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1895-O Barber 10c upgraded
rhedden
Posts: 6,650 ✭✭✭✭✭
The 1895-O PCGS MS-63 Barber 10c (OGH) I bought this past summer upgraded to PCGS MS-64. I sent it back for re-grade service in the old green holder and they gave it a fair re-grade, despite seeing the old slab, and despite it being an expensive coin. That will help me out big-time if I ever get around to entering my set in the Registry, since I'm sure it's weighted fairly heavily. That's the good news. The bad news is that I now owe the previous owner about $4000 differential.
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Will the previous owner accept a payment plan?
We have a good relationship. He'll patiently wait a month or two while I frantically sell off low grade junk to raise the $4000.
<< <i>Will the previous owner accept a payment plan
We have a good relationship. He'll patiently wait a month or two while I frantically sell off low grade junk to raise the $4000. >>
You should use the BST here first. There are quite a few collectors of lower graded coins...ie: F/VF/XF.
I'm sure your "junk" would be another's treasure !!
BTW, nice 95-O. Looks every bit the 64 they graded it; with the more relaxed standards of today, its still a lovely coin. Too bad you didn't pay your consignor prior to the submission. My 95-O, one of the few I have holdered in the Barber Dime series, is "only" an AU 58.
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Coin collecting is not a hobby, it's an obsession !
New Barber Purchases
also.....Please do put your "Junk" on the b/s/t. If you have any Junk KEY date stoppers, pm me.
Enjoy your profit. Nothing like a good rip.
BTW - looks like a solid 64 - really super luster. Would have no problem paying 64 money for this.
<< <i>Injecting some humor here? Why in the world would you owe the prior owner a $4000 differential? Its your coin LOL.
Enjoy your profit. Nothing like a good rip. >>
You don't know the specifics behind the sale. It may be that the seller was on the fence about selling it as a 63, and agreed to sell it as such with an understanding with the buyer that if it made 4, they might split the difference in value as a term of sale.
But that requires honoring your word as a buyer. You might want to stick to ripping widows.
I did pay him: MS-63 money, with an agreement that we'd settle up the difference if it upgraded. What kind of person would sell a coin like that in an OGH, submitted only once in 1990, without bothering to check if it would upgrade?
would he/she have compensated you if it would have downgraded?
Yes, our business relationship is that good. However, PCGS guarantees that it will not downgrade with the re-grade service. I did not crack it out and submit raw.
Enjoy your profit. Nothing like a good rip.
I'll pay the $4000 without flinching. Nothing like a good friend.
rhedden...well put.
~~~~~~~~~~~~
Coin collecting is not a hobby, it's an obsession !
New Barber Purchases
-Dean
<< <i>The 1895-O PCGS MS-63 Barber 10c (OGH) I bought this past summer upgraded to PCGS MS-64. I sent it back for re-grade service in the old green holder and they gave it a fair re-grade, despite seeing the old slab, and despite it being an expensive coin. That will help me out big-time if I ever get around to entering my set in the Registry, since I'm sure it's weighted fairly heavily. That's the good news. The bad news is that I now owe the previous owner about $4000 differential.
definitely a great ms64!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Super nice coin! Looks correctly graded now. And Kudos to your for your good biz ethics.
-wes
Too many positive BST transactions with too many members to list.
-Paul
I was looking to see if I could find a pic of a AU58 CRO had in 2006 nicely toned... yet not in their archives
Like it or not, this shouldn't be happening, especially when the coin is in the holder of the number one TPG.
There was a reason why the coin was originally graded MS63. The coin sat untouched until it was resubmitted for a regrade and is now MS64. What changed?
The coins in this collection were part of an absolutely huge group sent to PCGS in several waves (the submitter had over $10,000 in grading fees). To be brutally honest, the grading on these submissions was inconsistent across the board compared to what PCGS does now. Since the time I posted this thread, I have had about 20 coins from this collection upgraded by a point, and four coins sent for grade guarantee to be downgraded (PCGS agreed and refunded my money on three of them). I still have a proof Liberty nickel that has to be sent back for a downgrade. Looking at some of the Barber quarters in this collection, there were so many coins in MS61 that should have been 63s (even by strict 1980s standards) that it wasn't even funny. Then I pulled out another box, and everything looked overgraded (from a different submission, same year). This is not a knock on PCGS, my favorite grading company by far, but in my opinion, consistency has dramatically improved at PCGS since 1990. We have all seen the overgraded coin in an old green holder (e.g. DMPL dollars that are not, or ugly PR63 type coins) sitting on a dealer's table at a show, and it is common knowledge that there are some overgraded coins in OGH, as well as undergraded ones.
Returning to the 1895-O dime, I was wrong about it being a 63 that might not upgrade. When I bought this collection, I was not too familiar with Barber dime grading in the Unc. grades. With two more years of BU Barber dime collecting under my belt, I can tell you that this coin is much closer to 65 than it is to 63. The surfaces are original, never dipped, and the obverse is semi-PL, probably struck from a new die. Contact marks are minimal, and there is no friction on the high points, as with most MS63 graded Barber dimes. The pictures exaggerate a few tiny surface blemishes. This coin has incredible eye appeal in hand for an MS64. I have no idea why it was graded MS63 the first time, now that I am more familiar with what constitutes MS63 in this series, except that the graders were feeling tight that day.
By the way, it is interesting to note that this coin was the 2nd most valuable Barber dime from this collection. There was also an 1894-S dime that I did not acquire. I understand that it was sold privately in the 1980s. I am not certain which of the 9-12 known specimens it was, but I have a strong suspicion. I am very lucky to have acquired the rest of the set including this spectacular '95-O.
<< <i>The 1895-O PCGS MS-63 Barber 10c (OGH) I bought this past summer upgraded to PCGS MS-64. I sent it back for re-grade service in the old green holder and they gave it a fair re-grade, despite seeing the old slab, and despite it being an expensive coin. That will help me out big-time if I ever get around to entering my set in the Registry, since I'm sure it's weighted fairly heavily. That's the good news. The bad news is that I now owe the previous owner about $4000 differential. >>
Actually, I don't believe they "see the old slab". The coin is cracked out and sent to the
grading room as a raw coin.