1889 Liberty Eagle

[tejas1836]

This is lot 9431 in the current Heritage Long Beach Auction. I'm curious what others would grade this coin from the images.

 

 

[James_OldeTowne]

Do you have a link?

 

It looks at least net AU-55 from those images. I am not sure it is original, though.

[Coindude]

I agree with James, the color looks off. Could just be the photography though.

[Walkerfan]

Looks VERY cleaned. Au 55-Au 58.

[tejas1836]

http://coins.ha.com/c/item.zx?saleNo=1156&lotNo=9431&lotIdNo=5010

 

I was surprised at the grade because detail wise it appeared to me to be a much higher grade. The current bid is closer to a 55 or 58 grade. Those bids got me curious and that's why I asked for opinions. Net graded for cleaning?

 

Thanks for the replies.

 

[michael]

au

[coinman_23885]

Looks VERY cleaned. Au 55-Au 58.

I agree and think that the coin was net graded for these reasons. I would pass.

[James_OldeTowne]

So what you have is an AU+ coin, but net graded only XF-45. That is a pretty good confirmation of the several "cleaned" opinions. In recent years, the cleaning would have been ignored and the coin put into an AU holder, but it looks like PCGS thought the coin was cleaned, and took 10 points off. So, AU-55 minus 10 points for the cleaning = net XF-45.

[tejas1836]

http://coins.ha.com/c/item.zx?saleNo=1156&lotNo=9431&lotIdNo=5010

 

I was surprised at the grade because detail wise it appeared to me to be a much higher grade. The current bid is closer to a 55 or 58 grade. Those bids got me curious and that's why I asked for opinions. Net graded for cleaning?

 

Thanks for the replies.

 

 

This just sold for $2760.00. That's MS money. Does anyone have any ideas why it would have sold for that?

[James_OldeTowne]

Temporary insanity.

 

At least, I hope it's only temporary.

[MBA101]

When there arent any around and you have a couple people needing it for their sets, it is what happens. Only 4400 minted, and almost none around that are graded. It is what happens at auction.

[noow]

It is

 

1. Undergraded

2. Rare (mintage)

3. In an OGH

 

Old Green Holders (OGH) typically demand a premium over the coin's actual value. I've seen a PCGS morgan sell for less than $150 while an example with the same date, grade, and characteristics sell for over $260, just because it was in a green PCGS holder.