Wounded gold UHR eagle red spot
LMM
Posts: 92 ✭✭
Ok first off I know my pictures aren’t the best but that is not the purpose of this post. Can you imagine to my horror after buying this UHR the first day from the mint, holding it for over 3 years sight unseen (stored properly) and opening it up to find a rather large red spot. I know from reading this forum for 6 years it’s not the most uncommon thing that happens to modern gold. My question to the forum experts is did this coin ever have a chance at a 70 grade because of the red wound on the eagle? Other than this red spot the coin looked perfect to me but I’m no expert. I may be the only person to have a shot and bleeding UHR eagle. I'll post a grade after I hear from ya'll. Grade has beem posted.
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Comments
<< <i>I may be the only person to have a shot and bleeding UHR eagle. >>
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Otherwise I sympathize. That's a bummer.
"Inspiration exists, but it has to find you working" Pablo Picasso
Wondercoin
Shame,
bob
Velocity, Not Valuation Defines A Bubble.
Saint Guru, one of the most knowledgeable Saint collectors ever, used to say he liked copper spots.
I'd look at it this way: There are probably fewer than a handful of UHRs with fiery red spots on them.
--Severian the Lame
Eric
<< <i>That's a tough one, even from someone who likes copper spots on US gold.
Saint Guru, one of the most knowledgeable Saint collectors ever, used to say he liked copper spots.
I'd look at it this way: There are probably fewer than a handful of UHRs with fiery red spots on them. >>
Very, very few collectors would want to buy this coin except at a steep discount. As long as eye appeal is a grading standard, this coin will lose grading points because of that spot.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I bought this from the Mint, hit redial for 1.5 hours just like you did. Experts conclude that those are not die polish lines
but lines from a cleaning from an abrasive pad/brush of sorts. I even brought it to a friend with a 50x stereo microscope and he seems to think the same. I wonder if it was kicked around the floor of the coining room then repackaged?
Not all UHR's are gorgeous and spectacular.
Happy New Year.
I have Pandas with the spots, no big deal, they are near spot anyway. But a UHR, forget about it. The pics are good enough for me to "grade" it.
Miles
--Severian the Lame
<< <i>My question to the forum experts is did this coin ever have a chance at a 70 grade because of the red wound on the eagle >>
The "red spot" is unappealing. In addition to several "ticks" on the obverse rays, I would not want to double guess PCGS's grade. In my eyes...not a 70.
Derryb congratulations on being the only correct post on “red spots” on a coin as it relates to grades. Here is what he said “I don't believe the naturally occurring spot would prevent a 70 by itself”.
PerryHall said “As long as eye appeal is a grading standard, this coin will lose grading points because of that spot” I tend to agree with you but I guess eye appeal either doesn’t matter but more likely is in the eye of the beholder or graders!
I have learned a lot from the board over the last 6 years and this was the 1st time I could actually inform or enlighten the forum on something. I wish it wasn’t “Red Spots on Gold”. The great thing about life is even us old guys can sometime learn something new and when that happens It’s a nice day.
Good news though ... I am told these spots can be professionally removed. My son Justin is now in his 3rd year at UCLA as a Chemistry major. He assures me that by the time he graduates he should be able to "restore" most or all of these modern gold coins to their spot-free original condition. That's got me paying the tuition. LOL. I hope he will be able to deliver on his promise as my pile has been growing!
Wondercoin
Wondercoin
<< <i>
Experts conclude that those are not die polish lines
but lines from a cleaning from an abrasive pad/brush of sorts. I even brought it to a friend with a 50x stereo microscope and he seems to think the same. I wonder if it was kicked around the floor of the coining room then repackaged?
Not all UHR's are gorgeous and spectacular.
>>
Well, drat. The UHR Double Eagle I have also has those lines. Not knowing very much about what die polish lines are, I wasn't sure whether to exchange the coin or not (I bought from the U.S. Mint.) The lines are quite unsightly and really detract from what is one of the nicest-looking coins the Mint has released in awhile.
To make matters worse for me, for reasons I can't recall, I only purchased one of these coins when I usually purchase two of everything I find interesting. Doh!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Like I said earlier in this thread, send it back to PCGS and they'll take care of it. They will either conserve it for you or buy it back. It is obviously not a MS70. >>
OP stated that coin was opened in front of PCGS at time of submission, already spotted, still a 70.
Velocity, Not Valuation Defines A Bubble.
<< <i>
<< <i>Like I said earlier in this thread, send it back to PCGS and they'll take care of it. They will either conserve it for you or buy it back. It is obviously not a MS70. >>
OP stated that coin was opened in front of PCGS at time of submission, already spotted, still a 70. >>
I saw that. Spots like that affect the eye appeal in a very negative way and, as long as the major grading services use market grading standards, eye appeal will be a factor in determining the grade. Send it back to PCGS and give them a chance to fix it. PCGS has one of the best guarantees in the business.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I would prefer a clean MS69.
Maybe PCGS does not consider spots in its grading. I had a set of PCGS MS70 2003 American Eagles that I bought for melt. Two
of the coins had copper spots. I thought I had a great deal when I bought the coins, but did not get much over melt when I sold them.
PCGS said the $5 gold eagle was worth $525. I couldn't find anyone who thought it was worth more than 10% over melt.
I don't know if the coins developed the spots pre or post grading.
As to these .9999 pure gold coins, I am thinking maybe .9900 at best. Remember, these are the same guys that run the Post Office.
As s4ny mentioned in above quoted post, since this is supposed to be a .9999 fine coin, and your red spot appears to be a copper spot, then you should probably ask the U.S. Mint to replace it with a proper purity coin within advertised Gold fineness tolerance.
Although I might expect copper spots on a .900 fine 18th, 19th (or perhaps early 20th Century) coin, I wouldn't expect or accept them on a supposedly .9999 fine modern gold coin produced by the U.S. Mint specifically for collectors.
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
Velocity, Not Valuation Defines A Bubble.
<< <i>Always spin, always make lemonade. This is the Fiery Heart UHR. This is the Ruby Breasted UHR. This is the UHR that bleeds American Flag Red. And it is unique.
How about the bleeding heart eagle UHR? About 40 percent of the country would want to own it if someone else was willing to pay.