GTG-1840 No Drapery Liberty Seated Half Dime

And sometimes giving that AU-58 an MS-63 is just a bunch of bunk. Here's the coin that finally soured me on the high priced U.S. coin market. PCGS graded this thing MS-63 and CAC put a sticker on it. Look at the reverse field above the eagle's head. I think they call that "rub." There is a lesser amount of rub around Ms. Liberty's portrait.




The Classic Head gold coins are very expensive in true MS-63 and rightly so. They got a lot of use for a gold coin, and they are truly scarce in MS-63 or better for any date.

This piece missed the mark. If PCGS had called it an MS-62, it would have been a little push, but market grading says that is okay. Instead it got MS-63, which more than doubles the price.

There is a string on the PCGS forum asking if CAC has relaxed their standards. From what I have seen, they have, right along with the "grade-flation" standards. I could not say that over there because the CAC weenies would jump on me and I'd get banned. But that's been my observation.

 

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Why thank you. Good to know

 

No doubt about it. I have seen pretty liberal grading of early gold and some other issues. Now, whether or not CAC has relaxed their standards, I don't know. I talked to my LCS this morning about submitting a 1811 half eagle for me so it should go in to CAC in a week or so. I showed this coin in a GTG earlier this week and a number of our members thought it would CAC so we'll see what they say. When I find out, you'll be the second to know.