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First Attempt To Grade A $5 1880 Liberty Gold Coin

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dldmetz's Avatar
United States
17 Posts
 Posted 11/02/2023  7:07 pm  Show Profile   Bookmark this reply Add dldmetz to your friends list Get a Link to this Reply
Panzaldi - know exactly what you mean. When I was analyzing and comparing the various grading pictures on the PCGS, I saw coins graded as AUs that appeared, at least in my eyes, to be in better condition than ones graded as MS. Then I saw coins graded as MS which looked worse, in my eyes, than ones graded as AU. Guess the old saying is true - beauty is in the eye of the beholder.
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Coinfrog's Avatar
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94367 Posts
 Posted 11/02/2023  7:53 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Just a bullion coin.
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dldmetz's Avatar
United States
17 Posts
 Posted 11/02/2023  8:25 pm  Show Profile   Bookmark this reply Add dldmetz to your friends list Get a Link to this Reply
If its a bullion coin than I earned a F on my first grading attempt. I do understand why a bullion designation is being considered (scratch on the cheek). Is there a grade point, at which a is coin considered to be a bullion coin or does it depend upon the market value of the grade for the coin itself?
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panzaldi's Avatar
United States
18684 Posts
 Posted 11/03/2023  10:46 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply

Quote:
I saw coins graded as AUs that appeared, at least in my eyes, to be in better condition than ones graded as MS. Then I saw coins graded as MS which looked worse, in my eyes, than ones graded as AU.


very possible. a high grade AU coin almost always looks better than a low end MS coin. low MS coins typically exhibit a lot of marks, scratches, scuffs and discoloration. i'd almost always take an AU58 over an MS60,61 or 62 coin


Quote:
Is there a grade point, at which a is coin considered to be a bullion coin or does it depend upon the market value of the grade for the coin itself?


the answer is yes in most cases. however there are a lot of variables. if the coin is common and has a low enough grade that does not exceed its market value then obviously its just worth the metal content. same goes for damaged coins but again it comes down to rarity.

BTW your coin is worth more than melt
Edited by panzaldi
11/03/2023 11:08 am
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IndianGoldEagle's Avatar
United States
36826 Posts
 Posted 11/05/2023  5:24 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
AU-55.
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