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1859 IHC - Does This Grade Make Any Sense?

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numismatic student's Avatar
United States
11890 Posts
 Posted 10/25/2017  11:37 pm Show Profile   Bookmark this topic Add numismatic student to your friends list Get a Link to this Message Number of Subscribers
I was looking at this coin. What do you think the grade is? The PCGS grade is in the next post. Do you agree?

1859-IHC---Does-This-Grade-Make-Any-Sense?
1859-IHC---Does-This-Grade-Make-Any-Sense?
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."
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numismatic student's Avatar
United States
11890 Posts
 Posted 10/25/2017  11:38 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Does this make sense?

1859-IHC---Does-This-Grade-Make-Any-Sense?
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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westernsky's Avatar
United States
7620 Posts
 Posted 10/26/2017  12:33 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
No, it doesn't. It is vf at best.

This is one of those coins that was probably sent in by one of the big auction houses in a bulk submission and received favorable treatment by the graders.

(Yes, I have been a longtime conspiracy proponent that grading is not anonymous and some submitters get preferential treatment. It's been that way a long time in my opinion!)
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spru's Avatar
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12477 Posts
 Posted 10/26/2017  01:12 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
No, it doesn't make sense. I would put VG on it, max F. Most certainly not XF.
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Taiwan
192 Posts
 Posted 10/26/2017  02:31 am  Show Profile   Bookmark this reply Add Guybrush to your friends list Get a Link to this Reply
I'm no expert but this is no XF
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RoyCoinBoy's Avatar
United States
1609 Posts
 Posted 10/26/2017  06:00 am  Show Profile   Bookmark this reply Add RoyCoinBoy to your friends list Get a Link to this Reply
Here's a 1903 Indian Head that was given the same grade by guess who.

1859-IHC---Does-This-Grade-Make-Any-Sense?

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aristarchus123's Avatar
United States
1695 Posts
 Posted 10/26/2017  07:01 am  Show Profile   Bookmark this reply Add aristarchus123 to your friends list Get a Link to this Reply

Quote:
This is one of those coins that was probably sent in by one of the big auction houses in a bulk submission and received favorable treatment by the graders.

(Yes, I have been a longtime conspiracy proponent that grading is not anonymous and some submitters get preferential treatment. It's been that way a long time in my opinion!)


Isn't it a simpler theory to assume that an error was made? The principle of simplicity (also known as "Ockham's Razor," "Principle of Parsimony") states that one should always privilege the simpler theory over a complex one, if both account for the facts.
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oriole's Avatar
Canada
5241 Posts
 Posted 10/26/2017  07:43 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
As someone once said "never suppose a conspiracy when simple stupidity would suffice". In other words, it is more likely to be a mistake than a conspiracy.

Could any dealer really expect to get XF prices for that item? Deliberate over-grading would not do any good.
Edited by oriole
10/26/2017 07:53 am
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T-BOP's Avatar
United States
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 Posted 10/26/2017  08:04 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Had to be an error on PCGS . Even a newbie wouldn't call that EF-45 .
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 10/26/2017  09:52 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
No way that's an XF coin. It's a low VF at best IMO.
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edweather's Avatar
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 Posted 10/26/2017  09:53 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
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BigSilver's Avatar
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 Posted 10/26/2017  09:59 am  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply

Quote:
Had to be an error on PCGS

I was wondering if maybe the graders only use the numerical portion of the grade, and the "labeling" dept. misread a handwritten 15 for a 45.
F15 seems like a fair grade for this coin.
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moxking's Avatar
United States
17900 Posts
 Posted 10/26/2017  11:23 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
I would count your supposition, Big Silver, as the most likely.

Now post the 10,000 that were graded correctly that day.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 10/26/2017  3:56 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Terrible grade. I'd hardly give it VF.
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