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1802 Draped Bust $1 You Vs PCGS

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Pillar of the Community
billjones's Avatar
United States
1499 Posts
 Posted 01/28/2017  6:14 pm  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
If the color and surfaces showing in the picture are accurate, I'm not a fan. I pulled out my Bowers silver dollar book, and yes it is an 1802 novodel dollar, but it looks like it was the victim of one those 19th or 20th "museum cleanings." In other words a curator who didn't know what he was doing took the tarnish and the original surfaces off of it. It's got hairlines and that odd steely look that I find unattractive for old silver.

My grade would be PR-55, improperly cleaned, but I'm sure PCGS was much more generous. I'm guessing PR-63 or even 64 if they were trying to please a client.

Aside from the what this is worth, I'd rather have my originally struck 1802 in AU-58 as a collector. That's not sour grapes; it's just that I don't care for coins that look like this. I'm also not fan of the "novodel" concept, which is a "restrike" made from new dies. Some big shot collectors seem to agree with me since the more recent auction results for the 1804 "restrike" dollars have not been that impressive
Bedrock of the Community
Coinfrog's Avatar
United States
94367 Posts
 Posted 01/28/2017  6:16 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Well said as always.
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numismatic student's Avatar
United States
11917 Posts
 Posted 01/28/2017  6:20 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
There is one PF65 1802 restrike and three graded PF64.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
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Valued Member
BarberMan2016's Avatar
United States
288 Posts
 Posted 01/28/2017  9:15 pm  Show Profile   Bookmark this reply Add BarberMan2016 to your friends list Get a Link to this Reply
I appreciate what you said Bill. I tend to agree with the cleaning without revealing the final grade. So what I understand is that if a big time dealer submits a large cache of coins to be graded, the grading companies might let imperfections, cleanings etc slide simply to keep a big customer happy. While I'm not doubting what you say, as a new collector, this seems very discouraging.
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billjones's Avatar
United States
1499 Posts
 Posted 01/29/2017  08:27 am  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
Another reason why the grading services let a coin like this slide is because of its fame and rarity. This is a coin that has a long history with a list of distinguished owners. Quite often the grading services will ignore cleaning and other defects.

There is also a chance that the photos are making the coin look worse than it is. I know that can happen from my own experience. I have taken pictures that made the same coin look nice and look awful. I try to make my photos look like the coin looks "in hand." I don't think that it's fair to make a coin look better than it is or worse than it is.
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BarberMan2016's Avatar
United States
288 Posts
 Posted 01/29/2017  9:55 pm  Show Profile   Bookmark this reply Add BarberMan2016 to your friends list Get a Link to this Reply
Here it is. Thanks to all that responded! I learned something from this.

1802-Draped-Bust-$1-You-Vs-PCGS
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