Grading Indian Head Cents

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tab1962
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Grading Indian Head Cents

#1 Unread post by tab1962 » Sat Feb 07, 2015 2:43 pm

Hello everyone,

I am new on this site and truly like the way the coins are graded with large photo examples!

I've started collecting Indian Head Cents and just learn that the color plays a huge rule in pricing the cents. Such as Red, Red/brown and brown. Does color play a role in the lower grades or only on MS-60 and higher?

Thank you and I look forward to learning more.

Tom



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Daniel
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Re: Grading Indian Head Cents

#2 Unread post by Daniel » Sat Feb 07, 2015 11:49 pm

Red is for MS or mint state grades since you don't get red, very often, with grades less than MS. Although there's some "sliders" that some might grade AU58 but others might grade MS60 that can look red. So there's potential of a choice AU58 that could be Red.

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Paul
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Re: Grading Indian Head Cents

#3 Unread post by Paul » Sun Feb 08, 2015 1:36 am

hugeeyes
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1862 IC BOOK 002.jpg
Indian MS Grade.jpg

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Daniel
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Re: Grading Indian Head Cents

#4 Unread post by Daniel » Sun Feb 08, 2015 8:33 am

It appears the top grading services don't label coins less than MS60 as Red, thought I saw this before. Anyway here's what I was referring to [web 100%,400]http://coins.ha.com/c/search-results.zx ... t=au58+red[/web]

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Re: Grading Indian Head Cents

#5 Unread post by tab1962 » Sun Feb 08, 2015 10:54 am

what surprised me it the difference in price say an 1890 MS-63 that is Red and one that is brown. A few hundred dollars difference in price. I was using teh Redbook 2015 guide and it doesn't take into consideration the color at all.

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Re: Grading Indian Head Cents

#6 Unread post by PetesPockets55 » Sun Feb 08, 2015 12:56 pm

It is all about desirability (eye appeal), scarcity and what is available on the market.
As beef goes, I am willing to pay more for a juicy red steak (before cooking) than a red brown or brown (yuk) one! widegrin
(Apologies to any vegetarians out there if the steak analogy doesn't work for you.)
whistling2:

tab1962
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Re: Grading Indian Head Cents

#7 Unread post by tab1962 » Sun Feb 08, 2015 6:19 pm

good comparison! The coins I am buying are not officially certified by PCGS or any other service- the dealer has grade them himself. He has been in the business over 40 years and good reviews. Is this okay for MS-63/64 coins or should I only get certified?

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Re: Grading Indian Head Cents

#8 Unread post by Daniel » Mon Feb 09, 2015 7:20 pm

It depends on what he's charging, if a dealer claims a raw coin is MS63 then I try to buy for AU58 or MS60 value just in case PCGS disagrees with us. Certain dates you can't do this but common dates you can.

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Re: Grading Indian Head Cents

#9 Unread post by PetesPockets55 » Mon Feb 09, 2015 8:31 pm

One of the best things to do is become confident with grading that type of coin yourself. You can let the dealer "shine" by explaining to you why he feels it deserves that grade and then make a counter offer if you do not agree with him (it is hard not to be intimidated by someone with a lot more experience tho).
I hope you can find a dealer that you feel comfortable with (over time). Reviews can work well. Also, stuff happens and you can tell a lot about a person (buyers and sellers) by how they handle themselves if things don't go perfectly. Best of luck in your coin searches.

tab1962
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Re: Grading Indian Head Cents

#10 Unread post by tab1962 » Mon Feb 09, 2015 9:19 pm

could I post the 1890 in question? I have a very good close up photo of it?

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