Featured 1858/7 Flying Eagle Cherrypick

Discussion in 'US Coins Forum' started by TypeCoin971793, May 7, 2018.

  1. I was quite surprised when this fell into my lap. I saw the die chip above the date, and I immediately knew what this was. This Die pair was significantly misaligned at some point in its use and struck these coins very weakly. Bill Fivaz has verified my find and thought it would grade AU-50. I was in the EF range, but this is the first of this variety I have handled.

    The planchet has a lot of “woodgrain” streaking.

    79953D76-CFBA-4049-86C8-76DF867761BC.jpeg 46206DDE-E8E5-4799-9AE4-F28BC6229EB6.jpeg
     
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  3. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Confirmed as 8/7 . . . weak variety.

    I'd call it genuine, cleaned. It looks to me like a weakly struck AU coin that has suffered a substantial loss of original mint luster.
     
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  4. Casman

    Casman Member

    Awesome pick, Congrats!!! Broken right wing is a definite match.
     
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  5. C-B-D

    C-B-D U.S. Type Coins or death! Supporter

    Great find. There was a time 10 years ago when these went for big time money. They go for much less today, but I'd still die to find one. Well, I did once.... but it was a VG. LOL
     
  6. It is definitely the strong variety. The 7 is extremely clear even without a loupe. Let me get another picture.

    I also thought cleaned, but Bill said no. ¯\_(ツ)_/¯
     
  7. A PCGS MS-65 Strong Variety with the same strike weakness. 5883A4F3-8427-4B96-B235-2BF8319BF121.jpeg
     
  8. Casman

    Casman Member

    Looks original to me.
     
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  9. Different lighting.

    8E32D9A3-04FE-4463-B6DB-01FD27B4355A.jpeg 06AC6232-1973-4C57-9F33-AD627B3FA490.jpeg
     
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  10. Sunflower_Coins

    Sunflower_Coins Importer and Exporter

    Neat find! Is the weakness due to weak dies?
     
  11. Weak strike and misaligned dies
     
  12. C-B-D

    C-B-D U.S. Type Coins or death! Supporter

    Don't send it to PCGS right now. They graded every coin in my last order 1 grade lower than expected.... 1 grade lower than they used to. NGC has been getting WAY more business from me. And their economy service is nearly 3 times faster. 21 actual days as opposed to 50 something for PCGS! :eek:
     
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  13. I was planning on sending it to NGC. I have an accumulation of coins waiting to be sent in.
     
  14. Casman

    Casman Member

    PCGS has been a mess for a long time, variety attribution is a joke, slow as molasses, and silly grading.
     
    furham likes this.
  15. Eduard

    Eduard Supporter** Supporter

    Very nice find, TC!
     
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  16. SilverDollar2017

    SilverDollar2017 Morgan Dollar Collector

    I've never sent a coin to PCGS, but from what I've heard they're very slow and are grading one grade lower that you would expect. Send them to NGC.
     
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  17. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    I also can confirm suspicion about 1 grade lower from PCGS recently. If they are going to do this, I wish they would change the label to prevent further confusion.
     
  18. chascat

    chascat Well-Known Member

    A beautiful coin, but in my half vast opinion, a weak strike but EF45.
     
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  19. Treashunt

    Treashunt The Other Frank

    Over the years, I have cherrypicked 3 of them:
    1- F
    1- VF
    1- XF
     
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  20. Endeavor

    Endeavor Well-Known Member

    The lower grades and longer turnaround is definitely not good for the quick seller or dealer, but couldn't one make the case that the more conservative grading is good for long-term reputation and therefore value? If what I've heard is accurate, loosening of grading standards is what significantly hurt ANACS and ICG reputation and values.
     
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