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Walkerfan

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Posts posted by Walkerfan

    Walking Liberty proof grade?

    in US, World, and Ancient Coins

    Posted · Edited by Walkerfan

    I hope to buy a few WLH PROOFS in the not too distant future. 

    That is one area of Walkers that I have yet to explore.  

    Grading proofs from images is challenging, at best, so I won't even try.

    My only guess is that it is some level above 60 and that it looks better in hand.    

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    How did I do? SLD NEWP!

    in US, World, and Ancient Coins

    Posted · Edited by Walkerfan

    I just picked up an 1871 Seated Dollar in PCGS MS 62 for $3750. That is $500 over PCGS retail. It is actually PCGS MS 62+ retail price. The coin is really nice, though, IMHO.  Better than a lot of 63s that I have seen.  There is only one other time, in history, that one sold for that much....It was in 2005.  Adjusted for inflation, that is $5725 in 2022 dollars. I couldn't get the coin out of my head, so I just had to do it. It is, supposedly, the third most common Seated Dollar but just TRY to find one.  Most are likely in STRONG hands.  Only 20 PCGS MS 62s have sold in the last 24 years and NONE since 2017 (5 Years ago).  This coin is NOT a CAC coin BUT it is in an OGH and I could not find a past record of it ever being sold, so it is indeed FRESH.  Do you like the coin?  Was this a dumb or smart move, in your opinion?  meh  hm  

     

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    A new CAC grading/slabbing service

    in US, World, and Ancient Coins

    Posted

    I'll bet that there are some people (myself included) who are really glad that they have finished their Registry sets.  Tough coins are rare enough and finding them is very difficult.  I know  PCGS won't allow the new CAC graded coins into their Registry and I am UNSURE what NGC's stance will be.  I can, now, just collect what I like, while sitting back and watching the craziness unfold.  FWIW-I completely support CAC grading and KNOW that they will do well and be successful.  But let's face it......This will change the whole dynamic, especially, for Registry participants.   

    May I make a Registry format suggestion?

    in NGC Registry

    Posted · Edited by Walkerfan

    @Ali E. Rather than showing 50 coins, per page, and then having to click on to a separate page 2, 3 etc., to view the rest of the set...

    Why not show the first 50 coins and then have a drop down box for 100, 150 etc.? 

    I like having the capability of being able to view all of the coins, in my set on one page, if I want to.  Thanks.   

    Well, it's official.......

    in US, World, and Ancient Coins

    Posted · Edited by Walkerfan

    On 6/5/2022 at 6:49 PM, Coinbuf said:

    Lovely example, hope that your wallet is up for the journey. ;)   I love the seated dollar series, but with so many examples that have been abused the good survivors are just too expensive for my budget.

     

    On 6/6/2022 at 8:05 PM, zadok said:

    ...doable as a set, depending on grade desired....relatively inexpensive as a "set" compared to some of the other seated sets....a few mountains to climb but only bout 4 that will make u cry....if u choose this journey good luck to u.....

    Thanks to you both.😊.

    These become available, soooo infrequently, that it could take YEARS, in between purchases, so my wallet has time to recover.  These (in the grades that I like them) are actually a bit more affordable than early walkers were for me (in my optimal grade range).  And they are SOOOO MUCH SCARCER. 

    I wasn't even in the market for this piece but I simply couldn't let this baby slip away.....She has an NGC Census of just 4/14!!!!!  That is almost NONEXISTANT!!  There is a single 62 example and soooo much MORE expensive in 63 & 64, where there are four each here at NGC.  Four 65s and ONE 66, here at NGC.  PCGS population number are NOT much better.  

    As stated before, I have no intention of completing the set.  I'd be tickled with a nice Box of Twenty but that is a very LONG TERM goal.  I just try to buy nice ones, when I see them, and I have NO INTEREST in upgrades.  I like to cherry pick the lower mint state grade coins.

    From PCGS CoinFacts (all credit goes to them):

    "Circulated grades: Circulated Liberty Seated dollars dated 1868 are quite scarce, but because of the high mintage figure for this date they are nearly universally overlooked by the numismatic fraternity. Exceptions, of course, are Liberty Seated specialists who know full well that a nice VF, EF, or AU 1868 is an object of beauty and rarity.

    Mint State grades: The year 1868 does not come to mind immediately when one thinks of rare coins in the Liberty Seated series, but a perusal of the data, including certification service population reports, indicates that it is indeed very rare, even if it is unappreciated and overlooked. Dealer specialist Chris Napolitano stated that an MS-61 coin was the finest circulation strike he could locate in six years of searching. (Conversation with the author, Central States Convention, April 30, 1992.)

    Some high-grade pieces show unfinished areas within the lower right area of the shield. Most high-grade coins are prooflike."

    "Distribution: Many if not most 1868 dollars were exported, accounting for the relative rarity of circulation strikes today.

    In China, merchants accepted Liberty Seated dollars by weight, and at a discount compared to the heavier Mexican dollar, an old story which was repeated in Mint and commercial reports for many years (and which eventually led to the production of the heavier U.S. trade dollar in 1873).
     

    In the Annual Report of the Director of the Mint, 1868, Dr. Henry Richard Linderman observed the following: (Linderman's information concerning dollars in China probably represented the situation in 1867, due to the length of time needed to communicate with that remote location.)
     

    Our silver dollar is not received by the Chinese except at a discount. This is owing to the fact that while it is of equal fineness with the Spanish or Mexican dollar, it is about 1 % less in weight. This rejection seems to take away the last plea for continuing to coin this piece."

    This old Walker guy has also noticed that 1868 Proofs are so much more common than true MS specimens.  A VAST majority of them (1868 specimens) wound up in the smelter.....  This accounts for their low pops and ABSOLUTE rarity in collector grades,

    Just 52 known in ALL MS grades at BOTH major services combined.  

    An additional 2 PLs known at NGC with NONE at PCGS (that I could find).  

    Mintage is at 162,100.

    First Year Seated Liberty Dollar NEWP

    in US, World, and Ancient Coins

    Posted · Edited by Walkerfan

    On 3/31/2022 at 2:18 PM, zadok said:

    ....its what i used to do.....while coin grading is not an empirical science (nor should it be) it does has its metrics...to paraphrase potter, "one knows an original coin when one sees one"...or something like that.....

    Wow-I didn't know that you were a grader. 

    Interesting and good to know.

    I agree with your remarks concerning grading, itself. 

    Also, thanks for the insight and opinion regarding my Seated dollar.  

    It's positive qualities hit me, at once.  

    First Year Seated Liberty Dollar NEWP

    in US, World, and Ancient Coins

    Posted · Edited by Walkerfan

    On 3/30/2022 at 10:35 PM, zadok said:

    ...very nice mint state coin......while there r several complete sets of Liberty Seated dollars out there , very diff to find nice orig uncleaned examples.....

    You are an astute grader.  It is MS 61 but looks 62 or 63 quality.   Well struck, smooth surfaces and nice toning.

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    First Year Seated Liberty Dollar NEWP

    in US, World, and Ancient Coins

    Posted · Edited by Walkerfan

    1840 SLD.

    The NGC Census shows 54 known in all MS grades at NGC.  PCGS Population shows just 35 known in all MS grades at PCGS.  Just 89 coins in all MS grades from BOTH services!!  MS examples exist due to sheer LUCK and happenstance.  Unlike other first-year issues, these specimens were simply not saved. Either from lack of collector interest, the fact that they were too unaffordable to put away or that the former Gobrecht dollar was too similar, so the new design went unnoticed or unappreciated.

    It has a VERY LOW mintage of just 61,005, which is in the top third of low mintages for the series.  

    Ever since I finished my Walker set; I have been working on Liberty Seated Dollars.  I am attracted to their beauty and RARITY--the same attributes that attracted me to Early Walkers.  I have also been playing around with Morgans (which are actually rather easy to find, and exist in large numbers, just as long as you have the money! :D ) and Standing Liberty Quarters, too (I am three coins away from completing my One Per Date set of those). 

    Liberty Seated Dollars are impossible to find, especially, with nice, clean surfaces, so when I see them; I jump at the opportunity and am not afraid to stretch.  I don't intend to finish this set but will simply buy the keys (and other nice specimens), when they become available and, someday, maybe I'll have a nice Box of Twenty.  

    Thanks for looking.  Any thoughts are always welcomed and appreciated.  

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    The former #4 Walker Full Registry Set, here at NGC, was sold last week

    in US, World, and Ancient Coins

    Posted

    On 3/7/2022 at 1:00 PM, Coinbuf said:

    I had to look up the prices as I do not follow these, and it does look like at least for the 21-D as the seller did well.   According to the auction history I looked at only one coin sold for more ($24,600) in the previous eight years of auction data including those sold through GC.   I did see where a GC auctioned a 23-S back in 2020 for $10,860 and S&B auctioned one for $8,400 also in 2020, however both of those coins were CAC approved where it seems this coin was not.

    These have all gone up in recent years…I’d say by at least 40-50%.