Hey I'm Chris and new to this form. I've been collecting for a few years mostly large cents and wheat pennies. I've started to venture into flying eagles and Indian head pennies. Now I'm looking onto Indian head proofs and bought this one. I'm just a little unsure of the color looks a little altered to me. Pics seem juiced up but looks like same on hand. And the same goes for 1881 beautiful toning on coin. Sent from my XT907 using Tapatalk
Very pretty. Color looks good to me, but I don't know that much about IHC proofs. If you're "venture into flying eagles and Indian head pennies", and you don't already know about Mr. Snow, here is a link to his site:
If you paid near the price listed on the flip and are not experienced in IHC proofs then you have significant downside and very little price protection.
Could you elaborate a little more on this. What do you mean by "significant downside" and "very little price protection"? Are there too many of these to significantly increase in value? Or are there more of these proofs than what is believed to exist? Just curious and wanting to learn.
I'm just using common sense. A raw IHC sold to someone who isn't that familiar with proof IHCs and labeled as a gem proof with RD designation in a plastic flip that has a price indicative of a 20% higher than a PCGS PR65RD certified example screams potential trouble ahead.
If you like them raw buy graded and crack them out. Otherwise I would stick to graded. Just my humble opinion. You might also want to look at http://www.thepennylady.com.
There is the question of why it wasn't slabbed in the past. Such a coin would well be worth the fee. Even in the un-juiced photo , the color is somewhat suspicious to me.
I suggest you send it in to PCGS and in 45 days when you get it back, update the thread. I think it looks nice, but if desertgem & Tom B say you potentially have a problem on your hands, I would take it seriously. Will the dealer refund you money if it doesn't grade at the expected level?
I actually returned the 1866 today to the dealer. When I bought it he said it was part of an Indian head proof collection locked up over 50 years. The color looks altered to me Sent from my XT907 using Tapatalk
