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How Would You Grade This 1876 Twenty Cent Piece

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fmtaxguy's Avatar
United States
257 Posts
 Posted 11/04/2008  10:45 pm Show Profile   Bookmark this topic Add fmtaxguy to your friends list Get a Link to this Message Number of Subscribers
I am considering this 1876 Twenty Cent Piece, and would appreciate your opinions on grading. Thanks in advance.

Image: How-Would-You-Grade-This-1876-Twenty-Cent-Piece 173179374.jpg
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Image: How-Would-You-Grade-This-1876-Twenty-Cent-Piece 173179441.jpg
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SpringCypress's Avatar
United States
666 Posts
 Posted 11/04/2008  11:01 pm  Show Profile   Bookmark this reply Add SpringCypress to your friends list Get a Link to this Reply
I'd go with VG and cleaned... and IMO harshly cleaned. No idea on value.
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fmtaxguy's Avatar
United States
257 Posts
 Posted 11/05/2008  01:09 am  Show Profile   Bookmark this reply Add fmtaxguy to your friends list Get a Link to this Reply
I am really discouraged. As a newer collector, I am obviously not able to recognize a "harshly cleaned" coin. For example, on this coin, the detail looked good except for what I thought were bag marks, and the color didn't appear unusual. Perhaps if you could share more specifically what you are seeing, I could better learn to attend to the more important details. Thanks.
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biokemist6's Avatar
United States
12437 Posts
 Posted 11/05/2008  01:10 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
VF30+, probably dipped excessively because the surfaces just look dull and evenly grey. However, if those pics are from a scanner, it may not be cleaned- scanners tend to make coins look rather flat.

Regardless of whether it is dipped or not, it is still a rare bird
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QuickSilver's Avatar
United Kingdom
1077 Posts
 Posted 11/05/2008  03:30 am  Show Profile   Bookmark this reply Add QuickSilver to your friends list Get a Link to this Reply
I wouldn't worry too much about the colour. If you look at the "white" 2x2 it is in this is also very grey so I think it may just be the photo/scan giving it a greyer than actual appearance.

It does look as if it has been cleaned though, simply because it is almost too clean for a coin of that age which has clearly had quite a bit of circulation.

Personally, and aside of the factors for not cleaning a coin, I prefer them this way.

If it is a coin for my collection and not as an investment, or for resale, I would rather have a bright clean coin than a grubby tarnished one to look at for the rest of my life.

That is just my opinion and will be shot down in flames by the "Never clean a coin or the wrath of God will be upon ye" brigade!
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Bryan1315's Avatar
United States
14454 Posts
 Posted 11/05/2008  07:38 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I agree, the color of the 2x2 tells me the color is off a little and as was said most scanners don't show luster very well so its hard to really tell how the coin actually looks except for detail. Most scanners will make a coin look flat and over dipped because of the lack of luster when in hand they can be beautiful. I wouldn't call this one harshly cleaned because what I consider harshly cleaned is allot of harsh lines on the coin (which I do not see on this coin) and if you say the color looks correct in hand then chances are it hasn't even been over dipped its just the picture making it look that way. I am no expert on these things so I won't give an opinion on grade and leave that to the ones that specialize in these things
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Jaobler's Avatar
United States
6384 Posts
 Posted 11/05/2008  12:32 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
I don't see evidence of "harsh" cleaning on this coin. There are some contact marks in the left obverse field but no obvious hairline scratches from an abrasive cleaning. There are a couple specks of dirt around the obverse stars and in the loop of the 6 in the date. Perhaps the coin was dipped to remove tone or dirt and these specks are all that remained. The surfaces appear dull with no luster, but overall it has a decent look.

I think it might make EF-40 for grade. Check out the following Heritage images; these are of a coin graded VF-35 by PCGS which sold for $460 in August, 2008. The coin you are considering has stronger detail but a somewhat less-original look.

If the seller has a decent return policy and the price is attractive to you, I'd go for it. This is a scarce coin and I'd love to have one in my collection. Once you have it in-hand you can look for defects that may not be apparent in the photos.

Good luck, and let us know what happens!

How-Would-You-Grade-This-1876-Twenty-Cent-Piece

How-Would-You-Grade-This-1876-Twenty-Cent-Piece
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SpringCypress's Avatar
United States
666 Posts
 Posted 11/05/2008  3:36 pm  Show Profile   Bookmark this reply Add SpringCypress to your friends list Get a Link to this Reply
allright... evidently I stand corrected.

Liberty on the shield isn't in good enough shape for me to consider this a VF coin... I might be able to go with F, but I'm still thinking VG...

As to cleaning, a coin with this much wear shouldn't be all one color... There should be some variation amongst the high and low relief areas. Be it a scanned picture or not this coin shows no color differences. I'm also suspect of the scratches which made me say harsh cleaning. TO ME it looks like someones dipped this thing multiple times and then gone in with a qtip and scrubbed on it.

Like I said, I probably stand corrected on this.
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Jaobler's Avatar
United States
6384 Posts
 Posted 11/05/2008  3:45 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
FYI, the 20-cent piece design has one odd feature that complicates grading. LIBERTY is in relief on these coins, while it is recessed (incuse) for all the other Seated Liberty dnominations. Therefore, it wears down much faster than on the other denominations. A VG 20-cent piece will usually have no trace of LIBERTY remaining. A VF coin may have some letters barely visible. An EF should have all letters clear, but not necessarily sharp.
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biokemist6's Avatar
United States
12437 Posts
 Posted 11/05/2008  6:10 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

LIBERTY is one of the highest spots, hence it is one of the first things to wear off. You cannot grade a 20 cent coin like other Seated Liberty coins- it is completely different and many of them had lousy strikes as well. I have even seen MS coins with a weak LIBERTY.
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fmtaxguy's Avatar
United States
257 Posts
 Posted 11/13/2008  04:31 am  Show Profile   Bookmark this reply Add fmtaxguy to your friends list Get a Link to this Reply
All opinions are appreciated, and all appear to have some validity. I have decided to pass on the coin, mostly because of price for the grade range. I will keep searching, and let you know if and when I come up with another of these rarities.
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