Grade this 1882 Indian Head Cent.
Russ
Posts: 48,514 ✭✭✭
Large images here:
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Just back from NGC today. Let's see if you guys agree with them.
Russ, NCNE
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Check out some of my 1794 Large Cents on www.coingallery.org
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Are you making fun of me? Careful or I may reveal your secret and you'll become one of the "targets".
Russ, NCNE
I hate it when you see my post before I can edit the spelling.
Always looking for nice type coins
my local dealer
<< <i>also the pink is sign of dipping. >>
It's also a sign of envelope storage, tissue storage, and some types of album storage.
Russ, NCNE
We'll use our hands and hearts and if we must we'll use our heads.
Luster is medium. Cartwheel is there, but it ain't a blazer.
Russ, NCNE
<< <i>there is probably hundreds with dip or chemical induced pinkness >>
Wouldn't NGC bodybag it if that were the case?
Russ, NCNE
Since you asked I will say the coin has been through NCS.This coin has the unmistakable look of a dunk in ms 70.Ask Charles Dougherty of Copper Coins.
No mint state indian is stored in tissue paper.Don't slime out of this one Russ!
Does the grade really matter?
Why don't you state: Guess what Russ paid for the coin and the forum members will tell you if you did well .
Stewart
Russ, Mike [darktone] is right about the pink color on a MS IHC. With PCGS it is almost a red flag and a body bag. In the past NGC did not have a copper guarantee and a few more were allowed. Within the last few months NGC's copper grading has supposedly tightened and they may be currently almost on par with PCGS in their grading.
That said, the pink on the 1882 does not look like the bad induced pink that is commonly found on the questionably colored IHCs. It may be OK and the strike is pretty good.
<< <i>Since you asked I will say the coin has been through NCS.This coin has the unmistakable look of a dunk in ms 70.Ask Charles Dougherty of Copper Coins.
No mint state indian is stored in tissue paper.Don't slime out of this one Russ!
Does the grade really matter?
Why don't you state: Guess what Russ paid for the coin and the forum members will tell you if you did well. >>
Stewart,
There you go again. You already spoke off the cuff once today, and then tried to weasel on it.
The coin has never been to NCS. The guy at the flea market where I bought it has never even heard of NCS; he's never submitted a coin to any service in his life.
As for what I paid for the coin? I bought it raw, dirt cheap, and submitted it to NGC myself - and no, there was no detour to NCS.
Russ, NCNE
Here's an 1882 PCGS MS65RB I recently sold on Ebay for comparison.
<< <i>The heck with the grade, does the label have any additional info on it? >>
Shylock,
Sadly, no it doesn't. It did come with a nice little note in return for my extra $5 though.
Edit: That was your auction? I didn't know that. I was watching it, though, for obvious reasons. Brought pretty good money.
Russ, NCNE
<< <i>BTW, thats an AU58, look at the diamonds! >>
WSM,
And your assessment is, of course, based on the fact that it's in an NGC holder rather than a PCGS holder.
Russ, NCNE
I have seen plenty of 65s with the diamonds not fully struck up. The feathers are pretty full.
Disappointing day for me. I've gone over this coin and over this coin and, while I won't pretend for a second to know how to grade IHCs, I can see no reason for it to be in a 63 holder. There are no nicks or dings that aren't visible in the images, and the surfaces are excellent. It also still has plenty of red.
Maybe Darktone is right and the graders were worried so they net graded it.
Russ, NCNE
<< <i>Send it to PCGS and lets see what happens! >>
WSM,
What would happen is that I would have the coin back just in time to use it as a Christmas stocking stuffer.
Russ, NCNE
Something else to keep in mind concerning the color of your coin is the date. Early 80's IH's have a propensity for toning, many of the high grade RD's are actually deep burgandy in color. Must have been something about the quality of bronze from this era.
That one looks like it has a touch of blue along the rims. Mine also does on about 40% of the reverse rim from 10 o'clock to 3 o'clock.
Russ, NCNE
PM me if you have any MS63 or higher large cents and half cents. I'm also looking for a PR64RB Two cent piece, a PR64/PR63 3CS, and an 1859 Indian cent in MS62/63.
<< <i>Russ
Since you asked I will say the coin has been through NCS.This coin has the unmistakable look of a dunk in ms 70.Ask Charles Dougherty of Copper Coins.
No mint state indian is stored in tissue paper.Don't slime out of this one Russ!
Does the grade really matter?
Why don't you state: Guess what Russ paid for the coin and the forum members will tell you if you did well .
Stewart >>
Now, THAT'S funny!
K S
now that i've read through the thread, your example backs up w/ something i've been hearing recently, that ngc has become even more inconsistent past few months. dealer i know just had a ngc ms-60 bust half come back ms-63 at pcgs - he tripled his $! what bugs me though is that, since ngc does not guarantee against undergrading (which sounds like what happened to you), the person who sold the bust half as a ms-60 lost 1000 bucks.
i've said it before, it's a huge mistake for you slab-happy people not to realize that you lose $ on coins that are undergraded by a plastics co. as long as they can't guarantee against undergrading of coins, it is only a 50% guarantee
K S