Key Date SLQ!!

oknorom · Dec 11, 2008

hi everyone,

i headed up to los angeles on tuesday with dana point val to meet captn SE(dan) and ratman(mike) at the park where dan got his seated dime the other day. i have hunted this park numerous times, but not the particular area we were hunting this day.
dan and i were hunting along a trail that led up to a hill top with a nice view of the city. i got a good signal that was deep enough and was absolutely buried into the upper right corner of the screen. i dug down and at about six inches i pulled out an SLQ! it was a 1923s, but i didn't know just how valuable it was yet. i didn't check the price guide until this morning. wow! was i stunned!

can anyone give me an idea as to what this coin might grade as? i know it's difficult to grade a photo....

anyway...wooooooohoooooo! this is the most valuable coin i have found to date. others include a 1938-d walker, a 1913-d type 2 buffalo, various semi-key wheats, but this one takes the cake!

thanks and happy hunting!

Mike

seger98 · Dec 11, 2008

I'm not a pro, but I would say good at best? sorry

Still a heck of a find!

kimsdad · Dec 11, 2008

Congrats on the great coin, and on the opportunity to hunt with the Captn!! :thumbsup:

Burdie · Dec 11, 2008

Congrats on a key date. Can't tell the grade by the pic.

Burdie

oknorom · Dec 11, 2008

kimsdad said:
Congrats on the great coin, and on the opportunity to hunt with the Captn!!

thanks, kimsdad! what a rush to find a rare coin like that!
i have hunted with captn dan at least 100 times over the past couple of years, probably more than 100. i've learned many useful tips and tricks from the guy! he knows his stuff.

allen · Dec 11, 2008

beautiful coin...

Captn SE · Dec 11, 2008

Mike, I was real happy for you when you dug that coin. You were the first to strike silver!!

I knew one of the 20's "S" mint SLQ's was the "Key" one, but we didn't know yours was the one at the time.

Fantastic coin!! :headbang:

You swung your coil over the right place on top of that hill.

Congrats again, buddy! :thumbsup:

CAPTN SE
Dan

The coin below yours graded VG-10 by NGC. It is being auctioned at a starting range between $400-$500. There are a lot of similarities.

Detectingfreak · Dec 11, 2008

Maybe a G4-VG condition. Thats what I am guessing. Not a professional. Nice job on the coin!!!! :thumbsup:

You must have had a beer that night! :thumbsup:

hogge · Dec 11, 2008

NICE COIN! I would say G-4 to VG-8 range. There are also some scratches evident. Would NOT send it in for grading. You'll just be wasting $. Sell as is. GOOD LUCK! Hogge

fortbball9 · Dec 11, 2008

No matter what grade $$.CONGRATS :thumbsup:

fortbball9

coinman66 · Dec 11, 2008

I would say F-12. Your coin has slightly better detail in a few areas. On the obverse your coin has better detail in hair, breast, shield and date area. Reverse, yours looks better around eagles eye, wing feathers and definatly tail feathers. Also i cannot see if there are any tiny scratches on yours if you field cleaned it, which i could kick myself for doing to a few of my coins. Great find! Would be proud to own that one. HH
Coinman66

oknorom · Dec 11, 2008

thanks for all of your replies! i am very happy to have found this coin. a few people have told me now that it would be rejected by NGC because of scratches and environmental damage. that's too bad. i may try anyway. it really is a beautiful coin. i probably wont sell it. if it was worth thousands i might, but not for just a few hundred bucks.

by the way, i never mentioned that i also found 32 wheats and two mercs the day i found the SLQ.

thanks again for all your positive comments!

HH,
Mike

utah hunter · Dec 11, 2008

If you send it in, send it to ANACS. They will give it a net grade taking into account the scratches, etc, and still slab it for you. NGC and PCGS are stricter than ever, it is like a pissing match to see who can be the strictest lately. For undamaged coins even ANACS is stricter than ever. They have switched ownership twice in the last year. My buddy, who owns a coin shop and has sent in literally thousands of copper coins to be slabbed alone, sent in 32 copper coins to NGC, and they slabbed 4. He is not happy to say the least...

Nick in NEPA · Dec 11, 2008

Great find! looks VF/EF details.

hogge · Dec 11, 2008

utah hunter said:
If you send it in, send it to ANACS. They will give it a net grade taking into account the scratches, etc, and still slab it for you. NGC and PCGS are stricter than ever, it is like a pissing match to see who can be the strictest lately. For undamaged coins even ANACS is stricter than ever. They have switched ownership twice in the last year. My buddy, who owns a coin shop and has sent in literally thousands of copper coins to be slabbed alone, sent in 32 copper coins to NGC, and they slabbed 4. He is not happy to say the least...

ALL grading companies are not the same. All have different standards. Hence, a coin graded F-12 by ANACS WILL NOT command the premium price as THE SAME coin graded F-12 by PCGS. Then there is NGC and a few others. You always get what you pay for. Still a GREAT find and should be held for posterity, in my mind. This coin is nowhere near "F" grade.

oknorom · Dec 11, 2008

hogge said:
utah hunter said:

If you send it in, send it to ANACS. They will give it a net grade taking into account the scratches, etc, and still slab it for you. NGC and PCGS are stricter than ever, it is like a pissing match to see who can be the strictest lately. For undamaged coins even ANACS is stricter than ever. They have switched ownership twice in the last year. My buddy, who owns a coin shop and has sent in literally thousands of copper coins to be slabbed alone, sent in 32 copper coins to NGC, and they slabbed 4. He is not happy to say the least...

Click to expand...

ALL grading companies are not the same. All have different standards. Hence, a coin graded F-12 by ANACS WILL NOT command the premium price as THE SAME coin graded F-12 by PCGS. Then there is NGC and a few others. You always get what you pay for. Still a GREAT find and should be held for posterity, in my mind. This coin is nowhere near "F" grade.

i agree. i do not think it is FINE, either. i do think it is better than GOOD, though. GOOD is defined as well-worn, etc. mine has some great detail on it, if i do say so myself. i'm not going to sell it...i just want to have some idea about the value.

HH! Mike

utah hunter · Dec 11, 2008

My main point was PCGS or NGC would send this back ungraded, and will not refund fees, so it is a waste of money. ANACS has the option to put it in a holder for coins that don't meet the higher standards for them, and label it "cleaned", or "obverse scratches" or any number of problems, and then give a NET grade accounting for the problems. The main key is authentication and keeping it protected for generations. Kids are much less likely to spend a slabbed coin at the candy store :wink: