Ever see a nomenclature like this ?

I am not interested in buying scrap coins, but this is the first time I have ever seen it advertised.

 

Log in or Sign up to hide this ad.

I think it's referring to the gouge between 2 and 4 o'clock.

 

I agree with longnine. I have not seen the use of the word scrape before in descriptions. Usually the descriptions say scratch, nick or gouge.

 

What I find odd is that PCGS identified this Proof coin with UNC details.

 

A proof coin can be circulated and graded down to those levels (AU and below), correct?

What a shame for this scrape to be on a proof instead of a circulation strike.

 

A Proof can grade lower than 60 if it's been in circulation, however the grade would be listed as PR45 or PR55, not XF or AU

 

Zackly!

 

Yes, I get that, but if we’re talking about a MS coin or a PR coin, they both are either uncirculated or circulated, right? What happens with a “details” proof that’s below a 60? By the TPG standards, they don’t give it the number designation if it’s “details”, correct? Or do they simply call every proof below a 60 “impaired”? Can’t say that I’ve seen many “details” proofs.

 

Proof is a type of strike, not a grading condition.

 

They will grade coins as PF 58 or even PF 10.
As far as details coins, they will say "PR Genuine XF details" if it has worn down to XF and has a problem.

With the coin in the original post, "scrape" is certainly not common but I have seen it before (at least I think I have ). Usually you do see "scratched" used instead.

Edit: examples from Great Collections...

 

Wow, that PR10 two cent piece is wicked cool.

Okay, this goes in line with what I was thinking. Numbers for problem free coins and letters or words for “details” coins, regardless to method of manufacture.

 

I'm wondering how they knew the 1872 two cent was a proof in that condition

 

Apparently it depends on if your cat made the mark or someone took a knife to it.
Looks like one of the cat marks on my arms.


.

 

Correct and the Uncirc details on the label was the grading condition

 

That happens a lot. It seems that both NGC and PCGS so the same thing. I bought a 1837 seated dime that is a proof but, was graded unc. details cleaned. I knew the coin was a proof even though it showed signs of a very light cleaning. However, I think they do it to reduce confusion because proof is not a grade it refers to a process. I suppose a coin could be graded as PF details but that doesn't give enough info. Unc details means the coin has no wear but, it's been messed with. ANACS I think did this better than NGC or PCGS. They would grade a coin extra fine details net very fine. The word NET gives you an idea of how much what was done to the coin hurts it's value.

 

Hmmm...I dunno...but will learn, I'm sure. While agree not a grading condition, I'd think a proof is a type or variety of coin...there's so much more to a proof than the strike(s)...if still struck twice, etc...such as the planchet prep and die prep/polish plus post-strike, et al. Maybe.

 

Its a method of manufacture not a variety

 

Proof is a description of a manufacturing process. Nothing more.

 

I have a 1904 Liberty $20 gold coin that I bought from a local dealer when I was just beginning to collect coins. (I was in my 60's) They were RAW and I told him I would like it graded. He took this coin and another one to a coin show. This came back from NGC: UNC Details, Obverse Scratched. I really didn't know what it all meant. After 5 years of in depth studying and looking at coins, I realized what the "Details" meant. It was not the dealers fault, but mine. I never buy a coin now until after I have done a great deal of research. I'm 73 now and wiser, but I know I can still make a mistake now and again. This site is one of the best site to teach coin collecting and much more. Thanks for all that you do.

 

Makes sense.........I guess!