Does it grade? 1864 S $10 Liberty

For comparison on rare date gold--the 1870-cc $20: http://coins.ha.com/itm/liberty-double-eagles/1870-cc-20-xf40-ngc/a/1175-6210.s
http://coins.ha.com/itm/liberty-double-eagles/1870-cc-20-xf40-ngc/a/1175-6210.s
They usually let "cleaning" issues and minor problems pass.

 

Log in or Sign up to hide this ad.

It's too nice of a rare coin to detail . This is a big gold coin which usually have large hits while in circulation . I think it'll grade . Will you take a grand . lol

 

What scale are you using? R-9 means unique, or unknown (with 1 or less known examples). A coin with 24 examples known would be an R-6 coin (with between 13 and 30 examples). R-6 is described as "very rare".

As for the coin itself, the gouge on the front precludes a straight grade. For those saying the rarity of the coin means that it should straight grade: this is market grading at its absolute worst. You are saying that the standards don't really apply to rare coins, and that they are graded differently. Is this really what you mean? Either a standard is the standard, or why bother having standards at all?

Also, the coin does not appear to have been cleaned.

 

Sorry for the confusion I was using the scale on Coinfacts not the Sheldon rarity scale. You're right of course.

 

Not cleaned but in my opinion a details scratched / damaged coin. An xf details I'd call it. Not too appealing for anyone that loves eye appeal but for the lover of an ultra rarity! A coin with a mintage of 2500 from a branch mint during the war. Hard to believe any survived! Great thing I. Enjoy seeing!

 

If I were trying to do the right thing for the owner; I would do multiple submissions until it got in a problem free holder. Then it may have to be sold through a major Heritage or other auction. It will not get top dollar as an XF details scratched holder! But having it in a problem holder would be one way to discourage the owner; ie "Hey the coin came back from PCGS as a problem coin. I don't think it is worth as much as a problem coin. I will offer you $25K, how about it?"

Let's say the coin is worth over $100K, not far-fetched by any means. The original owner deserves 90% of net proceeds. Some dealers operate at under 5% of profit, others do it as a favor. I and others here have done $100Ks+ of value in coin submissions. You would be surprised what they are willing to straight grade. Bag marks and other handling problems come in all types. Who is to say how it happened?

 

Me as a collector I would not buy this as a problem free example regardless of what the holder said. That being said if the price was adjusted fairly for the damage and I was collecting $10 liberties and I needed and could afford it id jump at the chance to get such a rarity

 

I advised the agent for the owner that it may take multiple submissions but ultimately I left the decision making process up to him as he represents them and they would be the one having to front the couple of hundred dollars a submission. It's going to be neat to see how it plays out.

 

Because of "market grading", and the date, I wouldn't be surprised to see an XF grade.

I have common date similar specimens with barely obvious damage that are slabbed "PCGS Genuine, Scratch - AU Details"

Generally, on the average, my opinion is that the coins I own shouldn't have received the AU Details statement.

JMHO

 

I am with physics-fan, grading standards should equally apply to all coins, or at least to all coins of a series, regardless of the date or mm. Scratches and marks can look worse on pictures than they actually are, so not sure if that coin would grade or not.

 

I think the obverse hit precludes a straight grade (or ought to). Otherwise plenty of dirt and patina, a big + in my book as far as desirability.

 

Like the 1913 V-Nickel that went from AU-58
to MS-63 -- or what ever.

 

It's a wonderful coin but the large depression in the field and the bust on the obverse and the scratches on the reverse above the eagles head will prevent this from getting a straight grade. Of course this is just my opinion.

 

No way. But even if it did, I imagine most buyers wouldn't pay "problem free" money for it. $10 Liberty set builders undoubtedly have deep pockets and would pass for a better one - even if much more expensive.

I couldn't see a casual gold collector going for such an expensive coin.

 

I would bet they grade this as a problem free, XF40 coin.

 

Just curious this being a raw coin is this a known example with previous collection histories or isxthis a total new discovery?

 

Graded this morning.

 

Boing! Big payday coming for someone. But maybe rationals buyers will discount the 'value' of this coin due to the perceived marketing grading.

 

Congrats Matt , I still like that coin .