A well worn coin w/ a surprise...

Discussion in 'Coin Chat' started by Kevinfred, Dec 29, 2014.

  1. Kevinfred

    Kevinfred Junior Member

    I was at the LCS the other day and my buddy handed me a Peace dollar to check out. It was so off the cuff as I didn't have my reading glasses on, nor did I have my loupe out yet. I proceeded to rotate it around and it was full of luster, my assumption was a mid-MS grade coin. Anyway, after getting out my vision tools it was clear this coin was an XF at best! What shocked me so much was the luster - even with the tools - looked like a high MS coin!!! -- a super distinct cartwheel. I was so floored I bought it for a few bucks over spot... what the heck right? Are these cheaters/whizzers/buffers etc. etc. getting THAT good?!? I wish you all could see this coin in hand. It's soooo weird...

    Thanks for listening, I thought it was an interesting experience... it was a 28-S for the record...
     
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  3. OldGoldGuy

    OldGoldGuy Members Only Jacket

    Pictures are needed for sure my bud.
     
  4. Chiefbullsit

    Chiefbullsit CRAZY HORSE

  5. GDJMSP

    GDJMSP Numismatist Moderator

    Kevin, you sure aren't the first person that mistook "shine" for luster. Nor will you be the last.
     
    medoraman and Kasia like this.
  6. Treashunt

    Treashunt The Other Frank


    I wondered how long it would take Doug to reply.

    :)
     
    mlov43 likes this.
  7. Mainebill

    Mainebill Wild Bill

    That or it is possibly a high au coin with a terrible strike peace dollars are known for bad strikes. Had a 21 I graded au 50 pcgs called ms-63
     
  8. medoraman

    medoraman Supporter! Supporter

    I agree with all here. Its possible its just a very miserable strike. They were known to happen with Peace dollars. OTOH, yes whizzers can completely fool people who do not check closely. Many of them are very good at their "craft". I knew a dealer who either was good at it, or knew someone who was good at it, because his table always had some very good "quality" coins that were whizzed. Believable results, not overdone, and not very much metal built up around the devices. I admit I bought a piece or two until I caught on when I was younger.
     
  9. Markus1959

    Markus1959 Well-Known Member

    Whizzing a coin may hurt the value of it rather than help it because it actually causes wear to the surface of the coin.
     
  10. medoraman

    medoraman Supporter! Supporter

    Its much worst than that. A whizzed coin is a damaged coin, just as much as if you punch a hole through it. Once whizzed, the coin will forever be a problem coin, worth far less than if left alone.

    I wasn't trying to imply what this dealer did was good, just the opposite. He was detestable by damaging coins and trying to fool collectors that they were actually higher grade than they thought.
     
  11. Kevinfred

    Kevinfred Junior Member

    Unfortunately I can't take a photo that represents what I am seeing --- believe me I tried... Sorry if you thought it is/was a worthless post, I'll keep more quiet....
     
  12. mlov43

    mlov43 주화 수집가

    Nah, don't go quiet.

    People here really like the topic that you introduced, it's just that they really want to see what you have now that you've got them interested. I'm sure any pics would do. Try shooting different angles perhaps?
     
  13. mark_h

    mark_h Somewhere over the rainbow

    Sometimes even bad pictures will help. You can see stuff like this on a lot of different coins not just Peace dollars.
     
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