Except for that gouge in the wing, it looks like a nice original AU55 coin. I wonder if that gouge was from someone testing the coin to make sure it was gold rather than a gold plated base metal counterfeit.
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
Choice AU sharpness and originality, but sadly it's not gradeable. The already mentioned gouge on the right wing plus the rim damage at 5k on the obverse and 6k on the reverse would put it in a "genuine" holder. Without the damage it lists for $8,250 in AU-50 on the Gray Sheet. In "genuine" holder it's probably worth $4,500 or so.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
<< <i>Choice AU sharpness and originality, but sadly it's not gradeable. The already mentioned gouge on the right wing plus the rim damage at 5k on the obverse and 6k on the reverse would put it in a "genuine" holder. Without the damage it lists for $8,250 in AU-50 on the Gray Sheet. In "genuine" holder it's probably worth $4,500 or so. >>
Good assessment. This is from a Stack's auction at $3680. Stack's description was accurate, I talked to a rep about the coin before the auction. The minor rim issues would not be as noticable in a genuine holder and I have seen much worse rim dings in graded slabs, without the wing hit it would be a $10K coin. The coin has been wiped but not a full clean, the exposed areas in the high points and fields are lighter in color, protected areas have deep toning which I think is original.
In general, I like it better than most of the dipped out sun yellow slabbed early gold at a third of the price. The obverse design has also grown on me, and I have bought a couple of graded examples since this purchase.
<< <i>The centers have been wiped and the piece seems to have been ex jewlery based on the fact that there are rims dings at both 12 and 6 o'clock >>
You might be right about the wipping, but the color is still much better that those "white gold" pieces that have been dipped ugly IMO. The coin may well be ex-jewlery too, but for the right price it's still a decent example given the high prices for early, pre-1833 U.S. gold.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
<< <i>The centers have been wiped and the piece seems to have been ex jewlery based on the fact that there are rims dings at both 12 and 6 o'clock >>
You might be right about the wipping, but the color is still much better that those "white gold" pieces that have been dipped ugly IMO. The coin may well be ex-jewlery too, but for the right price it's still a decent example given the high prices for early, pre-1833 U.S. gold. >>
If the color is accurate I really like it. I would give it a 53, Plus, sticker.
Always took candy from strangers Didn't wanna get me no trade Never want to be like papa Working for the boss every night and day --"Happy", by the Rolling Stones (1972)
Comments
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
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
<< <i>Choice AU sharpness and originality, but sadly it's not gradeable. The already mentioned gouge on the right wing plus the rim damage at 5k on the obverse and 6k on the reverse would put it in a "genuine" holder. Without the damage it lists for $8,250 in AU-50 on the Gray Sheet. In "genuine" holder it's probably worth $4,500 or so. >>
Good assessment. This is from a Stack's auction at $3680. Stack's description was accurate, I talked to a rep about the coin before the auction. The minor rim issues would not be as noticable in a genuine holder and I have seen much worse rim dings in graded slabs, without the wing hit it would be a $10K coin. The coin has been wiped but not a full clean, the exposed areas in the high points and fields are lighter in color, protected areas have deep toning which I think is original.
In general, I like it better than most of the dipped out sun yellow slabbed early gold at a third of the price. The obverse design has also grown on me, and I have bought a couple of graded examples since this purchase.
edit - link to the Stack's auction Stack's
<< <i>The centers have been wiped and the piece seems to have been ex jewlery based on the fact that there are rims dings at both 12 and 6 o'clock >>
You might be right about the wipping, but the color is still much better that those "white gold" pieces that have been dipped ugly IMO. The coin may well be ex-jewlery too, but for the right price it's still a decent example given the high prices for early, pre-1833 U.S. gold.
<< <i>In general, I like it better than most of the dipped out sun yellow slabbed early gold at a third of the price. >>
I fully agree with your own assessment!
<< <i>
<< <i>The centers have been wiped and the piece seems to have been ex jewlery based on the fact that there are rims dings at both 12 and 6 o'clock >>
You might be right about the wipping, but the color is still much better that those "white gold" pieces that have been dipped ugly IMO. The coin may well be ex-jewlery too, but for the right price it's still a decent example given the high prices for early, pre-1833 U.S. gold. >>
I agree. I have seen worse holdered.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)