PCGS on "Counterstamped" coins
RevDrBlimber
Posts: 391
I recently sent in a Bust quarter with an "L" counterstamp to be certified by PCGS; I was not aware that they consider all these coins "damaged", i.e., deserving of the "98" number. Not so with the "chopmarked" trade dollars which is a similar issue, both NGC and PCGS grade these coins. Why the refusal to give a numerical grade to these coins, if the chopmarked coins do get a number?
One of the latest theories on the origin of "E" and "L" counterstamps are that there was a religious sect in Pennsylvania, the Economites who counterstruck these coins as a voting measure. The "E" and the "L"s were opposing factions within this group apparently.
One of the latest theories on the origin of "E" and "L" counterstamps are that there was a religious sect in Pennsylvania, the Economites who counterstruck these coins as a voting measure. The "E" and the "L"s were opposing factions within this group apparently.
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www.brunkauctions.com
<< <i>I haven't gotten the coin back yet. On the site it says it was the 1825/4/(2) which is probably impossible since all known counterstamped Bust quarters were the 1825/3; or the "L" counterstamp is counterfeit, but it looked real to me and the dealer. >>
PCGS now slabs ALL 1825 quarters as 1825/4/(2). If you want the B-1, B-2 or B-3 designation on the slab, you would have had to pay an additional $24 for variety attribution.
If you aren't sure how PCGS will attribute a coin, it might save you some money to ask the question here, before you submit the coin. Just a suggestion.
An authorized PCGS dealer, and a contributor to the Red Book.
In honor of the memory of Cpl. Michael E. Thompson
<< <i>odd... isnt a counterstamped or chop marked coin a damaged coin and still a damaged coin no matter what the circumstances behind the damage ? >>
NGC grades them with a number.
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<< <i>Some of you might be surprised at me, but I am one of those considering the "E" and the "L" Capped Bust 1825 Quarters as damaged. PCGS should not grade them. I know that I will never buy one of them. Hope I have not offended anyone. >>
Shouldn't it be the same for chopmarked or because there are more of them and thus more interest and demand our hosts caved in and made an exception to the rule of damaged coins not being graded. >>
You bet, chopmarked coins should also be considered damaged goods. JMHO