Interesting grade of this slabbed Merc

Discussion in 'Coin Chat' started by areich, Jun 1, 2012.

  1. areich

    areich America*s Darling

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  3. areich

    areich America*s Darling

  4. geekpryde

    geekpryde Husband and Father Moderator

  5. And in a no line fatty holder...someone will bite.
     
  6. GDJMSP

    GDJMSP Numismatist Moderator

    Based on TPG standards I'd say it's accurately graded.

    But personally, I would grade it no higher than 65 because of the die crack. To me die cracks are a flaw and should preclude any coin from grading higher than 65.

    Not even close. The 1st coin is but not that one.
     
  7. areich

    areich America*s Darling

    why? The obverse looks flawless to my eyes.
     
  8. vnickels

    vnickels Matt Draiss Numismatics & Galleries


    The second one's bands look ok but just a little to far off the mark.
     
  9. GDJMSP

    GDJMSP Numismatist Moderator

    Far from it, look closer.

    First of all the die crack- tip of the feather to the rim just to the right of the R. Now look at the center of the locks of hair over the ear, some minor roughness there (tiny contact marks) and more on the back of the cap. Now look at the T, the right end of the crossbar - it's missing. Same thing for the right end of the neckline - directly above the upright of the 4. A couple of tiny contact marks on the neckline as well. The rev has quite a few tiny contact marks and one tiny rim ding that I can see.

    Now I'll agree that most people wouldn't see most of these things, even in the pictures. But a good professional grader would see them with the naked eye. At the least he would see enough to make him look closer with a glass and then certainly see them.

    All in all it's a nice coin - until you start to pick it apart. Thus I have to go with my original comments.
     
  10. areich

    areich America*s Darling

  11. GDJMSP

    GDJMSP Numismatist Moderator

    I don't disagree. But what is your point, or question ?
     
  12. areich

    areich America*s Darling

    You don't agree? This one has visible marks in the R and large marks on the obverse wooden beams.

    Whats my question? I forgot my question other than comparing dimes.

    Is $15,000 a reasonable price for that coin?

    Mandy
     
  13. GDJMSP

    GDJMSP Numismatist Moderator

    Read what I said again Mandy.
     
  14. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    LOL! That was funny guys.
     
  15. areich

    areich America*s Darling

    Hello Doug

    Ah - I see. I'm very sorry. This coin though, is being prices at $15,500 dollars. The difference between it being a 67 and an 66 or even a 65 is extraordinary for a grading mistake.

    Mandy
     
  16. GDJMSP

    GDJMSP Numismatist Moderator

    Well hello stranger ! Must of been the mention of poker that made you come crawling out the woodwork :D
     
  17. GDJMSP

    GDJMSP Numismatist Moderator

    Well yes, the '21 Merc is an expensive coin in 67. The last 3 to sell on Heritage ranged in price from $12,600, $24,100, and $32,200. While the range for the same coin in 66 for the past year has been from about $4,500 to $8,000. And that is why we as collectors need to know our coins. We can't just take the word of the TPG when it comes to grade.

    There are basically two kinds of people Mandy.

    1 - what I call plastic buyers are those who accept the grade assigned by the TPG and don't question it. And even when they look at a picture of a coin, or sometimes even when they see the coin in hand, and they wonder about the grade, they will question their own judgement and assume the TPG knows more than they do, so the grade must be correct.

    2 - what I call discriminating collectors, are those who completely ignore the grade assigned by the TPG and form their own opinion of the coin.

    That '21 you linked to for example. Based on your comments you obviously question the grade. I know why I question the grade, but can you explain why you do ?

    It might be worth noting that NGC and PCGS combined have only graded a small handful of these coins at 67. From what I can see, less than 10 of them - which explains the price.
     
  18. areich

    areich America*s Darling

    I'm off to work, but I'll just quickly say for now that is is exactly why nobody in the art world invests 12 thousand dollars into a work without bringing an autentication and expert. OTOH, if you read BLINK, you can see this is not perfect either as the Getty Museum misatributed an important which ended up as a forgery.

    Ruben
     
  19. ldhair

    ldhair Clean Supporter

    For that kind of cash, I would want as many opinions as possible before making a decision to buy.
     
  20. GDJMSP

    GDJMSP Numismatist Moderator

    oooops
     
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