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1909 Wheat

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steve199's Avatar
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 Posted 12/05/2008  03:08 am Show Profile   Bookmark this topic Add steve199 to your friends list Get a Link to this Message Number of Subscribers
Another coin I believe to be in the "fine" range.

1909-Wheat

1909-Wheat
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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 12/05/2008  05:50 am  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
F-12-15

Nice old Lincoln.
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SsuperDdave's Avatar
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23522 Posts
 Posted 12/05/2008  06:59 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Another coin you appear to be completely correct about.
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halfabustisbetter's Avatar
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1984 Posts
 Posted 12/05/2008  07:25 am  Show Profile   Bookmark this reply Add halfabustisbetter to your friends list Get a Link to this Reply
Your assessment is worthy of kudos. (I actually just wanted to use the word 'kudos').
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echizento's Avatar
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 Posted 12/05/2008  08:59 am  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
F-15 also.
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BadThad's Avatar
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 Posted 12/05/2008  10:53 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
You should turn off your camera flash or reduce your lighting some. Never use flash with coins! The obverse portrait is over-exposed which makes grading difficult. I suspect this coin is a darker brown than the pictures indicate.

1909's are normally well-struck and from sharp dies.

There appears to be separation between the cheek and jaw. Wear is apparent on the coat. The obverse is F-12....as far as I can tell from the picture.

The reverse wear is inconsistent with the obverse. About 80-90% of the wheat lines are showing and most of them are full. The wheat grains are fairly full and distinct. It's nearly at an EF level, but closer to VF30-35 because the wheat lines are not complete.

The rims are good and there's no problems. This coin is another example of a required net grade (based on the pics).

VF-25
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steve199's Avatar
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 Posted 12/05/2008  11:28 am  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply
The light is a little harsh on the obverse. Took those with one lamp (no flash); I'll post a better pic tonight. I don't think the coin is much darker than that.

Also will start a new thread with a much nicer 1909 VDB tonight.
Edited by steve199
12/05/2008 11:30 am
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halfabustisbetter's Avatar
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 Posted 12/05/2008  11:42 am  Show Profile   Bookmark this reply Add halfabustisbetter to your friends list Get a Link to this Reply
Man, I want BadThad to grade all of my coins.
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Metalman's Avatar
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 Posted 12/05/2008  2:25 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply

Quote:
The rims are good and there's no problems. This coin is another example of a required net grade (based on the pics).


Which surface if this coin was net graded would be the one to determine the price of the coin ?

This coin is a candidate for the old grading method (before Net Grading which hyper inflates the market value ) and that is grading to the lower grade or grading each side of the coin independently .

this coin would be given a grade of F-15/VF-30 and the buyer could then decide if the coin was suitable for his collection based on the true grade of the coin .

while I agree that the reverse is stronger my inclination would be to favor the obverse as a buyer and my offer would be heavily influenced based on that surface .

when a coin is net graded and a price sheet is used as a reference for price you pay for a grade which does not appear on the coin at all ,it may be exceeded by one surface and not met by the other .

this serves only to hyper inflate coin values and skews the market and costs of the coin .

net grading is the devil ! LOL (a waterboy quote) and is meant as a jest !
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BadThad's Avatar
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 Posted 12/05/2008  3:00 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Metalman - If I was buying this from a dealer, I'd use the obverse to determine price....duh....LOLOLOL
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Metalman's Avatar
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 Posted 12/05/2008  3:10 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Thad

If this coin was net graded in a PCGS slab the whole idea is to be able to buy the coin sight unseen based on the label.

what is the net result to the market (pun intended) skewed pop reports , inflated price , and a grade which does not appear on the coin and a person who thinks the coin they bought equals the grade on the slab .





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BadThad's Avatar
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 Posted 12/05/2008  3:31 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
If this coin was net graded in a PCGS slab the whole idea is to be able to buy the coin sight unseen based on the label.


Yea, right....LOLOLOLOL


Quote:
what is the net result to the market (pun intended) skewed pop reports , inflated price , and a grade which does not appear on the coin and a person who thinks the coin they bought equals the grade on the slab .


Indeed, that's just a fact of coin collecting. There's such a large human element to the hobby, that is if you want to be any good at it.

I've made quite a few dealers mad by debating their grades. The thing is, most of them may have 30, 40 or 50 years of experience...but usually at most EVERY coin. Their knowledge is usually very wide ranging and generalized. I may not have the number of years they have, but I'm totally specialized into Lincolns. It's the only series I spend all my hours on. I certainly don't know it all, but I know more than most dealers when it comes to grading and price.
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steve199's Avatar
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 Posted 12/05/2008  3:58 pm  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply
Ya'll are talking about "this coin" like he's not even in the room!




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Metalman's Avatar
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 Posted 12/05/2008  4:04 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Sorry Steve !

Im all better now !
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steve199's Avatar
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 Posted 12/05/2008  4:16 pm  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply
No problem, I find the discussion interesting. Just didn't want Abe to find out his back side looks better than his face.
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KurtS's Avatar
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 Posted 12/05/2008  4:38 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply


Quote:
I've made quite a few dealers mad by debating their grades
Ruh-roh. Despite some dealers being touchy on this subject, which after all is about money-- collectors should feel free to question any grade. At shows or shops, some of these guys have this "air of authority", which is all about controlling transactions to their favor--it's very "old school". You didn't ask my opinion, but there it is, lol.

If I sold this 1909 to another collector, I'd charge an F12-15 price, technicalities aside.
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