Here's coin #3 from the submission. This coin was sent in raw to PCGS. What will PCGS grade the coin (or if they don't grade it, what reason will they give)? Similar to the last sets of photos, these shots were taken to accentuate the color and not the luster, so as a result the coin's luster looks a bit flatter than it does in real life. I bought this coin from Tom Reynolds, a well known EAC dealer, at FUN in 2007. He EAC graded the coin 50+/50, and it came with an enclosed PCGS label (I won't reveal the grade). I graded it $675 and purchased it for that price. What will PCGS say?
I'll go with AU58 only because there appears to be a little discoloration on the highest parts of the coin and nothing else distracting from a choice coins. I net grade it MS 63 BN.
Again I would agree with Reynolds' grade of 50. The coin has even and obvious wear on virtually all the high points of both the obv and rev as well as light wear in the fields. Now some may argue that it's not wear but a weak strike, but it isn't. The coin is actually very well struck as indicated by the sharpness and clarity of all the details and thus what we see is the result of wear not a weak strike. Wear is also indicated by the remains of grime in the recesses. That also indicates that the coin has been dipped, which would account for somewhat subdued luster. As for what PCGS will say - it will no doubt be higher than 50 but it will not be justified.
I have to go AU58. The strike is very good but not exceptional, therefore the wear is minimal. Nice coin!
I think they'll call it AU55. Clearly it has rub, but it has a good strike, an early die state, and a hard planchet. Lovely coin IMO. I see no reason the tiny rim nicks above stars 5 and 10 should cause a problem, but the red patch in the denticles above star 9 might. Good luck !
I see the rub, but that is not the question. I have coins with "obvious" rubs graded as MS and a couple I find no rub, but are "AU". I will guess they called this one 58, but I would not be surprised if they gave it an MS.
I was wondering about that color, too, but don't have enough experience with re-colored coins to really know.
I will say AU55, but that might be me short changing the coin off the big pictures. Now what are the spots under E in states and inside E in one? Another nice coin.
I've also been wondering about the large patch of color on Liberty's hair at the very back of her neck, kind of a rust hue. Also under the 5th star. They're a similar but not exact tone to the dentils at 2:00, at least in the photo. There looks to be a tiny bit of this color on top of the spots that mark_h just mentioned, or am I imagining things?
They are small spots/areas of light corrosion. Quite common on large cents. Look back on the 1818 (coin #1) and you'll see the same thing. Not really problematic as they haven't really affected the surfaces (i.e. no granularity), and the coin would be more desirable if they weren't there -- but most copper collectors I know don't worry about them much on circulated coins. To be frank, I'd be more worried about the coin if they weren't there.
Got it. The way you have this challenge set up is causing us (at least me) to question all aspects of the coin—which is a good thing! I can't imagine you buying a copper without original surfaces and I wouldn't have questioned this coin's originality otherwise, but your "PCGS challenge" has me doing just that. Good educational exercise.