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 Replies: 17 / Views: 2,900 |
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Bedrock of the Community
United States
10045 Posts |
I ran across these coins researching auction prices for the 1877. All are graded "problem free" by PCGS. Based on the obverse pics below, what grade do you think they deserve?  Good luck!  1.  2.  3.  4.  5.  Edited by DVCollector
11/25/2009 2:51 pm
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Pillar of the Community
United States
532 Posts |
1- AG3
2- VG8
3- VF20
4- XF45
5- XF40
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Moderator
 United States
23731 Posts |
Images not showing up for me.
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Bedrock of the Community
 United States
10045 Posts |
Thanks for pointing that out--a server glitch, now fixed. |
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New Member
United States
25 Posts |
I'd agree with RFB with the exception of #4 & 5 being very close in grade.
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Bedrock of the Community
United States
10045 Posts |
I'm pretty close too...but I'm going to wait for more input. |
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Moderator
United States
16679 Posts |
AG03
VG08
F15
VF35
XF45
swcoin.ecrater.com
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Moderator
United States
23731 Posts |
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Pillar of the Community
United States
8904 Posts |
AG-3 G-6 F-15 EF-40 EF-45 Sweet collection! I want them all!  |
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Valued Member
United States
124 Posts |
I'm pretty new at this, but I'll weigh in by agreeing with Moe145. The last one is the strongest. The second to last one has a little more wear on the bottom curl and the top feather. That makes the last two EF 40 and EF 45 to my eye. Nice coins |
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Bedrock of the Community
United States
10045 Posts |
Yeah--I'd want all of these, no matter the grade! Photos don't tell everything, but based on what I see. 1. AG03 (I don't see distinct rims) 2. VG8 (signs of corrosion from the feathers through OF AMERICA ) 3. F15+ (poss. VF20) 4. VF35 (ribbon looks barely connected to hair) 5. EF40 (ribbon distinct, but diamonds are not complete) (I've based my grades on Rick Snow's guide) Here are the PCGS grades on the slabs taken off Heritage Are we better IHC graders than PCGS?  1.  2.  3.  4.  5.  Have a great Thanksgiving everyone!  Edited by DVCollector
11/26/2009 2:51 pm
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Bedrock of the Community
United States
10982 Posts |
Without the reverses, this is an impossible call.
Coin no. 1 must have a very nice reverse because the obverse is not close to G06.
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Bedrock of the Community
United States
10045 Posts |
It's been my experience that IHC grading is weighted on Liberty's details--barring problems elsewhere. How can an IHC be graded AU53 if the obverse details are XF40? Snow's notes on grading, linked above, chiefly rules by the obverse. You're certainly welcome to disagree, but from what I've seen, the collector market grades/buys on the IHC obverse--barring other problems of course! As one example, I'll post the "G06" reverse. It doesn't change my grade; you're welcome to find the rest on Heritage. I won't make this thread needlessly long.  Edited by DVCollector
11/26/2009 4:22 pm
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Moderator
United States
16679 Posts |
Wow! If I were to sell that #1 IHC at G06 $$ raw, I'd be laughed at. The reverse is a G06 but that obverse is an AG03 all day long. This is where grading becomes subjective. If you are going to purchase a coin only because PCGS says it's an XF45, then you are buying the holder and IMO, your foolish. The major TPG's are opinions. That's it. swcoin.ecrater.com
Edited by vermontensium
11/26/2009 5:33 pm
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Bedrock of the Community
United States
10045 Posts |
Quote:
The reverse is a G06 but that obverse is an AG03 all day long. This is where grading becomes subjective.  Thinking further on this one, the reverse is better, but that doesn't change my sentiments by much. It's odd how slabbing gets the attention off the coin, and onto their printed label--what does that say about TPGs? Imo, none of the coins above merit the market value as graded--even if the reverses are better. As you suggest--the true test is breaking them out, and then offering them for sale. |
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Bedrock of the Community
United States
10982 Posts |
This looks like a good example of "market grading" on a key date. If these IHC were dated 1887, I'd venture a guess that the assigned grades would be 3-5 points lower. |
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Replies: 17 / Views: 2,900 |
Posted 11/25/2009 2:35 pm
