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Posted 08/09/2016 5:37 pm
Okay. I bought the coin raw from a collector. We both agreed that it was an EF-45. For those who think that you would have bought this coin with this much meat on it as an EF-40 or "details grade for cleaning" you can dream on. Dealers have been overgraded these coins for years, since I was a teenager in the 1960s. For an EF-45, this is as good as it gets.
OR you can play the dealer game when you under grade and over price. I've known a few dealers who have done that over years. You grade it EF-40 and charge full retail + 20 or 30 percent.
I sent this coin to NGC. They agraded it AU-58.
I sold it to a want list customer for retail EF-AU money.
If you want a full "LIBERTY" on a certified 1877 cent, be prepared to buy one in at least VF-30 or better. Very rarely have I seen examples of this date with a full "LIBERTY" in Fine-12 to VF-20 or 25 holders. I've seen it, but it's unusual. The old time Fine-12 or 15 is now the modern VF-30.
Finally for a lot of collectors these days, "some crud is good." This coin probably has not sat in a coin collection for a lot of its life. It may have been in a family hoard. It just so happens that it was stored in such a way that it did not pick up any corrodion.
OR you can play the dealer game when you under grade and over price. I've known a few dealers who have done that over years. You grade it EF-40 and charge full retail + 20 or 30 percent.
I sent this coin to NGC. They agraded it AU-58.
I sold it to a want list customer for retail EF-AU money. If you want a full "LIBERTY" on a certified 1877 cent, be prepared to buy one in at least VF-30 or better. Very rarely have I seen examples of this date with a full "LIBERTY" in Fine-12 to VF-20 or 25 holders. I've seen it, but it's unusual. The old time Fine-12 or 15 is now the modern VF-30.
Finally for a lot of collectors these days, "some crud is good." This coin probably has not sat in a coin collection for a lot of its life. It may have been in a family hoard. It just so happens that it was stored in such a way that it did not pick up any corrodion.
Edited by billjones
08/09/2016 5:41 pm
08/09/2016 5:41 pm
