GTG: 1827 Capped Bust Half Dollar (Grade Revealed)

Nolawyer · June 21, 2012 6:28AM

This one was graded by NGC. How do you think it graded?

lasvegasteddy · June 21, 2012 6:31AM

au 55
very nice example whatever plastic it sits in...

LanceNewmanOCC · June 21, 2012 6:43AM

.
i'll say 55 as well

but i've seen coins like this in 61 holders A LOT
.

stealer · June 21, 2012 6:50AM

<< <i>.
i'll say 55 as well

but i've seen coins like this in 61 holders A LOT
. >>

In recent holders? I can say that the old NGC graded a lot of CBH's as high AU/low MS and were way off the mark.

OP's coin looks 53/55 but I'll say NGC called it a 58

coinkat · June 21, 2012 7:14AM

50

brg5658 · June 21, 2012 7:31AM

I'd say AU55, and a very nice one at that!

mozin · June 21, 2012 7:33AM

NGC 53

JRocco · June 21, 2012 11:46AM

I would say that is in 55 plastic.

guitarwes · June 21, 2012 11:48AM

fittytree or fittyfi

nice one.

USMoneylover · June 21, 2012 12:02PM

I like it as a 53.

ColonialCoinUnion · June 21, 2012 12:04PM

50.

lkeigwin · June 21, 2012 12:05PM

I think it's a 53 and NGC gave it a 55.
Lance.

jayPem · June 21, 2012 12:11PM

I'll bet that coin is very nice in hand, I'm going with slider...

michiganboy · June 21, 2012 12:26PM

Looks 55 to me.

RevDrBlimber · June 21, 2012 12:33PM

First impression AU53; could have grade higher, probably not lower.

Here is one that went AU58 recently, an 1826 half, I bought as a possible 60: 2029303-001

NGC image finder: http://www.ngccoin.com/imaging-services/index.aspx

123cents · June 21, 2012 1:16PM

AU-55.

astrorat · June 21, 2012 1:22PM

NGC-58

Kove · June 21, 2012 3:19PM

AU 53

Justlooking · June 21, 2012 5:47PM

My better judgment says 55, because I think I see a couple of hairlines. But I'll bump you to 58 'cause I like the coin!

Steve27 · June 21, 2012 7:06PM

I really like it, but there's enough wear for it to be an XF45.

LVGT · June 21, 2012 11:42PM

NGC 58

Nolawyer · June 22, 2012 1:11AM

Thanks for the guesses. Many of you nailed it:

I really like the look of this coin in hand and agree with NGC on this one.

TPRC · June 22, 2012 1:11AM

55

For the record...my grade was up before the coin was posted.

NewParadigm · June 22, 2012 2:03AM

I thought it could have been cleaned... I did not realize the grade was up.

CoinJunkie · June 22, 2012 4:47AM

Without looking at the answer, I'll guess 53.

EDIT: 55 makes sense, as NGC seems more lenient with wear on Bust coins than PCGS is.

tradedollarnut · June 22, 2012 4:49AM

<< <i>I really like it, but there's enough wear for it to be an XF45. >>

STONE · June 22, 2012 4:53AM

<< <i>

<< <i>I really like it, but there's enough wear for it to be an XF45. >>

>>

Not in this Universe!

55 may be a tad generous, but not out of line for PCGS/NGC graded CBH's...trust me, there are A LOT worse examples out there!

coinkat · June 22, 2012 7:30AM

In the initial image, I did not like the fields- there looks to be light hairlines on the lower right obverse

RevDrBlimber · June 22, 2012 9:57AM

This is what the head of NGC said on grading standards for Bust coins:

"MR: What are the toughest coins or series to grade? And what are the easiest?

"MS: For me, Bust coins are very difficult to grade due to strike factors and the perception that cabinet friction may or not be actual rub. These coins were typically struck poorly, luster is often subdued. Also, early copper coins are tough because so much of it has been cleaned, repaired or retooled, and there are corrosion issues. The Mickley specimen of the 1804 $1 is an example of the difficulty grading these early coins. It was sent to NCS, our conservation service. For decades the coin was considered an AU. It was covered with PVC. We skillfully removed it. Full mirrors were revealed! While the coin had a weak strike, it was fairly graded as a MS 62, and that’s how we graded it. It sold at auction for about $3.8 million."

I have no problem with net grading for various problems on coins, especially Bust coins.

Also, this "insider" report on PCGS:

"I had a conversation with a real big wig in PCGS that truly is a giant in numismatics. My question, "why doesn't PCGS teach their graders how to grade circ. Type accurately?" His response was "a finalizer knows how to grade circ. Type." I said "as long as graders look at cleaned coins that are XF and are willing to call them VF, they are on the wrong line for grading an original VF coin." He said oh, "we do net grade for cleaning." I said "that is wrong and shouldn't be done because future buyers, like now, will never learn how to accurately grade." He gave me no response.

"A dealer friend of ours sent in an MS-64 Bust Half in holder review for an MS-65. The response back was: too much friction for MS-65. Read again: too much friction. No wonder we can't buy Bust type for the clients that trust us, almost every single piece has friction! And yet these coins are graded MS60 to 65!!"
http://rare-coins.com/app.cfm?template=faqs#641

GTG: 1827 Capped Bust Half Dollar (Grade Revealed)

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