1858 Small Letters Flying Eagle Proof?
redraider
Posts: 53 ✭✭✭
I was able to purchase this coin at auction earlier this year. It is graded MS65+ by NGC (CAC) . When I looked through the attribution guide, the coin pictured showed every diagnostic of the PR-1 Small Letters, though it was graded MS65+. The surfaces are proof-like and it is a gorgeous coin no matter PF or MS. I had a chance to show the coin to Rick Snow in Baltimore a few weeks back and he thinks it is a proof as well. Im torn on how to get this attributed correctly. This is a tough date/variety in any grade above MS64 and the premium for it being Proof vs MS is about $20K!
I have seen some people have great luck with submitting mis-attributed coins and want to know if cracking it out would be the best option for re-submission or if sending it in as a "cross-over" to any proof grade would be better. Im not sure if PCGS allows a crossover from MS to PF.
What do you think? The pictures don't show the mirrors, but they are there. Also, there are no known MS coins struck with these dies to my knowledge.
For comparison, here is an 1858 SL High leaves reverse that is graded PF64+ by PCGS (CAC). These coins were struck with the same dies.
Comments
Nice coin:
1) Look at the detail on the eagle's tail on the Proof coin, now look at yours.
2) Now, on the reverse: Look at the detail on the leaves & corn.
As you can see, the proof detail has much more detail.
And, if you decide to re-submit it to PCGS, send it in the holder.
If they say it isn't a proof, you won't lose the 64 grade.
BHNC #203
I would submit for crossover at grade or better, and stipulate PROOF evaluation... I also recommend calling customer service ahead of time to make sure of submission details. Actually, if you could take it to a show where they were accepting submissions, would be best... and if really a proof, well worth the time/cost. Not sure where you are, but the FUN show would be a good one. Cheers, RickO
I don't think you can use crossover service and simultaneously request a different designation for a cross.
I also don't think the coin looks like a Proof.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@MFeld ... I think you are correct about the service, I have not heard of it being done. Also, I am certainly not expert enough to declare it is or is not a proof. Cheers, RickO
Sounds like you had the world's expert on your side - ask him to submit it.
The small spot above the tail - are the die lines intact there or disturbed??