Grade This 1917 SLQ

I have a number of nice Peace dollars that I've purchased from Stacks which are not slabbed because of problems, but I liked the coins. This is a personal decision on the part of the collector, but you should be aware that the market itself stands firmly behind grades and grading standards.

Ruben

 

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I'm no expert on SLQ's, that's why I posted the 1917 on here - really to see if anyone thought it was slabbable. Guess we'll wait for better pics.

As for the 23-s, PCGS Photograde puts it at about an F15 to VF20, but something looks damaged about that shield. If it is an F15 to VF20, Coin World values it at $750 to $1,000, but I like to pay 1/3 to 1/2 of CW's prices when buying on eBay.

 

Sure, that's why I like the "value" of buying coins with great eye appeal, even though they're not slabbable. As long as they're in my collection, I get a heck of a lot of enjoyment from them. Of course I only buy these at significant discounts because, as you say, the market stands firm and if I ever sell, I'll take a significant discount.

 

Of course if there's something that's not visible in the photos, the coin would grade less. If we found out it was made of chocolate it would grade less too (but taste much better).

In fairness, your response is fair to any "grade my coin from a photo" thread. Photos are never enough to form a strong grading opinion from, IMO, and I think you agree.

 

Maybe Mike, but in fairness, this grading is being based on a photo with washed out lighting and is very small, thereby hiding the detailed points necessary to make a rational grading statement, and that is my problem here.

At first you look at this coin and it seems to have MS65 details, and a full head, but then you notice that all the places you need to look for wear or rub is whited out in the photo.

In the end, I'm looking at it and thinking, "You know in the hand I BET this coin is AU with substantial wear" and possibly harshly cleaned. Look with a loupe at the area around the UN and United, and the Claws and Tail Feather space of the eagle. Look at the field between the wings, do you see light unidirectional scratches on the surface? I can't see the shield stripes and I have no idea what the luster is AT ALL.

So I can't jump out with confidence and say, "This is a MS65", which is a pity because this coin has full rivets in the shield and a very full head.

IMHO, and yours Truly

Ruben

 

I agree with ruben . It is unfortunate that this coin was harshly cleaned . It appears to be a FH / full shied detail coin . Probably a "tarnished" pieces that someone took to attempting to re-make a white coin. May I ask who the EBAY Seller was ?

 

Everyone comes to my way of thinking eventually ... but sometimes it takes 30 years of my brain washing

 

Don't get a big head, not everything! LOL

 

Hey! Let's wait for better pics before we condem it. I'll agree things are "fishy", but even though it may have problems it may be worth the au price I paid. Here's a link to another the seller has. He's calling this one an MS65 and asking $725. The photos are remarkably similar (washed out) to the ones from the auction I won, yet the coin is "cleaner".

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=370435657715&ssPageName=STRK:MEWAX:IT

 

Here's a question. Would you choose the coin at the link above for $725 or the one I originally posted for $230 (this coin was won in an auction, not a BIN). Neither is not an option, assume you'd choose one of them.

 

I would choose the problem free one.

Frankly, I wouldn't choose either coin.

This is an incredibly common coin and you can afford to be very patient and picky.

 

Well, at $230, it's one of the better I've seen and if it's significantly different than the pics, it's returnable.

 

If your going to blow that kind of money either use Heritage or buy from one of the reputable on line dealers like Cline or Northeastern.

Ruben

 

Yeah - I'd say with a fair amount of certainty that that is non-sense. It is not an accident that the photo's are whited out. It is a long tradition of scams on ebay.

Ruben

 

Well, I'm not paying $725. If the coin I bought for $230 is worth more, wouldn't it go for more from one of those dealers? I understand, you'd get a more accurately graded coin from one of those dealers, but on eBay there are some good deals to be found. Granted there are also many bad deals, but they're easy to get out of.

 

http://cgi.ebay.com/1917-STANDING-L...63?pt=Coins_US_Individual&hash=item45f538972f

Check on heritage and see current prices and DON'T bargain hunt unless you have money to burn and a ton of time and experience. Your just going to get burned. IMO, your not thinking the problem through correctly.

 

I would not want either coin to be truthful . There are far to many problem free coins to choose from at any of the major Auction House's While there are reputable EBAY Sellers/Dealers , IMHO if they reach the point of being offered on EBAY , there's a story that goes along with that . Wasn't it P.T. Barnum who had something to say about " Good Deals" ? oh wait that was WC Fields " theres a sucker born ever minute " . Oh hell it still fits whoever said it.

 

Yep, I see those pics regularly. But, it just may be that these coins are such blazers that they are difficult to photograph (wishful thinking). I hope I'm able to take better pics. I'll try when I receive it. And, like I said, if the coin looks anything like the pics, I'd keep it, if not, it's easy to get out of.

Remarkable how similar those coins are. At first glance, I thought, oh no, this guy is selling another with the same pics.

 

I here what you're saying, but with eBay, it's real easy to get out of a transaction (pretty much automatic).

 

I mean this with the utmost love and affection, so don't take this the wrong way. That isn't wishful thinking, that is self-deception (Delusional).

Hey - I've been over these tracks in great detail and have been taken by the best venders in the Business, Stacks on E57th St, who sold me problematic SLQs, trying to get beloved 1917 SLQs.

Be Patient and DON'T BARGAIN HUNT. Understand the market. Learn to grade them in detail. Look around a lot at many venues...and then post what you want to buy here before purchasing. Doug is great at picking out problems and is probably the best darn grader I'd ever seen from Photographs....

The upside is that these are not really rare, just in high demand. So you find them everywhere.

Then buy.

Ruben