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Rim nicks...would it take a grade from a coin or more?

Thank You.

Comments

  • jmj3esqjmj3esq Posts: 5,421
    This rim nick got me a no grade body bag. Im still pissed:

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  • Yeah, I would be pissed too!
  • BillJonesBillJones Posts: 34,758 ✭✭✭✭✭
    Yea, in a way I think you did get stiffed, at least by the guy who sold you the coin.

    Sadly the tiny abrasion on the letter “N” might be a give away that there was a rim bump there than a coin doctor filed off. Filed rims will give you a body every time if they catch it.

    Other than than the mark on the rim looks like a natural planchet flaw, which should not rate a body bag.

    The rule of thumb used to be that a minor rim nick or bump took the coin down one grade in the circulated grades. In this case it would have knocked this coin down to an MS-60. I imaging that's what ANACS would net grade it.
    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 ... ?
  • jmj3esqjmj3esq Posts: 5,421
    I was fully aware of the nick before buying it. I didn't think it was enough for a body bag. Im with you, upon magnification it appears like the nick could actually be a planchet flaw of some sort. All I no for certain is that it was sent back to me from PCGS in a body bag labeled "Scratch/Rim nick".
  • BillJonesBillJones Posts: 34,758 ✭✭✭✭✭
    I had a similar situation with a 1911-D $2.50 gold coin I purchased years ago. The coin is basically a very Choice AU, but there is light abrasion behind the eagle's tail feathers on the reverse that can only be seen with a 10X glass at certain angles. I saw it back in 1988 and though nothing of it. After the coin was not Mint State.

    But when I sent it in for grading, back it comes from NGC with "improperly cleaned" on it. image I won’t be totally pissed except for the fact that I’ve been looking at some of the 1911-D coins that NGC HAS put into AU holders. The last one I saw had a nasty rim nick on the obverse that was partially hidden by the slab. In addition it had gotten the NCS stripping treatment that had totally removed the original surfaces and left the coin looking like it had been cleaned with Brasso. image

    I'd love to shove both coins into the faces of the NGC graders and tell them to go to hell. The coin that got NCS'd goes into their holder when it should have gone into a body bag. Sometimes the best thing you can say about people who pass themselves off as coin graders is that they are dumber than a bag of hammers and more arrogant than a pumped up government bureaucrat. The worst thing you can say about them is that they are dishonest because sometimes I think that BIG customers do get special treatment. image
    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 ... ?

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