I bought a 1947 Balboa on eBay and maybe overlooked a flaw at about 11 o'clock on the obverse rim, I believe, but am not sure how big the flaw is. Since I got this coin for $39.99, I don't plan on returning it. Visually, it looks nice, but technically it may not merit a grade. The thing is, as you can see, it's a large coin and the rim nick is not that noticeable compared to the size of the coin. So, what's the grade?!? I think it's a nice collector's item regardless. Thanks in advance!
As part of the learning curve, one learns to avoid coins with rim nicks. They are also easy to conceal in photos online, hence why eBay can be tricky. In this case, it seems to be right at the borderline of what is or isn't acceptable, with some minor flattening. I suppose it's up to the grader on this call. Looking at some of the silver British Crowns on eBay recently, the cheaper ones tend to have noticeable rim nicks.
So, what grade should be given to this coin? I am thinking it was sold so cheaply because it is at the border of what is or isn't tolerated for a numerical grade. Any feedback is appreciated.
Looks more like a rim bruise to me. They are common on heavier coins that get droped on hard surfaces. As for slabbing, it would depend on the extent and frankly the mood of the grader that day. I am not very familiar with this series, but what worries me more is the shiny luster on his beard. Is this common on this issue? Is this a shiny proof? If its a business strike, it seems abnormal, maybe like someone polished the coin. Its a very pretty coin though. I can see why you bought it.
I don't think it was polished; I think it really is an uncirculated coin. But based on my preliminary research, "rim bruises" tend to be frowned upon by graders. I will just assume it is an "MS60 Details, Obverse Rim Damage" grade. It's still worth what I paid for it, at least. Thanks for the feedback.
