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AU55 to MS62 - Voila!

RonyahskiRonyahski Posts: 3,119 ✭✭✭✭✭

PCGS AU 55 - August 2018

NGC MS62 - October 2018


Some refer to overgraded slabs as Coffins. I like to think of them as Happy Coins.
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Comments

  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭

    I am happy for you! :) ...... so who is right with the grade here?

  • RonyahskiRonyahski Posts: 3,119 ✭✭✭✭✭

    Not mine.
    The former.

    Some refer to overgraded slabs as Coffins. I like to think of them as Happy Coins.
  • notwilightnotwilight Posts: 12,864 ✭✭✭

    Would have been a good "guess the grade".

  • RayboRaybo Posts: 5,337 ✭✭✭✭✭

    The 55 grade was a big gift to begin with....or am I missing something?

  • ChrisH821ChrisH821 Posts: 6,722 ✭✭✭✭✭

    I think pcgs had it right. Cool coin regardless

    Collector, occasional seller

  • coinlieutenantcoinlieutenant Posts: 9,320 ✭✭✭✭✭

    55 seemed right on to me. Looks original and nice but with obvious rub.

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    This is just one reason (of several) why I have no respect for the guys ATS-the Need Glasses Charlie? boys. Can ICG be any worse?

  • RayboRaybo Posts: 5,337 ✭✭✭✭✭

    @ChrisH821 said:
    I think pcgs had it right. Cool coin regardless

    What image are you looking at?

  • ChrisH821ChrisH821 Posts: 6,722 ✭✭✭✭✭

    @Raybo said:

    @ChrisH821 said:
    I think pcgs had it right. Cool coin regardless

    What image are you looking at?

    I'm no expert on these, maybe I should have said PCGS had it closer?

    Collector, occasional seller

  • RayboRaybo Posts: 5,337 ✭✭✭✭✭

    @coinlieutenant said:
    55 seemed right on to me. Looks original and nice but with obvious rub.

    I'm not any kind of an expert of grading gold coins......guess I need to brush up on gold before I open my big yap.

    Sorry! :#

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    I actually think AU55 is a gift. The usual MS62 is a 58.

  • ChrisH821ChrisH821 Posts: 6,722 ✭✭✭✭✭

    Just noticed that's a $30k grade bump. Wow!

    Collector, occasional seller

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    Yet another reason to learn to grade for yourself, especially if you're a buyer.

  • oih82w8oih82w8 Posts: 12,576 ✭✭✭✭✭

    ...but will it CAC? Undoubtedly...no.

    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,...
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  • messydeskmessydesk Posts: 20,294 ✭✭✭✭✭

    @BryceM said:
    It’s so strange that wear is disappearing and metal is returning. I never would have thought it possible.

    It's been relustrified!

  • RayboRaybo Posts: 5,337 ✭✭✭✭✭

    @afford said:
    WOW!!
    NGC is losing it imho.

    Both top tier services are losing it IMHO.
    I'm just glad that I currently am not an avid collector of gold......................

  • RayboRaybo Posts: 5,337 ✭✭✭✭✭

    @messydesk said:

    @BryceM said:
    It’s so strange that wear is disappearing and metal is returning. I never would have thought it possible.

    It's been relustrified!

    What?

  • lkeneficlkenefic Posts: 8,559 ✭✭✭✭✭

    Wow... this reinforces the adage... buy the coin, not the plastic!

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • WalkerfanWalkerfan Posts: 9,728 ✭✭✭✭✭

    Looks to have obvious wear, especially in the first images.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

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

    @Raybo said:

    @afford said:
    WOW!!
    NGC is losing it imho.

    Both top tier services are losing it IMHO.
    I'm just glad that I currently am not an avid collector of gold......................

    I couldn't agree more. If the two of them don't straighten up, the market will continue to decline and will never recover fully.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭
    edited October 12, 2018 11:04PM

    @insider2 - You and a handful of others seem to be a proponent of allowing coins with wear into MS holders at times in the name of "grading evolution." Can you defend this one?

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    No grading service is immune to the AU/MS62 (or MS61) thing. It's just that some do this more frequently than others. I don't see how professional grader can call any coin with wear Mint state.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    The AU grade was appropriate... That is not an MS coin....Cheers, RickO

  • gtstanggtstang Posts: 1,778 ✭✭✭✭✭

    I don't know much about gold but my whack at a grade here would of been au50 or au53.
    It def does not look ms.

  • kazkaz Posts: 9,265 ✭✭✭✭✭

    That's just.... nuts.

  • logger7logger7 Posts: 9,015 ✭✭✭✭✭

    I'm expecting some credentialed expert to comment on this in some forum where he will be accepted as the 'authority'; "WHAT MUST BE UNDERSTOOD IS THAT THE BRANCH MINTS AND ESPECIALLY THAT ONE IN CHARLOTTE HAD SUBSTANTIALLY SUBSTANDARD STRIKES AND IN LIGHT OF THAT THE COIN IS PROPERLY GRADED AND MARKET ACCEPTABLE!!!" LOL

  • OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭

    @BryceM said:
    It’s so strange that wear is disappearing and metal is returning. I never would have thought it possible.

    That's a reverse circulated

    Steve

    Promote the Hobby
  • tradedollarnuttradedollarnut Posts: 20,199 ✭✭✭✭✭

    I am not 100% convinced that those are the same coins. Yes, I see a lot of similarities in ticks, but I also see some differences - enough not to trust either image as accurately representing the coin

  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    edited October 13, 2018 7:14AM

    Soaked in Tang before resubmission or did HA's photos overexposure wise just rip it apart?

    If I was the consignee at HA I would have pleaded for a Crayola drawing over those photographs.

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • AngryTurtleAngryTurtle Posts: 1,587 ✭✭✭

    @tradedollarnut said:
    I am not 100% convinced that those are the same coins. Yes, I see a lot of similarities in ticks, but I also see some differences - enough not to trust either image as accurately representing the coin

    The pictures gave me the same feeling when I first looked at it, but the more I found small marks the more they correlated.
    Look at the mouth, star 13, the fields to the eagles right, the spot behind the head...

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭
    edited October 13, 2018 8:10AM

    Reverse marks confirm that it is the same coin.

  • tradedollarnuttradedollarnut Posts: 20,199 ✭✭✭✭✭

    Hey - I get you. There’s enough similarities to suggest they came from the same coin. I’m just not convinced that they ARE the same coin. How does this curl sharpen up on the NGC coin? At a minimum, it suggests the photography differences are enough to call any grade pronouncements into question...at a maximum it suggests something more nefarious


  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited October 13, 2018 8:25AM

    @tradedollarnut said:
    I am not 100% convinced that those are the same coins. Yes, I see a lot of similarities in ticks, but I also see some differences - enough not to trust either image as accurately representing the coin

    I am convinced. Beyond color and contrast differential, three identical marked areas on reverse.
    1) in field below 1st "T" in "States" - hole and deeper horizontal cut.
    2) Left wing 3rd lower small feather - mark
    3) Shield stripe #4 - broad bisecting mark 28% down

    The piece has not been "relustrified". It has been "refurbished" >:)

    Perhaps Tang mixed with Gulden's Mustard and sealed with 1958 Cohiba smoke?

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • MaineJimMaineJim Posts: 762 ✭✭✭✭✭


  • AngryTurtleAngryTurtle Posts: 1,587 ✭✭✭

    I absolutely agree with TDN that the photography differences make grading from these photos a guessing game. I think you can draw some tentative conclusions but would have to see the coin in hand to really come to a definitive conclusion.

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

    Based on detail/wear I would grade this coin 40-45.

  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    not sure whether it is the same coin but keep in mind that it isn't unusual for NGC gold to get a grade less money than pcgs gold

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    edited October 13, 2018 9:08AM

    @coinlieutenant said:
    Geez....that one is pretty obviously circ to me.

    62 can be a circulated grade in market grading which is used by all the TPGs and taught by the ANA.

  • BillJonesBillJones Posts: 34,783 ✭✭✭✭✭

    The first picture is typical of what Heritage does when they overexpose the item. The color gets washed out, and sometimes some of the marks get blasted off the photo only to appear when you see or get the coin. At the same time, I think that the surfaces have been darkened.

    I think that this coin needs to be closer to Unc. to call it Unc. Such are the oxymorons of market grading.

    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 ... ?
  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭

    calling on @Insider2 :)

  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭

    I would expect that from a self-slabber/ 4th tier (PCCS, NCG, etc.) but not from NGC.

  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    You convinced me --- it's neither AU or MS-62. It's a middling EF with a lot of bumps and nicks. :)

  • RonyahskiRonyahski Posts: 3,119 ✭✭✭✭✭

    The coin was bought out of a Heritage auction in a PCGS AU55 holder, cracked out and sent to NGC, came back NGC MS62. That is a very significant grade for an 1939-C quarter eagle, as there are only four known in the grade, and only one coin graded higher, an NGC MS63 that has not been seen since 1999.

    This coin is also significant as a die marriage. There are three die marriages for 1839-C, and this coin is the rarest marriage, an R-6 with an estimated 25 known.

    I see lots of calls for an AU grade, a few for a bit lower, and none so far for MS.

    The strike on this marriage is always weak within the stars, and weak at the wing tips, which is an unusual spot. So some might think they are seeing additional wear on the coin.

    All of the coins of this marriage also have a striking defect on the face of Liberty, covering most of the cheek and behind the eye. It may look like marks and chatter in the pictures. I call these coins Bandit Face, looks like Miss Liberty is wearing an eye mask.

    Some refer to overgraded slabs as Coffins. I like to think of them as Happy Coins.
  • ashelandasheland Posts: 23,714 ✭✭✭✭✭

    Interesting!

  • SmudgeSmudge Posts: 9,817 ✭✭✭✭✭

    Nice coin, but not MS.

  • CatbertCatbert Posts: 7,600 ✭✭✭✭✭

    @FSF said:
    Noice!

    FSF - you've been here a month and 98% of your 50 posts have said this. Any other words in your vocabulary? ;)

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"

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