Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
1940-S Mercury Dime NGC MS68* CAC in auction
>
Reply to Thread
Message:
<p>[QUOTE="Lehigh96, post: 589666, member: 15309"]I don't dispute that it is a weak strike for the grade or that it got bumped or crossed. However, the premium you mentioned is not excessive, it is low. My guess is that this coin hammers over $1,000. This is a late die state coin evidenced by the significant die polish lines and the large obverse die crack. You can't expect an above average strike from a late die state coin. </p><p><br /></p><p>With regards to the grade, it is my opinion that the TPG's routinely discount strike as an element of grading when the other elements (surface preservation, luster, and eye appeal) are superlative. Please read the thread below for my comments on the issue.</p><p><br /></p><p><a href="http://www.cointalk.com/forum/t45572/" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/forum/t45572/">http://www.cointalk.com/forum/t45572/</a></p><p><br /></p><p>I am not saying I agree with the practice, only that it seems market acceptable to do so. Add into the equation that the coin has a CAC sticker affirming the coin is good for the grade and it is almost undeniable that the coin was given a pass on strike due to the apparent die state.</p><p><br /></p><p>My interest in this coin rests solely on the eye appeal and toning. I could care less if the coin has Full Bands and I think that the die polish and die crack give the coin added character. The only problem with this coin IMO is whether to gamble on the luster without seeing it in hand. I could pay a dealer to assess the coin for me, but I like the gamble, it is part of the fun of buying coins. It is kinda like shoving all-in in a $5-$10 No Limit Hold-em game when you think you have the best hand. Sometimes you are wrong and lose a lot of money.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 589666, member: 15309"]I don't dispute that it is a weak strike for the grade or that it got bumped or crossed. However, the premium you mentioned is not excessive, it is low. My guess is that this coin hammers over $1,000. This is a late die state coin evidenced by the significant die polish lines and the large obverse die crack. You can't expect an above average strike from a late die state coin. With regards to the grade, it is my opinion that the TPG's routinely discount strike as an element of grading when the other elements (surface preservation, luster, and eye appeal) are superlative. Please read the thread below for my comments on the issue. [URL]http://www.cointalk.com/forum/t45572/[/URL] I am not saying I agree with the practice, only that it seems market acceptable to do so. Add into the equation that the coin has a CAC sticker affirming the coin is good for the grade and it is almost undeniable that the coin was given a pass on strike due to the apparent die state. My interest in this coin rests solely on the eye appeal and toning. I could care less if the coin has Full Bands and I think that the die polish and die crack give the coin added character. The only problem with this coin IMO is whether to gamble on the luster without seeing it in hand. I could pay a dealer to assess the coin for me, but I like the gamble, it is part of the fun of buying coins. It is kinda like shoving all-in in a $5-$10 No Limit Hold-em game when you think you have the best hand. Sometimes you are wrong and lose a lot of money.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
1940-S Mercury Dime NGC MS68* CAC in auction
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...