1838 Dime MS65 in PCGS V1.1 Rattler CAC NEWP
Proofmorgan
Posts: 758 ✭✭✭✭✭
Just picked this up on DLRC Auctions. I fought someone very hard for this coin. You don't see many in a package like this. I also paid 25% over PCGS Guide. I was about to get away with it for Guide price until someone got involved in the last few minutes. Could it go 66? Either way I will leave it as is.
Collector of Original Early Gold with beginnings in Proof Morgan collecting.
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Cool type coin in a cool holder. Now keep it quiet so more people don't catch on.
In checking PCGS price guide you paid 65+ money. There's another $3K or so to MS66. So it doesn't seem to me that other bidders saw this as a 66. No way I'd let a rattler, with a good shot to upgrade get away for a 25% premium. It could go 66. It's probably a rare package because unlike most other rattler 65's, no one liked this enough yet to resubmit it. Either that or it came out of an older time collection and was just never tried. A coin really worthy of an upgrade should have brought much closer to 66 money....at least that's the case at a Heritage or Stacks/Bowers auction. It could have been the DLRC auction too. Need better pics of the fields to evaluate it as a possible 66. The photos here are not clear enough. Looks to have secondary toning to me. The no drapery dimes are quite available in MS65 and MS66. And in my experience the quality difference between those 2 grades is not all that large. It's worth a LOT more in a new 66 holder than this current rattler with green bean. A 3-1 or 4-1 upside vs. downside.
Either way, I think it's pretty neat.
Dimeman....I knew you couldn't resist ha ha
That said, I hope you got a good one there.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>In speaking with DLRC, it had never been stickered before they received it. That just gives me the sense that whoever owned it before didn't try to squeeze every cent out of it. In addition, it definitely hasn't been sent in for multiple regrades as one might expect for a big jump to the next grade. Makes me wonder where it came from.....
>>
Before the days of reconsideration, any regrade would have meant losing this holder. Hence, it hasn't been reviewed prior to 2014/2015. Is there a way of knowing today if reconsideration/rattler service was ever used? It may not have been sent in before if it's obvious it has little chance to upgrade....and maintaining the old holder makes the most sense. It probably would have gotten more attention (and a higher price) in another auction. You probably have done fine. I don't see it being worth less than you paid. And the upgrade potential is still there just by the fact that it is a rattler, and looks pretty clean with good luster. One obvious field scuff or graze back in the rattler days would have kept this from a MS66 grade.....not so today though. If I understand the reconsideration service correctly, there was zero downside for the owner to resubmit this. And why wouldn't they unless they didn't know?
To be exact....it's the F102a DDR LDS with d/c through AMERICA.
<< <i>Congrats. Welcome to the club
Cool type coin in a cool holder. Now keep it quiet so more people don't catch on.
+1
Choice Numismatics www.ChoiceCoin.com
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All of my collection is in a safe deposit box!
Dimeman, is it a rare variety? I know of another variety with a squiggly line above the word dime. You know much more about these than I.
No, Gerry Fortin list it as a R3 with no premium on his website.
Coin Rarities Online
With thousands of recently graded coins for sale, it seems impossible to me DLRC would not have sent this in for reconsideration with that kind of a jump. That doesn't mean it still does not have a chance, and I also would send it in if it can go 66. If the coin is really a 66, who cares about the holder? Now a Gold CAC on this, nope, leave it alone.
Mike
Choosing the lesser of two evils; current holder versus the new three prong holder (yuck), if anything, I would leave it as is and submit it to CAC and see what they think.
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Not sure how others are seeing upgrade potential
Hopefully it arrives non lackluster from having been uber dipped.
I don't understand why, sometimes, DLRC takes good or representative images and, then other times, they use this weird lighting. Makes you wonder what they might be trying to hide? But it still looks like a great coin to me.
I saw it in their last email. That may be what drew attention to it. Good for them but bad for you (the bidder).
I think that it's a good quality pickup, in any event, and I think that you'll be happy with it.
I'm glad that you were able to fend off the other bidders, too.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
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https://www.ngccoin.com/registry/competitive-sets/16292/
<< <i>ARGH! Get it in the right holder please. Much better in a 66 or 66+ holder.......than in a rattler (YUCK) with 20 beans!! >>
Why are you trying to rain on his parade? We get it, you don't like Rattlers or stickers. Move on.
-Paul
That's all.....and I'm moving on.
<< <i>It's not just the rattler of sticker........wouldn't it be better to be in a CORRECTLY graded holder???
That's all.....and I'm moving on.
How can you tell it's not correctly graded?
Many coins remained in the rattlers as they had absolutely no upgrade potential.
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<< <i>Might be my eyes playing tricks on me, but the edges aren't perforated? Is that an original rattler?
See the first example in this thread.
That alone might account for a nice premium. >>
Maybe by the time this was slabbed HRH was able to afford a pair of scissors for the office
<< <i>Congrats! I, like many others, avoid DLRC because they simply refuse to take proper photos of coins. It's annoying.
That said, I hope you got a good one there. >>
Hate to be a "me-too" poster, but......ME TOO!
I don't go there for any other reason than the photos are sub-par and I don't want to take the time/chances from my keyboard.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>Might be my eyes playing tricks on me, but the edges aren't perforated? Is that an original rattler?
See the first example in this thread.
That alone might account for a nice premium. >>
That was the main focus of this thread, or what I took from the OP, but it ventured off into a discussion of plastic and stickers. Its a cool holder, I know of only two dozen or so.
<< <i>Might be my eyes playing tricks on me, but the edges aren't perforated? Is that an original rattler?
See the first example in this thread.
That alone might account for a nice premium. >>
That was the main focus of this thread, or what I took from the OP, but it ventured off into a discussion of plastic and stickers. Its a cool holder, I know of only two dozen or so.