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How the heck did this 01-S quarter get graded as an ms62?

KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭
edited September 7, 2017 6:11PM in U.S. Coin Forum


«13

Comments

  • 291fifth291fifth Posts: 24,590 ✭✭✭✭✭

    Post Mint Damage. Unfortunate, since otherwise it is a good looking, high grade circulated specimen.

    All glory is fleeting.
  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    Textbook Environmental Damagae!

  • SoldiSoldi Posts: 2,177 ✭✭✭✭✭

    @amwldcoin said:
    Textbook Environmental Damagae!

    NIce coin if you can balance that of what you see. Too bad that happened.

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    What does the holder say?

  • This content has been removed.
  • KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭
    edited September 7, 2017 5:17PM

    Lot 320 Goldberg pre 9/17 LB Auction

    "1901-S. PCGS graded MS-62. Well struck with lovely natural toning on both sides. The key date to this series. Just graded for the first time. A great looking Rarity. Only 72,664 struck. Pop 2; 30 finer at PCGS.

    The coin came in too late to be sent to CAC. If time permits, we may send it out for the green sticker, and if approved, we'll post the result on our website (PCGS # 5630) Estimate Value $30,000 - UP "

    http://images.goldbergauctions.com/php/lot_auc.php?site=169&sale=100&lot=320

  • BillDugan1959BillDugan1959 Posts: 3,821 ✭✭✭✭✭

    The desperation in some "quarters" is becoming palpable.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    It looks to have the meat of an AU58, but looks to have environmental image.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @KollectorKing said:
    Lot 320 Goldberg pre 9/17 LB Auction

    " The coin came in too late to be sent to CAC. If time permits, we may send it out for the green sticker, and if approved, we'll post the result on our website (PCGS # 5630) Estimate Value $30,000 - UP "

    That's convenient. Do they really think it has a chance at a sticker?

  • shorecollshorecoll Posts: 5,447 ✭✭✭✭✭

    Not sure I see wear, but I definitely see some form of damage.

    ANA-LM, NBS, EAC
  • thebeavthebeav Posts: 3,875 ✭✭✭✭✭

    @cameonut2011 said:

    @KollectorKing said:
    Lot 320 Goldberg pre 9/17 LB Auction

    " The coin came in too late to be sent to CAC. If time permits, we may send it out for the green sticker, and if approved, we'll post the result on our website (PCGS # 5630) Estimate Value $30,000 - UP "

    That's convenient. Do they really think it has a chance at a sticker?

    Of course not....It's called a 'sales pitch'.......

  • kazkaz Posts: 9,246 ✭✭✭✭✭

    I told you that BB gun wasn't a toy!

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @kaz said:
    I told you that BB gun wasn't a toy!

    That would only help. This one looks like it needs to be taken out of its misery.

  • CaptHenwayCaptHenway Posts: 32,630 ✭✭✭✭✭

    Rarity points?

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • What's going on with the rims? Especially at 9:00 to 11:00 on the obverse.

    Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.

  • tradedollarnuttradedollarnut Posts: 20,190 ✭✭✭✭✭

    Wtf? Legend bought this coin - laura thinks it's awesome. Please please please stop denigrating coins off an image.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @tradedollarnut said:
    Wtf? Legend bought this coin - laura thinks it's awesome. Please please please stop denigrating coins off an image.

    I guess this means that the piece has already been to CAC.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    So the real question is: If John Albanese presumably doesn't like it, why are we unreasonable in denigrating a seeming lackluster piece? I think Laura would pretty much agree that if a high dollar coin isn't stickered, there IS a good reason for it.

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    If she just bought it at the sale, it would not have been to CAC yet.

    It must be an optical illusion around the eye if it is graded 62 and Laura likes it.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @Wabbit2313 said:
    If she just bought it at the sale, it would not have been to CAC yet.

    It is for sale at an auction house. Auction houses usually require that the coins be consigned weeks in advance of the sale.

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    @cameonut2011 said:

    @Wabbit2313 said:
    If she just bought it at the sale, it would not have been to CAC yet.

    It is for sale at an auction house. Auction houses usually require that the coins be consigned weeks in advance of the sale.

    Perhaps you should just click on the listing and then you will most likely regret the uninformed posts.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭
    edited September 7, 2017 10:05PM

    @Wabbit2313 said:

    @cameonut2011 said:

    @Wabbit2313 said:
    If she just bought it at the sale, it would not have been to CAC yet.

    It is for sale at an auction house. Auction houses usually require that the coins be consigned weeks in advance of the sale.

    Perhaps you should just click on the listing and then you will most likely regret the uninformed posts.

    No, not really unless I am missing something. There is no pricing data nor are there auction records listed in Coin Facts for AU58 to MS62. The price spread is very narrow. The coin sold for $37,600 which could have meant that it was a solid MS62 (Price Guide Value $39k for MS62) or that it was a dumpy coin that sold for a couple grand more than the last few AU55s which sold in the $32k-$33k range with the last AU55 selling for $44k.

  • jmlanzafjmlanzaf Posts: 35,781 ✭✭✭✭✭

    That's an MS-62. There's no damage on it that I see. I think some folks are reading too much into the toning. Granted, in the photos it appears to make the surface look textured, but there are just little spots of toning not pits.

  • thebeavthebeav Posts: 3,875 ✭✭✭✭✭

    I've always felt that 'eye-appeal' is nine-tenths of the law.

  • oih82w8oih82w8 Posts: 12,511 ✭✭✭✭✭
    edited September 8, 2017 7:18AM

    Sometimes you have to call the ugly baby...ugly.

    Key date or not...pitiful.

    @thebeav said:
    I've always felt that 'eye-appeal' is nine-tenths of the law.

    "Position is nine-tenths of the law"
    Archie Bunker
    http://www.archiebunkerquotes.com/7.html

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • MACGE1MACGE1 Posts: 269 ✭✭✭

    @tradedollarnut said:
    Wtf? Legend bought this coin - laura thinks it's awesome. Please please please stop denigrating coins off an image.

    Is it for sale?

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    No offense...but why would you say this? I shouldn't call a kettle black even though it is from what I see? Of course opinions can change once viewed in hand but from what I see in that picture if I submitted it I would get the Genny ED or corroded designation!

    @tradedollarnut said:
    Wtf? Legend bought this coin - laura thinks it's awesome. Please please please stop denigrating coins off an image.

  • jedmjedm Posts: 3,136 ✭✭✭✭✭
    edited September 8, 2017 7:58AM

    That one would be the nicest Barber quarter in my set! She could leave cracker crumbs in my Dansco, anyday -I would NOT mind.

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    Looks correctly graded to me. No wear. Splotchy toning that some would not like. I would much rather have this coin than a dipped out one made to look 64-65.

  • goldengolden Posts: 9,972 ✭✭✭✭✭

    Just ugly.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭
    edited September 8, 2017 9:40AM

    @DIMEMAN said:
    Looks correctly graded to me. No wear. Splotchy toning that some would not like. I would much rather have this coin than a dipped out one made to look 64-65.

    I don't care for dipped out coins, but I would rather have a dipped coin than one that looks to be environmentally damaged. The surface looks pitted from the images.

  • veryfineveryfine Posts: 1,763 ✭✭✭

    One might tell me to schedule an appointment with an optometrist, but the second I saw this image, my reaction was positive.
    Certainly not dazzling eye-appeal, but the toning nicely accentuates the bold details in Liberty's hair, wreath and eagle's feathers.

  • mannie graymannie gray Posts: 7,259 ✭✭✭✭✭

    @DIMEMAN said:
    Man, I got 2 disagrees on a nice original coin comment. :(

    I haven't disagreed with you (officially) on it yet, but I see definite wear all over that coin.
    Maybe that's what the disagreers are saying.
    So.....if you came across this coin (raw) in a 2x2 and were assured of its authenticity, what would you think of it?

  • mannie graymannie gray Posts: 7,259 ✭✭✭✭✭

    @tradedollarnut said:
    Wtf? Legend bought this coin - laura thinks it's awesome. Please please please stop denigrating coins off an image.

    And......?
    So we are not supposed to comment on a coin because someone bought it and thinks it is awesome?
    OK.

  • BillDugan1959BillDugan1959 Posts: 3,821 ✭✭✭✭✭

    Dimeman 1) The coin is damaged, and 2) there is some wear or poor striking on both sides. This coin would not be graded nearly this high if it were a common date and mint combination, and would be a details coin. I tend to think this coin spent some time in the ground.

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    I'm certainly not a Homey for Legend. But they did not get to where they are today buying overgraded damaged coins. They saw the coin in hand and liked it. Looking at the pic I like it. And no I would not spend that kind of money on a raw coin. But I trust PCGS, Legend and myself (based on pic) enough to like this coin. I think some of you think you are seeing something that is not there. And on grading I find that PCGS is tougher not easier on coins where there is a big spread between grades.

    JMHO

  • BillDugan1959BillDugan1959 Posts: 3,821 ✭✭✭✭✭

    A big time coin and bullion dealer, recently deceased, once told me "Everybody makes mistakes, I make mistakes. But hey, when I do, I throw the thing in my showcase with a price on it, and somebody almost always comes along and bails me out."

  • tradedollarnuttradedollarnut Posts: 20,190 ✭✭✭✭✭
    edited September 8, 2017 10:52AM

    @brg5658 said:

    @tradedollarnut said:
    Wtf? Legend bought this coin - laura thinks it's awesome. Please please please stop denigrating coins off an image.

    What does Legend's/Laura's opinion of this coin have to do with the price of tea in China?

    The coin obverse is ugly by any stretch of the imagination, unless the coin she bought isn't the one in the OP. The reverse is fine to my eye...but nothing to write home about.

    Huh? Seems obvious- because she's the only one that's seen it in hand? The rest are pontificating off an image

  • ElcontadorElcontador Posts: 7,655 ✭✭✭✭✭

    This is a good example why I never buy a coin based on an image. I'd have to see this coin in hand. I find the image to be very unattractive. It appears there is some sort of secondary toning on the coin.

    I have never purchased a coin in MS 62. Many in that grade I've seen IMO are sliders, and not really Unc. The few I've seen that are Uncs. were butt ugly. A number of CC Morgans from the mint sales of 1979 and 1980, plus a lifeless 1810 Classic Large Cent come to mind.

    "Vou invadir o Nordeste,
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    "Sou Mangueira......."
  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭
    edited September 8, 2017 11:00AM

    Expensive coin. This would be a good opportunity to check the CAC database of failed submissions. Alas....that service is not available.

  • keetskeets Posts: 25,351 ✭✭✭✭✭

    what TDN said. I guess we all see what we see, I see a really poor image.

  • logger7logger7 Posts: 8,896 ✭✭✭✭✭

    For Barber coinage, that isn't a bad Unc. IMO. But of course in hand inspection would be critical.

  • ashelandasheland Posts: 23,624 ✭✭✭✭✭

    I'm thinking it's just ugly toning and the picture isn't helping anything...

  • tommy44tommy44 Posts: 2,312 ✭✭✭✭✭

    Goldberg's pictures aren't always the best. If our host thought it was a 62 the coin must have something going for it besides rarity.

    it's crackers to slip a rozzer the dropsy in snide

  • Dave99BDave99B Posts: 8,660 ✭✭✭✭✭

    I actually like it...most of the low mint state 01-S quarters which I've seen are over-dipped, and ugly white. This one is way better!

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    Is it just me or does across the eye and other areas appear to have encrustations from corrosion?

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @amwldcoin said:
    Is it just me or does across the eye and other areas appear to have encrustations from corrosion?

    It does, and I don't think those are artifacts. I have seen some awful coin photography, but I have never seen corrosion looking artifacts in an image before.

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