Newman 1794 dollar

tradedollarnut

Now graded AU50. Very pretty coin!

Sunshine Rare Coins

Part of Newman part V to be auctioned by Heritage in November in NYC

Text

Broadstruck

Pics?

lostincoins

I know this has most likely been asked but what was the major consideration for the use of NGC to grade these coins?

TommyType

<< <i>I know this has most likely been asked but what was the major consideration for the use of NGC to grade these coins? >>



Since the grading services benefit from having "big coins" seen in their holders, there is probably a significant discount given....to the point of being free? Special labels....wining and dining? Who knows...

And for truely extraordinary coins, the holder doesn't matter. I doubt any serious buyer or dealer looks at them and says, "Nope...Not in my preferred holder. I'll wait for the next one."

lostincoins

Thank you TT as that makes sense, buy the coin not the holder. I also wonder if NGC went after these hard to beable to say see see what we have in our holder nah nah...

3keepSECRETif2rDEAD

<< <i>I know this has most likely been asked but what was the major consideration for the use of NGC to grade these coins? >>



…I may be wrong but it could have been because NGC is the official grading service for the ANA and PNG?

Erik

Elcontador

<< <i>Now graded AU50. Very pretty coin! >>



Question - I rarely look at coins I know I will never be able to afford. Do you think it is properly graded?

TwoSides2aCoin

AU50+ , if you asked me.

+1 on the way to 100

ChrisRx

<< <i>Pics? >>



I think this is the one:

mdwoods

Nice 93 Liberty cap cent.

roadrunner

<< <i>I know this has most likely been asked but what was the major consideration for the use of NGC to grade these coins? >>



That's a real nice looking AU50 1794 dollar. Just perfect for an "everyman set."

In my mind, they were going to give the overall highest grades. Now while that might hurt you in a collection where the cross rate fells well under 50%, I don't think it's a risk at all with a super fresh collection like Newman that is basically a once in a lifetime opportunity to acquire eye-appealing coins off the market for 60-80 years. The market was going to love these coins regardless of the holder and grades. So why not go with the highest grades possible? That puts the market risk on the buyers to get the grade and crosses right. And no doubt NGC knew they were in the spot light so they were also going to give the coins every pt they deserved...but not be stupid about it either. I also think that PCGS might have been a lot tougher about no grading some of those "colorful" Colonel Green pedigreed coins. I'd have gone with NGC too. Maybe there were other factors involved besides just the grades of the coins. But grading had to play a big role.

1Bustcollector

[URL=http://s270.photobucket.com/user/quarterguy/media/1794A_zpsdd33d113.jpg.html][/URL]



Ok, please somebody help......How do I remove the IMG tag from the attached file? And how come my pictures are not at the left side of the page? I feel so dumb....

MsMorrisine

I realize it is a 50 but I don't like the way the cheek looks. The eagle's breast looks better but still not to my liking.

MrEureka

I kinda get a kick out of the 1867 $20 in MS66. That's something I would not have guessed I'd ever see.

Wabbit2313

I think it looks awesome! AU50 is not MS!

1Bustcollector

Here is a test pic that should be properly "left justified"! Thanks Lance!!!

BillJones

<< <i>I realize it is a 50 but I don't like the way the cheek looks. The eagle's breast looks better but still not to my liking. >>



I think what see is what the old timers called "envelope friction." It is distracting to some eyes, but it still agree with the AU-50 grade and would very happy with that coin if it was within my price range, which it isn't.