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1840 $1 Liberty Seated Dollar #2

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Bedrock of the Community
numismatic student's Avatar
United States
11881 Posts
 Posted 04/16/2022  8:43 pm Show Profile   Bookmark this topic Add numismatic student to your friends list Get a Link to this Message Number of Subscribers
$1,226. Thoughts? Thanks!

1840-$1-Liberty-Seated-Dollar-#2
1840-$1-Liberty-Seated-Dollar-#2
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Pillar of the Community
Jaobler's Avatar
United States
6384 Posts
 Posted 04/16/2022  9:44 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Looks authentic, with a fair amount of small contact marks but no major hits. Doesn't appear to have been harshly cleaned. Detail is at least AU-50. Price was very good, as long as it grades problem-free.
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BH1964's Avatar
United States
10982 Posts
 Posted 04/16/2022  10:27 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Those look like scans with no luster apparent. Whether there's any luster or not is a question that needs answered. AU+ remaining detail for sure. In a top tier AU55 holder it's a $2k piece easily. I'd just hope it not dipped to death.
ANA #R3154474
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Slider23's Avatar
United States
4469 Posts
 Posted 04/16/2022  10:30 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
I am at AU Details cleaned. The coin does have a shot at a straight AU grade.
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Ty2020b's Avatar
United States
4680 Posts
 Posted 04/17/2022  09:28 am  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
AU Details, cleaned, possibility to straight grade. Curious how the dark patch to the right of the date and also on the reverse between the eagles wing and A3 look in hand.
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JasonKflo's Avatar
United States
1694 Posts
 Posted 04/17/2022  10:09 am  Show Profile   Bookmark this reply Add JasonKflo to your friends list Get a Link to this Reply
Thinking AU-53
I can not tell if its cleaned from the pics since scans take alot out of the color of the coin
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panzaldi's Avatar
United States
18662 Posts
 Posted 04/18/2022  08:32 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
AU50.
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NumisEd's Avatar
United States
5182 Posts
 Posted 04/18/2022  08:41 am  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
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fortcollins's Avatar
United States
3644 Posts
 Posted 04/18/2022  11:28 am  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
Seller's photos? I can't really get a good feel for the surface conditions from the photos. In terms of grade, I'm comfortable with at least AU-50. I also wonder about the darker spots on the coin. The in-hand photos will really be important here. This might be a fantastic purchase. There are a lot of grade-appropriate coins in mid and lower grades, but 1840 is a bit of a challenge to find with nice surfaces in higher grades.
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Everest's Avatar
Taiwan
606 Posts
 Posted 04/18/2022  1:14 pm  Show Profile   Bookmark this reply Add Everest to your friends list Get a Link to this Reply
Put me in the camp that believes this coin and the 1845 LSD posted earlier have been seen by numerous individuals over the years. If these coins would straight grade it would have happened by now.
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numismatic student's Avatar
United States
11881 Posts
 Posted 04/18/2022  1:51 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
I always found it interesting that certain dealers always go out of their way to tell me that all good coins have been slabbed. Yet these same dealers are always hunting for raw coins to buy and they tell me that they submit hundreds of coins to the TPGs for slabbing every month. Weird right?
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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Ty2020b's Avatar
United States
4680 Posts
 Posted 04/18/2022  3:22 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
I never understood the argument "if it were problem free it would be slabbed" or vice versa. People collect raw coins. I collect both. I've cracked more slabbed coins than I can count for albums. When/if the time comes to sell, I may get some re-slabbed, others I'll sell raw. My LCS primarily deals in raw. Depending on the coin and the market, raw sell just fine.

The only time I see red flags is when a dealer sells mostly slabbed, straight graded examples, and their raw coins look questionable.


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Everest's Avatar
Taiwan
606 Posts
 Posted 04/18/2022  3:44 pm  Show Profile   Bookmark this reply Add Everest to your friends list Get a Link to this Reply
Different strokes for different folks which is great but when I see a coin that if slabbed would be worth a few thousand dollars more it raises a red flag with me.
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Ty2020b's Avatar
United States
4680 Posts
 Posted 04/18/2022  4:21 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply

Quote:
if slabbed would be worth a few thousand dollars more


While I do agree that it is typically easier to move a coin in a straight graded holder, and they do typically bring a bit more in this day and age, I'd have to respectfully disagree with this statement. This statement would be true for those that buy the holder, not the coin. And also be completely dependent on what a TPG's opinion of this coin was.
Bedrock of the Community
numismatic student's Avatar
United States
11881 Posts
 Posted 04/18/2022  4:40 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply

Quote:
Different strokes for different folks which is great but when I see a coin that if slabbed would be worth a few thousand dollars more it raises a red flag with me.


I don't think we have any disagreement here. This coin raised flags for me and may turn out to be a dud when I receive it, but given that there is a return privilege I'm not sure I'm taking any risk. It's not like a Heritage or Stacks auction where you're stuck with what you get. I'm not sure this coin is worth any more than I paid, but I was willing go down the road to find out.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Bedrock of the Community
numismatic student's Avatar
United States
11881 Posts
 Posted 04/22/2022  5:05 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Further thoughts? Thanks!

1840-$1-Liberty-Seated-Dollar-#2
1840-$1-Liberty-Seated-Dollar-#2
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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