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How forgiving are you on rarity flaws?
lkeigwin
Posts: 16,888 ✭✭✭✭✭
I was talking with some other forum members and mentioned this R5 I bought recently. I got past the tiny pin scratch but I wonder if others would.
How forgiving are you?
Lance.
How forgiving are you?
Lance.
Coin Photography Services / Everyman Registry set / BHNC #213
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Now go and say 10 Hail Marys.
That is one gorgeous extreme toned R5.
Toss-up.
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Nevertheless, it is a sweet coin.
<< <i>It's absolve.
OK, I feel pretty dumb... Great standout CBH, Lance!!
I too could overlook that scratch! Nice pickup. >>
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To answer the question, I would forgive that scratch on that coin. I probablywould if it were on a different coin also.
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All of my collection is in a safe deposit box!
<< <i>How is a coin with a mintage of 1,559,000 considered an R5?
Nevertheless, it is a sweet coin. >>
The variety is the R5, at least that's what I understand.
CN eBay
All of my collection is in a safe deposit box!
it wouldn't bother me at all though
that's one gorgeous 1822 there
if and when ya go to sell
tell those pointing it out to go find other examples of 1822's to look at if it bugs them that much
Funny how the die crack is cool, and the scratch is not
To answer the question, the higher the coins grade, the more flaws begin to bug me.
i'd forgive the flaws a coin but only if they make the coin Interesting
Looks to me to be PCGS 58. Beautiful coin.
Nice pick up
BHNC #203
<< <i>The scratch, while hidden somewhat by the obverse toning, is in a key visual area. I would pass on the coin. This is not the time to be buying problem coins. >>
I have to agree with this. Also, that toning looks too good to be true. Looks AT to me but it's probably MA to most collectors.
Worry is the interest you pay on a debt you may not owe.
John
siliconvalleycoins.com
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It's when you ask, "what happened?" That's when it's too much for me.
You coins looks fine!
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Can I live with it? Yes, probably for quite a while....unless one day I locate a problem free example that is "nice looking and problem free".
It has a pin scratch....
It still looks beautiful. Most can overlook this? Probably.
It's in a PCGS slab, they must have been ok with it. Should probably leave it in a slab.
If you have to ask others....there may be some doubt?
It's an R-5. Are there "other" nice ones out there? (In other words, what does the rest of the population look like?
Are nice, problem free coins "significantly" higher in price?
It has a scratch....It's on the obverse.
I take this coin home...and every time I look at it, I see a scratch and a wonderful tone.
Over the years, I learned to put more emphasis with a coins surface. In the old days I used to overlook surface distractions on beautifully toned coins, unless it was an R-6 rarity.
These days I generally pass on coins with scratches unless the price seemed fair, then later I find myself selling it because I locate a piece that is problem free.
All in all, your coin looks pretty wicked. If YOU can live with it then it's ok. It only becomes a money concern when selling.
I hope I wrote this in a way not to offend - it is not my intention.
By the way, in every collection I have ever seen... There were issues with some.
Note to add: I will say, I'd much rather have your example than 80% of other coins with scratches.
Enjoyed numismatic conversations with Eric P. Newman, Dave Akers, Jules Reiver, David Davis, Russ Logan, John McCloskey, Kirk Gorman, W. David Perkins...
It had 3 obv rim nicks- one of which was quite visible to the eye.
I didn't care in the least, it was solid and original and rare.
Besides, you couldn't see the rim issue in the Whitman album set I was building.
Then I sent it in to PCGS. Big mistake.
It came back XF40.
I can't see the rim nicks anymore. Coin has a new owner.
Do I want to only collect perfect coins.... I don't think so. That would be boring as heck. The only determining factor would then be the size of my checkbook and how many dealers I have in my address book.
I would even take a Brasher doubloon that someone had the nerve to stamp their initials into...wink wink.
If I want a coin I value and pay for what I think the coin is worth in the condition it happens to be in.
I'm not very forgiving on marks that are so noticeable...just very difficult for me to get past.
on the coin unless it was discounted.
When it comes to truly rare die varieties, sometimes you have to take what you can get. If there really are fewer than 75 examples known of a given variety, you might wait a long time before another one might become available to you. Therefore you might be more forgiving, but it should never be ignored.
Would anyone pass at $10? (extreme example) I would not, things are relative and not always black and white, a lot of gray.
Staple scratches on the other hand drive me bonkers.
I have an 1806 bust half with AU meat and nice luster with a long cut into the field right of the bust. I imagine it may have been a crude authentication with a knife. While I'll never know for sure, I'm still appeased. I also have a fair amount of holed bust halves and dollars and imagine those holes served an important purpose in their time so I make allowances.
For the purists out there, I have news for you: PCGS is net grading. Like it or not, coins with smaller problems will likely end up net graded. Since many of us are trained to trust the subjective opinion of PCGS, and PCGS insures the grade, I suppose there is nothing unfair or deceptive about this. The problem is factored in, presumably lowering the grade, and presumably lowering the price, the insured value, and the risk to PCGS.
Coins with bigger problems should end up in genuine/details holders, in which case the price should be a fraction of a graded coin, even a net graded one. I may or may not have an issue a with problem coin. It is a coin by coin decision. If the coin still appeals to me, I may be a buyer provided the price is adjusted. I do have a problem with people selling problem coins and pricing them as though the problems aren't there. That's nut factor 6.
On another note, many of us grade based on the coin in hand, and we put less stock in what can't be plainly seen. Look at CBHs under a microscope and you'll find lots of issues, including the classic "X" scratched to test if the coin was genuine silver. I've grown accustomed to seeing these with regularity, and oftentimes the coins do not even appear to have been net graded.
For me, I think I rely more on a gut feeling whether a coin has problems that are distracting. I prefer my coins to have a lot of eye appeal, and if an appealing coin has eye appeal but a major problem, I'd expect a major discount on price.
On Lance's coin that prompted this post, that is not a major problem. This is exactly the kind of coin that PCGS has been regularly net grading. It seems like the market is becoming increasing accepting of this fact.
If that's the "scratch" they both seem to start and end oddly.
Both end right at the bust but I'd think a pin would have hit the higher relief and dug in not ended right at the bust.
On the other end one starts at a star and didn't seem to hit the star, the other starts just past the rim and I'm not sure I see it on the star it passes. Are we 100% sure those are not on the die?
(yes I'm sure I'm wrong or others would have pointed it out LOL)
Those just seem odd as pin scratches on the coin. Am I looking at the wrong things?
If that's the issue, whatever they are.... it does not bother me that much because the toning hides it somewhat and we're looking at a huge picture. In hand I think they would be less noticed and the toning is pretty!
This is a O-103a variety, featuring a die crack through star 6. There is also a crack through the date that is characteristic of this die state. The problem scratch of note is on the obverse through star 4. The mark above the top olive leaf may also be a problem, especially if it is a minor drill hole. (I've seen PCGS graded examples of those as well).
<< <i>This is a O-103a variety, featuring a die crack through star 6. There is also a crack through the date that is characteristic of this die state. The problem scratch of note is on the obverse through star 4. The mark above the top olive leaf may also be a problem, especially if it is a minor drill hole. (I've seen PCGS graded examples of those as well). >>
Thanks lava!
They both (star 4 and 6) looked like possible die scratches or cracks to me.
<< <i>
<< <i>The scratch, while hidden somewhat by the obverse toning, is in a key visual area. I would pass on the coin. This is not the time to be buying problem coins. >>
I have to agree with this. Also, that toning looks too good to be true. Looks AT to me but it's probably MA to most collectors. >>
AGREE. I didn't want to be the first to say it... but IMO that toning is there to hide the scratch. AT
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