Planchet Flaw - No Grade ??

DeepCoin

I was just looking at the Genuine or 90s class of grades by PCGS and I noticed there was a grade for a Planchet Flaw. Why would PCGS not grade a coin that was original, yet had a planchet flaw? I know from others that some early copper had issues with this problem. It would seem to me that it might cause some net grading, but if the coin was original, why not grade it with a numeric grade instead of Genuine?

commoncents05

Any planchet flaw they determine to be unstable they will put in a Genuine holder.

-Paul

AUandAG

They don't like them on CC Morgans either if they are in the focal point. I had an 80cc with
a flaw, rather big, right through the date and it got gennied. You can pay extra to have them
graded, I believe.

bob

DeliaBug

I have some aluminum coins in OGH's with planchet flaws that are numerically graded and that is where they are staying. Seems to be another one of those multiple resubmit games that seem to be occurring all too often lately if you want it in a real holder.

lava

My bust half 1818 o-115 was slabbed that way. Very frustrating. The variety comes that way.

WaterSport

??Because it's a defective coin...Sure its tough, on the coin you want in a set, but you still keep it..just don't get it slabbed!

WS

Shortgapbob

I had a 1912-S Lib Nickel that was a choice uncirculated coin with a lamination. It was given a Genuine Code 93 grade.

BillJones

<< <i>I was just looking at the Genuine or 90s class of grades by PCGS and I noticed there was a grade for a Planchet Flaw. Why would PCGS not grade a coin that was original, yet had a planchet flaw? I know from others that some early copper had issues with this problem. It would seem to me that it might cause some net grading, but if the coin was original, why not grade it with a numeric grade instead of Genuine? >>



One of the marketing aspects of the certification process is to give graded coins a "generic" aspect so that they can be traded on the basis of the grading numbers assigned. One of problems with coins that have a mint caused problem, like a significant planchet defect, is that the coin has a caveat that will affect the market price of the piece.

For many modern coins a significant planchet defect might increase the value, but if you are talking about a Mint State, Proof or "specimen" 18th, 19th or early 20th century coin it will probably lower it. Buyers who get such coins with a given grade on them will not be happy if they paid the price of a well executed coin. Therefore the mint caused problem can result in a "no grade" situation.

Here is an example. The 1795 half cent has a tiny planchet clip. When I bought it raw the deal was it had to grade as a "normal" coin, NOT an error coin. If PCGS had listed the planchet clip, that would have decreased the value. PCGS graded it as a normal coin, and so here it sits in my collection. As an AU-58 this coin is worth more than you think if you look at catalog prices. With an "error" notation on it, the market value would be lower.

BaseballAbs

It must be a tiny clip Bill, I can't see a darn thing on those images. That coin looks flawless.

lkeigwin

Our hosts graded this 66BN. I think 66 was generous, FWIW.
Lance.

BillJones

I agree Lance. I'd pass on that one. You have the plancet issue plus I see several marks on the face plus one big spot and a couple smaller ones.

BillJones

<< <i>It must be a tiny clip Bill, I can't see a darn thing on those images. That coin looks flawless. >>



It is flawless for the grade, but if it had come back as a mint error, the value would have dropped by several thousand dollars. That's the way it works on the early coins.

leothelyon

Here is an example. The 1795 half cent has a tiny planchet clip.

But yet, Bill, I betcha that every time you look at that coin, there's a little song playing over and over in your head,
"it has a planchet flaw, it has a planchet flaw"

BryceM

Well there are planchet flaws and then there are planchet flaws. That one on the Lincoln would have been a deal-stopper for me, unless I was in the market for an error coin.

This is one from my collection. I'm honestly undecided about if it bothers me or not. It's the highest-graded coin from my Peace Collection and both PCGS and CAC liked it. With a loupe, you can see a small planchet irregularity at the 3 o'clock position on the obverse. It starts at the end of the tiara band and runs throught the hair and the field to the end of Liberty's hair under the "Y". It's not too big and it's in a non-critical area, but it is there and some might consider it a distraction. Some days I think it adds character or what the catalogers would call an "identifying mark". Other days I can't see anything else. It is a gorgeous coin though.......

rxer

my experience has been, the higher the grade, the more likely PCGS will not grade. This 1793 is a good
example of a coin PCGS would not grade, but I have lesser grade 1795's that are PCGS graded and have
splits or chunks missing from the coin-

ambro51

Im sorry that 1912 in a graded holder is ALL wrong . Sometimes those people really surprise me.

BillJones

<< <i>Here is an example. The 1795 half cent has a tiny planchet clip.

But yet, Bill, I betcha that every time you look at that coin, there's a little song playing over and over in your head,
"it has a planchet flaw, it has a planchet flaw" >>



No clip is so small I can barely see it. It does not bother me at all. It only would have bothered me if I had bought the coin at a very high price and then had it come back with "Error" or "Clip" on the holder. That would lower the value.