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<p>[QUOTE="ToughCOINS, post: 2033282, member: 20480"]Unfortunately, coins designated either "Genuine" or "Details" are stigmatized, often unfairly. Why? Because the presence or absence of the designation creates a black or white mindset.</p><p><br /></p><p>The severity of a problem can run the gamut, from extreme to rather subtle, and the value of a coin with a subtle problem might well be closer to that of a graded coin than of a coin with a similar type problem of typical severity, and far more than a severe problem of the same type. </p><p><br /></p><p>This is especially true for very rare coinage. Examples that come to mind are the Chain Cent (mentioned above), 1829 Curl Base 2 Dime, and 1916/16 Nickel . . . all commonly found with problems . . . in fact, almost non-existent without.</p><p><br /></p><p>It is right for the TPG's to flag the problem with the designation, so that potential buyers know what to look for in examining the coins.</p><p><br /></p><p>Just as importantly, it is wrong to reject, out-of-hand, all potential purchases simply because they have been so designated. Failing to give the time of day to an imnportant coin with a minor problem could prove a regretful move.</p><p><br /></p><p>- Mike[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 2033282, member: 20480"]Unfortunately, coins designated either "Genuine" or "Details" are stigmatized, often unfairly. Why? Because the presence or absence of the designation creates a black or white mindset. The severity of a problem can run the gamut, from extreme to rather subtle, and the value of a coin with a subtle problem might well be closer to that of a graded coin than of a coin with a similar type problem of typical severity, and far more than a severe problem of the same type. This is especially true for very rare coinage. Examples that come to mind are the Chain Cent (mentioned above), 1829 Curl Base 2 Dime, and 1916/16 Nickel . . . all commonly found with problems . . . in fact, almost non-existent without. It is right for the TPG's to flag the problem with the designation, so that potential buyers know what to look for in examining the coins. Just as importantly, it is wrong to reject, out-of-hand, all potential purchases simply because they have been so designated. Failing to give the time of day to an imnportant coin with a minor problem could prove a regretful move. - Mike[/QUOTE]
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