How much should this coin with flaw be discounted

BIGAL2749

I've was asked 30yrs. if I was a luster or a strike collector when I asked him to look for a coin for me. To me a luster collector was concerned more about color and original surfaces and would tolerate mint impairments (adjustment marks,, planchet flaws, and a weak strike if the coin was that original. But there is a limit to acceptable impairments, no one likes a coin with crisscrossing adjustment marks over the portrait and it will not bring the same money. The hard part is determining how much should it be discounted.

I was not active and had not bought in 3-4 years but I did go to the 2010 Boston ANA as it was only an hour and a half drive. I had finished an early type set a few years earlier and thought I extend the collection with a pinetree shilling. After seeing a couple of mid level pinetrees I came across Chris McCawley's table

I think the coin spotted Me and it was the first thing I could see in his case. I knew I was buying it before Chris got it out of the tray. Besides the luster that one could see in the case the coin had a cracked planchet. The crack just could not bother me and I thought the price was very reasonable. I was so excited that I cost myself $500 in my haste. I gave Chris an offer and before he could get the yes out I raised my offer $500. He was taking the first offer!!! Dam it!

Question is how much does a coin get discounted with a crack like this one versus one without the cracked planchet with similar surfaces?

Shame the arms holding coin cover as much as it does.

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coindeuce

Are you asking the question to determine if you have buyer's remorse, or because you may have occasion for a quick flip profit ?

AMRC

On a coin like this, not as much as with other Type coins. These are just cool even with some damage. I have not done the research, but if you bought it 1-1.5 grades back of what you would have paid without the flaw you should feel OK.

lostincoins

I think it would depend on the buyer of the coin. I like the crack and the heave die abrasion/polishing lines that are very visible, I think it adds to it. This is just my opinion as this is not my series but I like that coin very much.

BIGAL2749

<< <i>Are you asking the question to determine if you have buyer's remorse, or because you may have occasion for a quick flip profit ? >>



Oh I don't have buyer's remorse and it's staying in my collection, It renewed my interest in coins and have since picked up both a large and small planchet pine tree.

I also think it's a cool coin and felt it was too harshly discounted as I don't look at it as damage but as a planchet flaw before striking the coin and normal for the series. It's in an Au-58 holder and was happy to buy it at xf-au 50 money

Al

BryceM

Seems you did OK, but I agree - I think the holder prongs cover too much. It would seriously affect my ability to enjoy the coin.

On coins like this I don't think the planchet flaw is that big of a deal. They aren't supposed to be perfect and it actually adds character to the piece.