Trade Dollar guys, why is my 1877 T$1 only an AU55?
Goldbully
Posts: 17,496 ✭✭✭✭✭
It's a beautiful white coin with semi PL surfaces....it's gorgeous, virtually spotless.
I sent her to PCGS for regrade service in a Secure holder.
She was already a 55, and she came back a 55.
I've seen 61 and 62 Trade Dollars not as nice as this one.
Any thoughts and comments appreciated.
I sent her to PCGS for regrade service in a Secure holder.
She was already a 55, and she came back a 55.
I've seen 61 and 62 Trade Dollars not as nice as this one.
Any thoughts and comments appreciated.
0
Comments
Great coin as a 55!
Still, a very nice looking T$1!!!
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
The PCGS TrueView photos of your Trade Dollar make her look more like an AU-58 to possible Mint State coin.
However, your iPhone photos appear to justify the assigned AU-55 grade due to hairline scratches and luster breaks in the unprotected field areas.
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"
Unfortunately grading guides concentrate on wear on the devices. General wear over the fields that subdues the luster is also a grading factor.
<< <i>GoldBully,
The PCGS TrueView photos of your Trade Dollar make her look more like an AU-58 to possible Mint State coin.
However, your iPhone photos appear to justify the assigned AU-55 grade due to hairline scratches and luster breaks in the unprotected field areas. >>
I agree. And think it's graded properly.
the iphone pics sealed the deal.
All in all, nice looking trade $!
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<< <i>I agree with the OP, I think it looks better then a 55, maybe not MS but currently have a 58 that looks shameful compared with this 55. Also, not positive on this.....but I was under the assumption that with the pcgs secure holders a possible upgrade is basically impossible as they have a photo record of the coin. Not saying I believe this or not...or that its true just interested in others thoughts as I've heard it around many times.
All in all, nice looking trade $! >>
A secure plus can upgrade but they can tell if it has been messed with since the last grading.
Thanks so much for your astute and expert opinions.
looks au55 to me in looking at all wear spots on the obverse
Some of the best deals in numismatics are had in the high AU range. You can get an awfully attractive coin at a fraction of the MS price if you pick & chose carefully.
<< <i>
<< <i>Also, not positive on this.....but I was under the assumption that with the pcgs secure holders a possible upgrade is basically impossible as they have a photo record of the coin. Not saying I believe this or not...or that its true just interested in others thoughts as I've heard it around many times. >>
A secure plus can upgrade but they can tell if it has been messed with since the last grading. >>
It was send in for a regrade. SP or not, PCGS always knows what the prior grade was and a fresh grade review is always done. SP is just as likely to upgrade as non-SP.
Too many folks are mistaken about SP and talk like they know it all.
Lance.
I-phony. Pretty obvious that it has been circulated for a while.
bob
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It's been twice graded as a 55. I would accept it as that. The upside for continued resubmissions is not great compared to the price.
Bottom line, you have a great coin, conservatively graded.
Complete Set of Chopmarked Trade Dollars
Carson City Silver Dollars Complete 1870-1893http://www.pcgs.com/setregistry/showcase.aspx?sc=2722"
In part due to discussion on these boards, and the efforts of CAC, I think mid to heavily dipped silver may struggle to get a grade above MS62 at PCGS going forward. Recent submissions showing effects of dip seem relegated to XF40, AU 53-55 and MS61-62 (magnet grades for dipping, imo). It's possible that the era of someone dipping their way to a mid MS grade may be ending (or at least will require more skill).
If you want the MS61 grade for this coin, NGC is probably the best bet. They seem to focus their attention on details more than surfaces, especially in certain series. Not necessarily a bad call on their part, but it's increasingly noticeable.
Matt
i've seen them be tougher on T$1 lately from my own subs, so don't go by what you see in the market. there are a lot of coins that got graded during "easy" periods that would not grade the same today.
Interesting how the iphone pics were so informative