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Last Seated Dollar Up For Grading.... I Think

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Bedrock of the Community
numismatic student's Avatar
United States
11899 Posts
 Posted 03/17/2017  10:19 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply

Quote:
I sent an email to an sld specialist about this coin. I'll update when I hear back.


An expert has already weighed in. This coin was struck by a die in Osburn-Cushing Die state a/a. That means that the obverse and reverse dies were in perfect state when the coin was struck. I hope that the expert you are checking in with is Dick Osburn. He created the scale. The appearance of the coin is perfectly consistent with that of a very early strike.

TPG is conservative here. The look of the coin and the opinion of the heritage cataloguer both point to a premium coin.
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
Edited by numismatic student
03/17/2017 10:23 pm
Pillar of the Community
westernsky's Avatar
United States
7632 Posts
 Posted 03/17/2017  10:42 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
I hope I'm wrong about this coin being played with. We shall see!
Pillar of the Community
MikeF's Avatar
United States
3479 Posts
 Posted 03/18/2017  01:31 am  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Well, the student is suddenly Mr. Knowitall. Right on!
Bedrock of the Community
numismatic student's Avatar
United States
11899 Posts
 Posted 03/18/2017  10:29 am  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply

Quote:
Well, the student is suddenly Mr. Knowitall. Right on!


I don't know it all. But I know what I know. What did your expert say?

You asked for opinions on this thread. I guess you only wanted opinions you wanted to hear.
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
Edited by numismatic student
03/18/2017 10:30 am
Pillar of the Community
westernsky's Avatar
United States
7632 Posts
 Posted 03/18/2017  2:01 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
All I know is the coin is in an old PCGS holder and the frosting looks "funny".

Granted, the artificial frosting back then was mostly being seen on Morgan dollars but I would suspect that other series were getting played with, too.

I know that if I owned the coin, and I suspected that it was under graded, it would have long ago been submitted for an upgrade or at least a green bean enhancement.

If the auction company thought for one second that the coin had a shot at an upgrade it would have been resubmitted before auctioning. It would be too much money to leave on the table. Even a green bean enhancement at the 63 level, in a new holder, would be a huge plus.

The coin is still in that old holder for a reason.

If anyone really thinks it is under graded, and you've got some idle cash doing nothing, then buy the coin and resubmit it for an upgrade. I'll get my popcorn ready!

Pillar of the Community
MikeF's Avatar
United States
3479 Posts
 Posted 03/18/2017  10:59 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply

Quote:
Slabbed or not THAT coin has been played with in my opinion. There was a huge proliferation of artificially frosted coins that appeared about 25 to 30 years ago that fooled the best dealers and graders. The majority of the artificially frosted coins I remembered seeing were Morgan dollars. I believe the long-rumored perpetrator of that particular frosting scheme is now deceased.


Are their any online articles that I can read about this? Do you have a name you could drop? I'm interested in learning more but any documented history of events in this business always seems very limited to hearsay.

@numismatic student... you just sounded way too confident. Remember we are judging from a picture. Others pointed out some flaws that could raise some red flags. I love heritage. It's my favorite place to buy coins. But I have learned not to trust the descriptions. They are after all, in the business of moving product.
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westernsky's Avatar
United States
7632 Posts
 Posted 03/19/2017  01:23 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Mikef...

Do an Internet search for "detecting doctored coins" and you should find plenty of reading material.

Dropping the name of the dead coin doctor is not appropriate here. All I will say here is he was well known on the coin show circuit in Texas in the 80's. You could visit his table and his showcases were brimming with toned and doctored coins out the kazoos. It was to the point of being ridiculous....he did not try to hide it.

As far as the coin in this discussion goes I only know what I can see. A coin that others are saying is "under-graded" in a 15 or 20 year old holder has had plenty of opportunity to be cracked out and regraded, wouldn't ya think? The auction company is not stupid, the consignor is not stupid.
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MikeF's Avatar
United States
3479 Posts
 Posted 04/05/2017  7:56 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
It sold for $7,050!
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