Guess the SLQ grade

The most recent sale in that table is from Mar 2008!

 

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Your own chart belies you. You are quoting an ICG certified coin with XF-40 DETAILS (CLEANED) that sold for more than you price quote. You have to include shipping.

 

XF-40 if I was grading it, my first gut instinct glancing at the obv was VF but it would probably go XF-40. it's a solid coin, very nice, and an OK price, not a steal but OK, problem is you can find a lot of Gs and 60+ but finding something in a collectable mid grade in SLQs is kind of hard. Good pick thanks for sharing.

 

That's weird because I was at 45 on the Obv but after seen the Rev I want to drop to 40...

 

well, at first glance on the obv the folds looked more merged to me than they were, but I slowed down and looks at them and they are closer to XF than VF, but on the rev the wear on the breast has gone into the "armpit" area and the wing edge looks rather flat to me. the obv is definitely stronger and is what made the difference to me. If I saw just the rev I would put it at VF.

 

Oh ok then we do agree. Cool

 

here's a good photograde I found http://www.usacoinshop.com/stliqu.html
regardless, nice solid coin, good rim, original surfaces, pretty full date, good solid coin, wouldn't mind it in my collection.

 

The problems grading this coin are not how much detail there is on the coin, it is how much is due to wear and how much is due to the strike. I find lots coins at Heritage with less detail than this coin, but they graded AU-50 - AU-58. To my mind, there is just too much detail to call it anything less than a 45.

 

That link leads to a pretty good guide for grading SLQs. I'm familiar with it and use it often.

The problem with their photograde pictures, however, is that they switch back and forth between Ty I and Ty II SLQs. It's very frustrating to me.

 

yea, plus some of them have a big scratch on them in the pics! If you want to get into SLQs more get Cline's book. He gives you standards for evaluating tyI and II and for each year.

 

Nice color to it. Iwould grade it a 40. The shield, head and breast shows obvious wear along with the feathers on the reverse.

 

I care very little about whether the coin is XF40 or XF45. I also care very little about what the price guide says. Based on the photos, that coin is extremely attractive for a circulated SLQ. There is no substitute for eye appeal and nothing wrong with paying a premium for it.

I love the coin and think $125 was a fair price especially if you needed that date/mm in that grade range for your collection.

Nice pickup!

 

X2,
it's a solid coin with honest wear. The rest of the discussion is just academic. I have always said if you are happy with the deal it was a good one. Thanks for sharing it.

 

In this regard, I have a general rule about coin purchases. Never make a purchase for a coin that you don't want. Most of the coins I've purchased in my previous lifetime, if I paid 2x the price, I'd have still purchased them.

Ruben

 

I totally agree.Nice coin.

 

Now that's great perspective...thanks for the post! :smile

 

READ THE HERITAGE PRICE CHARTS !!!!
Those price charts are NOT for a cleaned or detailed coin.
Obviously you don’t use Heritage or understand that those charts are for non problem coins. Shipping ?? what does that have to do with this topic ??

Do this , go to HA.com and set up and account , then you can find all this information for yourself..

 

Greysheet bid for an XF is $125. True honest wholesale on this coin is $90-$100. The $120-$125 range is a decent price for this piece.

 

If this is a coin the guy needed then $ 125 is not a big deal . He could have picked one up cheaper . We are talking about small dollars here so $ 30 - $ 40 is not a big deal.
I do not believe grey sheet reflects the current market for some coins. I have seen many coins selling for less then grey sheet Bid .

 

Maybe, but if you get yourself all turned around for a few dollars that you send on a coin that you like, then your not getting much fun out of the hobby. Right?

Paul's attitude is correct. First rule is enjoy your coins.

Ruben