early proofs ( 20th century ) sleepers?

Discussion in 'US Coins Forum' started by ranchhand, Jun 20, 2005.

  1. Speedy

    Speedy Researching Coins Supporter

    Hey Gary...since you just did your Franklin set you might want to do what I'm doing...a set of Proof Franklins...you can get almost every coin from 1954-1963 for less than $100 each.

    Speedy
     
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  3. ranchhand

    ranchhand Coin Hoarder

    I don't think they where carbon spots, not black enough, more like dark toning...

    carbon spots get worse? Correct me if i am wrong, but carbon spots are from minute specs of moisture, usually human saliva ( breathing to close to the coin or sneezing on it ) correct?
     
  4. Speedy

    Speedy Researching Coins Supporter

    Yes they get worse...but I better let someone else tell you about the rest...I'm not 100% sure on it.

    Speedy
     
  5. ranchhand

    ranchhand Coin Hoarder

    any one have any info on carbon spots?
    I have a 1944-D MS65 Full band mercury dime in an old style NGC holder... well, it looks like it has black inck on parts of it, front and back...

    is the coin doomed?
     
  6. Prethen

    Prethen Senior Member

    Carbon spots typically appear to have substance and appears 3-dimensional and not 2-dimensional as a toning spot. Not all carbon spots are "active" or growing. The larger ones typically will be more suspicious. If the spot is surrounded by tiny rings of color (visible under power) this is a strong indicator of an active carbon spot eating into the coin and growing.

    The tinier the carbon spot, the less the chance it's a problem (other than possible eye appeal).

    Bruce
     
  7. ranchhand

    ranchhand Coin Hoarder

    well, I went down and nabbed it ;)

    Its pretty nice looking, some slight mirroring in the fields, the spots on the back are actually slight toning, so no carbon ;)

    It grades PR-62 by PCI but i suspect it may be graded conservitivly. I am going to bust it out and send it on the NGC or PCGS...

    which would be the best choice for proof coinage? If by some ungodly chance this thing comes back proof-63 i would have made $200.00

    ;)
     
  8. Speedy

    Speedy Researching Coins Supporter

    Can you post a photo?

    Is that list price??...if not a dealer might not give you $200 more...and plus you have to total your grading fee in there!

    Still I think you did ok...I also got a nice coin today...a 1921 Peace dollar....I would grade it AU50....at first I thought it was cleaned but after looking I don't think it is...the strike is good and not a lot of ware so I think its just some luster showing up...but I might have messed up big time.

    Speedy
     
  9. ranchhand

    ranchhand Coin Hoarder

    list for proof 60 is $180
    proof 63 is $400!

    I bought it for $200, which i thought was fair...

    But if i get this thing back at proof 63 or higher, i will turn around and sell it ;)

    congrats on the 21! thats a very nice coin, especially in higher grades!
     
  10. Speedy

    Speedy Researching Coins Supporter

    Sound good!!

    The one reason I got the 21 is because it look like parts of the letters are doubled....

    Speedy
     
  11. Prethen

    Prethen Senior Member

    If you're hoping for any chance of a 63, send it to NGC. I like NGC, too, but they might be a bit more lenient. I have plenty of nice stuff in NGC holders. You probably didn't do too bad, but I doubt you'll make much flipping the coin unless PCI really got it wrong and it actually looks like a decent 63.
     
  12. ranchhand

    ranchhand Coin Hoarder

    here are pics of the coin, they are the best i could do with the snap-shot camera i have.
    Its not bad, i think it could easily go pr-63, but then again it may go prf-60... its a gamble ;)

    From what you can see in the pics what do you think?
    the image has a redish hue to it, but the coin is actually white.
    [​IMG]
    [​IMG]
    Should i bust it out of its holder? or send it in as is?
    Will the grade that PCI gave it "taint" NGC's decision?

    On a side note i saw a proof-67 walking liberty 1941 today, and the one i purchased looks like it could grade the same...

    I have a bunch of stuff to send in ;)
     
  13. Speedy

    Speedy Researching Coins Supporter

    Nice coin!!!...

    I would bust it out for sure....they might not give a upgrade if they see it in another holder--not they will...I can't say for sure.

    Speedy
     
  14. ranchhand

    ranchhand Coin Hoarder

    I am going to crack it...

    Just a question, what is the cleaned? or not a proof at all?
    Grading may be a partially subjective thing, but most of the grading services are pretty good at detecting cleaning?

    the coin is in my opinion a proof, it may not have cameo but it has some mirroring, the strike seems way to sharp to be a business strike. I checked the census and this coin sure seems rare..
    most of the graded ones seem to fall into the 63-66 range

    its to bad that NGC doesn’t post pics of coins representative of the grade ( a picture of the "perfect" 66, 67, etc )
     
  15. Speedy

    Speedy Researching Coins Supporter

    I think most grading Co are good at spoting cleaning...in fact I sent in 3 coins to ANACS that I didn't think were cleaned and they came back cleaned....now I can see the little spots and I think it has helped me alot.

    Speedy
     
  16. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    It looks better than a 60 from the photos.
     
  17. ranchhand

    ranchhand Coin Hoarder

    are there any good grading standards to look at for proof coins?
     
  18. Speedy

    Speedy Researching Coins Supporter

    I think they are just as good as NGC or PCGS....the PNG report said that NGC was the best of everything....

    Speedy
     
  19. ranchhand

    ranchhand Coin Hoarder

    huh? not following, who is as good?
     
  20. Speedy

    Speedy Researching Coins Supporter

    Sorry about that...ANACS...I saw you post here...
    and thought you were talking about grading Co....

    Well I would suggest that you look for any marks, hairlines, weakness of strike, finger prints (etc), and haze--haze will look like fog...

    Speedy
     
  21. ranchhand

    ranchhand Coin Hoarder

    from what i can see the coin has some fogging ( haze ) and hairlines on it, nothing extreme.
    What woudl be nice was if i could find a grading standard that listed what is approriate for each grade, like: "A proof-65 will exhibit no hazing and have very fiew hairlines int he fields" or something like that...
     
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