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Why Coin Dealers Drink Part MMXXXCL
segoja
Posts: 6,141 ✭✭✭✭
Have a coin listed on E-Bay...high grade Ike with a green bean (Top Pop). It is a nice coin.
Get this comment from a potential buyer
<< <i>The photos give the coin an over all yellow green tint,...is the coin tones in any way?,....how much original silver luster is left?Tks. >>
My response:I think the tint you see is in the photo. 100% original luster, hence the 68 grade and CAC sticker.
It is a nice piece.
Thanks
James
His Response to that caused me to tip back a glass of nice Chardonnay
<< <i>Thanks for your response.The Grade is determined by the "Strike" the planchet receives at time of minting,...things like toning,bag marks,milk spots etc have nothing to do with the grade assigned by the "Expert Opinion" of PCGS....the grading system is well established,The value of a coin is determined by It's grade,it's rarity,and the eye appeal,...the last one being the only subjective part.I salute you for taking a chance and listing the coin as a true auction.I have the Washington and the Kennedy,...always looking for the Ike.I'm curious to see how much this coin will bring,there's been about 5 up for auction for ever that never sell but they want too much.I remember them selling for $280.-$350.00 about 5 years ago.Good Luck. >>
Guess I'm clueless on grading Ikes
Get this comment from a potential buyer
<< <i>The photos give the coin an over all yellow green tint,...is the coin tones in any way?,....how much original silver luster is left?Tks. >>
My response:I think the tint you see is in the photo. 100% original luster, hence the 68 grade and CAC sticker.
It is a nice piece.
Thanks
James
His Response to that caused me to tip back a glass of nice Chardonnay
<< <i>Thanks for your response.The Grade is determined by the "Strike" the planchet receives at time of minting,...things like toning,bag marks,milk spots etc have nothing to do with the grade assigned by the "Expert Opinion" of PCGS....the grading system is well established,The value of a coin is determined by It's grade,it's rarity,and the eye appeal,...the last one being the only subjective part.I salute you for taking a chance and listing the coin as a true auction.I have the Washington and the Kennedy,...always looking for the Ike.I'm curious to see how much this coin will bring,there's been about 5 up for auction for ever that never sell but they want too much.I remember them selling for $280.-$350.00 about 5 years ago.Good Luck. >>
Guess I'm clueless on grading Ikes
0
Comments
However, there are some instances where this guy is right. I've seen some graded coins where "things like toning,bag marks,milk spots etc have nothing to do with the grade assigned by the "Expert Opinion" of PCGS", and I'm wondering what the experts were looking at when they graded the coin.
l
It's not having what you want, it's wanting what you've got.
<< <i>...things like toning,bag marks,milk spots etc have nothing to do with the grade assigned by the "Expert Opinion" of PCGS >>
This guy is totally clueless.
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
My reaction: Kindly explaining they were wrong and if they only buy perfect (no chips, scratch free) slabs they must not buy many of them. Then blocked them.
<< <i>things like toning,bag marks,milk spots etc have nothing to do with the grade assigned by the "Expert Opinion" of PCGS >>
Sounds like an advertisment for 'Thigh Master'.
There was a peace dollar I bought off of a heritage picture (was graded pcgs ms67 cac) about a year ago that made the coin look bright white, but when received in hand was more of a yellow/green white.
Im reading the first question "is the coin bright and shiny like a freshly dipped ike should look like, or has it started to tone ever so slightly and the color is no longer that brilliant blast white look.
Your response does not appear to answer his question about the toning- only the fact the coin has full luster.
<< <i>Amazing...obviously a buyer with what is a rudimentary knowledge of numismatics and grading that believes he/she is an expert.... inflated ego, limited knowledge = make fool of self... Cheers, RickO >>
We need to invite them here! Fresh meat! :-D
<< <i>We need to invite them here! Fresh meat! :-D >>
meet before and chat about how exciting the class will be!
bob
Roast for dinner.
Whine for ever.
``https://ebay.us/m/KxolR5
Of course, one could just Mr Know-it-all find out the hard way, decades down the road.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>No disrespect but the grading system has been around before you were born,....has absolutely nothing to do with luster,bag marks,scratches or anything regarding eye appeal,...the "Strike" determines the grade,....(again,the VALUE of a coin[not grade] is determined by a combination of the Grade,the Rarity,plus the eye appeal).....they actually have grading machines that grade coins based on microscopic measurements of the rise of the Silver in the devices when it was struck,....gosh,even Boy Scout merit badge manuals teach simple grading based on wear,...or non wear in Mint State coins.Anyway,if you're really interested I have a series of PCGS coins that will blow you away,...one 1940 dime graded at MS-68 is so corroded and toned you can't tell what it is,....likewise,otherwise perfect looking modern coins coming back graded MS-67-68,....as the dies wear out,they produce lower grade Mint State coins.I probably won't be bidding though,I'm looking to pay around $300.00,this one is destined to bring more,....with the CAC sticker....again,good luck with the sale. >>
I'm learning so much about the grading process from this guy it's simply amazing
In addition to the sniffer, I guess PCGS has a super secret strike measuring device
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>His reply back this morning:
<< <i>No disrespect but the grading system has been around before you were born,....has absolutely nothing to do with luster,bag marks,scratches or anything regarding eye appeal,...the "Strike" determines the grade,....(again,the VALUE of a coin[not grade] is determined by a combination of the Grade,the Rarity,plus the eye appeal).....they actually have grading machines that grade coins based on microscopic measurements of the rise of the Silver in the devices when it was struck,....gosh,even Boy Scout merit badge manuals teach simple grading based on wear,...or non wear in Mint State coins.Anyway,if you're really interested I have a series of PCGS coins that will blow you away,...one 1940 dime graded at MS-68 is so corroded and toned you can't tell what it is,....likewise,otherwise perfect looking modern coins coming back graded MS-67-68,....as the dies wear out,they produce lower grade Mint State coins.I probably won't be bidding though,I'm looking to pay around $300.00,this one is destined to bring more,....with the CAC sticker....again,good luck with the sale. >>
I'm learning so much about the grading process from this guy it's simply amazing
In addition to the sniffer, I guess PCGS has a super secret strike measuring device
The gift that keeps on giving. Good thing it's 5:00 somewhere.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Well James, one day you might make a buck or two pursuing this Coin Dealer thing but, I guess you just haven't arrived just yet.
<< <i>I'm learning so much about the grading process from this guy it's simply amazing
In addition to the sniffer, I guess PCGS has a super secret strike measuring device
Maybe he is thinking of Compugrade?
PLUS HE DOESN'T RESPOND IN ALL CAPS!!!
Wouldn't you just love to meet this guy in person? Your head would spin.
Lance.