Should this coin be in a "genuine" slab?

Discussion in 'US Coins Forum' started by ksparrow, Aug 3, 2014.

  1. Mainebill

    Mainebill Bethany Danielle

    I'd like a 1796 dollar actually just not that one
     
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  3. silverfool

    silverfool Active Member

    I'm with that outlook. sometimes even if a coin is 'cheap' I don't want it if it's not a nice example.
     
    Mainebill likes this.
  4. rev1774

    rev1774 Well-Known Member

    Okay, if that is a problem coin what does everyone think about this one? (Dealer photos)
     

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  5. Mainebill

    Mainebill Bethany Danielle

    Those appear to be mint made adjustment marks on the reverse. That being said it belongs in a details holder as it looks like it's been cleaned with a Brillo pad also appears to have a small planchet clip also mint made and is a hard coin to grade as it's extremely weakly struck. I'd call it au details harshly cleaned
     
  6. rev1774

    rev1774 Well-Known Member

    It actually did grade but will wait a bit before sharing the grade to see what some others think. I thought it shouldn't grade either.
     
  7. ksparrow

    ksparrow Coin Hoarder Supporter

    So many adjustment marks on the rev as to render it unattractive imo. It looks dipped and retoning (very shiny with that sort of rosy ring around the rims). Maybe cleaned at some point. I think it is an AU details coin; It may have been netted down to XF; or straight graded as AU ?50?
     
  8. rev1774

    rev1774 Well-Known Member

    Again dealer photo, not mine...
    Think this grade is correct?
     

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  9. Mainebill

    Mainebill Bethany Danielle

    I'd call it a 50 but tough call with the strike. The cleaning looks obvious to me tho those fine scratches and the bright surface in the center another one I wouldn't buy
     
  10. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    Welcome to market grading 101. The market is willing to accept these problem coins in no problem holders. Why? Because it is VERY hard to find problem free examples of these coins... The demand for "problem free" graded coins is much higher then the actual number of problem free coins... So the grading services let "problem free" standards slip a bit and net grade coins with slight problems into no problem holders. The grading purist are rolling in their graves... But it's not new... It's been going on for years. Just learn why and how certain coins are graded... And try to weed out the market graded stuff. It can be done.

    That being said, I believe that both of the coins shown should be in problem holders.
     
    Kirkuleez, rev1774 and Mainebill like this.
  11. Mainebill

    Mainebill Bethany Danielle

    Another reason I like cac they weed out the market graded examples especially of these early coins. So when you got a draped bust coin with nice original color and a green bean you know its a quality coin not to say all coins without beans are not as good that's hardly the case. It just helps the quality minded especially novice or intermediate collectors make a easier desicion
     
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