In your opinion would a lamination be seen as

Discussion in 'US Coins Forum' started by BlackberryPie, Oct 2, 2020.

  1. Insider

    Insider Talent on loan from...

    Then buy a nice coin - not this one. :oops: You forgot to mention in the beginning that the coin was GRADED CORRECTLY with the "lamination" problem on the label. :smuggrin:
     
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  3. johnmilton

    johnmilton Well-Known Member

    I my opinion, a lamination is only a good thing on common date modern coins where it is viewed as a mint error. As such it can add to the value, especially if it is rather large and unusual. It’s worth a big plus if you happen to have both parts of the coin.

    I once had clad Roosevelt dime that had split in two. Each side was in a PCGS holder, and the parts were sold as a pair. I got something like $800 for it.

    A lamination on a classic collector coin can be a big negative. A small lamination might be mostly ignored, but a big one can lower the value by a significant sum.

    Here is an extreme example. This 1793 Half Cent was in Roger Cohen’s estate. It is also pictured in his die variety book. I don’t remember the exact numbers, but this coin sold at auction for considerably less than the price would have been for a normal coin in EF.

    1793  Half Cent Defect flan.jpg
     
    Last edited: Oct 4, 2020
  4. GDJMSP

    GDJMSP Numismatist Moderator

    Glad ya posted that John because it brings up the point that had so far not been mentioned. Namely that laminations, when deemed severe, result in a no grade. And in some cases, the coins won't even be slabbed at all, not even in problem coin slabs.

    And before somebody ask, no, they do not have to be as severe as the one John posted to be no grade coins.

    And @BlackberryPie, that also addresses your original question of - can a lamination be a major problem. The answer is, yes, they can be. But the determining factor is the degree of severity.

    The one other thing that I would add is that the TPGs are well known for being more forgiving, more lenient, when it comes to judging the severity of "problems" when those problems are found on coins of higher value, coins that have a higher degree of scarcity, and coins with a famous pedigree.
     
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