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Question for those that know a lot more than me on PCGS grading of flowing hair dollars

pitbosspitboss Posts: 8,643 ✭✭✭
in U.S. Coin Forum
I just had a 1795 2 leaf flowing hair dollar graded at PCGS and the grade came back as:

genuine (98- damage or tooling)

What does this mean and is it worth anything? imageimage

Comments

  • lasvegasteddylasvegasteddy Posts: 10,408 ✭✭✭
    i believe they saw some re-tooling on the hair or somewhere else...could be damage too in like a scratch or gash???
    something like those are usual culprits
    definately not worthless...just not as much as problem free...image

    i'm no pro on such topic there too just my wag
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • crypto79crypto79 Posts: 8,623 ✭
    It could mean anything from a spot of corrosion that was removed to re-engraving of detail. The hard definition is "moved metal" and they think that it was done to your coin be it intentionally or as harmless as a rim ding. That said a readable date flowing hair has a basal value of not less than roughly 400$ and goes up from there depending of the level of remaining detail and the over all appearance of the coin.
  • lasvegasteddylasvegasteddy Posts: 10,408 ✭✭✭
    any chance you have an image???
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • pitbosspitboss Posts: 8,643 ✭✭✭
    I don/t have the coin back yet. It was just posted today. As soon as I get it I will take some pictures.
  • lasvegasteddylasvegasteddy Posts: 10,408 ✭✭✭
    mind you some re-engraving is really good or it could be old enough to where it's really hard to pick up too
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • commoncents05commoncents05 Posts: 10,088 ✭✭✭
    The previous posted seem to be fixating on the tooling aspect, but the majority of the "98 grade" coins I have seen have been because of damage. My guess it is likely rim damage of some sort. Very common on early dollars.

    -Paul
    Many Quality coins for sale at http://www.CommonCentsRareCoins.com
  • lasvegasteddylasvegasteddy Posts: 10,408 ✭✭✭
    actually...98 is defined as just "damage"
    reading op's statement of 98 to include tooling threw me off...image
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • pitbosspitboss Posts: 8,643 ✭✭✭
    Thanks for the help guys. Any more comments would be greatly appreciated. I will post pictures when I get the coin in a few days.
  • pitbosspitboss Posts: 8,643 ✭✭✭
    Pictures added
  • StaircoinsStaircoins Posts: 2,566 ✭✭✭
    Yep, the rim ding at 12:00 did it.

    Edit: I see another small one at 8:00, but the one at Noon is the real dealbreaker.


    I can relate, as I had a CC Trade dollar come back 98 due to a rim ding. I really thought it would grade. I left it in the Gennie holder just to help show that it's real, as there are so many fakes out there.

  • lasvegasteddylasvegasteddy Posts: 10,408 ✭✭✭
    kool
    it's just a minor rim bump then
    so sorry i got offbase with possible tooling...image
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • BillJonesBillJones Posts: 34,053 ✭✭✭✭✭
    The surfaces have been stripped of their original layer, and there is rim damage at 12 and 8 o'clock. I don't see any evidence that the surfaces have been tooled or smoothed. Given the high Gray Sheet bid of $1,435 it is probably worth somewhere in that neighborhood.

    This is a fairly low grade from one of these coins. Most of them are Choice VG or better excluding the damage. These coins did circulate, but they held up better than the lower denominations.

    PCGS graded this coin EF-45 and it is a half dollar, but this is a choice color for early silver coins.

    image
    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 ... ?
  • NysotoNysoto Posts: 3,818 ✭✭✭✭✭
    In addition to the rim damage and cleaning already mentioned, there could have been filing (tooling) on the rim dings, which can be difficult to identify.
    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
  • pitbosspitboss Posts: 8,643 ✭✭✭
    I would like to thank everyone for their help and opinions.

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