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What's The Grade And What's It Worth

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JeffMo's Avatar
United States
69 Posts
 Posted 11/16/2006  2:49 pm Show Profile   Bookmark this topic Add JeffMo to your friends list Get a Link to this Message Number of Subscribers
I've entertained the idea of getting a really expensive coin when I take the plunge into coin collecting. I am curious as to what people would grade these two coins at and what forum members think they are worth. They are both from the same online dealer.

(Coin A front) What's-The-Grade-And-What's-It-Worth (Coin A rear) What's-The-Grade-And-What's-It-Worth



(Coin B front) What's-The-Grade-And-What's-It-Worth (Coin B rear) What's-The-Grade-And-What's-It-Worth
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/16/2006  3:34 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
It is absolute foolhardiness to attempt to purchase an unslabbed St. Gaudens unless you're completely comfortable grading the series by eye, and can hold the coin in your hand before you decide to purchase. I wouldn't endorse your idea of buying either of these by attempting a grade, which is impossible from pics this size, given the nature of gold grading anyways. These could be AU50 or MS66, depending on factors which simply don't show up in the photographs.

I hope you do not take offense at my words, because I mean none, but what you're proposing is monetary suicide for a beginning collector. You have no way of determining grade/value yourself, and it's not possible to post something here which will enable even the experts among us to advise you.

If you wish to acquire an expensive coin, buy it in a slab from a respected TPG - PCGS, NGC or ANACS, and nobody else. Even at that, you should know what the current market value of the coin is, and how to tell between "good" and "poor" examples of the grade.
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JeffMo's Avatar
United States
69 Posts
 Posted 11/16/2006  7:00 pm  Show Profile   Bookmark this reply Add JeffMo to your friends list Get a Link to this Reply
Am I correct to understand that I can send it out to one of these grading services to be graded? Would that take less than 30 days and how much would it cost?
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/16/2006  7:25 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
quote:
Originally posted by JeffMo

Am I correct to understand that I can send it out to one of these grading services to be graded? Would that take less than 30 days and how much would it cost?



Yes, you could. Both PCGS and NGC require membership in one of their "clubs" at about $100/yr to submit at all; ANACS does not require this membership but, frankly, my confidence in them is waning as they seem to have let circumstances get out of their control. Using PCGS as an example, their Express Special service guarantees a 5 business day turnaround at a cost of $50 per coin. That's $50 you're out of pocket if you choose to return the coin.

Then there's the eroded goodwill you'll have with your dealer, should he make a certain claim and be repudiated by a TPG. He'll be less likely to want to deal with you, or you with him.

Of your two, Coin B is the rarer (assuming that's not a mintmark I see over the first 1 of the date), but the less likely to reach Mint State judging from the flat area on the eagle's breast. Coin A is not worth $1000 until MS65, and I guarantee it'd be in a slab if it were MS65. Not knowing what type of money you want to spend, I'll arbitrarily select MS63 as the starting point. In that grade, Coin A can be had for $800-ish, and coin B, closer to $1500.
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snowman's Avatar
United States
1840 Posts
 Posted 11/16/2006  7:27 pm  Show Profile   Bookmark this reply Add snowman to your friends list Get a Link to this Reply
If you are thinking about starting a collection you should probably start by learning where to research coin values and grading.

Get yourself a RedBook:
http://www.amazon.com/Guide-United-...UTF8&s=books

Get yourself a book on grading:
http://www.amazon.com/Official-Guid...UTF8&s=books
or
http://www.amazon.com/Photograde-Of...UTF8&s=books

Looking for more pictures? Get a membership to Heritage:
http://coins.heritageauctions.com/
They have nearly 1,000,0000 archived auctions with pictures. A membership (which I think is free) will give you access to price trends and a population report on that specific coin coin.

Also, try checking out some reputable dealers to compare prices:
http://www.davidlawrence.com/
http://www.harlanjberk.com/

I don't know about you, but anytime I make a significant investment I make sure that I do the proper research first. I treat my collecting no different.
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 11/16/2006  7:27 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
NGC prices is 30 dollars a coin and should be back well within the 30 day period also for 1-4 coins and if you send 5 or more coins the cost is 15.00 a coin (I think) but they may not make it within the 30 day period, but they also may make it also just according to how busy they are. Now from the pictures the only thing that I can tell is the "coin B" looks like it has seen more circulation than "Coin A" but Gold is alot different from what I collect, I have seen coins I was positive were atleast MS-64 and the top TPG grade it a AU coin so I am definately no expert on Gold coins at all, I am just going by the detail on the eagle on the Reverse, the Coin A seems to have more feathers than coin B
Edited by Bryan1315
11/16/2006 7:31 pm
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houston_guy462004's Avatar
United States
235 Posts
 Posted 11/16/2006  7:53 pm  Show Profile   Bookmark this reply Add houston_guy462004 to your friends list Get a Link to this Reply
I really agree with "snowman." Learn what you are doing before you do it. All of this nonsense about whether a coin is MS-60 or MS-61 steals the pleasure out of coin collecting -- a hobby. Buy something you enjoy having at a fair price, and let it go at that. If you want to get rich, then work and earn the money the old-fashioned way.

Pillar of the Community
Australia
3831 Posts
 Posted 11/16/2006  9:04 pm  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
The pictures are too low quality to even determine any kind of grading.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/16/2006  9:21 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
quote:
Originally posted by houston_guy462004

I really agree with "snowman." Learn what you are doing before you do it. All of this nonsense about whether a coin is MS-60 or MS-61 steals the pleasure out of coin collecting -- a hobby. Buy something you enjoy having at a fair price, and let it go at that. If you want to get rich, then work and earn the money the old-fashioned way.





If you'd taken this poster's efforts in the larger context of his other posts, you'd realize that learning is precisely what he's doing. Knowing he's trying to learn, I am answering his specific questions.
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