Check out this PCGS Chain. I bought it......EAC question added in post 40.(Page3)
goose3
Posts: 11,471 ✭✭✭
It was the one I post a while back. I think it looks better in person but I still don't know if I agree with Good6.
ADDED. If you want to guess the price go for it. I was informed by a couple of members (one prior to my purchasing) that the price was pretty good. I'll post it later if anyone cares. Just don't tell my wife!!!
ADDED. If you want to guess the price go for it. I was informed by a couple of members (one prior to my purchasing) that the price was pretty good. I'll post it later if anyone cares. Just don't tell my wife!!!
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Comments
I saw the pictures before I saw this text. I was thinking the way PCGS grades these coins, it's probably an XF40.
As for G6? Well, it has a strong chain, visible rim lettering on the reverse (almost full letters), a good obverse portrait with a fair amount of detail.
Not sure I'd be happy with the coin as a G6, but considering the grade inflation on these, it might be normal.
Nice photo too.
We'll use our hands and hearts and if we must we'll use our heads.
OK, I'm just jealous. Geez, what a coin. Wish I knew how you did it!
that said, i doubt you could find a better 1 for g-6 money.
K S
I just can't see a G06 coin that doesn't even have a clear date.
-Jarrett Roberts
Russ, NCNE
The obverse was typically struck much more weakly than the reverse, so that is normal. If, like Goose says, it looks better in person, then it is indeed quite a catch, because the photos sure make it look great. mdwoods
We'll use our hands and hearts and if we must we'll use our heads.
In honor of the memory of Cpl. Michael E. Thompson
Seriously though, that is a NICE planchet, for a chain cent!!!
What I meant about looking better in person was this........
The coin looks better in person compared to the pics that the seller/dealer sent to me. It was kind of a nice surpise. I was expecting it to possibly look worse. My pics on this thread show the coin VERY accurately.
An attractive example like this with 'honest wear' and nice color is a keeper.
I mean, I like it. There is not many of these around in any condition. This one has a nice planchet, color, no rim bumps of any concern. A real good find!!
Tbig
if it was a lincoln or indian in that condition it would indeed be AG at best,
as a chain cent, with that age and planchet and details and lack of damage, most of us would pay 6 money or a little more.
score
Liberty: Parent of Science & Industry
One question, though - does Mrs. Goose know? If not, I see a major blackmail opportinity here.
Rarely are these older coppers this attractive. I'll take a bit less detail for a better planchet.
Also- that partial date is sweet.
I've seen GOODS without any trace of a date.
No one's guessed the price so I'll try: $2,800.00?
peacockcoins
It is a historically important issue and worth owning for that reason. Anyone have any idea how many presently exists and in what populations for the various conditions?
Thanks for all the comments. I am glad that I got it but now I can't buy much of anything for a while! Will be window shopping in Baltimore for sure!
Congrats. A lovely Chain Cent indeed, and a super-duper planchet. Nice copper!
Money in the BANK my friend. Money in the BANK.
Dave
Goose3: Did you tell your wife you went to see Ohio State in AZ and spent a bit over $3000 on the trip?
I just decided about 2 weeks ago to get it. Just arrived today. She will see it soon!!!!!
Does it mean that you'll not go to Baltimore now ( I remember you talking about mad wife, big expense etc.)????????
I'd be happy with it.
The profile is very clear and the hair is easily seen - and the chain is strong. Nice buy
My posts viewed
since 8/1/6
sincerely michael
ebay VG08
None of the grading companies use EAC guidelines for early copper, but the fact is, a decent early copper will sell for well over Greysheet prices, well over, if you use EAC grading as the criterea for determining price. I just sold a very nice NGC graded AU-55 S-76b, probably the most common Liberty Cap Large Cent. By EAC standards, it would grade EF-40 recolored, but the dealer who purchased it, a well-known EAC member/ dealer and with a huge following, after about a 10 minute study, paid a bit over double Graysheet for an EF-40. It should be pointed out that many high grade circ early large cents have been recolored, and if done skillfully, the grading companies will slab them. They must be market acceptable to get encapsulated.
I think the Chain Cent that Goose3 depicted is a GREAT coin, and I see & sell a lot of them.
Ira Stein
Obverse looks scant, but reverse is excellent. The ringed chain is what makes them so cool and yours is strong for a G6. That is one to be proud of IMHO.
Tyler
can someone tell me the basis of the EAC grading standards and why they are apparently much more strict? (such as on your NGC AU55 (EAC 40) piece.
TDN,
I saw that coin on ebay and I may be wrong but it looks like the one that Jon/RCNH and Coinguy had for sale in the past. It is stronger than mine on the obv. for sure. I think that is the 3rd time that coin has been listed by reedededge.
G-4/6 coins will have several areas of the head worn into the field. The date and LIBERTY may be very weak and partially missing. Porous surfaces are common in this grade and smooth, even wear is the exception. The reverse will have a full, but very worn, chain, with much of the lettering weak. The central lettering may be missing on weakly struck coins.
The lower-grade Chain cents, AG-3 and FR-2, all have various problems. There may be porosity, missing lettering, or a missing date, and marks or nicks. The head will be present, though quite worn into the surfaces. Remarkably, the chain is still usually complete, even down to these grades. The lettering of the periphery may be missing, especially in FR-2, and the central lettering may be completely gone.
[end]
Based on these descriptions, I think PCGS gave it a G6 because it is such a problem-free coin, given its age and handling.
Great coin goose3, once again, I'm jelous.
The lower-grade Chain cents, AG-3 and FR-2, all have various problems. There may be porosity, missing lettering, or a missing date, and marks or nicks. The head will be present, though quite worn into the surfaces. Remarkably, the chain is still usually complete, even down to these grades. The lettering of the periphery may be missing, especially in FR-2, and the central lettering may be completely gone."
Under this criteria, I agree with the grade of Goose's coin. I'm curious, though... what are the EAC guidelines for a G-4/6 Chain cent? And for AG3 and FR2, for that matter.
ie. assume a chain cent in g-4 costs $1000 cqr (copper quotes by robinson). then , vg-8 is supposed to cost exactly $2000, twice the grade = twice the money.
K S