Guess the grade--NGC 1925 Peace Dollar

Joe, no need to take the meds.......

 

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Never heard them called that (Si and Gar), but yes I am (a fan). All the way back to Tom and Jerry. And if you have not heard of them, look for "Hey School Girl"

 

Paul Simon is a great writer / musician . To still be relevant from the 60s is quite an acomplishment .
rzage

 

I don't know Rim....could of been a NY thing callin' them Si and Gar. Sometimes I'm a bit ethnocentric.....

 

Here comes the slab. This coin is currently in auction in the Heritage Final Session which is internet only (no floor bidding). That is important because everyone will have to grade the coin using the photos provided. It is extremely rare that I find a blast white coin that grabs me, but this one has done it. Doug is correct that the coin is deceptive because the abrasions on the coin preclude it from the higher grade, but the coin is outstanding in appearance because they are not in focal areas and can be easily overlooked. Additionally, the coin appears to have fantastic luster based on my experience with overexposed Heritage photos.

My concern is that other bidders may think the coin is undergraded and place a premium bid to the assigned grade. Based on the number of people here that also think the coin is undergraded, I am hoping to gain knowledge of how much of a premium this coin might drive. I know that Doug thinks the coin is a solid MS65 in a 66 holder, but based on my experience with NGC and PCGS Peace Dollars, this is a solid 66 that appears to be a 67. I am not about to pay 67 money for this coin and want to pay as small a premium as I can on the 66 money to obtain it. Normally, I don't really have to worry about the assigned grade because I am paying a premium for the toning. With this coin, I must pay attention to the grade because there is no toning to drive a premium even though this coin is supremely eye appealing IMO.



BTW. Don't even think about out bidding me.:loud:

 

good luck, let us know how it looks in hand if you get it.

 

if no in-hand evaluation is available, I would definately not pay the premium for the coin. 66 money would have to be my limit, but that's just me

 

If I get this coin for MS66 money I will be absolutely amazed and extremely happy. My guess is that it will go at least 20% over wholesale price. As far as not having an in-hand evaluation, I never do because I don't ever attend coin shows and I don't personally know any reputable dealers who I would trust to give me a second opinion on the coin. The TPG's grade is the first opinion. Add into the equation that I am a gambler and rather enjoy rolling the dice on my purchases. It might not be really fiscally responsible, but then neither is gambling.

 

Don't forget that you have to pay a 15% sellers fee (or whatever they call it) to Heritage. It's listed under your bid, just make sure you don't forget about it

 

Well I guessed right MS-66 , here's hoping all them other bidders aren't touching their chips on this one if you know what I mean , hope you get it and tell us about it in hand , good luck .
rzage

 

You base this on an Heritage photo? Interesting. [Edited to add: I see it is an internet-only auction, so your statement makes more sense to me.]

Regardless, good luck with the auction, and please keep us updated on things...Mike

 

p.s. from the photos, it looks like a solid 66 and that's what I guessed.

 

looks like I have a bit to learn about Peace Dollars

 

Me too

MS-66 that a rare 1!

 

awesome blast white coin!!!

 

I didn't want to post an update this soon, but my fears are becoming a reality. The coin is currently at $950 ($1,092 w/ BP) and there are two weeks left in the auction. Numismedia wholesale for an MS66 is $615 and MS67 is $3,775. I guess this thing might go for 2-3X times wholesale as my 20% has already been crushed.

 

Bummer.......

 

I say au64

 

Rumors are that NGC has been very tough grading classics lately. Perhaps there's some truth to it....Mike

 

Things sell for alot more on Heritage regularly. Either its because people like phallic waving, or .....well I don't know. It takes don't buy the slab, buy the coin to a new low. The pictures are better than Ebay, but still.

I did buy a Mercury dime from them because it had a great strike (the hair by the eye is usually weakly struck the later years), but otherwise I find it hard to even think of buying from them +15% $9 minimum.