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Worn 1870-S Half Eagle: Quite A Scarce Coin!

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Author Previous TopicReplies: 14 / Views: 1,580Next Topic  
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Jaobler's Avatar
United States
6389 Posts
 Posted 10/28/2016  2:46 pm Show Profile   Bookmark this topic Add Jaobler to your friends list Get a Link to this Message Number of Subscribers
I'm a big fan of low-population Liberty gold coins. Some of these are under-appreciated as to rarity and on occasion may be purchased at reasonable cost, especially if they are low grade. Here is a typical example: an 1870-S half eagle, well-circulated and certified by NGC. Mintage is just 17,000 and PCGS estimates that less than 100 examples survive in all grades. What are your comments and grading opinions?


Worn-1870-S-Half-Eagle:--Quite-A-Scarce-Coin!

Worn-1870-S-Half-Eagle:--Quite-A-Scarce-Coin!
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BigSilver's Avatar
United States
2843 Posts
 Posted 10/28/2016  2:55 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
F15 if it is straight grade.
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 10/28/2016  4:04 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
F-15
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Coinfrog's Avatar
United States
94367 Posts
 Posted 10/28/2016  4:36 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Nice coin, thanks for sharing.
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GR58's Avatar
United States
11951 Posts
 Posted 10/28/2016  7:41 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Fine 15

And a very nice addition to your collection
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BH1964's Avatar
United States
10982 Posts
 Posted 10/28/2016  10:11 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
VF20 to me. The obverse issues could have it at VF Details though and if netted then F15. Would be a very nice buy for under $1,000.
ANA #R3154474
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Joseph7420's Avatar
Canada
11922 Posts
 Posted 10/28/2016  10:40 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list Get a Link to this Reply
F-15.
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Dustin6's Avatar
United States
3516 Posts
 Posted 10/28/2016  11:02 pm  Show Profile   Bookmark this reply Add Dustin6 to your friends list Get a Link to this Reply
F-15 here. Great coin!!
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IndianGoldEagle's Avatar
United States
36782 Posts
 Posted 10/29/2016  09:18 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
F-15
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Jaobler's Avatar
United States
6389 Posts
 Posted 10/29/2016  9:42 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
NGC gave this coin a straight F-12 grade. There are no serious marks given the overall level of wear. Color is pleasing and surfaces look original. My cost was $625 in April 2016 and I think it was money well spent.


Worn-1870-S-Half-Eagle:--Quite-A-Scarce-Coin!
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GR58's Avatar
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11951 Posts
 Posted 10/30/2016  08:49 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Looks great, even better in a problem free holder
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dsfreeworld's Avatar
United States
4337 Posts
 Posted 10/30/2016  10:43 am  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
Great looking circulated gold and scarce to boot. I agree that you can pick off great underappreciated coins with the right searching.
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Jaobler's Avatar
United States
6389 Posts
 Posted 11/02/2016  11:21 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
I have another NGC-certified half eagle, an 1868-S, which is very comparable to the 1870-S in terms of wear. Oddly, NGC called this coin VF-30! It certainly appears to me that very different standards were used for grading these two coins.




Worn-1870-S-Half-Eagle:--Quite-A-Scarce-Coin!

Worn-1870-S-Half-Eagle:--Quite-A-Scarce-Coin!

Worn-1870-S-Half-Eagle:--Quite-A-Scarce-Coin!
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GR58's Avatar
United States
11951 Posts
 Posted 11/02/2016  11:33 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I agree .. the wear on the two coins are very similar .. for such a difference
in grades.

I would have to wonder if they looked at a couple small hits on the 70S.
and knocked the grade down.
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BH1964's Avatar
United States
10982 Posts
 Posted 11/02/2016  12:00 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
The VF30 grade on your second piece is very liberal. I could see stretching it to 25 but no higher.

Your 1870-S is conservatively graded and perhaps net graded a tad for the issues at the obverse center. A solid buy at $625.
ANA #R3154474
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