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Coin with prominent black spot.
Cougar1978
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Do you believe a coin with a prominent black spot can be MS64 or higher? Do think it would be tough to get all the money on it (discounted)?
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What?
spot like that are localized terminal toning. so i think it could be a 70.
i expect, in the presence of non-spotted coins, to get less
I guess an online auction starting around melt would be the vehicle to get rid of C coins (black spots).
I don’t like black spots on coins. My advice look at what your bidding on and review carefully both sides spots, for major marks, dark spots, hairlines, etc. check both sides of the coin carefully.
Problematic at best. Doubtful at worse.
Need a picture.
JA will not CAC a coin with a black spot.
Any coin with a "prominent black spot" will never get a 70 from a major grading company. Of course, a coin graded 70 could develop a black spot after being graded and slabbed.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
You definitely can't get "all the money" if it is discounted.
Easiest question ever asked. We don't even need pictures.
All comments reflect the opinion of the author, even when irrefutably accurate.
@Cougar1978 - You must mean something like this? 😂 🤣
Those spots almost certainly appeared after the coin was certified. It should be sent back to PCGS for them to honor the grade guarantee.
Official PCGS account of:
www.TallahasseeCoinClub.com
Agree. It may have been graded and slabbed during cold and flu season.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I don’t believe that the PCGS guarantee covers spotting.
Here’s what I found for their guarantee: https://www.pcgs.com/guarantee
And among the exclusions to their guarantee, they state:
“ Coins exhibiting environmental deterioration. The PCGS Guarantee does not apply to coins exhibiting environmental deterioration subsequent to PCGS grading and encapsulation. This deterioration may include, but is not limited to, spotting, hazing, PVC contamination, changes in color, and corrosion.”
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Look here at an old David Hall post and check out the commentary on the 1899 cent.... The OP quarter was certified even before that comment was posted.
I am advocating for the OP's situation and hope PCGS will kindly assist, even if the current guarantee does not require it.
Official PCGS account of:
www.TallahasseeCoinClub.com
If it's prominent enough, a black spot should yield an environmental damage details grade. I'm not sure what "all the money" on such a coin means. I think in that case, you're just happy to make it go away.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Not if you can't look it up in the greysheet.
Yes I would start it at melt (auction). See if it can even get that. About a $160 coin. So probably take a hit on it.
Greysheet suggests a $15 - $20 spread between wholesale and retail on that 1956 example shown above, FWIW.
Official PCGS account of:
www.TallahasseeCoinClub.com
The OP is not the OP. Cougar never showed us the coin he's talking about
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes I take GS / digital version and buy mag version from them now and then.
Even if you can't. You can't get full price if you "discount" it.
To your point, you can't discount it if you don't know full price. You also can't know full price. So, it's a bit of a conundrum.
All comments reflect the opinion of the author, even when irrefutably accurate.
It will be interesting to see what it really goes for lol.
I'd bid on it.
What is your Facebook marketplace handle?
Not in my book.
There are spots which can be caused by impurities in the alloy. Since they were part of the manufacturing process, they will have less weight on the grade, but, if severe, will lower the grade and will preclude a very high grade.
Post mint damage, like the spots on the former MS-65 quarter shown above, are serious. I have no doubt that those spots were not on the piece when it was graded. It that had been there, it would have been a “details grade” now or gotten a “body bag” in the rattle holder era. Much less severe spots will lower a straight grade. And, no, such a coin cannot be an MS-70.
No way that would grade 65 in today’s market!
At MS 64, those type of spots are ‘overlooked’ and straight graded. However, they are a difficult sell, especially, if they are common dates and easily replaceable.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
On the contrary.
This has a Green Bean.
As does this one with big patches of terminal toning.
chopmarkedtradedollars.com
I was naive in the beginning of CAC's evolution in believing CAC coins were attractive.
How I was disheartened to learn that simply is nowhere near the truth.
Here's a coin with a black spot. Or maybe a chuck of dirt. Whatever it is, I just don't understand. If you have the ability to blow this coin up to gigantic proportions, like with a 15 inch screen laptop, you'll see what I mean! You'll actually have to have one if you love looking at high quality coins! The number of people who actually held this coin before it was encapsulated, they all had to see this piece of crud. From the seller to the owner and so on. All it would have taken was a toothpick, a study hand and about 3 seconds. Obviously, no-one had either and likely have crud between their teeth all week! lol ! I will eventually get around to cracking the coin out and remove the piece of debris myself when I get tired of looking at it. lol And find a new home for it in a 2x2 Capital holder similar to what I did for a 1964-D Jeff that graded ANACS MS64. The spot itself was also a flake of some sort, practically falling off the coin when I moved it with a toothpick. So now it's a MS65 5 Steps coin. Every time I look at that 1942-S, I just shake my head in disbelief.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Same here.
I remember looking at an early date walker I needed, in a 58 holder, green stickered. Thought it was a good candidate, until I saw the reverse, and it was riddled with dark toning spots.
Original, yes. Eye appealing? Not to me…
Thanks for sharing - it got green bean.
I believe the dark areas will get darker as time goes on. That seems reaction to the atmosphere, heat over time.
However I buy coins that meet my standards not beans. I do have substantial CACG material but sold out of the sticker material awhile back.
@leothelyon - You lost me. Where exactly on this coin are you talking? I see a lot of black spots.
Yes.
chopmarkedtradedollars.com
I done got green beaned back in college.
Still have nightmarish memories of that experience.
It should not have gotten a green bean if the spots were there when CAC approved of it.
Interesting. My statement was based on getting at least two coins back where I asked for feedback and JA specifically said no because of the spots.
Some spots are more spotty and spottier than other spots.
-Animal Farm
Do you feel that way, regardless of the assigned grade?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I’ve seen plenty of CAC coins with spots. That’s not a criticism of CAC and it’s not necessarily inconsistent with the feedback you received. A coin with a spot or spots can justifiably be considered solid for the grade at one grade level but not at a higher grade level.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Whether inadvertently or not, @RedRocket has a nugget of truth in his comment above as well. The nature of the spot does have something to do with it as well. Not all spots are created equal.
chopmarkedtradedollars.com
Even if all spots were created equal, since spots don’t result in detail-grades, that means that at some grade, spots are acceptable and other higher grades, they aren’t.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
For me coins with major dark spots - black, tarnish are a no go for me whether bean or not.
Many of them with dark horrible tarnish above likely damaged during reaction with the atmosphere, heat, humidity over time,
As far as valuation - start them (auction) at melt (or some pct below bid) and see how far these damaged coins will go.
Agreed. But (as I'm sure you are well aware, mostly thinking out loud here) it's not always as clear cut.
I just got a coin back from grading by our hosts on Wednesday that is a VF25. It's a lovely circulated coin with a big spot in the obverse field that I believe is the remnant of corrosion. I sent it into CAC stickering but I don't expect it to pass because of that spot.
Whereas the trade dollar I posted above is essentially one giant spot but, due to its more natural origins (Euro felt tray), it stickered as a MS61 which was the result I expected.
chopmarkedtradedollars.com
Of course it’s not always as clear cut - that’s the world of grading.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yes. To me CAC means superior for whatever the grade. Those spots would make item an instant pass. The spots. would forever “bug me.”
For me a CAC stickered coin should never “bug me.” It supposed to be a superior coin for the grade.
The first photo of yours shows the mark. The other dark areas are shadows from the TrueView photo. They are not on the coin in hand but all the small specks are. The coin is beautifully toned regardless! Hopefully, you'll find yourself again.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection