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today we have a 1907 Gold Eagle can you
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guess the grade but before we get into
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that last week I asked you to grade an
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well NGC graded the coin ms61 Brown this
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was really a tough one and it goes to
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show you how problematic the ms-60 61
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grades truly are in the numismatic
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the coin appears to have all of its
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details but it has a major issue on its
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surface when I examine the coin closely
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I notice what seemed to be a foreign
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substance on the coin's surface this
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foreign substance appears to me to be
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lacquer residue that wasn't fully
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removed from the coin was being restored
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you can see it quite clearly on the
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obverse to the left of Liberty's face in
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the field I think because of this issue
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I don't think that I would have straight
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graded the coin the coin may have also
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been recolored at some point but if
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you're one of my Coin Grading friends
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who cares to watch the video and get
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back in touch with me about your
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thoughts about why this would have been
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an ms-61 Brown despite that issue be
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happy to listen to what you have to say
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and share your commentary in a future
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update many of you felt that this coin
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was on the Au side of the dividing line
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with the consensus grade in the
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community of au 58 and I think given the
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circumstances the community wasn't being
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only Charles cyrawick got it right great
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all right let's dig into this week's
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today we have a 1907 Liberty Head Gold
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but it's not just any 1907 here look
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closer on this example you can see that
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the seven and the date has been
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it's visible under strong glass at the
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so this is a 1907 over 7 over date
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one million 203 899 Eagles are struck of
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this issue as you know this was a
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throughout much of 1907 Augusta Saint
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gowdens and his assistants
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were working with the mint on issues
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related to the redesigned eagle and
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with the first strikings of the eagle
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rolling off the presses in the late
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as a final year issue many examples of
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1907 Liberty Head type were saved
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many more were repatriated from the
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foreign Banks when the United States
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loosened its rules and gold ownership in
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this is an issue that is readily
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available in AU grades through mint
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state with jumps in price starting at
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about the ms-64 grade gems are scarce
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but available and to date PCGS has only
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certified one example in ms66 while NGC
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has certified seven at this level
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at current prices the coin has an
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intrinsic value of nearly nine hundred
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dollars due to it containing 0.4837
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this is a coin that I feel is going to
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pose quite a challenge to our graders
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one has to remove your own feelings
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about whether you would personally want
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to own this example in order to evaluate
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it fairly overall the coin has nice
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original skin in the protected areas but
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quite a bit of incidental contact marks
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throughout the fields and on the devices
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including a long Mark in front of
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Liberty's face this is a key focal area
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the reverse is marginally better but
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contact marks are still scattered
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and take a look at the blemish between
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the eagle's wing and the scroll and S
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I have a pretty good idea of what's
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going on here I want to see if you can
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figure out what this issue is for
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so is this a bullying coin and a slab a
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gem 1907 or something in between
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leave your grade and comments in the
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comment field and we'll reveal the
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correct grade next week for coin week
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I'm Charles Morgan happy collecting
