Here's an auction on Ebay for a Satin Proof Peace in a third world slab. I have no idea what these look like so for those who may have seen one of these before (like ND), what do you think of this one? If real, why is it in that holder?? Cleaned?? http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=3930528559&ssPageName=STRK:MEWA:IT
It looks real enough. But it may be cleaned. I'm not even convinced it's proof. And what's that PVCish looking junk around the devices?
Because none of the big four would even consider slabbing it. Probably. I agree. Poly-vinyl chloride damage.
RCC-ers would tell you, "RUN, don't walk, from this seller." If there wasn't anything wrong with this coin, one of the big four would have slabbed it. Even with a problem, ANACS would net grade it. Jerry "Feets, don' fail me, now!"
Here is the quote from the sale. "Struck distinctly stronger than normal Peace Dollars.I have owned four of these in the last 15 years. It has raised die polish in the head band I'd guess that around 20 are known. Not 2 as stated in the old Breen Proof Book.Coin has a layer of light toning over Satin Proof fields and should be worth from $5000 to $15000". Now while the Breen encyclopedia may not always be 100% correct, to be off by that much is very doubtful. If my firm owned this coin, it would be sitting in an NGC or PCGS holder. Never used NTC and haven't been real impresed with the few coins that I have seen in these holders. Also, a coin such as a proof Peace dollar would fair much better in a Bowers auction. Just my opinion, but personally, I would stay away from this coin.
I for one do not believe this coin to be a '21 satin Proof - it just doesn't have the right characteristics. And this seller certainly does not have the best reputation. But I do wish to make a comment about the holder. You are always hearing that the coin cannot be genuine because of the holder it is in - this is just not true. I'll grant you - most experienced collectors would never submit such a coin to one of the lower level grading companies. But what about collectors who are not really experienced when it comes to grading companies ? Ask yourselves this question - when you first started dealing with grading companies did you know which ones to trust ? If your honest - all of us will say no. Well folks there are collectors out there who own very rare coins and have no idea at all about grading companies. As a result - when they decide that wish to sell their collection everybody tells them to get the coin graded. So the unlucky ones end up submitting their coin to a lower level grading company. It happens every day. And if you don't believe it - then you are only fooling yourself. As for the accuracy of Breen regarding this coin - I'm afraid Breen is wrong this time for there are approx 15 known examples of this coin.
I was not suggesting that the coin was not genuine simply because it was in an NTC holder -- I just was not sure because the coin, if proof, looked impaired, and I have never seen a satin proof 21 Peace.
I didn't take your comment that way rbm - sorry if I made you think I did. It's just that I am forever hearing people make comments like - if that coin was genuine it would be in an NGC holder - or a PCGS holder - or an ANACS holder. Well why would it ?? There are literally thousands and thousands of collectors out there who do not know one grading company from the next. To them - NTC, SGS even ACG - they are all the same as NGC, PCGS and ANACS. You see - people who frequent the coin forums often forget something. And that is that only about 10% of all coin collectors even know coin forums exist - let alone frequent them. And it's not like the differences between the grading companies and the pitfalls associated with the lower level companies are written about on a daily basis in the numismatic press & magazines. And even when it is written about - everybody is so busy trying to CYA - that those reading it don't get a true idea of what is going on. So when these other collectors who are less well informed about grading companies decide to have a coin slabbed - they often base their decision on which to submit to on the first one they find or the cheapest. It's just human nature. After all they think they are all the same. So it is possible to find extremely rare coins or very valuable ones in the slabs of these lesser grading companies. Just because the coin is in one of these slabs - does not necessarily make it a fake or mean that the coin is misattributed. But as I already said - in this case - I do believe it is misattributed.
