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George 111 Shilling. Any help on grade appreciated

canadacolornutcanadacolornut Posts: 995 ✭
in World & Ancient Coins Forum
I'm really lusting after this coin because of the color and the fact that I need the
coin for a registry set I'm working on.

Unfortunately the seller has listed the coin with the ambiguous British term a Unc; which
I normally take to mean AU, as in almost uncirculated.

I say ambiguous because I bought one coin with this designation and it came back MS 63.

I think this coin probably is AU because of what looks, pretty obviously, like wear on the high
points.

But I'd like to get an opinion or two from those who know the series and ,frankly, grading
for wear, better than I do.

Appreciate any help and thanks....

image

image
No,no- the kids and the cat are all right honey.
It's just that I got my PCGS grades.

Comments

  • HussuloHussulo Posts: 2,953 ✭✭✭
    If I was grading I would say good EF rev, EF obv. I think at PCGS would give it around AU58 but it might get a bump up for colour and PCGS are a bit more generous on earlier coins.
    CoinsGB (Free British coin reference website) | Gold Sovereigns
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    I'm with Huss on this one, most likely AU58, it looks like wear on the obverse rather than strike weakness.

    Often you get coins described in British as GEF or AU that grade mint state in the US, but I believe US graders often interpret strike weakness differently than in the UK. This is particularly true on 18th C. and earlier issues, my Geo. I and Will. III shillings are perfect examples. In the UK they were called GEF, but when you examine them closely the weakness in the details of the hair are not wear but the limitations of the striking methods. There are no signs of wear in the fields at all which leads to a mint state grade in the US.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • HussuloHussulo Posts: 2,953 ✭✭✭
    British graders tend not to grade 17th-early 18th century coins Unc. in fact if u look at Spink etc the price guide only goes to EF. Anything this age graded GEF is very special. I have heard the term practicaly as struck before but you dont hear Unc much for earlier coins. My latest buy 1696 sixpence was graded GEF by Spink but I wouldnt be surprised if it came back MS64 ish from PCGS or NGC.
    CoinsGB (Free British coin reference website) | Gold Sovereigns
  • canadacolornutcanadacolornut Posts: 995 ✭
    Thanks a lot fellows; about what I expected but at least it's coming from collectors who know.

    Final question.

    The seller wants about $340 for it or best offer. I'm thinking of about $285.

    Would that be a reasonable price to pay for it; based on your grade opinions>

    Thanks again........
    No,no- the kids and the cat are all right honey.
    It's just that I got my PCGS grades.
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    I think that is a very generous offer, slabbed 63's generally go for $250-275 at auction, 64's around 350-400. The last 58 I see records for was $150 for an NGC coin at Long Beach 2008. (Those prices include the juice)
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • LancastercoinLancastercoin Posts: 251
    This coin is very commonly encountered in mint state. That plus the pic makes me think a MS grade is likely. $285 is a lot for one of these.
  • canadacolornutcanadacolornut Posts: 995 ✭
    OK, thanks for the guidance folks. I may even offer the seller a deal. X if it's not uncirculated, Y if it grades 63 or better.

    I've dealt with them before and they might consider it. If not, probably just drop it.

    Appreciate the comments.......
    No,no- the kids and the cat are all right honey.
    It's just that I got my PCGS grades.
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