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1877 ihc PCGS newp. GTG
johnny54321
Posts: 480 ✭
Recently sold my old 1877 and upgraded to this one. Just received it today, its a beauty!
Guesses on the grade?
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Guesses on the grade?
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All coins kept in safety deposit box.
0
Comments
Latin American Collection
As Bill said, the disturbed color, spots and digs hold it back.
Lance.
Have a Great Day!
Louis
Drunner
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OINK
<< <i>You are right about the nice detail on the coin. If it were mine I would crack it out and then give an acetone dip to hopefully clean it up and then put in my album.
OINK >>
You know, I thought same thing. Thats a Dansco coin right there. Some gentle preservation and that would be Suwweeeet in a raw circulated set
I also concur that an acetone bath may be a good idea - though something like the old Blue Ribbon may be more effective on those spots.
For all the purists out there who say never 'clean' your coins, I'd be more concerned about the affect of those green spots
on the copper coin over time, then performing some careful conservation work now.
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BTW Your coin is way better
100% Positive BST transactions
<< <i>For comparison sake, I copied obverse pics of the last 6 vf35s I could find on Heritage. One PCGS example(the last one in the series of pics) looks like it might have full lib and rails...but the rest are severely lacking. Even the CAC examples don't really make the full lib/rails cut. What are your thoughts on these? Do the TPGs just notoriously overgrade 1877 ihcs, or do you think they are graded correctly but are more weakly struck than my example?? >>
Graded correctly.
Again, your 1877 has XF details but was net graded because of issues discussed earlier.
Lance.
This is a good example of what Rick Snow posted some time ago, that the services are overgrading this date, and as a consequence,
prices are falling. Certainly drop off in demand could also be at play.....but there is an $800 price spread on the sheets between VF20 and XF40.
If these are what the current market is calling 'nearly XF', I can understand why they wouldn't be bringing 'nearly XF' money. And I don't even want
to hazard a guess at what VF20 coins look like now.
I had an immediate AU 53 the second I saw the OP coin.
I was floored by the other VF responses.
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Coin collecting is not a hobby, it's an obsession !
New Barber Purchases
Walker21D: Your post makes a lot of sense to me. I have noticed this date, along with other semi-keys in the 1870s severely overgraded. Even XF40 examples are present with incomplete libertys, and though I know strike plays a role, the overgrading seems to go beyond that. I also have seen the trend go downward in price...so what your saying adds up about TPGs potentially hurting the market with overgrading. So it is very possible, based on the comparisons I showed, that my coin is correctly graded when compared to a sea of overgraded coins.
lostincoins: How are the fields on my coin a mess? The obverse fields are terrific imho, which is all we can really compare with the other coins on, since all I posted of the others were the obverse fields(mainly just to keep from posting a trillion pics). Honestly, I think the hits on the face are inconsequential. I cant even see them without a loupe, and even with one, they are hardly distracting. I would rofl if someone told me that these marks could in any way shape or form result in a detail grade or genuine slab. The 1st heritage example I posted vf35 CAC has a much larger more obtrusive scratch at 1oclock above the crown. The obverse field certainly isn't a mess, nor does it have what Id consider PMD.
However, the reverse, I do concede is less attractive overall. The planchet streaking throws off the "even toned" look, and the black gunk is not eye appealing in the slightest. If anything downgraded this coin detail-wise, it would be the reverse imho.
Eagleeye: Can you expand a bit on your explanation of standards? I usually use TPGs to define standards, so comparing against them is usually how I go. I don't try to seek overgraded coins, and in this example, I simply picked the 6 most recent examples I could find on Heritage. There was no attempt to cherrypick overgraded examples that supported my conclusion. Are you saying that these 6 examples I picked fall short of the collector defined "standard"?....and how does one go about figuring out a collector defined "standard? As always, I really respect your opinion. You probably don't remember, but I met you at the Long Beach Coin Show on Thursday, and purchased an 1872 PCGS VF30 RPD5 from you. I absolutely love it and is now cracked out and part of my IHC DANSCO collection.
Fadetoblack: I got your comment now, and I got it the first time you mentioned it. I am not a photobucket expert. I looked for a link to turn it off and couldn't find one based on your previous comments. I did not look for too long, because in all honesty, it is not of high priority to me, and you seem to be the only one who is really put off by the extra text next to the photo. In addition, it is usually the only input you ever offer me in any of my threads. If you want to PM me a tutorial, feel free and I will work on it next time I enter photobucket. Otherwise, since your obviously offended by a bit of text next to my pictures, please refrain from posting in my threads or even viewing them for that matter.
Cheers to all!! A
At any PB page click on your user name, upper right.
Then click on "User Settings".
Click on the "Albums" tab.
Scroll down. Under "Link back option" uncheck "Link back to albums"
"Save"
Lance.
You could also crack it, dip it in acetone and resubmit it raw.
OINK
<< <i>I had an immediate AU 53 the second I saw the OP coin.
I was floored by the other VF responses. >>
I agree. At first glance, I saw a nice coin with LOTS of meat. As I looked at it for 'grading' purposes, I was leaning towards a 40. I wish I had given my guess before it was posted.
Some of the others you show, as much 'worse' as they look, as has been said, you can't grade by comparison....but if you could, SOME of them, again, was said, I thought 'how the hell are those even VF's?'.
As an aside, that first CAC VF35, is it my eyes starting to go, or does there look like some kind of doubling over the bridge of the nose, and the chin? The chin on that one looks flat out doubled...could be PMD, but with what looks like doubling over the nose, IS the chin and bridge of the nose doubled? And I agree, yours was held back due to the reverse. Dip that thing in something, get that crap off, get your XF grade. As for the Dansco thing, man, in MY eyes (and wallet), that's a pricey 'hole filler'. After a 'conservation', I see that getting the XF it SHOULD have. Crack it, get that thing cleaned off, er, conserved..., and enjoy that meaty XF key date IHC!!! Nice pick-up, pound for pound.
As an aside, I just Googled 'potential', and found this coin's image on page 2....
The market sufferers when overgraded coins are in accepted holders. If you refuse to buy them at the market, they will sell cheap, lowering the market.
The market sufferers when overgraded coins are in accepted holders. If you refuse to buy them at the market, they will sell cheap, lowering the market. "
That makes sense, and there is a HUGE discrepancy between the grading standards you mentioned and the current market trend. Someone mentioned comparing these to XF examples, so if I get a chance tonight, I will pull off the 1st 6 most recently sold XF examples off of Heritage to compare with this coin. I havent looked, but I am willing to bet that there will be at least 1 or 2 XFs that dont even have full liberty's much less full bottom rails. Does anyone want to take bets?? :-)
Before:
After:
Given enough time, that 'green stuff' may well have eaten into the metal and ruined the
coin for all future generations.
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
Nice coin. The best 1877 IHC I've had to date was only a G-VG raw example, and it had some issues. (But I only had about four bucks in it.)*
Edit: just scrolled down to see the grade. 35, eh? I'd say that's about right.
Edit (again, after scrolling down further): the acetone treatment looks to have made a definite improvement in the eye appeal. Nicely done.