Baley scores a new trade! and now the dilemma...

Baley

ok here's pics of my type set dollar page and my new trade dollar (1877-S NGC) but now that I have the '77 in hand, I think it's, shall we say, liberally graded. No problem there, I only paid XF45 money. = But my intention was to crack it out and replace my current EF '75-s in my dansco album, and bump the '75 down to my midgrade whitman, but if i do that, i lose lots of the value of having my '77 maxed out, as it may go down 3 or 5 points if i ever upgrade my trade to mint state and have to reslab the '77 in order to sell it (since it's apparently genuine, according to NCC). what would you do??

coinkat

Baley:

Excuse the dumb question, but why do you think the COIN WAS OVERGRADED?

FrattLaw

Ummm, tough one, but one question, why do you have 2 Type Sets in albums? Why not just sell the coin you are replacing and keep the NGC. Or sell both and get a better higher grade Trade Dollar that you can't afford to replace.

By the way, I need a trade dollar for my Dansco set as well, if you are going to sell the one in there now, let me know.

Michael

Baley

they gave it a 58. it's obviously only a 57.

gmarguli

1) What do you consider 3-5 grade points? Is that going from XF45 to AU55/MS60 or is it going from AU50 to AU53/AU55.

2) If you think it is overgraded, then send it into NGC for grade review (it's free).

If you're not happy with the coin, then get rid of it. If you're not happy with the grade, then either get NGC to change its mind or change yours. No other options.

gmarguli

they gave it a 58. it's obviously only a 57.

It's only a 57?

Baley

>>why do you have 2 Type Sets in albums? <<

because I can't bear to part with my previous "best of type" so I bump it down to my #2 set, either filling a hole or bumping a coin to my # 3 set .

coinkat

Baley:

I asked why you thought the coin was overgraded because I thought it looked good. From the photo/scan, the color/tone looked attractive and mostlikely original. I would leave the coin in the NGC holder. Just a thought...

Baley

see, coinkat, that's exactly the dilemma: i bought the coin to crack out and put in my album, and now I think it's better off staying in the slab, it's a 58 ffsake, it's never going to go any higher, can only go down. As for buying a better coin for this purpose, I probably would not crack out a mint state trade $ for my dansco, so this would be the final upgrade for that slot. then there's the potential of putting a big scratch on it trying to break the plastic...

coinkat

Baley:

The coin is attractive and you should be pleased to own it. Keep it and leave it in the slab. Go and look for one that is raw. If you go to a large enough coin show, I think you will find a nice one for the album.

Baley

good advice all, thanks!