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 Replies: 10 / Views: 1,150 |
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Rest in Peace
United States
5375 Posts |
These are the seller pictures:  The coin appears gently wiped on the front (slightly darker in fields), but mostly original. The back is original. The grade is either AU-58 or UNC details, probably UNC but I'm not sure. Do you agree with my assessment? Which grading service should I try? This is a very, very rare date (a grand total of 36 sold on heritage, some of which indubitably are repeats), so would I be able to weasel out an MS-61 or better out of NGC? They seem to be lax on grading dipped seated liberties. I paid $330, by the way : D |
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Moderator
 United States
23522 Posts |
Hmmm. Let me first say,  . The wiping looks almost like incidental damage rather than deliberate; there's nothing clinging into any nook/cranny which indicates a need for cleaning ever existed. As such, a reasonable assessment on the part of a TPG could put it into a slab without prejudice. Of course, the TPG's aren't reasonable. A coin like this, where there are probably fewer than 50 graded in Mint State, is highly unlikely to make it into a Mint State slab when any doubt exists. There's enough evidence of "wear" in the proper areas on the obverse to provoke reasonable doubt, so even if it slabs cleanly it'll probably be at AU-58. Of course, at that it's a $500+ coin, so well-bought either way. If you choose to slab, I'd agree that NGC is the recommended choice, but I can't express great confidence that they'll make you happy. |
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Rest in Peace
 United States
5375 Posts |
I can't either, given how they butchered the grade on my half eagle : p
I wasn't sure about the wear though. Do you see wear on the chest? I wasn't sure if that was just rub, as opposed to 'luster scuffs' or something. You're probably right though.
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Moderator
United States
23522 Posts |
I'm seeing it as "cabinet rub," and believe the coin to be Mint State. However, it's sufficiently obvious (especially when you import it into a graphics program and invert the colors) so that a TPG, not wanting to create wealth, would likely call it circulation wear. The shoulder is especially obvious. However, the right leg/knee (about the highest point of the strike) shows a lot less "wear." That's why I believe that someone once rubbed this coin on something, rather than it ever being handled in circulation. There's too little photographic detail remaining on the reverse for me to be able to draw any conclusions in the Gimp - you can't add data that ain't there. That keeps me from being certain either way. We ought to get together for coffee some time. I'll bring my Canon. 
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Moderator
United States
16677 Posts |
Although the coins luster does not look disrupted, I would have to agree with the fact that this coin was gently rubbed in the past. It is a pretty rare coin and would most likely receive a "genuine" grade IMO from PCGS (where I would send it by the way). PCGS probably will not grade the coin, but I believe the coin is an AU58+. An incredibly scarce coin that was a great by for $330. Congrats!
swcoin.ecrater.com
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Rest in Peace
United States
5375 Posts |
Lol.
If this were an MS, what do you think it would grade? MS-62?
I would consider submitting it up to three times if I could get an MS-62 grade. That's a $1200 coin, I think.
Your assessment sounds about correct. It looks to have too much original luster to have been purposely cleaned or something.
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Bedrock of the Community
United States
10982 Posts |
Quote:
If this were an MS, what do you think it would grade? MS-62?
I'd say MS61 if it grades. 62 would be liberal but not out of the question. Chances are good that it has been submitted and bagged already and I agree with vermontensium that PCGS would likely "genuine" it. ANACS may be your best bet for a professional appraisal and detail grade. An "MS Details" from ANACS could be a good result because eventually somebody else will probably slab it, it just may take a few tries. |
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Moderator
United States
23522 Posts |
It's not like you're gonna lose money on this one. |
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Moderator
United States
16677 Posts |
 This coin was a fantastic pickup  swcoin.ecrater.com
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Rest in Peace
United States
4849 Posts |
A few minor hairlines, but the coin seems to retain most of it's luster. I like it. Good pickup!
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Pillar of the Community
United States
6381 Posts |
It's a nice coin and probably worth gambling a couple grading fees at PCGS or NGC. The obverse hairlines are pretty obvious but hairlined coins are not automatically rejected for grading. I do think there is enough visible rub to generate a details grade of AU-58; the hairlines might then drop it to AU-55. It's worth a try!
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Replies: 10 / Views: 1,150 |
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Posted 04/14/2009 4:25 pm
