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T. Carisius Denarius with smoothing
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<p>[QUOTE="Carthago, post: 4020872, member: 76111"]My observations to this situation:</p><p><br /></p><p>1. If the OP saw the slab at the time of purchase, he shouldn't have bought the coin if he was concerned about the smoothing. I don't think it's the dealer's responsibility to point that out when it's plainly indicated by the grading service.</p><p><br /></p><p>2. The coin that Michael Stolt posted is indeed the OP's coin. This coin sold for 650 CHF on a 450 CHF estimate by NAC in Switzerland May 2017. It is described as "Wonderful old cabinet tone, minor areas of weakness,</p><p>otherwise about extremely fine."</p><p><br /></p><p>3. $262 on a coin that sold for closer to $800, contested in a public auction, seems like a very good deal to me.</p><p><br /></p><p>4. I don't see evidence of smoothing but I do trust that NGC probably has indeed identified an area of it. There may be indications of it under the anvil, but it sure isn't really obvious at least to my eyes from the picture. I also believe NAC would have identified the tooling in their description if it were obvious and the market participants would have likely discounted it too in the price if it were obvious. Bottom line, it's not that obvious if it even really exists on this coin.</p><p><br /></p><p>5. Depending on the OP's collection level, I think he might have thrown away a darn decent coin that he could have cracked out of the slab and been quite satisfied with at a wonderful price. </p><p><br /></p><p>Now if the smoothing is really obvious in hand, then no I would not recommend keeping or buying it. I just don't think it is. Buy the coin, not the slab.[/QUOTE]</p><p><br /></p>
[QUOTE="Carthago, post: 4020872, member: 76111"]My observations to this situation: 1. If the OP saw the slab at the time of purchase, he shouldn't have bought the coin if he was concerned about the smoothing. I don't think it's the dealer's responsibility to point that out when it's plainly indicated by the grading service. 2. The coin that Michael Stolt posted is indeed the OP's coin. This coin sold for 650 CHF on a 450 CHF estimate by NAC in Switzerland May 2017. It is described as "Wonderful old cabinet tone, minor areas of weakness, otherwise about extremely fine." 3. $262 on a coin that sold for closer to $800, contested in a public auction, seems like a very good deal to me. 4. I don't see evidence of smoothing but I do trust that NGC probably has indeed identified an area of it. There may be indications of it under the anvil, but it sure isn't really obvious at least to my eyes from the picture. I also believe NAC would have identified the tooling in their description if it were obvious and the market participants would have likely discounted it too in the price if it were obvious. Bottom line, it's not that obvious if it even really exists on this coin. 5. Depending on the OP's collection level, I think he might have thrown away a darn decent coin that he could have cracked out of the slab and been quite satisfied with at a wonderful price. Now if the smoothing is really obvious in hand, then no I would not recommend keeping or buying it. I just don't think it is. Buy the coin, not the slab.[/QUOTE]
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T. Carisius Denarius with smoothing
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