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Replies: 22 / Views: 2,568 |
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Moderator
 United States
16679 Posts |
I am a big fan of key date coins and of all of them, this has always been my personal favorite http://cgi.ebay.com/1877-Indian-Hea...em1c1d4f6240Here is my question. The seller states this coin has been cleaned. Without having the coin in hand, I would have to say, I am unsure of this. If anything, I'd say questionable color before cleaned. (again, just speculation based on the photos) Looks to be some underlying luster in the protected areas. What do you think? On another note, this coin has the diagnostics of a genuine coin but, if I am going to spend thousands on a specimen such as this, you bet I am going to buy it certified. I appreciate the fact that he has a 7-day return policy but I still would not take a chance with this coin, given the Chinese fakes I have seen out there which BTW, are getting crazy even fooling some long time dealers! Love to hear your thoughts  swcoin.ecrater.com
Edited by vermontensium 07/26/2011 6:02 pm
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Pillar of the Community
United States
3345 Posts |
Looks real to me. I compared it to the 1865 in the RedBook.
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Moderator
  United States
16679 Posts |
You mean the 1877? The 77 has weak N's as part of the diagnostics.
swcoin.ecrater.com
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Pillar of the Community
United States
1081 Posts |
It does appear to be cleaned. Many IHCs have altered color to cover up a cleaning. The color on this doesn't look right, it should be a nice chocolate brown, or show signs of mint red, which it doesn't. It has a little orange color to it too. The obverse appears correct. Notice the last "7" is a little lower than the other digits. However, if somebody was going to fake such a coin, they probably would have used a real 1877 obverse to make the die. The reverse appears to be a later die stage due to the many clashes. There is a clash above the "O" in "ONE" which should appear on all 1877 IHCs. There are additional clashes to the left of the right wreath, those are suspicious to me because according to Richard Snow, those marks do not appear on any 1877 IHC, although additional clashes are present in later die states. There is the one that looks like a triangle about half way up and another a little further up across from the "E." Rick Snow has an example that was graded by ANACS which he determined to be fake and has very similar clashes on it, except it did not have a clash above the "O." This alone would make me not bid on this. I can't say for certain it's fake as the clashes don't 100% match the example I've looked at, but they are very similar.
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Bedrock of the Community
Canada
10743 Posts |
Hi, Dave, I'm not sure about this one.  I don't see the 'weak' n's, and the second 7 looks 'fat'..lol Just not sure for a price like that, it is good he has a return policy. 
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Pillar of the Community
United States
3345 Posts |
No I just gave it an overall look compared to another Indian of the same reverse stage (1865-1909)probably not helpful though I dont see an 1877 in the RedBook to compare it with.
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Pillar of the Community
United States
1151 Posts |
It does look good to me but if you do take a chance, he does have a good return policy.
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Pillar of the Community
United States
4541 Posts |
i am not sure Dave. The N is usually weak
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Moderator
  United States
16679 Posts |
David, I also noticed the last 7. I am pretty sure it's the real deal but, like you, the color looks off. Spencer, the N's become more pronounced on lower grade coins. You can see it on this coin.
swcoin.ecrater.com
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Pillar of the Community
United States
2602 Posts |
Well the N on the reverse in ONE is weak, which is what I often use as a telltale sign of authenticity. The seller is top-rated seller with 100% positive feedback, so I'd trust the seller. I would simply and politely ask him a question about whether he'd extend the return policy for allowing it to be certified and if it comes back fake or uncertified if he'd take the coin back. Why a piece that nice is not already certified is really surprising to me and does raise some doubts. This is a $3000+ coin if authentic so it is absurd to not have it certified.
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Pillar of the Community
United States
1817 Posts |
Already overpriced @ $3K, a TPG would assign it as "questionable color." Most of the raw "red" IHCs on e-Bay are recolored or dipped, and no one really should pay more than a MS60 BN for one. For the price I'd wait for a certified coin in 63 BN or RB.
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Bedrock of the Community
United States
10045 Posts |
I cracked open Snow's book to 1877, and the full shot of the die pair #1 reverse shows the clashes around the right wreath. The reverse appears to be Rev A, die state B. The obverse should be #4, although I can't spot all the markers. Regarding color,  with David Zerbato--to my eyes somebody tried to make an RB coin out of this, but the splotchy red colors, lack of visible cartwheel, suggest it's dipped and perhaps re-toned over time. Certified is the only way to go on this key. 
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Pillar of the Community
United States
716 Posts |
I don't think I would ever buy a raw, ungraded key date coin online even if you are 100% it is not fake. You still have to estimate a grade based on a photograph. Granted this photo is better than many I've seen on ebay, but even the best photos can be deceiving and cannot compare to having the coin in hand. Just a slight mis grade can cost you thousands. For that price I would be patient and wait for the right certified coin to come along.
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Valued Member
United States
450 Posts |
For one this high of a grade , it would have to be slabbed , but that could just be me.
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Moderator
  United States
16679 Posts |
Quote: This is a $3000+ coin if authentic so it is absurd to not have it certified.
Exactly! I know there are some on the CCF that hate slabbed coins. For the keys, it's a must IMHO. I don't own any keys that are not certified. Quote: I cracked open Snow's book to 1877 One book I don't have but want 
swcoin.ecrater.com
Edited by vermontensium 07/26/2011 7:34 pm
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Pillar of the Community
United States
3283 Posts |
Well it has the weak "n" and the big "7" the two diagnostics I'm aware of. This date is of great interest to me, I actually almost bought a nice G4 example last week; it went for a mere $10 more than my max bid ( ebay). But even that one was slabbed. I wouldn't take the chance of buying this coin uncertified from ebay. Not a fan of the color on this particular coin but quite frankly I don't bother looking at high grade examples because they are out of my price range. If it were, again I would require a slabbed example (then take it out). Yes I'm one of those whom dislikes slabbed coins but see's the necessity in these cases
Edited by upstate 07/26/2011 7:49 pm
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Replies: 22 / Views: 2,568 |