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#1 2012-02-24 16:39:22

Aurora et luna
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Grade this Sovereign!

I know I am a serial under-grader with Sovereigns but can anyone here honestly grade this coin an unc.
Best I can do here is EF
Would like to get another opinion here!

http://www.ebay.com.au/itm/RARE-1890S-J … 7088592087

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#2 2012-02-24 17:00:00

Mattlyndy
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Re: Grade this Sovereign!

Hi Aurora,

I'd concur with you, there seems to be some slight rim damage, and possibly a light scratch across the left hand side of the coin,
not unc in my book, but possibly very close to it, possibly in the category of almost uncirculated, but i'm no expert.
Regards
Matt


Man Maid, King of the Silver

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#3 2012-02-24 17:23:09

projack
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Re: Grade this Sovereign!

The picture is too soft for higher grade evaluation, but the price is excessive regardless.
Personally I would avoid coins with huge differences between type 1 type 2 basis only.
Type 2 can be bought in unc. for $650 from dealers
http://www.drakesterling.com/coins-for- … overeign-2


The US dollars and Treasury debt called "risk off" because the global fiat system can only survive as long as that remains the case.

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#4 2012-02-24 17:31:32

Aurora et luna
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Re: Grade this Sovereign!

Just had a batch of Sovs graded by a professional today.
He's old school, 89 years old, conservative and has been a numismatist for over 60 years and there's no way he would grade that coin unc.
When there is a few thousand dollars difference between grades anyone thinking of buying definitely need someone like him to keep the grader honest.

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#5 2012-02-24 17:55:19

projack
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Re: Grade this Sovereign!

If you really want to see what you buying you go to
http://www.sterlingcurrency.com.au/Adel … Sovereigns


The US dollars and Treasury debt called "risk off" because the global fiat system can only survive as long as that remains the case.

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#6 2012-02-24 21:54:39

SilverPhoenix
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Re: Grade this Sovereign!

I agree - the coin is overgraded and over-priced. The scratch is enough to render it not unc. The rim knocks put the nail in the coffin. This coin has definately been knocked around but maybe through poor storage rather than circulating. There doesn't appear to be any wear on the tell tales sites.

Regardless, its overhyped. McDonald's suggested pricing has been used to set the price in the title but without an image of the reverse, its hard to confirm details. Maybe the grand discount is compensation for the damage caused by the poor storage?

Last edited by SilverPhoenix (2012-02-24 22:03:02)


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(Laws were most numerous when the commonwealth was most corrupt)

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#7 2012-02-24 23:09:41

SilverMark
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Registered: 2011-02-21
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Re: Grade this Sovereign!

does it not seem odd to anyone else that the faces of that sov look so near perfect, yet the rims are so poor. Can't understand how such divergence could realistically occur.

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#8 2012-02-24 23:32:00

1for1
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Re: Grade this Sovereign!

Could be ex mount.. could of been a multi grasp.. that is some heavy duty rim damage, i doubt its all cud although some is.

Id go gEF max just cos the rim damage takes away from eye appeal which will effect price. But it does have UNC "details"

EDIT:

Just looked at his other listings, it seems the rim "damage" is a result of the seller photoshopping the coin out and putting it onto a black background in some cases a more crude fashion than others.

if the rims are ok id say its aunc 58

1for1

Last edited by 1for1 (2012-02-24 23:36:43)


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#9 2012-02-24 23:40:33

1for1
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Re: Grade this Sovereign!

Aurora et luna wrote:

Just had a batch of Sovs graded by a professional today.
He's old school, 89 years old, conservative and has been a numismatist for over 60 years and there's no way he would grade that coin unc.
When there is a few thousand dollars difference between grades anyone thinking of buying definitely need someone like him to keep the grader honest.

Yes agreed, see the sovs hes sold for heaps of $$$ with highly dubious gradings.

Numismatics is for experts!

1for1


Looking for FTC TRC PPC CNC LTC and BTC if you have to trade or sell!

I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve....

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#10 2012-02-25 00:35:57

projack
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Re: Grade this Sovereign!

UNC strictly just means it's not been used as a coin. But we know coins drops off conveyor belts and bounces around bags before it ever reaches a bank and 22K gold coins are  specialy sensetive.
Only specimens and proof coins would be expected to be free from any risk of marking because you're paying for them to be treated differently.
That said, some people might assume that UNC equates to 'perfect' so pointing out anything like an edge knocks would be insurance against complaints later on.


The US dollars and Treasury debt called "risk off" because the global fiat system can only survive as long as that remains the case.

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#11 2012-02-25 11:35:25

SilverMark
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Re: Grade this Sovereign!

fair call pj

Last edited by SilverMark (2012-02-25 11:35:47)

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