Bells & whistles (coin posted: 1844-O half)
rhedden
Posts: 6,632 ✭✭✭✭✭
I put a coin on hold last week, which has enough "bells & whistles" to make me chuckle a bit:
PCGS AU58+
Only plus-graded AU58 for the date
Secure+ holder
Green bean
Pretty toning
Low population (only 27 Uncs. in the Population report for the date, and I doubt there are that many out there)
Coinfacts plate coin
It used to reside in an NGC MS62 holder with no bean, star, or other fanfare, and it sold in that holder in a 2015 Heritage auction for about $200 more. Which holder would you rather have it in? It's the same coin either way.
I don't own the coin yet, since my check is traveling to the seller, so I'll wait until I receive it to post a pic. It's a really nice one, with or without the shiny decorations.
0
Comments
I think I'd prefer the coin in an NGC MS62 holder. Seated quarter?
I'd prefer it out of any holder and in my Dansco.......
bob
PCGS 58+, CAC, pop 1?
Without seeing the coin...yes, I'd take it over an NGC 62.
Lance.
I'm wondering if it would have more long-term potential in the 62 holder.
I prefer to see the coin... and the holder makes no difference to me.... It would, however, if I were selling coins... Cheers, RickO
I'll post the coin once I officially own it. It's a Seated half.
Looking forward to seeing it - just try and keep the noise down with all those bells and whistles - lol
I'd rather have it in raw.
If it is really a super nice au58 then it should be in an au58+ because then to would be properly graded.
My thoughts exactly. The coin is an AU58 in my opinion, and I like them properly graded too. There seems to be just a trace of rub on the high points (knee, eagle's leg feathers).
Here is the coin now that the seller (CRO) has my payment and the coin is in transit.
"What's that line on the reverse?" It's possibly a toning line from storage in a paper envelope. The toning seems consistent with other coins I have seen that sat in a paper envelope for a long time.
Here's a link to the Coinfacts page for the 1844-O halves so you can compare this coin to MS62-graded pieces. I really like the MS-64 example shown, but I bet I would not like the price tag so much!
pcgscoinfacts.com/CoinImages.aspx?s=6246
Sounds like the only thing that could make it better is if it was the 1844-O 50C Doubled Date.
She is a beauty!
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
Beautiful whatever the grade on the plastic says.
Click on this link to see my ebay listings.
That is a very beautiful coin, and it is accurately graded because there is rub on the knee.
Grade deflation....
I saw that coin too, and was ready to make a call before I saw the words ON HOLD under the coin. Congrats, that coin appears to be a stunner!
10-4,
My Instagram picturesErik
My registry sets
I saw it also. Very nice!
That coin is destined to be "re-inflated" someday. That's no AU58 imo. Sure, it has some knee rub, what half dollar in a MS61/62/63 holder from the 1840's doesn't? Good luck trying to find one that doesn't. Check out the Eliasberg MS64 1861-s half dollar. That coin has a huge leg rub far worse that this coin. That alone is apparently meaningless in market grading. The ex-Knoxville/Joe Thomas NGC MS67 1839 no drapery half also has a big knee/thigh rub. 1840's seated half dollars don't tend to reach "honest" full luster, no rub - "full" mint state until a grade of MS64 or 65. If we graded all pre-1853 seated and bust coinage as AU's because of knee or bust rub, we'd have to kick out 60-80% of all current MS61's to MS63's.
That 1844-0 is equivalent to everything in pre-seated 1850 halves that you see in 61/62 holders (80% of them have obvious rub and at best 85% mint luster). I'd still agree with what I said in my first post. I'd prefer it in the NGC MS62 holder. As a 44-0, even harder to find them in lower MS grades w/o rub. I'd bet even the MS64's have knee rub, though with "mostly" full field luster. Great coin you picked up. And imo it's worth MS62 money no matter what you call the coin. I can't imagine a nicer or more appealing 1844-0 in any holder from 55 to 62. You got a beaut.
that is a great looking coin no matter what the grade
Here's a listing of MS64 1861-s halves at Heritage archives. I only looked at the first 6, all had knee rub. Didn't see the Eliasberg coin in the group, which has a large flat plateau down half the leg. The 44-0 would be as challenging to find without knee rub. I'd almost equate tiny knee rub on seated halves to the upper wing tip rub seen on capped bust halves. Most all early coins have it except at the 65/66 level.
https://coins.ha.com/c/search-results.zx?Ne=46&N=51+790+231+373+3964+72+1589&expand=Mint Mark&ic4=Refine-MintMark-102615#expand-46
1844-0 half MS64 CAC with knee rub.
https://coins.ha.com/itm/seated-half-dollars/half-dollars/1844-o-50c-ms64-pcgs-cac/a/1151-3788.s?ic4=ListView-Thumbnail-071515
1844-0 MS62 CAC....with knee rub.
https://coins.ha.com/itm/seated-half-dollars/half-dollars/1844-o-50c-repunched-date-wb-104-ms62-pcgs-cac/a/1236-3899.s?ic4=ListView-Thumbnail-071515
1844/1844-0 MS61. Lot of high point rub on this one. Minimal to no luster on her right arm, shield scroll, and 1/3 of the fields missing luster, etc. The high points are shiny. Might not be any flat knee rub, but doesn't look like there's anything but dullishness on her upper legs. Won't even mention the digs/scratches in the right obv field. In looking at all the AU55/58's at Heritage, including CACs, your coin blows them all away in every category. At $1645 last time out as NGC MS62, that's more indicative of a "typical MS62" price....vs standard AU58+.
https://coins.ha.com/itm/seated-half-dollars/half-dollars/1844-o-50c-doubled-date-wb-103-die-pair-22-r4-fs-301-ms61-pcgs/a/1234-3499.s?ic4=ListView-Thumbnail-071515
I like the aesthetics of your newp. Ron. I was looking at the PCGS MS64 over at Pinnacle yesterday, but your coin has more eye appeal IMHO. I've owned several XF-45's of the date, and my prooflike MS64 that was the first to make MS64 at PCGS, which is still in my box of 20. A very under-rated date above AU-50.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
Ron, you have a good eye for this sort of thing, and if your purchase is blessed by RR - who I think knows more about higher grade Seated material than anyone else here - you're good to go. John Agre is also a good guy who sells nice coins. I had given up on finding a Matron Head Large Cent up to my specs until he sold me one which had my name on it.
I wouldn't be overly concerned with the pop, grade, holder, bean, etc., because opinions change over time, etc. Plus the fact that you plan on keeping the coin in any event.
"Seu cabra da peste,
"Sou Mangueira......."
Another thing I just noticed. Even the rim on Ron's 1844-0 half is evenly toned and probably with luster on much of it. Most AU coins have a messed up rim showing heavy wear, well rounded edges, bruises, and signs of handling. That stuff often wears any of the old toning off. None of that appears on your coin. And if the slight color break on the right knee is actual wear, there should be some present elsewhere on Miss Liberty's and Mr. Eagle's numerous high points....none of which I see in the photos.
That is a very attractive coin.
Thumbs up to John at CRO for having a discerning eye for quality!
Wasn't the person who really had the discerning "eye for quality" the one who figured out the coin could be PCGS AU58+ CAC rather than NGC 62 and beanless? Though getting $200 less for it is that puzzling part.
I agree that the price "drop" was strange. However, consider that my purchase price was way above what a typical-looking AU58 would cost. Perhaps the auction price was too high, and it was the result of a previous bidder's hope that it might make MS63. John from CRO told me he bought the coin in the PCGS holder with the bean, presumably at a lower price than what I paid. Some previous owner likely tried to cross it, and he/she could not get it into a PCGS 62 or better holder, so some money was lost along the way.
Too bad you cant pair it with the awesome seated quarter Tom Bush had for sale last month. They would have gone together nicely in a type set, dont you think?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
This old thing?
The 44-O is simply GAHWGHUZZ, as they would say in New England.
Similar toning pattern on that 1889 quarter. It's a stunner!
Nice coin!!
Latin American Collection