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 Replies: 20 / Views: 2,094 |
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Bedrock of the Community
United States
11898 Posts |
Added another coin to my type set today. Purchased a TPG-graded Capped Bust quarter and I am looking forward to examining it in hand. I have a few concerns about this coin: 1. It was sold at auction on the bay by the same seller on 1/31/2017, and again on 2/1/2017. The same seller listed what appears to be the same coin a third time, which I purchased. Do you think the previous buyer didn't pay or could it have been something different? 2. The coin was priced very low compared to fair market value. It should be about a $7-800 coin, if accurately graded, but I purchased it at BIN for $450. Usually a price discrepancy this large attracts a lot of bidders. This one didn't. 3. There are some raised dots on the obverse at 11:30, 1 o'clock, and between the brooch and the date. I have seen this in other Capped Bust quarters, and in this case it didn't derail the grading, as the coin sits in an older holder with a straight grade. Wondering what causes these raised dots? 4. There is a small spot of metal discoloration at 9 o'clock in the reverse between the "U and N" in UNITED. Despite my misgivings, I liked the coin, the seller is highly rated, offers a 30 day return policy and allowed me to pay by CC which has some separate purchase protections. Hope it works out, but in the meantime, I would appreciate your thoughts on grade and problems you see with the coin. The coin is heavily toned, especially in the reverse, so it may be a challenge to grade accurately. Many thanks for your help and for reading my long diatribe.   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." My coin website: https://fairfaxcoins.comEdited by numismatic student
02/18/2017 5:45 pm
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Bedrock of the Community
 United States
11898 Posts |
Thanks!
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." My coin website: https://fairfaxcoins.comEdited by numismatic student
02/18/2017 5:09 pm
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Bedrock of the Community
United States
94367 Posts |
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Bedrock of the Community
United States
10982 Posts |
1. May have been NPBs. They are showing up with greater frequency these days.
2. The darkness of the coin likely scared off some bidders and the market is still slow this year. $450 is a chunk of change to most collectors.
3. Raised dots are die rust.
4. There may be some environmental damage.
There's a BIG price jump from XF to AU on these. $450 FMV for an XF45.
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Bedrock of the Community
United States
11898 Posts |
Was given and found answers to: 1. It was sold at auction on the bay by the same seller on 1/31/2017, and again on 2/1/2017. The same seller listed what appears to be the same coin a third time, which I purchased. Do you think the previous buyer didn't pay or could it have been something different? Seller responded that the prior buyer did not pay for the coin (reasonable, I think). Second listing was just a rollover of an expired listing. This one didn't make a lot of sense as the listing was open for 1 day and the item was marked sold and then relisted. 3. There are some raised dots on the obverse at 11:30, 1 o'clock, and between the brooch and the date. I have seen this in other Capped Bust quarters, and in this case it didn't derail the grading, as the coin sits in an older holder with a straight grade. Wondering what causes these raised dots? James Halperin provides an explanation for the question: "Coins struck from rusted dies exhibit raised dots in the fields or among the devices." 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." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
4211 Posts |
Looks like a very nice addition to your type set. And when you get this in hand post a new pic for us.  |
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Bedrock of the Community
United States
11898 Posts |
Thanks BH. Your comments are always helpful. Thx Coinfrog and Debrajc.
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." My coin website: https://fairfaxcoins.comEdited by numismatic student
02/18/2017 6:03 pm
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Valued Member
477 Posts |
 I just love these. if they could talk... the stories they could tell.  |
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Bedrock of the Community
United States
11898 Posts |
Didn't realize this until now, but the 1833 Capped Bust quarter had the lowest mintage out of all the reduced size type quarters that for the first time were struck in a collar (1831-1838). Mintage was 156,000, whereas the 1835 quarter had a mintage of 1,952,000, the largest mintage for the collared type. It still doesn't seem like a lot of coins. Pretty cool. But the price difference between a 1933 CBQ and a 1935 CBQ in AU50 is $120 or a 15% premium. Even though the mintage of the '35 is 12.5 times that of the '33. Part of it might be because the 1827 quarter had a mintage of 4,000 and the 1823 had a mintage of 17,800 and the collarless early CBQs (1815-1828) tend to suck all the wind out of the room.  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." My coin website: https://fairfaxcoins.comEdited by numismatic student
02/18/2017 9:10 pm
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Pillar of the Community
United States
3843 Posts |
Quote:
4. There may be some environmental damage.  Which TPG graded this coin? |
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Bedrock of the Community
Canada
11922 Posts |
For the grade, I would think EF-45.
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Bedrock of the Community
United States
11898 Posts |
Old ANACS. White label holder with barcode.
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." My coin website: https://fairfaxcoins.comEdited by numismatic student
02/19/2017 01:13 am
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Pillar of the Community
United States
7375 Posts |
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Bedrock of the Community
United States
11898 Posts |
Thanks folks. Would it be worth it to try to cross this to PCGS? I kind of like it in the old ANACS holder.  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." My coin website: https://fairfaxcoins.comEdited by numismatic student
02/19/2017 7:44 pm
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Bedrock of the Community
United States
10982 Posts |
Quote:
Would it be worth it to try to cross this to PCGS? It depends on your goals. You may need to go down to XF40 on a PCGS cross and certainly should not specify higher than 45 because the odds of it crossing at 50 are slim. NGC would be a better bet to get a straight cross because they tend to be less luster/eye appeal dependent (more of a technical TPG IMO) than PCGS. The old ANACS holders are nice and I'd be inclined to leave it as is. |
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Bedrock of the Community
United States
11898 Posts |
Thanks BH. I will give it some thought when I have examined it in hand. It seems to me like pre-Civil War coins tend to be over-graded by PCGS. I don't think I would be interested in crossing it to a lower grade. There are some very experienced long-time dealers in my coin club so I think I will get a few more in-hand opinions. I feel like I am surrounded by numismatic talent these days, which to me feels like disney world.
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." My coin website: https://fairfaxcoins.com |
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Replies: 20 / Views: 2,094 |
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Posted 02/18/2017 4:57 pm
