!!!!!!!!!SOLD FOR $3,000 !!!!!!!!!

littlejohn

hi
i got this coin in a order today,its been a great day.
i got in two order in one day wow!!
one from pcgs(6 coins)all gold & and 3 more coins from anacs.
any way back to what i need help about.
i need to know ,what this coin would be worth if it was for sell. which
it is not.
how much dose the net grading ,lower the worth of this coin,or any other for that mather.????????????




littlejohn

RYK

ANACS net-graded coins are always difficult to value, and sometimes net graded coins sell for much more than I expect. My WAG is somewhere between $1000 and $2000.

littlejohn

i did not know anything about net grading. i send it to pcgs first,and thay gave it a altered surface.
but i was wanted to know what it would sell for and how much it was going to hurt the price on it.
littlejohn

Louis

Neat coin, I love Southern gold.

lordmarcovan

The first two pics aren't displaying for me- all I see is the dreaded "red-X-of-death".

Ah- never mind- they're showing now.

Nice coin. It would be neat if you could figure out which shipwreck it was "sea-salvaged" from. While that certainly counts as a "problem", hence the net grade from ANACS, I would not call it as bad a problem as most others- it's a more of a technicality. The sea-salvage only counts as a minor detraction in my book, and if one had the history of the shipwreck, the added historical interest would almost compensate for the technical problem.

I like it, net-graded or not.

It's difficult to put a value on such a piece, as RYK mentioned, but it would certainly be worth a little more if one could produce documentation tying it to a famous wreck like the SS Central America or SS Republic.

pharmer

Nice pictures, littlejohn.

DaveG

It is hard to say how much a net-graded coin might sell for - it really depends on how the coin looks in hand.

Gray Sheet Bid for the coin is $1500. Some collectors might pay that or more for the coin because they get more "coin for the money" and aren't bothered by the look of the coin, others would rather have an "honest" XF-40 or XF-45 with original surfaces and wouldn't be interested in the coin at any price.

You might want to look through the Heritage archives to see how other net-graded coins have fared (compared to Bid).

Also, board member Dahlonega might be able to give you a more educated answer.

100proof1957

Odd !

Almost certainly from the SS Republic and not the Central America.

I base this opinion on the fact the CA sailed from Panama in 1857.with mostly CAL gold,how do we get an 1845 O in AU50 salvage from the CA ?

Republic is more likely but i also doubt that.

Republic is still being salvaged by Odyessy and coins are going to NCS and NGC,this coin ends up at ANACS
with no pedigree ?

Was it found on a riverbank near NO ? Likely,gold does not corrode in salt or fresh water.

Ship wreck gold ? Nope !

littlejohn

hi
i don't know where it was found at,i got it off of ebay.
its not just a 1845-o . its also a breen 6869,doubled date.
i am going to email the seller,when i found the info. on that auction.
it was in a segs holder as a 1845 -0 doubled date au.50
littlejohn

littlejohn

ttt

RYK

I would be 99% certain that it is not SS Republic. There are many sea water gold coins around that are not from the "Big Three" shipwrecks (Brother Jonathon, SS Central America, and SS Republic).

Longacre

I thought that seawater coins can get into slabs for the other grading services and not net graded. I believe there are three different varieties of the 1845-O-- (1) normal date (supposely the most common), (2) repunched 84 (with two mintmark positons: a) above the EN in TEN and b) above the N in TEN), and (3) doubled date (actually large date over small date) and the first stripe in second pair of stripes is broken away at the top (supposedly Var. 3 is rare).

kieferscoins

<< <i>I thought that seawater coins can get into slabs for the other grading services and not net graded >>



Maybe, maybe not. Then again, there is nothing saying this coin was from one of the three big ships as mentioned above and conserved by NCS.

Cameron Kiefer

littlejohn

and the first stripe in second pair of stripes is broken away at the top (supposedly Var. 3 is rare).
======================
it has this missing stripes.
littlejohn

littlejohn

one last try,anymore info. on net grading????
ttt
littlejohn

kieferscoins

Net grading can only be understood by the ANACS graders.

It can be confusing at times.

Cameron Kiefer

Regulated

The coin is definitely not from the Republic, the Central America or Br. Jonathan. I think that there was a military payment that was lost during the third Seminole War (around 1855). Apparently, a cask containing the army's pay fell out of a small boat as it was being rowed ashore. Most of the material was in the form of Half Eagles and Eagles from the Southern Mints. Just a guess.

Baley

ANACS gave it UNC details, net AU50. Obviously, they thought the damage done by the sea was "worth" about 10 or 12 points. If the damage had been lighter, they would have given the opinion of net AU55. If it had been heavier, they would have netted the coin (in their opinion) down to EF or even lower.

I personally think it's a heck of a lot of coin at an AU50 price considering an MS60 coin (which probably isn't as attractive as this piece) will set you back $20K.

I imagine the coin would bring about $2000 at auction.

littlejohn

I imagine the coin would bring about $2000 at auction.
======================================
thank for the good info.
i also saw at pcgs population report.
PCGS No Date Den Variety Desig VG-VF 40 45 50 53 55 58 60 61 62
8592 1845 $10 MS 12 17 9 9 2 6 1 0 0 1 0 0 0 0 57
8593 1845-O $10 MS 20 25 21 24 12 5 4 0 1 0 0 0 0 0 112
88593 1845-O $10 Repunched Date MS 1 1 2 0 0 0 0 0 0 0 0 0 0 0

that only 4 coins in any grade at pcgs with the Repunched Date like my,to bad its not in a pcgs slab.
and thar is no price for a Repunched Date in the price guide at all.
littlejohn
a 1945-o plan is worth $6,500
but what is one like this worth.the best Repunched Date at pcgs is a ef 45.

littlejohn

see what a plain 1845-0 sold for -----
Sep 5, 2004 1845O PCGS 58
Good luster. Well struck. Fields and devices exhibit many minute tics, taps and scuffs. http://www.teletrade.com/coins/lot.asp?auction=1931&lot=2196

sold for 7,400 and it dose not look much better than my coin.?????

RYK

that only 4 coins in any grade at pcgs with the Repunched Date like my,to bad its not in a pcgs slab.

see what a plain 1845-0 sold for -----

Amongst those who collect Liberty eagles or Liberty New Orleans eagles (all six of us), nobody really cares much about these varieties. The only varieties which people do collect are the 54-O (small date and large date--naked eye varieties) and maybe MAYBE the 46 and 46/5 (almost naked eye varities).

ziggy29

I think Baley answered your question about "net grading" just fine, but personally I think whacking it all the way down to AU-50 "net" is a bit harsh, especially given the *huge* jump in value from AU-50 to MS-60. As much as I like the net grading concept sometimes, in THIS case I think I'd rather have it in an ungraded NCS slab which at least declares it "authentic" and let the market decide if this is worth a downgrade all the way to AU-50 money.

msch1man

<< <i>I personally think it's a heck of a lot of coin at an AU50 price considering an MS60 coin (which probably isn't as attractive as this piece) will set you back $20K.

I imagine the coin would bring about $2000 at auction. >>



I agree with Baley. Based on the pics, it appears to be a very attractive coin despite the "altered surfaces"...I like it.

I've got a question on this...after NCS "conserves" one of these shipwreck coins, when it is graded by NGC, does the NGC holder indicate that it was a shipwreck/conserved coin in any way?

littlejohn

i like it to. msch1man
to bad i can't get it in a pcgs slab.
littlejohn

kieferscoins

Like the coin and not the slab. Forget what slab it is in and appreciate the coin. I like the coin also

Cameron Kiefer

littlejohn

thank Cameron Kiefer

that means a lot.!!
i read here,a lot more than i write. so i know your pretty good with coins.
littlejohn

DaveG

I checked my copy of Winter's New Orleans Mint Gold Coins and, although he doesn't say anything generally about "seawater" O-mint coins, he does say this in the page on the 1844-O eagle (which is about as uncommon as the 1845-O): "A small hoard of 'seawater' pieces exist. These have Mint State sharpness but their surfaces are mattelike due to exposure to salt water. Such coins should be valued at the Extremely Fine level."

He also mentions a group of 1843-O eagles that were salvaged from a sunken ship, also with Mint State sharpness and mattelike surfaces, but doesn't provide any pricing suggestions.

Also, when I was at the Baltimore show a couple of weeks ago, I met a dealer who was offering an 1845-O eagle in a PCGS XF-45 slab marked "Repunched Date". He was offering it for a multiple of Bid (perhaps 5x?). I passed on it.

littlejohn

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=3948595990&ssPageName=STRK:MESO:IT
on ebay today, look above

HI
IT SOLD FOR $3,000 THUR A BUY IT NOW
LITTLEJOHN

littlejohn

TTT

dthigpen

Congratulations on the sale

littlejohn

THANK YOU,I HAD A $5,000 BUY IT NOW,AND AT THE LAST MIN.I CHANGE IT TO $3,000 BUY IT NOW.!!!!!!!!!!!!!!!!!!!!!!!!!!!
LITTLEJOHN

DaveG

Congratulations on the sale.

Obviously, someone thought they were getting a bargain. (Maybe more people pay attention to these varieties than RYK or I think!)

If I'm not mistaken, Centsles is reasonably well known around the boards, although I don't think he's a member.

littlejohn

ttt

RYK

TTTing this thread is very gauche. I hope their check is good.

klorineforbrains

Is TTT the same as a bump?

dthigpen

<< <i>Is TTT the same as a bump? >>



Yes.

+1

RYK

Everyone who cares to has already read this informative thread.

sinin1

keep an eye open


it will be for sale again on eBay within a few months

probably in another slab -