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How did this coin make it into a slab?

DeusExMachinaDeusExMachina Posts: 1,325 ✭
in U.S. Coin Forum
1838-C $2.50

Can someone help me out here? How did this coin get into a top tier slab with all those marks or planchet flaws? The obverse looks worse but the reverse has numerous ticks or marks. How did this coin not make it into an altered surfaces "holder"?




"We notice a mark in the field near star 2."

No kidding.....

Comments

  • lkeneficlkenefic Posts: 8,595 ✭✭✭✭✭
    ...in a word..."Charlotte"

    in two words..."Southern Gold"
    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    We noticed that the Grand Canyon almost swallowed star #2... Reverse loooks like the Lunar surface...

    What is "what you wish it would read" for 200, Alex.

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • DeusExMachinaDeusExMachina Posts: 1,325 ✭


    << <i>...in a word..."Charlotte"

    in two words..."Southern Gold" >>



    I agree to a certain extent. But this one seems like a stretch to me. Let's just say I've seen nicer coins bagged for much less.
  • lordmarcovanlordmarcovan Posts: 43,894 ✭✭✭✭✭
    I expected to see worse, before I clicked the link.

    But yeah, that's pretty severe. I am sure they didn't have the heart to BB it.

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • lordmarcovanlordmarcovan Posts: 43,894 ✭✭✭✭✭
    Kinda like King Farouk's 1933 Double Eagle getting an MS65, despite Liberty's skinned knee, now that I think of it.

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • seateddimeseateddime Posts: 6,180 ✭✭✭
    that date and nint tell it all
    I seldom check PM's but do check emails often jason@seated.org

    Buying top quality Seated Dimes in Gem BU and Proof.

    Buying great coins - monster eye appeal only.
  • Tyler1924STyler1924S Posts: 1,328
    Here's the way I would prefer to remember it.image
  • pb2ypb2y Posts: 1,461 ✭
    Please--whats wrong with it???????????
    image

  • UncleJoeUncleJoe Posts: 2,551 ✭✭✭
    Altered surfaces? IMO doesn't apply.

    Beat up yes but still worthy of a slab IMO.

    Joe.
  • CharlotteDudeCharlotteDude Posts: 3,168 ✭✭✭✭✭
    Generally, if a mark, even as deep as that one is, appears to have been made unintentionally (i.e. random deep scuff, lamination, or ding [or two], such as on the reverse), the top tier companies will still grade/slab better-date gold. If the mark looks intentional, such as the one in this photo (i.e. like someone took a nail, dug it in, then raked it a millimeter or two), they usually will bodybag the coin. I don't know what this TPG was thinking here when it was graded... it's obvious intentional post production damage to me. Should've been BB'd. At least, this does present an opportunity for someone to pick up a relatively well-preserved example at a "discount", but I couldn't see any serious collector of Charlotte gold wanting a coin like this.

    I could see any given dealer, should the 'lucky' buyer decide to sell in the future, tell that individual that they (the dealer) aren't interested in it because a coin with that kind of damage would be very difficult for them to sell.

    the 'dude
    Got Crust....y gold?
  • coinpicturescoinpictures Posts: 5,345 ✭✭✭
    AU58 my a$$...
    Numismotography

    1/2 Cents

    U.S. Revenue Stamps

    image
  • PerryHallPerryHall Posts: 46,884 ✭✭✭✭✭
    That coin is damaged. If it was in some other slab, you guys would be jumping all over that other grading company. PCGS blew it on this coin.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>That coin is damaged. If it was in some other slab, you guys would be jumping all over that other grading company. PCGS blew it on this coin. >>

    You beat me to it.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    PCGS is somewhat lenient in encapsulating cleaned/damaged/altered better date gold coins. That coin would likely be BBed at NGC.

    Reverse loooks like the Lunar surface...

    The reverse does not bother me much. The planchets for some of these coins are rather crummy.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>PCGS is somewhat lenient in encapsulating cleaned/damaged/altered better date gold coins. That coin would likely be BBed at NGC. >>

    But...but....but....

    Are you spitting out the Kool-Aid so soon after you crossed over? image
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>

    << <i>PCGS is somewhat lenient in encapsulating cleaned/damaged/altered better date gold coins. That coin would likely be BBed at NGC. >>

    But...but....but....

    Are you spitting out the Kool-Aid so soon after you crossed over? image >>



    I'm in it for the cup, not the drink. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • DeusExMachinaDeusExMachina Posts: 1,325 ✭


    << <i>Please--whats wrong with it??????????? >>



    Did you look at the link?

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