Remind Me to Buy 3CS's in Rattlers When I See Them...

BustHalfBrian · October 10, 2014 3:50PM

Because this XF40 sold for MS62 money...

The coin looks slightly under-graded, but is that all? Am I overlooking some rare die variety?

Or are two people coincidentally building a set of these in Rattler holders and were both missing this date?

Whatever the case, I'm glad DKRC sold it. Some of Dave's coins have been selling too cheap lately, IMO.

lasvegasteddy · October 10, 2014 3:55PM

hey brian,
buy 3cs's in rattler xf40's and send um to that seller to sell for you

there
i reminded ya

lol
good for that seller...maybe not so much for the buyer

hopefully it's not shill action to boost values or interest ....

still way to small of coins for me those 3cs's are

stealer · October 10, 2014 3:56PM

Because it's a legit business strike, and it looks like an AU50 by today's standards. That's my gander, since looking like a legit business strike seems to be a pretty big deal in 3c series.

BustHalfBrian · October 10, 2014 3:59PM

<< Because it's a legit business strike, and it looks like an AU50 by today's standards. That's my gander, since looking like a legit business strike seems to be a pretty big deal in 3c series. >>

Why did this legit business strike in a Rattler graded 15 points higher sell for roughly the same price?

rec78 · October 10, 2014 9:20PM

Circulation strikes for 3 cent silver's for the years 1863-1872 are very tough to find and IMHO are very underpriced even at that price. They are not around. To start with the mintages were very low and a lot of them were melted. I have them all except for an 1863. I bought my 1867 from a Heritage auction about 10 years ago.

indeetlib · October 10, 2014 9:37PM

That price seems about right for the coin, regardless of the rattler, and I think a nice MS62 business strike would bring closer to $2K nowadays.

But I hope this coin actually is a business strike since the coin number on the holder (3717) is the proof number. Not sure what to make of that - typo? did the PCGS numbers change for this coin at some point? Did PCGS call circ. proofs XF40 instead of PF40 back in the day?

BillJones · October 10, 2014 10:48PM

<< 

<< Because it's a legit business strike, and it looks like an AU50 by today's standards. That's my gander, since looking like a legit business strike seems to be a pretty big deal in 3c series. >>

Why did this legit business strike in a Rattler graded 15 points higher sell for roughly the same price?

>>

The AU-55 looks like it has been dipped and the EF-40 looks to be original. A lot of collectors seem to shun circulated coins that are white from dipping these days.

ms70 · October 10, 2014 11:54PM

Damn, that's a nice coin. It's certainly better than XF40. The only detraction is what looks like a staple scratch between STATES / OF.

lostincoins · October 11, 2014 12:07AM

I was going to mention the proof designation on the holder. For a circulated business strike the fields are superb and I would say under graded as well.

nwcoast · October 11, 2014 12:36AM

There's skin on them bones!
Original...
Behind that skin is very little sign of wear.
More than a little under graded IMO. Original skin goes a long way.

indeetlib · October 11, 2014 1:09AM

I'm going to go out on a limb here and say that PCGS meant to grade this coin PF40. Granted, it can be almost impossible to distinguish proofs from business strikes on issues like this, especially in circulated grades, and especially from photos! But I would want to see more frostiness in the fields and weakness in some of the details than this coin has. I came across this coin Heritage sold last year, NGC fatty AU58. If I was looking for a "legit business strike" 1867 trime, I would want a coin like this. Look at the metal flow around the rims and weak detail on the obverse star and small reverse stars. This must have been one of the last struck of the reported 4,000. It also brought a commensurate $3K...

telephoto1 · October 11, 2014 1:33AM

I don't think this is a proof coin but it might have been struck with recycled proof dies. To me it's a 55-58 quality piece, shot 60, and that's why it brought what it did. jmho

CaptHenway · October 11, 2014 1:42AM

I would not swear from those pictures that either piece was a legitimate business strike. Might be, but I need to see the rims and edges.

TD

johnny9434 · October 11, 2014 1:48AM

i hope the seller does not have issues with david lawrence rare coin (dlrc) and this guy (dkrc) just saying is all

DaveWcoins · October 11, 2014 3:21AM

I think Indeetlib may have it right. Can't tell from the images for certain, but it has the "look & feel' of a proof to my eyes.

jdimmick · October 11, 2014 8:12AM

I am pretty confident that Dave Kahn knows this is 100% a business strike coin or he would not offer it as such. You wont find a more honest down to earth straight up dealer.

numisma · October 11, 2014 12:40PM

<< I think Indeetlib may have it right. Can't tell from the images for certain, but it has the "look & feel' of a proof to my eyes. >>

I am pretty confident that Dave Kahn knows this is 100% a business strike coin or he would not offer it as such. You wont find a more honest down to earth straight up dealer.

I think that you are both right. David Kahn is a coin guru and highly ethical, but so is Indeetlib. And DaveW is right that you "cannot tell from the images for certain." FWIW, I am in the circ Proof camp.

ScarsdaleCoin · October 11, 2014 2:12PM

Nothing to do with Rattler. It's a very tough date

BillJones · October 12, 2014 1:19AM

For what it's worth here is an 1867 trime in PR-65, Cameo as a comparison. There is no doubt about this coin's Proof status.

roadrunner · October 12, 2014 10:56AM

<< There's skin on them bones!
Original...
Behind that skin is very little sign of wear.
More than a little under graded IMO. Original skin goes a long way. >>

What he said. It doesn't look much different than a Mint State coin to me. Where's the wear? And it's a far more pleasing coin than that AU55 with an old dipping/light cleaning.
Looks to have rounded rims and weakish details (stair points and ridges, shield lines, etc.).

Remind Me to Buy 3CS's in Rattlers When I See Them...

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