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Somebody is going to get burned buying an artificially frosted coin on Teletrade.

RussRuss Posts: 48,514 ✭✭✭
in U.S. Coin Forum
This Accented Hair (graded PR67CAM) is listed on Teletrade right now:

image

So far it's bid up to $300. This coin sold once before and was apparently returned. I wish it would have been returned to PCGS instead, so it'd be off the market.

Here's the auction.

Russ, NCNE
eBay consignment sales | | Collectibles from Resco CCC

Comments

  • MyqqyMyqqy Posts: 9,777 ✭
    Yuck!! That coin looks like crap!! image Why would anybody bid $300 on a coin like that??
    My style is impetuous, my defense is impregnable !
  • RGLRGL Posts: 3,784 ✭
    Sloppy job at that ... you really have to be a newbie to miss that one...
    The Ludlow Collection (DCAM/CAM)
    The Ludlow Brilliant Collection (1938-64)

    image
  • wildjagwildjag Posts: 1,335 ✭✭✭

    Would dipping this coin help it?
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>Why would anybody bid $300 on a coin like that?? >>



    I'd guess it's because they don't realize it's been artificially frosted and are bidding based on the value of a real PR67CAM. In reality, this is about a $40 coin - if it still grades PR67 after the frosting is removed.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>Would dipping this coin help it? >>



    In most cases, yes, the fake frost can be dipped off.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • UnimentalUnimental Posts: 244
    If I were in the market for a high-grade AH Jack, I'd PM you Russ. No corny auctions for me... I'd rather get it from the source. image
    You shout in your sleep.
    Perhaps the price is just too steep.
    Is your conscience at rest if once put to the test?
    You awake with a start to just the beating of your heart.
    Just one man beneath the sky,
    Just two ears, just two eyes.
  • PlacidPlacid Posts: 11,299 ✭✭✭
    How do these get past the pcgs graders image
  • goldrush00013goldrush00013 Posts: 2,478 ✭


    How are the coins frosted?
    Analog Rules! Knobs and Switches are cool!
    imageimage
  • RGLRGL Posts: 3,784 ✭
    How do these get past the graders? Five to 10 seconds a coin, that's why ...
    The Ludlow Collection (DCAM/CAM)
    The Ludlow Brilliant Collection (1938-64)

    image
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>How do these get past the pcgs graders >>



    The hazzards of five second grading. They don't look this crappy when first frosted, though, so it wouldn't have been this obvious when it hit the grading room. I'd also note that they get past Teletrade and also Heritage, even after they turn like this.



    << <i>How are the coins frosted? >>



    Not sure, but I've heard that one method is bleach.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • DHeathDHeath Posts: 8,472 ✭✭✭
    That's not a coin collectors coin. It's a business person's coin. If it could be purchased for less than the holder's market value, it makes money as a grade guaranty coin. If it turned on the submitter, perhaps a shill is buying it to take advantage of the guaranty. It doesn't look like the magnesium paint kind, or the Nick-a-date kind. It looks more like a sloppy ammonia or bleach job as Russ suggested.
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • K6AZK6AZ Posts: 9,295 ✭
    Are you sure this is only the second time around for this coin? Seems to me that I have seen it at least two times before.
  • BoomBoom Posts: 10,165 ✭
    NOW, you tell me!image
    Boom's Retired Registry Set & Boom's Retired Variety Set
    image
  • wildjagwildjag Posts: 1,335 ✭✭✭

    Are you the high bidder Boom?? image
  • RussRuss Posts: 48,514 ✭✭✭
    Eric,

    Checking my tracking, I just found one other time when this example was listed, so this is at least it's third time through.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • K6AZK6AZ Posts: 9,295 ✭
    That's what I thought. Someone needs to get this piece of garbage and send it to PCGS to take it off the market.
  • RussRuss Posts: 48,514 ✭✭✭
    Ended up closing at $360, which is above current market. So, if somebody was picking it off for grade guarantee purposes, they're going to be disappointed. It'll be interesting to see if it gets listed again. If it does, I'm going to call Teletrade and give them a heads up.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • BoomBoom Posts: 10,165 ✭
    NO, widjag-just joshing you. I have a few PR69 DCAM,s-that all. I wouldn't fall for that after

    seeing the real McCoy in Russ' icon everyday. I'm not that interested in them anyway!

    I DO like the Black / Mirror fields though!image Look at Russ' icon compared to that......."thing". I

    can't believe that it got past the graders or that anyone would buy that ugly thing!
    Boom's Retired Registry Set & Boom's Retired Variety Set
    image
  • TheDonTheDon Posts: 14
    We all know the popular phrase "One man's garbage..." I' m not suprised at the price paid. It's not the first, and definitely won't be the last of it's kind.
  • GoldCoinLoverGoldCoinLover Posts: 1,244


    << <i>This Accented Hair (graded PR67CAM) is listed on Teletrade right now:

    image

    So far it's bid up to $300. This coin sold once before and was apparently returned. I wish it would have been returned to PCGS instead, so it'd be off the market.

    Here's the auction.

    Russ, NCNE >>



    Besides the white color in the fields, I think the coin was artifically toned well. I didn't mention anything strange about the frost until someone mentioned it.
  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    I believe an acid base compound such as nick a date could produce the frosting one sees here, If i recall a docs statement correctly image
    image

    Go BIG or GO HOME. ©Bill
  • nwcsnwcs Posts: 13,386 ✭✭✭
    I've also heard that asthma medication can produce frosting. And aluminum dust.
    Blog and Pics
  • DHeathDHeath Posts: 8,472 ✭✭✭
    The mint used to use a 5% nitric acid/95% alcohol solution to etch the die. In a Sept 1, 2003 Coinworld article, Ron Harrigal (the Mint's assistant director of design, research and development) said the mint was experimenting with lasers, and that the result was very difficult to differentiate from conventional grit-blasting. Co2 laser equipment is currently used to etch designs onto glass. Most are controlled in software and require simply putting the item to be etched into the "laser printer" and loading the graphic (mask) into the computer. I expect anyone truly dedicated to black arts could pretty easily create chaos in the hobby. The laser equipment is available on the web for less than $10k. Soon enough, I expect the services will have to meet the challenge. JMO
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor

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