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Buffalo Nickel Grading Test Follows

BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

have a stab at grading this overdate buffalo nickel.......

Collector of Buffalo Nickels and other 20th century United States Coinage
a.k.a "The BUFFINATOR"

Comments

  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

    just for some follow up if you look at the buffs horn it is probably 80 percent outlined, but not 100 percent if that means anything to you.

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    Today's Fine 12. Yesterday's VG.

  • Walkerguy21DWalkerguy21D Posts: 11,440 ✭✭✭✭✭

    I agree with F12. Not enough overall detail to go F15, too much to call it VG.

    .

    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • OnWithTheHuntOnWithTheHunt Posts: 1,220 ✭✭✭✭✭

    Agree with Koynekwest, F-12.

    Proud recipient of the coveted "You Suck Award" (9/3/10).
  • david3142david3142 Posts: 3,529 ✭✭✭✭✭

    Agree with F12. I have a F15 and it has just a bit more detail than this one (although the reverses are basically the same).

  • MoldnutMoldnut Posts: 3,100 ✭✭✭✭

    Looks like a VG10 to me.

    Derek

    EAC 6024
  • EXOJUNKIEEXOJUNKIE Posts: 1,614 ✭✭✭✭✭

    F12 ... but F15 wouldn't surprise me.

    I'm addicted to exonumia ... it is numismatic crack!

    ANA LM

    USAF Retired — 34 years of active military service! 🇺🇸
  • StrikeOutXXXStrikeOutXXX Posts: 3,352 ✭✭✭✭✭

    I'd call it an 11.

    I could see it Going F-12 without CAC or VG-10 with CAC.

    ------------------------------------------------------------

    "You Suck Award" - February, 2015

    Discoverer of 1919 Mercury Dime DDO - FS-101
  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

    This coin is currently for sale on eBay.
    The auction number is 122399201264
    just cut and paste this number into the eBay search line, do a search on this auction, and you
    will be taken right to it. Asking price is almost five grand!!
    Take a look.
    buffnixx

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • jtlee321jtlee321 Posts: 2,363 ✭✭✭✭✭

    Wow!! Someone was given a gift.

  • tincuptincup Posts: 5,130 ✭✭✭✭✭

    Yikes... would be a VG10 to me.

    ----- kj
  • StrikeOutXXXStrikeOutXXX Posts: 3,352 ✭✭✭✭✭

    @jtlee321 said:
    Wow!! Someone was given a gift.

    If that's a VF20, I need to re-grade about everything in my raw inventory 8-(

    ------------------------------------------------------------

    "You Suck Award" - February, 2015

    Discoverer of 1919 Mercury Dime DDO - FS-101
  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

    Yep it is in an NGC VF20 holder. It may be that when you tilt the coin the right way the horn is nearly outlined.
    This takes me back to the 1960ies when the Brown and Dunn grading guide said that to be very fine a coin needed to
    have a full horn. Maybe this horn is in fact fully outlined or nearly so but the coin itself contains way to much wear on both sides
    to merit a full very fine grade.

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • Walkerguy21DWalkerguy21D Posts: 11,440 ✭✭✭✭✭

    Wow!! Someone was given a gift.

    Yes, except when you go to sell, and the narrow field of specialists in the series that would be seriously interested in it look at it and see it's overgraded by ~8 points and keep on looking.

    .

    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • 1630Boston1630Boston Posts: 13,781 ✭✭✭✭✭

    Thanks all for tips on Buffalo grading :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

    only $4942.71 and you can have this beauty!!!!

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

    to all participants thanks for your input.

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • RB1026RB1026 Posts: 1,469 ✭✭✭✭

    I've been interested in Buffalo 5c for the better part of the last 40 years and have looked at more than a handful in that time. Back in the late '80s and early '90s a Buffalo without a FULL horn simply couldn't be called a VF or higher. The Official A.N.A. Grading Standards For United States Coins (3rd Edition/Copyright 1987) states that for a VF-20 "Tail and point of horn are visible." This was the rule of the day as I recall it. TPG's were new so it was mostly raw coins then and dealers would push the boundaries to call coins VF while collectors were all hunting for those pesky horn tips and tails or were unwilling to pay VF prices to fill holes in their collections.

    Of course, this was somewhat conservative because Buffs are notorious for soft strikes (especially some of the key S-mint coins) and if you had a keen eye you could buy a Fine or even VG priced coin with a lot of "meat on the bone" simply because of the lack of horn & tail. As time moved along, market grading kicked in and the lack of fully struck Buffs to satisfy robust collector demand caused an easing of standards. Thus, many VF Buffs graded in the later 90's or 00's have nice detail overall but lack the elusive horn tip and tail detail. It can be argued that this is a reasonable compromise, I suppose, when the aspects of the metal (nickel) and the issues with striking them are considered.

    However, this coin is clearly an example of either bad grading (a single mistake) or standards completely lost, in my opinion. My first instinct was to call this a VG-8 to 10. The horn is half there and the tail is non-existent to my eyes. Then, when considering the modern and looser standards I conceded that it was likely housed in an F-12 holder.

    Any Buff collector with any experience will reject this coin as a VF20 no matter who graded it. It simply is nowhere close to that level. For me, it's hard to imagine that a respected TPG certified it as such. This is why I stick with coins graded by our host and always "buy the coin not the holder". Just my 2 cents....

  • EXOJUNKIEEXOJUNKIE Posts: 1,614 ✭✭✭✭✭

    @EXOJUNKIE said:
    F12 ... but F15 wouldn't surprise me.

    I said a "F15 wouldn't surprise me" because I know ATS grades Buffs liberally. No way did I expect a VF20 though. Wow.

    I'm addicted to exonumia ... it is numismatic crack!

    ANA LM

    USAF Retired — 34 years of active military service! 🇺🇸
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    I came up with my opinion with the OP's photo and two grading guides, Bowers and ANA's.

    I was going to post but saw the grade was already given. Nevertheless, in one ear and out the other Dept.

    The image is the poster child for a VG-8. Since that does not reflect the coin's commercial value, it is my personal VG-10. I grade by the old standards. Since the coin was in a slab, I was going to post VG-10 but in a F-12 slab as my answer. I agree that this coin is OVERGRADED as a VF.

  • TPRCTPRC Posts: 3,789 ✭✭✭✭✭

    FWIW, my initial thought was 20, but 15 minimum. Gradeflation? Maybe. But this coin is pretty strong. It's a deteriorated die and it has a strong date. I recently bought an 18/7 in a small auction that was in a new, yellow, ANACS holder as a G-4. It looked nicer so I figured I could grade it at PCGS or NGC at the same grade and make $50. So, I cracked it and sent it to NGC raw, where it came back as a 10.

    Tom

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    VF20 is absurd. I think we discussed this one the other day when you were over here.

  • hchcoinhchcoin Posts: 4,829 ✭✭✭✭✭

    Honestly - I love the buffalo nickel but can't stand how they are graded.

  • david3142david3142 Posts: 3,529 ✭✭✭✭✭

    For comparison, here is my PCGS F15:


    The horn in the OP coin looks a touch more complete but I usually look to the meeting of the fur with the hide in the middle of the buffalo and that seems to be a match. On the obverse, my lettering is cleaner and the hair/braid detail is better. Maybe I should cross it!

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    My guess would have been F12... that was on first view of the OP.... as I scrolled down and saw the ebay link, I was amazed that it was graded a 20.... I have an interest in Buffs...and have had for a long time, they are one of the great U.S. coin designs.... Never would I assign this a 20 grade... maybe, in hand, a 15... though I doubt it... that goes against all the standards I have used.... and the price (?)... I don't think so... Cheers, RickO

  • mannie graymannie gray Posts: 7,259 ✭✭✭✭✭

    So it must have been a 25 before it was netted for the obverse rim hits/pitting.
    I would not offer more than 10 money.

  • PTVETTERPTVETTER Posts: 5,937 ✭✭✭✭✭

    VG 10

    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

    right now its for sale on flea bay for $4942 and change!!

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • david3142david3142 Posts: 3,529 ✭✭✭✭✭

    Here's a PCGS F12 in the upcoming Stacks auction that looks like it has very similar detail to the OP coin. Actually, this one DOES have a full horn:
    https://auctions.stacksbowers.com/lots/view/3-6Y41R

  • AzurescensAzurescens Posts: 2,744 ✭✭✭✭✭

    I love buffalos and I love overdates. However, that is not a 20, it's a 12. To me that's G/F any day of the week. I don't care how the reverse looks but that's trash too. I could understand an absolutely solid reverse and this grading as a 20 for the better side of the coin but it is not. Someone is selling one with similar reverse and slightly worse obverse for 1k. I see 2500 in that coin not 5000. Why have an over date error if you can't see it in your hand. That's a "so I have one" piece.

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    One reason it looks so bad is the die state-it's very late. The PCGS coin is a LDS, too, but at least it's much closer to the stated grade.

  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

    Take a look at the following slabbed buff that is slabbed by the same grading services as the one we are talking about here.
    It is for sale by APMEX which now owns the so-called vf20 we are visiting in the post. This is graded a good-04:

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

    This grading is spot on and the asking price is $729. A really good deal. Only problem about buying something from the is they use stock photos and thats what this may be. You buy this coin and you could wind up with another one not as nice.
    Compare this one with the “vf20” I would really rather have this piece all day, especially comparing the price difference.

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"

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