Would YOU Straight Grade this Coin?
Aotearoa
Posts: 1,563 ✭✭✭✭✭
Currently listed with HA.
By the way, I hate rim bumps!
Smitten with DBLCs.
0
Aotearoa
Posts: 1,563 ✭✭✭✭✭
Comments
Yes
Coins that old seem to be graded on a curve. It was straight graded so that is all that matters. Probably would not buy it though and not sure it would cross.
Agree completely.
That coin is market acceptable
That is the standard
I think the question should be "would PCGS straight grade this?"
Probably since it is old copper in reasonable condition (not sure what the white flecks are) despite the rim hit.
"Got a flaming heart, can't get my fill"
PCGS is a better shot usually on low grade unattractive coins, I'm not sure what defects are a deal killer in terms of straight grades on coins like these, but this one has seen better days.
Yes, without a doubt.
Dave
yes, but I have knocked 10 points off the grade because of the rim issues.
Yes, but a net straight grade, which is what it looks like they did. It's too old and nice to BB
YES
Best place to buy !
Bronze Associate member
Yes, I agree that it should be a VF35 or XF40 without the bump.
I'd knock 20 points of the grade.
The next guy would knock off 5 points.
So dozens of net graders, assign dozens of different net grades...SO WHAT IS IT?
That's the reason NET GRADING is a STUPID FOLLY!! LOL, of course that's just my humble opinion.
Yes
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I've been around long enough to know that this coin does actually merit a straight grade but I still wouldn't own it. I have my own set of eye appeal standards and the first thing I look at are the rims. In this case, ick.
Smitten with DBLCs.
PS In another discussion, members were bitching about a straight graded half dollar with big scratches. I've been asking around to find the reason because I think a coin with obvious damage should be "detailed" with the reason.
Apparently, in many cases with obvious damage that even a blind person can see - the defect is not mentioned. I don't like that but this may becoming the case. As posted above, it appears that the more worn a coin is the more leeway is given.
@Insider2 I think old copper gets more leeway than old silver or gold or nickel, don't you?
Smitten with DBLCs.
Doesn’t matter who graded it, be it PCGS, NGC, EAC, FBN, raw, or whomever. The bottom line is the price. Personally, I wouldn’t pay VF-30 money due to the bump.
It has to for a couple of reasons.
First, old copper got a lot of use back in the day. There was no use in saving it as "wealth for a rainy day because it had no legal legal tender status. These coins of convience.
Second, copper is more reactive than silver and gold is far more prone to corrosion to other chemical problems. The solution to the Insider's dislike for net grating might be to mark it on the slab label. Otherwiase what do you do with a old copper coin with minor problems? Melt it down for pipe fittings?
All grades are net grades; the Folly is the idea that there's a Line of "Problem-Free" that a coin either crosses or doesn't.
Liberty: Parent of Science & Industry
That statement demonstrates to me that in spite of all your knowledge, experience, acclaim and respect among your professional peers that unfortunately you don't have a "clue."
I know in my heart that cannot be true so I'll just believe that you have not expressed yourself in a clear way.
Try to explain this FACT (from the EAC Copper Grading book).
The TPGS grades on copper are mostly different from those of EAC and that difference is mostly due to the net grading done by copper guys.
YET you have posted this: "All grades are net grades." So it appears that you believe the TPGS net grade coin.
I say more "folly" and it is not coming from the TPGS's. Look, it's fine that the copper (EDIT TO:) "coinheads" want to have their own confusing (yes, confusing - it's stated that way in their book) grading system but IMHO, it is PURE FOLLY to try to defend that NONSENSE. Grade the coin VF scratched with edge bumps AND price it. Don't try and tell me it is a VG! LOL.
No one is saying that it IS a VG. It sounds like You are the one who doesn't understand what I, and EAC, and to a certain and growing extent, the TPGs and the market, ARE saying.
Liberty: Parent of Science & Industry
Plenty of roomon the label. They should just call out issues if there are any. You are right, nett grades are folly. Imagine 3 coins all in 45 holders. A straight XF45. A technical Xf40 that got a boost for luster. A technical AU coin dinged for a ding. Utter FOLLY
All comments reflect the opinion of the author, evn when irrefutably accurate.
Not with the verdigris on the reverse:(
Again, not saying those (excellent) examples ARE the same, that would be folly. Only that they are aporoximately equivalent in total, overall, (i.e."net") Quality.
Liberty: Parent of Science & Industry
I just wish I had a 1793 Liberty Cap as nice as that coin!
It's not the first, and it won't be the last that will be graded on the same terms.
Call me stupid ....I actually like the coin.
Sounds like affirmative action to me and come to think of it .... never mind my thought
I would straight grade it even though I DESPISE rim bumps.
"Money" has sure taken the "fun" out of coins.
I go by the grade on the holder. Downgrade not an option. I would price it at the NGC price.
Hey it’s a circulated coin - looks nice. Dont let them talk you down. That somebody would try tell u it’s a lesser grade they just out rip u. Let them go find one. If they such know it all go take it up w NGC lol.
When I first read the OP and the question, my first thought was there must be some tooling in the hair or something that the graders missed. I couldn't find any and thought the coin looked ok to straight grade myself.
I do not mind the rim bumps on a copper coin of this age...Though my opinion would be a '25'...Cheers, RickO
For older coins where some "slippage" is permitted, I'd prefer if TPGs would note any defects - such as the edge problems on the OP coin - on the holder label.
Very surprised with the green stuff on the reverse
Be nice if the holder was right - holder says 1803, but it looks like an 1805 to me.
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I agree with the Marine... the rim hits are minor, IMHO. I think the bigger issue are the two corrosion spots on the reverse, and again in the ribbon on the obverse. They're minor at this point, but in my experience, those grow slowly like a cancer...
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I guess what bugs me is that rim bumps - though very distracting (at least to my eye) - are often given a pass, whilst other damage (i.e. a scratch), which may actually be less distracting, will often consign the coin to a details grade.
Smitten with DBLCs.