Why would anyone submit a common circulated 1940 Walker to be graded?
I think it's very likely a proof, and probably submitted as such. I also think it's worth a premium, because it's a one-of-a-kind coin as the lowest graded PCGS proof in the entire Walker series. The next lowest is a 1942 in PR45.
@braddick said:
Collector: "CAC, would you sticker a PCGS 1964 SMS (mintage of around ten)?"
CAC: "No."
Collector: "CAC, would you sticker a common- minted by the millions- clad proof Ike dollar?"
CAC: "Of course, yes."
I thought it was only business strike Ikes that CAC accepts.
@braddick said:
Collector: "CAC, would you sticker a PCGS 1964 SMS (mintage of around ten)?"
CAC: "No."
Collector: "CAC, would you sticker a common- minted by the millions- clad proof Ike dollar?"
CAC: "Of course, yes."
I thought it was only business strike Ikes that CAC accepts.
You're right!
Here's the updated conversation:
Collector: "CAC, would you sticker a PCGS 1964 SMS (mintage of around ten)?"
CAC: "No."
Collector: "CAC, would you sticker a common- minted by the tens of millions- clad Ike dollar?"
CAC: "Of course, yes."
Ok, after a few hours of comparison, I am fairly certain this coin is a Proof. Note the recutting on the reverse of this Proof:
Matches the recutting here:
Only Proofs have recutting in that area. It was lucky this coin was from a die with recutting, or else I doubt it could ever be proven it is a PR coin. Whatever the case, $400 for the coin is crazy to me. It must have been an early die state right after the recutting, because I didn't find another example with the same level of detail in the AW.
@FlyingAl said:
Ok, after a few hours of comparison, I am fairly certain this coin is a Proof. Note the recutting on the reverse of this Proof:
Matches the recutting here:
Only Proofs have recutting in that area. It was lucky this coin was from a die with recutting, or else I doubt it could ever be proven it is a PR coin. Whatever the case, $400 for the coin is crazy to me. It must have been an early die state right after the recutting, because I didn't find another example with the same level of detail in the AW.
I’d feel more confident in your conclusion if you’d spent a few weeks, and not merely just “a few hours”comparing coins. But seriously, very well done!👍
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I was pretty sure it was MS, so that's why it took so long. It really had all the hallmarks of an MS coin until I found the recutting. Bad pictures weren't a huge help, and multiple repolishes on Proof dies makes it very hard to find a match at times.
I much rather have an impaired proofing that low of a grade. It is undoubtedly more rarer and really easy t distinguish if one knows the pup's. There is more interest here than a run of the mill business strike. Surpised by the negs here but knowledge is king. Congrats to the buyer.
Comments
Why would anyone submit a common circulated 1940 Walker to be graded?
I think it's very likely a proof, and probably submitted as such. I also think it's worth a premium, because it's a one-of-a-kind coin as the lowest graded PCGS proof in the entire Walker series. The next lowest is a 1942 in PR45.
My Adolph A. Weinman signature
I thought it was only business strike Ikes that CAC accepts.
You're right!
Here's the updated conversation:
Collector: "CAC, would you sticker a PCGS 1964 SMS (mintage of around ten)?"
CAC: "No."
Collector: "CAC, would you sticker a common- minted by the tens of millions- clad Ike dollar?"
CAC: "Of course, yes."
peacockcoins
I think I followed that coin on eBay a while back. It was interesting, but $400 was way more than I would ever pay for it.
Young Numismatist
Ok, after a few hours of comparison, I am fairly certain this coin is a Proof. Note the recutting on the reverse of this Proof:
Matches the recutting here:
Only Proofs have recutting in that area. It was lucky this coin was from a die with recutting, or else I doubt it could ever be proven it is a PR coin. Whatever the case, $400 for the coin is crazy to me. It must have been an early die state right after the recutting, because I didn't find another example with the same level of detail in the AW.
Coin Photographer.
Missed by PCGS and CAC........oh my!!!
Say it isn't so!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Based on Al's analysis, it isn't so...
I’d feel more confident in your conclusion if you’d spent a few weeks, and not merely just “a few hours”comparing coins. But seriously, very well done!👍
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@MFeld
I was pretty sure it was MS, so that's why it took so long. It really had all the hallmarks of an MS coin until I found the recutting. Bad pictures weren't a huge help, and multiple repolishes on Proof dies makes it very hard to find a match at times.
Coin Photographer.
I got one of those coinsdoes that make it valuble
i think you should send it back for reslabbing and a free coupon for another
I much rather have an impaired proofing that low of a grade. It is undoubtedly more rarer and really easy t distinguish if one knows the pup's. There is more interest here than a run of the mill business strike. Surpised by the negs here but knowledge is king. Congrats to the buyer.