New purchase / Guess the Grade: 1926 $10 Gold Eagle GRADE POSTED
jwitten
Posts: 5,222 ✭✭✭✭✭
I mainly collect $2 1/2 Indians and gold toners, but have been trying to branch out a bit. This just came in today. In an old soap bar style ngc holder. Any guesses or comments?
6
Comments
MS61
Awesome coin!
My YouTube Channel
My grade would be AU-58, but I imagine that it is graded MS-61.
The 1926 and 1932 $10 gold pieces tend to be liberally graded. They are common dates, but finding nice ones that are properly graded is a challenge.
Probably an MS62. Hard to tell from those pics.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I'm with MS62 I like that Indian design cool coin.
Hoard the keys.
I'm guessing MS61. I love the design of this gold piece. I hope to have one in the near future.
Donato
Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set
Successful transactions: Shrub68 (Jim), MWallace (Mike)
60 in the fat holder.
58
If the luster is all there, which I can't tell for certain from the photos, then I would say it is a 63. If not, then a nice 58.
the heavy contact mark on the cheek and on the wing and through the p on the reverse bring it down to MS-61, you can pick up a ms-63 for a modest premium, my favorite grade in this series
I’m thinking 62 . I can tell you this. I have never seen a Saint gold eagle I didn’t like. One of my favorite designs.
Beautiful coin.
61 to me.
AU 58, love the 10 series.
+1
Pretty sure I saw that coin and know the grade on the holder, so I won’t comment on the grade, but I will say it looks really nice...congrats.
I say 62, though it could be anywhere between 58 and 62. Honest coin! I always have trouble with these though since the only ones I like are either evenly worn 58s which are hard to find, or gems, which are expensive.
Tom
AU with more marks than usually found on this grade.
61 if I had to guess what they graded it, AU and choppy if I had to call it
Latin American Collection
I'm in the 61 camp.
MS61. Appears nice and original w/good luster. Just too many large hits.
63 fields but the marks on Indian/Eagle knock it down to 62
@coinlieutenant any thoughts? I know you collect these.
Nice MS60, congrats
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
The photo doesn't give me a good feel for the obverse luster on the lower left. As a result I have no idea what the coin might have graded. Could be anything from a 58 to a 63. I'd guess 62.
61
Hmmm...I'll say 62. I sure don't see any wear. And 26's are probably higher in population in MS than circ grades by a long mile. Is the color really that orange?
I've been searching for a toned original coin grade XF or lower for my fun little set for a long time. Will probably settle for a low AU coin.
V.r
John
siliconvalleycoins.com
I wouldn't second guess them & for myself go 58. The cheek area has just to much action/friction to be called bag marks.
Well, just Love coins, period.
It graded AU53, but has a gold cac, so in a way, you are all right! lol
Is that a gold CAC sticker? If so, CAC must have felt it was deserving of at least an AU-55.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Wow they were tough back then....I wonder if they netted it due to the marks?
The rub and luster are way above AU53.
Tough grade, CAC thought so too. May be worth another try.
I paid a little bit more for this one than a ms62 graded one, lol. I like the combination of old holder and gold cac. Silly, yes, but I like it.
RE: "Wow they were tough back then...."
No. They were accurate back then.
Compare to a similar coin in a current slab, and it is obvious that considerable distortion has occurred. This only reinforces the notion that there are no consistent standards.
NGC was more conservative back then. I have a a number of NGC coins that should cross with flying colors today. They were properly graded back then, and should qualify for at least the grade on the holder now.
I could see where this piece would only get an AU-53. The rub on the face is fairly obvious. The reverse is really an MS-62, but the obverse sets the tone for the grade.
The thing is, as I said earlier, the grading on the 1926 and 1932 eagles can be lax. It might be due to bulk grading because these coins are quite common.
Years ago I was looking for a 1932 eagle because that is the only U.S. gold coin that is dated in the 1930s that is affordable. A very large dealer had entire case full of certified 1926 and 1932 eagles. There were at least 70 of the 1932 coins. I went them all, and none them qualified for the grades which ranged from MS-61 to 63. A lot of them that were called Unc. looked like this piece.
I am pretty sure that JA gold stickers AU coins at "two up". IOW, if the coin is in an AU50 holder, he would gold it if he feels the coin would easily green as an AU55. For this coin, it was at least an AU58 green. Coin still looks UNC to me.....but I think it is way cooler in the AU soap bar with a gold sticker. 62 money is what, $100 more than 58 money? No brainer.
. Well done @jwitten
siliconvalleycoins.com
There were outliers in the grading services even then. Yes, they were more conservative then as a whole, but even then, this would have fallen on the left end of the spectrum for the day. Look at the video he posted. That coin is UNC. MAYBE some high point friction that is associated with bag storage or stacking.....or maybe the picture just shows bag marks that people are confusing with wear. Just my two cents.
siliconvalleycoins.com
@BillJones I guess I am interpreting the "rub" you and others are seeing as a scrape from the picture. Did you watch the video? I could be wrong. Hard to interpret from the pic. Guess I need to see in hand...
siliconvalleycoins.com
Goes to show Both old looking coins & slabs usually fair better then more recent slabbed coins.
Best place to buy !
Bronze Associate member
Whether you want to call it a scrape or a rub, it makes no difference. The mint frost on the face has been disturbed in such a way that the mint luster there has been destroyed. As such the piece cannot qualify as a Mint State coin.
A scratch effects the narrow area in which it occurred There is a break in that minor area, but aside from that, the mint luster is still intact. If you get enough scratches, you can end up with something less than a Mint State coin, but that gets into some subtleties that are hard to describe and sometimes something about which experts disagree.
This coin may have had some sort of an unfortunate encounter with a counting machine, or it may have been slid across a counter. It may even have been rubbed by an album slide a few times. Whatever the cause the mint luster is broken.
There are always outliers, even with very precise standards. The modern defalcation of accurate grading is not an outlier. It is more like a path of plain "lies" that distort, confuse and mislead collectors. Of course, collectors are ultimately to blame -- as a group they have permitted this abuse of honesty and "bought in" to institutionalized falsehood.
There are, and will be, many apologists for this behavior; but astute collectors will value the PO's nice coin in the same relative position now, as it held 25 years ago - even with a new over-rated label and false "grade." However, ordinary collectors will likely get burned when they attempt to cash out; their "MS-62" acquisitions will produce offers identical to the "AU" reality of the coin.
[PS: I realistically doubt anyone posting here will agree -- but that's OK. Maybe one or two will think about the problem and not merely line up with the other ducklings trying to cross the PA turnpike.]
Sweet pick up!
My YouTube Channel
Well...late to the game - again - but I would have said AU58 ... too many marks to be MS...Cheers, RickO
I'm just curious; as an AU53 cac gold does that mean it is an AU58 by today's standards? Also what are their upgrade messages implicit in their gold stickering generally?
This $20 gold piece went gold sticker:
I saw it as a probably AU55.
@logger7 I really like that $20!
My YouTube Channel
So...What would any of you rather have. An under graded coin in TPGS holder with a gold bean or a correctly graded coin in a TPGS holder with a green bean? Is the rarity of a gold bean a major factor in your choice?
The gold bean is a major attraction for some people.
As for gold bean under grade factor, your guess is as good as mine. It probably means that it is at least an AU-55 in CAC's opinion if not higher.
@Insider2 It depends on the coin. If the next grade is only a few dollars higher and it's an old holder, then I'd take the gold bean. Most other circumstances, I'd just take the accurately graded coin.
My YouTube Channel
The price difference between this coin and a similar MS62 I sold recently was about $20. There are a ton of MS62's I could get any day of the week, but I don't see many nice old holdered coins with gold stickers. This is a coin I would rather have in my collection long term. The difference in the coins or price is not that big, so I would rather have the unique factor of the holder/sticker for $20 more.
I would not assume nor accept any "analysis" of what just about anything about slabs, coins or stickers actually translate into that is "fact."
NO ONE KNOWS WHAT EVIL LURKS IN THE HEARTS OF GRADERS, DEALERS, COLLECTORS, SELLERS AND BUYERS OF ANYTHING
I often wonder if there's a morning meeting at CAC to read and laugh at all the suppositions posed here and elsewhere.
No, the meeting takes place after lunch.