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What would you grade this Indian?

CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭
edited November 9, 2020 9:32PM in U.S. Coin Forum

I think I just caught the gold bug thanks to @pursuitofliberty SLQ thread. I fell in love with those pics but quickly fell out after looking at the prices. I could blame @jwitten as well with his beautiful gold but gold seems to be a safer bet for me right now.
Thanks for any input.

Comments

  • jwittenjwitten Posts: 5,235 ✭✭✭✭✭

    The few dings on the front in front of the neck and the ding on the reverse rim may bring it down to details grade. May have some wiping lines on the front as well. Looks like a nice low MS if not for those.

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    I'd give it a 62.

  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭
    edited November 9, 2020 8:54PM

    Okay well I have some homework to do with a new series. It’s my first purchase so I don’t mind if i’m upside down a bit.
    I won it at 360.00 and the price guide is 400.00 at the lowest grade. Question now is will it grade.

  • BaleyBaley Posts: 22,663 ✭✭✭✭✭

    At home, probably at my desk.

    Liberty: Parent of Science & Industry

  • pursuitoflibertypursuitofliberty Posts: 7,308 ✭✭✭✭✭

    Well, I have to chime in as well! :)

    I really have a hard time grading these unless I have them in hand, but my first impression was very similar to @jwitten and @koynekwest

    It's either a 58/62 if it grades straight, or it get's a details due to the hairlines that appear to be in front of the face and above the brow, and another issue. Something is going on between stars 8 and 9 (reverse between U and N).

    Also, for what it's worth I would say also that the coin has probably been dipped (a little too bright), and you may want to look for a little more skin next time.


    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    @Baley said:
    At home, probably at my desk.

    What not where 😅 or is that what you mean.

  • BaleyBaley Posts: 22,663 ✭✭✭✭✭

    Just playing with the unnecessary preposition "at" the end of your title question 😁
    Pretty coin, looks 61 to me.

    Liberty: Parent of Science & Industry

  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    @pursuitofliberty Yes, the skin was the first thing I realized after looking at photograde pics. Already owned it at that point though. Hopefully not cleaned but again it’s a first.

  • rec78rec78 Posts: 5,868 ✭✭✭✭✭

    Gold always seems to grade higher then the grade I would give it, so I will say MS63, but I really don't like that nick on the reverse between the U and the N.

    image
  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    @Baley said:
    Just playing with the unnecessary preposition "at" the end of your title question 😁
    Pretty coin, looks 61 to me.

    Lol, yea i’ll just go ahead and fix that now. Coins and more 😆 here, much more.

  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    I would think the seller and the other bidders were savvy enough to know it would details and stopped where they did. I will have it graded though what’s another 40. So if it details out I basically have melt on value?

  • jwittenjwitten Posts: 5,235 ✭✭✭✭✭

    @CoinscratchFever said:
    I would think the seller and the other bidders were savvy enough to know it would details and stopped where they did. I will have it graded though what’s another 40. So if it details out I basically have melt on value?

    No, these are almost always worth a decent amount above melt unless there are major issues. If it details, bust it out and keep it raw. Still a nice looking coin!

  • clarkbar04clarkbar04 Posts: 4,979 ✭✭✭✭✭

    I think the lines are from the roller mill. I have a few like that.
    I’d say 63.

    MS66 taste on an MS63 budget.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    That rim ding may 'details' this coin.... If not, I would say MS62.... Cheers, RickO

  • SmudgeSmudge Posts: 9,822 ✭✭✭✭✭

    62-63.

  • GoldenageGoldenage Posts: 3,277 ✭✭✭✭✭

    Beautiful coin. 63

  • PerryHallPerryHall Posts: 46,847 ✭✭✭✭✭

    Looks like a decent MS62. I don't see any problems serious enough to keep it from straight grading. Let us know how they grade it.

    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

  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    Will do :)

  • davewesendavewesen Posts: 6,665 ✭✭✭✭✭

    the horizontal lines in front of the nose and chin make me think UNC details, cleaned

  • Cougar1978Cougar1978 Posts: 8,781 ✭✭✭✭✭
    edited November 10, 2020 9:48AM

    Possibly details, cleaned. Otherwise MS61. Some contact marks / scratches on left obv field.

    There can be lots risk / downside buying these raw. These sellers are not rookies.

    Investor
  • ashelandasheland Posts: 23,755 ✭✭✭✭✭

    62 here. Nice coin. :)

  • CalifornianKingCalifornianKing Posts: 1,259 ✭✭✭✭

    Could be possible detailed grade. Otherwise AU58/60/61

  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    I'll shoot for a PCGS graded example next but no guarantees.

    If I never do this again it will be too soon, coinstar...

  • logger7logger7 Posts: 9,049 ✭✭✭✭✭

    Average Unc. imo. Nice coins those incuse gold pieces.

  • davewesendavewesen Posts: 6,665 ✭✭✭✭✭

    what does coinstar take - 12%?

  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    Yup 11.9
    Which I gladly did versus rolling back up, time is of the essence. Which I'll have even more of now because, all of that is in the rearview mirror.

  • djmdjm Posts: 1,565 ✭✭✭✭✭

    @CoinscratchFever said:
    Yup 11.9
    Which I gladly did versus rolling back up, time is of the essence. Which I'll have even more of now because, all of that is in the rearview mirror.

    You can get gift cards from Coinstar without having to pay any fee.

  • Beautiful coin! I'm not knowledgeable enough to throw an opinion on grade though. I can't help but notice that's a lot of pennies in the coinstar!!! Hope they were all zinc's 😉

    The Hobby of Kings... and All of Us!

  • HydrantHydrant Posts: 7,773 ✭✭✭✭✭

    Very nice.

  • PerryHallPerryHall Posts: 46,847 ✭✭✭✭✭

    @davewesen said:
    what does coinstar take - 12%?

    9% which is still too much.

    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

  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    @djm said:

    @CoinscratchFever said:
    Yup 11.9
    Which I gladly did versus rolling back up, time is of the essence. Which I'll have even more of now because, all of that is in the rearview mirror.

    You can get gift cards from Coinstar without having to pay any fee.

    Not that it matters anymore to me but, how do you do that?
    You push start, put coins in and it immediately adjusts its cut from your total.

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    edited November 11, 2020 8:31AM

    @PerryHall said:

    @davewesen said:
    what does coinstar take - 12%?

    9% which is still too much.

    How much is your time worth?

    Imagine putting those 34+K pennies into 693 rolls!

  • PerryHallPerryHall Posts: 46,847 ✭✭✭✭✭

    @Zoins said:

    @PerryHall said:

    @davewesen said:
    what does coinstar take - 12%?

    9% which is still too much.

    How much is your time worth?

    Imagine putting those 34+K pennies into 693 rolls!

    Considering that I'm retired and how much time I spend here my time apparently isn't worth that much. LOL. I always spend my change as fast as I get it so I would never get in the situation that you described. Many banks and credit unions will take bulk coins if you have an account there. Also, some stores have Coin star machines that have the option of receiving a paper voucher for the full amount if the voucher is used to buy merchandise at that store. I'm guessing that Coin Star gets some rebate from the store.

    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

  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    That doesn’t even take into account driving around from bank to bank and then spending hours at home mulling over all of the pennies.
    Now, I spend more time at my business making sales (translation a lot more money) and spending more quality time with my family. Then you can sprinkle in buying coins that are actually Tangible it’s a win win win situation.
    I would like to think a high percentage of collectors went through the same steps I just graduated from.

  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    Don’t get me wrong I thoroughly enjoyed it, it’s very relaxing, and I might even find myself doing it again in the very near future. Just not now.

  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    At some point you have to assess the situation and ask yourself. Self, what are we doing here. You've spent countless hours and dollars going through umpteen billion pennies and you have one MS 68 that is priced at $80 and would be lucky to sell it for 50.
    Hmmm.

  • CoinscratchCoinscratch Posts: 9,856 ✭✭✭✭✭

    That used to be my buddy’s ring tone for when his wife called. She eventually did,lol.

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