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1792 Half Disme You Vs PCGS

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Slider23's Avatar
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 Posted 03/17/2022  3:25 pm Show Profile   Bookmark this topic Add Slider23 to your friends list Get a Link to this Message Number of Subscribers
This is not my coin. A little history of the 1792 below.

1792 H10C Half Disme, Judd-7, Pollock-7, R.4, 21.1 grains, die alignment 360 degrees, obliquely reeded edge. The 1792 Half Dismes were the first coins struck under the authority of the Mint Act of April 2, 1792. Just over three months after the passage of the Mint Act, Thomas Jefferson deposited $75 in silver to begin the first official U.S. federal coinage. The coins were struck in Philadelphia saw-maker John Harper's basement, where the U.S. Mint's machinery was stored at the time, since the Mint building was not yet ready for coinage operations. Two days later, on July 13, 1792, Jefferson received 1,500 examples of the new coinage. Jefferson spent the new Half Dismes freely on a trip to Monticello shortly afterward, clearly establishing the coins as circulating issues, rather than patterns.

1792-Half-Disme-You-Vs-PCGS
1792-Half-Disme-You-Vs-PCGS
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Ty2020b's Avatar
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 Posted 03/17/2022  3:53 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
XF40 Details, Damaged. Please tell me this didn't make its way into a straight grade holder
Edited by Ty2020b
03/17/2022 3:53 pm
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Coinfrog's Avatar
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 Posted 03/17/2022  5:49 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'll say high VF details (scratched).
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jacrispies's Avatar
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 Posted 03/17/2022  6:07 pm  Show Profile   Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
VF Details damaged.
Suffering from bust half fever.
Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955
Shoot me a PM if you are looking to sell bust halves.
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numismatic student's Avatar
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 Posted 03/18/2022  03:17 am  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
I was looking at this coin last year. It was net graded and as previous posters have said, it didn't deserve to be. Also didn't deserve the hammer price it realized.
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Ty2020b's Avatar
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 Posted 03/18/2022  08:52 am  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
Looking at it again I was probably a bit generous, VF sounds right. VF Details Damage.

Knowing what NS said, I'd say they had to have netted down at least a couple grades. I do not agree with a net on this one, too much going on, but it is a rarity.
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panzaldi's Avatar
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 Posted 03/18/2022  10:06 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
due to the rarity I cant see why they would net grade it. VF details. graded net F15 details
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Slider23's Avatar
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 Posted 03/19/2022  09:44 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
PCGS GRADE: F15
This example is the poster coin for net grading. It sold at Heritage in 2021 for 84K.
1792-Half-Disme-You-Vs-PCGS
Edited by Slider23
03/19/2022 09:53 am
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Keith67's Avatar
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 Posted 03/19/2022  10:02 am  Show Profile   Bookmark this reply Add Keith67 to your friends list Get a Link to this Reply
For a net grade, that sounds about right
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paralyse's Avatar
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 Posted 03/19/2022  10:54 am  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
PCGS's (or NGC's) opinion of a coin's grade is not the only opinion that matters, although the numismatic market at large -- particularly at the auctions -- seems to think that's the case these days.

I much prefer net grading to the "details" designation, but something subjective such as net grading is normally fundamentally incompatible with PCGS's grading system, which is why it's surprising to me to see a coin that would usually get the "details" designation in a straight grade holder.
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