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Hairlines on circulated Gold
AnkurJ
Posts: 11,366 ✭✭✭✭
One aspect of collecting that I have had some difficulty with is determining whether hairlines on circulated gold are from a cleaning, or from being in circulation. I have seen many examples in all grades that have some hairlines, but are in problem free holders.
What should I look for in differentiating between circulation and cleaning? I know cleaned coins usually show unidirectional parallel lines, while circulation lines are more haphazard.
Please post examples of both if you have them.
Thanks
What should I look for in differentiating between circulation and cleaning? I know cleaned coins usually show unidirectional parallel lines, while circulation lines are more haphazard.
Please post examples of both if you have them.
Thanks
All coins kept in bank vaults.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
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Comments
Eric
-Paul
such as silver vs gold
and good question for the board
I went home and looked at my collection and had absolutely none of these hairlines present on my gold which are all in XF-AU grades. For context, I collect mostly dirty, very original gold with original surfaces of which most are CAC'd. For me I find that when I buy I am judging for originality, and color in addition to the normal strike, luster, technical surfaces, etc. My internal judgement is that the presence of hairlines on XF-AU gold likely results from improper handling to some degree. While often times not significant nor market relevant, it is a factor for me as a discriminating buyer.
Latin American Collection
The pattern question is key. If it is just a random line either straight or curved, you would prefer that it was not there, but it falls into the "stuff happens in circulation" category. If it looks like it is the product of the application of a tool, like a brush, then that can be the root of a problem.
I know cleaned coins usually show unidirectional parallel lines, while circulation lines are more haphazard.
and
I don't think it's a matter of determining the source of the hairlines (cleaning vs circulation) but rather a determination of the quantity and placement and whether it is market acceptable vs not.
and
My internal judgement is that the presence of hairlines on XF-AU gold likely results from improper handling to some degree.
and
I believe the answer has to do with the difference between a hard and soft metal such as silver vs gold
I really do not have much to add other than I tend to assess originality on the basis of the color of the coin, first. If I am confronted with a bright yellow gold coin and am trying to decide whether the hairlines are from cleaning or not, it is mostly an academic exercise as I am not going to like or buy the coin. If I have a coin with the correct color, and there are a few hairlines, it does not bother me much. If there are a lot of hairlines, it does bother me.
For historical context, in the early PCGS days, hairlines were considered significant detractions, and I suspect that many of the "undergraded" gold coins in OGHs were docked because of innocuous hairlines that we are much more forgiving of today.
Here's an example from my own collection, though I did part with this coin several months ago when this visible cleaning became more and more evident as I learned more.
I purchased this coin as an AU.....not really noticing all the hairlines at the time.....
As time passed though, and I learned more, and picked up a few more bits of Gold, the past cleaning on this one began to grate on me more and more.
Note, the darker areas around the devices, the almost scrubbed look with parallel lines running through some of the fields- especially on the reverse.
Sorry that the pics are less than ideal. I just threw this composite together quick and dirty for this thread.
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
<< <i>I really do not have much to add other than I tend to assess originality on the basis of the color of the coin, first. ......If I have a coin with the correct color, and there are a few hairlines, it does not bother me much. If there are a lot of hairlines, it does bother me >>
The color of a gold coin tells you as much or more about its quality and any other feature which is assessed. Sticking to coins with the "right color" will invariably lead you to coins of superior quality, perhaps more so than any other diagnostic.
Latin American Collection
link to cleaned silver
I have not upgraded this one on account of the color.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
hairlines from circulation are random. everything about them is random.
here's a coin that looks pretty good at first glance. i can tell you it even has swirling cartwheel luster! but, it's cleaned.
here's the coin at a different angle:
circulation lines won't ever look like this. i bought this coin knowing it is cleaned...it's a great example to observe.
As opposed to my other example, this coin I find less objectionable, with many random hairlines and small dings while still retaining some luster.
So, for me, this one's a keeper and the other is history....
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014