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 Replies: 19 / Views: 1,250 |
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New Member
United States
5 Posts |
I'm trying to determine whether it would be worth having this coin graded prior to sale and if so, which grading company I should use. This coin has been passed down through the family for generations. For what it's worth, the story goes that one of my Mom's ancestors had it sewn into his confederate uniform coat. A friend told me that most of the ones from this mint were "weakly struck" in this era and this one had more definition making it more valuable. Please let me know what you'd recommend. Thanks! Joe   |
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Pillar of the Community
United States
7614 Posts |
 to The Community! Definitely certification by NGC, PCGS or ANACS if you want "max" money to help erase doubts of authenticity. Auction by Great Collections will give the coin the promotion it deserves when it comes time to sell. Looks solid with AU details to me. If at all possible keep the coin as long as long as you can as it's been part of your Family for generations. Once it's gone the stories and history it had will fade over time. Wonderful coin! Congrats and good luck whatever you decide! |
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Bedrock of the Community
United States
94367 Posts |
to the CCF! |
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New Member
 United States
5 Posts |
Thanks for the welcome and the info. I'm much more involved with woodworking forums and appreciate your support of a numismatic newby.
For the record, I'm selling this to help out my elderly mother. I never had children so I'm the last generation.
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Pillar of the Community
United States
4233 Posts |
No cousins? Not keeping it in the family with a story like that makes me feel sad! I agree with AU Details (cleaned) a probable grade and ANACS, NGC or PCGS slabbing would help the sale. ANACS would be cheapest.
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Moderator
 United States
15395 Posts |
to the CCF Quote:
I'm much more involved with woodworking forums I used to hang out a LOT at the WWA - years ago and have not visited since. Check out my signature hyperlink. Edited by nickelsearcher
03/05/2024 05:46 am
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New Member
United States
5 Posts |
"I agree with AU Details (cleaned) a probable grade..."
My understanding was that you should never clean coins as it reduces the value. Is this not the case anymore or not apply to gold coins?
If so, should I have the coin professionally cleaned before grading or is it something I can do myself?
I would consider doing it chemically or through an ultrasonic jewelry cleaner but definitely don't want to add any scratches.
Edited by deepcreek
03/05/2024 08:03 am
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Moderator
United States
187840 Posts |
to the Community! |
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Pillar of the Community
United States
4233 Posts |
Don't clean it. I meant that it would get a "Details" grade because it looks like it was previously cleaned. "Details" is what the graders use to indicate a problem, such as cleaned, scratched, damaged, graffiti, etc. I don't know why they don't just say Problems instead of Details. You can request the TPG conservation service along with the grading. I'm not sure what they do when conserving a coin but it won't damage it. I don't know if this coin would benefit from it or if it's worth it. |
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Pillar of the Community
United States
3848 Posts |
You can also choose to consign a coin to an auction house and they'll send the coin into grading for you. Instead of a three month turnaround for the standard consumer, they can get it done in a couple of weeks maximum. Probably the best option considering there would be a lot of hustle in selling and a dealer would pay the low end of auction potential. PCGS or NGC would work, do not use ANACS or ICG for this coin.
I think that coin grades AU Details Cleaned, and carries a huge premium for a conditionally challenging issue. I would guess this would bring $2,000-$4,000 at auction.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Bedrock of the Community
United States
36672 Posts |
AU details, cleaned and well worth getting slabbed.
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Pillar of the Community
 Canada
1761 Posts |
 @deepcreek |
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New Member
United States
5 Posts |
It's interesting that the coin has been cleaned at some point.
My Mom said it's been in a safe deposit box for 50 years since it came through an estate.
It was valued at that time by World Wide Coin Investments Ltd at $160.
My understanding from the folks at Great Collections is that is worth about half ($1500) of what it would bring uncleaned.
Bummer!
Edited by deepcreek
03/06/2024 2:55 pm
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Pillar of the Community
United States
7614 Posts |
1500 $ sounds way too cheap in my 2-cent opinion.
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Bedrock of the Community
United States
11880 Posts |
This is a great looking coin. I would be interested in purchasing this. PM me if you would like to discuss an offer. Good luck!  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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Pillar of the Community
United States
6381 Posts |
Would probably make AU details. Obviously cleaned with hairline scratches on both sides. Similar cleaned examples have sold in the $1500 - $3000 range over the last 9 years on Heritage.
I wonder if the value as a family heirloom outweighs its monetary value. Maybe you could buy it yourself.
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Replies: 19 / Views: 1,250 |
Posted 03/04/2024 10:05 pm
