1935 - S Peace Dollar
PTVETTER
Posts: 5,984 ✭✭✭✭✭
I had a 1935-S Dollar in a PCGS MS65 holder that started to turn in the holder.
Broke It out removed the discoloration and sent it back to PCGS
Waiting for the new grade, it's in QA (imaging)
What the grade is now is a question. I will post the grade when it shows up.
Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211
4
Comments
That is a bold move! Just for fun, I have a few questions:
What generation was the old holder?
What is a description of the turning that was taking place?
What "restoration" method did you use?
I assume in cases such as this PCGS will not accept the coin under their guarantee, because who can say whether the coin has been properly stored or not? That being said did you consider using PCGS's restoration services? As I understand this at least guarantees the same grade should they choose to restore the coin. I once sent in a dark raw coin and after evaluation, they passed it directly to grading without any restoration. I ended up just selling the coin as I didn't want to go back through the process asking them to please lighten the coin only to have them decline and charge more money anyway...
Thanks for the info!
Blue Label
It's about 10 years old
Looks like it was not rinsed and had turned in the holder
Why pay when I can do the same thing !
any photos?
no photos!
@PTVETTER what exactly did you do to the coin? Dip, acetone? One reason to pay for their conservation would be to guarantee at least the same grade.
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Did you send it to PCGS to see if they would cover it first?
How exciting--good job!
The results should be interesting!
You should be fine, insofar as the grade is concerned.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
no reply!
Thats a scarce grade on a cool coin. Random question is it the unique 4 rays or the standard 3 ray Rev?
11.5$ Southern Dollars, The little “Big Easy” set
Not sure why you would have broken it out and risk the grade when they would have done it for you. The cost of the dip is minimal compared to getting it back as a 64 or worse, “details improperly cleaned”... wth?
You risked that over ~15 dollars? May have last 100 dollars in value. Never do this - no bueno!!
Actually I take that back - you may have lost several hundred dollars if it grades 64. The 35S in 65 is an incredible coin whereas in 64 is a “meh” - you took a huge risk doing that when PCGS offers this exact service and guarantees same grade. Only thing going for you now is that PCGS has turned extremely lenient on grades last year or so with the new director and so forth so we will see but chances of it hitting a 66 are much lower than it getting a 64 or calling it cleaned. They can smell acetone and will nail you for it - my prediction “UNC details cleaned” - 50 dollar coin ....
Not sure they’re ‘lenient’ now. Just had about 70 morgans graded, tightest I’ve seen since the service began. Upon inspection, I can see why each was graded as such, but very, very, very tight.
Buying and Selling coins for 54 years, 700+ shows in last 20 years, and boy am I tired.
Purchased and Trademarked the Mohawk Valley Hoard
Originated the Rochester (NY) Area Coin Expo
I don't remember!
Looks like it was not rinsed and had turned in the holder
Why pay when I can do the same thing!
I bet that's sort of the same thing the collector who originally dipped and improperly rinsed it was thinking. he passed his error on to someone else.
Look forward to seeing the results.
Good luck on this one.... I sure hope you do not lose a grade on that coin. Be sure to let us know... Cheers, RickO
That coin has increased in value from $1000 in MS 65 to $1700 in price guide , in the past year. Risky biz, brother. Why not have PCGS fix ?
Risk.
Risk aversion for less.
Unless it was a dealer ( most likely) and not a collector , who initially dipped it.
The life cycle of one coin.
The "no reply" and " I can't remember" responses are pretty unusual. You would think somebody dealing coins could do better than that.
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It's better than saying none of your business?
Dealers don't tell everything!
Does PCGS tell all their conservation?
I hope you have better responses for your customers than you do here.
EDIT If you don't want people in your "business" then why post here?
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Why do members brake the rules with more than 1 line in the signature area ( that is rule #5)
Wayne
Kennedys are my quest...
What did the coin grade?
1935-S are prob the most common S-mint mark even in high grades. I would have just sold it and bought a new one. Too much risk here. My 2 cents
What did the coin grade?
we probably won't know, but my hunch is that it's below MS65 and the OP doesn't want to hear about it because it's be a PCGS price guide loss of about $800. that's an expensive lesson.
I would need a photo just to see it before and after maybe you couldn’t see the luster last time and now you can so it would get a bump or she is flat and now receives a downgrade. Don’t know with out a pic. One point up or down is my guess with out a pic.
Hoard the keys.
@Type2 The OP is active on the forums and posted this back in October when it was at PCGS QA, so 99% chance he got UNC Details or MS64 and doesn’t wanna admit.
@PTVETTER - have an update?
Oh I see now I didn't realize it was that long ago and no response. The writing is on the wall, That sucks okay next post.
Hoard the keys.
I had a 1935-S Dollar in a PCGS MS65 holder that started to turn in the holder.
Broke It out removed the discoloration and sent it back to PCGS
here's a little story that a friend of mine told me a long time ago, maybe 15 years......................
he found a nice PCGS graded Morgan Dollar, I don't remember the date, MS64 with some light tone on the cheek, he figured he could crack it out and dip the tone prior to a submission for MS65, the coin looked that nice. he figured to turn a quick, tidy profit for his trouble. when he dipped it he saw the truth: there were some scratches there that someone had hidden by "thumbing" the coin. he did the same with a little "nose grease' and PCGS graded the coin MS64, again.
he chalked up his slight loss to experience gained and moved on.
the moral of the story is that it sometimes pays to trust PCGS/NGC with "conservation" because when we take coins out of the capsule all bets are off.
Still waiting on the final results.......
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$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
It came back MS64+
but it does look much better
Thanks for the update. It's all about the look of the coin so that is important.
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
I got a Peace like that, was in an ANACS MS63 slab but turned. It's been sitting in a Dansco album for 10 years and has a little gold around the edges now. Looks about ready for re-entombing.
I've only thumbed circulated silver to get some of the tarnish off the high points, never anything mint state. I've heard about putty used on MS coins to cover scratches though.
Not the end of the world but stinks that you lost half a grade. Any pictures of the coin it would be nice to see it.
Ouch!!
I submitted a '35-S which came back MS 65. A collector bought it and the first thing he asked me to do was crack it out so he could put it in a Dansco Album. Funny thing: that's where it sat for a long time before I decided to submit it. The funnier thing is nobody wanted it at 62 money when it was raw.
Please post the picture - otherwise this one is hard to believe for some reason ...
@PTVETTER
Thanks for the update. Usually these threads just fade off into oblivion, especially when the result isn't positive. It probably gives many the false impression that things usually work out, but that's not necessarily true. Nobody hears about the fishing trip when they weren't biting or the stock tip that resulted in a huge loss.
For the 35-S, the PCGS Price Guide says $950 in MS64+ and $1700 in MS65. Ouch indeed!
Thanks for the update. When you have chance post a picture.
Nobody hears about the fishing trip when they weren't biting or the stock tip that resulted in a huge loss
it's like gambling and the lottery. people eagerly tell when they won but seem to forget about that stack of losing tickets as though they never happened.
in this instance, the proper route would have been to allow PCGS to conserve the coin to remain "whole" when it was over. my sole experience with something similar was to send a coin in for re-grade. it dropped one-point and PCGS returned the coin with compensation for the price difference. after a reasonable period of time I cracked/submitted it and it graded the same and was sold.
Realized auction prices for a 64+ vs. 65 are not as wide spread and as bad a loss as the price guide. Would still rather the 65, but pricing is all dependent on the coin, not the slab, as one 65 sold for $1200+ while another $2,500+.
Why would this one be “hard to believe for some reason”? I don’t need to see any pictures in order to believe the OP.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
It would certainly help make it believable considering the circumstance - the OP was asked several times to send the picture and won’t do it -. If hadn’t been asked, no issue but after so many times to request it and nothing - combined with the length of time and even after others have questioned it, still nothing. You are free to believe anyone you want but perhaps I’ve become a little less trusting of social media posts simply from what is posted. All the OP has to do it show the new 64+ - but won’t do it and so it does make it questionable. Unfortunately a lot of BS occurs on social media ... but didn’t mean it personal.
I am glad your happy with the coin.
Some people have a tough time posting decent photos and others might not want to bother with that, anyway. What would have been the point in making up such a story?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
What would have been the point in making up such a story?
LOL - oh wait, you’re serious!
You must not do much social media.
Some people just enjoy bullshitting - and when you can post more or less anonymous, it is even worse. Not to mention a healthy dose of misinformation that plagues the internet these days. Posting the photo would actually be a courtesy - would it not??