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Another questionable CAC call
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<p>[QUOTE="johnmilton, post: 7847330, member: 101855"]The rules have long been if a mark was made as a part of the minting process, it would not count against the <i>technical grade</i> of the piece. Therefore, if a lady (women worked as adjusters at the first mint for very low wages) ran a file across the face of a planchet to reduce it to the proper weight, that was an adjustment mark, which did not lower the grade of the coin. If, after the coin had been struck, it was immediately dumped into a pile when it got a mark, that would effect the grade.</p><p><br /></p><p>As a practical matter, adjustment marks, if they are severe, will lower <i>the value</i> of a coin, if not the asking price. It can also make the coin harder to sell, which is often the same thing.</p><p><br /></p><p>The higher the grade of the coin, the more important that adjustment marks become. Adjustment marks on a VF mean less than they do on a Mint State piece.</p><p><br /></p><p>The most famous exception to this is the 1794 Silver Dollar that has been graded SP-66 and which sold for over $10 million. That coin has adjustment marks, but it does not seem to matter. Since I can't can't keep up with those big dogs, it is only of academic interest to me.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 7847330, member: 101855"]The rules have long been if a mark was made as a part of the minting process, it would not count against the [I]technical grade[/I] of the piece. Therefore, if a lady (women worked as adjusters at the first mint for very low wages) ran a file across the face of a planchet to reduce it to the proper weight, that was an adjustment mark, which did not lower the grade of the coin. If, after the coin had been struck, it was immediately dumped into a pile when it got a mark, that would effect the grade. As a practical matter, adjustment marks, if they are severe, will lower [I]the value[/I] of a coin, if not the asking price. It can also make the coin harder to sell, which is often the same thing. The higher the grade of the coin, the more important that adjustment marks become. Adjustment marks on a VF mean less than they do on a Mint State piece. The most famous exception to this is the 1794 Silver Dollar that has been graded SP-66 and which sold for over $10 million. That coin has adjustment marks, but it does not seem to matter. Since I can't can't keep up with those big dogs, it is only of academic interest to me.[/QUOTE]
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Another questionable CAC call
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