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Would like some opinions on this (not my) coin

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  • Project NumismaticsProject Numismatics Posts: 1,469 ✭✭✭✭✭

    @alaura22 said:

    @Catbert said:
    Scratches, galore on this PCGS 64+ Peace dollar!

    And still it straight graded...........
    Why O why
    Nice looking coin..................but

    It’s market grading, not technical grading. “Nice looking coin” gives it a boost. When the TPGs assign a grade, they are pricing a coin, not assigning a technical grade.

  • 1madman1madman Posts: 1,463 ✭✭✭✭✭

    @Steven59 said:
    Just wondering - should any TPG notify you before they details your coin?? I know it wouldn't be profitible for them doing this but it would expose if they really care about the numismatist compared to their profits.

    This post is sort of confusing. If PCGS calls you up and says 1 of your coins in the submission is gonna get a details grade, what do you expect them to do, return it back free of charge? You can check the box on the submission form to have them not holder detail coins if you plan on submitting to other tpg companies to try for a straight grade without the hassle of cracking the thing out.

  • jmlanzafjmlanzaf Posts: 34,082 ✭✭✭✭✭

    @1madman said:

    @Steven59 said:
    Just wondering - should any TPG notify you before they details your coin?? I know it wouldn't be profitible for them doing this but it would expose if they really care about the numismatist compared to their profits.

    This post is sort of confusing. If PCGS calls you up and says 1 of your coins in the submission is gonna get a details grade, what do you expect them to do, return it back free of charge? You can check the box on the submission form to have them not holder detail coins if you plan on submitting to other tpg companies to try for a straight grade without the hassle of cracking the thing out.

    Agree. I'm not sure what the implication of the OP's post was. They do inform you that it will details grade... when they put it in the holder. You pay for the opinion not just the plastic.

    Back in the day, they used to just body bag them. [You still paid. ] now they detail grade them. But either way, you're going to pay for the opinion.

    From a PCGS perspective, they save $3ish on the holder but have to spend more on the phone call. It would be more expensive for them to notify you and ask if you want it slabbed than to just slab it.

  • lkeneficlkenefic Posts: 8,160 ✭✭✭✭✭

    Interesting thread! I bought an 1857 Large Cent PCGS AU55 with a CAC sticker last year. It was offered at below Greysheet, so I pounced on it. I didnt notice the strike through on the reverse from the sellers images and apparently the good folks at CAC thought it was acceptable. I suppose one could argue that the piece is "as struck" and the overall appearance is pleasing... banger strike on the obverse, which, for this coin, took the day.

    I'll see if I still have images of it on my phone...

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • ChrisH821ChrisH821 Posts: 6,483 ✭✭✭✭✭

    @Project Numismatics said:

    @alaura22 said:

    @Catbert said:
    Scratches, galore on this PCGS 64+ Peace dollar!

    And still it straight graded...........
    Why O why
    Nice looking coin..................but

    It’s market grading, not technical grading. “Nice looking coin” gives it a boost. When the TPGs assign a grade, they are pricing a coin, not assigning a technical grade.

    I don't see a single imperfection on that coin that I would call a scratch.
    I see a big radial die crack going through the G and several toning streaks, but no unusual marks that should be considered a "scratch".

    Collector, occasional seller

  • CatbertCatbert Posts: 7,116 ✭✭✭✭✭
    edited November 2, 2023 2:00PM

    @ChrisH821 said:

    @Project Numismatics said:

    @alaura22 said:

    @Catbert said:
    Scratches, galore on this PCGS 64+ Peace dollar!

    And still it straight graded...........
    Why O why
    Nice looking coin..................but

    It’s market grading, not technical grading. “Nice looking coin” gives it a boost. When the TPGs assign a grade, they are pricing a coin, not assigning a technical grade.

    I don't see a single imperfection on that coin that I would call a scratch.
    I see a big radial die crack going through the G and several toning streaks, but no unusual marks that should be considered a "scratch".

    Which coin are you commenting on Chris?

    Edit to add: if it’s my Peace dollar, there is a significant long scratch along the cheek. Great luster and color, but the prominent scratch (seen better in hand) certainly could/should warrant a details grade. I still like the coin for its other attributes.

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • CoinscratchCoinscratch Posts: 8,650 ✭✭✭✭✭

    Correct, there is no G on the OP coin.
    Must be speaking about the Peace.

  • ChrisH821ChrisH821 Posts: 6,483 ✭✭✭✭✭

    @Catbert said:

    @ChrisH821 said:

    @Project Numismatics said:

    @alaura22 said:

    @Catbert said:
    Scratches, galore on this PCGS 64+ Peace dollar!

    And still it straight graded...........
    Why O why
    Nice looking coin..................but

    It’s market grading, not technical grading. “Nice looking coin” gives it a boost. When the TPGs assign a grade, they are pricing a coin, not assigning a technical grade.

    I don't see a single imperfection on that coin that I would call a scratch.
    I see a big radial die crack going through the G and several toning streaks, but no unusual marks that should be considered a "scratch".

    Which coin are you commenting on Chris?

    I assume you are being facetious here but I'll answer anyway. I am referring to the '34 Peace. I would consider everything on it to be normal bag marks. The wheat cent in the OP is scratched, although minor.

    Collector, occasional seller

  • CatbertCatbert Posts: 7,116 ✭✭✭✭✭

    No, I wasn't being so, Chris - was confused by the quote and figured it out by your comment on the G! :)

    Believe me, you are at a disadvantage with the TV pic only vs my in hand view. The cheek scratch is fairly deep and with the right tilt, it is prominent.

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • ChrisH821ChrisH821 Posts: 6,483 ✭✭✭✭✭

    @JeffersonFrog said:
    Grading is subjective. PCGS uses a Hewlett Packard 595xr14 Dual Gas Chromatograph with AI to measure the width, length and depth of surface "scratches" when grading a coin. Details, of course, are proprietary, top secret and not our business.

    The coin on the left is a straight-graded coin (MS64); I borrowed the image from eBay. The coin on the right is my coin and is graded Details - Damage (on the obverse). Subjective cuts a wide swath ....

    Where is the damage on that Jefferson? Looks very gemmy from my chair, and I suspect that's why you sent it in.

    Collector, occasional seller

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