How bad will rim damage affect grading?

Godwin's Law - 15 posts into a thread about rim dings.

 

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Wow that's actually really funny. I've never even heard of that until now

 

Well for example, the 1881 is a 25$ coin on eBay as is. IMO it's an ms65 coin without the rim damage. So subtract a grade and make it ms64. 1881-o in ms64 books at 175. Probly could get 140 on eBay. So if you take the 22 I paid, plus 25 for grading and shipping (ngc economy) then my cost is 47 dollars, in which I could net about 100 on eBay, or keep for my personal collection. I don't like to keep ungraded Morgans because it's like the situation with shroedingers cat.(the cat is neither dead nor alive until the box isopened)

 

Raw coins could grade better, or worse than expected. Or come back details. I, for one, like to take mystery out ofthe equation and know what I have and what it's worth. For even common dates, grading even ms63, would allow me to break even with the coin, if they grade 64 or 65 I makemoney. But raw, they will bring little if any more than what I paid

 

That was my post that hasn't been approved in 2 chunks

 

Sorry. I just figured if the member was already able to post he was good to go. I spoke to soon.

 

I think that there is an algorithm that flags new posters' posts if they have any mention of "selling." That seems to be the case here.

 

and I was just going to say "Welcome to CT".

 

I'll still use the forum, I was just frustrated at the time.

 

I reiterate-- none of them grade. Despite your rude comment, I know how to grade.

 

Hardly a member here cannot share that feeling at one time or another.

 

Since you are the expert on rim damage, how did PCGS grade this Morgan with its "severe" rim damage?

 

If you will ask the question civily, without the snarky attitude, I will be glad to explain it. I don't dig snotty comments.

 

I'll take a stab at it, 64?

 

I appreciate your pleasant and positive response disagreeing with me, as opposed to someone who won't check his attitude at the door. Sure, they were shoveled into wheelbarrows, and jammed into mint bags. Major contact was often made, and this would result in bag marks and some scratches.

I think we can all agree that the 1897 has major rim damage. The other two are judgement calls. My view on a coin detailed for damage is: How prominent and disfiguring is the damage? In the case of the other two, I feel that the rim knocks are significant enough to possibly be a details coins. A scratch across the face of the obverse that is prominent would make it a details coin. If the eagle's feathers are bisected by major scratches, that is a details coin to me. Significant rim damage falls into the same category.

I would not own any of the three due to significant damage. Perhaps, a TPG might let them slide, taking off 1-2 grades. As for me, I feel they are significant distractions that equal "no grade."

 

If so, it would be misgraded.

 

if it is mine: no effect or very little

if yours: big effect, a whole lot

 

Fine. Be that way.

I guess so. It graded MS-65.

I will buy all of your worthless "damaged" Morgans and sell them for a significant profit at their actual grade.