Grade Opinions - 1900 Liberty $10
pmh1nic
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I’m posting a couple of pictures to capture the coin with light striking from different angles. There are a couple of light scratches on the holder (one most prominent at about 2:00 on the obverse). Let me know what you think as far as grade.
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@pmh1nic IMO AU-58 to MS-61 However, may receive a details grade due to possible Rim Filing and/or damage on reverse from 8:00-1:00. 🤔
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
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I’m thinking 62 is what’s on the holder.
64
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Is there a scratch or die break or something else down the back of Liberty’s neck?
Assuming it’s something benign, I’ll go with 63.
62, maybe 63
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64
Typical generic gold
I don't think any of the chatter is particularly bad, and I think it's accentuated by the harsh light. With strong lustre, I wouldn't be surprised to see it in a 63 holder, though if that's wrong, I'd think a 62 more likely than 64.
A better picture of that section . It did receive a straight grade.
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It’s actually a scratch in the plastic.
Yes, generic gold but it’s my generic gold
I grade it 62. Not a coin I'd buy, but glad you're happy with it.
62
63+
@pmh1nic Are you talking about the horizontal scratch on the plastic? Because I believe the vertical line to be a die line. Its awfully strange looking for a scratch in the plastic. If not a defect as a scratch on the coin, I would grade the coin 63.
Jim
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63? Lighting often exaggerates marks and downplays luster.
Ms 62 ?
62+/63-
62
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Photographs can be so deceiving. That vertical line is a very fine scratch on the plastic. Actually even with slab in hand you don’t see it until you look at a certain angle.
I am in the 62 camp. I have several similar and enjoy generic gold.
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61 but labeled 62 by ngc
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63
63 unless there are issues such as hairlines that are not showing up in the pics.
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For those that said 63 that was how I was leaning when I purchased the coin in the NGC 62 holder. I paid 62 money but there really isn’t much difference in the price between a 62 and 63.
The chatter in the fields is very light and in my opinion not really distracting. In fact there is no one mark that really draws a lot of attention to it which is something you might expect with a 62 coin and definitely would expect to see with a 60 or 61. It has good luster and in hand a nice “generic” gold coin.
I'm in the 63 camp.
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Never a slave to one plastic brand will I ever be.
62
If only. From 62 to 64 the price doubles. I've never been that lucky.
In my opinion the coin could have gone 62 or 63. In this case not much difference in price. But for some dates/mint marks that one point difference means thousands of dollars. For the 1880-O the difference in price between the grades is $40,000!
MS-63, in the middle of the grade, no +.
If there isn’t much price difference b/t MS-62 & MS-63, my preference would be to purchase an MS-63 that was solid for the grade, with MS-64 Eye Appeal 😉
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
we are grading the images and not the coin... just put me in the unimpressed crowd.
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I think that buying gold Liberty $10's in this grade is a great way to own some gold at a cost that's not too much over bullion value. I see inflation in our future so owning some gold is a smart thing to do.
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've seen more than one comment here, which seemed to equate "generic gold coin" with a relatively low mint state grade. To me, generally, a "generic gold coin" is a common date example for the type, which can be any grade through (at least as high as) MS66.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
From those images I'd grade it a 63 or 64 can't see it being anything other than one of those personally.
Might be my favorite us series, love the $10 libs.
MS62 would be my assessment....That mark on the back of the neck... that you say is not there but on the slab, sure looks strange. Cheers, RickO
That is not close to a 63 with all that rim scuffing.
This.
And if you can find one with a sticker without a premium even better.
When I say “typical generic gold” was my comment I am referring to a coin that’s value is based on its gold content. An MS66 may be generic gold for the most part it not typical and has a premium over its gold value.
To me, a coin whose value is based on its gold content is a bullion gold coin. not a generic gold coin.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
A coin can be both a generic coin and a bullion coin. One doesn't preclude the other.
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
The statement “value is based on its gold content” is somewhat relative. The typical premium for an 1/2 Gold American Eagle might be 15%. The PCGS price on a 1900 $10 MS-62 is $1200-$1250. Consider the coin has about 0.48 oz of gold that price would be about $870 worth of gold so the $1200 would represent a 40% premium over spot. That’s about 2.5x the premium for generic bullion. I would never pay a 40% premium for bullion. Of course this pales in comparison to the “premium” over spot for many numismatic coins.
At particular lower lower level grades, I agree. But at a given grade point, the premium over the price of gold becomes significant enough so that it's no longer a bullion gold coin.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
When I crack it out I’ll take some more pictures.
What’s your grade in the image?
I forgot about the current crazy premiums.
I guess I was optimistic in my grade...
I love the series...
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Why crack it out? A coin like this is easier to sell in a top tier slab.
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 have no plans to sell it and according to Peter Schiff gold will be at $15,000 by the end of the year
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@PerryHall asked you the same question I was going to ask — why you’re planning to crack it out of its current NGC graded slab?
@pmh1nic You didn’t answer his question…? 🤔
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"