How much does planchet affect grade? (2 cent piece)

OneThinDime · September 10, 2003 12:20PM

Based on some advice I've gotten here, I'm upgrading a couple of the pieces in my type collection.

I looked at a 1964 Large Motto 2 cent piece today that was AU-grade - it looked like a new penny with just a hint of browning in the center of the obverse. I'd like it to replace the VF '65 I have now. The problem is there's a fairly sizeable planchet depression at 4:00 on the edge of the obverse. I would have missed it, but my dealer pointed it out for me! (He's been extremely helpful as I get back into the hobby).

How much should this affect the grade? The coin is beautiful and he's only asking $30. '04 Redbook lists the '64 in EF at $35. Should I keep looking?

Thanks for any advice.

JohnZ · September 10, 2003 12:27PM

Depends on what you want it for. A US type set? If so, do you want the best quality pieces in the set? If so, I would wait for another.

However, if you're interested in errors and die varieties, it might just be the coin....

I have several interesting varieties in my type set, including an MS 64 1864 IHC with a prominent die clash.

jhar · September 10, 2003 10:49PM

If the planchet flaw is bad enough I believe that PCGS may not grade the coin at all. It all depends on the size and how distracting the flaw is.

Russ · September 11, 2003 1:21AM

I think I'd be more worried about this than the planchet depression:

<< <i>it looked like a new penny with just a hint of browning in the center of the obverse. >>

An AU Two Cent Piece should not look like a new penny. If it does, I'd be concerned that it's been cleaned and/or recolored.

Russ, NCNE

darktone · September 11, 2003 8:45AM

I agree with Russ. It does not sound right? mike

OneThinDime · September 11, 2003 1:39PM

I think my inexperience has falsely colored my description of the coin. I just don't see many old coppers in this state. It has not been doctored, of that I'm sure. It's simply an extremely well-preserved example - very, very red.

Nonetheless, based on the planchet depression, I think I'll pass on this one and wait (hopefully not too long) for the next one. I still have my VF'ish example.

Thanks for the tips.

michael · September 11, 2003 2:15PM

for me

based on the information you gave
you made a very smart decision to pass

one thin dime

michael

How much does planchet affect grade? (2 cent piece)

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