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1860 Half-Opinion On Grade?

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Krusti-Koin's Avatar
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166 Posts
 Posted 02/16/2017  2:22 pm Show Profile   Bookmark this topic Add Krusti-Koin to your friends list Get a Link to this Message Number of Subscribers
Hi all:
The half below is graded XF40 by PCGS. I question whether it makes the grade or not. Is that just weakness I see on the reverse? Any comments/opinions on this coin would be much appreciated. Thanks for your time!

KK

1860-Half-Opinion-On-Grade?

1860-Half-Opinion-On-Grade?
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BH1964's Avatar
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10982 Posts
 Posted 02/16/2017  2:59 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
It is a weak looking 40. I thought it was a guess the grade before seeing the grade and was thinking 30 or 35. Even if the reverse is considered strike weakness there's not an XF coin there IMO. I could buy into VF35 a lot more easily.
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RK55's Avatar
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 Posted 02/16/2017  3:27 pm  Show Profile   Check RK55's eBay Listings Bookmark this reply Add RK55 to your friends list Get a Link to this Reply
Shy of XF-40. I would agree with VF-35
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numismatic student's Avatar
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 Posted 02/16/2017  3:31 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
I have seen a lot worse in a PCGS holder. Personally I agree with the others and think it falls short of XF but it is one of the nicer PCGS XF pre-Civil War coins I have seen. It also has great eye appeal. Nice coin.
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Krusti-Koin's Avatar
United States
166 Posts
 Posted 02/16/2017  3:37 pm  Show Profile   Bookmark this reply Add Krusti-Koin to your friends list Get a Link to this Reply
Yes, I really like the look of the coin, but I didn't think it was a 40 either. Nice color though, no evidence of cleaning.
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Coinfrog's Avatar
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94367 Posts
 Posted 02/16/2017  4:36 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree with VF-35. Still most attractive.
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babysitr's Avatar
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1339 Posts
 Posted 02/16/2017  8:29 pm  Show Profile   Bookmark this reply Add babysitr to your friends list Get a Link to this Reply
That is a very nice coin, classy looking....eye appeal may have held it into this grade level? Why not
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BH1964's Avatar
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 Posted 02/16/2017  10:40 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
....eye appeal may have held it into this grade level?


It could have. Market grading may have landed it in an XF holder even if technically it's a VF+. It's hard to get out of the market grading paradigm. We unconsciously net grade coins all the time and the reverse may be at work here.
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IndianGoldEagle's Avatar
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 Posted 02/18/2017  10:24 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
VF-35
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Krusti-Koin's Avatar
United States
166 Posts
 Posted 02/22/2017  08:31 am  Show Profile   Bookmark this reply Add Krusti-Koin to your friends list Get a Link to this Reply
Thank you all for your comments. I decided to purchase the half, even though it was clearly shy of its assigned grade. As mentioned above, I will sometimes overlook overgrading on a specimen that has an attractive appearance, especially a low-mintage issue. This is the case here. Thanks again for your help.

KK
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panzaldi's Avatar
United States
18706 Posts
 Posted 02/24/2017  3:45 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
borderline and I can see why they pushed it to a 40 as the obverse is strong enough to warrant it.
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