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Why pay so much for red copper? It will all be brown eventually.
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<p>[QUOTE="calcol, post: 7892732, member: 77639"]I’ve noticed that older, high-grade copper coins often sell for a huge premium if the color has been graded red (RD) rather than red-brown (RB). These aren’t on my shopping list by a long stretch <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie47" alt=":greedy:" unselectable="on" unselectable="on" />, but here are a couple of examples:</p><p><br /></p><p>1. 1876 IHC in PCGS MS66 auctions for around $2,000 in RB but zooms to $9,000 in RD.</p><p><br /></p><p>2. 1868 2-cent in PCGS MS66 auctions for around $4,000 in RB but zooms to $20,000 in RD.</p><p><br /></p><p>Eventually both the RBs and RDs will be BN unless stored in a vacuum or inert atmosphere. Might take 2 years or 2+ centuries, but it will happen. Oh, and the grading services don’t guarantee color designations on copper. Reds get regraded at your own risk with regard to color.</p><p><br /></p><p>There is a similar, but less pronounced, effect of the magic RD qualifier on prices of lower grade coins.</p><p><br /></p><p>Seems foolish to me.</p><p><br /></p><p>I’ve seen posts on forums alluding to techniques for upgrading color of copper so that the result is acceptable to grading services. I’d really like to learn one. Then I might buy a $4,000 coin and convert it into a $20,000 coin. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 7892732, member: 77639"]I’ve noticed that older, high-grade copper coins often sell for a huge premium if the color has been graded red (RD) rather than red-brown (RB). These aren’t on my shopping list by a long stretch :greedy:, but here are a couple of examples: 1. 1876 IHC in PCGS MS66 auctions for around $2,000 in RB but zooms to $9,000 in RD. 2. 1868 2-cent in PCGS MS66 auctions for around $4,000 in RB but zooms to $20,000 in RD. Eventually both the RBs and RDs will be BN unless stored in a vacuum or inert atmosphere. Might take 2 years or 2+ centuries, but it will happen. Oh, and the grading services don’t guarantee color designations on copper. Reds get regraded at your own risk with regard to color. There is a similar, but less pronounced, effect of the magic RD qualifier on prices of lower grade coins. Seems foolish to me. I’ve seen posts on forums alluding to techniques for upgrading color of copper so that the result is acceptable to grading services. I’d really like to learn one. Then I might buy a $4,000 coin and convert it into a $20,000 coin. ;) Cal[/QUOTE]
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Why pay so much for red copper? It will all be brown eventually.
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