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So when does scarcity overrule gradability
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<p>[QUOTE="tammiGee, post: 3312151, member: 98133"]In this case of a family heirloom, my Grandfather took this coin in at his retail establishment (1909-1950) in South Texas as payment. He (we) have always known it had a smear of what seems like jewelers solder on the reverse. So it was removed from circulation sometime in the mid 20th century. Fast forward to present, PCGS no-graded this coin with the reason of solder present which could have moved metal (key word could). According to NGC website:".........first of only five S-mint issues in this series, the 1855-S boasts an original mintage of only 6,000 pieces. Most of these coins were lost to circulation, and scholars estimate that no more than 95 examples have survived in all grades....." and from the other guy's site a quote from David Akers.."...is very scarce in all grades and it actually has the fewest number of auction appearances in our 238 catalogue auction survey of any regularly issued date in the series with the exception of the 1873 Closed 3 which may or may not have been intended for circulation. The 1855-S is also tied with the 1857-S for second lowest number of auction records in unc. and it has the fewest auction records in AU. Overall, it has the lowest average grade of any date in the entire series. A quick look at auction records from 1950 to 1976 shows that no 1855-S was catalogued as better than EF since 1950."</p><p> "SURVIVAL NUMISMATIC RELATIVE RELATIVE RARITY</p><p> ESTIMATE / RARITY/ RARITY BY TYPE/ BY SERIES/ </p><p>400 R-6.2 9 / 41 TIE 9 / 41 TIE"</p><p>So where does a collector draw the line of their own perception of value of a specimen due to scarcity over a TPG quorum opinion of a coin being considered un-gradable due to this above stated condition? I'm sure there is a meturagist or two in this forum that can state the melting temperature of 1855-1940's solder versus temperature to melt a 90% Gold, 10% Copper coin enough to move metal and upset the integrity the coins' features. I would appreciate any comments, facts or feelings toward my question.... </p><p>see what a graded example looks like!</p><p><a href="https://www.ebay.com/itm/1855-S-Three-Dollar-Gold-3-PCGS-Certified-VF20/332798247357?hash=item4d7c5241bd:g:OF4AAOSwcTlblDA1:rk:10:pf:0" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ebay.com/itm/1855-S-Three-Dollar-Gold-3-PCGS-Certified-VF20/332798247357?hash=item4d7c5241bd:g:OF4AAOSwcTlblDA1:rk:10:pf:0" rel="nofollow">https://www.ebay.com/itm/1855-S-Three-Dollar-Gold-3-PCGS-Certified-VF20/332798247357?hash=item4d7c5241bd:g:OF4AAOSwcTlblDA1:rk:10:pf:0</a></p><p><br /></p><p>[USER=77814]@Clawcoins[/USER] [USER=84179]@Oldhoopster[/USER] [USER=15199]@desertgem[/USER] [USER=74863]@Collecting Nut[/USER] [USER=100021]@Hagenhomestead[/USER] [USER=92083]@JCro57[/USER] [USER=78950]@NLL[/USER] [USER=10461]@lordmarcovan[/USER] [USER=94776]@CoinBlazer[/USER] [USER=86437]@Fred Weinberg[/USER] [USER=44615]@paddyman98[/USER] [USER=1859]@mikediamond[/USER] [USER=11540]@ldhair[/USER] [USER=66]@Conder101[/USER][/QUOTE]</p><p><br /></p>
[QUOTE="tammiGee, post: 3312151, member: 98133"]In this case of a family heirloom, my Grandfather took this coin in at his retail establishment (1909-1950) in South Texas as payment. He (we) have always known it had a smear of what seems like jewelers solder on the reverse. So it was removed from circulation sometime in the mid 20th century. Fast forward to present, PCGS no-graded this coin with the reason of solder present which could have moved metal (key word could). According to NGC website:".........first of only five S-mint issues in this series, the 1855-S boasts an original mintage of only 6,000 pieces. Most of these coins were lost to circulation, and scholars estimate that no more than 95 examples have survived in all grades....." and from the other guy's site a quote from David Akers.."...is very scarce in all grades and it actually has the fewest number of auction appearances in our 238 catalogue auction survey of any regularly issued date in the series with the exception of the 1873 Closed 3 which may or may not have been intended for circulation. The 1855-S is also tied with the 1857-S for second lowest number of auction records in unc. and it has the fewest auction records in AU. Overall, it has the lowest average grade of any date in the entire series. A quick look at auction records from 1950 to 1976 shows that no 1855-S was catalogued as better than EF since 1950." "SURVIVAL NUMISMATIC RELATIVE RELATIVE RARITY ESTIMATE / RARITY/ RARITY BY TYPE/ BY SERIES/ 400 R-6.2 9 / 41 TIE 9 / 41 TIE" So where does a collector draw the line of their own perception of value of a specimen due to scarcity over a TPG quorum opinion of a coin being considered un-gradable due to this above stated condition? I'm sure there is a meturagist or two in this forum that can state the melting temperature of 1855-1940's solder versus temperature to melt a 90% Gold, 10% Copper coin enough to move metal and upset the integrity the coins' features. I would appreciate any comments, facts or feelings toward my question.... see what a graded example looks like! [url]https://www.ebay.com/itm/1855-S-Three-Dollar-Gold-3-PCGS-Certified-VF20/332798247357?hash=item4d7c5241bd:g:OF4AAOSwcTlblDA1:rk:10:pf:0[/url] [USER=77814]@Clawcoins[/USER] [USER=84179]@Oldhoopster[/USER] [USER=15199]@desertgem[/USER] [USER=74863]@Collecting Nut[/USER] [USER=100021]@Hagenhomestead[/USER] [USER=92083]@JCro57[/USER] [USER=78950]@NLL[/USER] [USER=10461]@lordmarcovan[/USER] [USER=94776]@CoinBlazer[/USER] [USER=86437]@Fred Weinberg[/USER] [USER=44615]@paddyman98[/USER] [USER=1859]@mikediamond[/USER] [USER=11540]@ldhair[/USER] [USER=66]@Conder101[/USER][/QUOTE]
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So when does scarcity overrule gradability
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