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Poll: Grade Revealed -- 1846 Seated Liberty Dollar -- PCGS AU-53

StuartStuart Posts: 9,761 ✭✭✭✭✭
I purchased this 1846 PCGS AU-53 Seated Liberty Dollar based on the photos and the dealer's discerning eye, and have not yet received the coin to view it in hand. However, I know that Original Seated Liberty Dollars in collector grades that have not been cleaned are getting harder to find. My target collecting grade for SLD's is mostly in the AU-55 to 58 grading range for a combination of affordability and eye appeal.

What attracted me to this specific coin are what appear to be original surfaces, strong strike, lots of remaining mint frost, golden gray luster, my belief that it is high-end for the grade with mimimal (no distracting) contact marks (looks AU-55 to me from the photos).

Several posters to this thread asked about the amount of remaining luster on this coin, understandably to estimate their grade (to decide between AU-50 to 58). Although I have not yet received the coin, the seller (Dave Olmstead of Alpine Coins) described the coin as follows:
"Very choice example. Original golden gray coin with lots of mint frost showing. Well struck and mark free."

With 77 grades posted, the astute forum members split their vote almost evenly with 65% voting between AU-55 (30%) and AU-58 (35%), 12% in the Mint State Range, and 23% grading it AU-53 or Lower as follows:
  • MS-64 1 (vote) 1.30 (%)
  • MS-63 3 (votes) 3.90 (%)
  • MS-62 3 (votes) 3.90 (%)
  • MS-61 2 (votes) 2.60 (%)
  • MS-60 0 (votes) 0.00 (%)
  • AU-58 27 (votes) 35.06 (%)
    AU-55 23 (votes) 29.87 (%)

  • AU-53 9 (votes) 11.69 (%)
    AU-50 6 (votes) 7.79 (%)

  • XF-45 1 (votes) 1.30 (%)
  • XF-40 or Lower :-( 2 (votes) 2.60 (%)
(Interestingly to me, only 12% graded the coin as did PCGS as AU-53).

1846 Seated Liberty Dollar -- PCGS AU-53
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Stuart

Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal

"Luck is what happens when Preparation meets Opportunity"

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