A MS65?
Numiven
Posts: 382 ✭✭✭
I was looking through some high grade examples of 1911-D G$2.5 and stumbled upon a piece for sale for $52,000
I was sort of stunned to see this coin was graded MS65 by NGC.
IMO, it looks over graded, which in turn when buying or selling is worth $20-$30k more or less.
http://www.collectorscorner.com/Products/Item.aspx?id=21504019
What do you think?
Any ideas how it made it to MS65?
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Comments
Looking at the pictures, the only issues apparent (under magnification) seem to be the minor hits in the fields - which - in hand - would likely be all but invisible....I may be missing something since I did not spend a long time on it, but the details seem very sharp and unmolested. Now, being NGC, we know that 'often' it becomes a grade lower at our host.....however, that being said, it is in a 65 holder and I would say the seller is going for the premium....and that is less than the optimal price. Cheers, RickO
All you have to see are those three letters! N-G-C.
Just as RickO stated.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.I feel confident that if I sent that coin in I would get a 61 or 62.
IMO, over graded due to # of hits. The originality and luster (we cannot judge by the image) of this coin must be outstanding for them to assign a MS-65. If that is the case, I'll bet our host would grade it 64 or no lower than a 63.
Exactly, thats what I thought. The price difference is something like 35k from 61 to 65.
IMO, in its early days NGC was more strict on gold than PCGS. I once cracked (1989?) an NGC PR 64 2.5 Ind. then did the one day walk through service with PCGS and the coin came back PR65.
Hmm.... I have had NGC holdered coins that were cracked out, sent to out host, that came back a grade higher, I have had NGC holdered coins that were cracked out, sent to our host, and came back a grade lower, I have had NGC holdered coins that were cracked out, sent to our host, and came back with the same grade, on average, after perhaps 50 crack outs, it is pretty much even, hmm...... go figure.
Best, SH
Looks pretty nice to me. It certainly has nice skin and flashy luster. Strike detail is phenomenal. I'm not a gold expert, but minor hits don't seem to be terribly important. The other qualities carry the coin and are not diminished by a few trivial hits.
It might grade a point differently at our host, but it might grade the same too. Just my opinion.
"Minor" is in the eye of the grader. When I look at a $2 1/2 with flashy luster THEY ALL start at MS-62, even the coins with rub on the cheek, bonnet and wing. If I don't see any major detracting marks and the coin is original, with flashy luster I'm in the MS-63 range depending on how much rub there is in the places I mentioned. MS-63's can have obvious marks. When I go to 64 or 65 there is no rub on the coin and you need to look for marks.
The OP's coin is over graded. It would just make my personal MS-63 but I'm much more conservative than either NGC or PCGS and as I originally wrote...The originality of the surface and blaze of the luster may not show in the image which could push it to a 64 MAX.
Something else to consider. TPGS grades get tighter as the value goes up. Several graders saw this coin and they have put NGC's reputation and money on the line. I do not think that coin was evaluated lightly. So I'll just say: We can find over graded, correctly graded, and even under graded coins in holders from EVERY major TPGS. That coin fits one of those categories for collectors/dealers who get to examine it.
For comparison...the naked 1908 was bought as an AU. The slabbed 1908-D is MS63
looks within 1 grade to me....
It has less marks than a 64 so I don't think 65 is out of line.
Like any coin you need to see it in hand.
Maybe is the Pics? but I'd question the authenticity of the first coin.
Looks ok as a 64/64+ to me. Just too many marks. The obverse has a sprinkling of field marks that taken alone, make it close as a 65. Then tossing in the upper right reverse field sends it out of the park. Currently owned by a leading gold dealer that certainly knows the grading/pricing game inside/out.
https://coins.ha.com/c/search-results.zx?N=790+231+3183+392+1582+3981+72&ic4=RemoveFilter-071515
Can't see it's all that much different than the 64's pictured above. I guess if the luster/strike were quite superior it could add 1/2 a point.
Looks like NGC got it right. Nice coin.