I cant believe a coin can be so expensive with such ugly eye appeal

They look like planchet adjustment marks - scratches on the planchet before striking, which do not affect the grade.

 

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Adjustment marks might not effect the grade, BUT they can effect the market price and the ease of selling the piece. Adjustment marks that make the coin ugly make the coin much harder to sell and lowers the price you will get.

The most extreme example I have seen was a 1795 Flowing Hair Half Dollar that had extensive adjustment marks on the obverse. The coin was really ugly, but somehow NGC saw a Mint State coin under all of those marks. The dealer had a 5-figure price the coin just same. It sat in his inventory for months before it disappeared. My guess it sold for a big discount to one of those guys who buys registry points and doesn’t care that much about the coin.

 

Could be, though pretty subtle if they are, at least compared to these:
https://www.coinworld.com/news/precious-metals/heavy-adjustment-marks-can-shave-market-value.html

If the 61 given is not due to contact marks or damage to the fields/devices, adjustment marks aside, then they must have considered it poorly cleaned, overdipped, what have you, and hit it for that. Would have to see how often better ones come up for sale and at what price...

 

Good job Mr. Type. I would of stood up to @medoraman but I don’t have the creds or vocabulary to battle. Most people who think there wiser and rub it in your face. Need to be stepped on like a bug now and then. You matched this member. And he rolled it back a bit.

 

What are you talking about? What do I "rub in your face" here?

You don't need "cred" here to disagree with me or anyone else here.

I thought the coin was a pretty rare piece. Yes, cleaned like most 18th century pieces, but a BU 18 century dollar is not a common coin to find. I clearly stated I didn't know its value, but almost any BU dollar of that period will cost as much as many people's cars. They did in the 80s and still do.

You have a beef with me, please tell me what it is, because I have no idea.

 

With an even tone that coin would be a stunner...so seldom do you see them in such detail. I am one that is not terribly picky about condition or uneven toning but I must admit that it's flaws do distract from it's wonderful condition...

There are ways to even it out but then people would shun it and I could buy it

 

This coin may have looked better when NGC graded it. After a piece has been dipped, it looks good to certain sets of eyes and gets a high grade. If it has not been properly rinsed, it will start to turn. The process can happen very quickly if the coin has a lot of dip residue on it, or it can happen slowly, over a decade or more. It can creep up on you. It has for me on a couple of expensive coins.

For a grader, it's tough to spot thus stuff on a bright white, dipped coin. About only defense that the consumer - collector has is to avoid such coins that are in new holders.

 

Excellent point. Unfortunately coin slabs are not stasis chambers. Red coins can turn brown, pretty toning can turn dark and dangerous, etc.

 

For anyone wondering, this is an S-79, reeded edge cent. This example is among the finest known. The Dan Holmes VG sold for over $1 million in 2009.

for me, since I collect ancient Chinese coins, I like high-grade large cents with a colorful patina. The colorful environmental encrustation on ancient Chinese coins is viewed the same way as bag toning on Morgan dollars. I certainly would not pay problem-free prices for such large cents, but I am in the vast minority that likes them like that. I think it’s preferable to a pitted brown surface. But when I sell, I have to expect the buyers to view the colorful encrustation as an ugly detractor.

 

I don't think it's an ugly coin at all. But hey, I have to look at myself in the mirror every day.

 

Well , how much doesn't one's 'feelings' have to do with what another will ask ?

Or , how much doesn't one's 'feelings' have to do with how much the 3rd person will pay ?

 

Ever read the David Jen(?) book about "shen" of a coin. Best description I ever heard. The rest of his book was a trainwreck, but its worth it for only that page.

I go in and out of Chinese coins, but love good patinas. I massively overpaid for a Roman coin one time with honest blue patina. Horribly rare. I always loved the large Ban Liangs because many tend to have simply wonderful patinas.

 

Never read the book, but I have read the excerpt. When you study ancient Chinese coins as extensively as I have, you understand what it means from an authentication perspective. It really can’t be taught except through experience and looking at thousands upon thousands of genuine coins.

 

"Near finest"? NO! This is the sixth-best of ten examples known to me. I turned it down at $6.5K in 1972 because it was so ugly. Actually, it looked worse then than it does now. A decade later it auctioned at over $100K.

 

I stand corrected

Oof

 

My dad offered to sell me in 1972 for $65 and had no takers. 48 years later I'm still ugly with no takers.

 

I don’t believe the coin is that ugly honestly.

 

Had those types of ugly it just takes more Beer..

 

I’m ugly and for sale to highest bidder. Take beer as payment too. Or bust dollars lol