Chain Cent in PCGS MS 64

ANACONDA · July 22, 2003 8:38AM

First off, i'd like to say that it is really cool to be able to come here, ask a question and know that someone is going to know the answer, and for that, i thank each of every one of you who make up this board.

The second thing i'd like to say is that i missed this community these last 10 days while i was away.....

....and....does anyone know who is going to be auctioning off the Chain Cent in PCGS MS 64 and does any of you own it?

I saw it in an advert and can't remember who will be auctioning it off.

One more thing....did you see the Bowers catalog with all the color photos? Wowie, wow, wow! Neat for us, not too cool if you're a shareholder........

adrian

ColonialCoinUnion · July 22, 2003 8:50AM

American Numismatic Rarities.

WWW · July 22, 2003 8:54AM

Hey Adrian,
Let me be the first to welcome you back.

Bustman · July 22, 2003 8:58AM

Here it is.
Chain cent in 64

barberlover · July 22, 2003 9:12AM

Neat !!!

If they sold that on a 30 year mortgage I might bid.

Les

Dave99B · July 22, 2003 9:16AM

My ANACS G4 Chain is very close to that thing......they're both round.

Dave

berylcoin · July 22, 2003 9:34AM

How common are clash marks like those on Chain Cents? Awesome coin.

BC

BillJones · July 22, 2003 11:08AM

The clash marks do not appear on all Sheldon-3 (leaning "R", America) Chain Cents, but they appeared on enough of them to give the design the title "Liberty in chains" when these pieces were first issued. This is the most common of the four collectable Chain varieties. There is a 5th variety that is represented by an AU-50 coin and probably one, maybe two Basal State - 1 coins.

BigMoose · July 22, 2003 11:33AM

By the way, Adrian, this same S-3 was sold by Stacks in 1976 at the TAD sale as an XF-45 coin and the coin is listed in the Noyes census as sharpness-45/net grade-45, tied for 6th finest known of the variety. It last sold for $22,000.00 at the 1988 ANA Sale where it was graded as AU50/55. Now its in a 64 BN holder! Anyone want to guess what it is going to sell for this time around??

ColonialCoinUnion · July 22, 2003 11:41AM

<< <i>By the way, Adrian, this same S-3 was sold by Stacks in 1976 at the TAD sale as an XF-45 coin and the coin is listed in the Noyes census as sharpness-45/net grade-45, tied for 6th finest known of the variety. It last sold for $22,000.00 at the 1988 ANA Sale where it was graded as AU50/55. Now its in a 64 BN holder! Anyone want to guess what it is going to sell for this time around?? >>

$85K - I believe most people will think its overgraded. And dark. And too shiny.

BillJones · July 22, 2003 11:52AM

I thought that the coin had a rub below the ear, but I did not want to spoil the party.

As for grading, my Fine-15 Chain cent became a VF-30 when it was graded and my VF-35 Wreath Cent became an AU-55. That might explain why the prices in the VF and AU columns on the Gray Sheet seem to be too low. The answer is VF and AU don't mean what they used to mean. Therefore if you are an old fashioned grader, you will get hosed (or picked off) if you don't adjust to the new systems.

BigMoose · July 22, 2003 12:07PM

CCU and Bill Jones-- I agree completely. Commercial grading of early copper is about as loose as commercial grading of colonials these days.

ANACONDA · July 22, 2003 12:59PM

Thanks, CCU and Bustman for the info.

Hey WWW - thanks for the welcome back. It's good in many ways to be back.

So....$85,000. Sounds about right.

I will start a new thread on the grading of coppers. No offense intended...just an attempt by yours truly to seek answers and provoke.

adrian

MrEureka · July 22, 2003 1:39PM

$85,000. Sounds about right.

With CDN ask at 75K for MS60, how can 85K "sound right" for a 64?

ANACONDA · July 22, 2003 1:40PM

Remember, it has rub over the ear and used to be an XF. Don't pee in my ice cream.

MrEureka · July 22, 2003 1:42PM

Don't pee in my ice cream.

Don't pee in my ice cream?

ANACONDA · July 22, 2003 1:45PM

from the description:

"tiny spot of foreign material sits atop coin at sixth hair strand but is easily removable. "

Ah, yes, the easily removable foreign material. We've all seen the remnants of these......heavy pin scratching in the area of the formerly "easily removable" spot.

MrEureka · July 22, 2003 1:48PM

Well, if we're gonna have a pissin' contest, here goes! I'll bet anyone a beer that the coin will hammer at more than 85K. Any takers?

ANACONDA · July 22, 2003 1:51PM

Never bet on something in someone else's control.....but....just a beer? How about if you fly us to where we have it, my choice?

MrEureka · July 22, 2003 2:04PM

How about if you fly us to where we have it, my choice?

Provided that the coin is not withdrawn from the sale (gotta be careful when you bet with a snake attorney), how about the winner chooses the place, the airline and the class of the tickets, and the loser pays?

oreville · July 22, 2003 2:05PM

MrEureka: I wish I could offer an opinion on what I think the final bid price will be on this AU-64 Chain cent but unfortunately, I don't know.

ANACONDA · July 22, 2003 2:09PM

No, i was hoping to loose and pay for the beer while you fly us to the spot where we drink it.

Actually, anything (ethical) we can do to make the price low is what would please me.

MrEureka · July 22, 2003 2:10PM

Glad you passed. I didn't want to have to bid 86K for the thing, although a trip to Fiji would have been nice!

shylock · July 25, 2003 5:47AM

I'll guess 115K

lordmarcovan · July 25, 2003 7:54AM

I owned it for a while.

But then the alarm clock went off and I woke up.

MAULDEMALL · July 25, 2003 8:01AM

HAMMER PRICE: $100,000.00

northcoin · July 26, 2003 2:20AM

Does this mean I should have my SEGS XF graded Chain Cent sent off to NGC to get it into a MS holder now that NGC is grading coppers? Would you crack it out or just ask it to be crossed using the same standards this AU50 coin had applied to turn it into a MS64?