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$20 gold--would not cross into MS holder

logger7logger7 Posts: 8,990 ✭✭✭✭✭

This coin was submitted from a defunct certification company, would not cross. How would you grade this?



Comments

  • jmlanzafjmlanzaf Posts: 36,273 ✭✭✭✭✭
    edited July 1, 2025 12:06PM

    It looks puttied in the bottom two photos. Not as much in the top one but it still could be puttied.

  • coinbufcoinbuf Posts: 11,802 ✭✭✭✭✭

    Hits me as AU, couple of areas on the surface look curious as well.

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  • BillJonesBillJones Posts: 34,752 ✭✭✭✭✭

    The first picture makes it look like an AU. If it has been puttied, they didn't make it into an Unc.

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  • marcmoishmarcmoish Posts: 6,614 ✭✭✭✭✭

    from these initial pics I'd guess 58 (if not messed with)

  • thebeavthebeav Posts: 3,897 ✭✭✭✭✭

    When you see how 'thick' the luster was in between the stars, I guess it's just become too 'thin' on the rest of the coin to get an unc grade..

  • TypekatTypekat Posts: 532 ✭✭✭✭✭

    You can probably buy a PCGS MS61 for a small percent over spot.

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  • logger7logger7 Posts: 8,990 ✭✭✭✭✭

    @Typekat said:
    You can probably buy a PCGS MS61 for a small percent over spot.

    This date is worth a premium: https://www.pcgs.com/coinfacts/coin/1879-s-20/8991

  • TypekatTypekat Posts: 532 ✭✭✭✭✭
    edited July 3, 2025 1:38PM

    @logger7 -

    I stand corrected!
    The most recent sale I find in the HA archives was a PCGS non-cac which sold @ $3240 on March 2, 2025, a 17.5 % premium over its actual melt value. ($2857 spot)..

    A little research reveals a Premium Freefall on this semi-rare coin:
    2019, HA sold four examples for an average of $2760, which works out to over 100% premium to that year’s average gold price of $1392.00.

    My, how things change.

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  • pcgsregistrycollectorpcgsregistrycollector Posts: 1,332 ✭✭✭✭✭

    Low MS

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  • logger7logger7 Posts: 8,990 ✭✭✭✭✭

    @Typekat said:
    @logger7 -

    I stand corrected!
    The most recent sale I find in the HA archives was a PCGS non-cac which sold @ $3240 on March 2, 2025, a 17.5 % premium over its actual melt value. ($2857 spot)..

    A little research reveals a Premium Freefall on this semi-rare coin:
    2019, HA sold four examples for an average of $2760, which works out to over 100% premium to that year’s average gold price of $1392.00.

    My, how things change.

    Only MS61 or better are really worth much more, and you're actually right as the MS61 doesn't seem to have much of a premium. This one was in an NNC MS62 holder. It was sent to cross but failed at any MS grade.

  • BStrauss3BStrauss3 Posts: 3,675 ✭✭✭✭✭

    Oh, well, then. Obvious details coin cracked out, and if NNC couldn't grade it above 62...

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  • breakdownbreakdown Posts: 2,250 ✭✭✭✭✭

    I haven’t submitted to PCGS in a while but trying to cross from a defunct TPG sounds like throwing away money. Maybe you used a monthly special? Gouges in lower right obverse are concerning.

    "Look up, old boy, and see what you get." -William Bonney.

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