1875 CC $20 Liberty what does it grade?

My guess was 61. Maybe this coin is a good example of market grading versus technical grading - technically the coin has rub thus 58, but the market accepts such light rub as a ms61.

 

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Mike do you mean about right for a tpg grade , what would you grade her with ANA 6th Edition Standards ?

 

Did I think it was sure fire a mint state coin? No. Did I think it might come back 61? Sure that grade was within the realm of possibilities.

 

Part of being a good dealer is to be able to pick them , and you did Matt , congrats .

 

Typical hairlining for a 61, would have to see it in hand to make a determination on whether it deserves MS, but it's a CC, huge demand, they tend to be semi-PL.

If someone wanted to sell it to me as a dealer, the ethical thing to do would be to give a grade range and that I would pay based on what it graded the first time around. To make more than say, $500, on one transaction like this would be unfair to the seller.

Many dealers would buy it as an AU50 at most (Greysheet), and sell it for whatever Heritage, Lee Minschull, or Spectrum would offer. CAC and it could be worth another 10%, and CAC will buy it too.

 

Hello

For who? I generally like higher grade BUs over MS60's or MS61s. I won't buy any mint coin not greater than an MS63 or better.

Amanda

 

When we are talking about rare or high-demand gold you would have to shell out many times more $$$ for a MS63/64.

I would rather have an MS60 all day long over an AU58 rare coin, unless it was really butt ugly.

 

I generally tend to agree... But being a coin that sells for $27k - $30k in MS 63... I'll take a 61... .

 

I think I need you to send some coins in for me Matt. Seems like they really do like you down there. Congrats on the grade though, I'm sure you don't mind it. Just curious though, what was your grade?

 

Oh blast. I was wrong. Nothin' new there though.........

Congrats Matt.

 

AU61... Haha!

 

Go ahead.....rub it in.......

 

Yes, that's what I meant.

58ish, but I really don't do ANA....

 

I don't understand the folks here that are guessing MS61 or AU58? Those two don't go together. If you say MS61, then the corresponding AU is 50 or 53. An AU58 looking coin with no rub is a MS64 or above, unless you are applying some sort of market grading to get a true AU58 to a Mint state level.

 

I think you need to do a bit of study on grading. AU-58 is a coin that shows a very slight amount of wear, bag marks are immaterial to the grade. An MS-61 coin is a mint state coin with plenty of bag marks.

 

I would disagree, a slightly worn coin with heavy bagmarks should not make a 58. Bag marks are indeed a factor in any circulated grade.

 

60

 

Rub = AU58?

I believe you'll find numerous "Top Tier" TPG certified MS62-63 of this type with appreciable "bag rub/marks". I could show some horrendous personally owned examples which I've previously posted, but instead just found one of the few current auctions that has "close-up" images: http://www.ebay.com/itm/1888-1890-S-Liberty-Head-Double-Eagle-20-Twenty-Dollar-Gold-Coins-PCGS-MS62-/170830344560?pt=Coins_US_Individual&hash=item27c6483170

"Market Grading"?

 

I don't know how they get into slabs some of the obviously worn $20s I have seen. There are lots of debates on "rub" vs. "wear" vs. "cabinet friction" and I have known dealers who will make arguments all day long on how their problem coins *should* grade were the grading companies truly impartial and "objective". Check out this site and his uncertifiable rarities: http://www.linumis.com/store.php

Even dealer "authorities" like Doug Winter will sell overgraded coins without discounting those items greatly which would be the ethical thing to do. I saw an "MS62" $1879 $20 on his site that was MS61 at best and he wanted nearly full "Trends".

Look sometime at all the auction listings without descriptions, which is telling that the cataloger considered it beneath his or her professional dignity to justify an item with a description of the merits of the coin. He is not going to say, "this coin is low-end, it has problems the graders missed, I am really and truly ashamed it is in our prestigious auction". Images tell the story ultimately and I'll be the grading companies will bid on overgraded dogs with problems so that the coin does not continue to embarrass them.