1904 Double Eagle Liberty - Is This One Good? - Page 3

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Author	Replies: 39 / Views: 4,728	Page: of 3

jecz79 Pillar of the Community Portugal 678 Posts	Posted 02/09/2023 8:46 pm True about hidden problems. The 1923 I returned had the rim with some damage. But the four $20 I ended with have it good :) I still cannot get a useful picture of the two side by side. It is hard to focus even one of these big coins. But I could investigate why they look different. These are photos of the Y again. First the 1904 coin in this topic, and second the other 1904 I bought later. The second is what I am used to see in gold coins. I also looked at the fields of the two St. Gaudens I got. They look normal, like the second one. There is a difference in texture. It was what made photographing this one harder. These larger flow lines scatter the light and give it the frosty appearance. It is not a proof, by any current standards I know. The relief portions are the ones specially treated in proof coins. Here it is just that the field accidentally came out with this grainier finish that create a different shine. Perhaps some coins come out like this depending on pressure or temperature at the press or some other variable of the process. Edited by jecz79 02/09/2023 8:53 pm Report this Post to the Staff
jecz79 Pillar of the Community Portugal 678 Posts	Posted 07/28/2023 7:50 pm I think BH1964 and panzaldi were right about the luster. Got graded MS64. A bit disappointed, the fields were nice. But I think it is fair. Have handled other $20 after this, I can see differences in luster between coins. This is a good forum to ask opinions! Report this Post to the Staff
panzaldi Bedrock of the Community United States 18706 Posts	Posted 07/29/2023 10:37 am when you see that kind of break in the luster there is no way they are going to put a 65 on it. they will give a lot of leeway for marks but not that. still a nice coin Report this Post to the Staff
jecz79 Pillar of the Community Portugal 678 Posts	Posted 07/29/2023 2:22 pm Thank you. Learned something. Luster is very important when considering if a coin is gem quality. And I think you are also right about marks. I sent a sovereign that I feared would come back details because of a mark in the field. Came out details - cleaned. Not because of the mark, one that must have been a scrap against another coin. Broke out the coin and examined more carefully. There are hairlines all over, hard to notice but someone must have swiped it with a cloth. I had not noticed before sending. But there they were there on my older photo, should have looked better. Waste of a holder. Their holders are pretty thick, well made. So I saw there is leeway about marks. And think that is fair, coins hit each other. But any cleaning, hairlines, they notice! I I may ask for another advice. I am leaning to sell this $20, as I found others of the type after, as good I think and with better luster The numismedia fmv prices are not what to expect from coin dealers, but what collectors expect to pay to dealers? Edited by jecz79 07/29/2023 2:28 pm Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 07/30/2023 01:20 am Congratulations on your MS64 grade. You did well. ANA #R3154474 Report this Post to the Staff
panzaldi Bedrock of the Community United States 18706 Posts	Posted 07/30/2023 10:39 am Quote: The numismedia fmv prices are not what to expect from coin dealers, but what collectors expect to pay to dealers? correct grading gold is a little different animal than other series due to the softness of the metal. the best way to learn grading them is go to ebay or other site and pull up slabbed coins so you can see how many marks/scratches are acceptable and amount of luster needed at each grade. its not as good as in hand but most of us dont have access to them. if you are going to invest in higher end gold then this is a must if the coin is raw Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 07/30/2023 11:38 am Congratulations are in order! Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 07/30/2023 4:06 pm Retail on a top tier certified, MS64 1904 $20 Lib is right around $2500 these days. Which is low imo considering there's $1900 in gold there. You should be able to find eager buyers at $2300 or $2400. If you could get a CAC sticker on it the value increases significantly, to over $3000. What TPG did you use? ANA #R3154474 Report this Post to the Staff
jecz79 Pillar of the Community Portugal 678 Posts	Posted 07/31/2023 4:12 pm Thank you. It was NGC. Easier to send from here. And it still takes some 3 months. Not much keen on repeating the experience with CAC. I am not into doing online sales myself. So I am guessing that to sell it here, to someone who in turn will sell it to a reseller in the US, there goes the whole premium over melt value. Still, better that than to let it go to melt! I am looking here if any of the dealers have interest. Report this Post to the Staff
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