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Should this coin have graded problem-free?

lkeigwinlkeigwin Posts: 16,893 ✭✭✭✭✭
I don't think so. But I'd like to hear from others.



FWIW, it is in a no-problem holder. The coin is not mine.

Lance.



imageimage

Comments

  • guitarwesguitarwes Posts: 9,289 ✭✭✭
    I could see it going either way, depending on what the graders determined the stuff is on the Obv. EAC is a beast. A coin with that much detail and significance gets graded a little differently than an 1853 Cent.
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  • lasvegasteddylasvegasteddy Posts: 10,408 ✭✭✭
    yeah the fraction should of prevented a straight grade if you ask me

    missing the 1 there
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  • AMRCAMRC Posts: 4,280 ✭✭✭✭✭
    What don't you like about it? The damage at 4:00 on the obverse? The couple of splotches of PVC? The corrosion on the obverse? The rim dings? The damage on the reverse that looks like the 1 of the 1/100 was removed?



    They may be slightly easier on them when the date starts with a 17.
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  • keyman64keyman64 Posts: 15,521 ✭✭✭✭✭
    The coin would not have been for me.
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  • BillJonesBillJones Posts: 34,598 ✭✭✭✭✭
    Given what I have seen in the way of Wreath Cents that made it into holders, that coin is a slam dunk. The piece I have in my set has a few rim bumps and it made into an AU holder, without justification I might add. I saw one piece that had the reverse covered with mildly rough black corrosion that was given a straight grade and priced at over $30,000. The piece disappeared from the dealer's case, so I figure it sold. The obverse was really nice.


    I don't know specifically what you think will give this coin a "details" grade, but odd color on the obverse is not unusual. The copper that went into these coins was acquired for wherever the mint could find it and had many impurities. Laminations and two tone color are not unusual. The mark of 4 k on the obverse and the mark by the "1" in the faction on the reverse sort of fall into the "so what?" category. I believe that this coin is an S-9 and the "1" in the fraction was weak from the get-go. The surfaces in general are hard and brown and just about good as good as you could hope for from a circulated Wreath Cent.



    Given that it is an NGC I'd say it graded EF easily and might even be called an AU. I don't agree with the grade, but I've seen enough of these coins in holders to know that the standards are not overly rigorous.

    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 ... ?
  • rheddenrhedden Posts: 6,630 ✭✭✭✭✭
    These coins are graded liberally, with obvious damage like scratches, rim dents, corrosion, etc. just rolled into the net grade. That being said, the fraction looks like it was tooled off intentionally, and I therefore wouldn't be a fan of buying this one in a straight grade holder.
  • cmerlo1cmerlo1 Posts: 7,932 ✭✭✭✭✭
    It seems a lot of things that would almost always get a details grade are allowed to 'slide' when you get to the 18th century... this isn't a complaint, just an observation. Despite the removed '1' in the fraction, I think it's a beautiful coin.
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  • LoveMyLibertyLoveMyLiberty Posts: 1,784 ✭✭✭


    Bill Jones couldn't have stated it better. This is a beautiful coin

    for when it was made, using often terrible planchets with

    defects, uneven surfaces and less than quality machinery.

    There are a number of S-9 pieces with very shallow 1's in

    the fraction. This could also be a strike through, or clash mark

    damage.
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  • lkeigwinlkeigwin Posts: 16,893 ✭✭✭✭✭
    Originally posted by: rhedden

    These coins are graded liberally, with obvious damage like scratches, rim dents, corrosion, etc. just rolled into the net grade. That being said, the fraction looks like it was tooled off intentionally, and I therefore wouldn't be a fan of buying this one in a straight grade holder.




    This was my thought but then I second-guessed that the 1 might be weakly defined and the damage around it was coincidental.



    I have seen one other S-9 with a weak numerator but the others were pretty strong. Maybe I haven't seen enough examples.

    Lance.
  • winkywinky Posts: 1,671
    Originally posted by: AMRC
    What don't you like about it? The damage at 4:00 on the obverse? The couple of splotches of PVC? The corrosion on the obverse? The rim dings? The damage on the reverse that looks like the 1 of the 1/100 was removed?

    They may be slightly easier on them when the date starts with a 17.



    I really like your thoughts, especially about the 17.
  • ElcontadorElcontador Posts: 7,626 ✭✭✭✭✭
    This coin looks far cleaner than most TPG "problem free" early coppers (pre 1815) that I have seen.
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  • BryceMBryceM Posts: 11,844 ✭✭✭✭✭
    I see the issues, but I wouldn't kick her out for eating crackers in bed......
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,470 ✭✭✭✭✭
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  • BillJonesBillJones Posts: 34,598 ✭✭✭✭✭
    The folks who don't like this coin have not been in the market for one these ever or for a very long time. I bought my coin back in the 1970s, and it was not much different then when it came to grading. I bought mine from Catherine Bullowa, who was known as a conservative grader. The grade then was "Almost EF" even with the rim issues.


    Here is the coin. It is an S-11c.


    imageimage

    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 ... ?
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Nice coin Bill.... and the OP coin is very nice as well. I really like old copper like this,

    and do not criticize condition (just a collector, not a dealer). A 220 year old copper coin

    is magnificent even with minor blemishes...Cheers, RickO
  • ElKevvoElKevvo Posts: 4,130 ✭✭✭✭✭
    That is a pretty coin Bill...and good photos too!



    K
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  • Walkerguy21DWalkerguy21D Posts: 11,594 ✭✭✭✭✭
    I have no problem with the OP's coin in a straight graded holder.
    I've seen much worse in straight graded holders, and some in genny holders
    that aren't too bad (like the one in my own set).

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  • 291fifth291fifth Posts: 24,543 ✭✭✭✭✭
    I see an expensive coin with a problem. It should not be in a straight grade holder. The problem isn't going to go away and anyone who views it is going to notice it. It reminds me of the Seinfeld episode about the white sweater with the tiny red dot defect.
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  • jerseycat101jerseycat101 Posts: 1,360 ✭✭✭✭✭
    I happen to think that the OP coin is very good looking, and any problems it may or may not have does not negatively affect it's eye appeal. Kudos on it being straight-graded.
  • IrishMikeyIrishMikey Posts: 1,561 ✭✭✭
    Yes, I have no problem with this being a "No Problem" coin. It should be liberated from the plastic holder, though.
  • BillJonesBillJones Posts: 34,598 ✭✭✭✭✭
    To those of you don't like this coin and think that it should be in a details holder, I'll warn that you not going to be able buy very much in the way of early copper unless you are willing to pay very high prices.


    This goes double for Chain Cents and Wreath Cents. Unless you are ready to pay at least a high 5 or even 6 figure amounts, there is going to be something wrong with the coin that you won't like. For the great rarities, like the Strawberry leaf and Jefferson Head coins, nice ones do not exist, period.

    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 ... ?

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