Another Example Of (Imhp ) What I Deem To Be An Ugly Coin - Page 2

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Author	Replies: 44 / Views: 4,968	Page: of 3

Omegaraptor Valued Member United States 321 Posts	Posted 11/20/2016 3:18 pm Quote: In the spirit of this post, I'll throw out another one that I've been watching. Beautiful coin and graded au-58. http://www.ebay.com/itm/142156777996 But is it cleaned or uncleaned? Most likely cleaned. This coin is over 170 years old. It shouldn't look white. Report this Post to the Staff
Tbone Pillar of the Community United States 1839 Posts	Posted 11/20/2016 4:09 pm Certainly been dipped http://www.coinweek.com/featured-ne...ipped-coins/ Report this Post to the Staff
paralyse Bedrock of the Community United States 12057 Posts	Posted 11/20/2016 5:18 pm I keep this coin both as a teaching tool and as a reminder of why you should educate yourself when new or returning to the hobby before you spend a couple hundred bucks on a disaster. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Report this Post to the Staff
TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 11/20/2016 10:54 pm That 1844 is definitely dipped, but not cleaned. The article jpbone linked offers an excellent explanation. To collectors who prefer the eye-appeal of a new-looking over original coins (just being matter-of-fact here, not trying to chide you), the 1844 is certainly attractive. To collectors who prefer surface originality, the 1844 would be considered damaged and worth a substantial discount. Keep in mind the surface quality is still the same if it was dipped correctly. Value is dependent on on a specific collector's preference. Also keep in mind that CCC often overproces their coins, so do your research on what a specific coin is consitently going for in major auction houses and try to pay that or less. Report this Post to the Staff
dsfreeworld Pillar of the Community United States 4337 Posts	Posted 11/21/2016 08:35 am IMO, originality is key for advanced collectors who have money to spend regardless of the grade on the holder. "Wholly original" is going to get the money at any grade every time. The skin on that 1850 is Paralyse, that 1843 is PCGS AU53 Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 11/21/2016 5:05 pm Fantastic coin! Report this Post to the Staff
jaxenro Pillar of the Community United States 533 Posts	Posted 11/22/2016 6:26 pm Many Morgans are white and uncleaned due to the environment they were kept in. I like my Morgans white and my Trade dollars dark with age. Sometimes it fits the coin better. Compare these two Edited by jaxenro 11/22/2016 6:27 pm Report this Post to the Staff
jbuck Moderator United States 189142 Posts	Posted 11/23/2016 11:31 am I like the dark and aged Trade dollars, too. I just bought one recently. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
MikeF Pillar of the Community United States 3479 Posts	Posted 11/23/2016 6:21 pm Quote: Certainly been dipped http://www.coinweek.com/featured-ne...ipped-coins/ Thank you for the link! Does anyone know what the grey sheet price is for an 1850 au-58 dollar? Report this Post to the Staff
Tbone Pillar of the Community United States 1839 Posts	Posted 11/23/2016 6:41 pm I don't know what the current grey sheet is for it but here is a link to past auction records for an 1850 au-58 dollar http://www.PCGS.com/auctionprices/d...=ms&c=29&g=0 You'll need to enter 58 into the grade box and click on the filter button. You can click on the links and view images of each coin when it was sold at auction. Personally I think this is a more realistic estimate of value than the grey sheet. Here's a screen shot of what you'll find. Report this Post to the Staff
MikeF Pillar of the Community United States 3479 Posts	Posted 11/23/2016 7:05 pm Thanks again tbone. I already checked the PCGS comps. Just curious if anyone had the grey sheet. Report this Post to the Staff
MikeF Pillar of the Community United States 3479 Posts	Posted 11/24/2016 11:38 pm Surprised that no one had a grey sheet for this coin. A closer look at the comps provided by Heritage only adds more confusion. From my research, the fact that this coin is slabbed in a blue, pre-buyout, ANACS holder increases the probability that this coin was over-graded. So I dropped down to au-55 for comparable sales. The following are links to them: https://coins.ha.com/itm/seated-dol...Lot=1x=0&y=0 https://coins.ha.com/itm/a/1237-3710.s https://coins.ha.com/itm/a/1231-4323.s https://coins.ha.com/itm/seated-dol...Lot=1x=0&y=0 https://coins.ha.com/itm/seated-dol...Lot=1x=0&y=0 The first two appear to have been 'dipped' including the one that sold for $5,170. The only example with 'original skin' seems to be the fourth one which sold for $2,820. So I guess my question is, how the heck can you place any type of value on rare coins with any type of accuracy? Seems to me that the grey sheets would simply be guesses made by publications that are dependent on pushing monthly product. Edited by MikeF 11/24/2016 11:41 pm Report this Post to the Staff
TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 11/25/2016 07:49 am My opinions: 1. The surfaces are prooflike, making it more attractive and thus more valuable. Could be dipped, but the reflectivity of the field could be making the color seem brighter than it actually is. 2. See #1, though #1 is by far the more-superior coin. This one almost certainly has been dipped. 3. Dipped, but retoned nicely. If you get one like this, most collectors would ignore the fact that it has been dipped. You really can't go wrong with one like this. It has enough white to maybe make it attractive to you, while enough color to appeal to almost everyone else. 4. This one has a very ugly mottled toning pattern (spotted blues and purples), which is why it went for so low. Edited by TypeCoin971793 11/25/2016 08:00 am Report this Post to the Staff
fsrdavis59 Valued Member United States 96 Posts	Posted 11/25/2016 11:58 am We all have different taste in the look of the coins we collect. I'm sure for the person who has bid $3,300, this coin rocks. I kinda like the look of the coin. Would I buy it? No Report this Post to the Staff
MikeF Pillar of the Community United States 3479 Posts	Posted 11/25/2016 3:16 pm Just noticed some bid fraud as this auction comes to a close. A new bidder upped the price from $3,300 to $3,975. The bid activity with the seller is 100%! Wow! http://offer.ebay.com/ws/eBayISAPI....one_ViewLink Report this Post to the Staff
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