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Saturday morning coffee with coins

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  • mirabelamirabela Posts: 5,087 ✭✭✭✭✭


    mirabela
  • BarberianBarberian Posts: 3,897 ✭✭✭✭✭
    edited April 19, 2025 10:05PM

    @Copperindian said:
    @Barberian: he was a former PCGS grader & more recently (after the green tag days). He bought it without the sticker & submitted it to CAC after he left PCGS.
    You don’t need more sugar - you posted good comments that were instructive & appreciated.

    Certainly, as a former grader, the seller has the ability to spot undergraded coins. Good grading skills, education, and a good eye are the 'secrets' to success in this hobby. I like to think that's the case here.

    I didn't fully understand why collecting was off limits for TP graders. My understanding was that graders were well compensated for their grading skills for the sacrifice they make to be graders. They can make a good living in the coin business off of their grading skills alone and need to be properly compensated.

    Then I read somewhere about the corruption among TP graders that I found hard to believe for ethical and even practical reasons. One would have to wait for a deliberately undergraded coin to come up for sale. However, I realized as I'm typing this that large submissions from auction houses create that opportunity for such corruption to occur. While it was fresh in my mind, I see this gold-stickered coin owned by a TP grader and this bad scenario popped into my head. A gold stickered coin is usually at least 1.5 grades higher than the stated TPG grade.

    My apologies to that former grader and seller if I cast some shade on their sale here, but I'm becoming a bit more aware of some potential ethical loopholes in the coin business.

    To flip this discussion, here's an 1854-O half that was deliberately overgraded by PCGS. Their staff even defended their grade for this coin ("It's choice") in a thread here years ago. It has to be regraded at least two grades lower to ever receive CAC's approval after showing it to JA on CAC's forum - "Where's the E in LIBERTY?"

    It also comes with a nice story that I'll share here. It was purchased raw off eBay about 15 years ago, but I returned it to the wrong seller. It was so perfectly and ethereally toned that I thought it must have been cleaned, which was really bone-headed of me. The original seller was startled because not only did I send it to the wrong seller, but he said it was his grandfather's coin and had been in an envelope for decades to acquire that toning. The 2nd seller of course had no idea where the coin came from but submitted it to PCGS anyway and it graded VF30. I tracked it down and the second seller sent it back to me after I paid for his grading fees.

    There are really excellent, decent people in this hobby and this coin (one of my favorite SLHs) is a reminder to me of that fact.

    PCGS VF30 with VF20-ish wear

    3 rim nicks away from Good
  • BarberianBarberian Posts: 3,897 ✭✭✭✭✭

    @DNADave Wow! Those are some very nice lower grade Barber halves! That's going to be a really nice attractive set when finished.

    3 rim nicks away from Good
  • OAKSTAROAKSTAR Posts: 7,895 ✭✭✭✭✭
    edited April 19, 2025 12:17PM

    @tyler267 this is another way. I hit the banks this morning before closing. I little Hispanic guy was standing on line in front of me. He was holding this in his arms. My eyes got big and my jaw went slack! 😳 😱

    Right away, I thought he was a collector. I tapped him on the shoulder. He spoke very little English. Nope, not a collector. He has some kind of vending machine business.

    He even let me keep the container. 🤣 😂 You know the rest of the story....

    P.S. For all you coin roll hunters. When you're on-line at a bank, always look around for that person carrying a heavy bag. That's the person cashing in the coin. Intercept them before they hit the teller window!

  • pursuitoflibertypursuitofliberty Posts: 7,193 ✭✭✭✭✭

    @Inspired70 said:
    So awesome Eldo! You need to frame that for the wall.

    .
    I heard @Eldorado9 was making that into actual wallpaper for one wall of the Man-cave. ;)


    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
  • pursuitoflibertypursuitofliberty Posts: 7,193 ✭✭✭✭✭

    @EastonCollection said:
    When I met this JR-1 I fell in love with this dime. I asked her to marry me I am still waiting for an answer but I took her home with me. All I can say, this thread is showing off so many beautiful and wonderful coins. This is so much fun to be apart of this thread.

    I only copied part of it.

    I guess it didn't matter if she wanted to marry you or not, she had a place at your place as long as you could convince her to stay. <3:p

    What a GREAT coin!!

    And I agree with you about this thread. It seems like this is almost always one of the most fun and best threads of the week, week after week. This week, we really poured it on I think. Fantastic coins.

    Thanks to @DCW for starting this thread back in early 2022, and continuing to contribute to it 3+ years later.


    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
  • Downtown1974Downtown1974 Posts: 6,909 ✭✭✭✭✭

    @lkenefic said:
    I'm spending a little time with these ladies this AM...



    These are just spectacular!
    I think when I return to actively pursuing coins again, this is the direction I am heading.
    Ever since I bought those raw large cents from you a while back, I’ve been intrigued. Other than pre-33 gold, nothing else has held my attention span. Something about a nice, chocolatey, large brown cent gets me.

  • lkeneficlkenefic Posts: 8,306 ✭✭✭✭✭
    edited April 21, 2025 7:14AM

    @Downtown1974 said:

    @lkenefic said:
    I'm spending a little time with these ladies this AM...

    These are just spectacular!
    I think when I return to actively pursuing coins again, this is the direction I am heading.
    Ever since I bought those raw large cents from you a while back, I’ve been intrigued. Other than pre-33 gold, nothing else has held my attention span. Something about a nice, chocolatey, large brown cent gets me.

    Thanks! And I'm glad the large copper coin bug has stuck... I suffered (?) the same fate... :smile:

    Seriously though... the 1819/8 was purchased raw on ebay probably 3-4 years ago now. There was an old EAC collector liquidating a large collection and this is one of his coins I won. I thought I had paid too much at the time, but I sent it to our hosts and it came back AU58 so I did pretty well on that one. The same dealer had an 1816 that was in similar condition... I was outbid on that auction as well as several others. I did win an 1835 (Head of 36) from the same dealer and I'll likely submit that one to our hosts this summer. She's currently in my Wayte Raymond album. The 1855 was purchased raw from Tom Reynolds as an AU50 and she came back at AU55. I bought the 1839 Booby Head from Pierre Fricke, also raw... he had it as XF45 with "choice color". I wasn't sure if the lamination error or the rim hit at 9 o'clock would prevent a straight grade but apparently our hosts thought it was OK and she straight-graded at AU50. The 1820 was purchased off ebay as a PCGS certified XF... I thought they were a little hard on this coin. I had cracked it and had put it in my album for a while... I resubmitted last summer with the other coins and she also came back AU50. I'm not a huge fan of the photo as it doesn't really show the coin's color as it appears in-hand, but I'm very delighted with the upgrade... Best, Leo

    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.
  • JWPJWP Posts: 24,987 ✭✭✭✭✭

    USN & USAF retired 1971-1993
    Successful Transactions with more than 100 Members

  • lkeneficlkenefic Posts: 8,306 ✭✭✭✭✭

    @DCW said:
    Never would have thought this thread, one that began in a parking lot while I was waiting for my daughter to come out of her ballet lesson, would still be going after all this time. It's kind of grown into a little club. In fact, we should make our own coffee mugs. You guys are the best, and your coins aren't so bad, either!
    Stay caffeinated and Happy Saturday!

    Haha! I used to delve into coins while waiting on my daughter to get done with ballet too!

    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.
  • CircCamCircCam Posts: 306 ✭✭✭✭✭

    @DCW said:
    Good morning all,

    Sitting on the porch on a cool, overcast Jersey day.
    Here is a medal commemorating National Coin Week by the Guttag Brothers in 1923.

    Did you know this week was National Coin Week? 😆

    Happy Saturday, everyone. Stay caffeinated

    That Guttag medal has been on my list for awhile; such a strange design and just screams the time period.

    I’d settle for a copper one that isn’t messed with, but cool to see the silver issue. Nice!

  • ShurkeShurke Posts: 606 ✭✭✭✭✭

    @Inlander, I like your mug almost as much as I like that Indian cent!

  • InlanderInlander Posts: 98 ✭✭✭

    @Shurke said:
    @Inlander, I like your mug almost as much as I like that Indian cent!

    Thanks @Shurke! I got the mug from a recent family trip to Disneyland. The 1906 came from Woodland Treasure, in a nice easy transaction :)

  • Pnies20Pnies20 Posts: 2,448 ✭✭✭✭✭

    Also drinking a Sicilian coffee at maggianos if that counts lol

    BHNC #248 … 130 and counting.

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