Why did this trade $ get an ms60 grade?

Discussion in 'US Coins Forum' started by goldrealmoney79, Dec 5, 2021.

  1. goldrealmoney79

    goldrealmoney79 Active Member

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  3. ldhair

    ldhair Clean Supporter

    I feel the coin has lost a great deal of luster over the years. Maybe a few too many dips in it's life. I can't really tell who graded it.
     
    GH#75 likes this.
  4. KBBPLL

    KBBPLL Well-Known Member

    ITS/CTS? The holder reminds me of ICCS, the Canadian grading service.
     
  5. Burton Strauss III

    Burton Strauss III Supporter! Supporter

    I'm assuming it's just a coin dealer's flip with insert.

    Please don't shoot ole blind Bob, he's doing the best he can.
     
    Oldhoopster likes this.
  6. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Sure looks like a details coin—AU details, cleaned. No way it straight grades at MS 60.
     
  7. ksparrow

    ksparrow Coin Hoarder Supporter

    It isn't "graded", just a number on the flip. Can't tell anything about surface preservation from the photos, but looks overly bright.
     
    Morgandude11 and Evan Saltis like this.
  8. potty dollar 1878

    potty dollar 1878 Well-Known Member

    AU details and I wouldn't call it graded,just a piece of paper with a number and some details,wouldn't consider buying this coin either.
     
  9. ksparrow

    ksparrow Coin Hoarder Supporter

    Looks like somebody "won it" for $2400.
     
  10. potty dollar 1878

    potty dollar 1878 Well-Known Member

    It just sold actually.
     
  11. Joshua Lemons

    Joshua Lemons Well-Known Member Supporter

    My issue is it's not graded. Plus the seller has few sales of mixed items from coins to books to clothes. Also, if I was selling a coin I would have better pictures, especially not ones using the automatic crop out the background eBay feature.
    Their's is a little better...lol. Coin in a separate mylar pouch in the flip then heat sealed. At least you could detect tampering this way. But I only own 2 ICCS coins, a Maundy penny and a Canadian test token, so maybe the process is different with larger coins.
     
  12. johnmilton

    johnmilton Well-Known Member

    Buying raw Trade Dollars is dangerous because of the counterfeit problem. The pictures provided here are not good enough to pass judgement on this piece. This would have been an emphatic pass for me.
     
  13. Treashunt

    Treashunt The Other Frank

    The MS-60 is from the days when everything was MS-60, Unc- but not very attractive;
    MS-63 Choice Unc;
    and MS-65 Really, really nice.
     
  14. Oldhoopster

    Oldhoopster Member of the ANA since 1982

    Counterfeit trade dollars have been around for quite a while. I still have my "tuition" coin.

    I was working on a 19th century type set during the late 70s when I was teen. I saved all the lawn mowing, snow shoveling, and birthday money to buy coins. Payed $55 for one, which at the time was the most I ever paid for a coin. Found out about 10 years later it was a decent fake. I'm still disappointed.
     
  15. johnmilton

    johnmilton Well-Known Member

    It's great that you stayed with the hobby after you were cheated. To me, counterfeits are the worst of all. At least if you have something that is genuine, you can enjoy the fact that it come from the era indicated by the date even if it's over graded, damaged or cleaned.
     
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