An 1843 Seated Dollar pic and question.

ohbaby

How can an AU53 be so shiny? How did it get into a PCGS holder {i am assuming most will answer my first question the way I would}?

It could have been a nice coin.

sinin1

It could be well preserved but maybe dipped

It obviously was NOT cleaned or PCGS would have bodybagged it.

coinkat

Fair question... Based upon the scan, the coin looks to have excellent lustre and has an above average strike. Unfortunately, the coin was dipped and this coin is a new candidate to replace the 1895-O Morgan that was posted about 5 months ago as being the Poster Coin that clearly demonstrates what is wrong in the hobby. While I do not dispute the AU53 grade assigned by PCGS, I do believe that, without a doubt, the coin was dipped by someone who wrongly believed that dipping the coin would enhance the lustre resulting in a higher grade.

Coins like this are not orginal and should not bring the money that an original 1843 Seated Dollar in the same grade (AU53) should bring. Unfortunately, there are many Seated Dollars and other type coins like this that negatively impact the values of better quality original coins on the graysheet and the grading services continue to ignore this issue. Let me just ask this... how many of the 1843 Seated Dollars graded by the BIG THREE are truly original? I would suggest that the number is 40% or lower.

Merc

Poor coin. Old silver should not look like that. I have an 1847 Au50 dollar graded by ANACS that is deeply toned. It looks like silver that is 150 years old! I'll have to post a picture of it.

I was offered a 1834 bust half in AU 53 by PCGS that looked like this coin. I said no thanks. Circulated coins should not be dipped.

Merc

OK, I found my 1847 Dollar and took some pictures. The first was taken under a lamp using the white color balance on the camera. The second was shot with the flash.

1847 lamplight

1847 camera flash

As you can see, it is a toned coin

lordmarcovan

Dipped or not, I like it.

ohbaby

Merc,

I couldn't agree more, circulated coins should not be dipped. And they should not be shiny. Were the graders on lunch break and the min. wage slab machine operator grab the wrong insert? I don't like it at all.

RELLA

IMO; in the Seated Dollar series both of the big boys of the industry let a lot of junk slip through on a lot of coins...if they didn't there wouldn't be a pop report for these coins because there just aren't all that many ORIGINAL ones left. Never buy these coins sight unseen "done deal".

RELLA

michael

from the scan i do not agree with the grade
it is for me overgraded

also it is dipped stripped white and has for me negative eye appeal

this is one ugly coin

sincerely michael

ER

Uglinest / beauty is in the eye of the beholder.

Baley

it is not the coin's fault that someone dipped it
(it has probably been "shined up" more than once in it's history, usually by a proud owner who sincerely wanted her to look her best)
it must not have abrasive-type hairlines, at least not too bad, or the great P would have bagged it.
I can see almost all the details, some luster remaining... AU53? i dont know, but no lower than 50 IMO.
what the poor thing needs is to be left alone for a decade or 2 in an album.