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If we want to keep Poking at overgraded coins...

STONESTONE Posts: 15,275 ✭
in U.S. Coin Forum
...then add your findings for "Clearly overgraded coins" listed in their upcoming auction:

My contribution:
1824 Dime, NGC-61!!!

Comments

  • lasvegasteddylasvegasteddy Posts: 10,426 ✭✭✭
    wholly crap...look at that scratch on the obverse too...
    clearly put me in tha way over graded crowd on that piece...image
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • CaptHenwayCaptHenway Posts: 32,673 ✭✭✭✭✭
    Gack!
    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.
  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    Two comments:

    1. I do not think it is fair to blame S-B. They did not grade the coin.

    2. Presumably, none of us have seen the coin in hand, and we are making a judgment based on a photo that is substantially magnified.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • originalisbestoriginalisbest Posts: 5,971 ✭✭✭✭
    Doesn't look out of line for what a 61 should be. It's not a 63 or a 65. My concern would be if there's any wear vs flatness of strike.
  • STONESTONE Posts: 15,275 ✭


    << <i>Doesn't look out of line for what a 61 should be. It's not a 63 or a 65. My concern would be if there's any wear vs flatness of strike. >>


    There is undoubtably wear in the photo. The high points are not only weak struck but show signs of wear.
    At best this should be in a 55 holder
  • lasvegasteddylasvegasteddy Posts: 10,426 ✭✭✭
    if a staple scratch is ok to holder without net grading...image
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭
    Good thread title change.
    Coin Rarities Online
  • STONESTONE Posts: 15,275 ✭


    << <i>Two comments:

    1. I do not think it is fair to blame S-B. They did not grade the coin.

    2. Presumably, none of us have sen the coin in hand, and we are making a judgment based on a photo that is substantially magnified. >>


    No it wasn't. And I apologize to S-B for the ill-willed thread title.

    I just got caught up in the theme of another thread.
  • 2ndCharter2ndCharter Posts: 1,699 ✭✭✭✭✭
    I agree with RYK and other posters. I'm no fan of S-B but, hey, they didn't put the coin in that holder.

    Member ANA, SPMC, SCNA, FUN, CONECA

  • MoldnutMoldnut Posts: 3,113 ✭✭✭✭
    I agree, it looks to be an AU55. I seem to remember seeing this coin in a forum members inventory, maybe he can chime in too.
    Derek

    EAC 6024
  • goldengolden Posts: 9,984 ✭✭✭✭✭
    image
  • capecape Posts: 1,621 ✭
    Who cares.... It still is a nice coin and it will be bid to what people are willing to pay..... plus i'm not sure that what your looking at is....... just a weak strike
    ed rodrigues
  • STONESTONE Posts: 15,275 ✭


    << <i>Who cares.... It still is a nice coin and it will be bid to what people are willing to pay..... plus i'm not sure that what your looking at is....... just a weak strike >>


    It isn't just a weak strike. It's a weak strike with wear as noted from the high points, especially the stars and the hair curls.
  • JustMe2JustMe2 Posts: 180 ✭✭
    How do you tell wear for a weak strike? Would not both cases be missing high point detail?
  • jdillanejdillane Posts: 2,365 ✭✭✭
    While the images strongly suggest rub, I cannot help but wonder if the challenge of grading a coin from an image is in play here.
  • georgiacop50georgiacop50 Posts: 2,909 ✭✭✭✭
    Three words come to mind:
    N G C


    Actually, looks ok for the grade to me....
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    >>>Three words come to mind:
    N G C<<<

    BINGO!! Typical NGC graded coin.

    Personally I wouldn't want it as a 55 with a sratch like that. I would rather have a problem free VF.......wait a minute...I do.image
  • Billet7Billet7 Posts: 4,923 ✭✭✭
    WOW...just WOW!
  • USMoneyloverUSMoneylover Posts: 1,672 ✭✭✭
    While it could possibly be the pictures making it look like wear on the high points, I tend to agree with Winston on this one. My gut tells me it is wear on the cap, nose and on the hair curls. I wouldn't purchase it as an Unc from those pictures for sure.
    Finest Coins and Relics
  • AhrensdadAhrensdad Posts: 2,583 ✭✭✭
    I can't tell from the pics if it's weak strike or wear. Liberty's nose looks like it maybe wear. This coin is a great example of why you grading from a pic is difficult. I'd love to hear from someone that has seen the coin in hand.
    Successful BST Transactions with: WTCG, Ikenefic, Twincam, InternetJunky, bestday, 1twobits, Geoman x4, Blackhawk, Robb, nederveit, mesquite, sinin1, CommemDude, Gerard, sebrown, Guitarwes, Commoncents05, tychojoe, adriana, SeaEagleCoins, ndgoflo, stone, vikingdude, golfer72, kameo, Scotty1418, Tdec1000, Sportsmoderator1 and many others.


    Please visit my website Millcitynumismatics.com
  • DoubleEagle59DoubleEagle59 Posts: 8,376 ✭✭✭✭✭
    Personally, I feel that coin in no way deserves an MS grade.

    Not even close.
    "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)
  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    Looks like a weak strike to me.
    Becky
  • rheddenrhedden Posts: 6,632 ✭✭✭✭✭
    AU50 details, scratched, net EF40.

    You buy early Type coins in NGC holders, and this is what happens more often than not. An NGC early Type piece is as good as raw to me. Yes, there are some great coins in their plastic, but they're right alongside pieces like this.

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Zero field luster with only traces remaining in protected areas? Not exactly my idea of mint state when only 15-20% luster remains. Early bust coins are
    given leeway in this area, but I'd at least like to see 50-70% luster on an "unc" early coin. Is that asking too much?

    Reminds me of an AU58 1803 half dime I had back in 2005. It too had only 20% luster remaining & had numerous deep field scrapes similar
    to the op's coin. But it was fairly sharply struck. Overall look was that of a cleaned/abused unc where the luster was stripped. Lo and behold just after I sold it to a
    major retailer it showed up as a MS62 at auction. Never saw that coming. But I did feel that it was worth 58+ money. Those extra few pts got it a 60% bump
    in price. I can only wonder why when it was submitted raw by my local dealer that it only graded AU58 but later when resubmitted went to 62?
    The fields were shiny/once cleaned enough to give it a false proof-like look. Sometimes shiny/PL fields can be mistaken for "unc-ness" when luster is missing.
    Of course this coin to me is a lot closer to MS61 than the op's example. This coin was also a good example of where the CDN was out to lunch. At the time I bought
    it the CDN had this date in unc for something like $6,000....yet I sold it for $9,000 as an AU58. AU money was around $4,000. Fetched $14,375 at auction as a 62.

    1803 half dime
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    Nice 1803 H10c Brian. Much nicer than the 1824/2 in this thread.

    I too consider NGC coins to be raw coins when looking to buy.

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