Grading $1 coins

[Guest1595]

Fulvio, no worries....no offence taken and thanks for the warm welcome...

Ausjack, my main reason for asking is so i can grade some of the mules i have myself and to create a resource here for others with regards to grading mules, in particular those unslabbed.... Also, the grading houses in the US, namely NGC and PCGS also have different grading to what we use here. Hence, being able to grade coins, in particular the $1 mules would help collectors of $1 mules alot.

Emu, thanks for your excellent reference material... One question that I have is, besides the cheek area on the queen's effigy, do any of the queen's hairline or tiara show wear early on ( i.e are they the other high points as others have suggested ?). Also, if it's not too much trouble, are u able to post a similar scan showing high points which wears first on the Reverse side ? Many thanks in advance....

In addition, if any forum member have access to photos of $1 mules of different grade and are able to post them in sequential order from choice Unc right down to Fine, I think that would make excellent grading reference materials for present and future $1 mule collectors alike....  

Cheers all...

[keldaw]

this is what I call a full centered  mule  ..

double click on the picture to enlarge it .      ,, kel ,,

[attachment=2729]

[ausjack]

this all seems a bit pointless than as there's not that many "collectors" of mules as most people here have found theirs so your doing something for your self so maybe make up a pdf or what ever it is they call it so you have it at a click of a button or put it in the wiki as that's what it was meant for, well I think that's what it is meant for and as for you grading well you can just grade it what ever you like because that's all the dealers will do because if they're honest they will tell you that it might not come back the grade they said it would or even bodybagged and it has happened just ask some members here..there's a few here that can get close to pcgs and ngc grading like Mark, Walter, Eric, Peter and a few other so post a pic of ya coins and see what they say but keep in mind it's very hard to go off pic's and you'll find other posts on here about that as well :winkextra:

Nice mule there Kel :good:

[Fulvio]

this all seems a bit pointless than as there's not that many "collectors" of mules

I'll kinda go along with that.

I found mine, and everybody I know who has one (or 40-odd...) found theirs. I don't think I know anyone who bought one, and grades are irrelevant. Its a mule, one of maybe the second-rarest aussie coin ever, and any mule is desirable, regardless of condition. Plus, remember it was four years before they were spotted. There are what, six UNC examples out there?

Sorry mate, but I put the hair splitting down to as pointless an excercise as it is with 1930 pennies. Completely irrelevant to 99.9% of collectors, most of whom would never own either.

At the end of the day, centering is the most important factor with these coins. So that further narrows the scope, as a given coin must be compared with similarly-centred examples, not the entire population.

[Nevol]

I have 2 Mule Dollar coins, neither of which I found.  One I traded, the other I must have bought, as I know I've never found one.

[ausjack]

I might be lucky enough to find one one day but I won't hold my breath, but I know I won't buy one at the prices they are asking as I can't come at that game for a dollar coin, yeah rare but I can buy a lot of other coins for just one of them

[Guest1595]

this all seems a bit pointless than as there's not that many "collectors" of mules

I'll kinda go along with that.

I found mine, and everybody I know who has one (or 40-odd...) found theirs. I don't think I know anyone who bought one, and grades are irrelevant. Its a mule, one of maybe the second-rarest aussie coin ever, and any mule is desirable, regardless of condition. Plus, remember it was four years before they were spotted. There are what, six UNC examples out there?

Sorry mate, but I put the hair splitting down to as pointless an excercise as it is with 1930 pennies. Completely irrelevant to 99.9% of collectors, most of whom would never own either.

At the end of the day, centering is the most important factor with these coins. So that further narrows the scope, as a given coin must be compared with similarly-centred examples, not the entire population.

Sorry but i would have to respectfully disagree.... From an investment point of view, grading is an important and predominant factor and is reflected in the price one pays to buy or offers to sell....surely, if grading didnt mean anything, then people selling mules should all offer them at the same price....  I understand that bag marks, or any other distracting marks can and often will, reduce the price of the said coin. And with the $1 mule, how centered it is can increase the value within that particular grade, as can attractive patina, lustre and toning of the coin.

If grading doesn't carry any weight, then it is pointless for people like Greg McDonald to attempt to publish price guides for different grades of all the coins and banknotes listed in his book.

[robbiegal]

sounds like you have a few and could post pics of your mule $1 coins and then maybe those pics could also be reference material for a mule grading by photograph for the wikie here  in the ACF ?

I think that guys are saying that the variety and the centering of HRM is the spectacular part of the said variety and then at the grade value comes after that, as it always does with all of the rare to scarce error coins

in the pre-decs, say for example, 1955 y 'mule' in unc will command more $$ than the same coin in average circ,

[ausjack]

this all seems a bit pointless than as there's not that many "collectors" of mules

I'll kinda go along with that.

I found mine, and everybody I know who has one (or 40-odd...) found theirs. I don't think I know anyone who bought one, and grades are irrelevant. Its a mule, one of maybe the second-rarest aussie coin ever, and any mule is desirable, regardless of condition. Plus, remember it was four years before they were spotted. There are what, six UNC examples out there?

each to their own mate but totally agree about the books :winkextra:

Sorry mate, but I put the hair splitting down to as pointless an excercise as it is with 1930 pennies. Completely irrelevant to 99.9% of collectors, most of whom would never own either.

At the end of the day, centering is the most important factor with these coins. So that further narrows the scope, as a given coin must be compared with similarly-centred examples, not the entire population.

Sorry but i would have to respectfully disagree.... From an investment point of view, grading is an important and predominant factor and is reflected in the price one pays to buy or offers to sell....surely, if grading didnt mean anything, then people selling mules should all offer them at the same price....  I understand that bag marks, or any other distracting marks can and often will, reduce the price of the said coin. And with the $1 mule, how centered it is can increase the value within that particular grade, as can attractive patina, lustre and toning of the coin.

If grading doesn't carry any weight, then it is pointless for people like Greg McDonald to attempt to publish price guides for different grades of all the coins and banknotes listed in his book.

Yes of course grading matters but not as much with AU grades as with MS so I don't get it sorry, what are you talking about investment and grading..buy one already graded if you have a problem and can't grade or take them to a dealer and ask them to grade them or like I said post some pic's and I'm sure the team will help if they can, but each to their own mate as most here are collectors and not investors but totally agree about the books..prices go up and down like a brides nighty :winkextra: If you are looking to buy post a link and someone will tell you if you should or shouldn't buy :good:

[Cooper S]

yeah I agree in the sense that its not so much I believe  about the monetary value its more that they are rare and highly looked upon. I personally haven't found one but, and yes I agree grading does certainly matter but the amount that its centred is a higher priority. btw if I come across rude please let me know welcome to the forum!

[robbiegal]

eerr aj
 "but each to their own mate as most here are collectors and not investors but totally agree about the books..prices go up and down like a brides nighty "

beg to differ about the investors - I reckon there are a lot of them here
agree about the book values tho - I think most markets are like brides' nighties - all you have to have are deep pockets and a bit of competition for a desired item and the hammer prices go way way over 'book values'- and it often doesn't have to necessarily be a rarity either  

& g'day young coops!!






"

[emu666]

yeah I agree in the sense that its not so much I believe  about the monetary value its more that they are rare and highly looked upon. I personally haven't found one but, and yes I agree grading does certainly matter but the amount that its centred is a higher priority. btw if I come across rude please let me know welcome to the forum!

Nice to hear from you coops.
That is an interesting idea. But please consider this.
Which coin would you prefer?

This one


or



Then please scroll down





-----------------------------------------















The first sold on ebay for $750; the second was graded MS64 by PCGS and sold to a dealer for $12,500.

[ausjack]

thought this was about coins, not investments or has collecting become purely investment only and if so there goes my hobby and I may as well go to SS or one of the other sites that are more for investors :cray: And so many here have said DON'T think you'll make money from our hobby unless you have the money and know how to spot the bargins or were they lying..it's all moot anyway so where are my drugs :winkextra:
and if we're talking investment we are no longer talking about a hobby or are we :scratch_one-s_head:

[emu666]

Sorry AJ.

I was really considering which was more desirable.

[ausjack]

I was waiting for that Peter :laugh2: as this was talked about not so long ago

If you have the money to invest why would you buy a mule or any coin for that matter, not a wise investment as you then need some fool with very deep pocket that's into coins and going off this site alone there's no where near enough people in our hobby/investment
All good, Peter :friends:
well it depends on how deep your pockets are as to what one to get, with the later coin going for over half my yearly income I think it's a no brainer and the other is a fortnights pay so it too is out