Popular Post Walkerfan Posted November 24, 2022 Popular Post Share Posted November 24, 2022 (edited) 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? Edited November 24, 2022 by Walkerfan Lem E, rrantique, Henri Charriere and 4 others 7 Link to comment Share on other sites More sharing options...
rrantique Posted November 24, 2022 Share Posted November 24, 2022 Very nice example Henri Charriere and Walkerfan 2 Link to comment Share on other sites More sharing options...
Popular Post Coinbuf Posted November 24, 2022 Popular Post Share Posted November 24, 2022 Very flashy example, congrats on the purchase. Henri Charriere, Walkerfan and Hoghead515 2 1 Link to comment Share on other sites More sharing options...
Popular Post ldhair Posted November 24, 2022 Popular Post Share Posted November 24, 2022 Nice coin with lots of luster. Henri Charriere, Hoghead515 and Walkerfan 3 Link to comment Share on other sites More sharing options...
Henri Charriere Posted November 24, 2022 Share Posted November 24, 2022 You've done your homework, no doubt about it, but what is the correlation between MS-62 and an OGH for a coin dated 1871? Why is it I have always thought OGH means straight out of the hopper and into a holder? "Third most common Seated Dollar," huh? Those are some mighty strong hands out there! Looks like you are committed. Maybe you ought to revise your handle now to "Seatedfan." Incidentally, while I am 100% behind your decision to act decisively, I do not like the coin. I am by no means knowledgeable on this series, but thanks to viewers who've weighed in elsewhere on related threads, I do know where to look on the Seated Liberty model and do not like what I see. I am somewhat rattled by the overall ambiguous surface presented by this----by definition----"wear-free" coin. Hoghead515 1 Link to comment Share on other sites More sharing options...
Popular Post Hoghead515 Posted November 24, 2022 Popular Post Share Posted November 24, 2022 (edited) Very nice!! Beautiful coin!! You done great. Nothing dumb about it in my opinion. I love the coin. Very lusterous and in wonderful shape. Anyone would love to have a beauty like that in their collection. Edited November 24, 2022 by Hoghead515 Henri Charriere, JT2 and Walkerfan 3 Link to comment Share on other sites More sharing options...
Popular Post Sandon Posted November 25, 2022 Popular Post Share Posted November 25, 2022 If you like this coin and were willing and able to pay a price that is higher than the current and often inflated PCGS Price Guide list price, that is all that should matter to you! If you're a collector who intends to own and enjoy the coin for many years and isn't hoping to profit from it any time soon, your purchase is a reasonable one. To my eye, though, the coin seems to be quite bagmarked and somewhat hairlined, though not excessively so for an MS 62 grading service grade. Based on the photos, it also appears to be somewhat "washed out" in appearance, which, along with the hairlines, suggests that the coin has been dipped and lightly wiped to remove toning, though not to an extent that a grading service would call it "cleaned". On the positive side the coin appears to be legitimately without circulation wear and well-struck. Truly uncirculated Seated dollars other than the 1859-O and 1860-O are hard to come by, even though the 1871 is the most common "with motto" issue. I wouldn't have paid a premium price for it and would have more likely purchased a less marked and more original looking XF or AU example for a much lower price. In the final analysis, the desirability of a coin is all a matter of individual taste that can't be dictated by the number on a grading service tag. zadok, Walkerfan and Fenntucky Mike 3 Link to comment Share on other sites More sharing options...
Henri Charriere Posted November 25, 2022 Share Posted November 25, 2022 On 11/24/2022 at 7:39 PM, Sandon said: ....Based on the photos, it also appears to be somewhat "washed out" in appearance, which, along with the hairlines, suggests that the coin has been dipped and lightly wiped to remove toning, though not to an extent that a grading service would call it "cleaned"..... In the final analysis, the desirability of a coin is all a matter of individual taste that can't be dictated by the number on a grading service tag. Now we're getting somewhere. You nailed it! I do not relish the thought of critiquing any coin a member has invested a lot of time and effort in, particularly post-acquisition, but you have expressed my thoughts with accuracy and sensitivity. My own personal favorite piece never made it into any set registry so I wholeheartedly agree it all boils down to how a coin speaks to the individual collector. As Archie Bunker would say, "You done good Walkerguy, you done good!" JT2 1 Link to comment Share on other sites More sharing options...