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Grading For Show Acquisition 1909 Lincoln

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desertgem's Avatar
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 Posted 12/10/2008  02:43 am Show Profile   Bookmark this topic Add desertgem to your friends list Get a Link to this Message Number of Subscribers
A coin I purchased at a coin show Sun.
I would be interested in what you would grade this 1909 Lincoln.



Jim

Grading-For-Show-Acquisition-1909-Lincoln

Grading-For-Show-Acquisition-1909-Lincoln

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nlp coins's Avatar
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 Posted 12/10/2008  08:40 am  Show Profile   Bookmark this reply Add nlp coins to your friends list Get a Link to this Reply
Beauty! MS65/66RB
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echizento's Avatar
United States
23731 Posts
 Posted 12/10/2008  08:48 am  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Great pictures, beautiful coin. At least MS-64.
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halfabustisbetter's Avatar
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1984 Posts
 Posted 12/10/2008  08:57 am  Show Profile   Bookmark this reply Add halfabustisbetter to your friends list Get a Link to this Reply
Is there a possibility that this is a matte proof coin? It would take an expert to know for sure, but something about the size and depth of the rim and the almost granular looking finish when I would expect more insistent luster on a coin with this little apparent wear has me curious. Has anyone ever seen one to compare this one to?
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BadThad's Avatar
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 Posted 12/10/2008  09:33 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Absolutely an outstanding coin, one of the best I've seen. Excellent die state and strike, almost zero hits, nice, even brown color. The only negative I see is some dirt or verdigris inside the obverse motto letters.

MS-66/67 BN

I don't believe it's a matte. Many of 1909's look proof like, this one does more so that most. The rims are very square! However, I think it's just an EDS and well struck.
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steve199's Avatar
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1882 Posts
 Posted 12/10/2008  12:15 pm  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply
That coin is fantastic.

Does CCF accept requests to have a coin added to the public coin gallery? If so, I nominate this one. :)



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desertgem's Avatar
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860 Posts
 Posted 12/10/2008  12:34 pm  Show Profile   Bookmark this reply Add desertgem to your friends list Get a Link to this Reply

It is suppose to be a 1909 Matte Proof. I do intend to send it in for cert., but I do feel it is so. It has the same type of rims as my other 2 matte proofs ( different years), but I am very aware of identification problems with them. I felt that even if it came back a MS designation, the value might be similar. Thanks for the comments!

Jim
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BH1964's Avatar
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 Posted 12/10/2008  12:59 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
desertgem this is a truly beautiful coin but your quote:


Quote:
I felt that even if it came back a MS designation, the value might be similar.


.....is way off. The highest PCGS BN '09 is a MS65BN valued at $55. A PR65BN is valued at $1,150.

I hope it's a Mattie and I think it is.
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BadThad's Avatar
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 Posted 12/10/2008  1:07 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
OK...so you fooled me! I'm far from a matte proof expert, I don't even own one. Congrats!
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desertgem's Avatar
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 Posted 12/10/2008  1:29 pm  Show Profile   Bookmark this reply Add desertgem to your friends list Get a Link to this Reply
Thad,

I myself am not 100% positive on it. I wasn't trying to make anyone feel badly, and
I hope I haven't, as I consider you a top pro on Lincolns condition. Even Breen's
on proofs say that Certification is required. I can't find any contact marks on it,
just slight rub on the flat rims and toning on the cheek and some tone spots on the rev.
Thanks for the comments. Good Karma.

Jim
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halfabustisbetter's Avatar
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1984 Posts
 Posted 12/10/2008  1:29 pm  Show Profile   Bookmark this reply Add halfabustisbetter to your friends list Get a Link to this Reply
There's a lesson here, I suppose. A friend hands you a coin and says "What would you grade it as?" Anybody's instincts might be to look at it and say "EF-45." I guess it would help to answer first, "What is it?" I wish I did it the right way more often, I would probably be a less haphazard cherry-picker.
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BadThad's Avatar
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 Posted 12/10/2008  4:18 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
The highest PCGS BN '09 is a MS65BN valued at $55. A PR65BN is valued at $1,150.


If this coin is indeed a biz strike, it's going to come back from PCGS at minimum MS-66...that's the bare minimum. Personally, I'd probably give it an MS-68 if it was in my collection (if it's a biz strike) and suspect the PCGS grade wouldn't put it far from that. The only reason I said 66/67 is I like to be a little conservative. If it were to be an PCGS MS-68, it's be worth more than you can imagine....there's NONE certified above MS-66....this one would be the king and command a TON of money. No matter what, Jim is not going to lose out on this buy.

The more I look at this coin, the more I do believe it to be proof. On the 1909's I seen that are proof-like (and I've only seen 2 and I own one of them), NONE of them have a rim this perfect. If it's not an MP, then it's one of the first 10 biz strikes to come off the die presses. LOLOLOL

I hate to ask, but how much did you get this for? PCGS price guide puts the PR66BN at $2k and PR67 at $4k. I really think this coin has a shot at PR-66...easily.
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Edited by BadThad
12/10/2008 4:25 pm
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steve199's Avatar
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 Posted 12/10/2008  5:15 pm  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply

Quote:
I hate to ask

Someone finally asked about the elephant in the room.





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desertgem's Avatar
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 Posted 12/10/2008  5:20 pm  Show Profile   Bookmark this reply Add desertgem to your friends list Get a Link to this Reply
Thad,

The dealer was a nice quiet gentleman who was with the sponsoring club, and we talked about Lincolns and IHC varieties for quite a while. Originally it was priced at 649, but after I checked it the best I could, I offered 475. He said he bought it at Long Beach years ago at $495 so he felt he had to get that. Sounded reasonable so we settled at $500.

Another dealer there had a 1913 Matte proof for $450, but it was steaked, possible AT, and the rims were a little off. I passed on that one. I had much more faith in putting out the money for this one.

Jim
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BH1964's Avatar
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 Posted 12/10/2008  5:34 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
If this coin is indeed a biz strike, it's going to come back from PCGS at minimum MS-66...that's the bare minimum.


I think it's a proof based on it's condition. I'm not an expert at Matte Proof diagnostics. The condition certainly looks 67 from the pics.

PCGS has NEVER graded a Brown '09 higher than 65 so if they don't designate it as PR, it's highly unlikely it'll go over 65.
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BadThad's Avatar
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 Posted 12/10/2008  6:07 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
OMG Jim....I would have bought so fast it wouldn't have been funny! There's only 2,618 of these in the world. GREAT DEAL!
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