1793 Cent - Ebay - "Expertly re-engraved"

That coin is my worst nightmare.......

 

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It is probably well worth the 6K. It's a genuine S-12, there are maybe only 20 or so of these in existence in any grade. Without the engraving it's probably a 17K coin. You want one of these you are either going to pay through the nose or you are going to settle for a seriously ugly coin. There are only four of them known that grade better than VG. From reading the descriptions of the Condition Census coins this may be the sixth finest known (Sharpness of VF tooled, burnished and recolored. Die stage III) The center weakness on the reverse is normal, the dies were sinking.

 

The funny thing is that I like the problem coins like this. But not at that price. I'd probably be a buyer at $600. But that's not going to happen.

 

Hah, hah. I wonder why they didn't re-engrave the reverse while they were at it? (I'm assuming they didn't since very little of the details are left on the reverse)

 

Look at the reverse. Many coins are graded by the amount of detail remaining somewhere on the coin.

Easy, collectors bitched about paying for a "body bag." Now we have "details" grading.

 

Nah, that's just SMOOTHED.

 

If you're gonna authenticate some coins you might as well do them all.

 

Yeah but I thought these types came back body bagged. I didn't think they actually would encapsulate them.

 

About the only things that get body bagged now are questionable authenticity and coins with structural flaws that the slab could damage

 

This coin is ALTERED. If it were raw, believe it or not, it could fool some non-collector or ignorant collector. Although, this type of alteration was "supposed to have been tolerated" in the 19th century as a way to make a coin more "attractive/presentable" it is still an alteration and who can tell if it was done in a fraudulent manner to deceive or even when it was done. Even today, tooled ancient coins are considered acceptable by dealers and collectors!

Decades ago, coins like this were returned as "altered" and not certified as genuine. Today, they get a details grade indicating the coin is genuine, its grade, and its problem...tooled design, re-engraved details, etc.

 

Agreed, it is just that I was always taught you needed to look at both sides of a coin to grade it, just seems like it would have been better to label it genuine rather than a details grade when half the details are tooled away.

 

That is an option submitters can select when submitting to PCGS. But they'll give a grade if you select the genuine with details option.

 

AFAIK, the "genuine only" option is available at ALL four major TPGS.

 

I just mentioned them since thats who holdered that one. I believe you are right, I don't see it on the ANACS forum but if you wrote a note I would bet they would honor it

 

They offer grades these days - they didn't before - because we pressured them into it. If I recall correctly, there was a time when only ANACS offered grades on Details coins.

 

You recall correctly except there was a time BEFORE THAT when PCI slabbed and graded problem coins using a red label.

 

When going to school was up hill both ways?

 

And there was a time before THAT when ANACS graded problem coins with a net grade on their certificates. (That was before PCI was around)

 

Like this one that you yourself posted here....

https://www.cointalk.com/threads/what-year-did-slabbing-coins-become-done.196668/#post-1331206

For the record, that thread was where Google lead me, looking for an example.

 

Well that particular certificate dates from AFTER the start of PCI, but before they started grading problem coins with the red labels. (And the red label PCI slabs didn't start until their second owner.)