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 Replies: 8 / Views: 1,499 |
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Pillar of the Community
United States
1372 Posts |
Picked this up from the same seller. I'm looking for a 4th coin for my PCGS membership submissions....and one of these may make the grade, so to speak. I think this is a high AU as well. It's worth a bit more than the 1858, and I bought it for a little less. Chancellor Sutler  |
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Rest in Peace
United States
4849 Posts |
It is hard to get a read on the luster from those pictures. A high AU would require a significant cartwheel luster affect when rotated under light. Nice coin!
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Pillar of the Community
 United States
1372 Posts |
The Seated coins aren't as likely to have pronounced cartwheel luster. That is a hallmark of coins with higher mintages...if what I'm reading is correct. This one's much more scarce than the 1858 I posted, and the 58 seems to have more pronounced mint luster. The mintage of the 1845 was 922 thousand, while the 1858 reached a stunning 7.36 million....which was really high for that time period. It makes sense that the 58 would have more pronounced mint luster. I'm anxious to see them when they arrive. They may be even better than the pictures allow. Chancellor Sutler Edited by Chancellor Sutler
12/26/2009 9:47 pm
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Pillar of the Community
United States
6384 Posts |
It looks AU-50 or so in terms of wear, IMO. The color could be original but I'd check carefully under a strong light for evidence of cleaning. The left side of the date is lighter than the right. I've seen a coin recently which had been rubbed around the date with something like a pencil eraser; it had a similar appearance in that area. If the coin has luster and no definite cleaning signs it might be worth the gamble to submit it. PCGS shows a retail value of $130 for this coin in XF-40 and $225 for AU-55.
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Pillar of the Community
United States
1372 Posts |
I think this one may be a prize indeed. Check this excerpt of an article I was just reading:
"In mint state, almost all the dates prior to 1853 are extremely difficult to find. There are two reasons for this: first, the weak strikes of this era made many coins look more worn than they actually were; and second, the melting that took place around 1853 due to the increasing value of silver forever destroyed vast quantities of coins."
I'm going to go to Heritage and see if the first digits of the date appearing weaker is a typical striking characteristic...
Chancelloe Sutler
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Pillar of the Community
United States
1304 Posts |
From yhe pics I would say AU-50. But I would not be suprised if it graded AU-55.
Either way nice coin.
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Moderator
 United States
23731 Posts |
For now I'm going to say AU-53 from what I can see from the sellers pictures.
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Moderator
United States
23522 Posts |
IMO no conclusion as to luster or the date can be drawn from these pics; the lighting is far too bright and heavily-biased towards the side. My guess is the right side of the coin more closely approximates what the OP will see in-hand; this tends to give me confidence that he'll see something like a relatively-dark, original-surfaces Seated coin.
Even with the bright lighting washing out details, it's not hard to see the strength of this coin. I'd have certainly taken the chance if the price were right.
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Pillar of the Community
United States
1372 Posts |
The detail that stands out to me (and part of my premise that this will grade high AU)is the line of division between the rim and the obverse denticles. By the time you get to a 55...most in that grade do not have clear seperation of those features. By the time you reach 53...the seperation is gone, the rim and denticles have merged entirely. While it wasn't a bargain basement price, I don't think 150.00 was too much to pay for this coin. I bought both quarters believing them to have original surfaces. We'll see when they get here.
Chancellor Sutler
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Replies: 8 / Views: 1,499 |
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Posted 12/26/2009 9:47 pm
