1801 1$ PCGS GTG; is this coin AT (artificially toned)

I would agree that playing the crack out game probably isn't a great idea.

 

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I agree. Nothing on that coin looks like adjustment marks to me. If they were, there would be much more evidence in the low points and that part is clean.

 

Kirkuleez; yes, it has a good grade now, but seems undergraded to me. I just wondered what I was missing. That is why I posted here. But your comment raises a question: should we value this coin as long as it's in a good holder, or do we stay away from it, as we all know that it once was cleaned? Or, since jpcienkus says that the toning on this coin is "completely market acceptable " , do we just ignore the old cleaning?

 

By the way, Miedbe7 wins the prize; it's graded PCGS 35. But the seller wants 45 money for it. I was tempted; frankly, it looks better than many 45's I see out there. I'm having a tough time finding a good 1801 for reasonable money. My other option is the 1803 which is in my other thread, for about the same price. That coin seems more original, but alas, it is dark! Still nice, tho...

 

No way that is a 35. I am guessing PCGS played the whole "net grade" game due to the old cleaning.

 

Yeah, Medoraman, I had it pegged as a 45 , so I thought I had found a cherry to pick. But I want an original coin with luster, so I'll just have to wait...and pay! I think you are right on about the net grading. There is no free lunch (usually)

 

So I get the coin right?

 

It looks like an original XF to me.

 

Quite a jump in $$ from grade to asking price. While I'll often pay a premium for quality, in this case, it's not my decision to make.

You have some decisions to make:
1) Do you collect this series or is this for a type set?
2) How does this compare to other XF coins you've viewed?
3) Can you live without the coin?

IMO, patience is always prudent. I've always been happiest when I wait for the coin I want rather than trying to "check a box".

 

Did I say that the seller wants "45 money "? Well, it's close, but "really nice 40 money " is probably more accurate.

To answer your other question; yes, I am just starting to collect bust dollars. I'm still studying; haven't bought anything yet. I agree that patience is a virtue in this endeavor.

This coin LOOKS much better than most xf 40 bust dollars which I have seen.

 

I'm not seeing any evidence of cleaning or AT. Looks like an honest XF to me, too.

 

Looks XF 40 to me and maybe AT....

 

I am curious as to why some of the posters here question the color.

 

XF 40 with no problems.

 

Thanks for weighing in, Morgandude. With a name like that, you must be experienced at judging silver dollars.

What do you think about the earlier suggestions in this thread that the coin lacks luster, even in areas with no wear, thus indicating an earlier cleaning or dipping of some sort?

 

I don't think it looks cleaned. It might have had a light dipping previously, and may have re-toned. The loss in luster is normal for coins that age, that have been circulated. It isn't mint state, or close to it, so there is no reason to expect gobs of luster. It has a nice look to it, and I think if not original, it may have had a light dipping a long time ago. It is definitely market acceptable, and a nice example of the type. I would not pay 45 money for it, as I feel it is appropriately graded.

 

Well, the seller wants $4550 for it. That's about $1000 more than your average vf35 1801 dollar goes for on the major auction sites. It's a comparable price for a nice xf40. Some people here think this coin deserves a 40 grade.
The 1803 in my other thread is offered at $4650, so about the same money, for a (dark) 45

 

That sounds high to me.

 

Here is a similar-looking 1801 that sold for $7,637.50 at FUN Jan 2013. The description claims there is luster, but it's hard to see in the photo. If the photo is our only guide, does the more costly coin seem better? I have my doubts.

 

Coin doctors at work! Well I found the smoking gun. This coin was sold as NGC AU details, Heritage auction #1140, June 2010 Long Beach. This proves that the coin was since cracked out, artificially toned to hide the cleaning, and resubmitted for grading. It appears that PCGS was not entirely fooled, however. Only partly fooled. Hence, the 35 net grade. Funny, though; I still like the coin quite a bit. It's just too pricey for a cleaned coin at $4550. I did not purchase it. Odd that PCGS gave it a numerical grade at all, though. Pics of the cleaned coin to follow in a minute....