resubmit 1874 $3 AU-53 OGH?
Azurescens
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I have a submission going out in the morning. I hate looking at this coin because is it really au53? It's a stunning lustrous beast and generally free of problems. It has a "Littleton Select" sticker below the printed date. Scratches are on the slab.
I would appreciate your candid opinion.
It's a generally granular year and looks like how most 1874 look so what is tanking the grade? You can see how clean the fields are in the last two pics. Thank you.
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Comments
So....what's the upside?
In honor of the memory of Cpl. Michael E. Thompson
Am not familiar with the series, but the top pics looks like the coin was lightly cleaned and net graded. You see light cleanings get graded with Bust, but not Seated $s. Don't know what the standards in this regard are for $3 gold. Have also seen Draped Bust Copper get net graded, rather than bagged, for all sorts of issues.
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Just leave it as is.
I would opt to send it to the bean factory and not lose the old holder, costs less and I think the upside could be just as good.
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Yeah, I don't see any.
It’s covered in hairlines and was probably scrubbed (as a lot of gold is). The coin is maxed out IMHO and even if it upgraded losing the OGH and sense of stability it provides would probably make it worth less. I would leave it.
I would be shocked with a sticker. It looks highly unoriginal and probably DOA at CAC.
I would leave it in the OGH and send it to CAC. Unless it grades 58+ or higher the value of the coin doesn’t change that much.
I wouldn’t resubmit it. The pictures give a far less impressive description than you do.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Good luck.
Looks like there are a lot of wispy hairlines in the images. I'd leave it in the old holder... appears to have been net-graded.
Littleton = keep it in the same holder
Let me let you in on a little OGH/older NGC open secret. Many of the coins people think are under graded were NET graded for a problem that would get them a genuine holder today. This is especially true on gold coins. They did that because there was no other option and the coin’s merits ment it was more or less worth grading but at a lower price level. Here is a 3$ coin I own as an example
It is perfect old gold color, smooth surfaces and looks like an AU wear (XF with strike weakness near the rim letters and dull luster) but why the VF?
It has 3 tiny staple digs at 9 o’clock on the Rev.
There aren’t shiny but there is no way it would grade today. But the marks are keeping it out of a gold CAC sticker. To me, an OGH better date coin with gold CAC quality if not for a “Yah but” is worth the 2/3rds discount. Problem is many people/dealers play off people not knowing these realities and don’t always pass along the discount. Buyer beware
Your coin has a range of possible outcomes to include
-Gen
-50
-53
-55
None of those are worth more than than a 53 OGH and your likely hood of a sticker is slim. But that is a low risk move if you have a way to submit. If you like it...don’t mess with it.
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THIS!
The other common problem on OGH gold is putty. I have had several gold dollars, that I owned for decades, showing signs of this. Not much help anymore from PCGS on this problem.
It's a stretch to think it will 55; and even if it did, it wouldn't be worth the loss of the OGH if it were mine. The difference between 53 and 55 is $100 in both PCGS and CAC guides. I'd certainly get it submitted for a bean. Hard to judge from just photos, but I'd say it's a 50/50 chance.
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Leave it
Sell and get a different one.
Of the 7 coins listed on CoinFacts in PCGS 53 and 55 that sold within the last 12 months, the highest and lowest prices are for 53s. The 55s are all in the middle. Pull the Littleton sticker, polish the slab, and be done with it. I don't see a 55, anyway.
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That's somewhat scruffy.
I agree with you but it is a far less expensive way to find out that the op should leave it alone than to submit and loose the OGH.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Let it be.....no upside.
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I would leave it in the OGH, sell it, and find a better one.
Wish I had thought of that.
Well, you didn't say leave it in the OGH, and you said get a different one, not a better one.
I hate net grading. Are PCGS and NGC still doing it? Grading is hard enough without trying to figure out if I am stupid, the grade is wrong, or the coin is net graded and why. Net grading also doesn't do the hobby any favors as how is a newbie supposed to know this? They should have put the word "net" on the slab....
In my opinion yes, market grading is net grading imo. As to the older slabs, slabbing coins was still in its infancy and I suspect that the silent net grading was a way to get more dealers and collectors on board with the idea.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
i think the coin has a light cleaning. i would leave it in the holder.
@Azurescens It looks like everyone has been candid and generally gave the same opinion. Good job on you for asking!
No
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Wow tons of amazing info, cool. Thank you all so very much for the help. I really appreciate it.
Already on it. (Please dont kill me I know she's not a gem, price was right, it will sell.)
I agree, looks about correct to me, in no way an upgrade
This deserved it's own quote tree. Just wanted to leave it here for future reference or if anyone ever has a question on
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PCGS net graded OGH, old green holder, net grade old holder. Old slab, old PCGS slab.
That does not look authentic to me. For those who get triggered by the lack thereof: I am not an expert in gold, but I do spend a lot of time buying / selling raw coins.
There's a lot wrong with the 1854 piece, even if authentic, which I doubt. It has been cleaned, the rims have been messed with, and it looks like there's an ex-jewelry repair (12:00 rev, 6:00 obv).
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Thank you.
I didn't want to be the first to post this, since I was one of the earlier posters to this thread questioning what the upside was to the original question, but everything you mentioned came screaming out to me, as well.
In honor of the memory of Cpl. Michael E. Thompson
so long as your not getting counterfeits. doesn't matter too much about ex jewelry, polishing, cleaning etc so long as they are bought right and sold right. so i appreciate you posting all this gold and being objective and positive. keep up the good work and i agree with pretty much everything said in this thread.
do you have any books on gold counterfeit detection? there are some really good inexpensive ones. i've been meaning to pick up another one.
Great advice above, and I see you are taking the advisory to sell it, rather than taking the gamble to crack it and resubmit....Good luck with your sale. Cheers, RickO
I'm the one who gets triggered haha and your post here is perfect what triggers me is when people just say "fake" and don't come back to the thread to explain.
I agree with you and messydesk about this $3. I also agree with everyone else about leaving the OP coin alone.
I would leave it as is...
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The trouble with the 1854-O $3 gold is that it goes from AU to VF-30 almost as soon as the last bit luster is worn off the piece given the way it was struck. It took me a long time find one I liked. It was in one of those retro PCGS green label holders.
Right on the money!
I agree with you! I have never held an “all there” 1854-o in hand. Even with the staple dings it is one of the nicer I have seen in terms of strike and surfaces. They were all poorly made and later all dipped and striped generations after. They just don’t come attractive under 5 figures
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