1875 CC $20 Liberty what does it grade?

Two reasons....

First, the coin looks comparatively similar to other coins graded MS.

Second, the coin lacks field (not high-point) wear typical of AU gold.

Who is right? We shall see....

 

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For the sake of my bank account, I hope it's you Mike haha!

 

Au 58

 

I would guess Extra Fine 45 or AU 50 maybe as high as AU53 but i doubt it.

 

Au-50

 

Hello

If I had to guess, I would say it is AU53 or less. It has been trashed, like maybe a relic of the Civil War.


Amanda

 

Interesting, since the Civil War ended in 1865 and this is an 1875 CC.

 

Just got the grade in. It went MS61.

 

Well, an ugly MS is better than a nice AU

 

Sorry I didn't see this thread until now. My guess would have been, (I know sounds like I am cheating), either a 61, (TPG have said they don't really assign 60 anymore), and if not a 61 a 45/50. Nothing in between. The only prayer this coin had was no wear to keep the grade high according to US crazy grading standards.

Not trashing the coin LD, I realize its a scarce coin. Just once again tilting at windmills at why wear is so severely punished versus other damage in US grading.

 

I guessed 60. I don't see to many coins graded by TPGs as 60s for some reason or another.

 

I don't know if wear is punished as much as people put too much emphasis on the MS grade. It's true that an MS-60 coin is not attractive, nor is it at all pristine. They are the coins that are beat to death but technically haven't suffered their ill effects from circulation but rather from the post mint storage process. My point being that Mint state means "as it left the Mint" and that really doesn't speak to anything other than its condition as the coin left the Mint. You can beat the living crap out of a coin at the Mint and when it leaves it's Mint State as long as the luster isn't broken. I think it's more of a market bias than a fact.

There are many coins in AU-58 that I would much rather have than in MS-60 or 61. Or even 55 because they are by grade more attractive coins. I want an attractive coin and IMHO MS-60 and 61 are just not as attractive as most AU-58s.

 

I mostly agree sir, but would disagree with bag marks necessarily being made at the mint. A coin could have the living snot damaged out of it in bags sitting in a banks vault and it still be considered "mint state". I just never understood that, since I imagine the mint did not put all of these marks on this coin, it was post mint more than likely.

 

Congratulations on the MS61 grade. It just shows how harsh people can be on forums and in clubs on expected grades, and how such harshness would equate to substantial profits were they able to buy the coin raw and then get it graded and then look around for the top buyer on the coin.

Auction records have been $7K plus on that coin, MS62s around $12K. Some people would try it several times at the grading services with that kind of upside, but if you are making money a CAC sticker could garner some bucks without extra aggravation of resubmissions.

Looking through the inventories of some of the big boys of numismatics, I rarely see really PQ coins offered at their inflated prices--those go to their PQ customers who pay PQ money no questions asked.

 

Here are a couple AU58s, one CAC version; IMO the Dutchman's coin is much better.

http://www.raregoldcoins.com/wp-uploads/1875CC_20_N58_CAC.jpg

http://www.brokencc.com/modules.php?mod=Products&op=view_product&prod_id=100233

 

Sounds about right. Matt, are you pleased?

 

Could be, or Matt is a better photographer showing luster.

That second link especially looks bad. Could be the danger of comparing coin photos online and assuming all the photos are representative of the coins.

I like the luster on Matt's coin, no doubt, just too many marks and rubs for me to think it higher than a 61.

 

You could say that!

 

LD , just read the thread , and by what I was reading I was expecting a real dog for a coin . I would have figured AU-55 . Besides that it's a nice looking coin , especially with a 61 grade I'd expect a lot more bag marks .