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1873-CC Trade Dollar in MS64 just sold at HA

MilkmanDanMilkmanDan Posts: 3,761 ✭✭✭✭✭

link to auction

I was watching this one and it just ended over $38k. Now that the auction has ended, I wanted to ask if anyone was able to see this coin in hand. To me, it doesn't look like an MS64, the picture shows what appears to be a spot removal in a very central location on the obverse. My eye is immediately drawn to it. Was it much better than the pictures show? Thanks to anyone who got to see it and can comment.

(Yes, it's a scarce variety and likely the 'finest' graded example of that variety, but I hope the buyer wasn't banking on that aspect)

Comments

  • AUandAGAUandAG Posts: 24,944 ✭✭✭✭✭

    I too agree that something seems to have be performed on that example.
    Toning is not natural in my opinion, from those pics at least. If it looks like it was painted on, it probably was. No toning pullback on either side.....On the other hand, sure has a lot of detail which it should.

    bob :)

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
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  • skier07skier07 Posts: 4,395 ✭✭✭✭✭

    That IMHO is not very attractive and the first thing I see is that gigantic spot.

    Perhaps the new buyer is going to conserve the coin and give it a fresh look.

  • WalkerfanWalkerfan Posts: 9,762 ✭✭✭✭✭
    edited April 27, 2018 8:56AM

    Not distracted by any singular spot but overall the coin is too dark for me and the toning is unattractive.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    I saw the coin. If I liked it I would have bought it. It was extremely dark and blotchy. Hard to tell if the grade was right. I think $38G Hammer was very strong for it. I bought the NGC MS64 from a Heritage sale earlier this year for over $50,000.00-and it was one of the finest I ever saw (TDN now owns it).

  • MilkmanDanMilkmanDan Posts: 3,761 ✭✭✭✭✭

    @specialist said:
    I saw the coin. If I liked it I would have bought it. It was extremely dark and blotchy. Hard to tell if the grade was right. I think $38G Hammer was very strong for it. I bought the NGC MS64 from a Heritage sale earlier this year for over $50,000.00-and it was one of the finest I ever saw (TDN now owns it).

    Thanks for the report. $38k is a lot of lettuce for an unattractive coin.

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  • ShadyDaveShadyDave Posts: 2,217 ✭✭✭✭✭

    My eye goes directly to that spot on the reverse the second I look at it. Not a fan of it, but someone probably wanted some big registry points... maybe its better in hand. If the new owner is happy, that is all that matters.


  • DoubleEagle59DoubleEagle59 Posts: 8,379 ✭✭✭✭✭

    Oh wow!

    Me no likey.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • rln_14rln_14 Posts: 686 ✭✭✭✭

    absolutely not a fan of how this coin looks, and the spot on the ob. is terrible imho

  • gripgrip Posts: 9,962 ✭✭✭✭✭

    That spot may be a tear drop from the buyer...J/K

  • kazkaz Posts: 9,280 ✭✭✭✭✭

    I don't really care for toning that looks like camo obscuring the design. And the bright spot on the obv is too distracting for me as well.

  • tradedollarnuttradedollarnut Posts: 20,233 ✭✭✭✭✭

    The more 65 common dates that I see, the more I’m convinced that the one Laura bought for me is a gem

  • keojkeoj Posts: 1,000 ✭✭✭

    The 64 sold at FUN this year was an exceptional coin. I would say second finest known (after the 1st Legend 73-cc). The FUN coin went for much higher money the first time at auction (10+ years ago) as the original buyer believed that it was a 65 (or close to 65). This coin (great die rarity) just had too inconsistent toning. If the toning was more even (I like originally toned coins), it would be a great coin.

  • BoosibriBoosibri Posts: 12,417 ✭✭✭✭✭

    Coin looks like crap

  • thebeavthebeav Posts: 3,937 ✭✭✭✭✭

    I hate to make the buyer of this coin feel badly, but it's not for me.
    I've owned an NGC AG3 and an NGC AU 50, and I liked them both more......
    I must admit, I have not seen this coin in hand.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    That spot is very strange... and becomes even more strange under magnification.... I would say this coin was purchased strictly for how scarce they are. Cheers, RickO

  • johnny9434johnny9434 Posts: 29,318 ✭✭✭✭✭

    pass. its not for me. jmo

  • goldengolden Posts: 9,999 ✭✭✭✭✭

    Not a fan.

  • CryptoCrypto Posts: 3,875 ✭✭✭✭✭
    edited April 28, 2018 6:53PM

    I see it as UNC details tooled/spot removed and then AT. The toning most likely got worse after the coin was holdered in the 2005ish NGC gen which IMHO is some of the weakest grading in the TPG business save for some of the last little white Anacs holders before the switched and went down hill. It sold also in 2009 for 29k.

    Even if I am wrong, what grade would it cross at PCGS? Would it cross? Even at MS62 Cac that is a 30k bath. That coin is no PCGS62 Cac

    One of the clearest examples of a tomb I have seen at non-elite levels of the hobby. The only play here is to reholder at NGC and sit.

    I am a buyer at 3800$ in a PCGS UNC details holder for the incredibly rare die pair.

  • CryptoCrypto Posts: 3,875 ✭✭✭✭✭

    @saltlydog4 said:
    I saw it as well. My eye is still being trained, but I didn't like it. The spot definitely seemed like spot removal to me. I agree with @specialist that it was very dark in hand and blotchy. I thought it would have gone for a lot less- maybe there are more trade dollar specialist collectors than we thought?

    Most likely just an elite grade better date CC with someone who bought the holder

  • SmudgeSmudge Posts: 9,825 ✭✭✭✭✭

    Don't forget 20% buyers fee. For that much money a coin should at least look good.

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