Gold Sticker Quarter Eagle on Heritage

earlyAurum

What are some of your thoughts on this quarter eagle? If it were to upgrade, what would it be graded at 58 or higher or is it technically a 55 but just has great eye appeal? Is this coin really all that?

Thanks for your comments,
earlyAurum

RYK

All I can say is that the photos are not very good, and the coin is in a "Rattler" holder.

kryptonitecomics

The attachments don't seem to work for me???

ricko

Links do not work.... Cheers, RickO

Staircoins

Link to coin at Heritage

Typical Heritage pics...

Probably a nice coin, but hard to tell from the photos. Would need to see in hand.

coinguy1

Even if we accept the premise that generally, grading is more liberal than it used to be, it would be quite a stretch for a coin that previously graded AU55, to grade MS60 or higher today.

Justacommeman

I'm guessing they feel it's a point and half undergraded or a 58.5ish....a PQ 58.

So if I got it right it would probably get a green sticker in a 58 holder....

Looks like it could be a sweet coin. That picture does it no favors.

Mark, how much is that coin in 55 as compared to PQ 58 for arguements sake?

MJ

coinguy1

<< <i>I'm guessing they feel it's a point and half undergraded or a 58.5ish....a PQ 58.

So if I got it right it would probably get a green sticker in a 58 holder....

Looks like it could be a sweet coin. That picture does it no favors.

Mark, how much is that coin in 55 as compared to PQ 58 for arguements sake?

MJ >>

Without actually checking prices realized, I would guess somewhere between $5000 and $10,000. Sorry for the wide price-range.

Edited to add: My $5000 to $10,000 difference in value estimate above was based on an AU58 vs. an AU55. But since you asked about a PQ58, I'd guess at a value difference of roughly $10,000.

jhdfla

<< <i>

<< <i>I'm guessing they feel it's a point and half undergraded or a 58.5ish....a PQ 58.

So if I got it right it would probably get a green sticker in a 58 holder....

Looks like it could be a sweet coin. That picture does it no favors.

Mark, how much is that coin in 55 as compared to PQ 58 for arguements sake?

MJ >>

Without actually checking prices realized, I would guess somewhere between $5000 and $10,000. Sorry for the wide price-range. >>



Current bid is at 18.4K w/juice.

Have not seen the coin, but based on the pics, it looks like the coin has great color for early gold, much of which has been dipped to death, which may be one reason for such a high bid already. Also the gold CAC sticker I'm sure has something to do with it, but a gold sticker on a 55 coin indicates to me at least a 58, but I'm kind of doubting much higher than that. The kind of premium dictated by a gold sticker on a 64 coin would be more impressive to me than on a 55. Again, not having seen the coin it's kinda hard to say, but I'm sure it's a very cool early gold coin. Edited to add, I'm sure this coin will fetch well over 20K.

john

BigRick

earlyAurum

Thanks for all the comments and help with imbedding the images. This does appear to be a cool unmessed coin. How much it will fetch will be interesting. It is already bid up pretty high. As a benchmark, the Ed Price coin which was a CAC AU58 went for 29.9K all in. That was the top of the market for a very cool collection. I would be surprised if this coin surpasses that amount. BTW, I am not bidding on this coin.

Thank again,
earlyAurum

Barndog

<< <i>Even if we accept the premise that generally, grading is more liberal than it used to be, it would be quite a stretch for a coin that previously graded AU55, to grade MS60 or higher today. >>



it would be a stretch, but it does happen

STONE

Is anyone else not able to see pics on Heritage right now?

Barndog

<< <i>Is anyone else not able to see pics on Heritage right now? >>



images.ha.com doesn't want to connect for any listings.

coinguy1

<< <i>

<< <i>Even if we accept the premise that generally, grading is more liberal than it used to be, it would be quite a stretch for a coin that previously graded AU55, to grade MS60 or higher today. >>



it would be a stretch, but it does happen >>

Yes, it does. That's why I didn't say it would be an unheard of stretch

swhuck

<< <i>

<< <i>Is anyone else not able to see pics on Heritage right now? >>



images.ha.com doesn't want to connect for any listings. >>



We're working on it. We never had a problem seeing the images from the Heritage network, which makes these things really tough to diagnose. However, two of us confirmed the same problem when we went to our I-Phones and looked at the site.

earlyAurum

Just a follow up on this coin. It looks like it was purchased by a very well know dealer known for misspelling. It is now listed for over 37K having upgraded from a 55 with a gold sticker to a 58 with a green bean. I really liked this coin but I feel that it is priced very aggressively. I also feel that it has lost some charm because it is no longer in the old holder.

Thoughts?
Thanks

coinguy1

<< <i>Just a follow up on this coin. It looks like it was purchased by a very well know dealer known for misspelling. It is now listed for over 37K having upgraded from a 55 with a gold sticker to a 58 with a green bean. I really liked this coin but I feel that it is priced very aggressively. I also feel that it has lost some charm because it is no longer in the old holder.

Thoughts?
Thanks >>

You seem to be focusing on the holder and not the coin. It was, and still is a very nice coin - it hasn't changed and is no less charming now. Also, it brought $33,500 in the sale, so the current asking price of $37,500 doesn't represent a vary large % mark-up over cost.

earlyAurum

I agree with you that the coin is a very nice one. I guess that as someone who is a newbie, I am just still not used to all of the gaming that goes on with coins in terms of cracking out and resubmitting, cac stickering and cloaking that some dealers do. It presents a dimension to coin collecting that takes time to understand. I just have to accept it as part of the game. I does present a real learning curve full of risk both to the upside but mainly downside for someone like me.

The price of 33k paid at auction was a record even for the new 58 grade. The buyer was probably hoping for a 61. I agree with you that the premium over the auction price is very reasonable.

Thanks,
earlyAurum

joebb21

while know 2 coins are 100% equal, that price they are asking is what the auctions are showing for ms61...

then again remember- the dealer payed the highest price for that specific coin ever for that date grade (au58 grade) (short of the ed price one in 2008)

also keep in mind it is cac'ed

I love the coin- and I was outbid on it in the live auction.

still love the coin- but wouldnt pay that money for it.

earlyAurum

I too would not pay that price for the coin even though I like it a lot. The opportunity will return as it is not a key in the series in fact it is the least rare after the 1807. Wasn't the Ed Price coin CAC'ed too?

DarkStar

What is interesting to me is that Legend thought it would be more marketable in a green CAC 58 holder than in a gold CAC OGH 55.

RYK

<< <i>What is interesting to me is that Legend thought it would be more marketable in a green CAC 58 holder than in a gold CAC OGH 55. >>



My personal opinion is that a gold sticker in one grade lower is more attractive than the green sticker at the higher grade. The green sticker implies that your grade upside is capped, while with the gold sticker, the sky is the limit. (Not exactly, but I think you get the drift.)

ColonialCoinUnion

<< <i>What is interesting to me is that Legend thought it would be more marketable in a green CAC 58 holder than in a gold CAC OGH 55. >>



Are you sure Legend bought the coin directly from the auction, and that they are the ones who resubmitted it?

earlyAurum

Nobody can be sure who bought the coin. It could have been another dealer or some collector. That is just part of the game.

mozin

Here we have another case where CAC did what it was designed to do; it got a coin into a holder with the correct grading label. To top it off, CAC still said it was in the upper part of the new grade, by giving it the green bean.

Sure would be nice to be able to afford just one coin like this one being discussed.

ColonialCoinUnion

<< <i>Here we have another case where CAC did what it was designed to do; it got a coin into a holder with the correct grading label. >>



Actually, I would have hoped that the presence of the gold sticker would have compelled someone to leave that coin in its old rattler holder.

I can't see any benefit to moving it from a gold stickered 55 rattler to a green stickered 58 new holder, other than the fact that it will no longer rattle.

I would also suggest that any coin that looks this good in a rattler holder would have sold for a significant premium with or without a sticker on it, and then someone probably would have either cracked it out resubmitted it eventually, where it would have upgraded. Just as it did.

PerryHall

I wonder how many times they had to resubmit it to get the downgrade.