Ngc 62s can look a little satiny but I'm sure you will be happy. This is one of the more common varities of the 1849, I like how strong the reverse is on this one. It looks like it was struck from a die which was not relapped. If you haven't bought qdbs gold dollar book yet you need to do that. I would have bought that coin too fir what you paid.
I think you got a great deal!! First, I was the underbidder on that coin and I really did not even need it since I have one. Second, that exact coin just sold at Heritage CSNS auction 2 weeks ago for $632, look it up. I viewed the coin in person while at the show and was impressed by the nice stike and luster. I cannot figure out why someone would pay $632 for it and sell it 2 weeks later for $424 less ebay fees. What a bath they took.
<< <i>I think you got a great deal!! First, I was the underbidder on that coin and I really did not even need it since I have one. Second, that exact coin just sold at Heritage CSNS auction 2 weeks ago for $632, look it up. I viewed the coin in person while at the show and was impressed by the nice stike and luster. I cannot figure out why someone would pay $632 for it and sell it 2 weeks later for $424 less ebay fees. What a bath they took. >>
Really? Wow. It was a no reserve auction. Poor guy.
Here is the link. Thanks for making my day! HA Link
I think his mistake was a 3 day auction. I am doing a type set of dollar coins. All I need to complete it are a with motto seated dollar and a T2 and T3 gold dollar. I have all the hard stuff, Gobrecht, Flowing Hair etc...
Well, all I can say is you got a real beauty there. Thats just the "perfect" old original color, and a sharp strike to top it off!
Since you got a first year example, Id suggest you go for an 1854 Type 2, and an 1856 Type 3, just to keep things "first year". The 1856, if you can locate one, try to get the upright 5 variety. It MUCH more scarce than the slanted 5, but dosent carry a hefty premium. If you really want to do the gold dollar types complete, get yourself an 1849 No L. Thats the very first gold dollar struck, on May 8 1849 and has a distinctive 'small head' look, and the bust is a higher relief. Pretty soon into the coining process, it was obvious that the original design needed a change. There were two reverse dies prepared, and both cracked, probably due to the stesses put on it since the obverse was a more concave (convex die) surface than all the gold dollars struck afterwards. Not really totally recognized at present as a different type, for type set purposes...... but when you compare them to the 'regular' 1849, they sure look different~ Mintage estimates are traditionally 1000 pieces, however QDB in his wisdom has suggested the true quantity is closer to 10 thousand. No accurate records were kept for the various types of 1849's that were struck at Philadelphia that year.
<< <i>I think you got a great deal!! First, I was the underbidder on that coin and I really did not even need it since I have one. Second, that exact coin just sold at Heritage CSNS auction 2 weeks ago for $632, look it up. I viewed the coin in person while at the show and was impressed by the nice stike and luster. I cannot figure out why someone would pay $632 for it and sell it 2 weeks later for $424 less ebay fees. What a bath they took. >>
Really? Wow. It was a no reserve auction. Poor guy.
Here is the link. Thanks for making my day! HA Link >>
Did a little digging and he sold this 1897 $20 Gold Liberty NGC ms62 on Ebay, after buying it 10 days earlier on Heritage.. With all the fees and buyer premium I would say he took a hosing on this transaction too.
Comments
My Early Large Cents
<< <i>Ngc 62s can look a little satiny but I'm sure you will be happy. >>
But this was a PCGS?
My Early Large Cents
<< <i>I think you got a great deal!! First, I was the underbidder on that coin and I really did not even need it since I have one. Second, that exact coin just sold at Heritage CSNS auction 2 weeks ago for $632, look it up. I viewed the coin in person while at the show and was impressed by the nice stike and luster. I cannot figure out why someone would pay $632 for it and sell it 2 weeks later for $424 less ebay fees. What a bath they took. >>
Really? Wow. It was a no reserve auction. Poor guy.
Here is the link. Thanks for making my day!
HA Link
My Early Large Cents
You did really good for a pcgs coin.
It is amazing how sometimes people will take a bone stupid loss. Whats the point??
One can have quite a collection in Gold dollars just specializing in the 1849's!!!
enjoy!
My Early Large Cents
Since you got a first year example, Id suggest you go for an 1854 Type 2, and an 1856 Type 3, just to keep things "first year". The 1856, if you can locate one, try to get the upright 5 variety. It MUCH more scarce than the slanted 5, but dosent carry a hefty premium. If you really want to do the gold dollar types complete, get yourself an 1849 No L. Thats the very first gold dollar struck, on May 8 1849 and has a distinctive 'small head' look, and the bust is a higher relief. Pretty soon into the coining process, it was obvious that the original design needed a change. There were two reverse dies prepared, and both cracked, probably due to the stesses put on it since the obverse was a more concave (convex die) surface than all the gold dollars struck afterwards. Not really totally recognized at present as a different type, for type set purposes...... but when you compare them to the 'regular' 1849, they sure look different~ Mintage estimates are traditionally 1000 pieces, however QDB in his wisdom has suggested the true quantity is closer to 10 thousand. No accurate records were kept for the various types of 1849's that were struck at Philadelphia that year.
Sweet Pickup again.
My Early Large Cents
Nice coin by the way!
<< <i>
<< <i>I think you got a great deal!! First, I was the underbidder on that coin and I really did not even need it since I have one. Second, that exact coin just sold at Heritage CSNS auction 2 weeks ago for $632, look it up. I viewed the coin in person while at the show and was impressed by the nice stike and luster. I cannot figure out why someone would pay $632 for it and sell it 2 weeks later for $424 less ebay fees. What a bath they took. >>
Really? Wow. It was a no reserve auction. Poor guy.
Here is the link. Thanks for making my day!
HA Link >>
Did a little digging and he sold this 1897 $20 Gold Liberty NGC ms62 on Ebay, after buying it 10 days earlier on Heritage.. With all the fees and buyer premium I would say he took a hosing on this transaction too.
Nice pick up btw !
My Early Large Cents
Regarding the seller's loss: He must have been thinking 63 when bidding on Heritage?