Based solely on the images, the piece doesn't even appraoch RD color. If the images are indeed accurate, the coin has most likley turned/changed color in the holder. I can't even imagine PCGS certifying it as RD if it looked like that at the time of encapsulation.
You can see an ever-so-subtle red in the most protected areas of the coin. It is either a mistake on PCGS' part or, as COINGUY1 said, turned in the holder.
This same coin recently sold in Heritage's Long Beach sale. Their image is a tad brighter, and probably still on the dark side. But their description sure makes its sound RB and not a RD.
odd, but looks a little more reddish in heritage's scan. but 1st they describe a glossy "brown" patina. why not just come out & say "pcgs gave the coin the wrong grade"? did heritage agree or disagree?
coinguy: That would amaze me if the coin turned so quickly in that holder. That holder is not very old at all. Unless....... see the comment below.
That coin looks like it could have been badly doctored and is now reverting back to its brown state. I don't see ANY luster in the Heritage auction pics matching its supposed red or even red/brown status. This is my speculation. JMHO
oreville, it's also possible that this was a "mechanical error" on the part of PCGS and that the coin inadvertently received the incorrect color designation.
coinguy: I agree 100% with you. I don't even see enough red for a RB. Unless they compromised and lowered the grade to a 63 in return for giving it a RB. I hate that subtle sort of net grading that does indeed exist.
I also agree that the coin somehow slipped into a RD slab, and it's probably a low % RB. The interesting thing is the price realized at Long Beach. It sold higher than your typical 63RB and doesn't seem to merit that. Coins sell on their own merits but the label sure has a way of giving them a nice boost.
<< <i>KS - Why buy a coin when you know, before the fact that you will need to mess with the PCGS guarantee? >>
mark, i thought it might be a money maker. wouldn't it be if you could get the coin for "BR" money, then collect the difference for the grade discrepancy covered by the guarantee? ie. lets say
(1) i buy the coin for $2000 (2) ms-63 RD is worth $3000 (3) ms-63 BN is worth $1500
wouldn't pcgs have to give me $1500, meaning i bought the coin for a net $500? (i used "made up" numbers, i don't really know the value of this coin in various grades)
K.S. - I don't believe the guarantee works that way. The buyer, most likley, would be made whole but would not be placed in a profit position. Let's be fair to PCGS here!
If the scan is at all accurate, there's no way that this is a Red coin. Even if it is the spot on the obervse field and darkness on Lincoln's cheekbone and beard would make it pretty unattractive, especially if is really is red.
Color is a big deal on this coin. The price difference between Red, and R&B and Brown is huge.
The most unusual and best buy that I ever handled for a '55 doubled die was a PCGS MS-62, Red coin that I sold six or seven years ago for a bit less than $2,000. The one in my collection is a Raw, AU-58 which has about as much red on it as this coin, and I'd sooner own my piece than this one.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Lazeroo -- can't get your image to come up, but would love to see it!
Silverandvinyl -- It's impossible to judge RB coppers online unless they're imaged well, like this 65RB Pinnacle sold a while back. Many degrees of red fall into this class. Rick Montgomery explained PCGS's standards for these in this thread.
Both the Ebay and Heritage pics are very dark:
Here are two other Heritage pics of MS63RBs, the first the highest % red I could find, the second even darker than this Ebay coin:
As you can see, when you're dealing with small, dark images the difference in high end RB and low end RB is judged in small increments!
Comments
Based solely on the images, the piece doesn't even appraoch RD color. If the images are indeed accurate, the coin has most likley turned/changed color in the holder. I can't even imagine PCGS certifying it as RD if it looked like that at the time of encapsulation.
K S
Tom
K S
K S
JJuusstt mmyy ttwwoo cceennttss
Cheers,
Bob
KS - Why buy a coin when you know, before the fact that you will need to mess with the PCGS guarantee?
That coin looks like it could have been badly doctored and is now reverting back to its brown state. I don't see ANY luster in the Heritage auction pics matching its supposed red or even red/brown status. This is my speculation. JMHO
Prooflike - PCGS does "guarantee" copper.
<< <i>KS - Why buy a coin when you know, before the fact that you will need to mess with the PCGS guarantee? >>
mark, i thought it might be a money maker. wouldn't it be if you could get the coin for "BR" money, then collect the difference for the grade discrepancy covered by the guarantee? ie. lets say
(1) i buy the coin for $2000
(2) ms-63 RD is worth $3000
(3) ms-63 BN is worth $1500
wouldn't pcgs have to give me $1500, meaning i bought the coin for a net $500? (i used "made up" numbers, i don't really know the value of this coin in various grades)
K S
K S
Color is a big deal on this coin. The price difference between Red, and R&B and Brown is huge.
The most unusual and best buy that I ever handled for a '55 doubled die was a PCGS MS-62, Red coin that I sold six or seven years ago for a bit less than $2,000. The one in my collection is a Raw, AU-58 which has about as much red on it as this coin, and I'd sooner own my piece than this one.
now this is what a 5500$ 63 rd dd looks like.
i'm a loser! sheeesh it took me 5 minutes to figure out how to add the picture.
the cent has some real light blue toning above the date and looks like it might make an ms64 on another day .
rob.
Silverandvinyl -- It's impossible to judge RB coppers online unless they're imaged well, like this 65RB Pinnacle sold a while back. Many degrees of red fall into this class. Rick Montgomery explained PCGS's standards for these in this thread.
Both the Ebay and Heritage pics are very dark:
Here are two other Heritage pics of MS63RBs, the first the highest % red I could find, the second even darker than this Ebay coin:
As you can see, when you're dealing with small, dark images the difference in high end RB and low end RB is judged in small increments!
rob.