GTG: Mexico 4R newp (Grade Revealed!)

marcmoish

A totally neat newp - really nice in hand - photo is pretty much accurate - for the lazy Sunday folks GTG

Zohar

64 ?

bidask

<< <i>64 ? >>

i agree and nice coin.

TwoKopeiki

I'll go with a 63 simply because CoinFacts image focuses on bringing out the colour and the coin often has more surface hairlines that can be seen on the image.

marcmoish

great guesses - this is gonna be fun.

TwoKopeiki

<< <i>great guesses - this is gonna be fun. >>



Don't tell me they slapped you with an AU grade?

MilkmanDan

I'll take the Price-is-right bid approach and call it 58!

lordmarcovan

63+

(WAG)

pruebas

Nice coin! Guanajuato 4Rs are the most common in high grade, followed by Zacatecas and Potosi.

The dies were very shallow on these, and they were usually weakly struck to lessen die wear.

The services tend not to do a good job grading these. I'll go with AU58.

Any MS64 4R would be a prize. Even a common-date MS63 would be scarce and at least a $600 coin.

dizzlecc

If they grade 4 Reales the way they grade 8 Reales this could be fun. The coin has good eye appeal and clean fields, I want to say ms 63.

I'll guess it graded AU-55, due to the soft center strike and luster subdued by the toning.

Cocoinut

I like it - a lot! A tad weak on the high points on both sides, but other than a few insignificant marks on the reverse, very clean and lustrous otherwise. I'm going higher than anyone else so far with a 65+.

Jim

pruebas

For what it's worth, PCGS has never graded a MS65 or above Republic 4R, and has only graded a single specimen MS64. NGC has graded four MS64s and none higher.

I think I'll switch my guess to AU55 due to marks hidden by the toning. An AU55 is still a great 4R!

marcmoish

Don't tell me they slapped you with an AU grade?


they did - its in a PCGS AU53 holder no less!

In hand it is a beautiful example - looks and feels 63 easily - I totally can see why anyone would guess 64 (hey Jim - luv u for the 65 lol! not that off really..)

Those that guessed in 50's well what can I say. I still don't feel it belongs in a 53 holder regardless but heck I love an undergraded gem!

coinkat

I suppose my observations are late-

These are deceptive and a challenge to grade. Take a good look at the Eagle, the high spots and the breast feathers. No matter how talented one is at grading, knowing and appreciating what these look like is the key.

coinpictures

Ahh yes, the elusive AU64 grade. I would easily have guessed mint state. Even assuming there is some actual wear, 53 seems unduly harsh. 58 at worst. 53 on coins of this era shows wear all over the place.

This ain't a 53.

CIVITAS

The services do this all the time with cap and ray Mexican and it drives me crazy. They "market grade" for strike, so even though you have a mint state coin, if it's flatly struck, you will frequently get AU grades. We once had a mint state 1860s Oaxaca 8R come back XF-45 from ATS. These are ALWAYS miserably struck and rarely have much detail in the centers. I figure the TPGs should let the market decide how to value a flatly struck coin.

coinkat

well written- AGREED

MrEureka

The services do this all the time with cap and ray Mexican and it drives me crazy. They "market grade" for strike, so even though you have a mint state coin, if it's flatly struck, you will frequently get AU grades.

If a TPG "market grades" an MS US coin down to XF or AU, I can usually live with it, because I figure the graders know enough about US coins to know which coins exist with a full strike and which do not, and this is taken into consideration when net grading. In other words, the TPG has made an well-informed decision, and I respect that. (Not that I always agree!) I am not as comfortable when world coins are net graded for strike, because the graders don't seem to have the same level of expertise with respect to world coins. Unfortunately, there are no easy solutions to the problem.

marcmoish

Solid informative comments and observations here... sure glad I posted this one.