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1859ihc Dug Coin

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Author Previous TopicReplies: 13 / Views: 1,207Next Topic  
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Ralph's Avatar
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1582 Posts
 Posted 10/25/2008  6:36 pm Show Profile   Bookmark this topic Add Ralph to your friends list Get a Link to this Message Number of Subscribers
I've got a teeniney bit of a problem with this coin. I don't know how to grade coins with corrosion or porosity on the surface. Although it doesn't show so well in a scan, in hand, the feathers (and tips) are full, the diamonds are there, nice detail in the hair, but the entire surface of the coin is porous. It's not so bad that it has eaten parts of the details away, but it's still there.
If this were your coin, what grade would you assign it, and how would you list it on your spreadsheet? I appreciate any help you can give me on this one.

Ralph

1859ihc--Dug-Coin
1859ihc--Dug-Coinhttp://www.coincommunity.com/forum/...9IHCRev.jpg" border="0" style='cursor:default' onClick='doimage(this,event)'>
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Ralph's Avatar
United States
1582 Posts
 Posted 10/25/2008  6:40 pm  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
Oops! Did something wrong - heres the other half.

1859ihc--Dug-Coin
Rest in Peace
coinguybrian's Avatar
United States
5375 Posts
 Posted 10/25/2008  8:06 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
VF-30 from the pictures, maybe XF from your description

Great find!
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vermontensium's Avatar
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16679 Posts
 Posted 10/25/2008  8:18 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Looks like this coin did not spend too much time in commerce. Has some really nice detail remaining. I would say XF possible AU prior to being lost. If I had to grade, I'd say XF details,corroded. Nice coin!
swcoin.ecrater.com
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norseman012's Avatar
United States
357 Posts
 Posted 10/25/2008  8:56 pm  Show Profile   Bookmark this reply Add norseman012 to your friends list Get a Link to this Reply
XF+ TO AU Prior to it being buried or lost in a damp place
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KurtS's Avatar
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5318 Posts
 Posted 10/25/2008  11:04 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
and well-struck too!
Have you put the coin through any cleaning processes?
I wish I could accurately comment on current grade.
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mycrob's Avatar
United States
2602 Posts
 Posted 10/27/2008  10:22 am  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
I think this is a VF coin, NOT EF. Too much feather detail is gone and the 4 diamonds are not all visible.

Nice pick-up/dig-up!
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KurtS's Avatar
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5318 Posts
 Posted 10/27/2008  12:38 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply

Quote:
I think this is a VF coin, NOT EF.

As a general FYI on IHC grading--Rick Snow, who is basically the recognized IHC expert, defines the difference between VF and EF by separation of the lower hair curl from the ribbon at the high point. Here's a very good guide on IHC grading by Rick Snow. On this coin, clearly there's hair-ribbon separation to merit an EF40 or higher--if the coin wasn't corroded.
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Bilbo's Avatar
United States
812 Posts
 Posted 10/27/2008  1:55 pm  Show Profile   Bookmark this reply Add Bilbo to your friends list Get a Link to this Reply
My spreadsheet has a column for grade and a column for notes. I'd list "EF-40" for grade and "corroded (-xx%)" for notes. I think the percentage I'd list would be either 50% or 75%, depending what my research on what similarly corroded EF Indian cents sell for determined.

Some prefer to figure out what the value of the coin is, then net-grade accordingly. I prefer a technical grade, with a description of the problem and inclusion of the value "discount."
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mycrob's Avatar
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2602 Posts
 Posted 10/28/2008  1:09 pm  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
Thanks for the guide, Kurt. Looks like I was too harsh a grader. Also means my IHCs are worth a lot more than I thought they were!
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KurtS's Avatar
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5318 Posts
 Posted 10/28/2008  1:13 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Harsh is often better than too lenient, and with this coin grade is open for debate, imo I'm not even sure what Rick Snow would grade here.
Good news for your IHCs.
Edited by KurtS
10/28/2008 1:14 pm
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Ralph's Avatar
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1582 Posts
 Posted 10/28/2008  1:35 pm  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
I've been away for a couple of days, and just getting back to the computer.
Thanks KurtS for the info to Rick Snow's guide.
I was thinking XF-40 with corrosion, but, if I read correctly, coins with corrosion are to be avoided, so I guess this one isn't all that desirable because of it's condition.
A point of interest - although it doesn't show in the scan, the bottom of the ribbon ends below the know show doubling - not apparent elsewhere on the coin - only there. I thought that rather unusual.
Bilbo, I created my own spreadsheet using QuatroPro, and also have those columns. Thanks for the suggestion.
And thanks to all for your input.

Ralph
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KurtS's Avatar
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5318 Posts
 Posted 10/28/2008  1:49 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
I see those marks often at the ribbon end, particularly on earlier coins. I believe they are "Longacre outlines" which are marks left by the die tools--a shoulder on the punch that left impressions around the portrait and lettering. It's often mistaken for doubled dies on the letters.
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Ralph's Avatar
United States
1582 Posts
 Posted 10/28/2008  5:11 pm  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
Never heard of "Longacre outlines" - good thing to know though. Thanks.
Never even considered doubled dies as that's the only place on the coin where the extra lines appear.

Ralph
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