Edward III noble

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Well I don't know about world coins if graded by NGC as being authentic.
I've posted here previously about an Indian coin (slabbed under the NGC World service) which turned out to be a later restrike then labeled on the coin!

http://www.cointalk.com/t75597/

They had slabbed it implying an original contemporary strike. When I emailed NGC about it, they claimed that they have very little experience with this particular coin series, which begs the obvious question, why slab it in the first place! This coin, being sold at auction, was further reviewed with the auctioneer who clarified that it was actually a later coin then implied in the auction catalog!

Bottom line, caveat emptor!

 

Knowing the seller is irrelevant as to whether this coin is authentic or not. To know who is selling the coin is only relevant as to whether you should buy from them or not in the first place, if they offer guarantees and stand by them. In my reading the CFDL I can say that Spinks HAS sold and put up for auction fake coins but they are usually pretty good at taking them down when it is point out to them they are selling a fake for sure. Problem is if nobody catches them. Thus knowing it is being sold by Spinks does not mean it is authentic If you think it is fake, then that opinion should not magically change because Spinks is selling it. This is extremely flawed. On a coin like this you would still want to verify....especially because of the pitting.

The photos are bad but clearly show some pitting but people often simply assume pitting=fake, this is a common mistake. This is a good example of how it is best to give an opinion but stress you cant see the image well enough to tell for sure. THAT might have saved us some time

As for the condition, I have seen many of this type of coin on Coin Archives and disagree about the condition of the coin. Photo isn't good and it is certainly not in the best shape I have seen but it seems in relative good shape and would be a great addition to any collection if authentic. If the buyer is trying to buy an example in FDC then this isn't the coin for him but if he is looking for one that shows most of the details very clearly, is still rather sharp, this is a pretty nice example. I have seen FAR worse selling for thousands. I would love to have that coin

 

Sorry if I gave the wrong impression! Doug is absolutely correct, this would be slabbed under their World coins program and thus have the guarantee. It may be beat up, as Doug says, but that doesn't make it a worthless coin. Just do your homework and shop around enough. If at all possible, examine the coin in person first.

Doug - how much do you expect a noble like this one to cost? (assume its real, of course)

 

These are beat up:


This was estimated as FDC (which is isnt) and valued at 5,800


Estimates 2000 and sold at 3000 in 2009


Estimated at 2000 and sold for 2,200 in 2009



Estimated at around 6,000 USD and sold for 9,600 USD in 2009

The picture is small and hard to see but the OP coin seemed at least comparable to these if not in better condition that most of them. I am sure price is also partially determined by variety (pre treaty, treaty) which I am not terribly familiar with.

 

I agree the photos are really too small to compare but I disagree with the OP being comparable to "these".

punekari, as you can see from the responses to your post, opinions on coin grading and authentication are all over the place. The debate of whether to go with "raw" coin with a dealers authentification/guarantee vs buying a "slabbed' coin with a third-party (NGC and/or PCGS)authentification/guarantee goes back to when third-party grading services were started (in the eighties, I think) and surely won't end anytime soon.

I have bought raw coins from US/European auction houses that would not tpg mainly due to cleaning issues. So have I stopped buying raw coins?.. no, but I'm much more vigilent in my buying of raw coins by studying photos more closely, translating descriptions better, and asking follow-up questions to the dealers, etc. Only after this process do I buy a raw coin.

Only 5% of my coin purchases were having seen the coin in hand prior to the purchase and I although I think I'm an adequate grader, world gold particuliarly hammered gold, is very hard to grade on the Sheldon grade ..... so with all that said for my money 1) I always try to buy from reputable dealers with return policies 2) I buy coins that are slabbed (TPG). If I elect to break them out of the slab so be it, personally I don't. 3) FWIW I follow the collector world gold market very closely, I do not see any appreciable difference in prices between raw and tpg coins .. so the way I see it ... why buy a raw coin? With that said "most" world coins are not TPG therefore if you see a coin you would like to buy ... go to my #1 or if you do like I do and buy via the auction route, buy what you like but study photos more closely, translate descriptions better, and ask follow-up questions to the auctioneers prior to auction. If you elect to get it TPG be prepared for their assessment. Then its your choice on whether to keep it or not . Personally I have kept some and got rid of some when the results were not to my liking. I value the look or eye appeal of the coin ... lustre, bold strike, fullness and centering of strike on planch, etc., so as JeromeLS said it isn't always about the grade !!!

I do own a mint state Edward III Gold Noble and yes it TPG (and still in a slab, for storage and protection as I see it) and yes I paid a price comparable to the prices stated by the previous posters.

FWIW .. I'm a collector of coins ... I invest in stocks, bonds, real estate, CDs and of course myself !!

 

With coin and TPG its all personal taste. I simply dont agree with certain rules and standards set forth and know that this is not the only way to proceed in this hobby. Most coins, especially coins as old as these, have been cleaned, probably multiple times in their life. Of course the issue with cleaning is how harsh. The very top coin I posted valued at almost 6000 USD and called FDC has a good strike and shows little to no wear but it has a messed up face where most of the features are blurred.

On the OP coin, the sword does not seem to blend into the shoulder , there is good facial feature, text and other detail seems relatively intact and clear in most areas, it isnt flattened.

Thing is, once there is a better photo there might be casting lines all over the place, uniform casting bubbles and, without it being sharpened, there might be less detail. I can say I see nothing that would make me condemn it as fake right off, regardless of who is selling it.

I will buy a slabbed coin if its one I want and not over price (in my own estimate). I buy most unslabbed because I use dealers who are well established and follow strict business practice because they do not want to lose the esteem they have developed. Also I obsess over every old coin I buy as to whether it is authentic. I believe to date the only fake I have bought is a coin I purchased from Rome many years ago.

I tend to believe if you are a collector, collect something you have researched and know something about, learn the signs of trickery, find the good seller and do your own due diligence because if you ARE a collector then it should be something you know how to do. I have personally witnessed people buying raw coins, slabbing them, then bumping the price up for the effort, It does effect the prices when playing in the MS this or that game...IMO only.

 

The coin appears to be a little dirty, and to have some marks in the field. Otherwise, it is a pretty strong VF. Do you collect medieval coins ? I'd be surprised if you could form a substantial collection of any such issues if you're not going to accept coins with the damage that comes with circulation. If anything, perfect coins from this period are incredibly expensive.

 

Thanks for pointing these out for me: they've been really enjoyable to look through. I hope it won't seem rude of me to highlight the coins in your collection with minor problems:

http://www.cointalk.com/members/gdjmsp/albums/19/337/
http://www.cointalk.com/members/gdjmsp/albums/71/1454/
http://www.cointalk.com/members/gdjmsp/albums/73/1495/

Why are these acceptable collection pieces, but the gold noble above not ?

 

Oh I know you make mistakes and I have never seen you admit it until today. So we have reached a milestone here. Also, I have admitted I was wrong several times here and even contacted the user and apologized for steering them wrong or if I was harsh, apologized for that as well. I believe the lions share of the information I pass on here is dead on...by that I mean not opinions but attributions and what not. I guess you disagree with that...I shouldnt be shocked.

I will apologize to you here as well because I guess I was unfair to you here...sorry.

 

I'm getting a little pedantic here, but I think the above means that you didn't appreciate it as being collectable.

Mr. Boss, please post your coins on an independent thread.

 

sorry i'm new to posting