1863 Civil War token

logger7

How would you grade this Civil War token? Does PCGS grade these or is NGC better with these or are the other two just as good?

It appears to be an R7 according to a book on these. MI-530-B1a

291fifth

Does it really need to be slabbed? I doubt the serious collectors of those care much about TPG grading or slabs. They tend to be serious, advanced collectors who know what they are doing.

logger7

Partly to protect it partly to get the grade; this one graded MS62:
https://coins.ha.com/itm/civil-war-merchants/1863-cobb-and-fisher-kalamazoo-mi-f-530b-1a-r7-ms62-brown-ngc-purchased-from-he-wilson-9-24-1941-for-11-cents/a/1169-12877.s?ic4=ListView-ShortDescription-071515

may

Hmm, if I were to take a guess, it would be AU. I don’t know much about tokens, though. More photos would help.

coinsarefun

I dont stay all that current on the CT prices as I don't really collect any longer. But I would say it's at least MS62 prolly 63/64 at NGC. Pics are really hard to get a feel for it so I played around with the images and think it might be a candidate to send over to NGC.

Good luck and keep us posted.

>

logger7

60 business days later plus, finally got done:

Mr_Spud

Nice grade! I’ve been noticing that a lot of CWT are hard to grade because they weren’t struck quite as well as ones made by the mint and it’s sometimes hard to tell if they are AU or MS

logger7

@291fifth said:
Does it really need to be slabbed? I doubt the serious collectors of those care much about TPG grading or slabs. They tend to be serious, advanced collectors who know what they are doing.

There are many of these out there, not sure many are certified. This one ends up being top pop, only one at this grade now or higher.

DCW

@logger7 said:

@291fifth said:
Does it really need to be slabbed? I doubt the serious collectors of those care much about TPG grading or slabs. They tend to be serious, advanced collectors who know what they are doing.

There are many of these out there, not sure many are certified. This one ends up being top pop, only one at this grade now or higher.

While it is true that people used to not care about slabs when purchasing CWTs, I believe that has changed. With the value of these things trending north over the years, so has the collector base grown to accept the slabs. The problem is that there really is no standard to grading the many thousands of tokens that exist. So you simply have to take the grade with a grain of salt, and judge more on eye appeal, strike, and of course compare it to what else is out there for the type.

cheezhed

Nice result on your submission.

logger7

@DCW said:

@logger7 said:

@291fifth said:
Does it really need to be slabbed? I doubt the serious collectors of those care much about TPG grading or slabs. They tend to be serious, advanced collectors who know what they are doing.

There are many of these out there, not sure many are certified. This one ends up being top pop, only one at this grade now or higher.

While it is true that people used to not care about slabs when purchasing CWTs, I believe that has changed. With the value of these things trending north over the years, so has the collector base grown to accept the slabs. The problem is that there really is no standard to grading the many thousands of tokens that exist. So you simply have to take the grade with a grain of salt, and judge more on eye appeal, strike, and of course compare it to what else is out there for the type.

The registry phenomenon is pervasive, it's not just eye appeal but a numbers game, such as this similar one that sold 10 years ago: https://coins.ha.com/itm/civil-war-merchants/1863-cobb-and-fisher-kalamazoo-mi-f-530b-3a-r9-ms65-red-and-brown-ngcpurchased-from-j-canfield-2-13-1971-for-15/a/1169-12878.s

DCW

@logger7
That one may be similar, but it is also alot rarer. R9, 2-4 known.

I am also not aware of any registries for CWTs, so does the registry phenomenon really apply?