GTG 1820 Large Cent

Discussion in 'US Coins Forum' started by TypeCoin971793, Dec 4, 2017.

  1. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Ingenue sense fails me.........
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  3. IBetASilverDollar

    IBetASilverDollar Well-Known Member

    beautiful coin, grats on the pickup
    TypeCoin971793 likes this.
  4. ddddd

    ddddd Member

    @TypeCoin971793 is right; this is the newest NGC holder (with the text on the left side).
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  5. ddddd

    ddddd Member

    And I agree it's a beautiful coin. Besides the marks on the cheek and the hit in the field (above the nose/eye area), the coin looks pristine for its age!
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  6. asheland

    asheland The Silver Lion

    They were brutal on that one! My guess was 65BN!
  7. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Yes, that holder came out within the last year.

    NGC has tightened grades in the last year or two, according to most analysts (conspiracy theories abound as to why). I think 64 is a fair grade, but we've gotten used to somewhat "gradeflated" grades. I would think, however, that 63 or 63+ would be absolutely warranted for this piece.

    62 is ridiculous based on these pictures.

    I'd be interested in what an old-time copper collector like @Conder101 might think of this coin?
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  8. Michael K

    Michael K Well-Known Member

    The problem with them tightening their grading standards recently (which is a good thing and every grading company should do the same) is the disparity of their own grades on the same coins. This date coin in another holder 3 years ago (which may not even be as nice as the OP's coin) could be a 64/65. And then you have this coin which is better, at 62. Yes buy the coin not the holder, blah blah blah. The point is, the inferior coin is going to get the top money on the resale market because of the overgrade, and this coin is being undervalued. In time, the stricter grading will catch up, but right now it creates a bubble of overgraded older coins and undergraded new submissions.
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  9. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    So you're saying.... I should buy the coin and not the holder?

    Man, you're a genius! ;)
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  10. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

  11. C-B-D

    C-B-D Well-Known Member

  12. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

  13. ldhair

    ldhair Clean Supporter

    I'm still at 64. Maybe the marks on the cheek held it back.
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  14. jtlee321

    jtlee321 Well-Known Member

    I was blown away at the 62BN grade. I was all over this as a 64BN. I don't know older copper like this, but it is an absolute stunner. Every time I come across a coin like this in a holder like that, I start to smile like the Grinch that just stole Christmas. Nice buy and perfect example of buy the coin not the holder.
  15. baseball21

    baseball21 Well-Known Member

    They probably netted it for the reverse. They don't like that look with those patches of color.

    Exactly and it's a problem that they're aware of hence that hit piece they put out earlier this year that left a lot of relevant information out. They know that a lot of their best coins are being lost to cross overs leaving the less eye appealing ones and generic ones along with the over graded ones to sit in their holders. All of them have been tightening for a while, but with them in some cases it almost gives the feel of population control when it's so overly tight. Almost no one would bat an eye with that coin above in a 63 and most would probably consider it an upgrade candidate
    TypeCoin971793 likes this.
  16. SuperDave

    SuperDave Free the Cartwheels!

    Lovely, undergraded N-13. I'm a real fan of the circumferential cracks on Large Cents of this era. I got this one in an NGC 63 slab (from the same place you got yours :) ):


    He took care of me on the price, which was good because I cracked it for these shots (I bought it to learn to shoot Mint State Large Cents) and it came back 62 when I resubmitted. We both figured that was closer to reality. Wish I'd waited to sell; these have near-doubled in price in ten years.

    At 62, yours is a CAC Gold bean in the waiting.
  17. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    Your coin has a lot of luster for an MS-62 by current TPG standards. Me likey!
  18. SuperDave

    SuperDave Free the Cartwheels!

    I bought it from McCawley at a Baltimore show ten years ago. The luster was terrific, and I think the reason NGC overlooked a few extra nicks to give it MS63. Although they didn't the second time around. :p

    In every other particular, I like your coin better. There is no justification whatsoever for it to be at 62; even if one docks the coin a grade for the somewhat dull surfaces - it's undoubtedly a Randall Hoard coin, and the surfaces are understandable - the result should be MS63 in my opinion. I would almost certainly throw "MS-63 minus the cost of regrading" at it, although the intent would be to leave it in the current slab and send it to CAC.
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  19. Insider

    Insider Talent on loan from...

    IMO, in agreement with most here, your coin is undergraded - BIG TIME. Minimum TPGS grade should be MS-63 BN.

    I'd sell it as a 64 and the big dealer would probably get it into a 65 slab! Only "real" distraction is the spotty obverse. I opened two of the examples on Ebay and they suck when compared to your coin which has full mint luster and very few marks. Unfortunately, IMO, its color is not natural.

    Rather than trying to show the large corrosion spotted PCGS MS-63 cent in one of the links, let's take the 1818 coin above. This coin is OVERGRADED as an MS-63. The original luster is rubbed off the high points and there are corrosion spots.

    That's my opinion - hope it makes sense.
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  20. Lehigh96

    Lehigh96 Toning Enthusiast

    Oh for Pete's sake, just resubmit the coin already! ;)
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  21. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    I did some reading on the Randall Hoard, and it seems that the vast majority had splotchy brown color. I think the splotchiness on my coin confirms its provenance which adds to its character. I could be wrong, but that is my figuring.
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