Searching through cents..

Trinketts · October 25, 2005 10:11AM

I recently got 100 rolls from a local bank to search for some non-satin finish coins to send in to get slabbed. I have run across from very nice, nick and ding free coins, but they have that light spotting that you can only see at an angle... what kind of hit will this put on a 2005 cent? Thanks.

Have only found 3 coins so far out of 20 rolls worthy of sending in... (going for 68 or better)

coinbuf · October 25, 2005 10:21AM

I would say that you would be doing very well to find 3 in only 20 rolls. Can you post a pic of the spots?

Chris

Trinketts · October 25, 2005 10:24AM

Sure I will try and capture them.... card to see sometimes..

TwoSides2aCoin · October 25, 2005 10:26AM

If it is carbon spotting, you will probably not see anything over MS65, judging from my experience. Most will fall into the MS63/64 grade range.
It is quite rare to get any grade over MS66 (business strikes), but with even the slightest spotting, don't be disappointed should they come back MS65 or below. And don't be surprised if they come back Satin Finish, either. Happened to me

3 times.

Trinketts · October 25, 2005 10:33AM

yeah that is something else I was wondering... I have a 2005-D satin finish I am sending in as well in this grouping and it looks damn near identical to the business strikes... am i going to get hosed?

Trinketts · October 25, 2005 10:37AM

Here are some pics..... The 3 I have chosen so far have no carbon spotting on them... but this is one I just pulled with no surface marks but spotting.

tlhoy · October 25, 2005 10:40AM

The spots appear to be from the mint washing them before release.

coppercoins · October 25, 2005 10:42AM

tlhoy has it right - those are spots from the planchet wash. They can probably be safely removed, but I've never bothered trying.

My question would be why bother paying so much to have brand new MS66 coins slabbed? They couldn't be worth more than a buck each.

coinbuf · October 25, 2005 10:42AM

<<The spots appear to be from the mint washing them before release>>

I agree, I'm guessing a one to two point deduction, but I do not submit many moderns.

Chris

Trinketts · October 25, 2005 10:52AM

<< <i>tlhoy has it right - those are spots from the planchet wash. They can probably be safely removed, but I've never bothered trying.

My question would be why bother paying so much to have brand new MS66 coins slabbed? They couldn't be worth more than a buck each. >>

Well I am hoping to hit at least a 67... You have to be optimistic... I was one of the makers of a 66 non-satin Bison... I guess being optimistic goes a long way

sellsatan · October 25, 2005 1:13PM

Lay on the MS70! The stuff is great! If it works you're the champ. If it doesn't you're out 1 cent.

coinnut86 · October 25, 2005 2:42PM

<< <i>My question would be why bother paying so much to have brand new MS66 coins slabbed? They couldn't be worth more than a buck each. >>

Wow I guess I didnt know anyone sent in modern coins, I guess it makes sense getting them slabbed right away...maybe not IDK?? How much do it cost to have them slabbed, I have never sent in any coins before, I'm kind of a beginner collector.

TwoSides2aCoin · October 25, 2005 3:17PM

Coppercoins- I only send moderns in when I believe they will grade superior to any out there (MS68+)I base it on the population report. For instance, there are under 400 Lincoln cents from 1995 D graded by PCGS. I have several rolls to go through. So far I've sent in 2 coins. They came back MS66 and MS67. Value: $15 and $55. Had they had met the MS68 as I hoped, the value shoots up to $250. The fact that they come back MS66 or 67 is a hit on my grading ability. You see, the only chance of finding an MS-70 would be the closer you can get to the mint process. I have searched high and low for a perfect coin from bank wrapped rolls to uncirculated mint sets. And my search seems a waste. They are not there, but that is why some of us send "modern" coins in. I hope that answers the WHY. By the way, I went through about 2000 new bison nickels and sent the finest of them in. Just one out of 2000 met what I considered MS66. It came back MS-64

Trinketts- Those spots on the coin are from the wash and do not affect grade much, so long as they are not too detracting, i.e. on Lincoln's face , large spots in field or on dates and legends that cause the eye to focus on it. Keep in mind the four things to first observe when submitting : Reflectivity, Strike, Luster and Eye Appeal. Then put at least a 10x loupe to it under good light.
With that said, the coin showing will probably only make MS65 because of the number of spots.

Coinnut86- Costs for grading economy is $14.... and speedy service can go up to $100. There is a wide range in between, too. Errors are $40.
You can also send in bulk (same coin x 100) for bulk price ... $8 per coin, plus shipping and insurance. But there are rules to all of that, too.

Searching through cents..

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