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<p>[QUOTE="Insider, post: 3153217, member: 24314"]John Johnson, posted: "It is damage, but my question is does that sometimes make the coin more appealing. I think the amount of damage that would have to happen before the coin is no longer appealing would be up to the individual collector. If my dollar had been chopped to the point it was barely recognizable I probably wouldn't have bought it."</p><p><br /></p><p>I don't think I can disagree with much posted in this thread. All kinds of things added to a coin after it was made may add interest and value.</p><p><br /></p><p>As was stated, <span style="color: rgb(179, 0, 179)">PCI was the first grading service to <b><i><span style="color: rgb(102, 0, 0)">slab</span></i></b> problem coins.</span> INSAB (the FIRST TPGS) was the first service to <b><i><span style="color: rgb(102, 0, 51)">grade</span></i></b> all coins (for free) including problem coins using the "Technical Grading System. The "Details" grading done today by all the major TPGS's is very close to the "technical" system used in the past at INSAB.</p><p><br /></p><p>I worked at both services when these things were done. I'll remind folks that all the TPGS were returning problem coins unslabbed and keeping the money! Lewis Revels at PCI said that if he knew how popular the "Red Label" service for problem coins would have been, he would have done it immediately after buying the Hallmark grading company. Unfortunately, <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie85" alt=":smuggrin:" unselectable="on" unselectable="on" /> dealers bragged that they could take a large number of the PCI problem coins and send them elsewhere for a straight grade! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie46" alt=":facepalm:" unselectable="on" unselectable="on" /></p><p><br /></p><p>As for "chopmarks," and most things added to a coin after it was struck, everyone posting is correct. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /> Obviously a chop is <span style="color: rgb(255, 0, 0)">DAMAGE</span> to a coin. It may or may not add value; that depends on the collector. Many chopmarked coins have been straight graded by the TPGS's and many from the same services can be found in "details" holders. AFAIK, this determination is in a state of flux. It may even depend on each individual coin.</p><p><br /></p><p>The Brasher Doubloon is straight graded. It is also a damaged coin. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Insider, post: 3153217, member: 24314"]John Johnson, posted: "It is damage, but my question is does that sometimes make the coin more appealing. I think the amount of damage that would have to happen before the coin is no longer appealing would be up to the individual collector. If my dollar had been chopped to the point it was barely recognizable I probably wouldn't have bought it." I don't think I can disagree with much posted in this thread. All kinds of things added to a coin after it was made may add interest and value. As was stated, [COLOR=rgb(179, 0, 179)]PCI was the first grading service to [B][I][COLOR=rgb(102, 0, 0)]slab[/COLOR][/I][/B] problem coins.[/COLOR] INSAB (the FIRST TPGS) was the first service to [B][I][COLOR=rgb(102, 0, 51)]grade[/COLOR][/I][/B] all coins (for free) including problem coins using the "Technical Grading System. The "Details" grading done today by all the major TPGS's is very close to the "technical" system used in the past at INSAB. I worked at both services when these things were done. I'll remind folks that all the TPGS were returning problem coins unslabbed and keeping the money! Lewis Revels at PCI said that if he knew how popular the "Red Label" service for problem coins would have been, he would have done it immediately after buying the Hallmark grading company. Unfortunately, :smuggrin: dealers bragged that they could take a large number of the PCI problem coins and send them elsewhere for a straight grade! :(:facepalm: As for "chopmarks," and most things added to a coin after it was struck, everyone posting is correct. :rolleyes: Obviously a chop is [COLOR=rgb(255, 0, 0)]DAMAGE[/COLOR] to a coin. It may or may not add value; that depends on the collector. Many chopmarked coins have been straight graded by the TPGS's and many from the same services can be found in "details" holders. AFAIK, this determination is in a state of flux. It may even depend on each individual coin. The Brasher Doubloon is straight graded. It is also a damaged coin. :D[/QUOTE]
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