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1948 Canada Dollar, NGC MS 62 - Subjectivity & Price Question

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Author Previous TopicReplies: 13 / Views: 4,183Next Topic  
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yellow88's Avatar
United States
581 Posts
 Posted 03/12/2018  4:25 pm Show Profile   Bookmark this topic Add yellow88 to your friends list Get a Link to this Message Number of Subscribers
Hello All!

My knowledge of these Canadian Dollars is limited and my experience of how subjectivity may or may not play a role in price/value of graded coins is essentially zero.

I've been through the auction archives of Heritage, ebay, etc looking at past sales results along with pics of 1948 Canadian Dollars graded MS 62 by NGC.

This particular 1948 Canada Dollar in my possession is (forgive my lack of terminology) exceptionally bright and reflective almost to the point of ridiculous. My photography skills (or lack there of) and equipment are incapable of capturing a realistic photo of this coin.

No other 1948 Canadian Dollar even came close to the appearance of this coin. I understand that subjectivity plays a huge role so here is my question.

Would this coin's particular visual attributes increase its price/value within its grade?



1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
Pillar of the Community
Canada
5324 Posts
 Posted 03/12/2018  4:50 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
There are a lot of nicks around the king's face, grade is about right, but it is a really nice 62
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yellow88's Avatar
United States
581 Posts
 Posted 03/12/2018  8:06 pm  Show Profile   Bookmark this reply Add yellow88 to your friends list Get a Link to this Reply
Awesome. Thank you john100.
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johnnysprawl's Avatar
Canada
1618 Posts
 Posted 03/12/2018  9:10 pm  Show Profile   Bookmark this reply Add johnnysprawl to your friends list Get a Link to this Reply


At least it will be an easy sell if you ever decide to part with it!

The 'visual attributes' is, as you mention, subjective. Some people, like myself, prefer brilliant white, while others prefers naturally toned coins.
Would I be willing to pay more for it in this condition?
Yes.
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TheBurnz's Avatar
Canada
586 Posts
 Posted 03/12/2018  11:26 pm  Show Profile   Bookmark this reply Add TheBurnz to your friends list Get a Link to this Reply
I'm afraid once you have it slabbed, no buyer will pay more then its book value because of eye appeal, but they will pay more for scarcity and rarity and if they are in a bidding war. Lucky for you this coin can bring all of that. The eye appeal is just re-assurance that the grading is right.

If it was in a ICCS holder, then I would say yes, the shine could bing more, because ICCS is known for not taking eye appeal into consideration when grading. NGC does.

Nice coin. The King of silver dollars.

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Canada
867 Posts
 Posted 03/14/2018  8:06 pm  Show Profile   Bookmark this reply Add tripoli to your friends list Get a Link to this Reply
Nice eye appeal, but not in a grade that would attract a premium. Why pay MS-63 price for a MS-62 coin, unless you 'hoped" it would re-grade a MS63? Grade shopping rarely works out. There are lots of examples of 1948 dollars on ebay, right now I counted almost 20, so it's not a "rare" year either.

Now, try to find a brilliant white 1946 example in MS64+
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silverwolf's Avatar
Canada
3733 Posts
 Posted 03/14/2018  8:17 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
the coin almost has a slight polishing look to it, based on the obverse photos, I think ms 62 is correct.. can you post some photo's of the reverse, thanks
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ty88ty2's Avatar
United States
772 Posts
 Posted 03/14/2018  9:36 pm  Show Profile   Bookmark this reply Add ty88ty2 to your friends list Get a Link to this Reply
Personally, I think it has good eye appeal from the pictures despite the nicks.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 03/16/2018  7:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree with grade - just too many ticks for anything higher.
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yellow88's Avatar
United States
581 Posts
 Posted 03/16/2018  7:21 pm  Show Profile   Bookmark this reply Add yellow88 to your friends list Get a Link to this Reply
Getting direct, honest, personalized subjective AND objective feedback that is both rational and logical is priceless fellow forum members.

I am learning a great deal that is very beneficial. The more knowledge, shared experience, and varied points of view the better. Please continue feeding my brain; it is hungry.

I am a stubborn SOB who relishes challenges but I have given up trying to take an "accurate" straight on (i.e. no angles) photo of this coin. I have spent a frustratingly long time trying to no avail.

Below are photos of the reverse as requested, photos taken outside on cloudy day, photos of the obverse scratches magnified, and finally photos of the coin with a CML (for the heck of it).




1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
1948-Canada-Dollar,-NGC-MS-62---Subjectivity-&-Price-Question
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silverwolf's Avatar
Canada
3733 Posts
 Posted 03/16/2018  7:30 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
yes ms 62, is correct, coin still appears to have been lightly polished.
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Canada
1461 Posts
 Posted 03/18/2018  10:49 am  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list Get a Link to this Reply
It is very difficult (if not impossible) to get anything with altered surfaces through either NGC and or PCGS at MS grade. I don't believe the coin is polished and is consistent with many 48s.
Edited by TheCoinHunter
03/18/2018 10:49 am
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papeldog's Avatar
Canada
1923 Posts
 Posted 03/18/2018  12:00 pm  Show Profile   Bookmark this reply Add papeldog to your friends list Get a Link to this Reply
I agree with the grade ms-62 the reverse side is nicer than the obverse for eye appeal, the obverse has that P/L look.

Very nice coin
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yellow88's Avatar
United States
581 Posts
 Posted 03/20/2018  7:16 pm  Show Profile   Bookmark this reply Add yellow88 to your friends list Get a Link to this Reply
Thank you very much everybody. I appreciate it and I learned a lot.
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