A 1940 Jefferson with some Cameo contrast!!

First the pictures of the coin and then the little story thus far. Please excuse the blueish tint, the coin is brilliant with moderate frost and no tone whatsoever.

I purchased the coin in a SEGS holder as a PR64CAM. As with many 1940 Jefferson Proofs, it has noticeable spotting, some appearing as dark carbon specks and some as what takes the appearance of dust on the coin. This may be caused by either strike through or most probably defective planchets/rusted or otherwise damaged dies. I left the coin holdered and sent it to NCS in the hopes that they could remove/reduce some of the spotting and the severe haze which had developed. They returned the coin still in the SEGS capsule, noting that they didn't believe they could "help" it without causing damage to the surfaces. I felt they were cautious since they couldn't guarantee the coin would holder at the same grade.
I subsequently took the coin to a show and had others look at it to get some feedback and the prevailing opinion was PVC damage that had gone too far, irrepairably etching the surface. I waited awhile for my internal thought processing to make a decision
and figured it was a no-lose proposition to crack the coin and see if I could do anything.
First off, I let it sit in a dish of acetone for more than a day with no noticeable change. I then dipped it in a 50/50 solution of E-Z-EST and distilled water, followed by a rinse in 91% alcohol, distilled water and once more in acetone. A nice blow dry and two weeks on a diaper with daily turning yielded the coin as it appears in the pictures. I shot it straight on with no manipulating accept sizing for upload. As you can see, the haze has been completely removed with no apparent damage to the coin. Held at the proper angle the specks on the surface vanish, but I wanted them to be visible to give an impression of what the surfaces really look like. The carbon spotting was most prevalent on the obverse and now is barely discernible with the naked eye. The strike is quite good with all steps showing and no post-strike contact marks.
I'll take the coin to F.U.N. for some further evaluation before I decide what I should do with it. Between ANACS, PCGS, NGC and Forum members i think I should get some good input about chances of holdering, chances of CAM designation and the grade. Not knowing how they view the Cameo from these early years and the spotting accepted as normal for the issue, I see PCGS being at PR64 and NGC being at PR65CAM.
Please share your thoughts and opinions. Thanks to all.
Al H.
I purchased the coin in a SEGS holder as a PR64CAM. As with many 1940 Jefferson Proofs, it has noticeable spotting, some appearing as dark carbon specks and some as what takes the appearance of dust on the coin. This may be caused by either strike through or most probably defective planchets/rusted or otherwise damaged dies. I left the coin holdered and sent it to NCS in the hopes that they could remove/reduce some of the spotting and the severe haze which had developed. They returned the coin still in the SEGS capsule, noting that they didn't believe they could "help" it without causing damage to the surfaces. I felt they were cautious since they couldn't guarantee the coin would holder at the same grade.
I subsequently took the coin to a show and had others look at it to get some feedback and the prevailing opinion was PVC damage that had gone too far, irrepairably etching the surface. I waited awhile for my internal thought processing to make a decision

First off, I let it sit in a dish of acetone for more than a day with no noticeable change. I then dipped it in a 50/50 solution of E-Z-EST and distilled water, followed by a rinse in 91% alcohol, distilled water and once more in acetone. A nice blow dry and two weeks on a diaper with daily turning yielded the coin as it appears in the pictures. I shot it straight on with no manipulating accept sizing for upload. As you can see, the haze has been completely removed with no apparent damage to the coin. Held at the proper angle the specks on the surface vanish, but I wanted them to be visible to give an impression of what the surfaces really look like. The carbon spotting was most prevalent on the obverse and now is barely discernible with the naked eye. The strike is quite good with all steps showing and no post-strike contact marks.
I'll take the coin to F.U.N. for some further evaluation before I decide what I should do with it. Between ANACS, PCGS, NGC and Forum members i think I should get some good input about chances of holdering, chances of CAM designation and the grade. Not knowing how they view the Cameo from these early years and the spotting accepted as normal for the issue, I see PCGS being at PR64 and NGC being at PR65CAM.
Please share your thoughts and opinions. Thanks to all.
Al H.

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Comments
The Ludlow Brilliant Collection (1938-64)
Holder the coin by PCGS and take the 64 maybe shot 65.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
We ARE watching you.
i realize that, but you know how it is when you're in the Registry game-for-fame and it comes down to buying insert points!!
al h.
Got rid of all the haze.
We ARE watching you.
Keep us updated on the FUN conclusions.
mark
Capped Bust Half Series
Capped Bust Half Dime Series