Whaddaya do?

Forum for Liberty Seated, Trade and Gobrecht Dollar questions, hosted by TDN
jonathanschmutz
Member
Joined: 15 Dec 2015, 06:23

18 May 2017, 15:11 #1

Have any of my collecting brethren been faced with the dilemna of finally having found an original LSD but was put off by the negative appearance of the coin? I recall an occasion when I had the choice to purchase a no-brainer original crust coin but was put off by the lack of eye appeal.  Not long ago, I spotted a dark  and splotchy brown 1852 LSD (graded au58 in an NGC holder) but could not bring myself to fork over healthy five-figures money for it.  This is a series that is characterized by too few original specimens.  Ugly original coins narrow the pool of eligible coins yet further.
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seatedman
Collector
Joined: 27 Sep 2007, 21:37

18 May 2017, 19:07 #2

Jonathan,
In this case pictures would enable us to share our opinions. 
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partagas30
Expert Collector
Joined: 06 Jun 2006, 03:40

20 May 2017, 01:37 #3

If your shelling out 5 figures and it has low eye appeal.... run. It will be hard to unload ugly coin, unless you discount it.
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dgarstang
Collector
Joined: 16 Nov 2006, 12:21

20 May 2017, 02:17 #4

I agree that ugly coins, like ugly women, are quite undesirable. But there are very few 1852 dollars floating around and , like leaving the bar alone at closing time, sometimes your standards need to be modified. This might be one of those times. The real question is how much of a price reduction is ugly worth? On a personal note, my 1852 is an ugly coin but probably the best I will ever own. An 1852 P-58 just sold last night for $36 K. It was a very nice coin but out of my price range. Did one of you guys buy it?
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jonathanschmutz
Member
Joined: 15 Dec 2015, 06:23

21 May 2017, 15:00 #5

A very nice 1852 au 58 sold recently?  Where?  I'd like to pull it up and inspect it.  Thanks for the reference.
As per your commment that standards may need to shift to reconcile such a purchase, I have wondered about the collector who owns the unique 1870-s $3 Princess.  To own this coin, one must endure scribed graffiti in the obverse field and mitigates one's bragging rights for owning a one-of-a-kind coin.
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dgarstang
Collector
Joined: 16 Nov 2006, 12:21

21 May 2017, 20:07 #6

Legends Auctions sold one a couple of days ago. I inspected the coin at Central States and found it to be very nice.
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dgarstang
Collector
Joined: 16 Nov 2006, 12:21

22 May 2017, 00:50 #8

The price realized is listed as $31000 but don't forget to add the 17.5% buyer fee.
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jonathanschmutz
Member
Joined: 15 Dec 2015, 06:23

22 May 2017, 03:54 #9

I agree that the 1852 au58 auctioned by Legend is above-average for is available to near-mint state LSD collectors.  I would prefer this specimen to the one I own and consequently would pay the additional increment that the new owner pledged.  It is not very likely that one would improve upon this coin unless another agreeable au58 comes out of hiding sometime soon.
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seatedman
Collector
Joined: 27 Sep 2007, 21:37

22 May 2017, 14:02 #10

It's a shame that you guys discuss the quality of expensive coins without posting any pictures. It's really easy to post pictures anyone can do it.
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