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 Replies: 19 / Views: 1,681 |
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Valued Member
United States
175 Posts |
I recently purchased this coin in a SEGS holder. I know with these to buy the coin, not the slab. The background the seller gave me on the coin was that it was dug up metal detecting at an old church in the 1970s. Was in the ground maybe up to close to 80-100 years. The coin was sent into SEGS many years ago and was graded MS62 details. Seller stated it has pitting due to being in the ground for many years. The photos are not the best, due to the putting, hard to take true photo. Lots of luster remaining on the coin. I paid a fair price. Knowing this is not likely to be a MS62 details specimen. Here are my questions. What do you date the SEGS holder? If this was sent to NGC or ICG what kinda grade do you think I would get? Is it true that these are hard to crack? This slab is most solid I've ever seen! Any pointers, info, etc would be appreciated in trying to get an actual value Thank you all for any input and help with my questions and value.      |
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Valued Member
 United States
175 Posts |
To add to this some. I am still learning how to grade coins raw. Using grading books etc. Thank you again for any help.
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Bedrock of the Community
United States
10982 Posts |
SEGS likely got it right on authenticity and that's a big issue. Cracking any slab is easy. I use a diamond bladed Dremel tool but any Vise-grips work too. Just keep the jaws away from the coin and break it over a soft towel, carpet, etc. With this coin you don't need to be too worried because it's got a lot of problems to begin with.
It has active Verdigris so it should be soaked in Verdi-Care once removed (assuming you crack it) from the holder. MS62 details sounds ridiculous to me after viewing the images. It looks like a dug coin with heavy porosity/environmental damage. I might go AU Details (at best). Good luck to you!
Oh, NGC or ICG will detail it for porosity/ED but at least you could get the verdigris neutralized.
EDIT: My guess on value is $400.
Edited by BH1964
03/11/2024 12:06 am
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Bedrock of the Community
 United States
10478 Posts |
SEGS holders are really hard to crack - better to cut it using a Dremel tool with a cut-off wheel attached or, if you have access to, a fine tooth bandsaw.
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Moderator
United States
56855 Posts |
If you send it in use PCGS or NGC. John1  |
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Pillar of the Community
United States
2001 Posts |
The cert # checks out but I find it curious that segs would assign a numerical grade to a details coin. Looks like it was just recently slabbed in 2022. Personally, I am not a fan.
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Pillar of the Community
United States
2001 Posts |
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Valued Member
United States
202 Posts |
If it were me I would either keep it in the SEGS holder or crack it out and put it in an album. Not much point in sending in to another TPG to tell you what you already know, which is that it's a genuine XF-AU or so coin with environmental damage. Edited to add: Not to mention, NGC or PCGS could return the coin as authenticity unverifiable due to the corrosion. Edited by apcol258
03/11/2024 08:25 am
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Bedrock of the Community
United States
12057 Posts |
Keep it in the holder. SEGS is not a terrible no-name basement slabber. Of course, they're not a top tier TPG by any means, but their holders are good quality and will protect the coin. I have a few SEGS coins that have held up very well. PCGS or NGC would likely put this at AU Details - Environmental Damage. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
94367 Posts |
I'll say EF details (ED).
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Pillar of the Community
United States
8515 Posts |
Wrap it in paper towels, stand it on the edge and give a couple good whacks with a hammer. Takes 10 seconds.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
Edited by 52Raymo
03/11/2024 3:40 pm
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Bedrock of the Community
United States
36531 Posts |
I agree with Frog, EF details, ED and cleaned. Chances are you would have been better off spending the same amount of money on a much lower grade that does not have major issues.
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Moderator
United States
187672 Posts |
Quote:
Wrap it in paper towels, stand it on the edge and give a couple good whacks with a hammer. Takes 10 seconds.  |
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Pillar of the Community
United States
4415 Posts |
IMHO, SEGS holders were and remain the best in the business. To my experience, the slab's surfaces are more durable and less prone to get scratched in handling than either PCGS, NGC or ANACS. Also, I love the "top read" aspect.
Personally, I'd keep this coin in the SEGS holder. You'll likely get a much lower details grade if you switch it out; probably a VF details. Why pay the fees and wait months on a coin that's worth maybe $600 or so? You know it's genuine, and that's what's most needed here. Furthermore, if you decide to sell it at some point, Larry Briggs is a top buyer (a top shelf guy, too), and he's to be found at many shows.
Good 1877's are selling for $400 up. This coin boasts a FULL, SHARP LIBERTY. Slabbed with ED, as it is, I'd sooner own this certified one than an unslabbed one, graded good.
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Bedrock of the Community
United States
94367 Posts |
I'd trade this for a nice chocolate G-06 any day.  |
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Pillar of the Community
United States
1018 Posts |
With that porosity, NGC and PCGS would likely label it as AU or XF detail. I can't see any way they put an UNC detail on it. Sorry to be harsh, but that is what I see. All the detail is obscured by the environmental damage. Definitely genuine though!
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Replies: 19 / Views: 1,681 |
Posted 03/11/2024 12:00 am
