Here's what $603,750.00 looks like

HA Auction in Dallas, October 23, 2008. This gem is graded...well, I'll play Guess The Grade. Post your opinions, without looking it up.

 

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I'm no good at grading gold but I'm going to guess AU-55.
The hair is a bit worn and some scratches on the front and a rim ding on the back. I also cheated and found that there were none higher than AU-58.

That said ..... I want it really really bad :goofer:

 

I think AU-53.

 

There comes a point where I don't render an opinion.
This coin is beyond that point.
Why?
Because with coins this valuable the TPGs REALLY start playing with market grading and not technical grading.
So, in general these are not coins that are good to learn grading from.

 

Maybe not, but I have fun making my best guess and then seeing what's on the holder.

 

Hard to say, it's got some strike weakness problems but it has some actual wear as well and the surfaces seem pretty baggy with impaired luster except right around the stars and devices (possibly from an old cleaning). Personally I find it rather lacking in eye appeal. I'd say techically a 50, net a 40, and the TPG probably 55 maybe even a 58. If they called it MS they are definitely off thier rockers.

 

I'm gonna say XF.

stainless

PS: Don't it looked cleaned?

 

XF and way to much money! WOW

 

I'd say that a coin like this was probably bumped up because of, like kanga said, market grading, to get the best possible money from it. I'd say the TPG put it at least an MS60. But for a technical grade I'd give it an AU55. Only 3,250 of these were minted so I'd consider this coin quite a rarity.

 

Wow, no wonder the bids went up so high. This is just amazing to me. With a coin as large as the Double Eagle and for one this rare, you would think that all would be accounted for and reside in high profile collections somewhere. My question is.. Where would 3,215 of these coins disappear to? Would they have most likely been melted? I cant imagine that any would have been just simply lost.

 

Beauty!!! I would also say a AU-55

 

XF40, maybe 45 on a good day. No way it's AU, and no way it's VF, so it's gotta be XF.

 

Some of you people are way too harsh on this coin. The obverse has the appearance of a decent amount of wear, but when you look at the reverse, you can see that there is still a lot of details remaining which should immediately call into question the actual amount of wear on the coin.

I don't know what this coin graded or which TPG graded it, but given what I wrote above, I think it has the appearance of a nice solid Choice AU coin.

 

It was graded and sold as AU-55. Seems a bit high but I guess population influences grading. Actually, it is entirely meaningless what the grade it. With a once-in-a-lifetime opportunity to buy something of this rarity, if you want it you're not going to pass on it hoping to find a better grade later.

 

When you look at this coin and the proof half dollar discussed in another thread, it would seem that 1854 would have been a good year to visit the New Orleans Mint. The 1854-O Large-O quarter is a fairly good performer too. It would have been $20.75 well spent.

 

And if you're throwing down six hundred large on a coin none of your billionaire buddies have, the number on the slab is not the first thing on your mind.

I would agree the numerical grade becomes somewhat less important as the rarity increases - for a number of reasons.

 

This was bought as an investment like someone would buy a house today in this market and sell it for a big profit 6-8 yrs from now. I bet that coin will bring a cool million next time it sells.