it listed on that auction site if anyone might be interested. You will see the same photos that were posted here.
Thank you.
Edited by Gempy
07/08/2016 12:50 am
Valued Member
icollectyoubuy's Avatar
United States
213 Posts
 Posted 07/08/2016  3:28 pm  Show Profile   Bookmark this reply Add icollectyoubuy to your friends list Get a Link to this Reply
My first thought was AU-58, but regardless is a coin that needs to be sent in!
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