Regarding CAC

Fair enough.

 

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For the folks that need glasses can you point out where the putty is in the photo? Is it the dots around the date?

BTW my experience is when a coin is puttied correctly it is difficult to detect until much later when the color of the coin changes differently than the putty.

 

ANA Summer Seminar starts in about 10 days. During Week II I will attend a mini-seminar hosted by John Albanese where he will tell us the ins and outs of the CAC stickers. I will be sure to share what I learn from the himself.

 

Wow, Mike, that doesn't look like a 63...
I don't know much about putty in coinage, but I'm guessing the thing that looks like wear up top on the headdress, on below liberty on the hair, is that the putty? It looks like wear almost, with those pics, I wouldn't grade it at a 63, that is for sure.

 

OK I am new what is a puttied coin and why do it?

 

It is all over the obverse -- in the fields to the left of the indian, on the cheek and in the headdress. The putty has started to flake off, and that's what you're seeing around the date.

The putty was (presumably) not visible to PCGS when the coin was graded, nor was it visible to the dealer who bought it, nor to me when I did. It was a few years later that it became obvious. Here's a pic of the coin not long after I bought it:

 

To get a higher grade and price.

For example, take an MS 62 coin, putty it, and get an MS 63 or 64 coin.

$$$ is the answer to your question.

 

Still the question has yet to be answered about what exactly putty is...
I took a wild guess and said the spots where I can see wear on the feathers on the headdress, the hair under liberty, and those dots near the date... But I could be wrong.
I'm guessing using putty on a coin, is used to hide some of the wear and tear, and the marks on it, but how exactly is it used or applied, and how is one to go about doing something like this.
Just curious, because I've heard of this, but don't really have a clue what it is

 

I don't know what it is or how to apply it as I've never done it. My understanding is that it is an opaque substance that hides marks/hairlines that is applied by hand to get higher prices.

 

Thank you Doug, makes a lot more sense to me now

 

From my own experience, the CAC will provide a "why it didn't sticker" if requested by the one doing the submitting.

I know that I received "reasons" for all of my coins when sent to CAC.

I would suggest Kevin seek the advice of a professional or experienced numismatist and/or CAC to help identify the potential issues with the gold coin posted by the OP in another thread.