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Straight graded PCGS 64
gumby1234
Posts: 5,438 ✭✭✭✭✭
How could this coin not be in a details holder for the scratch going across the reverse from one side to the other?
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
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Wow! That doesn't look like a strike-through from the image.
In honor of the memory of Cpl. Michael E. Thompson
Is this currently on auction at GC? Looks like it needs to be pulled if it is.
@TomB no its a scratch for sure. These coins on the gtg are throwing me for a loop.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
Well, as you know, a coin’s obverse is weighted considerably more heavily than its reverse. So, since I haven’t seen the obverse, I’ll withhold judgment.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@MFeld even thou what you say is true a damaged coin is damaged no matter what side its on.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
I dont know if its at auction.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
I dont know if its at auction.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
Ouch! That one hurts! And not just one scratch!
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Definitely looks like a staple scratch. This coin should have received a details grade.
@ianrussell Do you ever pull auction lots when the coin has damage that is not noted on the slab label?
Worry is the interest you pay on a debt you may not owe.
It sounds like my effort at humor failed.😬
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
From the photo It looks like a scratch to me.
@MFeld sorry I didn't notice the wink emoji.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
Two
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
@Jimnight there's more than one scratch, but the main offender goes across the whole coin.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
Why?
If the coin is in an auction it's up to the buyer/bidder to LOOK AT THE COIN
I don't think it's up to the auction house to judge the coin, only list it for auction.
Buyer beware!
JMO
Mike
My Indians
Danco Set
Seriously? So it is ok for a dealer to just slip this by and sell it to some sorry fool as well? The coin is clearly damaged and does not merit its current Mint State grade. It needs sent back to PCGS, not sold to the highest bidder.
So.. is there a cert number or GC sale attached to this coin? I need proof to believe this coin straight graded. I see it is a GC photo so there must be a sale for it.
Collector, occasional seller
There are so many coins listed for sale with problems not called out on the holder and straight graded. It's a point I've been trying to make for some time now.
Yes, I agree it should be sent back to the TPG company, but I don't agree on the auction house to make that call. There job is to list the coin for auction, not to judge the condition of the coin.
Again
JMO
Mike
My Indians
Danco Set
Show the coin in the holder, both obverse and reverse.
Spring National Battlefield Coin Show is September 5-7, 2024 at the Eisenhower Hotel in Gettysburg, PA. WWW.AmericasCoinShows.com
Irregardless it is unacceptable to me. A case in point one needs to look at the coin! Are people even bidding on it?
I dont have holder pics, just the GTG pic from mycollect.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
Tis but a scratch
@alaura22 while it probably isn't the responsibility of the auction house to do something about coins like this, it would be nice to know that they would. Peace of mind when buying is something that everyone should have.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
From the picture, I question whether the coin is actually in a TPG holder.
Spring National Battlefield Coin Show is September 5-7, 2024 at the Eisenhower Hotel in Gettysburg, PA. WWW.AmericasCoinShows.com
https://www.greatcollections.com/Coin/1520379/1932-Indian-Gold-Eagle-PCGS-MS-64-CAC-Green
CAC even enjoyed the scratch
I couldn't agree more. The market should decide if a coin is "market acceptable," unless the damage is egregious.
Mike
My Indians
Danco Set
I take that back. 3 scratches on the reverse.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Holy Cow! I was going to ask if the coin stickered, as a joke!😳
@1madman WOW even a CAC sticker on it.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
I saw that coin on guess the grade over at MyCollect also. I figured it would at last been net graded down to AU because of that scratch and I got it wrong.
Mr_Spud
I was going to say missed by a grader on a very busy or bad day, but it's also stickered. The coin
earns a place on my worst CAC coins list.
Doug
There has to be a reasonable explanation for this coin getting a straight grade AND a CAC sticker.
I am perplexed as to what it could be
Mike
My Indians
Danco Set
Are you guys sure it is a staple scratch as it seems impossible CAC would pass the coin especially a gold coin with such an obvious mark. Rather PCGS and CAC. Must be another explanation
Maybe the visually challenged are being hired?
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
@Walkerlover Look at the GC slab pics. You can zoom in on them. At least 3 scratches on the reverse.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
There is no end to that mindset.
Mechanical label error? Let it bid and the market decide!
Tooled? Let it bid and the market decide!
Counterfeit TPG holders? Let it bid and the market decide!
When a mistake is caught, it should be addressed.
I don't know if you're a seasoned veteran or a new collector but
caveat emptor
Mike
My Indians
Danco Set
This coin is a great example of buy the coin not the snickered holder!
peacockcoins
At first I thought oh well somebody, didn't do their job, it happens, but then saw pcgs holdered it MS64 and then CAC beaned it. More to this story, I would imagine. Now it pauses me to think that this may be a replacement coin for the real coin, as it is not even a serious coin for the collector. Might be easy to make a grand doing it. Just doesn't seem feasible for both graders to miss this most obvious error. Hopefully Ian will see this and investigate the holder to insure it correct.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
I was looking thru a dealer's silver dollars this past weekend, low and behold a colorful toned NGC * star with a huge scratch on reverse. Not noted, and given a star designation, obviously missed.
Jim
The coin sold already
https://www.greatcollections.com/Coin/1520379/1932-Indian-Gold-Eagle-PCGS-MS-64-CAC-Green
But you do make a great point about the coin was taken out of a holder and replaced with that one.
I can't think of any other way that that coin could be graded and stickered
Mike
My Indians
Danco Set
Wow, it didn't go cheap either. Tears will fall at the eye doctor's.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
If you think that the sticker cannot be applied fraudulently then think again. Just as a slab can be produced fruadulently.
I have to believe that the is a case of both. In fact it is a no brainer imo
There is no other rational explanation
Now, how do we prove it?
Mike
My Indians
Danco Set
There certainly are a few, but that long rim to rim, that would drive me mad to buy it and then see it. I hope no one gets deceived.
Cheers, and God Bless, CRHer700
It also sold at Stacks
https://auctions.stacksbowers.com/lots/view/3-11GTWK/1932-indian-eagle-ms-64-pcgs-cac
PCGS and CAC got this one wrong. There's also a pretty decent scratch across the denomination.
Collector, occasional seller
But so far we’ve only seen a part of the ( clearly scratched) reverse!
Now, just for some hypothetical fun:
What if the obverse of this $10 Indian should just happen to look like a nice ‘A’ grade MS67?
1.What would it be worth then, commercially, or to you personally, if it ‘details’ graded for being damaged?
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
How about melt?
Mike
My Indians
Danco Set