Home U.S. Coin Forum
Options

Hot topics

2»

Comments

  • Options
    HydrantHydrant Posts: 7,773 ✭✭✭✭✭
    edited December 9, 2018 5:48PM

    Very insightful letter. All the bases were covered in the letter. Couldn't add anything meaningful. Brilliant.

  • Options
    fcfc Posts: 12,789 ✭✭✭

    I suppose one cannot write a letter to a very prominent dealer and have specifics before an auction. One must follow etiquette even when discussing possibly doctored coins. This person must do a follow up with a detailed in-hand analysis and documented proof of at least a few of the claims on these coins. Otherwise the sentiment is noteworthy but the substance is lacking.

  • Options
    Aspie_RoccoAspie_Rocco Posts: 3,259 ✭✭✭✭✭

    Excellent topic. Stop the dipsits and doctors, keep coins authentic. I appreciate that those with some clout speak out against all the tampering going on. I really hope the younger generations of collectors embrace the “DO NOT CLEAN COINS!!!” mentality.
    The only good dip is dairy based or salsa, cleaning is for living/ working spaces and cars, doctors should work on bodies and minds.

  • Options
    cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

    @bidask said:
    I think Heritage and Stacks and Goldbergs should not accept consignments that they deem have altered surfaces regardless of what TP slab it may be in .

    They have plenty of good numismatists on their staff who could easily do this .

    I’m sure a new auction venue would pop up featuring rejects.

    Then they can say bye, bye to many consignors and probably more than half of their respective businesses.

  • Options
    specialistspecialist Posts: 956 ✭✭✭✭✭

    look, this was a letter written by a collector with a huge passion. I know his series and I know what he was looking at. so do not knock him nosy busy bodies!

    I elected to publish his letter because I think it might put a spark in a few collectors about this problem-not make his views a problem. Only here in this snake pit. So far, I have seen very little constructive comments.

    The ONLY hing to be debated about this subject-how to stop coin doctors.

  • Options
    OldIndianNutKaseOldIndianNutKase Posts: 2,700 ✭✭✭✭✭

    From a collector's perspective, there seems to be very little "legal" definition of of coin restoration and coin doctoring from the ANA. However, when dealers start making this delineation, I find dealers are conflicted in two significant ways. When selling a coin to a dealer many will low ball the offer saying the coin has been "messed with". And then will turn around on a "dime" and profess to a buyer that the coin has original skin.

    There is a very fine line between coin restoration services offered by PCGS and NGC and coin "doctors" that also improve the appearance of a coin. And the reality is that all of the coins in the FUN auction are reasonably assumed to be TPG graded coins. And the reality is that the TPG graders do set the standards (based upon market acceptability) and that is the standard in this market, not a significant dealer opinion.

    Original Skin sounds to me too much like Original Sin.

    OINK

  • Options
    BAJJERFANBAJJERFAN Posts: 30,987 ✭✭✭✭✭

    @Proofmorgan said:
    I would think the TPGs have the capability to completely map a Coins surface like a fingerprint. Identifying all contact and unique features. Gold Shield??? That way dipped or retoned coins will be identified by their surface characteristics and be rejected.

    That is exactly what the secure service entails.

  • Options
    BAJJERFANBAJJERFAN Posts: 30,987 ✭✭✭✭✭

    @Zoins said:

    @BillJones said:
    If “the blue wall” were to be erected, a lot of potential inventory and auction lots would be eliminated. Perhaps there could be an “original coin only” (If you can spot “original” with great consistency.) auction house, but I doubt that it would last very long. Many consignors would lose patience, and the available items would too restricted.

    I think it would be good for the coin community to be more “honest” with itself. Classic cars with restoration are cherished and the restoration is documented in detail. Why should coins about pretending a coin hasn’t been modified?

    The cars are usually advertised as being restored; the coins not so much.

  • Options
    BAJJERFANBAJJERFAN Posts: 30,987 ✭✭✭✭✭

    @cameonut2011 said:

    @Proofmorgan said:
    I would think the TPGs have the capability to completely map a Coins surface like a fingerprint. Identifying all contact and unique features. Gold Shield??? That way dipped or retoned coins will be identified by their surface characteristics and be rejected.

    Wasn't that part of the now defunct secure plus tier along with the sniffer?

    The sniffer identified chemical substances added to a coin's surface; the secure service was about a coin's topological features; sort of like a relief map.

  • Options
    cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

    @BryceM said:
    As a physician, I hate the negative connotation of "coin doctor". In broad terms, most people in medicine are there for reasons that go beyond financial gain. Despite the nastiness of the current healthcare business environment, the profession is still a noble one that provides improved quantity and quality of life. This is the opposite of the shenanigans that so-called "coin doctors" are pulling in the name of making a quick buck. The word "doctor" comes from old Latin and French and means teacher or expert. The people ruining coins are only expert at defrauding others and very seldom teach anything.

    Can't we find a better name? Coin charlatan comes to mind.

    coin molester

  • Options
    BillJonesBillJones Posts: 33,481 ✭✭✭✭✭

    @BAJJERFAN said:

    @Zoins said:

    @BillJones said:
    If “the blue wall” were to be erected, a lot of potential inventory and auction lots would be eliminated. Perhaps there could be an “original coin only” (If you can spot “original” with great consistency.) auction house, but I doubt that it would last very long. Many consignors would lose patience, and the available items would too restricted.

    I think it would be good for the coin community to be more “honest” with itself. Classic cars with restoration are cherished and the restoration is documented in detail. Why should coins about pretending a coin hasn’t been modified?

    The cars are usually advertised as being restored; the coins not so much.

    Most every old car has been restored to some point. I remember in the Harrras Los Vegas car museum that they made a big deal out of a 1948 Cadillac that still had the original paint and seat covers. It had been owned by a couple of old maid sisters who had stored it in a garage. That is a most unusual car, it was not flashy at all, which is what most owners want.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • Options
    oldabeintxoldabeintx Posts: 1,633 ✭✭✭✭✭

    @specialist said:

    The ONLY hing to be debated about this subject-how to stop coin doctors.

    A great topic. Probably will never really stop them. Education, experience, take advantage of more experienced eyes, use some common sense as a buyer. This forum has helped me (e.g. the use of putty was news to me as a returning collector).

  • Options
    ZoinsZoins Posts: 33,864 ✭✭✭✭✭
    edited December 9, 2018 8:57PM

    @oldabeintx said:

    @specialist said:

    The ONLY hing to be debated about this subject-how to stop coin doctors.

    A great topic. Probably will never really stop them.

    Agree there doesn't seem to be a way to stop them so far. There seems to be about half a dozen top doctors. They are well known in the industry. Year after year goes by and it seems like nothing can be done to stop them.

    Absent stopping them, which doesn't seem to be possible, my thought has been to make them famous so they can be, and would like to be, identified by provenance.

  • Options
    mannie graymannie gray Posts: 7,259 ✭✭✭✭✭

    The simple truth is that $$$ talks and BS walks.
    If the "doctors" did not gain financially from their operations (pun intended), then those operations would cease.

  • Options

    If the real question is "How to Stop Coin Doctors", I'll give you the best answer right here.

    QUIT doing business with them. Don't allow their coins in the auctions and do not allow them to bid. Simple as that.
    It's not the PNG's job to take care of coin doctoring, it's PCGS and NGC. If they allow it, that is the problem.

  • Options
    Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    edited December 10, 2018 12:26PM

    @specialist said:
    look, this was a letter written by a collector with a huge passion. I know his series and I know what he was looking at. so do not knock him nosy busy bodies!

    I elected to publish his letter because I think it might put a spark in a few collectors about this problem-not make his views a problem. Only here in this snake pit. So far, I have seen very little constructive comments.

    The ONLY hing to be debated about this subject-how to stop coin doctors.

    We could cut their hand off for the first offense but this is a slippery slope. It all depends on the definition, intention, and results of doctoring. Otherwise there would be a lot of one-handed dealers/collectors.

    I'm assuming that both your hands would stay attached! <3

  • Options
    ElcontadorElcontador Posts: 7,417 ✭✭✭✭✭

    @Proofmorgan said:
    As long as the TPGs reward these practices with high grades/values.....what can we do?

    I for one, don't buy them. But who ever listens to me?

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • Options
    ElcontadorElcontador Posts: 7,417 ✭✭✭✭✭

    @BillJones said:

    If you like it, you buy it. If you don’t, you don’t.

    For very old coins “originality” is both rare and controversial.

    If you have a gem Capped Bust Half that's truly original, I'd like to see it. I've looked at these coins for the better part of fifteen years, and have yet to see one that fits the bill.

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • Options
    Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @Elcontador said:

    @BillJones said:

    If you like it, you buy it. If you don’t, you don’t.

    For very old coins “originality” is both rare and controversial.

    If you have a gem Capped Bust Half that's truly original, I'd like to see it. I've looked at these coins for the better part of fifteen years, and have yet to see one that fits the bill.

    They are out there and I don't even look for them. Maybe, all the ones I've seen in the past are no longer original and that would confirm your fifteen year search.

  • Options
    kazkaz Posts: 9,067 ✭✭✭✭✭

    @BryceM said:
    As a physician, I hate the negative connotation of "coin doctor". In broad terms, most people in medicine are there for reasons that go beyond financial gain. Despite the nastiness of the current healthcare business environment, the profession is still a noble one that provides improved quantity and quality of life. This is the opposite of the shenanigans that so-called "coin doctors" are pulling in the name of making a quick buck. The word "doctor" comes from old Latin and French and means teacher or expert. The people ruining coins are only expert at defrauding others and very seldom teach anything.

    Can't we find a better name? Coin charlatan comes to mind.

    Hmm. I was thinking of "coin quack."

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    Coin specialists.

  • Options
    kazkaz Posts: 9,067 ✭✭✭✭✭

    Coin hacks!

  • Options
    NicNic Posts: 3,343 ✭✭✭✭✭

    @Elcontador said:

    @BillJones said:

    If you like it, you buy it. If you don’t, you don’t.

    For very old coins “originality” is both rare and controversial.

    If you have a gem Capped Bust Half that's truly original, I'd like to see it. I've looked at these coins for the better part of fifteen years, and have yet to see one that fits the bill.

    Close enough?


  • Options
    UltraHighReliefUltraHighRelief Posts: 2,296 ✭✭✭✭✭

    Not mine.

  • Options
    Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @Elcontador said: "If you have a gem Capped Bust Half that's truly original, I'd like to see it. I've looked at these coins for the better part of fifteen years, and have yet to see one that fits the bill."

    @Nic replied: "Close enough?"

    Nope. There is no "close" when writing about an original gem Uncirculated coin. :wink:

    Great coin though, and it looks original in the image.

  • Options
    coinhackcoinhack Posts: 1,131 ✭✭✭✭

    @kaz said:
    Coin hacks!

    I don't think so. Try again.

  • Options
    DMWJRDMWJR Posts: 5,975 ✭✭✭✭✭

    "Coin Doctor" has been knocked off by the "PC Police?" Wonder how the cops feel about that.

    Doug
  • Options
    cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

    @topstuf said:
    Coin specialists.

    Laura is going to kill you for poisoning her moniker.

  • Options
    blitzdudeblitzdude Posts: 5,452 ✭✭✭✭✭

    Dip em all I say. Blast white just like they were suppose to be. Nothing ruins the day quicker than fugly toned silvers.

    The whole worlds off its rocker, buy Gold™.

  • Options
    BillJonesBillJones Posts: 33,481 ✭✭✭✭✭

    @Nic said:

    @Elcontador said:

    @BillJones said:

    If you like it, you buy it. If you don’t, you don’t.

    For very old coins “originality” is both rare and controversial.

    If you have a gem Capped Bust Half that's truly original, I'd like to see it. I've looked at these coins for the better part of fifteen years, and have yet to see one that fits the bill.

    Close enough?


    Nice coin, but too dark on the cheek and other high points. The standard is “Gem,” and that one just falls short. The darkness is a reflection of old time envelope storage.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • Options
    scubafuelscubafuel Posts: 1,734 ✭✭✭✭✭

    UHFs coin maybe. Nic’s, not a chance.

  • Options
    scubafuelscubafuel Posts: 1,734 ✭✭✭✭✭

    How about “coin Mechanic”?

    I imagine some guy covered in greasy overalls wrenching on some beater.

  • Options
    dpooledpoole Posts: 5,940 ✭✭✭✭✭
    edited December 12, 2018 4:14PM

    My forebears knew a pristine coin
    That mortal man would ne’re purloin
    ‘til doctors did their art enjoin
    And knee said forebears in the groin.

    Burma Shave

  • Options
    ElcontadorElcontador Posts: 7,417 ✭✭✭✭✭

    Agree with Bill Jones's comments. Am I the only one to notice a large fingerprint on the viewer's left side of the reverse?
    It's nicer than most of the series I've seen, in all candor.

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • Options
    amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    200 year old silver that hasn't been messed with is going to vary from medium grey - Black with luster beaming through! I'm sure there is the odd coin out but there is no way IMHO an untouched 200 year old coin remains white!

    The only late 19th-20th century coins other than the odd roll here and there that remain white IMHO are the bags and bags of Morgan Dollars that were released in the 60's.

  • Options
    bronco2078bronco2078 Posts: 9,964 ✭✭✭✭✭

    coin diddlers!!!

  • Options
    STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    I wonder which coins the letter writer was looking at in the up coming Heritage auction ?
    There were very few copper coins with CAC stickers

  • Options
    specialistspecialist Posts: 956 ✭✭✭✭✭

    No Stewart, He is not a copper collector. He turns more colors then all the retoned PR Indians when he sees any copper.......

  • Options
    cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

    @STEWARTBLAYNUMIS said:
    I wonder which coins the letter writer was looking at in the up coming Heritage auction ?
    There were very few copper coins with CAC stickers

    That was my guess too. If the photos are anywhere close to accurate, there is a lot of altered copper up for sale in the coming Heritage sale IMHO.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file