Grades From My Latest Coins Submission
ELuis
Posts: 1,152 ✭✭✭✭✭
Just got the grades from my latest coins submission, two came as genuine one with details and the other damage.
For the genuine option, I always select "Do Not Holder".
And also always used the express service, so at least some money goes to the trash.
I think it is time to stop the grading part and leave the coins raw, need to learn more about how to select the proper coin(s) to be sent for grading and not waste.
Here are the grades of the six coins:
Will post the TVs once available.
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Comments
In my experience you’re doing just fine. I would consider sending them in regular instead of express, unless the value is high.
Many times I send the same coin back in and it grades just fine. This isn’t really an indication that they (or you) don’t know what they’re doing, more an indication that early coinage had a very wide range of quality in addition to the life they’ve lead afterward. Almost every 1700’s coin HAS been cleaned. How it was cleaned, when (has it recovered) and whether one considers minor hairlines to be normal circulation marks or striations from cleaning, will determine what happens. I think most pillar coinage shouldn’t be certified because of cleaning or damage, the ones you and I are dealing with are probably (usually) somewhere riding the line. This means you’ll win some and you’ll lose some.
What you have going on above is to be the expectation, not the exception.
If that doesn’t work for you, that’s ok, just buy them certified or raw and keep them that way.
I'm BACK!!! Used to be Billet7 on the old forum.
@SimonW Thank you!
Posting images of the two coins that I have for reference:
Just judging from the images, I’d give both of those a 50/50 shot. The one has almost certainly been cleaned, but also could grade. The pillar is damaged, not terribly so. The damage is on the crown on the pillar side, the bottom loin on the shield side, and the rim. It may be because it’s not just the one thing, but all three.
I would assume also that part of the problem is that they’re both high grade, they get more stringent as the grade increases. If that pillar was a VF or less it would fly right on by, but being an AU or better, much tougher.
If you sent them both in again, I would imagine at least one would grade.
Just based on my experiences.
I'm BACK!!! Used to be Billet7 on the old forum.
I saw that issue on the 1/2R, but after I had that in hand, bought some coins with this and I should put more attention, before buying,
On the 1800 Real, to me I do not see any issue, in hand the coin looked uncirculated in at least good condition.
Again, I need to pay more attention.
Edit to add: One coin I bought from a site where they have a note "Refer to the image for condition" the other one from a site where they have a condition on each of their coins.
I think the obverse fields look bright on the 1800. Still a very nice coin! I learned a similar lesson the hard way at NGC with this 1813 Guadalajara 8r.
Got the TVs of each of the coins, will post these tomorrow on the "North/South/Central American Coins Thursday, let's see them!" topic.
I went and deleted two sites from my list one that have on their coins the tag to "refer to images for the condition of the coin" and the other one that has a condition but that did not help at all, so no more buys from them.
Thanks for sharing your recent submission results! Looking forward to seeing the TVs tomorrow.
I can see why those two coins did not grade, though neither is egregious. There is definitely some tuition to be paid buying raw coins....
My current "Box of 20"
Indeed, I only have 3 years doing the grading part and yes one has to learn.
The TRUEVIEWs from the four coins are now posted on:
"North/South/Central American Coins Thursday, let's see them!" topic.
Thanks!
I went today to pick up the package with the coins.
About the two coins that end up with details.
1800 1R - Cleaned.
1763 1/2R - Damage Bent.
So was not the part on the reverse of the area of the dragon, something I did not check, just did that now and if it is is very little.
Edit: Will be selling these on the next coin show that I am going and mentioned for sure the details on both coins.
I feel you. I have terrible luck with coins. For what it's worth, I really love that first coin you posted and would probably keep it. The toning is amazing.
These were all purchased on auction and listed as "prachtexemplar" with "feine patina." I know the auction house can spot polishing, and don't understand why they purposely omit that from the listings and even state they have gorgeous patinas.
I'm selling these as well probably. They look beautiful in person but knowing they are cleaned is just bothersome.
Wow, those are too many that went the details route, not good.
I took out from my list the sites where I had coins with issues and that they do not mention anything, even those that have a note on each that one has to determine the condition based on the images they have on their site. In the places that I have bought coins in many cases you have to act fast, a coin can go quite fast and you do not have enough time to test the condition with that simple info available, so to me is not that easy. None, for example at least in my case, have seen the edge image of a coin, to mention just another one I bought in the past, a 1R that I paid $300 for and when I got that in hand it was bent, damaged.
The 1R 1800 that was at $122The 1/2R 1763 I paid $280Plus the express service on both $140 + portion of the $10 fee + shipping + insurance.
There is a show in May, I will trade or sell both coins there, have done that in the past, know some of the guys that sell coins there.
Sorry I have to do some venting.
@mkivtt
Before you sell any of the coins that did not straight grade, you might try and look at other examples in auction archives or other on line references to develop and comparison as to your coins verse the surviving population. You might even consider keeping them as a point of reference that might help define what are the attributes of a cleaned coin. Sometimes hairlines from a cleaning is obvious and other times hairlines are hidden by toning. Luster can be impaired by a cleaning. Sometimes the question of what is market acceptable is subjective. And understanding and handicapping subjectivity can be the greatest grading challenge.
Edited to add:
Grading across the Pond and in Europe in terms of the strike, pattern of wear in contrast to the strike and cleaning are not viewed in the same light in the States.
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