EARLY US GOLD VALUATION QUESTION/ 1807 $5 UNC DETAILS
Verno
Posts: 327 ✭✭✭
So we were offered the coin below, and think it is very nice with a good strike, minimal marks (vertical scratch on obverse on holder)...a few stray lines, planchat flaw reverse .. good luster, great eye appeal for a cleaned coin...but was improperly cleaned....my question how do you value? Looks much nicer than a lot of unc...but in an unc details holder....Thoughts? THANKS! RJ
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The first thing I’d do would be to look at auction archives for any Unc. details examples of that date (and others of similar value within the series), that have sold during the past several years. And in particular, for “cleaned” ones. I’d also look at prices realized for straight grade XF examples.
Edited to add: Personally, I wouldn’t describe the unoriginal looking coin as having “good luster”, “great eye appeal” or “very nice”.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Thanks for the input Mark, as per your comment below, my assessment** was in the context of the improper cleaning**...it should never straight grade...however , in hand, it has very good eye appeal in my opinion much better than the unnatural look of the scan, and btw received a very strong cash offer from the first person to see it yesterday....
RE: and btw received a very strong cash offer from the first person to see it yesterday....
You should have sold it!
Probably, but statement was made to reinforce coin better looking in person, not as a business transaction...sorry if it came out that way.
Such coins are usually described and priced ( by those who actually own, buy, and sell such coins, not by those who say and do "cleaned. -Pass.") as, for example
Uncirculated details, very lightly cleaned, Net AU50, or
Choice AU details, cleaned, Net VF35, or
Uncirculated details, heavily cleaned and polished, Net F12
Or other combinations, as the case may be.
Again, for some collectors and dealers, they will not be interested at any price in a "problem coin", but the relevant ones will be very interested at a fair price.
Liberty: Parent of Science & Industry
sage advice so far imo.
it does look like a very nice strike comp to some CF examples but it is possible the scan is making it look that way so i'll take your word when you say it is struck well.
is it cleaned or whizzed? from the obv image it looks pretty harsh to my eyes. doesn't mean it isn't a desirable coin. do you buy items like this over the course of any given year normally? if so, then if you have outlets to move i., i'd not hesitate if bought in the right price range. for sure look up completed auction comps as i've seen early gold like this go WELL below wholesale. ie: this coins predecessor.
if you have the time can you upload a scan of the insert front/back please. ty - you can block the cert and scan if you want of course.
can't be too many people that don't like this early usa gold. i never get tired of looking....