PCGS grades repaired coins now?

Tonelover

Edited for security purposes!

Placid

I wonder what the odds are that it was mentioned when it was submitted to pcgs?
Maybe it just was such a good repair job that pcgs just didn't catch it.

cacheman

I wouldn't have seen the repair had I not read the description....it is now obvious in the location stated. Give it some time to tone naturally to cover the repair area and it may well not be mentioned. It does seem pretty well documented though and would make it more difficult to "forget" in the future.

EVillageProwler

Folks,

Make no mistake: that Albany specimen is a very nice coin. For one, it has excellent central and peripheral detail. The date and the lower left obv stars tend to be very weakly struck.

Probably over 90% of that date is messed up in some way; there's almost no way for any service to tell, or they'd never slab any of them.

That coin should command at least $90K...

EVP

EVillageProwler

BTW, does anyone here remember the Harry Bass specimen? It ended up being slabbed MS61 by NGC. It sold at that auction for just over $200K, and sold more recently in the Flannagan sale (Bowers, 11/01). That specimen was likely to have been repaired in the lower left, by the rim and the stars.

EVP

agentjim007

Most Bust Dollars in PCGS/NGC holders have some degree of cleaning. Enough that if they were any other series they would be bagged. I am not surprised they slabbed this coin and my guess is that they knew about the repair. I have found the best service for buying Bust Dollars is ANACS (surprise!). Anacs nets the coins PCGS/NGC slabs. ANACS will usually sell based on the net grade and if you pick out decent ANACS nets PCGS/NGC will slab them, I've seen it for myself.

EVillageProwler

Jim,

I agree with you that ANACS does an excellent job with Early Dollars. Definitely better than PCGS, and probably better than NGC and ICG. The problem is that I can't stand their holders... And, I don't care about the holder when I assess Early Dollars.

EVP

michael

great comments as per the above!!!!!!!!! for me most all 1794 dollars and the certified ones are all cleaned repaired damaged etc. etc.

i think that when this coin was slabbed either pcgs missed it the repair

or
it
is so well done and that this coin is still worth the price it brings because of the date and the way this coin comes usually with major problems that the market accepts this with the 1794 dollar so it is graded and slabbed whereas most other coins this would be totally unaccpetable .......
but who knows as which one the above is!

and heritage is just protecting itself by telling this information so that a potential buyer who doesnot know of this repair will now know and with this knowledge if he buys the coin then there is no recourse for b1tching screaming yelling............ refund as the repair was fully disclosed

sincerely michael

sincerely michael

gmarguli

There is a territorial gold piece that was recently auctioned. Even though the coin was slabbed by PCGS the company auctioning the coin listed the problems. I'm positive that tooling was one of the problems. I think the coin was also cleaned (polished?), whizzed, and more. Maybe others remember more details about this coin.

PCGS slabbed the coin because it was super rare.

jom

This is just another example of where is doesn't matter a hoot what was done to a coin. If you like it, buy it. Period. Appearently, many people LIKE this one and are willing to pay big dough for it. It's so popular PCGS is even willing to slab it.

jom

dorkkarl

it's about freaking time that somebody realized that gee, pcgs'll grade repaired coins too. i got slammed once on this forum for stating just that. this is by no means the first repaired coin to get in plastic.

but does it all really matter???

ITS A 1794 DOLLAR for chrissake! i wouldn't care if it was cut in half and glued back together, i'd buy that puppy in an instant. bottom line on this one is, it has choice XF detail and looks nice, but they net-graded it (gee, pcgs net-grades coins?) appropriately.

but i do wish they would do like ANACS and mention the repair on the slab. one of those q&a forum things, i guess.

K S