PCGS Genuine - 98 (damage or tooling)
cameron12x
Posts: 1,384 ✭✭✭
If a coin is holdered as PCGS Genuine - 98 (damage or tooling) how much does that affect the net grade?
Does it matter more for gold, silver, copper, or nickel coins?
Or must it be evaluated completely on a case-by-case basis?
Say you start with coin which might grade EF-40 otherwise.
Does it matter more for gold, silver, copper, or nickel coins?
Or must it be evaluated completely on a case-by-case basis?
Say you start with coin which might grade EF-40 otherwise.
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Comments
<< <i>Or must it be evaluated completely on a case-by-case basis? >>
Yes. Depends on the extent of tooling or damage and the location (prime focal area such as Ms Liberty's cheek versus well hidden in the eagle's feathers).
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
1838-C Quarter Eagle
1838-C Quarter Eagle
Amazing how bad photographs can get. They show the whole coin. Yet in another sense, they show nothing.
<< <i>I find it impossible to determine the extent of the tooling based on those pictures.
Amazing how bad photographs can get. They show the whole coin. Yet in another sense, they show nothing. >>
I agree... the gentleman went to great pains to photograph the entire coin, but I suppose his setup wasn't up to the task.
I wonder what a coin like that would be worth... it seems pretty rare.
aah, that's the crux of the matter with simply Genuine, and a code number.
Anacs, among others, used to describe the flaw in English words and give a professional evaluation of a Net Grade.
those were the days
edit: that is to say, as it is, it depends, as you say, "case by case" on the extent of the particular damage.
the linked quarter eagle looks scratched (some would say gouged) -polished, possibly ex jewelry
Net is maybe Fine? Dunno, would need to see close up. My usual method is to say, "I'd rather have a problem-free VF, but would prefer this coin to a VG"
Liberty: Parent of Science & Industry
It's really hard to tell from the photos, but that coin could grade reasonably high, nothwithstanding whatever damage there may be...
people don't bother splitting hairs over damaged common coins, it's just junk, but a rarity, imo, deserves more attention and professional appriasal than "genuine, damaged" How about a details grade? how about putting the scratch or the rim bump or the graffitti on some kind of scale, even if it's the "arm's length" test
Liberty: Parent of Science & Industry
peacockcoins
<< <i>Sure, many many 1796 and 1797 halves must be net graded because even thrashed, they're worth 5 figs
people don't bother splitting hairs over damaged common coins, it's just junk, but a rarity, imo, deserves more attention and professional appriasal than "genuine, damaged" How about a details grade? how about putting the scratch or the rim bump or the graffitti on some kind of scale, even if it's the "arm's length" test
I suppose it depends on the denomination, the issue and the rarity? I know of a tooled 1870-S Dollar that is worth well into six figures!
This particular Charlotte gold piece appears to only have about 150-200 surviving specimens across all grades? What affect would that have on price?
<< <i>Keep in mind the 'damaged or tooling' code 98 doesn't exclude other issues or problems. For example, that Charlotte gold has also been (heavily) cleaned and would have garnered the 92 code had PCGS not listed the more serious one. >>
That's an interesting point... this coin has damage/tooling and has also been cleaned. So, one could infer that the affect on price would be negative cumulatively (it would have to negative price components).
Having said that, this particular piece appear to have only 150-200 surviving specimens? What affect does that have on mitigating some of the damage in terms of it being attractive to collect, despite the damage?
Liberty: Parent of Science & Industry
<< <i>well, the willing buyer and seller agree on the "net" part I guess and figure out a price. such coins are easy to buy and sometimes difficult to sell. Again, "depends" on who "needs" the coin for their collection. If damage-free ones are around, the "net" is lower. rarity plays a part but so does the demand side of the equation >>
Agreed. A choice specimen for that Charlotte date (the first year at that branch mint) might be VERY hard to find at a reasonable price.
Do we have any Charlotte Gold experts in the house?
Some interesting comments there...