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 Replies: 16 / Views: 2,392 |
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Pillar of the Community
Taiwan
606 Posts |
I purchased this SLD a couple of years ago for $2400+. Do you think it was a good buy?   |
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Pillar of the Community
United States
1101 Posts |
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Pillar of the Community
United States
3479 Posts |
The good news it's not blast white and the toning appears to be natural. That's a tough year. I had an sld specialist try to sell me an original 44 au-55 for $3,500. Overpricing original sld's is just a fact of life. It sounds like that's what happened to you with this coin. If it was a couple years ago you paid a premium of $1,300 or so for it.
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Pillar of the Community
United States
1346 Posts |
A new caw will depreciate much more than that the moment you drive it home. Enjoy the coin. It is lovely.
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Pillar of the Community
United States
1261 Posts |
It certainly looks like it is conservatively graded. I don't see much wear on it at all for a 50 so maybe it grades a 53 or 55  . If I had a few dollars for every coin purchase I second guessed or thought I overpaid then I could probably buy that coin from you! I learned to enjoy them and know you have a classic rarity with that SLD. |
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Pillar of the Community
 Taiwan
606 Posts |
Lets try this. This should allow you to enlarge the photos for a better look. http://www.ebay.com/itm/1844-Seated...51872427?ru=http://www.ebay.com/sch/i.html%3F_from=R40&_sacat=0&_nkw=141451872427&_rdc=1&nma=true&si=ycLseHe6ln2hM53RsU1rU67wmvs%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557 |
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Bedrock of the Community
United States
36901 Posts |
The coin has AU-58 sharpness. I think this one is very conservatively graded. The seller must have felt the same way and charged accordingly. Very nice coin but a little high on the price.
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Bedrock of the Community
United States
10982 Posts |
Impaired luster likely cost it 5 points in the PCGS grading room. NGC is less luster dependent in their grading and you could perhaps pull a 55 from them is the luster is at least fair to average. PCGS can be brutal on AU coins with limited/little luster remaining. P.S. This piece holds the Coinfacts auction record for an AU50 piece of this date: $2350. https://coins.ha.com/itm/seated-dol...Lot=1x=0&y=0Edited by BH1964
07/30/2017 11:46 am
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Bedrock of the Community
United States
94367 Posts |
Not much of an honor! I agree coin is undergraded, but still a bit pricey.
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Rest in Peace
United States
17900 Posts |
Beautiful coin and I agree with those thinking this should have seen a 53 or 55.
Price was steep, but at least you have a coin of quality.
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Bedrock of the Community
United States
11912 Posts |
55. sharpness is great. mottled toning holds it back a little.
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
Taiwan
606 Posts |
Actually this coin is a Proof. Mislabeled or misattributed, it found its way into a PCGS AU 50 slab.
Edited by Everest
08/03/2017 05:00 am
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Bedrock of the Community
United States
10982 Posts |
Quote:
Actually this coin is a Proof. Mislabeled or misattributed, it found its way into a PCGS AU 50 slab. If it is then it's a $20,000 coin. There's only 12 proofs of this date known to exist. 15 total were struck. Why do think it is a proof? |
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Pillar of the Community
Taiwan
606 Posts |
Not a $20,000 coin by any means. It is an impaired Proof. Struck from the obverse Proof die which does not have
the die doubling in the shield that the business strike does. The proof strike will have three stripes in each group
of stripes where the business strike will have four. The reverse Proof die was used to strike other LSD's of the
era and has its own markers as well. The reverse business strike will show die file marks beneath the wings and body
most noticeable on the viewers left. Take a look at some photos in the Heritage archives or PCGS Coin Facts and
the differences will be obvious
Edited by Everest
08/04/2017 02:40 am
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Bedrock of the Community
United States
10982 Posts |
Quote:
Not a $20,000 coin by any means. It is an impaired Proof. If it's a proof, even impaired, it's worth $20,000. There are only 9 proofs for this date ever identified. From Ron Guth: "Proof 1844 Silver Dollars are extremely rare....we have only found 5 distinct examples plus as many as 4 more possibilities." Proof 1844 Silver Dollars are an R-7. If it is a proof it's worth many multiples of what the OP paid. Pronouncing it proof from smallish, low-res images have to be a tough call. Here's a similar grade (and image size) business strike vs the op's. Is it misattributed as well?  |
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Pillar of the Community
Taiwan
606 Posts |
BH1964: Go to my second post on this thread and you will be able to bring up the ebay listing for this coin. Then scroll down and click on the first set of photos and you can enlarge them and you will see the characteristics of a Proof 1844 dollar. Edited by Everest
08/04/2017 02:46 am
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Replies: 16 / Views: 2,392 |
Posted 07/30/2017 09:38 am
