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 Replies: 10 / Views: 1,622 |
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Pillar of the Community
United States
2724 Posts |
Not to disillusion anyone, but this coin was broke out of a second generation ANACS holder that listed the coin as VF-25.
According the the standards, VF-20 means two-thirds of the hairlines from top to ear must show. Ear is well defined. Breast feathers are worn. So the coin would meet that standard.
However, since I buy the coin, not the holder. This coin is listed in my "Dollar" sale as VG-10
Even though the market will accept VF, I hold my coins to a higher standard.
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Valued Member
United States
157 Posts |
I'll buy VG-10s all day from you that look like that, and twice on Sundays.
As for the original grade, I just can't convince myself that "VF-25" is a useful grade. I can understand 20 as the base VF, 30 as a nicer coin but still not a "just miss" EF coin, and 35 as an EF coin that is just barely lacking in a key grading criterion, but 25 seems like splitting hairs to me.
Same with AU-53, actually, for similar reasons...but VF-25 even more so.
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Valued Member
United States
411 Posts |
I'm with ziggy on this. It's a very good point about how VF25 is not a "useful" grade. In my own personal catalog, I have given up on trying to assign numerical grades to my circulated coins. I recently revised the grades (down) that I had tentatively assigned to all my coins, and in doing so, I abandoned the effort to assign numerical grades on circulated coins. Now, I list my coins as G, VG, F, VF, and so on. I might add a "+" if I particularly like looking at a coin - In fact, I would do that in this case because it's an attractive example of a "FINE" graded coin. I'm unpersuaded that there is a clearly objective difference between a F12 and and a F15, etc. Since I am not looking to sell my coins anytime soon, I like letting the grades have some breathing room, if that makes any sense.
I'm a little surprised that ANACS graded it so high. From what I've seen, they're pretty conservative.
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Pillar of the Community
 United States
2724 Posts |
You guys have to remember that "commercial" grades change with the wind. They are looser today than anytime in history. As sad as it is, it is the fact that we all have to deal with.
I could take this coin to any show, and sell it as a VF. But I have learned that just because I can do something, doesn't always mean that I should.
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Rest in Peace
United States
2684 Posts |
I feel vindicated that someone agrees with my initial impression that it is a VG-08 or very close. Having had PCGS send me back all sorts of Morgans with lower grades (none higher) than I thought they might have warranted, I'll stick with the VG. Now if ND would send it to PCGS, we could see what they really think.
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Pillar of the Community
United States
7123 Posts |
I feel vindicated VF-20 ,,, and why do you want the coin to go to PCGS are they the yard stick ?
Rick
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Pillar of the Community
United States
2724 Posts |
quote:
Originally posted by Metalman
PCGS are they the yard stick ?
As sad as it is, commercially they are. Routinely they set the market when it comes to value. Way too many people paying for the slab. |
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Valued Member
United States
363 Posts |
Not to beat this thread to death, but why was this coin in a graded holder at all? It is just a common date 1880-S, right? Even the overdates don't bring much of a premium until they reach mint state. Or is that mintmark a CC?
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Rest in Peace
United States
2684 Posts |
quote:
Originally posted by adobero1
Not to beat this thread to death, but why was this coin in a graded holder at all? It is just a common date 1880-S, right? Even the overdates don't bring much of a premium until they reach mint state. Or is that mintmark a CC?
Good point. 1880-S's at grades up to mid-MS aren't normally worth the cost for grading. Possibly, someone had a promotional freebie grade available or maybe someone had a series collection they wanted authenticated with the grade being immaterial. My older PCGS population report shows only two circulated 1880-S Morgans graded. Fred |
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Pillar of the Community
United States
2724 Posts |
It is an 1880-O Morgan, not that would justify the cost of grading. However, I am often surprised why people slab half the coins that they do. Even in the lofty grade of VF this coin has a retail value of $18 to $20
Companies like Anacs often run specials on 10 coins submitted, so it could be that this coin was slabbed just to get the "special" price. That would be the most logical reason.
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Valued Member
United States
421 Posts |
I would have called it a Fine. Probably a 12 if I typically used numbers.
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Replies: 10 / Views: 1,622 |
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Posted 11/18/2005 7:37 pm
