What is going on with the surface of this Double Eagle?
silvergold3412
Posts: 3 ✭
It almost looks like a film on part of the coin. I've never seen gold do this, but the coin was graded MS64+.
Tagged:
1
Answers
Putty
It's up for sale on Heritage Auctions right now. I'm surprised they would let a puddied coin go to auction without any disclaimer.
You got a question, you ask the 8 ball.
Is there puddy on that DE?
Puddy says all signs point to yes.
Feel sorry for any buyer….
It absolutely appears to be putty.
In honor of the memory of Cpl. Michael E. Thompson
Alot of times, it's not worth the time and effort for a common date lib in 64, though this one actually looks particularly nice for gthe grade and it would probably clean up nice. Often times, the putty was applied overzealously for some very typical hairlines that wouldnt have affected the grade much at all. Since they largely trade as bullion anyway, it's just one of those things where a minor discount is factored into the price and everyone just moves along.
Founder- Peak Rarities
Website
Instagram
Facebook
@MarkFeld You may want to let Heritage know about this issue and suggest they conserve and reslab this coin or at least warn bidders that this coin has been puttied.
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
@PerryHall Those look like HA photos
Founder- Peak Rarities
Website
Instagram
Facebook
Thanks. I edited my post.
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
Thank you for bringing this to my attention. I let Heritage know about the issue and the lot has been withdrawn from the sale.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Thanks everyone. It is disappointing given this coin appears better than most MS64s.
It absolutely appears to be putty.> @silvergold3412 said:
It likely wouldn't look better than most MS64 examples if putty had not been applied in the first place.
In honor of the memory of Cpl. Michael E. Thompson
Coins are usually puttied to hide something detrimental to the coin's grade such as hairline scratches so it may be downgraded once the putty is removed and an unobstructed examination of the coin's surfaces can be made.
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