Graffiti or circulation wear?
ebriker
Posts: 16 ✭
Will this 1795 Flowing Hair Half Dollar O.119 straight grade and receive a CAC sticker?
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From my view, doubtful. The "x" is definitely graffiti.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
Need to see the entire coin both sides but my guess is no.
Graffiti. This same post is made 4 times.
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The marks in front of the nose look intentional, but probably aren’t. There is no doubt what the “X” is however. Too bad.
This coin is a CAC mistake.
Sorry for multiple post…accident
I am surprised. I would like to understand why it straight graded and why it received a sticker. That being said, I would still like to have the coin. Cheers, RickO
Agree. This coin should have a details grade and CAC really blew it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
If anyone blew it - and I'm not saying that they did - it was two different companies.
If I were considering the coin, based on the first image posted, the source of the X wouldn't make any difference, whatsoever. Call it graffiti, circulation marks or whatever you wish, but I'd pass.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I wouldn't hesitate to buy that coin ....... at the right price.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Considering the holder it's in, I predict there wont be a meeting of the minds regarding the "right price".
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
Oh there will be a meeting of some minds. They will see the sticker, and that will be enough for them. The "X" does not jump out at you in the picture of the entire slab. Some will miss it; some wholesaler might buy it because they can market the sticker; and some retail buyer will pay the full freight.
I once had a similar situation with a Bust Dollar that had light graffiti in the field. It was consigned to me, and I put the piece out in my case. The consensus was the coin had been net graded. It looked like a dipped AU, but was graded EF.
Early type has always received the most leniency as far as defects and straight grading goes. Hard to draw conclusion, especially without seeing the reverse, but I suspect that the from a wear standpoint the coin might grade 45 or better and PCGS downgraded it to a 40. CAC sees the coin as solid for the 40 grade and determines the mark to be acceptable and stickers it.
With that said, I don't like that X either and would pass. But that's not the question. I just explained how this could happen and not be a mistake. Or it could have been a mistake by one or both. It's a judgement call, already made by the experts. I don't agree, either.
I buy what's in the holder, not on the holder.
Dang, that "X" is (almost) forgivable when you take the coin in at its totality. Hard dove gray surfaces with even, smooth wear. It is lovely otherwise.
peacockcoins
I suspect as soon as CAC gets wind of this, thell buy it back off the market
I wouldn't own that coin in the current holder/sticker at anywhere near sheet value.
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Reverse of same:
The large gouge in front of the Eagles back leg alone should disqualify it from consideration of a straight grade.Just one of those coins you love to hate.... or is it hate to love? About 1/4 of full market value would be a good starting point to set a price, the most important number of all. This was an $80 retail coin according to the 15th Edition Red Book (1962). If I were in charge of setting a baseline price for the knowledgeable collector now, i would unenthusiastically advise to pay no more than $2.5-$3K or F-12 price for it. 2121 Red Book lists XF-40 1795 half at $11,000. Ask yourself this question, would you rather own a clean 1795 F-12 or an XF-40 with graffiti. When I say "clean" F-12, that F-12 is allowed mint-made adjustment marks.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
I admit being ignorant about O-119. Obviously, if it's an Overton where very few are known that raises the amount a specialist might ante up.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
I could never get past the X. It is not a coin that I would want.
Even with the graffiti and some damage I'd hate to see that coin in a details holder. But now the CAC sticker is a different story....
"When they can't find anything wrong with you, they create it!"
There is plenty of supply for 1795 half dollar. That's a good thing.
But now the CAC sticker is a different story....
Well, it is and is a real head scratcher.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
If I were considering the coin, based on the first image posted, the source of the X wouldn't make any difference, whatsoever. Call it graffiti, circulation marks or whatever you wish, but I'd pass.
What if you pay strong XF price but didn't notice the "x" and the seller didn't say anything about it to you? Would you seek a full refund or price adjustment from the seller? The "circulation mark" came from someone with a penchant for putting graffiti on coins. Wasn't like the coin got the "x" by clanking against other coins in a cash register or drawer. If the label had "Light Graffiti" on it with the XF-40 grade that would be an appropriate adjustment, in my opinion.
I once sent in a 1934-D Peace Dollar to a TPG other than our host that received "Uncirculated Details-Scratch on Reverse." The staple scratch (grrrrrrr
) is light and not really all that noticeable considering where it is on the coin.The value of the coin with the scratch is about 1/3 of full value, in my estimation. Despite the flaw, I have come to like the coin with its great luster and nice strike. Label should say, "Choice Uncirculated Details" but I've learned as a member of the unwashed masses that one can't have their cake and eat it too.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein