Smokin' fathead

REALGATOR · January 27, 2015 10:16PM

Buy the holder not the coin:

2 very distracting scratches and it gets a grade! You might as well net grade all graffiti.

1813 $5

I'm posting this because of an 1842-O Eagle I have for sale on the BST. Interesting contrast in grading opinions.

messydesk · January 27, 2015 10:23PM

It looks like it was net graded.

lostincoins · January 27, 2015 10:32PM

looks like bothe figures are chewing a piece of straw!

CaptHenway · January 27, 2015 10:39PM

<< <i>looks like bothe figures are chewing a piece of straw! >>

Yeah, don't look like cigarettes.

Sonorandesertrat · January 27, 2015 10:44PM

The placement of both major marks makes me think that they were deliberately made (graffiti). This should not have straight graded.

valente151 · January 27, 2015 10:56PM

A lot of OGH coins were net graded- it's one of the reasons I don't agree with people just blindly buying OGHs because they assume they are always under graded. Looks like a mid range AU without those scratches to these tired eyes. Nowadays, this coin would not straight grade.

CaptHenway · January 27, 2015 11:04PM

<< <i>The placement of both major marks makes me think that they were deliberately made (graffiti). This should not have straight graded. >>

Definitely deliberate.

brg5658 · January 27, 2015 11:26PM

Apparently the buyer in the May/June 2012 auction wasn't a fan of the coin, because it appeared again shortly thereafter in the August 2012 Heritage auction, and actually sold for slightly more than the first time.

------------------------------------------------------
The May/June2012 description:

1813 $5 XF40 PCGS. BD-1, R.2. The Capped Head Left ranks among the rarest gold designs. The 1813 is the most available date within the series, and is often selected by early type collectors. The present apricot-gold representative appears to grade AU upon first glance, due to its sharpness and luster extent. However, thin marks are noted near the lips, beak, and wingtips. Housed in a first generation holder. -- Sold for $5,606 (including BP)

And the modified (more honest) August 2012 description:

1813 $5 XF40 PCGS. BD-1, R.2. One of the most difficult series to collect by date, the Capped Head Left design is collectible as a type chiefly due to the 1813. The present example appears to have the sharpness of a slightly higher grade but has four pinscratches located near the mouth, beak, and wingtips. Certified in a first generation holder. -- Sold for $5,875 (including BP)

BillJones · January 27, 2015 11:27PM

I agree. Because of those deliberate marks, I would reject that coin out of hand.

brg5658 · January 27, 2015 11:29PM

<< <i>Buy the holder not the coin:

2 very distracting scratches and it gets a grade! You might as well net grade all graffiti.

1813 $5

I'm posting this because of an 1842-O Eagle I have for sale on the BST. Interesting contrast in grading opinions. >>

There are actually 4 distracting marks. There are also two from each of the wing-tips to the rim of the coin on the reverse (in addition to the "mouth" lines from the bust and the eagle).

Broadstruck · January 27, 2015 11:42PM

The Eagle looks like it's Conducting a Orchestra

Baley · January 28, 2015 12:10AM

Test marks from when the coin was new and the design unfamiliar, someone scratched it a few places to veryify it was solid gold rather than gold plated before accepting.

Looks net graded, however the inconsistency is noted, similar coins are often "bagged" or "genuine-ed".

IMO all coins should be net graded with a number, no matter how low. ALL coins.

ricko · January 28, 2015 12:23AM

I would not be a buyer for that coin...especially not at those prices.....PMD.... Cheers, RickO

ChangeInHistory · January 28, 2015 6:54AM

I understand the title of the post, but I was thinking someone sent in a coin image to made into a Fathead!

....and I'm in agreement, that coin should not have straight graded.

Smokin' fathead

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