I will give you a short version, (maybe not agree with Doug but my short version). Least offensive - Something changing the surface atoms of a coin - Examples would be cleaning, dipping, etc More offensive - Something altering the outer layer on a coin - Examples would be whizzing, corrosion, etc Most offensive - Something fundamentally alter what a coin is - Examples would be major bend, hole(s), tooling of the devices, alteration or addition of mint marks, etc. Of course, each has its degree of severity, so a heavily whizzed coin might be "worst" than a coin with a small hole, or w very lightly whizzed coin may be "not as bad" as a very overdipped and liefless coin, but in general this is a guide to go by, IMHO. Doug's mileage may vary, etc.
Sounds about right to me. For me I avoid all problem coins. The inclusion of known problem coins within an otherwise problem free series/type collection doesn't appeal to me at all personally. But I am curious about a collection of only problem coins. One PCGS / NGC example of every type of problem would be cool and probably very educational to myself and any non-coin person I could show "what not to do". [TABLE="width: 573"] [TD="width: 764, bgcolor: transparent"]Filed Rims [/TD] [TD="bgcolor: transparent"]Peeling Lamination [/TD] [TD="bgcolor: transparent"]Holed and/or Plugged [/TD] [TD="bgcolor: transparent"]Questionable Color [/TD] [TD="bgcolor: transparent"]Cleaning [/TD] [TD="bgcolor: transparent"]Planchet Flaw [/TD] [TD="bgcolor: transparent"]Altered Surfaces [/TD] [TD="bgcolor: transparent"]Scratch(s) [/TD] [TD="bgcolor: transparent"]Environmental Damage [/TD] [TD="bgcolor: transparent"]Damage [/TD] [TD="bgcolor: transparent"]PVC Residue [/TD] [TD="bgcolor: transparent"]Authenticity Unverifiable [/TD] [TD="bgcolor: transparent"]Counterfeit [/TD] [/TABLE] (TPG's don't currently holder all these types) Maybe get a few coins that have multiple named problems, for the ultimate problem coin!
These are the codes and descriptions that PCGS uses for problem coins. No Grades PCGS will not grade and encapsulate any coins with the following problems: 82 Filed Rims Rim(s) and/or edge is filed. 83 Peeling Lamination Potential for sealing damage. 84 Holed and/or Plugged Any filled or non-filled hole. 86 No Opinion – our experts are unable to determine a coin’s authenticity – fee not refunded 87 Not Eligible For Service Selected – the coin is too valuable for the chosen service level – fee refunded 90 Questionable Authenticity – the coin is most likely a counterfeit. 91|N-1 Questionable/Artificial Toning (or Questionable Color for copper) 92|N-2 Cleaned – surface damage due to a harsh, abrasive cleaning 93|N-3 Planchet Flaw - Metal impurity or defect in the planchet – depends on severity 94|N-4 Altered Surface - Whizzed, harsh cleaning, thumbed over (using a pasty substance to cover defects or alter the appearance). 95|N-5 Scratch - depends on the severity of the scratch. 96|N-6 No Service – coins we do not certify (i.e. medals, some privately made issues, etc.) or cannot certify (i.e. over-sized coins) 97|N-7 Environmental Damage – i.e. corrosion, coating (lacquer), excessively heavy toning, etc. 98|N-8 Damage – deliberate surface damage, i.e. graffiti, spot(s) removed, etc. – depends on severity 99|N-9 PVC (Poly-Vinyl-Chloride) – a plasticizer used to produce vinyl that will leach out of the holder and onto the coin, eventually damaging the surfaces. #86 and #90 are similar but yet different reasons. I would consider 90 (counterfeit) to be the worst case scenario for all problem coins. It also covers things like altered or added mint marks, removed mint marks, an alteration to change the variety, and re-engraved dates. 86 is going to be right up there, but with an unknown attached. #84 would have to come next. Quickly followed by #83. And that followed by #82. #98 would probably come next for me as it covers things like deliberate damage to the coin such as graffiti. Whizzing is also now covered under this code, but on older slabs whizzing was also covered with the 94 code - altered surfaces. 98 also covers many other things such as rim damage and test cuts, mount removed (ex-jewelry), machine damage, spots removed, tooling, lasering, large gouges, drill marks, and even chop marks. #94, altered surfaces, would be next for me as it too is intentional and an effort to deceive. It can cover many things such as harsh cleaning, adding any substance to the surface of the coin such as putty, nose grease, lacquer, wax, oils, and thumbing. Next would probably be #92, harsh cleaning. This is also covered under 94, but 92 covers even more things such as polishing and hairlines. Of course many coins with hairlines are graded, but again it is a question of severity and/or cause. For example, if a coin is wiped (which leaves behind the tell tale hairlines), even if it is in just one location, it will labeled with the 92 code. And trust me, you can wipe it as gently as you can with the softest cloth you can find and it will hairline the coin. Over-dipping a coin is also covered under 92. But it is important to note that properly dipping a coin is not. Properly dipped coins will be graded and slabbed all day long. I would put #97, environmental damage next in order of severity. It covers things like corrosion due to any of the following - salt water, ground finds, excessive toning, verdigris, and improper storage. And there are many degrees of corrosion. And it is important to note that with some coins, especially early US coinage, corrosion will be ignored and the coin will be slabbed anyway. To me this makes absolutely no sense as corrosion is corrosion regardless of what coin it is on. Of course many collectors, and the TPGs use the excuse that with early US coinage the planchets were sometimes corroded before the coins were even struck. To that I say so what, because the TPGs also have code #93 - planchet flaws. And a corroded planchet is nothing more than a planchet that is flawed. So using this reasoning that corroded US early US coins can be slabbed is nothing more than just that, an excuse, for the TPGs to go ahead and slab these coins in order to make their customers happy when they have no business being slabbed at all. Slabbing a corroded coin is extremely hypocritical in my opinion. #95, scratched would next for me. Severity, quantity (number of scratches), and location of the scratches all play an important part in judging if a scratch/es will make a coin a problem coin. I have no problem with this. But, the TPGs will also tell you that old, toned over scratches may be acceptable. That I have a problem with. If a scratch/es is/are severe enough to make a coin a problem coin, then it should make no difference whether the scratch is new or not. This is another example of the TPGs being hypocritical, another excuse to slab a coin that has no business being slabbed. #91, questionable or artificial toning would come next in order of severity. Again, this is an effort to deceive in some cases, an effort make a coin bring a higher price. But I place it this far down the line because nobody, absolutely nobody, can ever tell for certain if toning is artificial or not. #99, PVC, would be next for me. But there are times when it could move up, those being when the damage to the coin has already been done. But since PVC contamination, when caught in time, can be safely removed from the coin without harming the coin, I consider it one of the least problem issues. Last but not least would be #93, planchet flaw. I put it at the bottom of the list because of the severity issue. There are many different degrees of severity when it comes to planchet flaws. Sometimes it can be a hole deep into the surface, but not going all the way through. Other times the planchet be cracked, but it can a large or small crack so sometimes the coin will be slabbed and sometimes not. It can be a lamination, again small or large. Or it can be corrosion as mentioned above. There are many different types of planchet flaws, some worse than others.
ok uncle look up the soon to be auctioned david fore collection at spinks and tell me how come laquered coins are in ngc pcgs slabs? why is it in 94 then. or are we saying they are doing what they do with corrosion. lets start a business to toned scratched coins grandpa that should be fun. we will help a lot of collectors that way
I concur this is a bit of a grey area, because with severe planchet flaws, your coin can be graded and encapsulated, but as an error, providing you are paying for that service (which is not cheap). Fantastic summary sir!! Succinct and easily understood. May I have your permission to copy your post, and present it to my coin club up here in Ottawa, Canada?? I can give you full credit (or Coin Talk in general, if you prefer to remain anonymous). SPP-Ottawa
That was very informative Doug. Not just a snap answer by any means. I hope everyone see's the time, effort and knowledge you put into it.
Questionable Grading Purpose? I believe you'll find that the original intent of TPG was to honorably evaluate the condition of a coin relative to published standards of the A.N.A.. As time elapsed, some tried to maintain those standards in grading, while others relented to the pressures of dealers/"investors", seemingly deviating to new unspecified "Market" standards. These new standard coins condition can vary many grades from the original published standards, and even in a gross error condition have a grade on something not a genuine coin. The new grading standards appear to be a function of coin scarcity/uniqueness related to demand for a product normally unaffordable to novice "collectors". Having viewed expensive quality "copies" produced by modern replication processes on original production equipment, submitted to TPG for authentification, being returned as "Questionable Authenticity", I'm not certain that TPG can even assure a "guarantee of genuineness": http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=4486460 I've been a party to coins being certified "cleaned" by a stringent "old school" TPG, submitted to a "Market" grading TPG, realizing a "Mint State" grade. I suspect many viewing this forum have had/known similar experiences. Regardless, I have shown TPG coins without a "cleaned" designation that I believe would be adjudicated as "altered state" coins. I believe the condition of questionable certification denies the argument that "properly cleaned coins are undetectable". JMHO :thumb:
Well, kinda. But if a planchet flaw is severe enough the coin won't even be slabbed as an error, even if you do pay for it. By all means, of course you can use it. I write what I write to help people,not for any other reason. And of course I'd be proud to have you tell them I wrote it
Not exactly. Yes, you can clean a coin properly and not do any harm to the coin. But that does not mean that you cannot tell that the coin has been cleaned. Whenever you see a mint state coin and that coin has no toning on it, then you know with almost certainly that that coin has been properly cleaned. With circulated coins, depending on just how circulated they are of course, the coin is going to have some dirt and grime on it. And probably be toned. So when you see a circulated coin that has no dirt & grime on it, then you know that the coin has been properly cleaned. The point I am making is that the cleaning itself, even when done properly, is not undetectable.
An OP Directed Stated!! Unlike your statement which I believe added little of enlightenment, possibly only referring to my post #29?, I'll relate the post to the OP subject. Minimally, a reference would have helped continuity of thread. I believe the thread was titled "How bad does cleaning hurt Key Date coins?". A query? was posted subsequent to my post #8, that I felt obligated to answer with decorum. I tried to answer the question and yet maintain continuity relative to thread subject. I believe my summative statement is OP directed. "I've been a party to coins being certified "cleaned" by a stringent "old school" TPG, submitted to a "Market" grading TPG, realizing a "Mint State" grade. I suspect many viewing this forum have had/known similar experiences. Regardless, I have shown TPG coins without a "cleaned" designation that I believe would be adjudicated as "altered state" coins. I believe the condition of questionable certification denies the argument that "properly cleaned coins are undetectable"." The crux of my summation was that since TPG are assigning grades without exceptions to "cleaned" coins, the condition may be irrelevant to diminished value. I trust this expansion to my post immediately preceding your directed comment may clarify my intended continuity of thread. If your comment was unintended for my post, I apologize for the elaboration. :bow:
Cleaned coins, regardless of date are severely devalued. Half of market value, or less. The only advantage a cleaned key date has is that it can be acquired much more cheaply than a problem free key date.
they slab cleaned coins all day the question is between harshly cleaned and cleaned and that is a judgement call. you know what big money does? it impairs judgement
I know what you are saying but at the same time, look at what some coins bring on Ebay. Even when the seller calls it cleaned there are enough bidders to drive the price beyond what most feel it's worth. it's not easy to put a value on a cleaned coin. Most that have been in the hobby for many years have learned to stay clear of most problem coins. Just too much risk.