1803 $1 ANACS - Problem?

Please keep in mind that everything I wrote about the coin was simply a set of opinions based upon the single images provided. There are multiple ways that I could have interpreted those images incorrectly and they include faulty image acquisition, post-acquisition image manipulation and factory default settings on the monitors used to view the images. Therefore, each one of us who posted in this thread could be very wrong about the surfaces and/or the appearance in-hand.

 

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Thanks, Tom. With these early silver coins, learning to understand what is considered "cleaned", "AT", "smoothed", "repaired", and "damaged" , and how to value these conditions, is sometimes a bit too subtle, so I appreciate your knowledge and experience.

 

I agree with the general consensus that the coin was dipped white and then retoned. The rev. to me looks AT, in particular, owing to the odd coloration and distribution.

 

One more dip or not ~ I would think.

The OPoster has indicated all he has is the photos. When I try to get to a ANACs
white color for the insert from the greenish above, I get close to this, so I suspect the photo is juiced ( intentionally or not) and certainly would make sure return is secured, allows a time for certification, and non-questioned before acquiring. The color looks off to me for natural toning

The residue does concern me. Maybe be a great deal/coin, but get it in hand or fresh photos.

 

"...make sure return is secured, allows a time for certification, and non-questioned before acquiring."

Thanks, Desertgem. What does this part of your comment mean?

 

I would want to be sure, I could return it at my expense with no reasons needed for the total payment to be returned. Not knowing the price or type of seller, I changed my mind on asking for time to have it re-certified by PCGS or NCG to see if detailed, as time is money to a dealer, as they may be flipping it for a quick $. Best of luck and post photos if you get it.

 

Any update?

 

No update yet, except that I'm looking at a few other Bust Dollars also, and have found a couple of nice graded ones that I'm also considering along with the 1803. I've even found some nice VF-35 ones that are really good-looking for their grade. I will update when things reach a conclusion.

 

Kirkuleez mentioned earlier that this coin was probably net graded EF40 by ANACS.
It definitely has better than EF40 detail. But Why is this not noted on the label?
I have seen other old ANACS labels on details coins that say something like "AU50, net VF35".
So, net grading is explicitly declared. If this coin was net graded, why is it not explicitly declared,
as I have seen on other old ANACS slabs?
Conder101, Kirkuleez or anyone else know about this?

 

Without the coin in hand, I am purely speculating.
Though some would disagree with this statement, all grading companies do market grading to a point where they essentially assign a value to the coin more than giving the coin the technical grade. Nothing new about the practice really, but older, scarcer coins tend to get this treatment rather often. This is why learning how to grade and knowing the market for early (US) coins is essential. TPGs are useful for authentication, but there are several other things that would determine the value of the coin. In particular, cleaning, corrosion, color, overall eye appeal, strike quality and so on.

 

Nice looking coin! Could be it was left in a car over night and the moisture from a cold night affected the coin. It's a shame, whatever happened to it. good luck

 

Update: Well, this coin sold for $8225 at the FUN show in January. So, someone liked it a lot.
I still haven't bought a bust dollar. I've been bidding on many, and learning a great deal about them.
In retrospect, this is a great coin, detail-wise. Very few are as nice as this one. I think the buyer paid a reasonable price, even considering possible past dipping and lack of luster. I've seen much worse cases of obvious cleaning given good grades by PCGS. What do you guys think about the price paid?

 

I was second guessing my earlier appraisal thinking that it was too high. I can't see how that price paid was justified as nice as the coin is. Perhaps a rare die marriage?