PSGS Graded Authentic-98 Damaged ( I have questions) !!

Shakesphere101

First off thank you for any help given on this subject. (This is my first post by the way)
Backstory; I bought a set of seven gold coins that were labeled the liberty set in an auction, they were given to the seller who was in her senior years, as a graduation present in 1959 from her grandparents. her grandfather was the manager of The Lake Wales State Bank in Florida (one of the only banks in town to survive the depression and is still there) all seven coins were gold and the oldest one was 1836 and the youngest one was 1908, but the highlight of the set was a $20 1907 double eagle / Roman numerals/ wire rim . Here are pictures of it below. I sent it in to be graded, there are two small sections
on the side that was damaged but the way that it was damaged, it’s of my belief that it was done while it was being made. I say this, because the obverse and reverse of the coin is marr free and absolutely perfect. It’s just the damage where the rim is at , possibly done when being made while the coin would’ve been softer and malleable in order for this damage to happen. But I could be wrong - I’m asking for advice and any insight… I’m wondering how do I get a grade on a coin that is already rare and historically valuable and now I feel like it’s labeled and I don’t know how to insure it when I cant value it based on the PCGS assessment.

Thank you !

C. A. T.

ifthevamzarockin

Welcome to the forum!

Post mint damage (PMD)

Still a very nice coin to have.

IkesT

Coin appears to be correctly labeled as damaged (meaning post mint damage and not as made). To value the coin, you can start by searching past auction records for other "AU details" examples like yours. The backstory might add interest but doesn't add value to the coin.

WAYNEAS

@Shakesphere101

Gold is always nice to have no matter what the condition.
Welcome aboard.
Wayne

Shakesphere101

Thank you both for the kind welcome and for your insight and help..
So the way that it’s labeled implies that it is
PMD? I was thinking they would have added it to the title.. So if it was damaged after being minted, would it be called; AMD ? I apologize if it seems like a silly question, but it was my first time submitting anything to be graded.

I would agree with you on the coin, it has a very fascinating history. And it has made a huge impression on me! I was lucky to stumble upon the auction when I did and they were my first gold purchase..

I’m adding a picture of the seven of them together in the holder that they came in because I’ve never seen a holder like it before And wanted to ask if anyone has run across this type of Holder before. Thank you again !!

Shakesphere101

WAYNEAS

How about a picture of the flip side?
I too have never seen this type of holder.
Wayne

Shakesphere101

Here is a picture of the back.!!!

Shakesphere101

Greenstang

Nice looking set, never seen that before.
To answer your question, that is damage that occurred after the coin was struck.
Looks like it has been dropped or the edge was struck to slightly flatten it. This could not have
happened while it was in the coining press. It had to happen after it was ejected.

WAYNEAS

Thanks.
Wayne

You

@Shakesphere101 said:
Thank you both for the kind welcome and for your insight and help..
So the way that it’s labeled implies that it is
PMD? I was thinking they would have added it to the title.. So if it was damaged after being minted, would it be called; AMD ? I apologize if it seems like a silly question, but it was my first time submitting anything to be graded.

I would agree with you on the coin, it has a very fascinating history. And it has made a huge impression on me! I was lucky to stumble upon the auction when I did and they were my first gold purchase..

I’m adding a picture of the seven of them together in the holder that they came in because I’ve never seen a holder like it before And wanted to ask if anyone has run across this type of Holder before. Thank you again !!

PMD stands for Post-Mint Damage, meaning the damage occurred after minting.

Namvet69

Welcome. Great set, interesting custom holder. Maybe create a note on the familial historic relevance and/or the auction catalogue page, include with the set. Peace Roy