GTG Fun: BU 1904 $2.50, UPDATED

JGnumismatics · January 10, 2015 1:04AM

Hey guys, picked this locally out of my nearby B&M

I think its a lock 63, could be wrong but I'm interested if it has any potential past that. I'm getting much better at grading as I continue my numismatic adventures, but I still have problems with gold sometimes.

Comments and Criticisms are all welcome

Thanks for looking and participating!

Boosibri · January 10, 2015 1:10AM

64. Nice coin

lasvegasteddy · January 10, 2015 1:18AM

not my series but i'll say this
surely has the luster and frost
obverse looks 63/64
man that reverse looks like it should 65+ easy

sweet example
fill us in on finer details later...update if you get it graded

DeepCoin · January 10, 2015 1:20AM

Tough to grade old gold from a picture, but having sent in some gold this year, I would tend to see it as more of a 63/64 coin. PCGS is tough on these, but I am hoping you get a 64!!

Again, impossible to grade from a picture for all the known reasons, but I LOVE to guess! Edited to change guess on grade

lunytune2 · January 10, 2015 1:30AM

Highly polished ... I will give you $50 for it so you don't have to deal with it

JGnumismatics · January 10, 2015 1:31AM

<< Highly polished ... I will give you $50 for it so you don't have to deal with it

>>

SOLD!!!

hahah thanks tony

Jake

jdimmick · January 10, 2015 1:32AM

Jake,

I saw this coin when you had it on the BST sale section. Almost contacted, but the cost to have it graded, left me with no profit on the coin, unless it 64'd for sure. Hard to judge from pics. As mention PCGS is tough on these. Jope you get the 64

JGnumismatics · January 10, 2015 1:42AM

<< Jake,

I saw this coin when you had it on the BST sale section. Almost contacted, but the cost to have it graded, left me with no profit on the coin, unless it 64'd for sure. Hard to judge from pics. As mention PCGS is tough on these. Jope you get the 64 >>

Yeah I took it off mainly because I felt I was shorting myself. That's my issue too as with cost, time gone, and risk is it worth when it I can possibly get a premium as is.

puffer · January 10, 2015 1:44AM

64 maybe better. And you may want to consider copper spot removal. I hear they use something like nitric acid.

Boosibri · January 10, 2015 2:03AM

<< 64 maybe better. And you may want to consider copper spot removal. I hear they use something like nitric acid. >>

Leave it alone in my opinion. Demonstrates originality and it is hardly distracting where it is.

I made two 64's this week, a 1904 and 1907. I think that the coin has nice frost, the scattered marks on the portrait and in the obverse left field limit the grade. I see a 64 but would have no issue with a 63 or 64.

rhedden · January 10, 2015 2:13AM

I wouldn't mess with the copper spots either. To me, they are just part of the toning on this coin.

The cheek has enough chatter to make me think that it will be distracting under a bright lamp, and the coin will grade 63. But the fields and overall look are just fine for 64, and the reverse looks 65. You might be able to grade it better with the coin in-hand. I would send this coin in for grading if it were mine. If it comes back 63, maybe send it to CAC.

puffer · January 10, 2015 2:16AM

But I would be concerned with a later sale, where HA and Rarcoa deduct $50 usually for any copper spots. The cost of having it done after certification, shipping, insurance, etc. are even more than that. It depends on the objective of the OP, but CAC does not consider most copper spots distracting unless they are.

Boosibri · January 10, 2015 2:19AM

<< I wouldn't mess with the copper spots either. To me, they are just part of the toning on this coin.

The cheek has enough chatter to make me think that it will be distracting under a bright lamp, and the coin will grade 63. But the fields and overall look are just fine for 64, and the reverse looks 65. You might be able to grade it better with the coin in-hand. I would send this coin in for grading if it were mine. If it comes back 63, maybe send it to CAC. >>

Completely agree with this

grip · January 10, 2015 2:22AM

<< not my series but i'll say this
surely has the luster and frost
obverse looks 63/64
man that reverse looks like it should 65+ easy

sweet example
fill us in on finer details later...update if you get it graded >>

All the above.

crypto79 · January 10, 2015 3:26AM

<< 

<< I wouldn't mess with the copper spots either. To me, they are just part of the toning on this coin.

The cheek has enough chatter to make me think that it will be distracting under a bright lamp, and the coin will grade 63. But the fields and overall look are just fine for 64, and the reverse looks 65. You might be able to grade it better with the coin in-hand. I would send this coin in for grading if it were mine. If it comes back 63, maybe send it to CAC. >>

Completely agree with this >>

This

ricko · January 10, 2015 4:13AM

Worth a shot at a 64.....if you send it, be sure to follow up here with the results...Cheers, RickO

roadrunner · January 10, 2015 4:15AM

<< But I would be concerned with a later sale, where HA and Rarcoa deduct $50 usually for any copper spots. The cost of having it done after certification, shipping, insurance, etc. are even more than that. It depends on the objective of the OP, but CAC does not consider most copper spots distracting unless they are. >>

Spots have to be extremely distracting for CAC to not sticker a coin that was otherwise worthy. I had a crusty but blazing MS65 PCGS $20 Lib that stickered....and that coin must have a couple dozen of small spots on both sides. That was about as distracting as you could get.

I like the $2-1/2 as solid 63 to lower end 64. Hairlines not seen in the photo could play a role. The market doesn't usually care what grade is assigned as spreads are small from 63 to 64. Common dates trade based on the label.

JGnumismatics · January 10, 2015 4:20AM

Appreciate all the insight guys!!

My plan is to attend my local show tomorrow in Auburn, MA and show a couple of my contacts there and get in hand thoughts. If I can't get the $$$ raw that I want, then off to the slab factory it goes.

Moldnut · January 10, 2015 4:31AM

It looks lovely, but I agree with Jim as I would guess many would what to get this at 63 money being raw. What's the price difference between 63 and 64? I think it's something like $150 would be my guess. Not enough reward for the risk IMO.

JGnumismatics · January 10, 2015 4:42AM

<< It looks lovely, but I agree with Jim as I would guess many would what to get this at 63 money being raw. What's the price difference between 63 and 64? I think it's something like $150 would be my guess. Not enough reward for the risk IMO. >>

Well its a generic date, so greysheet type bids are $450 in 63 and $560 in 64. Auction record wise the numbers are $500 for 63 and 700 or less for 64. Then again, those numbers typically include the BP as well.

puffer · January 10, 2015 5:50AM

The premiums have come way down on these. So unless it gets into a holder, I don't know any dealer at Auburn who would offer you anywhere near 64 money for it unless it is in the holder. Possibly "tough coins" (Mike) or Gardner? There is a chance you could get a 64+ or gem grade but there is a little substance on the obverse around the date that should come off with acetone. Another route would be G.C. that will get the coin graded at PCGS and auctioned.

Unknown · January 10, 2015 5:55AM

This content has been removed.

AUandAG · January 10, 2015 5:56AM

I say it's a fake....denticles by the date are off....

Of course it's not my series but I would not buy that coin as a non gold person.

bob

darktone · January 10, 2015 6:42AM

I think it's real without a doubt. Really looks 63-64 but that date area does stand out as a problem. Surely it's worth 63 money. 64 I don't know?

mercurydimeguy · January 10, 2015 8:27AM

Raw mid-grade relatively common gold with nothing special about it? Factor in the cost of slabbing? Your call...

The coin won't 64 in my opinion. Way too common, too much going on in the cheek, and I owned a 62 that then become a 63 (see below)...meaning this is a maxed out 63, and I don't think the 1904 coin is head/shoulders better.

So it might 64 but then again you are out the coin for at least 1 month, and in total about $60 in cost.

I would sell it raw, make a few $$, and move on...

puffer · January 10, 2015 8:34AM

PCGS is the best and most marketable option to get no problem coins like this graded. I'm not sure whether a restoration option should be considered for maximum eye appeal. Plus there are expedited grading options. It all depends on whether the objective is making the maximum money or having an attractively certified coin in a classy and top notch manner. Coin is fresh looking.

AMRC · January 10, 2015 9:27AM

This is a coin I would send in for grading all day long. And from those photos it can easily be in a 64 holder.

VanHalen · January 10, 2015 9:32AM

Looks like an easy 63 with a shot at 64. As a 64 I would see it as a "C" coin for the grade.

Don't get me wrong because it is a very nice coin that appears to be a solid 63.

puffer · January 10, 2015 10:06AM

Strike and luster compensate IMO for marks here unless there is hairlining, etc., which I doubt.

darktone · January 10, 2015 10:55AM

<< TextThe coin won't 64 in my opinion. Way too common, too much going on in the cheek, and I owned a 62 that then become a 63 (see below)...meaning this is a maxed out 63, and I don't think the 1904 coin is head/shoulders better. >>

I do think he OP's coin is head/shoulders better than your coin. Your coin does look like a 62 the Op's coin is a 1-1/2 points nicer in my opinion.

puffer · January 10, 2015 11:12AM

<< 

<< TextThe coin won't 64 in my opinion. Way too common, too much going on in the cheek, and I owned a 62 that then become a 63 (see below)...meaning this is a maxed out 63, and I don't think the 1904 coin is head/shoulders better. >>

I do think he OP's coin is head/shoulders better than your coin. Your coin does look like a 62 the Op's coin is a 1-1/2 points nicer in my opinion. >>

mercurydimeguy · January 10, 2015 11:29AM

If it's a coin one buys for his/her collection then send it in, but if its a coin bought for resale there isn't much upside less grading fees.

I am still saying this coin has 30% chance at a 64, but as all have said it is hard to grade from poor photos.

Rodebaugh · January 10, 2015 11:39AM

I would buy it at a 63..... nice coin

Good eye.

JGnumismatics · January 11, 2015 6:55AM

Hey guys,

Few people wanted to know what happen once it sold or got graded. I decided with my cost and grading fees it wasn't worth the chance and I decided to offer it today at my local coin show for $500, marketing it as a 64. I showed approximately 3-4 dealers, and most agreed it was a 64 as well. One dealer in particular, known for buying a lot of gold decided to step up to the plate and play very close to the $500 price tag. I was happy with what I got and moved on!! I paid 62 generic money so I made out well.

lasvegasteddy · January 11, 2015 7:21AM

aw man
i love the grading experience myself
it just adds something....finding um raw and sending um in

joebb21 · January 11, 2015 10:18AM

Looks like a solid 63 maybe 63+.

TopographicOceans · January 11, 2015 11:09AM

63+

Shamika · January 11, 2015 11:24AM

That's a great piece. I'd grade it MS64.

puffer · January 11, 2015 10:12PM

Congrats on selling the rare coin, I have never had luck doing that, must be in the holder or you get the critical analysis. I showed a Pan-Pac 50c that was super nice to Joe/Gardner Coin and he offered 63 money, he said unless I got it in the 64 holder he wouldn't raise his offer. So I sent it in and it graded 65+! Then it was worth a lot more.

Timbuk3 · January 12, 2015 6:49AM

Great job Jake !!!

coinkat · January 12, 2015 7:22AM

I agree with Boosibri- Looks to be a 64 and leave it as is...

GTG Fun: BU 1904 $2.50, UPDATED

Comments

Leave a Comment