]I had received a pair of IH from a good friend of mine of a metal detecting forum. He had about 200 of them, ready to sell. He sent me and 1891 IHC and a great looking 1906. If anyone can tell me the grade, be much appreciated. I guess F-12.
Looks better than Fine. I would say VF-30, though the net grade would be around VG based on the obverse spot. ACE Mike
Retail value around $1.75 though a dealer buy price would be maybe 75 cents. The large spread is based on it being a very common item, therefore hard to sell with any flaw (the spot). ACE Mike
For this date there is not much difference in price between grades until you get to AU and MS. Grey Sheet is $1.60 in F, $2.35 in VF and $6 in XF.