So i might put an offer in on this coin. Not really up to speed on these at all so i start looking into it. First thing i do is a pop report. Maybe I haven't looked up many slabbed coins but did you know copper grades are really only good for 10 years? Maybe old news but i didn't. I will probably include this fact in my offer. Other than that....your thoughts on this NGC rule?
Heres the back. Seller pics so... best I can do Sal. Book prices are kinda all over the place as usual. Plus appears there are a couple differant die marriages ... one w/ point between horns. Seller is at 149.00 OBO
Based on their availability in circulated grades, I would believe that it shouldn't be difficult to find one you like. If you're thinking "it's nice but...." Then I would pass https://coinsandcanada.com/tokens-medals-banks.php?title=1-penny-1850&id=114
There are a lot of nice examples out there, with limited photos of that particular price I think I would look around some more.
So you have a lot of coins that managed to live quite happily in their original condition for a couple hundred years or more, but put them in a slab and suddenly the condition is apparently liable to change. Is the coin liable to be genuinely degraded, in which case why are NGC using the materials they do to entomb them? Or is it a case of milking the need for reassurance that the coin is a given grade? Or is it a get out clause to cover the tendency to give variable grades on resubmission? It is after all, just a person's view on the day. It's no different to telling a car owner they need to have their car serviced annually by the dealer stipulated by the manufacturer. When someone complained that the grade on the label (MS65) of a coin I was selling was out of date, I just gave him the option to buy the coin rather than the label (which i was willing to include for free).
My point was just....if you think you are buying a certified coin,,, you are not. Technically. So that little premium often paid (i know i know buy the coin not the slab yada yada yada) is actually "expired". How i never knew this is beyond me. I can see this being an issue more so in extremely high end coins. Buy a 64 for 10k find out its expired so resubmit and they drop it a point.
About copper grades only being good for 10 years, et al...I never knew that...hadn't heard/read it or a reference to it...nothing...ever...until now. Seems like that would play into a lot of things with grades/grading, values, et al, not to be more openly factored.
That's a nicer specimen than most, but in lower grades these can be found pretty cheaply. A lot of Canadian tokens have tons of minor variants, not sure about this series. I got most of my Canada tokens in low grades for $2-5 US.
Thanks, Ya from what I have gathered they are in abundance in circulated grade. Much harder in AU and especially MS. One of those types. The 1850 I posted is a key date as well. Just an fyi I haven't seen any for 2 or 5 bux so you've done well with them. Not sure what im gonna do here. I like your examples btw.
About copper grade only being good for 10 years, that is for the color only. The one you are interested in is already graded brown (BN), so it can't go any lower. The 10 years pertains to red and red brown. It most certainly is certified as authenticate and AU58 BN.
