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Grading Opinion: 1936 50c Long Island Tercentenary Silver Half Dollar

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Author Previous TopicReplies: 14 / Views: 1,845Next Topic  
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NJcoppers's Avatar
United States
184 Posts
 Posted 08/27/2017  03:24 am Show Profile   Bookmark this topic Add NJcoppers to your friends list Get a Link to this Message Number of Subscribers
Would like to for your grading opinion on this raw 1936 50C Long Island Tercentenary Commemorative Silver Half Dollar. Thank you!

These were the photos from the original listing when I bought them:
Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar
Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar

These photos I took using artificial light, but they do not represent the true frosty white appearance of the coins as taken with just ambient lighting:

Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar
Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar

These are my photos with ambient light only:
Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar
Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar

These two below are cropped photos of actual NGC coins from previous auctions. Will post the full NGC slab photos later with the grades. How do you think these would grade if you compared them with the first coin (depicted in the first three sets of photos)?:

Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar
Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar
Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar
Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar
Edited by NJcoppers
08/27/2017 6:57 pm
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numismatic student's Avatar
United States
11898 Posts
 Posted 08/27/2017  09:20 am  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
au details cleaned. Looks dipped.
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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IndianGoldEagle's Avatar
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36828 Posts
 Posted 08/27/2017  11:08 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Not much small detail in this design so harder to grade a circ piece. This one looks EF-45 based on the wear on the obverse rim. Brightness of the photo is cranked up so hard to tell if it has been cleaned.
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NJcoppers's Avatar
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184 Posts
 Posted 08/27/2017  1:56 pm  Show Profile   Bookmark this reply Add NJcoppers to your friends list Get a Link to this Reply
Thank you for the inputs so far. I added two photos I took using artificial light that shows the surface better. But they do not represent the true frosty white appearance of the coins in just ambient light. I added two more photos with ambient light only. (The coin has a hard clear protector case around it)
Edited by NJcoppers
08/27/2017 2:05 pm
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Coinfrog's Avatar
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94367 Posts
 Posted 08/27/2017  4:45 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Appear to be signs of mishandling at the least, so I'll say AU-58.
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The Regency Store's Avatar
United States
103 Posts
 Posted 08/27/2017  5:40 pm  Show Profile   Bookmark this reply Add The Regency Store to your friends list Get a Link to this Reply
AU-58

That is a very nice coin, wish I had one!
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moxking's Avatar
United States
17900 Posts
 Posted 08/27/2017  6:18 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
The flat plains and fields make this issue difficult to grade by photos only, although you've offered photos as best as may be possible.

The center mast and sail on the reverse is actually easier to use to grade, rather than the busts details on the obverse.

I'm seeing the slightest rub, probably not from circulation, but from improper storage. Making this no worse than AU-58.

Keep in mind that most of the Classic Silver Commemorative issues have a fair percentage, as much as 50+% in NGC and PCGS encapsulation, to say nothing of ANACS. A large percentage of those that remain raw probably maintain that place as they have been cleaned or are slightly handled.

In almost all cases you are better off purchasing your CSC in TPG to begin with, often at comparable prices to raw.

Plus, you avoid the ghastly counterfeit issues that are usually easily detected. But why take the chance?
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NJcoppers's Avatar
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184 Posts
 Posted 08/27/2017  6:53 pm  Show Profile   Bookmark this reply Add NJcoppers to your friends list Get a Link to this Reply
Thank you all so far. Yes, it can be hard to evaluate at times from photos only...nothing like looking at them in real life.

I posted above cropped photos of two actual NGC coins from previous auctions. How do you think these two would grade compared with the previously posted coin (in the first three sets of photos)? Will post the full NGC slab photos later with the grades.
Edited by NJcoppers
08/27/2017 6:55 pm
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numismatic student's Avatar
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 Posted 08/27/2017  6:56 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
The two coins you posted in comparison show full uninterrupted luster. Those look 63 and 64. Maybe higher. Yours shows surfaces that were chemically stripped of luster from a moderate (not harsh) dip in acid.
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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paralyse's Avatar
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 Posted 08/27/2017  7:07 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
AU58 sharpness, either cabinet handling or very brief circulation. I agree with Numismatic Student that the coin has been dipped; the luster is flat and dull. My net grade AU50, or TPG AU details.
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IndianGoldEagle's Avatar
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36828 Posts
 Posted 08/28/2017  09:12 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
After seeing your new photos I'd go AU-58 details on this one as it appears to have been cleaned.
Edited by IndianGoldEagle
08/28/2017 09:13 am
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NJcoppers's Avatar
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184 Posts
 Posted 08/29/2017  4:29 pm  Show Profile   Bookmark this reply Add NJcoppers to your friends list Get a Link to this Reply
Thank you again for the inputs. I posted the photos of actual NGC slabs for the last two coins used as references/comparisons. They were graded by NGC as MS-66 and MS-67+.

Not being a Long Island collector, my following comments/questions are for me to learn and not to doubt the opinions you kindly rendered:

First, to what parts of this particular coin do you go first to look for wear (i.e. the AU-58 grade most of you gave)? I read that on the reverse the sails are a good indication. I assume on the obverse the hair would be it. Can you point me to the differences in the AU-58 coin and the MS-66/MS67+ as they do not seem to be jumping out at me?

Second, I reviewed the "luster" and "dipped" issues some of you mentioned and I can see the luster on the MS-66 but not on the MS-67+ coin. Looking at a photo with all the disadvantages compared to real life , how how can I tell that it was "dipped" when comparing it to the MS-67+ coin which has a similarly "frosty matte" surface (at least in the photos)?

Thank you!

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Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar
Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar
Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar
Grading-Opinion:-1936-50c-Long-Island-Tercentenary-Silver-Half-Dollar
Edited by NJcoppers
08/29/2017 4:40 pm
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Zurie's Avatar
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 Posted 08/29/2017  4:53 pm  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
Hard to imagine how that last coin got a 67+ with the muted luster and small nicks on the rim, hair, and nose.
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1913 Posts
 Posted 08/29/2017  11:39 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
I agree. That coin looks terrible for its 3rd party grade.
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NJcoppers's Avatar
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184 Posts
 Posted 09/01/2017  12:01 am  Show Profile   Bookmark this reply Add NJcoppers to your friends list Get a Link to this Reply

In summary of the comments above:

- NGC does sketchy grading
- Photos do not do any justice to good and bad coins
- The days of genuine high-grade "raw" coins to be found by mere mortals are over as they are most likely doctored/dipped/cleaned and new ones will unlikely to enter the population
- Uniform luster on raw coins is most likely a dipped luster
- Wear patterns (when used in the grading determination) are difficult the describe in certain design types
Edited by NJcoppers
09/01/2017 12:25 am
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