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And as a result, the market for world coins is...

JZraritiesJZrarities Posts: 2,583 ✭✭✭
in World & Ancient Coins Forum
"And as a result, the market for world coins is apparently stronger than it has ever been. Ever.

Finito. "

CRO Report Day 3

John and Dave,
Thank you for the Great Report.
I always thoroughly enjoy reading it.

Comments

  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    I'd have to agree !!!

    Heritage has a nice group of 1866-1868 Hong Kong Victoria Half $ & Dollars in "affordable" AU grades calling out to me.... but wouldn't you know it.... I'm broke <sigh>

    Wish they offered a lay-a-way image
  • coinkatcoinkat Posts: 23,836 ✭✭✭✭✭
    The world is just catching up and folks in the US are just getting a taste of what rarity really means in the New World of Numismatics that extends beyond borders

    Experience the World through Numismatics...it's more than you can imagine.

  • 1960NYGiants1960NYGiants Posts: 3,532 ✭✭✭✭


    << <i>The world is just catching up and folks in the US are just getting a taste of what rarity really means in the New World of Numismatics that extends beyond borders >>



    Not to mention how cheap the $ is now. Some of the "Milennia" coins went for HUGE $$$$$$!
    Gene

    Life member #369 of the Royal Canadian Numismatic Association
    Member of Canadian Association of Token Collectors

    Collector of:
    Canadian coins and pre-confederation tokens
    Darkside proof/mint sets dated 1960
    My Ebay
  • MacCrimmonMacCrimmon Posts: 7,058 ✭✭✭
    "Lot #1091, the 1749 Pillar Dollar in an NGC MS66 holder, hammered down for $14,000. If that coin was offered to us raw we would have passed on it since it was bright white and had prominent adjustment marks, and graded it about MS62. But that's not what the plastic said, and the bidding followed suit." - CRO

    Funny that I reviewed this coin for a client and had the exact same opinion.....dipped and stripped. image
  • DoogyDoogy Posts: 4,508 ✭


    << <i>"Lot #1091, the 1749 Pillar Dollar in an NGC MS66 holder, hammered down for $14,000. If that coin was offered to us raw we would have passed on it since it was bright white and had prominent adjustment marks, and graded it about MS62. But that's not what the plastic said, and the bidding followed suit." - CRO

    Funny that I reviewed this coin for a client and had the exact same opinion.....dipped and stripped. image >>



    too bad too. a lot of old classic US stuff suffered the same fate (Bust material and before). Unfortunately the grading services almost encourage this unnatural look by rewarding people with higher grades for dipping and stripping. sad.

  • RareSovRareSov Posts: 299 ✭
    Can you really be sure though ? I noticed recently NGC introduced a STRICT no doctored coins policy. If you send doctored coins to them, I would strongly advise not to do so anymore !
  • LynchLynch Posts: 299


    << <i>"Lot #1091, the 1749 Pillar Dollar in an NGC MS66 holder, hammered down for $14,000. If that coin was offered to us raw we would have passed on it since it was bright white and had prominent adjustment marks, and graded it about MS62. But that's not what the plastic said, and the bidding followed suit." - CRO

    Funny that I reviewed this coin for a client and had the exact same opinion.....dipped and stripped. image >>



    Looks like a decent coin to me, although I'm not sure I'd want to be in it for much more than the upper estimate, let alone $16,675 ($14,500 plus the juice).

    But forgetting about the imperfections and the purported grade, how many better ones have you seen?
    "Think of the Press as a great keyboard on which the Government can play" – Joseph Goebbels

    "The Central Intelligence Agency owns everyone of any significance in the major media" - William Colby, former CIA director
  • coinkatcoinkat Posts: 23,836 ✭✭✭✭✭
    I have argued for an original surfaces designation for years... mostly on the lite side forum. Unfortunately, little people like me really do not have much weight in the development of what should and should not be considered by TPG... its quite pathetic to see the same issue surface every week with different coins that have mostly been rewarded with inappropriate grades.

    Experience the World through Numismatics...it's more than you can imagine.

  • 7Jaguars7Jaguars Posts: 7,741 ✭✭✭✭✭
    I just don't believe "N" and the no-doctoring thing, unless they mean filled, glued, plugged, etc. because simple acetone cleaning or even some dipping will much more than likely get by would be my guess.

    As to the market, it was great to see the excitement of the recent Milennia Sale, but think these prices do not exactly reflect the market & only the general trend upward of quality material; I do believe there to have been an "Hollywood Effect" to these prices....
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • DoogyDoogy Posts: 4,508 ✭


    << <i>I just don't believe "N" and the no-doctoring thing, unless they mean filled, glued, plugged, etc. because simple acetone cleaning or even some dipping will much more than likely get by would be my guess.

    As to the market, it was great to see the excitement of the recent Milennia Sale, but think these prices do not exactly reflect the market & only the general trend upward of quality material; I do believe there to have been an "Hollywood Effect" to these prices.... >>



    the no-doctoring thing that was put out (first by NGC, followed a few days later by PCGS almost in the same exact terms) applies to obviously blatant and harmful doctoring: AT, puttying, whizzing, lasering, etc.
    both PCGS and NGC have always, and probably will always turn a blind eye to dipping and in fact, both reward dipping quite frequently with higher grades when it brings out the luster. It has long been said from guys on the US forum that the best way to get your US coin upgraded on a cross over, is to crack out the PQ NGC coins, dip them, and submit to PCGS. this won't change anytime in the near future.

    I too like original surfaces, but the services don't see this like we do.

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