@seatedlib3991 said:
Never seen one before. Beaver has what seems like 50% of his detail and most coins with 50% detail in the ANA guide book would be in the 35/40 range. best guess I got. James
These didn’t have full detail when they were struck. You have to go by rims and luster/mint surfaces. To these eyes it has most of its as struck details but the surfaces have mellowed with most of the metal flow gone. Premium EF40. NGC is a little more forgiving when wear is minimal so an AU grade isn’t out of the question. My read at least
@1madman said:
First thought from the pictures is a 35.
First thought from the video is details damaged (both sides) and cleaned
Specifically, what appears as damage to you?
Rims look as if they’ve been in a vice (unevenness). And I’m not in love with the pitting in & around the center words on the reverse. It’s what I’d call hammer & chisel style hits where they look intentionally done, then the coin circulates where it tries to blend them back into the planchet.
It was almost like I was looking at a completely different coin when I watched the video. I haven’t seen one of these coins in a while, so I can’t remember if planchet flaws are the norm.
I'd expect nothing less from you Dan, job well done, again. I'd say 42.5 but that's not a thing so 40+ but that's not a thing either so I'll just go with 40.
@HillbillyCollector said: @PeakRarities
So, something that’s been bugging me all day.
Is this ‘Beaver’ part of Peak’s inventory?😉
Sadly, NO. Any coins I post in the US coin forum are part of my collection, inventory will only be posted on the BST unless there's extenuating circumstances where a discussion would be in the best interest of the forum.
As an aside, did you know that our own @dcarr made some somewhat similarly struck pieces (beaver side) using 1849 eagles?
As a matter of fact, I did not! Thank you for the enlightenment, and as a result, I just found two different Dcarr Beaver pieces on ebay. They were interesting enough for me to buy them, and I went to make an offer before I realized it was one of our own, and subsequently made a deal for both of them with him on the forum. I'll show them off once theyre in hand, Thanks Tom!
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko.
[Checking the secret "Rarity Points Memorandum" to see how many extra points this is supposed to get just because it is rare]
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
I grew up and lived most of my life in the Portland, OR area. I remember seeing these in the Redbook when I was a kid and fantasizing about finding one metal detecting! It's always been a dream coin for me and if someday I can afford one, it's one that I would love to add to my collection. Unfortunately I am terrible at grading these as my initial inkling was F15, but I have a strong feeling it is low and would move my guess up to VF35 - XF40. Based on the video and the inherent strike and the polling of the audience, my adjusted grade seems like it would fit much better, so XF40 final answer! Stunning coin by the way! I'd hope to someday get a chance to image it.
I personally love its history, and its design as well as would love to own an example but I can never seem to pull the trigger because they come so darn beat up and fugly. I just have to have a gorgeous beaver and luckily I do but that is another topic
I have never shopped for one of these. Going by the pieces in The Red Book, it looks like they got a lot of circulation add wear and were not well struck.
Even if the dies were not very good, I don't see any mint surface on this piece.
I looked a "Coin Facts." They have an MS-62 displayed, and it has quite a bit of detail. Their "EF-45" is way over graded if it started out looking like the MS-62.
So, I think we have "the slab grade" and the real grade situation.
The slab grade is probably EF-40.
My grade would be Fine to VF.
Rarity should not lower grading standards, but we all know that it does.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Ok, quite a wide variety of guesses here...let us dive in.
The coin is currently graded AU-50 by NGC, and it has been for about the last 20 years, give or take. My source tells me that he thought he remembered the coin as a PCGS 45 prior to that, but at some point, it was upgraded to its white-pronged coffin.
Now here's the fun part- I would not accept AU-50 as a "correct" answer, despite what the label says. I don't think I've ever said this about any purchase of mine, let alone an expensive purchase, at the end of an arduous search for this elusive piece of Gold Rush history. This coin is patently overgraded, and quite frankly it doesnt even have a claim to AU.
Truthfully, we dont really know how these pieces looked right after they were struck, as far as I know there's just two uncirculated examples. The top pop MS62 can be seen on coinfacts, and we can see that the piece displays some typical weakness on the reverse lettering, and in the center of the rims closest to the ends of the beaver. That softeness is caused by the layout of the design in which the beaver is a fairly prominent with not much clearance to the rims. As a result, most of the metal flows to try to fill out the beaver, and the rims end up weakly defined. If any of them were struck with insufficient force, even if it was only slightly insufficient, it would probably look alot like this coin, but with better surfaces and more luster.
Of the 6,000 pieces struck, less than 1% of them survive today. The Oregonian settlers were desperate for a practical medium of exchange at this point in time, so much so that in 1843, the provisional government passed legislation that made wheat into legal tender. Privately issued "Wheat receipts" began to circulate as unnofficial cash, and later on, they used flint arrowheads as quasi coinage. Given the context of such a desperate need for practical coinage, it's no surprise that this gold "Beaver-Money" saw such extensive circulation. Later on, many coins met their fate in the crucible, since the higher-than-normal intrinsic value of these coins encouraged widespread melting. It's also important to recognize that the gold used in the production of the beaver money was pure and not alloyed, which explains why they are so soft, and often come with deep cuts and abrasions.
I had been on the lookout for a wholesome beaver for the past several years, and if one took so much as 5-10 minutes to look through auction archives and familiarize themself with the issue, then would they understand that this is an outstanding example in comparison to whats out there. These coins often had planchet defects upon striking, this coin has a small one on the reverse under "5D". The color is a natural green-gold hue, with rosey tinges in the peripheries. The wear is even and balanced, and there arent any unsettling abrasions that catch the eye. Here's a link to a Heritage sale in 2005 where this coin sold for 70k, and what's important to note is that the dirt around the devices was there at that time and it hasnt changed. Original dirt is a great indicator of originality, but Pioneer is a frequently manipulated series and some pieces have been artifically caked with dirt in recent years.
I'd say that my grade for this coin is 43. I see it as a very solid technical 40, but I would give it an "originality bump" to 45 due to the pleasing surfaces and lack of distractions. It's not so much about "rarity points" as it is recognizing and appreciating the circumstances in which they were created, and trying not to be overly critical as if it were a regular issue U.S. coin. If you guessed 35, I totally understand that and if you were being strictly technical with no clemency for the methods of manufacture, that would probably be the right grade. That said, PCGS doesn't use strict technical grading and based on whats already out there in similar grades, this coin deserves to be in an XF holder. There's a reasonable argument to be made that it is maxed at 40, but when I look at the coins at that grade level in coinfacts, I much prefer the appearance of this one. One of the problems with Pioneer is that the grading services were so inconsistent overtime. For a while everything was undergraded, but at the same time problem coins were holdered as problem free. Pioneer gold is a minefield, and many coins, straight graded and otherwise, have been worked on, repaired, and mutilated in a number of ways. I fell in love with this piece because there's no real problem. It's honest, original, and it tells one hell of a story.
Many of you nailed it, and I especially appreciate the added commentary from @coinkat, @crypto, @cladiador, and @mfeld. Overall, I am pleasantly surprised with the results from this one and I expected worse. Admittedly, I didn't take these photos and I'm not a huge fan of the way Noah shot the coin. I don't have it in my possession at the moment, but when I get to photograph it I'll post more pictures here. Im going to add some more photos of some similarly graded coins, and some in lower grades just for fun.
My long term goal for this coin is actually to DOWNcross it to a PCGS 45 holder eventually. I suspect that the coin has a great shot at CAC approval in an XF grade, but I would never even bother sending it in as an AU50. This one will be with me for a while, and I'm truly grateful to be it's steward.
@PeakRarities said:
Ok, quite a wide variety of guesses here...let us dive in.
The coin is currently graded AU-50 by NGC, and it has been for about the last 20 years, give or take. My source tells me that he thought he remembered the coin as a PCGS 45 prior to that, but at some point, it was upgraded to its white-pronged coffin.
Now here's the fun part- I would not accept AU-50 as a "correct" answer, despite what the label says. I don't think I've ever said this about any purchase of mine, let alone an expensive purchase, at the end of an arduous search for this elusive piece of Gold Rush history. This coin is patently overgraded, and quite frankly it doesnt even have a claim to AU.
Truthfully, we dont really know how these pieces looked right after they were struck, as far as I know there's just two uncirculated examples. The top pop MS62 can be seen on coinfacts, and we can see that the piece displays some typical weakness on the reverse lettering, and in the center of the rims closest to the ends of the beaver. That softeness is caused by the layout of the design in which the beaver is a fairly prominent with not much clearance to the rims. As a result, most of the metal flows to try to fill out the beaver, and the rims end up weakly defined. If any of them were struck with insufficient force, even if it was only slightly insufficient, it would probably look alot like this coin, but with better surfaces and more luster.
Of the 6,000 pieces struck, less than 1% of them survive today. The Oregonian settlers were desperate for a practical medium of exchange at this point in time, so much so that in 1843, the provisional government passed legislation that made wheat into legal tender. Privately issued "Wheat receipts" began to circulate as unnofficial cash, and later on, they used flint arrowheads as quasi coinage. Given the context of such a desperate need for practical coinage, it's no surprise that this gold "Beaver-Money" saw such extensive circulation. Later on, many coins met their fate in the crucible, since the higher-than-normal intrinsic value of these coins encouraged widespread melting. It's also important to recognize that the gold used in the production of the beaver money was pure and not alloyed, which explains why they are so soft, and often come with deep cuts and abrasions.
I had been on the lookout for a wholesome beaver for the past several years, and if one took so much as 5-10 minutes to look through auction archives and familiarize themself with the issue, then would they understand that this is an outstanding example in comparison to whats out there. These coins often had planchet defects upon striking, this coin has a small one on the reverse under "5D". The color is a natural green-gold hue, with rosey tinges in the peripheries. The wear is even and balanced, and there arent any unsettling abrasions that catch the eye. Here's a link to a Heritage sale in 2005 where this coin sold for 70k, and what's important to note is that the dirt around the devices was there at that time and it hasnt changed. Original dirt is a great indicator of originality, but Pioneer is a frequently manipulated series and some pieces have been artifically caked with dirt in recent years.
I'd say that my grade for this coin is 43. I see it as a very solid technical 40, but I would give it an "originality bump" to 45 due to the pleasing surfaces and lack of distractions. It's not so much about "rarity points" as it is recognizing and appreciating the circumstances in which they were created, and trying not to be overly critical as if it were a regular issue U.S. coin. If you guessed 35, I totally understand that and if you were being strictly technical with no clemency for the methods of manufacture, that would probably be the right grade. That said, PCGS doesn't use strict technical grading and based on whats already out there in similar grades, this coin deserves to be in an XF holder. There's a reasonable argument to be made that it is maxed at 40, but when I look at the coins at that grade level in coinfacts, I much prefer the appearance of this one. One of the problems with Pioneer is that the grading services were so inconsistent overtime. For a while everything was undergraded, but at the same time problem coins were holdered as problem free. Pioneer gold is a minefield, and many coins, straight graded and otherwise, have been worked on, repaired, and mutilated in a number of ways. I fell in love with this piece because there's no real problem. It's honest, original, and it tells one hell of a story.
Many of you nailed it, and I especially appreciate the added commentary from @coinkat, @crypto, @cladiador, and @mfeld. Overall, I am pleasantly surprised with the results from this one and I expected worse. Admittedly, I didn't take these photos and I'm not a huge fan of the way Noah shot the coin. I don't have it in my possession at the moment, but when I get to photograph it I'll post more pictures here. Im going to add some more photos of some similarly graded coins, and some in lower grades just for fun.
My long term goal for this coin is actually to DOWNcross it to a PCGS 45 holder eventually. I suspect that the coin has a great shot at CAC approval in an XF grade, but I would never even bother sending it in as an AU50. This one will be with me for a while, and I'm truly grateful to be it's steward.
Dan, in addition to posting great coins, you add top notch commentary, which leads to threads which are both entertaining and special.Thank you for that.
What I might be even more impressed with, however, is your ability to be objective about your coins, as is evidenced by the part of your post which I’ve copied below. It’s an extremely rare owner of a coin who can do that!
“ Now here's the fun part- I would not accept AU-50 as a "correct" answer, despite what the label says. I don't think I've ever said this about any purchase of mine, let alone an expensive purchase, at the end of an arduous search for this elusive piece of Gold Rush history. This coin is patently overgraded, and quite frankly it doesnt even have a claim to AU.”
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@Coinscratch said:
I was way off, but now I’m an expert in grading beaver. Thank you Dan. 😎
Thats what it's all about, glad you were able to learn something from it. 😀
There's one very important factor to consider for grading these, and I believe It was stated by @Crypto in this thread. Not even so much for Beavers specifically, but for all Pioneer in general. You have to give extra weight to, and grade the coin primarily by its luster and surfaces, and try not to get too hung up on high point flatness.
Comments
At least we know then that is isn't a Gem 65.
Not my area of expertise at all, but I'll say VF-35.
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Carson City Silver Dollars Complete 1870-1893http://www.pcgs.com/setregistry/showcase.aspx?sc=2722"
I’ll be surprised if the coin grades other than 40 or 45. And below 35 or above 50 would be stunning.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I'm in the XF40 camp. Love to see it!
Don't know squat on how to grade these, but I have been thinking 45 since I saw the pics.
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45, could be 35-50.
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AU50
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Don
I have no idea of the grade but it sure is a great piece of history, congrats!
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I'm going with 40, but wouldn't be surprised if it's higher than that.
Pacific Northwest Numismatic Association
A little dirty, great coin.
These didn’t have full detail when they were struck. You have to go by rims and luster/mint surfaces. To these eyes it has most of its as struck details but the surfaces have mellowed with most of the metal flow gone. Premium EF40. NGC is a little more forgiving when wear is minimal so an AU grade isn’t out of the question. My read at least
11.5$ Southern Dollars, The little “Big Easy” set
First thought from the pictures is a 35.
First thought from the video is details damaged (both sides) and cleaned
I’m telling you, you’re mad, man. Oops, I meant you’re one mad man (1madman).
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
This must be one of those special coins that will straight grade even if they look like they’ve been in the dirt for 150 years.
Nice find
Specifically, what appears as damage to you?
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Rims look as if they’ve been in a vice (unevenness). And I’m not in love with the pitting in & around the center words on the reverse. It’s what I’d call hammer & chisel style hits where they look intentionally done, then the coin circulates where it tries to blend them back into the planchet.
It was almost like I was looking at a completely different coin when I watched the video. I haven’t seen one of these coins in a while, so I can’t remember if planchet flaws are the norm.
I'd expect nothing less from you Dan, job well done, again. I'd say 42.5 but that's not a thing so 40+ but that's not a thing either so I'll just go with 40.
@PeakRarities
So, something that’s been bugging me all day.
Is this ‘Beaver’ part of Peak’s inventory?😉
Sadly, NO. Any coins I post in the US coin forum are part of my collection, inventory will only be posted on the BST unless there's extenuating circumstances where a discussion would be in the best interest of the forum.
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As a matter of fact, I did not! Thank you for the enlightenment, and as a result, I just found two different Dcarr Beaver pieces on ebay. They were interesting enough for me to buy them, and I went to make an offer before I realized it was one of our own, and subsequently made a deal for both of them with him on the forum. I'll show them off once theyre in hand, Thanks Tom!
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That is a very attractive coin - congrats!
I own those @dcarr beaver pieces as well and thought that it might be good to get the two of you together. Glad it worked out!
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Just a guess at 40
Mike
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I’ll guess 35. It’s a beauty!
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It is tomorrow afternoon.
What is the grade?
It's an XF. I'll take that broad target.
[Checking the secret "Rarity Points Memorandum" to see how many extra points this is supposed to get just because it is rare]
My guess of what NGC graded it…53
Dang Dan, look at you diving right into the beaver!
Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.
XF40
35….with a CAC green bean…😉
I grew up and lived most of my life in the Portland, OR area. I remember seeing these in the Redbook when I was a kid and fantasizing about finding one metal detecting! It's always been a dream coin for me and if someday I can afford one, it's one that I would love to add to my collection. Unfortunately I am terrible at grading these as my initial inkling was F15, but I have a strong feeling it is low and would move my guess up to VF35 - XF40. Based on the video and the inherent strike and the polling of the audience, my adjusted grade seems like it would fit much better, so XF40 final answer! Stunning coin by the way! I'd hope to someday get a chance to image it.
20
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Act passed by the Provisional Oregon Legislature Authorizing coinage:
I personally love its history, and its design as well as would love to own an example but I can never seem to pull the trigger because they come so darn beat up and fugly. I just have to have a gorgeous beaver and luckily I do but that is another topic
I have never shopped for one of these. Going by the pieces in The Red Book, it looks like they got a lot of circulation add wear and were not well struck.
Even if the dies were not very good, I don't see any mint surface on this piece.
I looked a "Coin Facts." They have an MS-62 displayed, and it has quite a bit of detail. Their "EF-45" is way over graded if it started out looking like the MS-62.
So, I think we have "the slab grade" and the real grade situation.
The slab grade is probably EF-40.
My grade would be Fine to VF.
Rarity should not lower grading standards, but we all know that it does.
Here's the Coin Facts link.
https://pcgs.com/coinfacts/coin/1849-5-oregon/images/10288
It's a beaver that's been around and has seen some use, but was not initially struck hard.
XF40
You are going to smother the cat.
It isn't tomorrow afternoon - it's today's afternoon. Tomorrow afternoon is never here today.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I believe he posted that on the 6th. Today is the 7th. Yesterday‘s tomorrow is today.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
"The grade will come out, Tomorrow..."
Haha yes that's possible. Thankfully it's not February 2nd at least.
Tomorrow!
https://m.youtube.com/watch?v=PjsMnvqL7eY
Ok, quite a wide variety of guesses here...let us dive in.
The coin is currently graded AU-50 by NGC, and it has been for about the last 20 years, give or take. My source tells me that he thought he remembered the coin as a PCGS 45 prior to that, but at some point, it was upgraded to its white-pronged coffin.
Now here's the fun part- I would not accept AU-50 as a "correct" answer, despite what the label says. I don't think I've ever said this about any purchase of mine, let alone an expensive purchase, at the end of an arduous search for this elusive piece of Gold Rush history. This coin is patently overgraded, and quite frankly it doesnt even have a claim to AU.
Truthfully, we dont really know how these pieces looked right after they were struck, as far as I know there's just two uncirculated examples. The top pop MS62 can be seen on coinfacts, and we can see that the piece displays some typical weakness on the reverse lettering, and in the center of the rims closest to the ends of the beaver. That softeness is caused by the layout of the design in which the beaver is a fairly prominent with not much clearance to the rims. As a result, most of the metal flows to try to fill out the beaver, and the rims end up weakly defined. If any of them were struck with insufficient force, even if it was only slightly insufficient, it would probably look alot like this coin, but with better surfaces and more luster.
Of the 6,000 pieces struck, less than 1% of them survive today. The Oregonian settlers were desperate for a practical medium of exchange at this point in time, so much so that in 1843, the provisional government passed legislation that made wheat into legal tender. Privately issued "Wheat receipts" began to circulate as unnofficial cash, and later on, they used flint arrowheads as quasi coinage. Given the context of such a desperate need for practical coinage, it's no surprise that this gold "Beaver-Money" saw such extensive circulation. Later on, many coins met their fate in the crucible, since the higher-than-normal intrinsic value of these coins encouraged widespread melting. It's also important to recognize that the gold used in the production of the beaver money was pure and not alloyed, which explains why they are so soft, and often come with deep cuts and abrasions.
I had been on the lookout for a wholesome beaver for the past several years, and if one took so much as 5-10 minutes to look through auction archives and familiarize themself with the issue, then would they understand that this is an outstanding example in comparison to whats out there. These coins often had planchet defects upon striking, this coin has a small one on the reverse under "5D". The color is a natural green-gold hue, with rosey tinges in the peripheries. The wear is even and balanced, and there arent any unsettling abrasions that catch the eye. Here's a link to a Heritage sale in 2005 where this coin sold for 70k, and what's important to note is that the dirt around the devices was there at that time and it hasnt changed. Original dirt is a great indicator of originality, but Pioneer is a frequently manipulated series and some pieces have been artifically caked with dirt in recent years.
I'd say that my grade for this coin is 43. I see it as a very solid technical 40, but I would give it an "originality bump" to 45 due to the pleasing surfaces and lack of distractions. It's not so much about "rarity points" as it is recognizing and appreciating the circumstances in which they were created, and trying not to be overly critical as if it were a regular issue U.S. coin. If you guessed 35, I totally understand that and if you were being strictly technical with no clemency for the methods of manufacture, that would probably be the right grade. That said, PCGS doesn't use strict technical grading and based on whats already out there in similar grades, this coin deserves to be in an XF holder. There's a reasonable argument to be made that it is maxed at 40, but when I look at the coins at that grade level in coinfacts, I much prefer the appearance of this one. One of the problems with Pioneer is that the grading services were so inconsistent overtime. For a while everything was undergraded, but at the same time problem coins were holdered as problem free. Pioneer gold is a minefield, and many coins, straight graded and otherwise, have been worked on, repaired, and mutilated in a number of ways. I fell in love with this piece because there's no real problem. It's honest, original, and it tells one hell of a story.
Many of you nailed it, and I especially appreciate the added commentary from @coinkat, @crypto, @cladiador, and @mfeld. Overall, I am pleasantly surprised with the results from this one and I expected worse. Admittedly, I didn't take these photos and I'm not a huge fan of the way Noah shot the coin. I don't have it in my possession at the moment, but when I get to photograph it I'll post more pictures here. Im going to add some more photos of some similarly graded coins, and some in lower grades just for fun.
My long term goal for this coin is actually to DOWNcross it to a PCGS 45 holder eventually. I suspect that the coin has a great shot at CAC approval in an XF grade, but I would never even bother sending it in as an AU50. This one will be with me for a while, and I'm truly grateful to be it's steward.
P62 (Top Pop)
https://auctions.stacksbowers.com/lots/view/3-NKUG0/1849-oregon-exchange-company-5-k-1-rarity-5-ms-62-pcgs
N53
https://coins.ha.com/itm/territorial-gold/territorial-and-fractional-gold/1849-5-oregon-exchange-co-five-dollar-au53-ngc-k-1-r5-pcgs-10288-/a/1344-4122.s?ic4=ListView-ShortDescription-071515
N50 ( The Present Coin)
https://coins.ha.com/itm/territorial-gold/1849-5-oregon-exchange-co-five-dollar-au50-ngc-k-1-r6-oregon-pioneers-were-among-the-first-to-hear-of-the-discovery-o/a/372-9207.s?hdnJumpToLot=1&x=0&y=0
N45 CAC
https://coins.ha.com/itm/territorial-gold/territorial-and-fractional-gold/1849-5-oregon-exchange-co-five-dollar-xf45-ngc-k-1-r6-cac-pcgs-10288-/a/1341-4506.s?ic4=ListView-ShortDescription-071515#
P40
https://coins.ha.com/itm/a/1271-5215.s
P25
https://coins.ha.com/itm/territorial-gold/1849-5-oregon-exchange-co-five-dollar-vf25-pcgs-k-1-r5/a/1218-3316.s?lotPosition=7&ic16=ViewItem-BrowseTabs-Auction-Archive-ArchiveSearchResults-012417
P15 CAC
https://auctions.stacksbowers.com/lots/view/3-18C4U7/1849-oregon-exchange-company-5-k-1-rarity-5-fine-15-pcgs-cac-cmq
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I was way off, but now I’m an expert in grading beaver. Thank you Dan. 😎
Dan, in addition to posting great coins, you add top notch commentary, which leads to threads which are both entertaining and special.Thank you for that.
What I might be even more impressed with, however, is your ability to be objective about your coins, as is evidenced by the part of your post which I’ve copied below. It’s an extremely rare owner of a coin who can do that!
“ Now here's the fun part- I would not accept AU-50 as a "correct" answer, despite what the label says. I don't think I've ever said this about any purchase of mine, let alone an expensive purchase, at the end of an arduous search for this elusive piece of Gold Rush history. This coin is patently overgraded, and quite frankly it doesnt even have a claim to AU.”
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Recall TDN resubmitting Dollars that he thought were over graded.
So Dan, do you keep it in the current holder or send the piece in for reconsideration?
Thats what it's all about, glad you were able to learn something from it. 😀
There's one very important factor to consider for grading these, and I believe It was stated by @Crypto in this thread. Not even so much for Beavers specifically, but for all Pioneer in general. You have to give extra weight to, and grade the coin primarily by its luster and surfaces, and try not to get too hung up on high point flatness.
Founder- Peak Rarities
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