Hairlines on XF graded coins.

Discussion in 'Coin Chat' started by treylxapi47, Jul 5, 2013.

  1. treylxapi47

    treylxapi47 Well-Known Member Dealer

    So following this example and what my gut is saying I am pretty on target with suspecting coins similar to this of having an old cleaning.

    I dont see much wrong with the coin itself, i appreciate it for what it is, but Ive been having this feeling when i see coins like this that something isnt right and I am having a hard time expressing that in words. Its just something i see and sort of notice with the coins in question and I am trying to fine tune my gauge on cleaned coins versus normal wear for XF-AU coin.

    Thanks for your help Doug, I know we can both write on this all day back and forth on what constitutes a cleaned coin versus a circulated coin and hammer it to death, but i do appreciate your time in helping me along with this.
     
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    Just make sure that you always keep 1 thing in mind trey - there are plenty of harshly cleaned coins in TPG slabs. And yes that includes NGC and PCGS slabs.

    It's been said literally a million times - buy the coin, not the slab.

    The problem is that very few people understand what that really means. It's pretty simple though - it means that you as a collector, a potential buyer, have to completely ignore the slab and anything it says. That includes not only ignoring the fact that the coin is in a problem free slab, it also includes ignoring the grade on the slab, or any special designation on the slab.

    In other words, just pretend it isn't there at all and make up your own mind about the coin.
     
  4. treylxapi47

    treylxapi47 Well-Known Member Dealer

    I've been very fortunate with the coins I have purchased. Up until this point I have picked out some nice coins and haven't really regretted any items I have bought.

    I have relied on the TPG opinion quite a bit as I do half way expect them to know and recognize issues I may not have known to look for. All in all though I only buy coins I like and I actually do pass on quite a few coins that I see. I believe I am getting to the point now were I can recognize coins that I want and ones I want no part of and am picking up on how to be more selective. My mindset has been 'I have to have this coin right now or I might not ever get a chance to see one like it again' and the more I hunt and shop around the more I realize there is almost always another similar coin somewhere out there.

    I think it also goes hand in hand with the old adage of going around and handling as many coins as you can. I now see the benefit of shopping around and seeing the same or similar coin in 4 out of 5 shops. Most certainly helps the perspective of being more selective in which coins you purchase. And also which ones should take priority.

    It's like do I buy that 1945-P walker in an MS 65/66 grade which I've seen 200 of this week or should I maybe buy a nice XF bust half instead that I've only seen 20 of the last month. In that example I would obviously go with the Bust half now, but I might not have 6 months ago when I thought 65 Walkers were tough to come across.

    That really is good advice when you hear to look around at as many shops and handle as many coins as you can.
     
  5. Ripley

    Ripley Senior Member

    Whizzzzzzed
     
  6. GDJMSP

    GDJMSP Numismatist Moderator


    Let me show you a rather extreme example of that. The first coin pictured below is one I ran across in an upcoming auction when I was searching for ducats. The coin was not listed in any catalog or book anywhere in the world, an example had never been seen before. It was an off metal strike of a known gold ducat, and thought to be the only one in existence. So I bought it.

    Then about 2 years later, guess what ? Yup, I found another one. Bought that one too (2nd pictured). Then only a few months later, another surfaced. And a friend/student of mine bought that example. And then about 6 months later, yet another surfaced to be bought by somebody else.

    The lesson - same as you mentioned above ;)

    1782 oms ducat obv a.jpg 1782 oms ducat rev a.jpg 1782 oms ducat obv.jpg 1782 oms ducat rev.jpg
     
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