GTG of this Newly Acquired Double Eagle Revealed

jfriedm56

I know you’re all going to say it’s really too baggy, but for a few dollars over melt, I figured what the hell. And it still is GOLD.

johnhenry9009

I'd say MS-62 and I like how it looks.

HighRelief

I would give it a 61.

HillbillyCollector

62
Nice luster and the hits don’t appear that deep.

Morgan13

Looks like an MS63 to me. I am trying to learn to grade gold so take my guess with a grain of salt.
These are my favorite gold types.
They can still be had for cheap relatively speaking.

Smudge

61.

braddick

Classic gold coins never need your apology.

Mr_Spud

My first impression is 62

dcarr

Not bad at all. MS61.

Cougar1978

Choice Unc. 63

MFeld

@Morgan13 said:
Looks like an MS63 to me. I am trying to learn to grade gold so take my guess with a grain of salt.
These are my favorite gold types.
They can still be had for cheap relatively speaking.

See the left side of Liberty’s cheek, chin and mouth. They’re heavily abraded and should easily keep the coin out of the 63 grade category. I’d grade it 61.

breakdown

61. I try to always guess before looking at others’ grades.
    Luster grazes in the face are unfortunate.

jfriedm56

Ok so perhaps my photos picked up too much detail in a negative fashion. Slab in hand looks much nicer. Hint- no one has yet to precisely grade this coin, but someone is close.

PerryHall

MS61 although I can see any of the major grading services giving it an MS62.

skier07

58 since no one else has guessed correctly so far.

Can’t go wrong buying slabbed gold at spot if you’re bullish on gold or want to diversify. If gold goes up in price you win and if it goes down in price the premiums will probably go up.

PeakRarities

@skier07 said:
58 since no one else has guessed correctly so far.

Can’t go wrong buying slabbed gold at spot if you’re bullish on gold or want to diversify. If gold goes up in price you win and if it goes down in price the premiums will probably go up.

Did you mean to say "guessed correctly"? or did you mean to say "guessed that so far"

I would bet the house that the coin is not a 58, It doesnt have any discernable flatness on the high points and theres no wear in the fields, either.

IMO, this coin lives on the 61/62 line. I'll give it a 61+.

MFeld

@jfriedm56 said:
Ok so perhaps my photos picked up too much detail in a negative fashion. Slab in hand looks much nicer. Hint- no one has yet to precisely grade this coin, but someone is close.

OK, so “the slab in hand looks much nicer”. But what about the coin?😉

With your added hint, I’ll guess the coin was graded 62+ but I’d still grade it 61.

Copperindian

Like the coin, but the cheek noise says 60.

jfriedm56

@MFeld said:

@jfriedm56 said:
Ok so perhaps my photos picked up too much detail in a negative fashion. Slab in hand looks much nicer. Hint- no one has yet to precisely grade this coin, but someone is close.

OK, so “the slab in hand looks much nicer”. But what about the coin?😉

With your added hint, I’ll guess the coin was graded 62+ but I’d still grade it 61.

Of course I meant the coin, not the slab. And as I posted it, the thought that someone would say what you did crossed my mind.

Avocet

My guess: 61 due to face chatter....

ajaan

MS62

pursuitofliberty

I grade it 62 from those images. A little scruffy, but some nice characteristics

hummingbird_coins

@PeakRarities said:
IMO, this coin lives on the 61/62 line. I'll give it a 61+.

That grade doesn't exist!
My guess is 62.

alaura22

MS-60

EastonCollection

61 - I can't see it graded higher with all those marks.

jfriedm56

Thanks everyone for your input.

MFeld

@MFeld said:

@Morgan13 said:
Looks like an MS63 to me. I am trying to learn to grade gold so take my guess with a grain of salt.
These are my favorite gold types.
They can still be had for cheap relatively speaking.

See the left side of Liberty’s cheek, chin and mouth. They’re heavily abraded and should easily keep the coin out of the 63 grade category. I’d grade it 61.

I'm not sure if you'll be able to understand what I'm saying because my foot is still partly in my mouth

The grade reveal tells us that I was obviously wrong. Still, based on how it appeared in the pictures, hopefully my comments made sense and still helped in some way.

gumby1234

Late to the party, but I never would have guess 63+. I was think more what almost everyone else here was. I was in the 61 or 62 camp.

7Jaguars

I'm still stuck on 62 as the lustre quite pleasant but appears with just too much contact on the devices, esp Ms. Liberty. If it looks substantially different in hand, maybe, but I would tend to doubt that. Here is where "subjectivity" raises its head, and will leave it at that.

HillbillyCollector

A nice pickup, close to melt, that I would rather have any day than some modern AGE.
Probably took a couple or so times to get her into a 63+.
Good buy on a nice looking coin!👍

jfriedm56

@MFeld said:

@MFeld said:

@Morgan13 said:
Looks like an MS63 to me. I am trying to learn to grade gold so take my guess with a grain of salt.
These are my favorite gold types.
They can still be had for cheap relatively speaking.

See the left side of Liberty’s cheek, chin and mouth. They’re heavily abraded and should easily keep the coin out of the 63 grade category. I’d grade it 61.

I'm not sure if you'll be able to understand what I'm saying because my foot is still partly in my mouth

The grade reveal tells us that I was obviously wrong. Still, based on how it appeared in the pictures, hopefully my comments made sense and still helped in some way.

@MFeld, absolutely did not put your foot in your mouth. I, as all of you, also think this coin is over graded especially with a + grade. The only reason our hosts may have put the lofty grade of 63+ is technically all the boxes are checked for a 63. I know my pics were less than stellar, so thank you all for participating. Zack

Copperindian

Hi Zack - congrats on a great purchase! I was way off @ 60, but I still like your pickup.
Ken

CRHer700

I'd have said 61. That's surprising.

logger7

I bought one of those years ago in a 64 holder from Mr. Winter, very nice coin and have had two 01-s $20s in that grade and "get" the reason for the grade. Probably in hand the luster, etc. justifies the grade.

jfriedm56

@Copperindian, thanks Ken. In hand it presents itself much nicer than my mediocre pics.

golden

Wow. No way should that coin be in a 63+ holder.

CharlotteDude

That’s an MS-61 at best. Someone dropped the ball in the grading room that day. Nometheless, if you acquired it for just over melt, you did very well.

alaura22

@golden said:
Wow. No way should that coin be in a 63+ holder.

I concur
I gave it a grade of MS-60,
Doesn't onyone here think that the reason the OP was able to purchase the coin at close to melt is because everyone knew it was overgraded?
Congrats on the purchase at close to melt

coinbuf

Very nice purchase for just over melt, I would have guessed in the 61 range as many did.

MFeld

@alaura22 said:

@golden said:
Wow. No way should that coin be in a 63+ holder.

I concur
I gave it a grade of MS-60,
Doesn't onyone here think that the reason the OP was able to purchase the coin at close to melt is because everyone knew it was overgraded?
Congrats on the purchase at close to melt

Not necessarily. With the price of gold at its current levels, many gold coins - even of this grade - have been trading at very modest premiums. I know of a number of NGC and PCGS MS63's that have traded very close to the spot price of gold and 63+'s tend not to sell for much more than 63's.

alaura22

Once again splitting hairs just to be argumentative
I will again chose the ignore tab

PeakRarities

@HillbillyCollector said:
A nice pickup, close to melt, that I would rather have any day than some modern AGE.
Probably took a couple or so times to get her into a 63+.
Good buy on a nice looking coin!👍

Nah, it would be foolish to grade this coin more than once.

It's a common date $20 lib. When grading a coin like this, a grader's first impression is that it's "new" (uncirculated), and that its definitely not gem. After that, they'll spend maybe 5-10 seconds looking at it and keep it moving. When a coin has little to no spread between grades, there's a better chance of it being overgraded. There's no consequences, the coin is worth the same thing in any MS grade under 65, give or take a few dollars.

MFeld

@alaura22 said:
Once again splitting hairs just to be argumentative
I will again chose the ignore tab

It’s unfortunate that you think I was splitting hairs just to be argumentative.

You asked a question and I answered it. In doing so, I tried to be helpful and informative, by noting the reality of the very low premiums that generic gold coins (including those that don’t look liberally graded) are currently bringing. Before replying, I looked up auction prices realized, private sales and prices for both MS63 and MS63+ examples.

If you wish to consider that to be splitting hairs just to be argumentative and put me on ignore, so be it.

Cougar1978

MV MS63+ DE. MV $3350 per Coin Facts.

Sales potential?

jfriedm56

@Cougar1978 said:
Really nice MS63+ DE. MV $3350 per Coin Facts. Nice luster and color. Congrats on nice pickup, super investment buy. Now may be a good time stack a few.

Really? With your other negative remarks and this why don’t you just keep it to yourself. Your contributions don’t add anything positive to the discussion!

PeakRarities

@jfriedm56 said:

@Cougar1978 said:
Really nice MS63+ DE. MV $3350 per Coin Facts. Nice luster and color. Congrats on nice pickup, super investment buy. Now may be a good time stack a few.

Really? With your other negative remarks and this why don’t you just keep it to yourself. Your contributions don’t add anything positive to the discussion!

It’s extraordinarily ironic too, because every comment he makes about a coin is always “let it rip on the bay, not pq” or “what an ugly tarnished coin”.

The one times where the coin is obviously overgraded and he likes it 🤣🤣🤣.

jfriedm56

@PeakRarities, honestly in hand the coin is technically a 63. And we’ve all seen higher graded coins that were far uglier. I don’t think he likes the coin, but don’t make me look the fool for purchasing it and then post snide remarks at my expense. At $2550 it was a solid buy.

johnny9434

it is what it is, jmo

lermish

@jfriedm56 said:
@PeakRarities, honestly in hand the coin is technically a 63. And we’ve all seen higher graded coins that were far uglier. I don’t think he likes the coin, but don’t make me look the fool for purchasing it and then post snide remarks at my expense. At $2550 it was a solid buy.

It's a fantastic buy at $2550. That's indisputable.

I don't think he's making snide comments, he never has before. I think he honestly and genuinely doesn't remember his first comment. He will often pop up in a thread with a comment and then, a few days later, make either an identical or completely contradictory comment.

But, if indeed, he's being sarcastic, it's extremely crappy. It's a GTG for a newp, that is not the place to bash someone else's coin.

PeakRarities

@jfriedm56 said:
@PeakRarities, honestly in hand the coin is technically a 63. And we’ve all seen higher graded coins that were far uglier. I don’t think he likes the coin, but don’t make me look the fool for purchasing it and then post snide remarks at my expense. At $2550 it was a solid buy.

In no way was I being snide, that’s not how I roll. The price you paid is great, and I’d take 10 of them at that price. I don’t think a single person in this thread thinks it was a bad buy, but the majority consensus is that it’s graded loosely. I was just pointing out how ironic it was for cougar to leave his first positive comment in history, when he’s the one typically making someone else out to be the fool when they buy an original, correctly graded coin with toning,

You made a great purchase, like I said I hope you don’t take it personally but objectively I would never grade that coin 63+. If you check out my recent post on the BST, I basically wrote an about how the most important factor to consider is value. I encourage people to buy coins that aren’t “pq”, or very strong for the grade, as long as the price is right and they like the eye appeal.

MFeld

@PeakRarities said:

@jfriedm56 said:
@PeakRarities, honestly in hand the coin is technically a 63. And we’ve all seen higher graded coins that were far uglier. I don’t think he likes the coin, but don’t make me look the fool for purchasing it and then post snide remarks at my expense. At $2550 it was a solid buy.

In no way was I being snide, that’s not how I roll. The price you paid is great, and I’d take 10 of them at that price. In my opinion, it’s very weak as a 63 and I was just pointing out how ironic it was for cougar to leave his first positive comment in history, when he’s the one typically making someone else out to be the fool when they buy an original, correctly graded coin.

You made a great purchase, like I said I hope you don’t take it personally but objectively I would never grade that coin 63+. If you check out my recent post on the BST, I basically wrote an about how the most important factor to consider is value. I encourage people to buy coins that aren’t “pq”, or very strong for the grade, as long as the price is right and they like the eye appeal.

First post from @Cougar78 in this thread:
“MS 61, possibly MS60. Face really horrible - so many marks. I recommend MS69 / 70 AGE, AGB vs this coin.”

His second post - yes, about the same coin in the same thread :
“Really nice MS63+ DE. MV $3350 per Coin Facts. Nice luster and color. Congrats on nice pickup, super investment buy. Now may be a good time stack a few.”

I wonder whether he has dissociative personality disorder? If he does, I wouldn't want to deliver any more barbs his way.
If he doesn’t, based on his willingness to change his position so drastically, he might be the most flexible, open-minded person on the planet.😉