Would you if you could?
tradedollarnut
Posts: 20,162 ✭✭✭✭✭
Mr Dexter owned a Class I ['original'] 1804 dollar. He [probably] placed his mark on the reverse in one of the clouds above the eagle's head - a tiny little D. It's my belief that this mark is ignored when grading the coin. Since it didn't cost Mr Dexter a dime to make his mark forever, I ask: Would you do the same?
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I cant see my self doing that. I hate when i see nice coins damaged with initials and script.
with identifying marks and it's not impossible that at some point someone might consider
the coins collectible.
I have seen otherwise good coins with such marks but it ruins them to me.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
> Dexter probably did that to help retrieve the coins if ever stolen.
Like a coin with so few examples as that needs a special identifier. Any number of experts could pick out 1 1804 from another.
-KHayse
It's usually better to use a die punch and hammer your initials on the coin. That way everyone knows it's yours.
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since 8/1/6
I always considered myself a temporary caretaker of my coins - its not important to me that I be identified somewhere in the pedigree chain or recognized as a previous owner or anything like that -
I just hope not to screw them up somehow while they're in my care.
Check out some of my 1794 Large Cents on www.coingallery.org
<< <i>Mr Dexter owned a Class I ['original'] 1804 dollar. He [probably] placed his mark on the reverse in one of the clouds above the eagle's head - a tiny little D. It's my belief that this mark is ignored when grading the coin. Since it didn't cost Mr Dexter a dime to make his mark forever, I ask: Would you do the same? >>
I don't think I like Mr Dexter for doing that. Unless of course, Mr. Dexter worked at the mint and did this in 1804. Seems like this would devalue the coin greatly to me. I don't think any reputable grader would ignore such a mark. I don't know of a grading service or guide that lists "tiny little D on the reverse above eagles's head" as part of a grade standard involving an 1804 dollar.
Edited for emphasis.
USMC Veteran 1981-1992
Cold War Veteran
It's truly funny, no make that truly sad, that people in this day and age are so wrapped up in their own little world that they refuse to try and teach someone else the correct or accepted way of doing things.
<< <i>I don't think I like Mr Dexter for doing that. Unless of course, Mr. Dexter worked at the mint and did this in 1804. Seems like this would devalue the coin greatly to me. I don't think any reputable grader would ignore such a mark. I don't know of a grading service or guide that lists "tiny little D on the reverse above eagles's head" as part of a grade standard involving an 1804 dollar. >>
Dexter never worked at the mint, the coin couldn't have been marked in 1804 as it didn't exist until 1834, reputable graers DO ignore the mark as the Dexter specimen is curently slabbed as a PF-64 by PCGS.
David
NEVER - just a temporary steward here.
Best,
Billy
<< <i>
<< <i>I don't think I like Mr Dexter for doing that. Unless of course, Mr. Dexter worked at the mint and did this in 1804. Seems like this would devalue the coin greatly to me. I don't think any reputable grader would ignore such a mark. I don't know of a grading service or guide that lists "tiny little D on the reverse above eagles's head" as part of a grade standard involving an 1804 dollar. >>
Dexter never worked at the mint, the coin couldn't have been marked in 1804 as it didn't exist until 1834, reputable graers DO ignore the mark as the Dexter specimen is curently slabbed as a PF-64 by PCGS. >>
Well, I'm just gonna run out to the garage and get my roto tool and start putting lil catfishy marks on my whole collection now. No wait, I am already in my garage. It must be a mighty minute mark to be ignored. It was late and I was sleepy or I woulda caught the restrike reference.
Obviously, it wasn't slabbed when Mr. Dexter owned it or first got it. Was this coin submitted as a "test" to trip up graders at PCGS? I'm still not very fond of the idea of gouging marks into a collectable. If you're that afraid of theft, well, that's why there are safe deposit boxes.
Edited due to FFS <Fat Finger Syndrome>
USMC Veteran 1981-1992
Cold War Veteran
It's truly funny, no make that truly sad, that people in this day and age are so wrapped up in their own little world that they refuse to try and teach someone else the correct or accepted way of doing things.
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.
<< <i>Obviously, it wasn't slabbed when Mr. Dexter owned it or first got it. Was this coin submitted as a "test" to trip up graders at PCGS? >>
No Dexter owned it, I believe back in the 1880's, well before slabbing. But this coin would hardly be a sitable "test" for the graders since every 1804 dollar is well known an I'm sure it was recognized as soon as it was seen. But it IS an 1804 so standard rules went out the window. If it had been any other date dollar it would have been bodybagged for the punch mark. As an 1804 it got a PF-64. (I've only seen it in person once and at that time I felt it was a harshly cleaned PF-45. The toning was unattractive and it was badly hairlined. So it should have been bagged twice over)
Jim