Home› U.S. Coin Forum

A dealer had the nerve to call this large cent VF.....

chaze215chaze215 Posts: 1,310
in U.S. Coin Forum
What do you think? I mean, maybe if you take away the corrosion, porousness (is that a word?...lol), rim nicks etc.....

image
Chaz

Proud recipient of Y.S. Award on 07/26/08.

Comments

  • rheddenrhedden Posts: 6,626 ✭✭✭✭✭
    VF=very fugly
  • DoubleEagle59DoubleEagle59 Posts: 8,275 ✭✭✭✭✭
    if you take away the porosity and corrosion, you would have an AU50.

    With all that 'junk', I would net grade it lower than a VF.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • commoncents05commoncents05 Posts: 10,084 ✭✭✭


    << <i>if you take away the porosity and corrosion, you would have an AU50.

    With all that 'junk', I would net grade it lower than a VF. >>



    image

    -Paul
    Many Quality coins for sale at http://www.CommonCentsRareCoins.com
  • cartwheelcartwheel Posts: 845 ✭
    Too bad, but after 100+ years in the ground somewhere, at least it gave someone a thrill to find it.

    Cartwheel
    Cartwheel's Registry Sets

    Cartwheel's Showcase Coins
  • chaze215chaze215 Posts: 1,310


    << <i>VF=very fugly >>



    image


    Chaz

    Proud recipient of Y.S. Award on 07/26/08.
  • Walkerguy21DWalkerguy21D Posts: 11,394 ✭✭✭✭✭
    I also agree with the AU details....as for the net grade or the value, well, that's open to interpretation. Being a common late date, there probably isn't much of a market for it....except maybe a flea market. If it were an early date with that much meat on it, there would be plenty of buyers for it.
    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • gripgrip Posts: 9,962 ✭✭✭✭✭
    With the cost of chemo,your best to re-bury itimage
  • 291fifth291fifth Posts: 24,284 ✭✭✭✭✭
    AU details, heavy corrosion.
    All glory is fleeting.
  • CaptHenwayCaptHenway Posts: 31,997 ✭✭✭✭✭


    << <i>What do you think? I mean, maybe if you take away the corrosion, porousness (is that a word?...lol), rim nicks etc.....
    >>



    The word you were looking for is porosity.
    However, corrosion was more appropriate.
    I would call the coin "AU, heavily corroded." To net grade it as "VF" without addressing the serious problem is greatly misleading, IMHO.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • HTubbsHTubbs Posts: 4,138 ✭✭✭


    << <i>

    << <i>if you take away the porosity and corrosion, you would have an AU50.

    With all that 'junk', I would net grade it lower than a VF. >>



    image

    -Paul >>




    ditto!
  • SonorandesertratSonorandesertrat Posts: 5,695 ✭✭✭✭✭
    At least you learned something about that dealer (i.e., take your business elsewhere).
    Member: EAC, NBS, C4, CWTS, ANA

    RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'

    CJ: 'No one!' [Ain't no angels in the coin biz]
  • chaze215chaze215 Posts: 1,310


    << <i>At least you learned something about that dealer (i.e., take your business elsewhere). >>



    This is not my coin. The person who bought this coin said he agreed with a grade of VF. That was until I told him I would take a few pics of it and then he could decide. Needless to say, he is now in agreement with me and all that have replied to this thread. Just wanted to get some input from some fellow members.
    Chaz

    Proud recipient of Y.S. Award on 07/26/08.
  • PerryHallPerryHall Posts: 45,992 ✭✭✭✭✭
    What would the grade be using EAC standards?image

    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

  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    Were I to have seen that in a dealers' inventory, it would have remained there.

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

  • Walkerguy21DWalkerguy21D Posts: 11,394 ✭✭✭✭✭


    << <i>What would the grade be using EAC standards? >>


    This would be an example of the "scudzy" category in the Copper Quotes by Robinson EAC pricing guide...
    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • notwilightnotwilight Posts: 12,864 ✭✭✭
    there is no formula for net grading. given the strong details under all the surface issues, I certainly wouldn't fault him for calling it VF. but I am not interested in coins like this so I can't tell you what others might do. If I was looking for a VF, this isn't the coin I would buy but I'm sure there is someone who will buy it. --jerry
  • FrankcoinsFrankcoins Posts: 4,569 ✭✭✭


    << <i>

    << <i>At least you learned something about that dealer (i.e., take your business elsewhere). >>



    This is not my coin. The person who bought this coin said he agreed with a grade of VF. That was until I told him I would take a few pics of it and then he could decide. Needless to say, he is now in agreement with me and all that have replied to this thread. Just wanted to get some input from some fellow members. >>



    VF is a reasonable net grade. So do I understand that the seller listed it as VF, the buyer agreed with the grade, and then you butted in and interfered with a satisfactory transaction, and the buyer is now unhappy? Why is it your business?

    PS You would be escorted out of a show or major auction for doing this.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭


    << <i>At least you learned something about that dealer >>

    True enough- you learned that he apparently accounts for flaws in the grade he assigns.

    << <i>(i.e., take your business elsewhere). >>

    Without more info than has been posted, I'm not sure how one comes to that conclusion. But then, that's just me.
  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭
    Nice dug cent!
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭
    I personally doubt that any reputable dealer simply called this coin "VF" with no qualifiers or other explanation.
    Coin Rarities Online
  • PerryHallPerryHall Posts: 45,992 ✭✭✭✭✭


    << <i>

    << <i>What would the grade be using EAC standards? >>


    This would be an example of the "scudzy" category in the Copper Quotes by Robinson EAC pricing guide... >>



    Agree with scudzy but my point is that EAC starts with a details grade and subtract points for problems such as corrosion so a VF grade is actually a fair if not somewhat generous grade.

    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

  • 291fifth291fifth Posts: 24,284 ✭✭✭✭✭
    If buying that coin, which I wouldn't actually want, I would net it to G4. There is no way I would ever consider buying it for VF money.
    All glory is fleeting.
  • Walkerguy21DWalkerguy21D Posts: 11,394 ✭✭✭✭✭
    Yes, I'm well aware of what EAC grading standards are, having dealt with many of the leading EAC dealers in the country while assembling
    my large cent collection image And like any other grading standard, it is inexact. If some the EAC guys were to chime in, you'll probably get varying grade
    assignments (all WELL below AU of coure), just like with any other 'guess the grade' post.
    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • BAJJERFANBAJJERFAN Posts: 31,067 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>At least you learned something about that dealer (i.e., take your business elsewhere). >>



    This is not my coin. The person who bought this coin said he agreed with a grade of VF. That was until I told him I would take a few pics of it and then he could decide. Needless to say, he is now in agreement with me and all that have replied to this thread. Just wanted to get some input from some fellow members. >>



    VF is a reasonable net grade. So do I understand that the seller listed it as VF, the buyer agreed with the grade, and then you butted in and interfered with a satisfactory transaction, and the buyer is now unhappy? Why is it your business?

    PS You would be escorted out of a show or major auction for doing this. >>



    Aren't you being a little presumptuous about conditions under which the OP's opinion was given? Unless one could prove fraud, I wouldn't expect the dealer to take it back if it was a sight seen purchase. Giving a negative opinion of a coin AFTER it has been purchased is hardly interference.
    theknowitalltroll;
  • PTVETTERPTVETTER Posts: 5,927 ✭✭✭✭✭
    I kind of remembering saying to someone that never look at the grade look at the price.

    The grade maybe wrong but the priced right.

    You are buying the coin not the grade at an agreed price!

    Of cource it is always nice to have it all, but then again buying the coin is more important than the grade.

    Agree or Dont agree ?
    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>If buying that coin, which I wouldn't actually want, I would net it to G4. There is no way I would ever consider buying it for VF money. >>



    that's a pretty strong stand for $6. This is one of the most common years of large cents. PCGS lists the difference between G4 and F12 as $6. That is probably optomistic given the common date.

    The rest of the tread is getting pretty excited over nothing also in my opinion. this is a dug AU to MS coin with corrosion on the surfaces. It doesn't fit into ANY grade. You can net grade it all day long. The next guy will do the same. Neither of you are wrong as both are just opinions. If I had a friend who wanted it enough to pay $30 for it and I thought maybe $24 would be a better price, I certainly wouldn't stop him or tell him anything after the sale other than "That coin really has great details."

    --Jerry
  • johnny9434johnny9434 Posts: 28,136 ✭✭✭✭✭
    very fugly, i agree to
  • 09sVDB09sVDB Posts: 2,420 ✭✭✭
    I agree with the consensus. It's an AU but damaged. Net VF20 at best. Not a coin worth owning IMHO.
  • 1798CentCollector1798CentCollector Posts: 736
    The detail is certainly at a high XF to mabe AU level, but the coin is so heavily corroded that it that it only warrants a $5-$10 junk box price at best. There's no point in net grading a common late date variety with severe problems. Of course this would be a totally different story if the coin were a '93 Chain, 93 Liberty Cap. S-48 starred reverse or 1799.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Format
SpoilerCodeQuote
Heading 2Heading 1
Emoji
:):D:(;):/:o:s:p:'(:|B):#:*<3o:)>:)
Url
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file
Home • U.S. Coin ForumComment As ...