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1799 Draped Bust Dollar

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Adam590's Avatar
United States
753 Posts
 Posted 11/01/2010  10:14 pm Show Profile   Bookmark this topic Add Adam590 to your friends list Get a Link to this Message Number of Subscribers
Here is a challenge. In about 24 hours I will unveil a full photo of this coin's slab. Although I am trying to work on my grading of ANY type coin, I think I am especially horrendous at determining bust era coins' grades. Let's see how much better you all do!

Keep in mind two things:
1. This coin may or may not be in a "problem" slab.
2. The blurring on the shield is on the holder and NOT the coin.

1799-Draped-Bust-Dollar

1799-Draped-Bust-Dollar
Edited by Adam590
11/02/2010 12:37 pm
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BH1964's Avatar
United States
10982 Posts
 Posted 11/01/2010  10:29 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
My guess is AU Details - Graffiti. The obverse details are amazing with very little apparent wear. The reverse has slight strike weakness in the center but again, great details and little actual wear.

It's really an incredible piece with minor (to me) problems.
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vermontensium's Avatar
United States
16679 Posts
 Posted 11/01/2010  10:37 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
My guess as well, Graffiti. This is in a PCGS Genuine holder and ungradable what ever that means. I agree that any other major TPG would call this AU Details. Nice coin!
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Edited by vermontensium
11/01/2010 10:38 pm
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jakeW's Avatar
United States
689 Posts
 Posted 11/01/2010  10:37 pm  Show Profile   Bookmark this reply Add jakeW to your friends list Get a Link to this Reply
Id go XF45-AU50 scratched. I'm by no means a pro but I can definitely say you got an awesome coin! Congrats
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busthalf's Avatar
United States
1304 Posts
 Posted 11/02/2010  01:36 am  Show Profile   Bookmark this reply Add busthalf to your friends list Get a Link to this Reply
This is a nice coin graffti or not.
XF details
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ACE Mike's Avatar
United States
438 Posts
 Posted 11/02/2010  04:39 am  Show Profile   Bookmark this reply Add ACE Mike to your friends list Get a Link to this Reply
I can't tell if that's graffiti or just plain old circulation marks. I think I am going to agree with busthalf's assesment of EF-40 details. Does not look cleaned or anything like that. Probably VF-20 value as a net grade. Nice... enjoy!
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fenton's Avatar
United States
4989 Posts
 Posted 11/02/2010  08:42 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
Those contact marks don't look too bad I've seen worse on MS-60 graded Morgans I would think AU-50 for this coin
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canadanz's Avatar
United States
273 Posts
 Posted 11/02/2010  10:14 am  Show Profile   Bookmark this reply Add canadanz to your friends list Get a Link to this Reply
I would say XF-40, graded PCGS.
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mattbrowning7's Avatar
United States
321 Posts
 Posted 11/02/2010  12:31 pm  Show Profile   Bookmark this reply Add mattbrowning7 to your friends list Get a Link to this Reply
45 damaged.

those gouges don't look natural

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United States
76 Posts
 Posted 11/02/2010  1:32 pm  Show Profile   Bookmark this reply Add funcitypapa to your friends list Get a Link to this Reply
I would call this VF35 details/damaged
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upstate's Avatar
United States
3283 Posts
 Posted 11/02/2010  3:55 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
EF45 scratched
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vermontensium's Avatar
United States
16679 Posts
 Posted 11/02/2010  4:03 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
If I graded this coin, I' d say AU53.
I still believe a Genuine holder.
swcoin.ecrater.com
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Adam590's Avatar
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753 Posts
 Posted 11/02/2010  10:14 pm  Show Profile   Bookmark this reply Add Adam590 to your friends list Get a Link to this Reply
Here it is! A PCGS problem free VF(30). I actually would have called it EF(40) with scratches myself--does this mean that PCGS decided these marks are planchet flaws? Was it net graded (even though PCGS claims that they do not net grade)? Maybe some of you can help me shed some light on how to distinguish planchet flaws from surface damage...

And how would I value this? At a "typical" VF(30)? This coin's detail is what drew me in--and I have a hard time thinking of it as "typical" for its grade. What are your opinions?

1799-Draped-Bust-Dollar
Edited by Adam590
11/02/2010 10:16 pm
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BH1964's Avatar
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10982 Posts
 Posted 11/02/2010  10:20 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Wow! That one was "silently" net graded down about 20 points! I don't believe PCGS thought those were planchet flaws. If they are, the grade should be much higher. Bust coinage gets some breaks and this is a good example of that. Although lightly struck in a couple areas, this piece did not circulate much at all. If you got it for VF money, you did well.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/02/2010  10:21 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
O, what a wonderful coin.

I say that PCGS thought the marks to be incidental to normal circulation, and conservatively downgraded the coin due to the prominent areas in which these marks were located. The remaining details certainly exceed the numerical grade. It is, to me, heartening, signaling a return to grading the coin and not the market.

I assure you, the slab/grade will not detract from the resale value of the coin, because its' virtues are obvious to anyone who understands the issue. This one, if offered, will sell at the very top of the VF30 market.
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canadanz's Avatar
United States
273 Posts
 Posted 11/02/2010  10:28 pm  Show Profile   Bookmark this reply Add canadanz to your friends list Get a Link to this Reply

Quote:
And how would I value this?


What type of a value are you trying to assign? Resale? Insurance? Just for yourself? I'm sure if you went to sell it you would probably get a premium over a regular VF30, because the details are definitely stronger than VF.
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