1800 Draped Bust

My thought was that VF-25 was rather generous for the coin.

 

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Any chance you mixed something up? Do you have the cert number? I’d like to see the pictures from the cert lookup...

 

I used my knowledge of grading coins to grade this one, not ANA/PCGS/NGC standards. I still think it was over graded.

 

allowing for some weakness of strike, that coin looks about like a F15 to me (using pcgs guide). It also may well have been cleaned ( the dark stuff around the stars and other design elements) and retoned. There are plenty of coins in graded holders with old cleanings. Some of them are quite nice looking. It really depends on what you like in your collection. If we insisted on total originality for our late 18th-early 19th c. circ. silver coins, I think nearly all of them would look like charcoal. I think some of the favorite coins in my collection fall into what Bill Jones calls "original now." (Bill is an expert/retired dealer who often posts on the other coin forums).

 

Didnt mess anything Up, this is the only 1800 Capped Bust silver dollar he has in his case.

 

Bill is one of the best. I try to read everything he post.

 

Did the slab attribute the coin?

 

The slab grade is VF 25. I didn't get a shot of it. But as I said I can go back tomorrow and probably get another picture of it. Full slab and all. It' not attributed as far as varieties go. Just a capped bust 1800 silver dollar.

 

I was just wanting to look up images of the same variety. Trying to understand what is wear and what is just a strike issue.

 

Thinking fine. Think you need the outline of the shield to be considered higher

 

Thinking fine. Think you need the outline of the shield to be considered higher

 

Needless to say, dont buy that coin.

 

How come you consider buying a $2000 coin and you don’t know the cert number? First thing I’d do is lookup the coin and check auction records for this and/or similar coins.

 

Because I took a picture of this coin myself so why look up the cert. number when I already know it's legitimate?

 

You can learn a lot about a coin by looking at its history in other auctions. Where they sold, what was fair, where it stood compared to other coins in same sales.

Honestly I think you are caught up in the cool factor of this coin. Anything that old, big, and silver is cool no matter what condition. But as an investment its not a good one. And the fact that it was this dealer's only one makes it that much better amidst it's surraounding. Its like the 7 vs 9 fallacy. You may not notice the 7s in a club full of 9s, but that same 7 at church or lame bar might start looking like a 9.

 

Dont take the advice here too hard. People are just trying to save you from burrying yourself in a coin. I think it's clear now with so many agreeing that its not a 25. I think the comment about making sure something didnt go wrong was along the lines of are you sure the coin was a 25 and not a 15? Might have remembered it differently if you only spent a few minutes with it.

Be patient and wait for the right coin. It looks like you may be like me in that I love the chocolate silver look. Seems the coin posted here is in that direction on color. Here's the rest of my 1801 VF20 which has the same chocolate color. But even at VF20 it still has some luster which is what really makes that choclate pop:

 

Looking at the op coin again it almost looks like environmental damage. Might be the lighting but it almost looks burnt.

 

That’s a killer vf 20. I’ve seen similar in 30 holders. If it was mine it’d be on its way to New Jersey. I love the old green pcgs holders too

 

Thanks. I thought the same but I think that "bag mark" on the reverse might be a bit of a net grade situation? It is a little distracting right in the center of the reverse but I foound it to be OK for a 20 considering how nice the rest of the coin is.

For the record OP, the 1800, 01 and 02 all have about the same prices in the guides for this grade range. I paid a little less on ebay for mine than your dealer has that 25 quoted at 2100. So look around and you can definitely get a nicer coin and for less money.

 

I don’t doubt its authenticity.

Most NGC and PCGS coins include high-res pictures, which may show you something you don’t always see in person. It happened to me when I bought a large cent with verdigris and I couldn’t see it due to the lighting at the show. I could see the green spots back at home and on the trueview pics though.

What I would also do before buying such a coin is looking at the auction results of the past years. If you do the cert lookup at NGC/PCGS, you’re usually only one or two clicks away from the price guides and/or auction records.