is there a reason this half eagle has the grade NGC AU58?
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As usual I am looking at half eagles. I saw a 1845-P No motto. Basically a coin I wish to own one day.
Now to the question, can someone explain to me why this coin
was
A. not boby bagged for the two big scratches.
B. if those scratches are ok, shouldn't this coin be graded XF?
C. do you think NGC over grades half eagles in general?
thank you for the opinions. I just wish to understand grading of
half eagles better.
Now to the question, can someone explain to me why this coin
was
A. not boby bagged for the two big scratches.
B. if those scratches are ok, shouldn't this coin be graded XF?
C. do you think NGC over grades half eagles in general?
thank you for the opinions. I just wish to understand grading of
half eagles better.
0
Comments
<< <i>Now to the question, can someone explain to me why this coin
was
A. not boby bagged for the two big scratches. >>
Other than the fact that the TPGs are more lenient with scratches, damage, and cleaning with no motto gold....no, I can't explain. Looks like a possible BB to me.
<< <i>B. if those scratches are ok, shouldn't this coin be graded XF? >>
No, unless you are net grading due to the severe scratches. The details are near MS.
<< <i>C. do you think NGC over grades half eagles in general? >>
I think both NGC and PCGS are incredibly inconsistent with no motto gold. My beef with NGC is the rewarding grades to NCS gold. Dip em, strip em, and bump the grade. That should be the NGC Motto with no motto gold.
I've also seen coins in NGC slabs with (to my eye) unacceptable hits. I can't explain it either.
It's really important, with no-motto gold, to see the coin in person, even (especially) if it's in a slab!
Check out the Southern Gold Society
<< <i>It's rather hard to say. I think that the photo is harshly lit, which may exagerate the coin's defects. You really need to see the coin in-hand. >>
a) Personally, I would bb the coin if I were in the chair, so to speak.
b) The scratches are not OK to me, and yes I would net grade it XF at best.
c) Yes, I think NGC overgrades gold.
Take care...Mike
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
is the 1840's too late for adjustent marks?
The gouges are disturbing on Liberty's neck. but the details are nice and the coin exhibits good luster, eye appeal, strike.... so I am thinking .... it is safest in the holder it is currently in. PCGS probably would bodybag this coin for "damage", however, unless it were re-submitted, I wouldn't phathom a guess by the pictures.
The interesting part of the coin in my view is the approximate 1% off center striking. I would tout that as an "error" and probably re grade on that premise and hopefully increase the worth. I don't know.... Also, that doesn't look like a scratch on the reverse to me. It looks like one long DIE crack, or is there a scratch in the holder ? This runs through the beak of the eagle through the shoulder and on down.
There are definite differences in the grading standards of these two powerhouses when it comes to the Gold $5 Indians I am trying to put together (1908-1929 AU50-MS62), but I am uncertain about Liberty Head Half Eagles.
I don't think NGC "overgrades".... I think PCGS has set the bar HIGH, and that is to OUR benefit. This is not a slam to NGC, either. I just think the "standards" are not as stringent. Let's face it, If I give an objective view of a grade by a picture, I have to first admit I am only judging from a ONE dimensional view.
If PCGS determines that deep gouges in a coin constitutes damage to the point they will not authenticate, slab or grade the coin, it is to the benefit of NGC, ANACS or any other company. It is a win win situation for everyone.
Considering the rarity of anything in Mint State in that year..... I believe the coin May REST in Peace right where it lies
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