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Indian Head $5 Gold-Gradeflation at its Worst....
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<p>[QUOTE="fred13, post: 2159045, member: 20688"]I don't post all that often if at all in the US coin forum because I mainly tend to concentrate on World Coins. After all whose silly enough to limit themselves just to 2 centuries of coinage from one country right?</p><p><br /></p><p>Anyways for the past few months I've been on the lookout for an MS Indian Quarter or preferably half eagle as a type coin simply because I really admire the aesthetics of the design.</p><p><br /></p><p>Now these days as a World Collector I've come to realize that about 50-60% of the time if a coin is graded MS 60-64 by PCGS or NGC and isn't beat to death it has wear on it.</p><p><br /></p><p>But let me just say grading is an absolute joke when it comes to $2.5 and $5 Indian coins. In the past few months I've looked at about 200 au 58-ms 63 graded examples and 99% of all of those coins had wear on the coin with the 58's having enough wear for me never to justify paying more than an au 55 coin at best. The other 1% is attributable to properly graded coins that were identified as dealers as such and were thus selling at premiums I wasn't comfortable in paying.</p><p><br /></p><p>I did manage to find a coin that matched my requirements a while back but I passed because the scratch on the reverse bothered me</p><p>[ATTACH=full]415423[/ATTACH] [ATTACH=full]415424[/ATTACH]</p><p><br /></p><p><br /></p><p>So my journey continued and remained fruitless. Now while I am quality oriented and patience both of those traits have their limit so I finally found a raw coin which I think is an honest au 58. Ironically enough it comes from a leading European Auction house. In all likelihood I won't be submitting the coin for grading because I don't want it being in an MS slab. If only the TPG's offered grade maximums instead of grade minimums only sigh.</p><p><br /></p><p>With that said here is my new addition which in my humble opinion represents an honest 58 coin and not the normal dreck you see being offered for sale today. Please feel free to show off your properly graded Indians if you have any as well!</p><p>[ATTACH=full]415426[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="fred13, post: 2159045, member: 20688"]I don't post all that often if at all in the US coin forum because I mainly tend to concentrate on World Coins. After all whose silly enough to limit themselves just to 2 centuries of coinage from one country right? Anyways for the past few months I've been on the lookout for an MS Indian Quarter or preferably half eagle as a type coin simply because I really admire the aesthetics of the design. Now these days as a World Collector I've come to realize that about 50-60% of the time if a coin is graded MS 60-64 by PCGS or NGC and isn't beat to death it has wear on it. But let me just say grading is an absolute joke when it comes to $2.5 and $5 Indian coins. In the past few months I've looked at about 200 au 58-ms 63 graded examples and 99% of all of those coins had wear on the coin with the 58's having enough wear for me never to justify paying more than an au 55 coin at best. The other 1% is attributable to properly graded coins that were identified as dealers as such and were thus selling at premiums I wasn't comfortable in paying. I did manage to find a coin that matched my requirements a while back but I passed because the scratch on the reverse bothered me [ATTACH=full]415423[/ATTACH] [ATTACH=full]415424[/ATTACH] So my journey continued and remained fruitless. Now while I am quality oriented and patience both of those traits have their limit so I finally found a raw coin which I think is an honest au 58. Ironically enough it comes from a leading European Auction house. In all likelihood I won't be submitting the coin for grading because I don't want it being in an MS slab. If only the TPG's offered grade maximums instead of grade minimums only sigh. With that said here is my new addition which in my humble opinion represents an honest 58 coin and not the normal dreck you see being offered for sale today. Please feel free to show off your properly graded Indians if you have any as well! [ATTACH=full]415426[/ATTACH][/QUOTE]
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Indian Head $5 Gold-Gradeflation at its Worst....
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