The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
Does either have CAC? Or do both?
Neither piece has a CAC sticker. I bought the second one before CAC existed.
Well, I knew that was coming
I have really no basis since I know zero about the series. I just know that if my modern coins had hits of that size they would be body bagged but then again. Maybe I have learned something here and 62 is correct.
Older and special coins gets breaks, to what extent I'm not sure.
A dealer recently offered me a beautifully toned $10 Indian in an older PCGS graded 64 and only asking guide. Gorgeous coin until I put it under the loupe and saw a gash on the cheek. I just couldn't get over it and walked but now I wonder.
The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
Does either have CAC? Or do both?
Neither piece has a CAC sticker. I bought the second one before CAC existed.
Well, I knew that was coming
I have really no basis since I know zero about the series. I just know that if my modern coins had hits of that size they would be body bagged but then again. Maybe I have learned something here and 62 is correct.
You should have seen one of the 1796 No Stars Quarter Eagles I saw in Baltimore in an AU-58 holder. It was beat to crap. Dealers all over the floor were talking about it, but the asking price was still $175,000.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
Does either have CAC? Or do both?
Neither piece has a CAC sticker. I bought the second one before CAC existed.
Well, I knew that was coming
I have really no basis since I know zero about the series. I just know that if my modern coins had hits of that size they would be body bagged but then again. Maybe I have learned something here and 62 is correct.
You should have seen one of the 1796 No Stars Quarter Eagles I saw in Baltimore in an AU-58 holder. It was beat to crap. Dealers all over the floor were talking about it, but the asking price was still $175,000.
The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
Does either have CAC? Or do both?
Neither piece has a CAC sticker. I bought the second one before CAC existed.
Well, I knew that was coming
I have really no basis since I know zero about the series. I just know that if my modern coins had hits of that size they would be body bagged but then again. Maybe I have learned something here and 62 is correct.
You should have seen one of the 1796 No Stars Quarter Eagles I saw in Baltimore in an AU-58 holder. It was beat to crap. Dealers all over the floor were talking about it, but the asking price was still $175,000.
Did it sell?
Probably not there, but if it sold somewhere, it would have been over $100,000. This is the #1 U.S. type coin with less than 100 known in all grades.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
Does either have CAC? Or do both?
Neither piece has a CAC sticker. I bought the second one before CAC existed.
Well, I knew that was coming
I have really no basis since I know zero about the series. I just know that if my modern coins had hits of that size they would be body bagged but then again. Maybe I have learned something here and 62 is correct.
You should have seen one of the 1796 No Stars Quarter Eagles I saw in Baltimore in an AU-58 holder. It was beat to crap. Dealers all over the floor were talking about it, but the asking price was still $175,000.
Did it sell?
Probably not there, but if it sold somewhere, it would have been over $100,000. This is the #1 U.S. type coin with less than 100 known in all grades.
And I graded it details 😂 PCGS isn’t ready for me just yet…
Son of a nutcracker, this place can sure spin out on this subject (ad nauseum).
Here's my take then...
Coin collectors are a bit paranoid.
Spending crazy amounts of cash and all the while wondering... did I just make a huge mistake???
PCGS/cac sooth the anxiety.
The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
Does either have CAC? Or do both?
Neither piece has a CAC sticker. I bought the second one before CAC existed.
Well, I knew that was coming
I have really no basis since I know zero about the series. I just know that if my modern coins had hits of that size they would be body bagged but then again. Maybe I have learned something here and 62 is correct.
You should have seen one of the 1796 No Stars Quarter Eagles I saw in Baltimore in an AU-58 holder. It was beat to crap. Dealers all over the floor were talking about it, but the asking price was still $175,000.
Did it sell?
Probably not there, but if it sold somewhere, it would have been over $100,000. This is the #1 U.S. type coin with less than 100 known in all grades.
And I graded it details 😂 PCGS isn’t ready for me just yet…
But maybe CACG is, from some of the posts I’ve read….
@jayPem said:
Son of a nutcracker, this place can sure spin out on this subject (ad nauseum).
Here's my take then...
Coin collectors are a bit paranoid.
Spending crazy amounts of cash and all the while wondering... did I just make a huge mistake???
PCGS/cac sooth the anxiety.
The problem is either finding the coins you need with that combination, or in my and perhaps other older collectors situations, we bought many of our coins pre-CAC, and back when the services were viewed more evenly.
I should have embraced CAC sooner I guess, and sent in what I had, and taken my lumps.
At this point, I guess I’ll just enjoy them as they are, and someday I’ll let Ian or whoever decide what should try to be crossed, CAC’d, etc. before auction.
The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
Does either have CAC? Or do both?
Neither piece has a CAC sticker. I bought the second one before CAC existed.
Well, I knew that was coming
I have really no basis since I know zero about the series. I just know that if my modern coins had hits of that size they would be body bagged but then again. Maybe I have learned something here and 62 is correct.
You should have seen one of the 1796 No Stars Quarter Eagles I saw in Baltimore in an AU-58 holder. It was beat to crap. Dealers all over the floor were talking about it, but the asking price was still $175,000.
Did it sell?
Probably not there, but if it sold somewhere, it would have been over $100,000. This is the #1 U.S. type coin with less than 100 known in all grades.
And I graded it details 😂 PCGS isn’t ready for me just yet…
But maybe CACG is, from some of the posts I’ve read….
I have yet to use my CACG membership but am considering sending them some that I had planned sending back for reconsideration. Is there an upside to having the same grade in CACG? Assuming they would only cross.
Seems like having the PCGS + would be better but I haven't been paying attention as much.
@BillJones said:
The perception is PCGS graded pieces are always better.
The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
The second coin looks nicer but it’s very difficult comparing a Heritage glamour shot to a slab shot which I assume you took with a more natural lighting.
The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
Does either have CAC? Or do both?
Neither piece has a CAC sticker. I bought the second one before CAC existed.
Well, I knew that was coming
I have really no basis since I know zero about the series. I just know that if my modern coins had hits of that size they would be body bagged but then again. Maybe I have learned something here and 62 is correct.
You should have seen one of the 1796 No Stars Quarter Eagles I saw in Baltimore in an AU-58 holder. It was beat to crap. Dealers all over the floor were talking about it, but the asking price was still $175,000.
Did it sell?
Probably not there, but if it sold somewhere, it would have been over $100,000. This is the #1 U.S. type coin with less than 100 known in all grades.
And I graded it details 😂 PCGS isn’t ready for me just yet…
But maybe CACG is, from some of the posts I’ve read….
I have yet to use my CACG membership but am considering sending them some that I had planned sending back for reconsideration. Is there an upside to having the same grade in CACG? Assuming they would only cross.
Seems like having the PCGS + would be better but I haven't been paying attention as much.
Sorry, I meant as a grader....from what I heard, some decent straight grade coins were getting Details holders at CACG....
The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
Does either have CAC? Or do both?
Neither piece has a CAC sticker. I bought the second one before CAC existed.
Well, I knew that was coming
I have really no basis since I know zero about the series. I just know that if my modern coins had hits of that size they would be body bagged but then again. Maybe I have learned something here and 62 is correct.
You should have seen one of the 1796 No Stars Quarter Eagles I saw in Baltimore in an AU-58 holder. It was beat to crap. Dealers all over the floor were talking about it, but the asking price was still $175,000.
Did it sell?
Probably not there, but if it sold somewhere, it would have been over $100,000. This is the #1 U.S. type coin with less than 100 known in all grades.
And I graded it details 😂 PCGS isn’t ready for me just yet…
But maybe CACG is, from some of the posts I’ve read….
I have yet to use my CACG membership but am considering sending them some that I had planned sending back for reconsideration. Is there an upside to having the same grade in CACG? Assuming they would only cross.
Seems like having the PCGS + would be better but I haven't been paying attention as much.
Sorry, I meant as a grader....from what I heard, some decent straight grade coins were getting Details holders at CACG....
Yea, I got it I don't think they're gonna pay enough though...Details, yikes! I would only send them my very best - that would hurt.
@BillJones said:
The perception is PCGS graded pieces are always better.
The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
The second coin looks nicer but it’s very difficult comparing a Heritage glamour shot to a slab shot which I assume you took with a more natural lighting.
Here the "glamour shots" of the second coin. It has been sold at auction at least three times.
Heritage
Stacks Bowers
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
The first 1796 No Stars Quarter Eagle is a PCGS graded MS-62. Heritage recently auctioned it for close to $500,000 including the buyers’ fee.
The second piece is an NGC graded MS-62. I doubt that the second piece would sell for as much because it’s NGC graded even though I think that it is nicer. This piece is rated as tied for the eighth finest known on the PCGS Coin Facts site.
Heritage called it the 11th finest known with the first piece rated higher.
Does either have CAC? Or do both?
Neither piece has a CAC sticker. I bought the second one before CAC existed.
Well, I knew that was coming
I have really no basis since I know zero about the series. I just know that if my modern coins had hits of that size they would be body bagged but then again. Maybe I have learned something here and 62 is correct.
Classic coinage, especially gold classic coinage struck on a screw press over 200 years ago, cannot logically be held to the same standards as modern silver/clad coinage with populations in the millions. Gold is soft, minting techniques were primitive at best, and the fact that the coin in question looks the way it does now is nothing short of a miracle.
@stevepk said:
Why does everyone put so much emphasis on what company certifies a coin? As a collector, I know how to grade and buy slabbed coins for re-assurance that they are genuine and unaltered. I also like the fact certified coins are easier to sell. Some counterfeits are very well done and can potentially deceive an experienced collector. All three top tier grading services are known for exceptional counterfeit detection. I can look at a coin and determine for myself if it is worthy of the grade. Collectors and dealers will occasionally disagree with assigned grades by all of the top tier graders. With that being said, why is a coin sometimes worth more or less depending on whether it is certified by PCGS, NGC, or ANACS? I often see coins in NGC MS64 holders that look better than PCGS MS65 holders and ANACS MS62 holders that look better than PCGS or NGC MS63 holders. Why do some guides list different values for the same coin in different holders?
I think the whole existence of TPG's in the first place was for greasing the wheel of Internet coin transactions and a lot of folks wanted "IN" on the game. Over the years, a few of these companies (noted) have emerged as being the most consistent in the marketplace but they're not without mistakes or rough-patches of inconsistency. Also over this time, my eye has become a bit more refined... to the point where I'm now able to [mostly] buy the coin. I've bought certified coins in ANACS, NGC, and PCGS mostly... but I've also bought accurately graded coins from PCI and ICG. And, if we're talking bullion pieces, I've even bought SEGS graded coins.
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
As a point of reference, here are auction photos of the finest known 1796 No Stars Quarter Eagle. This piece is PCGS graded MS-65. I think it sold for something like $1.8 millon. The cropped photos are mine from the slab. There are probably better ones on the Internet.
Here are the Heritage close-ups.
When you are dealing with coins from this era, it's not the same as modern coin made under ideal conditions.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Third party grading supporters are no different than those who fight over a soft top or hard top Miata, or one with manual or automatic transmission or any other number of things. I own one, hence the comparison. People have this compelling need to feel their opinion is the superior opinion.
I am building a graded set of Lincoln Cents in mint state condition, now 93% complete from 1930 to 2003. I have a mix of NGC and PCGS. I am not planning on selling the coins, and I purchase the coin, not the slab. I collect for my enjoyment, so it does not really matter what slab. If I were selling, then whether I like it or not, the "market" would have much more sway.
Comments
"PCGS vs NGC vs ANACS, Does it really matter?"
Only if we're talking real money
Well, I knew that was coming
I have really no basis since I know zero about the series. I just know that if my modern coins had hits of that size they would be body bagged but then again. Maybe I have learned something here and 62 is correct.
Older and special coins gets breaks, to what extent I'm not sure.
A dealer recently offered me a beautifully toned $10 Indian in an older PCGS graded 64 and only asking guide. Gorgeous coin until I put it under the loupe and saw a gash on the cheek. I just couldn't get over it and walked but now I wonder.
You should have seen one of the 1796 No Stars Quarter Eagles I saw in Baltimore in an AU-58 holder. It was beat to crap. Dealers all over the floor were talking about it, but the asking price was still $175,000.
Did it sell?
Probably not there, but if it sold somewhere, it would have been over $100,000. This is the #1 U.S. type coin with less than 100 known in all grades.
And I graded it details 😂 PCGS isn’t ready for me just yet…
Son of a nutcracker, this place can sure spin out on this subject (ad nauseum).
Here's my take then...
Coin collectors are a bit paranoid.
Spending crazy amounts of cash and all the while wondering... did I just make a huge mistake???
PCGS/cac sooth the anxiety.
But maybe CACG is, from some of the posts I’ve read….
I've never looked at a coin and thought to myself:
"Self that is a really nice coin but I can't buy it as its a in an ICG/Anacs/NGC slab and it has no grean bean"
I actually thought:
"Dang that's a nice coin, but the TPG way overgraded so this dealer will try to sell for so much more than its worth, so I'll pass"
Or
"Heck yeah, its in a Anacs slab... SCORE!! Great Coin for a Great Price"
I'll let the ones that are in the registry set worry about the label and the bean.
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
The problem is either finding the coins you need with that combination, or in my and perhaps other older collectors situations, we bought many of our coins pre-CAC, and back when the services were viewed more evenly.
I should have embraced CAC sooner I guess, and sent in what I had, and taken my lumps.
At this point, I guess I’ll just enjoy them as they are, and someday I’ll let Ian or whoever decide what should try to be crossed, CAC’d, etc. before auction.
I have yet to use my CACG membership but am considering sending them some that I had planned sending back for reconsideration. Is there an upside to having the same grade in CACG? Assuming they would only cross.
Seems like having the PCGS + would be better but I haven't been paying attention as much.
The second coin looks nicer but it’s very difficult comparing a Heritage glamour shot to a slab shot which I assume you took with a more natural lighting.
Sorry, I meant as a grader....from what I heard, some decent straight grade coins were getting Details holders at CACG....
Yea, I got it
I don't think they're gonna pay enough though...Details, yikes! I would only send them my very best - that would hurt.
Here the "glamour shots" of the second coin. It has been sold at auction at least three times.
Heritage
Stacks Bowers
Classic coinage, especially gold classic coinage struck on a screw press over 200 years ago, cannot logically be held to the same standards as modern silver/clad coinage with populations in the millions. Gold is soft, minting techniques were primitive at best, and the fact that the coin in question looks the way it does now is nothing short of a miracle.
Founder- Peak Rarities
Website
Instagram
Facebook
Not "everyone" does.
wow... blast from the past!
I think the whole existence of TPG's in the first place was for greasing the wheel of Internet coin transactions and a lot of folks wanted "IN" on the game. Over the years, a few of these companies (noted) have emerged as being the most consistent in the marketplace but they're not without mistakes or rough-patches of inconsistency. Also over this time, my eye has become a bit more refined... to the point where I'm now able to [mostly] buy the coin. I've bought certified coins in ANACS, NGC, and PCGS mostly... but I've also bought accurately graded coins from PCI and ICG. And, if we're talking bullion pieces, I've even bought SEGS graded coins.
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
As a point of reference, here are auction photos of the finest known 1796 No Stars Quarter Eagle. This piece is PCGS graded MS-65. I think it sold for something like $1.8 millon. The cropped photos are mine from the slab. There are probably better ones on the Internet.
Here are the Heritage close-ups.
When you are dealing with coins from this era, it's not the same as modern coin made under ideal conditions.
Thank you @DeplorableDan for putting that into perspective. Fair market value definitely comes into play.
Third party grading supporters are no different than those who fight over a soft top or hard top Miata, or one with manual or automatic transmission or any other number of things. I own one, hence the comparison. People have this compelling need to feel their opinion is the superior opinion.
I am building a graded set of Lincoln Cents in mint state condition, now 93% complete from 1930 to 2003. I have a mix of NGC and PCGS. I am not planning on selling the coins, and I purchase the coin, not the slab. I collect for my enjoyment, so it does not really matter what slab. If I were selling, then whether I like it or not, the "market" would have much more sway.