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 Replies: 10 / Views: 1,153 |
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Pillar of the Community
United States
3479 Posts |
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Bedrock of the Community
United States
94367 Posts |
Looking carefully at enlarged images, I would have to agree that AU-55 seems too high. Perhaps AU-50, but I would not have been surprised to see it at EF-45. The hair wear is quite evident, and I don't believe it is a strike issue.
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Pillar of the Community
 United States
3479 Posts |
The blurred branch on the reverse left me scratching my head.
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Bedrock of the Community
United States
12057 Posts |
Ugly, bagmarked, overdipped, lifeless, dull, flat, and nowhere near AU55. It also has a huge scratch on the reverse, left field, upper area.
I would net grade VF35 at most just on the basis of the absolutely terrible eye appeal. Sharpness is XF45.
FMV on an AU55 is $1.3k+, seller at $1k is admitting openly that this is a bad problem coin...I would offer at most $650 to $700 and only if I was really desperate for an 1849 that I wasn't expecting to sell later on. It's only a slightly better date, and there are much better examples for the $1k-$1.3k price range if you are working on an XF-AU Seated $1 set.
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 |
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Pillar of the Community
United States
4211 Posts |
I agree...dull lifeless over graded and over priced.
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Bedrock of the Community
United States
36903 Posts |
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Pillar of the Community
United States
6370 Posts |
I'd say EF-45. Good eye!  |
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Pillar of the Community
United States
3516 Posts |
Nice eye. |
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Bedrock of the Community
United States
10982 Posts |
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Pillar of the Community
United States
3479 Posts |
Quote:
Same coin sold for $999 last March on Stack's Bowers. Nice find BH! WTH would someone buy it in April and try to flip it just seven months later? I wonder what % of bidders on heritage are people hoping to flip for profit down the road. Also (I hope you don't mind sharing)what methods did you use to uncover the history of this coin? Was it the serial number on the slab? |
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Bedrock of the Community
United States
10982 Posts |
Quote:
Nice find BH! WTH would someone buy it in April and try to flip it just seven months later? I wonder what % of bidders on heritage are people hoping to flip for profit down the road.
Also (I hope you don't mind sharing)what methods did you use to uncover the history of this coin? Was it the serial number on the slab? You can review completed auction listings on CoinFacts for specific dates/grades but in this case it was entering the cert # in PCGS' homepage revealing prior auction appearances. http://www.PCGS.com/cert/33207572If you open that page you'll see it also just sold in September of this year (again!) for $823. https://coins.ha.com/itm/a/1239-7882.s Some people like to flip coins for fun (and profit) and that seems to be the case here. Not likely to generate much profit on this one since it looks more like an AU50 than a 55. Edited by BH1964
12/11/2016 09:39 am
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Posted 12/09/2016 6:53 pm
