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Peace Dollar - The learning of a lesson
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<p>[QUOTE="tommybee, post: 979636, member: 24999"]It has been cleaned. There are hairlines all over it. I can't really tell if there is any evidence of circulation from the pictures. I don't see any on the hair but the truncated part of the neck seems to show some.</p><p> </p><p>Don't feel bad. I did almost the same thing. When I first started I purchased a few raw Peace Dollars graded MS 60 to MS 63 by the dealer. Now that I know a lot more about grading and how to spot cleaned coins I can tell that two are clearly AU and the uncirculated one has hairlines ALL over it.</p><p> </p><p>They were common dates and I didn't pay more than $25 for any of them. Lesson learned. I keep them as a warning and to help my grading skills. </p><p> </p><p>I wouldn't worry to much about paying $50 for a coin like this. It could have been way worse. I know guys that have bought raw gold coins and paid for a significant numismatic premium to find out later they had been cleaned. They came back bagged from NGC.</p><p> </p><p>I only buy from NGC and PCGS. They are the most trusted and if I want to move some coins, slabs from those two TPG make your collection much more liquid.[/QUOTE]</p><p><br /></p>
[QUOTE="tommybee, post: 979636, member: 24999"]It has been cleaned. There are hairlines all over it. I can't really tell if there is any evidence of circulation from the pictures. I don't see any on the hair but the truncated part of the neck seems to show some. Don't feel bad. I did almost the same thing. When I first started I purchased a few raw Peace Dollars graded MS 60 to MS 63 by the dealer. Now that I know a lot more about grading and how to spot cleaned coins I can tell that two are clearly AU and the uncirculated one has hairlines ALL over it. They were common dates and I didn't pay more than $25 for any of them. Lesson learned. I keep them as a warning and to help my grading skills. I wouldn't worry to much about paying $50 for a coin like this. It could have been way worse. I know guys that have bought raw gold coins and paid for a significant numismatic premium to find out later they had been cleaned. They came back bagged from NGC. I only buy from NGC and PCGS. They are the most trusted and if I want to move some coins, slabs from those two TPG make your collection much more liquid.[/QUOTE]
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