WTF?

[ajaj]

Please tell me that this is fraudulent...

1867 Indian Head Penny Cent 1¢ Key Date NGC AU 50 BN SKN38 | eBay

aj

 

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[smokeythecat]

I am not a coin expert but slabbed generally means good.

 

[Charlie P. (NY)]

What? It's ebaY. That just means one person or an alias of the original poster agreed to pay more than anyone else who was aware of an item. Don't base market value on that.

Although that is a choice date in AU grade.

1867 P Indian Head Cent Small Cents Bronze Composite Penny: Value and Prices

 

[jeff of pa]

Value $267 ,
winner got it for $135.59.
probably what a dealer would pay at most."Greysheet"

What's the Problem ? 1867 P Indian Head Cent Small Cents Bronze Composite Penny: Value and Prices

 

[ajaj]

My apologies for not being clear. Take a close look at the coin...if that shouldn't have had a "Details" grading, then I'm lost! (multiple scratches and improper cleaning). I don't mind eBay at all, it's the numerical grading that I'm questioning.

aj

 

[jeff of pa]

unless it's the plastic throwing things off I see what you mean now.

an AU does seem generous

 

[jerseyben]

Please tell me that this is fraudulent...

1867 Indian Head Penny Cent 1¢ Key Date NGC AU 50 BN SKN38 | eBay

aj

Lousy eye appeal, yes.

Fraudulent? No. Not sure why you would go to such extremes to point this out...

 

[ajaj]

Lousy eye appeal, yes.

Fraudulent? No. Not sure why you would go to such extremes to point this out...

I have seen (and submitted my own) "Detail" coins graded by NGC that didn't have nearly as much damage as this one. It is an AU, but the damage is extensive (it appears to be "Improperly Cleaned" and "Scratched"); does it deserve a number instead of" Details"? When I state "fraudulent", I mean, was this coin replaced? I think it's a lesson on not merely relying on the fact that a coin is slabbed prior to purchase. Eye appeal is important, but there are people who are talented in switching-out slabbed coins.

aj

 

[cudamark]

IMO it got a generous grade, but not by a lot. Without having it in hand for inspection and just judging by the photos, I'd say it was XF40 or a late die state XF45. Seems like a lot of crud in the cracks for an AU rating. As for eye appeal, that's in the eye of the beholder. I don't think it's particularly attractive but I've seen worse graded higher.