i don't understand this grade ...

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WingedLiberty1957
WingedLiberty1957 Posts: 3,014 ✭✭✭✭✭
edited November 11, 2024 4:48PM in U.S. Coin Forum

I am shocked this coin with, what I would call terminal black toning on the obverse, got an MS68 grade. Guide price $9,000, I thought that black toning will start eating into the coins surface sooner rather than later. Isn't this an end-of-life coin? In any case, its not very eye appealing, at least to my eye. Perhaps others like it more than me?

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  • logger7
    logger7 Posts: 9,872 ✭✭✭✭✭
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    Whoever got that one graded sure must be smiling. Though I don't see the arguments about "terminal" toning evidence-based in most cases but unreal projections.

  • keyman64
    keyman64 Posts: 15,650 ✭✭✭✭✭
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    The photo looks over exposed as well. I am guessing the toning is very dark in areas, close to black, if not black. When the toning eats through the luster layer of a coin, I consider it to be a damaged coin. Not for me.

    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
  • airplanenut
    airplanenut Posts: 22,766 ✭✭✭✭✭
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    Is this a recently graded piece? While past TVs definitely made coins look too good sometimes, the more recent ones have gone the other way. It is possible for this toning to have bright lustre beneath it, and when that happens, it can be really appealing. That said, I don’t know how to read the photo. I’ll defer to the graders that held it, though as photographed, I agree that at the very least it probably shouldn’t be earning extra points for eye appeal. I’d also like to see brighter colors on the reverse (or nothing) versus the rather dull ones in the photo.

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  • Connecticoin
    Connecticoin Posts: 13,278 ✭✭✭✭✭
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    That grade was a massive gift.

  • wondercoin
    wondercoin Posts: 17,138 ✭✭✭✭✭
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    Coin just sold Sunday at GC. Check out Phil’s pics. I had no role in any side of the buy or sell of the GC coin. But, obviously I saw it.

    Wondercoin.

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • gumby1234
    gumby1234 Posts: 5,901 ✭✭✭✭✭
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    I just went to coinfacts to look and highest grade listed there is 67+ with a pop of 3 and noticed my dime is the One pictured WHOO HOO. Must be a newly graded coin in Op post, but I definitely prefer mine.

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  • david3142
    david3142 Posts: 3,693 ✭✭✭✭✭
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    This coin was previously a 67+FB so that jump to 68FB netted someone about $8K. It looks quite nice in Phil’s GC images. Not nearly as terminal as seen here.

  • gumby1234
    gumby1234 Posts: 5,901 ✭✭✭✭✭
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    The OP coin is on a different page for FB but I still prefer mine.

    Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM

  • braddick
    braddick Posts: 25,190 ✭✭✭✭✭
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    @wondercoin said:
    Coin just sold Sunday at GC. Check out Phil’s pics. I had no role in any side of the buy or sell of the GC coin. But, obviously I saw it.

    Wondercoin.

  • coinbuf
    coinbuf Posts: 12,577 ✭✭✭✭✭
    edited November 11, 2024 7:49PM
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    Yuck is the only word that comes to mind. And some here still continue to deny gradeflation. :#

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  • Connecticoin
    Connecticoin Posts: 13,278 ✭✭✭✭✭
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    The GC photo does not make the coin look any better. It has MS68 "Godzilla" toning in the center of the obverse, but IMO that should not be enough to carry the rest of the coin. 67+ seemed a stretch to me as well.

  • rays
    rays Posts: 2,424 ✭✭✭✭✭
    edited November 11, 2024 8:15PM
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    @WingedLiberty1957 said:
    I am shocked this coin with, what I would call terminal black toning on the obverse, got an MS68 grade. Guide price $9,000, I thought that black toning will start eating into the coins surface sooner rather than later. Isn't this an end-of-life coin? In any case, its not very eye appealing, at least to my eye. Perhaps others like it more than me?

    Unless you’ve seen the coin in hand, you don’t know if the peripheral obverse toning is “terminal black”, nor whether the MS68 grade assigned by PCGS is appropriate. Based upon the auction result, at least two bidders thought the coin worth nearly $11k.

  • robec
    robec Posts: 7,051 ✭✭✭✭✭
    edited November 11, 2024 9:14PM
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    @airplanenut said:
    Is this a recently graded piece? While past TVs definitely made coins look too good sometimes, the more recent ones have gone the other way. It is possible for this toning to have bright lustre beneath it, and when that happens, it can be really appealing. That said, I don’t know how to read the photo. I’ll defer to the graders that held it, though as photographed, I agree that at the very least it probably shouldn’t be earning extra points for eye appeal. I’d also like to see brighter colors on the reverse (or nothing) versus the rather dull ones in the photo.

    It sold in April as a 67+FB. Before that it was NGC 67*.

  • Steven59
    Steven59 Posts: 11,239 ✭✭✭✭✭
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    It's a picture - show me the coin in hand!

    "When they can't find anything wrong with you, they create it!"

  • jacrispies
    jacrispies Posts: 1,638 ✭✭✭✭✭
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    @robec said:

    @airplanenut said:
    Is this a recently graded piece? While past TVs definitely made coins look too good sometimes, the more recent ones have gone the other way. It is possible for this toning to have bright lustre beneath it, and when that happens, it can be really appealing. That said, I don’t know how to read the photo. I’ll defer to the graders that held it, though as photographed, I agree that at the very least it probably shouldn’t be earning extra points for eye appeal. I’d also like to see brighter colors on the reverse (or nothing) versus the rather dull ones in the photo.

    It sold in April as a 67+FB. Before that it was NGC 67*.

    This is the story of many high grade modern and type coins that run through auction nowadays. Somehow they inch up the grade ladder and people pay more and more.

    Keep your eyes peeled for this dime to be in a CACG 68+ holder next time around!!!

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  • RobertScotLover
    RobertScotLover Posts: 1,069 ✭✭✭✭✭
    edited November 11, 2024 11:28PM
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    I wonder if it is instead of black but just dark greenish plus other minor colors. Also a lot of the members talk about terminal toning being described as black toning. I think differently about that simple definition, if the toning is thin and you can see the surfaces of the coin rhubarb the toning then it should not be called terminal. To me terminal toning is when it is black and one is unable to see thru the toning. Hopefully what I wrote is understandable, its late here lol.
    BTW this coin is a coin that if I collected Roosevelts I would pass on it without question because to me I only like the bullseye

  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited November 12, 2024 12:06AM
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    The grade on the OP coin is a foregone conclusion. What I wonder is can it bring the $9,000? Perhaps so with a toner hobbyist.

    Investor
  • jmlanzaf
    jmlanzaf Posts: 43,069 ✭✭✭✭✭
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    @Cougar1978 said:
    The grade on the OP coin is a foregone conclusion. What I wonder is can it bring the $9,000? Perhaps so with a toner hobbyist.

    It sold for over $10k.... if you read the thread

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • MFeld
    MFeld Posts: 17,152 ✭✭✭✭✭
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    @WingedLiberty1957 said:
    I am shocked this coin with, what I would call terminal black toning on the obverse, got an MS68 grade. Guide price $9,000, I thought that black toning will start eating into the coins surface sooner rather than later. Isn't this an end-of-life coin? In any case, its not very eye appealing, at least to my eye. Perhaps others like it more than me?

    And while I'm not shocked, I’m surprised that you and some other posters have reached conclusions about terminal toning and/or the appropriate grade for the coin without having seen it in hand.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • jmlanzaf
    jmlanzaf Posts: 43,069 ✭✭✭✭✭
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    @MFeld said:

    @WingedLiberty1957 said:
    I am shocked this coin with, what I would call terminal black toning on the obverse, got an MS68 grade. Guide price $9,000, I thought that black toning will start eating into the coins surface sooner rather than later. Isn't this an end-of-life coin? In any case, its not very eye appealing, at least to my eye. Perhaps others like it more than me?

    And while I'm not shocked, I’m surprised that you and some other posters have reached conclusions about terminal toning and/or the appropriate grade for the coin without having seen it in hand.

    I'm not at all surprised. It actually doesn't look like terminal black to me even in the picture. But we specialize in snap judgments and stubbornness.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
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    Xmas came early this year.

    "Gold is money, and nothing else" (JP Morgan, 1912)

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  • WingedLiberty1957
    WingedLiberty1957 Posts: 3,014 ✭✭✭✭✭
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    I would certainly pass on that coin, esp at 10k. I dont find it beautiful at all. So many other coins i'd rather have for that kind of outlay. But to each their own, right?

  • tcollects
    tcollects Posts: 1,139 ✭✭✭✭✭
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    this is a canary in the coalmine moment, and that dime was retrieved from a coalmine

  • EarlyUS
    EarlyUS Posts: 306 ✭✭✭
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    Going by images alone, the NGC grade made much more sense.

    James at EarlyUS.com

    On the web: http://www.earlyus.com
  • golden
    golden Posts: 10,538 ✭✭✭✭✭
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    Not a coin that I would want.

  • fathom
    fathom Posts: 2,203 ✭✭✭✭✭
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    In hand or not it is very dark. Easy to establish that is a dark duck by the duck test.

    If you play the condition rarity game you walk the high wire act of demand vs. value long term.

  • Married2Coins
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    @rays said:

    @WingedLiberty1957 said:
    I am shocked this coin with, what I would call terminal black toning on the obverse, got an MS68 grade. Guide price $9,000, I thought that black toning will start eating into the coins surface sooner rather than later. Isn't this an end-of-life coin? In any case, its not very eye appealing, at least to my eye. Perhaps others like it more than me?

    Unless you’ve seen the coin in hand, you don’t know if the peripheral obverse toning is “terminal black”, nor whether the MS68 grade assigned by PCGS is appropriate. Based upon the auction result, at least two bidders thought the coin worth nearly $11k.

    I know black soot corrosion when I see it in a terrific image. As for the two bidders, we live in a sorta free country so I'm sad for both the winner and the loser. I will say the coin looks like a pretty black opal.

  • PerryHall
    PerryHall Posts: 47,762 ✭✭✭✭✭
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    @Married2Coins said:

    @rays said:

    @WingedLiberty1957 said:
    I am shocked this coin with, what I would call terminal black toning on the obverse, got an MS68 grade. Guide price $9,000, I thought that black toning will start eating into the coins surface sooner rather than later. Isn't this an end-of-life coin? In any case, its not very eye appealing, at least to my eye. Perhaps others like it more than me?

    Unless you’ve seen the coin in hand, you don’t know if the peripheral obverse toning is “terminal black”, nor whether the MS68 grade assigned by PCGS is appropriate. Based upon the auction result, at least two bidders thought the coin worth nearly $11k.

    I know black soot corrosion when I see it in a terrific image. As for the two bidders, we live in a sorta free country so I'm sad for both the winner and the loser. I will say the coin looks like a pretty black opal.

    In some auctions, the underbidder is the actual winner of that auction.

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