Seated Half

Discussion in 'Coin Chat' started by SapperNurse, Apr 30, 2007.

  1. SapperNurse

    SapperNurse DOD enhanced

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  3. Bonedigger

    Bonedigger New Member

    I'll bet it's a proof. Good looking coin and Proofs are sometimes less expensive than MS varieties...

    Ben
     
  4. zaneman

    zaneman Former Moderator

    I believe it is a proof as well. The details are very crisp, the rims look sharp. However, some mint state seated coins appear very close in appearance to proofs, and often get mistaken as such. The coin looks to me like it has been cleaned and has altered surfaces, but that could simply be from the overexposure (it's has definitely been cleaned though).
     
  5. Troodon

    Troodon Coin Collector

    Wow.

    Yep, probably a proof, and yes, has definitely been cleaned at some point, but not too badly, it's still a very nice-looking coin.
     
  6. mpaulson

    mpaulson New Member

    almost looks like a reproduction some..
     
  7. Treashunt

    Treashunt The Other Frank

    I don't believe that it is a proof.
    The rims are not squared enough, especially on the reverse.
    Still, a wonderful strike, even if it is cleaned.

    and a low mintage date: 8,400 including 1,355 proofs!
    Now that is a hard date to get.
     
  8. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    It doesn't look right to me.
     
  9. Daggarjon

    Daggarjon Supporter**

    he does state in the auction it was cleaned in the past... a super nice coin!!! :)
     
  10. JeromeLS

    JeromeLS Coin Fanatic

    Proof to me, I don't see what is wrong with the rims, they look sharp enough, and the frosting is SUPERB !
     
  11. libertyseated

    libertyseated Senior Member

    It appears to be a proof coin or at least prooflike. The reverse has a deep strike with a wire like rim and large denticals which is consistant with several other coins I checked in MS and proof. A larger pic from this seller would tell the story of the cleaning job done. The current pic is a crap shoot on the amount of hairlines involved.
    Looks like a great coin but if I were to buy it, I would ask the seller for a larger Hi Res pic.
     
  12. mrbrklyn

    mrbrklyn New Member

    Ok so lets cut to the chase. If cleaned would it likely come back with a body bag and about what is its value?

    Ruben
     
  13. Treashunt

    Treashunt The Other Frank

    Ruben:
    Hi, you haven't been around for a while.
    Yes, it would probably body bag.
    Value: not much spread in value:
    Good= $300
    XF= $500
    AU = $ 550
    MS-60 = $800
    Proof-63= $700

    So, it is still a very scarce coin.
     
  14. Phoenix21

    Phoenix21 Well-Known Member

    I'll say. Question, why is the proof worth less than the MS? Or is that just a typo? Just curious, sorry.

    Phoenix :cool:
     
  15. Daggarjon

    Daggarjon Supporter**

    did you forget one of the items that drives pricing? demand? :)

    could be a typo too, i guess lol
     
  16. Treashunt

    Treashunt The Other Frank

    phoenix:
    The story is that in those days collectors did not differentiate between proofs & uncs.
    So, they just kept one nice coin for their collections and spent the rest.
    Since they could get nice proofs they saved them, and used the regular, circulation pieces for spending.
    As a result, the proofs, which were kept nice and saved by collectors are more available than the uncs.
    ... And that is the rest of the story.
    :)
    And, why apologize? That is how we all learn.
     
  17. mrbrklyn

    mrbrklyn New Member

    Every time I have a day off you say that!

    Even as a body bagged coin? It looks nice but I'm sick of having coins that would be body bagged.

    $700 for this or $10,000 for a '95W set? Hmmmm

    Ruben
     
  18. Treashunt

    Treashunt The Other Frank

    Ruben:
    I agree with the body bag comment, but, sometimes it is worth getting a non-slabbed item because you just won't see another.
    However, if in doubt about a coin's authenticity, sent it to ANACS, they will still slab it as genuine.
     
  19. 900fine

    900fine doggone it people like me

    And don't forget the OTHER item which drives pricing - SUPPLY.

    Since most folks prefer proofs, DEMAND doesn't explain why $unc > $proof.

    But Treashunt's explanation above indicates why SUPPLY of uncs is sometimes low.

    Since a higher proportion of proofs are saved, their survival rate is higher than Uncs.

    That's especially true for fractional denominations (50c and less). They were minted for circulation, while many S$1s and gold coins, as bags or rolls, moved 'twixt bank vaults, and never circulated 'mongst the general population.

    Proportionally, fewer unc's survived - business strikes went to work in day-to-day commerce, proofs mostly stayed at home.

    That balances the fact that there were fewer proofs minted. Yes, it's true, the much larger mintage of business strikes normally overwhelms the "lower survival rate" issue, but not in this case.

    When business strike mintage is really low and proofs larger than normal, you can get a price inversion like this.
     
  20. Daggarjon

    Daggarjon Supporter**

    lol i was just giving a hard time.. i really thought it was a typo ;)
     
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