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Am I An Idiot For Buying This Coin? Flying Eagle 1857

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Pillar of the Community
BuffalosRock's Avatar
United States
500 Posts
 Posted 09/15/2011  4:47 pm  Show Profile   Bookmark this reply Add BuffalosRock to your friends list Get a Link to this Reply
EXO, you are correct that when one asks a rhetorical t-I-C question it is rather "mean-spirited" to then trash them!

As a prologue, I notice the seller re-auctioned it and again got hundreds for it.

Thanks to those who gave real help here!
Bedrock of the Community
biokemist6's Avatar
United States
12437 Posts
 Posted 09/15/2011  5:08 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

Quote:
I will say that those claiming to see wear that would make it an AU are off, IMO. I've seem certified 63's and 64's online that were a lot weaker and appear a lot more like true wear than this one does.

You may not want to call it an AU coin but it is certainly not Mint State by any stretch of the imagination. An MS63 with a weak strike will still have full luster, including the areas of strike weakness. Loss of detail is not what strictly defines wear, it is the loss of luster that defines wear. That is why so many collectors have such a hard time seeing the difference between an AU58 and an MS64, the only real difference between the two(other than value) is breaks in the luster on the high points.

Take a weakly struck MS coin and then clean it to the point of removing significant amounts of luster. Suddenly, that uncirculated coin is now an EF without having ever circulated. Once the luster is gone, strike weakness and wear are essentially the same thing. The lack of luster on this 1857 FE combined with a little weakness= AU details coin all day long.
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