HA Bust half, undergraded?
logger7
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If you look at the reverse on this coin it chronicles how the owner bought it at Stacks in the late 80s, sent it to NGC, and waited a long time to sell it. Is this undergraded?
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Stacks seemed to think so, and either the bidders agreed or went ga-ga over old plastic.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I'd say it is, by today's standards.
I think all the Hamilton coins went through CAC. There's no sticker on this one. It may not have passed JA's dipped/luster test.
Lance.
Was Mr. Albanese the finalizer when that coin went through NGC? It would set up the interesting dynamic of "liking" it when in his official capacity but not now or possibly netting it down for a light dipping? So is one moral of the story to not send any Bust coins to CAC that have ever been dipped?
If the dip didn't impair luster, it won't hold it back. Based on experience it needs to be pretty flashy. JA prefers original surfaces.
Lance.
"So is one moral of the story to not send any Bust coins to CAC that have ever been dipped?"
That would not be a valid takeaway point to the discussion.
In honor of the memory of Cpl. Michael E. Thompson
I see not so great information on this board.
" So is one moral of the story to not send any Bust coins to CAC that have ever been dipped?"
If that were the case then most bust coins could not be submitted or stickered. As most Bust coins have at minimum had a dip in their life IMO. Very few are truly original.
I just noticed from the sticker on the slab that the turnaround time at NGC was 4, count 'em, 4 months! Good thing they didn't have an internet forum then.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
The turnaround time for coins sent to PCGS and NGC was atrocious back in the 1980s and even at times in the early 1990s. I believe the companies were far more successful, and became so far more quickly, than they had anticipated and thus were chronically understaffed.
In honor of the memory of Cpl. Michael E. Thompson
I remember back then that NGC coins were more desirable than the PCGS, tighter standards not even sure if AU-58 was used or not. But they were more along the lines the way learned to grade coins. As far as the Heritage coin goes, The flatness in the hair details probably brought about the 53. I would have bought it thinking a higher grade possibility.
Most of the Hamilton coins have sold for big $. Nearly all are in old holders which, many bidders think, means they were under-graded. The OP coin is perhaps 3 points undergraded, at most, however you can expect it to sell for what a normal AU58 would sell for because it has all the "bells and whistles" that some bidders go crazy for (old holder, toning, provenance, etc)