Do You Think There's Something Going on With This $10.00 Indian?
Luxor
Posts: 489 ✭✭✭✭✭
Very difficult to tell from an online pic, but would you say this one's been messed with?
Your hobby is supposed to be your therapy, not the reason you need it.
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It looks suspiciously like putty, but I can’t say for sure. There is something wrong with the left obverse field, and I don’t think that it happened at the mint.
“Puttying” is a coin doctor process where something like Bondo is used to fill in scratches on a coin. It is covered over something that has gold color. It looks okay for a while, but after time, the repair goop under the gold color comes to the surface.
The coin is not necessarily ruined; the stuff can be removed. But it will often be over graded because that’s the idea. You fill scratches to up the grade.
I've seen US gold in older slabs that have been puttied to hide hairlines and minor scuffs where the putty has turned chalky and hazy. It's hard to tell from your pic but that may be the case with your coin. The putty can be easily removed with acetone.
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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
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Really difficult to tell conclusively... but the area in front of the face looks suspiciously dull, compared to the surface just above it that shows luster. I would pass. Cheers, RickO
enlarged and sharpened, if it helps.
Will bow to the experts here.
There is something going on with the coin.
Can we get a reverse photo?
Wayne
Kennedys are my quest...
I agree that there seems to be something amiss with the lower left dead-looking zone. If I were looking for a $10 Indian type coin, I'd pass on this one. 1926 is sufficiently common where the right one will come along without much of a hunt.
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i own 6 graded 1926 indians all ms-63, none of them have that 2 tone color, coin was altered
This is an interesting thread. I like gold and have always thought the big grading companies would grade puttying a coin as details or doctored/cleaned. This gives me something to watch for.
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It’s ok with me. Been in that holder long enough to stay just the way it is
Your hobby is supposed to be your therapy, not the reason you need it.
If the putty’s detected at the time of grading, the coin should be and almost certainly is, details-graded. Typically, however, a recent putty job isn’t apparent until a later time, after its hardened and turned color.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Would that explain the pinkish color some what on the obverse? For lack of knowledge here
I vaguely remember reading that putty can be detected under UV light. Is that true? If so, look at the coin under UV light maybe?
Mr_Spud
I don't like the look of that.
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The US Mint pumped out large mintages of $10s in both 1926 and 1932, and many of those coins survive today to be bought by collectors. Neither date is hard to find in high grades.
If you are asking whether you should buy that specific coin, I would suggest you pass on that coin and keep looking. There will be plenty of opportunities to get a 1926 that doesn't have you wondering if there is something wrong with the coin you purchase.
Indian Head $10 Gold Date Set Album
Thanks.
Seems like the reverse has the same issues.
I would not buy it.
Wayne
Kennedys are my quest...
I don’t know if that is putty or thumbed nose grease but it have been smoothed for sure
11.5$ Southern Dollars, The little “Big Easy” set
From the photos, puttied; and if you expanded the photos many deep scratches are visible.
If the goal was To go from BU original to a hopeful 63 or 64 grade on this coin ...seems to me like a waste of effort. And the cert # will always ID the submitter. Foolish business.
It has a hazy film, particularly on the higher points of the obverse. But I wouldn't necessarily attribute that to an intentional "putty" job. I think there is a good probability that it is old residue from a PVC flip and/or skin oil fingerprints.
I don't see anything there (like major scratches or tooled smoothing) that the "putty" is attempting to hide. So I think it is a pretty nice coin and if it were mine I might consider a bath in acetone (or similar solvent) to remove the gunk.
Without better pictures, grading from my point of view is a crapshoot. But if properly "conserved" and resubmitted, I could potentially see an MS64 grade.
Yeah, something is definitely off. There's good luster on part of it, but the surfaces in front of Liberty face looks dead...
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Yes and yes.
But the OP does not have the coin in hand.
Hard to be definitive.
I am as far from being an expert on puttying as anyone could ever be and putty immediately came to mind the second I saw the pic.
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What does the label say?
You guys should be professional graders think what you could do actually seeing the coin.
How come you are not showing what grade is on the label
I purposely didn't show the label and grade as it's a coin currently on the market.
Your hobby is supposed to be your therapy, not the reason you need it.
What a world. Coin doctors and thieves ruining our once great hobby. Get the putty knife out and make easy money.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
Wasn’t hard to find. Now that you know it’s in a OGH you’ll be slobbering all over it.
https://www.greatcollections.com/Coin/1053716/1926-Indian-Gold-Eagle-PCGS-MS-63-OGH
@JimTyler I don't think it's correct to link to a coin actively on the market in this instance. Would you mind please deleting the link you posted?
Your hobby is supposed to be your therapy, not the reason you need it.
I would respectfully say no but HELL NO.
Zooming in on my phone it appears to have a cloudy and slightly discolored residue that very much looks like putty to me.
If it was putty, seems like it would look worse than it does in a holder that old. But I have not seen much puttied gold to make a good judgement.
Guessing @dcarr 's post above may be a reasonable assessment.
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@ianrussell Does GC review the coins that are in your auctions for coins that may have turned in their slab?
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
I’m guessing that there probably isn’t a thorough review since most items don’t have detailed written descriptions, opting for high resolution images instead.
Does any auction house review relatively inexpensive common coins?
Not trying to be a grammar Nazi here but English is really a funny language.
You replied Hell no to a query of Would you mind please which truly meant that you agree to do it because don't mind acceding to the request.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
You’re right. HELL YES. HELL NO I won’t remove it ( is that a double negative ? Did I just say I will remove it again ) People need to see everything about the coin in question. I like the coin and would buy it if I liked the price.
Yes, and we routinely reject coins that have turned, either from putty or other issues.
We'll be reviewing this particular coin before it ships, and will take the appropriate action in consulting with the winning bidder. We stand behind everything we auction.
Regards,
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It's customer service like this why your company is so successful.
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
I will be interested to hear how this turns out. The coin seemed to still get to a pretty good price for a common 63 (though no premium for OGH). Chances are it straight grades again.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Me too.. at a couple bucks over melt price. Common $10 Indian that obviously been messed with. No way is it worth what it went for.
Mark
Would you say "unknowingly" went for "a pretty good price for a common 63"?
I'd say this is one of those instances where "Buy the coin, not the holder" should most definitely apply. Purchasing a coin because it resides in an OGH is insane!
There should be no way this one straight grades again IMO.
Mark
The usage of the specific fascist dictatorship mentioned is offensive to survivors and families of survivors of the regime.
Well, if you can prove that their main language was English, then you have a case.
https://www.dictionary.com/e/pop-culture/grammar-nazi/
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
Did you ever watch the Seinfeld episode with the "soup Nazi"?
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
Deleted
Here's an example of putty that really turned hard...
Time to claim the guarantee?
BHNC #203
its possible
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That’s what I’m talkin about. This coin is OK.