GTG: 1853-C $5 Gold

Discussion in 'US Coins Forum' started by MDO, Jun 25, 2021.

  1. MDO

    MDO Active Member

    I made an offer on this coin and received a counter....NGC graded...SEE additional pics below....
     

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    Last edited: Jun 25, 2021
    yakpoo likes this.
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  3. Gilbert

    Gilbert Part time collector Supporter

    VF25. Not to throw stones but either this has been roughly cleaned or your photographic skills need a tuneup.
     
  4. yakpoo

    yakpoo Member

    I would love to have this coin in ANY condition. Is there such a thing as AU50+?
     
  5. MDO

    MDO Active Member

    My skills are limited to what I have to work with.... I'm waiting on better pics from the seller...
     
  6. Gilbert

    Gilbert Part time collector Supporter

    Whoops. I thought you were the seller. My mistake. Sorry.
     
    SensibleSal66 likes this.
  7. MDO

    MDO Active Member

    No problem.... I'm supposed to receive better pics this afternoon or I'm not interested in the coin even with a 30 day return privilege.
     
  8. Gilbert

    Gilbert Part time collector Supporter

    Post the new pics when you get them?
     
    Last edited: Jun 25, 2021
  9. micbraun

    micbraun coindiccted

    Details are better than VF25, however I agree the surfaces do not appear to be very original. I think it likely graded XF and as it’s from the Charlotte mint it may even have received a straight grade. XF40/45 maybe?
     
    Last edited: Jun 25, 2021
  10. MDO

    MDO Active Member

    New pics....

    5d1853c58a.jpg 5d1853c58b-1.jpg
     
  11. micbraun

    micbraun coindiccted

  12. Gilbert

    Gilbert Part time collector Supporter

  13. MDO

    MDO Active Member

    I was hoping for much better pics too...
     
  14. johnmilton

    johnmilton Well-Known Member

    The coin has AU details, but the surfaces look like sandpaper. I'd really have to see this one in person to comment more. Maybe it had some coppery toning and a prior owner didn't like it.

    I don't have an 1853-C $5 gold, but I own or have owned an 1852-C and an 1854-C.

    This 1852-C is graded PCGS AU-53, CAC.

    1852-C half Eagle All.jpg

    This 1854-C is graded PCGS AU-50, CAC. I liked this one better, but sold it to another collector as a favor.

    1854-C $5 All.jpg

    This 1842-C is graded AU-58, but it's been dipped.

    1842-C $5 All.jpg
     
  15. MDO

    MDO Active Member

    I like the 1852.....I think all will be surprised when they see how NGC graded the coin. This seller has not offered a generous return policy and I'm going to pass.... I didn't agree with the NGC grade and will post it later this evening.
     
  16. Gilbert

    Gilbert Part time collector Supporter

    Wise choice.
     
  17. ksparrow

    ksparrow Coin Hoarder Supporter

    The photos aren't too hot and so I can't judge the surfaces well which is key with these branch mints as so many coins have been processed. In terms of details, it's at least EF and maybe AU. MDO made the right decision IMO
     
  18. MDO

    MDO Active Member

    I was offered 10 day return privileges for a full refund.

    Here is the reveal.....

    IMG_7497.jpg .
     
  19. johnmilton

    johnmilton Well-Known Member

    NGC based that AU-58 grade on the design features and ignored the rub that is all over surfaces in the fields. The coin is over graded, and if it’s priced at the grade assigned, it’s over priced. The real grade is lower in the AU scale or “details” because of cleaning.
     
    micbraun likes this.
  20. MDO

    MDO Active Member

    I'm glad I passed on the "AU-58" 1853 C.
     
  21. charlottedude

    charlottedude Novice Collector

    I'm glad you passed also... apologies for coming to the party late, but that was an overgraded, over-processed coin (i.e., dipped out in an attempt to make it look "brighter" and garner a higher grade). Unfortunately both PCGS and NGC have "awarded" such actions by assigning branch mint gold unrealistic grades. You really have to shop around and be patient if you want to find a coin that has the eye appeal experienced collectors seek, and be willing to pay for. Here's my 1853-C example -
    1853C HE.jpg
     
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