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 Replies: 21 / Views: 3,276 |
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Pillar of the Community
United States
1479 Posts |
This NGC AU53 example hammered $168.00 at GC tonight. After buyers fee and shipping total was $187.00. I bid for this coin for 2 main reasons: I thought it was a CAC EF-45 in a PCGS holder staring back at me, and if I could win at EF auction price I wouldn't go wrong. Indian Lovers, stepping up my game into AU for the series so bound to run into these scenarios. I feel its an overgraded AU53. All interpretations of grade and appearance appreciated. This date coin has been (for me) difficult to find in original condition above F15 at graysheet. Seems they eventually sell between auction and retail. Look forward to constructive critisicsm or likes. The original look and color was its attraction for pulling the trigger. Photo's courtesy of GreatCollections   |
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Bedrock of the Community
United States
94367 Posts |
Completely agree this is no better than EF-45.
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Bedrock of the Community
United States
11880 Posts |
Looks like a nice addition to your collection. Congrats!
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New Member
United States
25 Posts |
I agree with your assessment, EF45. There is wear on the high point of the ribbon on the obverse to the point where the diamond isn't visible (at least from what I see in the picture). Nice coin though!
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Rest in Peace
United States
18456 Posts |
I strongly disagree with AU-53 especially since Diamonds and beads are all but gone . Nice color , Liberty and hair and curls could have been a little less wear for a 53 . I'll say EF-40 . I'm really distraught about the Diamonds and Beads worn away with NGC's call .  |
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Pillar of the Community
United States
5887 Posts |
Very nice pickup! Certainly tough to find XF-AU indians in the '70s range. I don't know how this passed as AU with the diamonds worn like that-No higher than XF IMO. A good looking coin overall. Nice color, good look. Well done!  -CH27 Collector of U.S. Coins, Varieties, and Colonial Coinage
Edited by CoinHunter27
03/02/2020 09:19 am
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Bedrock of the Community
 United States
18657 Posts |
just a little shy of 45 in my book but hey...I don't work for NGC. XF40+
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Pillar of the Community
 United States
1479 Posts |
Thank you all. Information and opinions on this coin much appreciated. Journeyman collectors ie myself is, are, faced with $40-200.00 decisions frequently on Indian cents. Terrible queasy stomach after buying a bad coin is what I get. Now I get queasy stomach feeling before I buy the coin  Have picked up solid guidance here on Indians and Buffaloes so I give a hearty thank you to moderators and seasoned collectors who help other members. I don't know what it is about the 1878 Indians I love them, 8 examples and counting. Yep no Diamonds worth worth mentioning but overall can't wait to see it inhand. Its getting cracked, acetone soak then an airtight. From there into the EF-AU bunch (with many vacancies) . |
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Bedrock of the Community
United States
36724 Posts |
EF-45 at best, Always buy the coin and not the holder.
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Pillar of the Community
Canada
857 Posts |
 Let the coin speak for itself, don't buy just cause the grading wizards say it's a certain grade (not saying you did that obviously) That said, you did say it was hard to find natural ones above F-15, and this is much better than F-15. And it looks quite original to me. Overall, not a bad buy if you ask me. Quote:
.Its getting cracked, acetone soak then an airtight. From there into the EF-AU bunch (with many vacancies) . Would love to see photo of how it looks after the acetone. |
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Pillar of the Community
United States
8137 Posts |
I can't see this going any higher than XF-45. Regardless, it's still a choice coin. Another reason to buy the coin and not the holder.
Edited by CoinCollector2012
03/02/2020 9:28 pm
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Pillar of the Community
United States
1479 Posts |
Yes, and frankly even though the coin is most likely over graded this one was purchased applying basic informed buyer fundementals. I freely admit my experience learning these fundamentals got ugly about 3× probably 5x. Those 5 problem/issues Indian cents caught deep enough down my craw and wallet to influence my purchase habits drastically. Have I got a peach to ashamedly post later, an 1870 shallow N that looks whizzed, soaked, scrubbed, and oiled in EF details. Its in my album as my reminder for patience. Will post android pics of the 1878 before acetone soak and after soak this weekend. Should have it Thursday and would be nice if more diamonds and pearls show in hand than GC pics. |
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Pillar of the Community
United States
1479 Posts |
Looks slightly better in hand, diamonds are so feint looks like a weak strike and were never very clear. No CAC sticker for this coin at AU53, decent coin but no cherry. Here is the android home pics.   |
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Pillar of the Community
United States
9792 Posts |
Not a bad deal at all, on a coin you said yourself, has taken a long time of searching, and not one has met your criteria, at the right price, until this one. Can't go wrong then. I'd go EF40+ a few too many ticks to hit a solid 45 but it's so close we are nitpicking and there really isn't much of a cost difference. Until a better comes along to upgrade, which as you have said could be years and years, you'll enjoy this coin as it's a deal for your set, and that's all that really matters in the long run.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
1959 Posts |
I think it's a 45+ all day. I don't think this coin is fully struck up into the die. AU might not be out of line. 53 certainly is though.
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Pillar of the Community
United States
7276 Posts |
Nice coin! Its not an AU, I would give it VF35/XF40. Its definitely been around and very faint around the ribbon. Could be soft strike, but even the Liberty is worn. This is a perfect example of an overgraded coin. Buy the coin not the slab.
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Replies: 21 / Views: 3,276 |
Posted 03/01/2020 10:59 pm
