Problem Coins Worth Grading?

I've gotten a little more serious about my collecting in the past few years and, as a consequence, have been buying more slabbed / graded coins and I've even started submitting coins to ICG (because it's easy, I find their grades tough but fair, and they have the Cointalk member discount, lol - it's affordable). The reason I would submit those coins to any of the four - ANACS, PCGS, ICG or NGC - is to get them certified and guaranteed as authentic. I think ANACS would be a great choice to slab them affordably so that prospective buyers know that they are getting the real deal and to affirm / test your grading skills. That's my two cents.

 

Log in or Sign up to hide this ad.

not to detract from the main theme, but for us less informed is it a TPG that will plug/repair a coin thru their conservation program?

 

No, that requires a specialist, I'm not familiar with any but some folks here are.

 

None of them will ever do anything that moves metal. Holes, whizzing, scratches etc they wont fix.

 

With regard to the Above 1805 25c; whether it's been cleaned or not is a "so what?", given the overall well-circulated condition. Would saying it's been cleaned dramatically change it's value? Technically it may be true, but to the market (and a jamoke like me), other factors would probably apply.

 

Hell, if CAC can give stickers to G06 coins, I'd say original surface or patina is a ++$$$

 

Side note, interesting to see how the market for even problem coins is hot. When I started this thread in March, cull 1800 h10c were $150-$250.

Last three comp. sold on ebay;
$300 (large hole)
$500 (PCGS G-holed)
$1670 (vg-f details raw)

 

A CAC sticker does not always send prices into orbit. There are CAC columns on the Grey Sheet for CAC approved coins. Sometimes the CAC premium is only $20 or so. That's not enough to pay for the grading fee and the two way postage.

 

Sorry I’m more to this forum and didn’t know where to post.

I have always wore my grandad full Soverign as a necklace. Recently I was victim to an unprovoked attack I’m which my coin has been damaged. I managed to throw my coin into the road and save it from the mugging however a car ran over it and has Caused some damage. I was wondering is this is something that is fixable. I know I could buy another one however the sentimental valve is the important thing to me. If you could reply amd I can send over some photos, and you can give your opinion.

Many thanks,

Andrew Gray

 

Since the coin is damaged and probably has little or no numismatic value, a good engraver could probably repair it for you. It would not enhance the value, which probably near melt, but it could make the piece more attractive to you.

 

As I posted elsewhere on CT, I recently had a similar dilemma. I chose to slab my first coin ever because of the importance of authentication, knowing it would come back with a details grade and comment of some kind. My price point was a bit different as a single coin without special discounts and added requests such as Variety ID and True View so it cost me $70.

This is what I sent:

This is what I received:


Was it worth it? I suppose so, if only to keep me from accidentally slipping it into the wrong cotton lined 2x2 as my eyes age.

I was a bit disappointed the variety ID now has to be decoded rather than plainly marked.

 

I've had a similar disappointment with ICG in terms of the variety identification, though it didn't cost me so much, I wonder if we have to submit to NGC to get variety identified and authenticated? On the ICG submission form you can put the variety, but I generally don't have a clue as to these things. I'm trying to acquire books and study more to figure these things out, but it would be nice if the big 4 TPGs could do that as a matter of course, but boy, I can see the issues - so many coins from everywhere and from so many years with so many potential varieties, errors, etc.

 

Some varieties are automatic, many though if you don’t pay for the variety attribution they won’t be put on the label. NGC won’t be any different.

 

One problem with submitting via friend (bulk submitter) of dealer is you don't know if the request for variety ID made it to the submission form or not. At least it's in the code so it's identified, just not advertised.

 

Unfortunately yea they almost never will have the variety added as they dont want the varieties slowing down the rest of their submission. To be fair I'm not sure if you even can if its part of a bulk submission

 

You'd think they TPG would want to be credited with a submission of a variety with only 11 known examples, but they would rather have a high grade example from a hoard with many more high grade specimens.

 

Its not really what they would rather have just most varieties dont really mean much (if anything) to most people aside from specialists or big time fans of a series. It's not to say someone shouldn't enjoy those, they should enjoy what they like. It's really just that if its not going to really impact the coin they wont automatically do it.

 

I suppose you're right. I'm a little biased toward what I think is important as a variety collector.

I'm not in the business of treating coins as unseen and unappreciated inventory which needs to be mere commodities. I tend to emphasis what is special about each coin.

Sometimes it is a high Grade, sometimes it is a rare variety, sometimes it is an error and sometimes it is even a rare Die State.

But this makes categorization inefficient just like looking individual coins yourself. I was born 150 years too late...