hone your grading skills -- chain cent

Discussion in 'US Coins Forum' started by Leadfoot, Mar 25, 2008.

  1. monkeyman

    monkeyman Coin Hoarder

    im going with g-4
     
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  3. ikes4ever

    ikes4ever Senior Member

  4. Doug21

    Doug21 Coin Hoarder

    I'm no expert on this issue, but I think the chain is a key element, so it may be better than a low Good, maybe even a low VG, even though it looks AG.

    I can't grade these, its just not an indian cent or something.
     
  5. Eduard

    Eduard Supporter**

    Leadfoot,
    That is a nice example of a Chain cent. Nice smooth surfaces (much nicer than mine), and not seen often on a chain cent.
    I would say A.G 3
    Is than an S-3 "America" Type?
    I am just sorry for you that you had to let your 1793 Liberty Cap go! (Please post pics of that coin if you can).
    Enjoy your new copper! Obtaining a Chain cent is a real milestone for a large cent collector.
    Eduard
     
  6. DJCoinz

    DJCoinz Majored in Morganology

    I'm with Jack on this one...FR-02 and a very attractive coin. :thumb:
     
  7. Ed Goldman

    Ed Goldman coin collector

    I know it's a 1793 chain.. I would go for one that atleast you could see the date even faintly...Still a genuine nice coin..I won't try to grade it. I'm sure the price was right.
     
  8. zaneman

    zaneman Former Moderator

    I would grade it ag-3. Congrats on a very nice pickup! :) Your coin as I'm sure you know is much much nicer than a lot of the chain cents that find there way into holders these day.
     
  9. Tater

    Tater Coin Collector

    I'm torn between a 2 and a 3 so I'm going to say ag-03. Cons: the coins worn, pros: its a chain cent. nice pick up, and thanks for sharing.
     
  10. alpha480v

    alpha480v Senior Member

  11. Speedy

    Speedy Researching Coins Supporter

    I've only seen one of these in person that I can recall, and it was really low grade, and $$$. I'm not that good with the grades on these things so all I'll says is NICE COIN!!!

    Speedy
     
  12. Leadfoot

    Leadfoot there is no spoon

    PCGS graded the coin FR-02.

    My subjective opinion on the coin: I can't say I disagree with the grade, but if there's such a thing as a choice FR2, this coin is it. For those of you who have tried to find a nice example in these grades, you'll have a good feeling for how difficult it is. As some have pointed out, most are very dark and porous and generally unappealing. This coin is anything but -- at least to me.

    While I would like an example with a readable date and reverse legend, my budget simply wouldn't allow me to afford a coin like that. As it is, this is the most expensive coin in my collection, and it was a tough decision to trade the liberty cap for it. However, I just thought that finding a replacement liberty cap would be far easier than finding a more attractive low-grade chain cent.

    The coin was purchased from Shawn Yancey, and he described it as follows:

    "Talk about a perfect, smooth, choice FR2! Really smooth and attractive with half of LIBERTY, full bust, and maybe an imagination of the top of the date, full bold chain and fraction, about about half of the reverse legends, the S3 attribution is easy thanks to the part of LIBERTY that is visible and the clearly incused chain at the throat, an exceptional coin for a FR2 chain cent, most would call this one an easy AG3"

    Here's the coin I traded away, which some of you might recall I purchased from Doug Bird at Fun 2007:

    [​IMG][​IMG]

    Thanks for all the guesses and comments. Congrats to Jack for being the first one to guess correctly. Take care...Mike
     
  13. Shortgapbob

    Shortgapbob Emerging Numismatist

    I would call it a 3/3 coin and would buy it as a FR-2 any day of the week. Nice pick up.

    I have to say though, you traded away a nice piece too.
     
  14. tcore

    tcore Coin Collector

    I've never seen Mr. Yancey's site before. It looks like he has some great coins at reasonable prices.
     
  15. mark_h

    mark_h Somewhere over the rainbow

    Well it was a good trade and I personally still think ag-3.
     
  16. EdsCoin

    EdsCoin Senior Member

    Well I would call it a nice Chain Cent with good color and surfaces, That I would LOVE to own. Congratulations Mike!
     
  17. rohumpy

    rohumpy Senior Member

    It must have been very difficult parting with the Liberty Cap cent. I don't know how you made that decision.
     
  18. Leadfoot

    Leadfoot there is no spoon

    Wow, shot from the past. I let the liberty cap go because I liked the chain more, and didn't have the money for it. That, and the edge bumps on the Liberty Cap -- while they didn't bother me at the time (and didn't bother PCGS which subsequently graded the coin VF 35, IIRC) -- started to bother me.
     
  19. 900fine

    900fine doggone it people like me

    Yep, it was a great LCC.

    But it's also true that the vast majority of low-grade Chains aren't pleasant to look at. Finding an FR2 that good is very, very uncommon. I can see why you jumped on it, Mike.
     
  20. Collect89

    Collect89 Coin Collector

    You lucky pup

    Nice Chain cent. I was too late to guess at the grade. I really like the chain reverse & it might be cool to have the reverse facing forward in the slab.
    Very best regards,
    collect89
     
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