Hi, I'm looking into purchasing a coin, but am looking for some advice before I do so. What do you think this DDO would grade? Would it be gradable? I'm wondering because I think it's kind of weird that they haven't sent it in to be graded already. And whats the most you would pay for it? I know alot of questions, but I'd really appreciate any help. Thank You in advanced!
Raw coins that are rare like this kind of make me leary. I mean it costs about $30 to send a coin in, and you're talking about a coin worth over 1k. Also a higher grade means more money. So I would have the dealer send it in and then buy it. MANY fakes of this coin exist. In fact I know where you can buy these for $1.75 each, without a copy stamp. It's just too risky. So either have the dealer grade it, or purchase it ONLY if the dealer will stand behind it.
Thanks guys! It's from a reputable dealer, but I find it really odd to not have it graded already. And yes I mean 1955, don't know how to edit the title.
I would make an offer to have him send it in, and you will pay $30-$50 on top of the original price if it comes back genuine.
How good are there $1.75 fakes really? Most I've seen are beyond poor, but perhaps you've found even somewhat decent copies. As for the OP's coin, I've no questions about its authenticity.
There is a well known pair of faint die scratches ( but should be easily seen on a high grade coin) that cross over to form a vertical X , parallel to the left side of the vertical bar ( some call it the stem) of the "T" of CENT. If it wasn't there I would not consider it. Perhaps it is missing in this coin and that is why is wasn't sent. The photo is large enough to see, this is where a strong light and a Stereo microscope is needed.
I've seen EMDS examples where the two die scratches next to the T are very faint. There are other markers as well though, and now there is even a known stage B. The counterfeiters are getting very good with this one though, so before I forked over big money for one I would have it examined by someone if you are not familiar with the variety.
I am sure die state would have a strong effect. Mine have the X. True there are some other markers, but I think they suffer from the same problems with the die state. Jim
I wouldn't touch it... the nose looks more rounded than I would expect to see, but could be the picture. provide a zoomed in picture if possible and you'll get better feedback. Again, hold out for something in a slab imo.
I think it is genuine, but it looks like a couple of hits on the reverse of the coin near the rim by the wheat stalks. I would not have a problem buying raw coins like this from my local shop - but before I do I like to make sure that I can grade it and have a general idea of what the price of the coin is in that grade.
I'm with Mark on this. The ding on the left wreath is of more concern to me than the authenticity. How much to deduct for this "damage"? I haven't a clue. But I wouldn't be surprised if it wasn't sent in because of the fear of a details grade or reference to damage. The damage isn't too severe, but a less than problem free holder makes it difficult to move and impossible to get "AU58?" money.
