Are rim dings a big deal when grading? If so, why?

MidLifeCrisis

Unless they are big enough to significantly affect the obverse or reverse of the coin, they shouldn't count against the coin any more than other contact marks.

They are a natural result of normal circulation.

Unknown

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coinsarefun

I think it's a matter of size. Size of coin, size of rim ding etc...

I have seen many Morgans with small rim dings in Gem holders.

When it gets to a small diameter coin, then I would say
it will held back,

coinkat

Rim dings are a problem and a big deal-

LindeDad

Simply put in most cases they are ugly so they make it worth melt or face.

hchcoin

I have a dealer friend who sets up at all the big shows. If you hand him any coin, the first thing he does is point out all the imperfections. Rim dings, nicks, scratches, color, toning, hairlines......etc. They all matter to him and are a big deal. When he buys something, he wants it to be as problem free as possible. I guess this should be reflected in the grading.

I love messing with him telling him the color is off or I see minor hairlines etc on his coins.... just to get him fired up. I have heard him give his speech about what a "great" coin is over and over at shows. In his mind, a great coin doesn't have rim dings.

DaveG

You're right.

(I just prefer to let other people buy the coins with rim dings, scratches or contact marks.)

stman

On a high grade coin, yes a rim ding bothers me and I pass. On a well circulated bust coin, if the rim ding is small, and the rest of the coin is nice and original I've made an exception once in a while. I'll take that small rim ding with original surfaces before I'll take a dipped and disco-ball toned low grade coin any day.
I like to take a coin in balance. Especially if it's a tough coin to find. So, I'll let the other folks take the fingerprinted, disco-ball toned, cleaned and re-toned coins.

Another thing of note, before these pronged holders and edge view holders came out it was tougher to see the rim issues. Now we see every little nick and folks call them rim dings and problem coins.

stman

<< <i>Simply put in most cases they are ugly so they make it worth melt or face. >>



Here is my melt coin worth face........

EastonCollection

Rim dings are damage to the coin. My preference is to avoid buying damaged coins unless you have a speciifc reason for acquiring such a coin including acquiring a rare coin that you can't aford without such damage or its a cool coin that you just like it.

My belief in building a collection is acquiring coins that you can be very proud of after its completion. I don't believe that there is any substitute to an original, eye appealing, toned coin with nice surfaces. These coins are in the minority, so patience is needed to obtain each example. I have seen many collectors and investors buying average coins and later selling those coins not realizing profits.

Think about the Pittman, he built a memorable collection with limited funds. Each coin he acquired (that was auctioned off) is desirable. Granted we can't put a collection together as extensive as his (coins are more expensive today) but wouldn't you like to build a set like Pittman when you final sell your set!

WOW - something to be very proud of! IMHO, avoid damaged coins including rim dings where the grading services won't grade.

hchcoin

stman - I will gladly pay you "double melt" for that 1815

pennyannie

<< <i>

<< <i>Simply put in most cases they are ugly so they make it worth melt or face. >>



Here is my melt coin worth face........

I would double his double and pay in 1921 morgans!!



>>

Type2

<< <i>I think it's a matter of size. Size of coin, size of rim ding etc...

I have seen many Morgans with small rim dings in Gem holders.

When it gets to a small diameter coin, then I would say
it will held back, >>

We are talking about coins right.

LindeDad

<< <i>

<< <i>Simply put in most cases they are ugly so they make it worth melt or face. >>



Here is my melt coin worth face........



>>



Be real what would you pay for a common date, and a common would of never made it into that holder.

coinsarefun

<< <i>

<< <i>I think it's a matter of size. Size of coin, size of rim ding etc...

I have seen many Morgans with small rim dings in Gem holders.

When it gets to a small diameter coin, then I would say
it will held back, >>

We are talking about coins right. >>







I was going to originally say......yes size does matter and the smaller the better

But thought most would disagree