Guess the grade--1917 T1 SLQ NGC

I agree that it is somewhat of a weak/soft strike! However, it has really nice details overall, a Full Head and it is hard to tell but the Shield appears to have all of the bolts. IMHO, I think that it is an MS-63FH.


Frank

 

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Paul

What did you pay for that? You can PM me if its more comfortable. I just want to compare notes.

Ruben

 

I didn't bid on it yet, but if I do, I will probably bid 15-20% over bid price (hint-hint).

 

Reasonably well struck.
The rivets on the shield and the the design on the shield's center are quite prominent.
I've given up guessing grades for AU/MS coins from images.

 

so your not going to let anyone skunk you out of it

Ruben

 

BTW - did you use pohotobucket for you exihibit? If so, send me the images and I'll put them on my server so they have a change of remaining for my lifetime at least.


Ruben

 

Not that and I am not trying to be cryptic, but otherwise I will divulge the actual grade prematurely. I made a post a few months ago advising members to be willing to pay a premium when one of these coins comes along. I am certain that several people have already figured this one out. Re-read the entire thread, everything you need is in there.

Paul

 

That is when the little marks play a big role. There are 3 on the reverse and one on the obverse that I am not sure of.

 

Well, I'm not getting it. I can search out the usual suspects but I'm too lazy. FWIW, I think I have a better one on the hook and it should be due very soon.

Ruben

 

three on the reverse and one on the obverse by ANA standards would put it into the MS67 and above zone. I'd need to see this coin. It has a lot of noise in the fields that I'd like to see with a loup and the strike, like RLD said, is a bit mushy.

But to me, I can't see anything on it which I can absolutely say without a doubt is a hit mark. The lettering is flat on the Obverse. GD says he sees breaks in the luster. He might be right. I don't see it but Doug is darn good at spotting these things.

Ruben

 

I found the bigger pics of the coin, if you look at the enlarged images you can grade it with reasonable ease.

That being said, Paul, why the heck do you feel compelled to buy a weakly struck one of these? Granted, the figure it's at right now is awfully low, but I wouldn't want this coin myself. Buy a weakly struck 27-S or something where you can justify it, not on a common date coin that's an anomaly among these because it comes so well struck.

 

Ms-63 fh

 

You must have the wrong pics. I also found it. You have the wrong grade and it is graded FH. How does FH equate to weakly struck?

 

Nope, I have the same pics. I didn't see the rub on the original pics that Paul posted, and regardless, I wouldn't be shocked if it came back in a 63 holder if cracked and resubmitted, I have sent in AU SLQs and had them come back as MS.

FH does not equal well struck either. SLQs are funny like that, I have seen coins where the head is full and the center of Liberty is so mushy and weakly struck that you can't see the line at the top of her right leg, and on the other hand, I have seen really sharply struck coins with concave heads. IMO too much attention is paid on stupid FH designations and people don't give the whole coin a good enough look, I have a "tough" date SLQ that's not an FH, it's close but no cigar (80-85%) but the rest of the coin is razor sharp and really a monster of a strike. It's better struck than any FH I have seen of the same date.

I added this pic to illustrate what I'm talking about, see, this coin is slabbed as a FH, but there's a LOT of these SLQs that are slabbed as FHs that are not true FHs. While this coin may technically qualify, you can EASILY find a 17-P Type 1 with a MUCH sharper head. Ruben found an absolutely monster gem of a 17-P FH that, if posted next to this coin, would blow it away.

On the pic I attached, look at the head, it's arguably a FH, but there's plenty of much better ones. Now look at the Shield, I have a PCGS VF30 example with a better shield. Also the torso is weak, and the gate on the right side of the coin that I highlighted is weakly struck. This is just from a quick glance.

 

When 17 out of the 25 votes cast were for MS62-MS64, I absolutely think this coin would qualify. My guess is that if it had a better strike, almost all of those votes would have been for MS64.



http://www.cointalk.com/forum/t41621/

But don't worry guys, I have no intention of actually bidding on this coin, I already have a 1917 T1 SLQ in my collection. But if anyone is looking for an affordable example of an expensive coin, this one certainly fits the bill.

 

You need to send me photos of that tough date SLQ for inclusion in our Cointalk registry set.

http://www.cointalk.com/forum/t46956/

 

so where is it selling?

Ruben

 

Heritage, and it is already above wholesale with 3 days left. My guess is that it will go for MS62 money.

http://coins.ha.com/common/view_item.php?Sale_No=69021&Lot_No=61109

 

its not above the market realized prices yet, but with the FH designation its bound to go up unless the market is really flat for SLQ's. FWIW, I'd pass on this coin. I saw a better AU example that I liked that I was willing to pay $500 for and without a FH but is it was an amazing strike...

Ruben