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How do the grading services factor in copper spots on gold coins?

PerryHallPerryHall Posts: 47,589 ✭✭✭✭✭
Also, how do dealers and collectors factor in copper spots? I'm not talking about large dark spots in prime focal areas just a few smaller scatered spots. John Paul Sarosi in his Coin World ads states that his gold coins have no red spots which probably means he cleans his gold coins. I also read somewhere (Jim Halperin?) that counterfeit gold coins do not have copper spots and their presence is a good sign that a gold coin is authentic. Any comments are welcome.

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

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    RYKRYK Posts: 35,801 ✭✭✭✭✭
    I personally do not mind an occasional copper spot. Legend has an 1856-S $3 in its inventory with a copper spot in the headdress which I think looks really cool. Some say the copper spot is a sign of originality. So long as the coin does not look like it has the measles, they do not bother me. If I recall correctly, someone may have asked David Hall the same question in the Q&A some time ago...

    Edited:

    Here's the link.
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    mhammermanmhammerman Posts: 3,769 ✭✭✭
    Certainly, I'm not on the same level as RYK but can add:

    I like a copper spot or three on my indians, particularly if they are near a device of just off of a device and not in a major field. I do remember occasions where the copper spots were distracting but not such as I can remember when or where. Counterfeits do not have copper spots and this is very good to know. Small copper spots are preferrable to large ones but for me a copper spot adds to the character of the coin because it helps to spot a coin from one place that shows up in another such as auctions or here. Copper spots also speak to the heritage of the coin when refining gold for coinage was an art form and not as precise as it is now. So...copper spots are a good thing for this collector.
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    I agree with the others except to say that if a coin is in a really high grade, ala 67 or 68 I would prefer no spot although that by itself may not keep me from owning it. Over-all eye appeal still rules the day and that means luster and color.
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    BustmanBustman Posts: 1,911
    As long as the spots are not too many or too prominent I'm Okay with them.... especially if it's a better date. If it's a generic,I would wait for one without spots.
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    RYKRYK Posts: 35,801 ✭✭✭✭✭
    As long as the spots are not too many or too prominent I'm Okay with them.... especially if it's a better date. If it's a generic,I would wait for one without spots.

    That's a good point. With rare dates, you are almost always making some compromises.
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    PerryHallPerryHall Posts: 47,589 ✭✭✭✭✭


    << <i>Certainly, I'm not on the same level as RYK but can add:

    I like a copper spot or three on my indians, particularly if they are near a device of just off of a device and not in a major field. I do remember occasions where the copper spots were distracting but not such as I can remember when or where. Counterfeits do not have copper spots and this is very good to know. Small copper spots are preferrable to large ones but for me a copper spot adds to the character of the coin because it helps to spot a coin from one place that shows up in another such as auctions or here. Copper spots also speak to the heritage of the coin when refining gold for coinage was an art form and not as precise as it is now. So...copper spots are a good thing for this collector. >>

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    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

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    mozinmozin Posts: 8,755 ✭✭✭
    I would pay a little less for a gold coin with even one tiny copper spot no matter whether it is a rare variety or common. With larger copper spots I might well pass on the coin.
    I collect Capped Bust series by variety in PCGS AU/MS grades.

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