Why would anyone submit a common circulated 1940 Walker to be graded?
I think it's very likely a proof, and probably submitted as such. I also think it's worth a premium, because it's a one-of-a-kind coin as the lowest graded PCGS proof in the entire Walker series. The next lowest is a 1942 in PR45.
@braddick said:
Collector: "CAC, would you sticker a PCGS 1964 SMS (mintage of around ten)?"
CAC: "No."
Collector: "CAC, would you sticker a common- minted by the millions- clad proof Ike dollar?"
CAC: "Of course, yes."
I thought it was only business strike Ikes that CAC accepts.
@braddick said:
Collector: "CAC, would you sticker a PCGS 1964 SMS (mintage of around ten)?"
CAC: "No."
Collector: "CAC, would you sticker a common- minted by the millions- clad proof Ike dollar?"
CAC: "Of course, yes."
I thought it was only business strike Ikes that CAC accepts.
You're right!
Here's the updated conversation:
Collector: "CAC, would you sticker a PCGS 1964 SMS (mintage of around ten)?"
CAC: "No."
Collector: "CAC, would you sticker a common- minted by the tens of millions- clad Ike dollar?"
CAC: "Of course, yes."
Ok, after a few hours of comparison, I am fairly certain this coin is a Proof. Note the recutting on the reverse of this Proof:
Matches the recutting here:
Only Proofs have recutting in that area. It was lucky this coin was from a die with recutting, or else I doubt it could ever be proven it is a PR coin. Whatever the case, $400 for the coin is crazy to me. It must have been an early die state right after the recutting, because I didn't find another example with the same level of detail in the AW.
@FlyingAl said:
Ok, after a few hours of comparison, I am fairly certain this coin is a Proof. Note the recutting on the reverse of this Proof:
Matches the recutting here:
Only Proofs have recutting in that area. It was lucky this coin was from a die with recutting, or else I doubt it could ever be proven it is a PR coin. Whatever the case, $400 for the coin is crazy to me. It must have been an early die state right after the recutting, because I didn't find another example with the same level of detail in the AW.
I’d feel more confident in your conclusion if you’d spent a few weeks, and not merely just “a few hours”comparing coins. But seriously, very well done!👍
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I was pretty sure it was MS, so that's why it took so long. It really had all the hallmarks of an MS coin until I found the recutting. Bad pictures weren't a huge help, and multiple repolishes on Proof dies makes it very hard to find a match at times.
I much rather have an impaired proofing that low of a grade. It is undoubtedly more rarer and really easy t distinguish if one knows the pup's. There is more interest here than a run of the mill business strike. Surpised by the negs here but knowledge is king. Congrats to the buyer.
Comments
Why would anyone submit a common circulated 1940 Walker to be graded?
I think it's very likely a proof, and probably submitted as such. I also think it's worth a premium, because it's a one-of-a-kind coin as the lowest graded PCGS proof in the entire Walker series. The next lowest is a 1942 in PR45.
I thought it was only business strike Ikes that CAC accepts.
You're right!
Here's the updated conversation:
Collector: "CAC, would you sticker a PCGS 1964 SMS (mintage of around ten)?"
CAC: "No."
Collector: "CAC, would you sticker a common- minted by the tens of millions- clad Ike dollar?"
CAC: "Of course, yes."
I think I followed that coin on eBay a while back. It was interesting, but $400 was way more than I would ever pay for it.
I collect world proof sets, coins featuring composers, mid-20th century U.S. proof coins, U.S. type coins, and whatever else I want.
Ok, after a few hours of comparison, I am fairly certain this coin is a Proof. Note the recutting on the reverse of this Proof:
Matches the recutting here:
Only Proofs have recutting in that area. It was lucky this coin was from a die with recutting, or else I doubt it could ever be proven it is a PR coin. Whatever the case, $400 for the coin is crazy to me. It must have been an early die state right after the recutting, because I didn't find another example with the same level of detail in the AW.
Coin Photography
Missed by PCGS and CAC........oh my!!!
Say it isn't so!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I’d feel more confident in your conclusion if you’d spent a few weeks, and not merely just “a few hours”comparing coins. But seriously, very well done!👍
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@MFeld
I was pretty sure it was MS, so that's why it took so long. It really had all the hallmarks of an MS coin until I found the recutting. Bad pictures weren't a huge help, and multiple repolishes on Proof dies makes it very hard to find a match at times.
Coin Photography
I got one of those coinsdoes that make it valuble
i think you should send it back for reslabbing and a free coupon for another
I much rather have an impaired proofing that low of a grade. It is undoubtedly more rarer and really easy t distinguish if one knows the pup's. There is more interest here than a run of the mill business strike. Surpised by the negs here but knowledge is king. Congrats to the buyer.