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GTG: 1793 Bermuda Penny
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<p>[QUOTE="Coinsandmedals, post: 4614994, member: 107435"]<b>My grade:</b> MS-63</p><p><br /></p><p><b>NGC grade:</b> MS-63</p><p><br /></p><p>Finding a decent looking uncirculated 1793 Bermuda Penny on a budget is no easy task. Although this coin is commonly encountered in heavily circulated condition they are very scarce in MS. There is some interesting historical speculation for why this may be, which I briefly introduced in an earlier post on the same coin (<a href="https://www.cointalk.com/threads/a-brief-introduction-to-the-1793-bermuda-penny.357923/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/a-brief-introduction-to-the-1793-bermuda-penny.357923/">LINK</a>). Collapsing across color designation there are only 57 examples graded 60-66 at both NGC and PCGS. Examining this piece in hand for the first time my gut instinct was MS-63, but I studied the auction archives from Heritage to confirm my estimate. The MS-64 examples that I came across were largely free of the handful of very minor contact marks that are scattered throughout the obverse design on my coin and were typically better struck. The MS-62 examples I examined were not nearly as crisp as my coin and had substantially more contact marks on both the obverse and reverse. It seemed logical that my coin would fall somewhere in the middle. Overall I am happy with the MS-63 grade NGC assigned it and I feel as though it is a solid example for the grade.[/QUOTE]</p><p><br /></p>
[QUOTE="Coinsandmedals, post: 4614994, member: 107435"][B]My grade:[/B] MS-63 [B]NGC grade:[/B] MS-63 Finding a decent looking uncirculated 1793 Bermuda Penny on a budget is no easy task. Although this coin is commonly encountered in heavily circulated condition they are very scarce in MS. There is some interesting historical speculation for why this may be, which I briefly introduced in an earlier post on the same coin ([URL='https://www.cointalk.com/threads/a-brief-introduction-to-the-1793-bermuda-penny.357923/']LINK[/URL]). Collapsing across color designation there are only 57 examples graded 60-66 at both NGC and PCGS. Examining this piece in hand for the first time my gut instinct was MS-63, but I studied the auction archives from Heritage to confirm my estimate. The MS-64 examples that I came across were largely free of the handful of very minor contact marks that are scattered throughout the obverse design on my coin and were typically better struck. The MS-62 examples I examined were not nearly as crisp as my coin and had substantially more contact marks on both the obverse and reverse. It seemed logical that my coin would fall somewhere in the middle. Overall I am happy with the MS-63 grade NGC assigned it and I feel as though it is a solid example for the grade.[/QUOTE]
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GTG: 1793 Bermuda Penny
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