1818 Large Cent: GTG

I usually do not not make comments on other collector's coins. So all you experts out there please do not chop my head off. In the matter of this coin being circulated or not circulated in my opinion
Is is

I normally do not voice my opinion on other peoples coins. So all you experts out there please do not chop my head off. As far as circulated or not circulated goes I feel at this point is a matter of opinion.
If circulated it was marginally and that point depends on the eyes of the person looking at it.
Now hold on I know what you are going to fire back at me so I will save you the trouble.
The critics are going to start on me how much it matters because of how much it effects the price of
the coin which any coin collector already knows.
As far as the grade of the coin goes, again depends on the pair of eyes that is looking at it. Good example, just look at the minute number of post on this coin and the number of different opinion's
there are.
So what I have to say about this coin regardless of the grade, circulated or uncirculated it is such a
Beautiful coin I would love to own it. Mike Terry Anchorage

 

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Wonderful response, thank you for your thoughts. I expected it to grade MS, but I'm okay with AU 58 too. When I get it back (sometime later this week), I'll take a closer look at the coin. I really like this coin. It actually got me interested in large cents whereas before, I was mostly attracted to large silver coins.

 

I think it looks like a very nice Randall Hoard coin; I was thinking AU53-55 as there appears to be significant rub on the high points and in the fields. It is a very attractive coin that I would be happy to own. Bear in mind that the TPG's assign values to coins as opposed to grades, and ngc found this one very nice looking.

 

My call was 58. I see too much high point rub for an

 

Several factors come into play. Discoloration at the tops of the highest relief show wear. But it is often described as cabinet friction by sellers and overlooked for purposes of valuation.

Another problem is that some details in this series are rarely visible even on uncirculated coins because of of the striking process and differences in the impurities of the blanks. It is truly unusual to get a full strike.

Value is not a result of grade. It is a mear tool to use in establishing a general market construct. The value is always a meeting of the minds between a buyer and seller.

The grade approaches a less biased basis for comparison, but is inadequate as a truly objective foundation on which to obtain a value. Every grader adds or subtracts from their own STANDARD and different flaws or premiums are regarded differently.

I would pose AU58 as a grade, knowing full well that grade inflation pushes this coin into the MS category and also realizing that it might only have been called fine in the early days of collecting when there were no standards for grading. But this is also with an awareness that few coins could possibly survive this long without some cabinet friction or damage to the condition (not a function of wear in this usage) of the coin so MY standard might be unattainable.

My basis for the AU is from discoloration of the high points. Like I said, cabinet friction which I do not overlook for grade, but would for valuation. Hence , a disconnect of grade and value.