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WANT more Opinions on this Chain Cent/...grade posted in my second post!!!!!

goose3goose3 Posts: 11,471 ✭✭✭
I am considering this one but won't be able to buy anything else for a while if I do get it. What do you guys/gals think of it? Thanks!

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Comments

  • WOW - those things are priceless - a true chunk of americana right in the palm of your hand! - I'd guess G-4 and if I could afford it, I wouldn't want to buy anything for a good long time either.

    Good luck!

    Frank
  • originalisbestoriginalisbest Posts: 5,917 ✭✭✭✭
    Looks like a solid VG. Nice color and being that there are not too many around, I'd be proud to own it.

    Only the severest of problems (rim whacks, deep cuts) would make me turn down such a coin aesthetically, and this seems to be free of those. Become an owner of pieces like this and it's select company. image
  • wingedlibertywingedliberty Posts: 4,805 ✭✭✭
    I call it an AG3, possibly Good 4 if they were in a good mood. I like the coin!!!.


    Happy holidays,
    Brian.
  • G-4, What a great peice of american history.
    image
  • originalisbestoriginalisbest Posts: 5,917 ✭✭✭✭
    It's a nice coin, but I would think it nicer than a G, certainly it's better than AG. You can have these particular coins worn down to practically nil and if you can barely make out the head/chain, it'll grade. This one's a LOT better than most without being stratospheric like an EF or AU would be, let alone the few true mint state wonder coins out there.
  • wingedlibertywingedliberty Posts: 4,805 ✭✭✭
    Just think about where the coin has been and who held it. Thats exciting!!


    Brian.
  • I'd go for it if the price were right. Ditto on the strong AG3 or G-4 pcgs
    Nicht mehr Münzen-für jetzt!
  • TONEDDOLLARSTONEDDOLLARS Posts: 2,928 ✭✭✭✭
    that coin is a good to v/good. I would jump at the chance to own that coin if the price is right. i just bought a lettered edge 1793 cent in the same condition. It was graded v/good brown in color like yours and no corrosion.
  • Looks like a nice good but it has a few nicks and dings but is still nice.image
    kobrakoins
  • PushkinPushkin Posts: 2,029 ✭✭✭
    Hi Goose,

    Owner of a very pretty Snow-3 56 Flyer!

    I'd say at least a G-4 but with outstanding eye appeal for the grade. Very pleasing coin to look at. Thanks for the post.image
  • jdimmickjdimmick Posts: 9,675 ✭✭✭✭✭
    Id say PCGS gave it a good-6.

  • goose3goose3 Posts: 11,471 ✭✭✭


    << <i>Id say PCGS gave it a good-6. >>



    image

    it is indeed..........PCGS G6
  • BigD5BigD5 Posts: 3,433
    That's a heck of a coin Goose!! Cool.
    BigD5
    LSCC#1864

    Ebay Stuff
  • wingedlibertywingedliberty Posts: 4,805 ✭✭✭
    What was the grade on this? I didn't see it in the second post?

    Brian.
  • Is this the one currently on ebay with a dark scan?

    Cameron Kiefer
  • wingedlibertywingedliberty Posts: 4,805 ✭✭✭
    The thought process that I would apply in whether to buy this or not is simple. Its an honor to
    have one in one's collection regardless of grade.


    Happy holidays,
    Brian.
  • michaelmichael Posts: 9,524 ✭✭
    i hate to grade coins from scans and i thinkevery chain needs to be evaulated in person

    but the scan is great and overall looks like a super nice ag plus to good

    but with the great surfaces i would say pcgs graded this coin as a good 4

    sincerely michael

    for me i guess i could live with this gtrade as it is a really super nice ag coin with really nice good plus surfaces and eye appeal so i think good 4 would be a grade pcgs would put on this one

    but overall they priced this coin as a good 4 and i could live with a good 4 price for this coin! and this coin as far as chains go is a nice! grade specimum with exceptional eye appeal in my opinion

    sincerely michael
  • goose3 -

    I'm a huge fan of early copper and think it would be terrific for you to add a nice looking Chain cent like this one to your collection.

    The advice I would give, however, is to be extremely cautious of grade and price for a PCGS or NGC slabbed specimen. Let me explain:

    Early copper is like colonials - a large percentage (though shrinking) of these pieces appear in the major auctions raw as it is perceived by serious collectors that they are more expert than the 3rd party graders who tend to overgrade these pieces. if you check the Q&A board you'll will note that I asked David Hall a question along these lines about colonial grading last week and Mr. Hall responded by saying that he (PCGS) feel that colonials and early copper have been graded too strictly by the 'experts' in those areas historically and that PCGS is now more in line with 'market grading' for early copper.

    The implication of this for you is very real. The coin in question which is graded G-6 (if I understood correctly in this string of messages) almost certainly was purchased by someone, likely a dealer, raw as an AG or even a Fair for a price commensurate with those grades. A quick trip trip to PCGS and suddenly this is a G-6 and worth twice or 3 times the money paid.

    This is commonplace in the colonial world and something to which I pay particular attention.

    It looks like a nice coin, but I thought you ought to be aware of this early copper PCGS grade inflation if you weren't already. I believe a comparable piece could be obtained raw from Stack's or a Bowers auction for far less money.


    Singapore
  • goose3goose3 Posts: 11,471 ✭✭✭
    Singapore
    activate your PM feature.
    click on profile and you will find it on that page.
  • goose3 -

    I've Emailed you privately -


    Singapore
  • BillJonesBillJones Posts: 33,969 ✭✭✭✭✭
    Getting you first Chain cent is really a thrill. Here's the one that is now in my collection. It's the third one I have owned. This is a Sheldon-4, the periods variety.

    I would agree with others that the coin you are considering is in the AG-3 to Good-4 territory. On the plus side the color looks good and the surfaces are reasonable smooth. On the negative side the date is not complete, I would expect better legends for a Good-6. They should be complete and readable.

    The coin you are considering is a Sheldon-3, the "leaning R." It is the most common of the Chain Cent varieties and is rated an R-3.
    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 ... ?
  • Nice coin goose
    I know you have been looking for a long time for this coin. I like the fact it is in a slab, I just hope the price is right..
    Good luck and keep me informed..

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