Discussion in 'US Coins Forum' started by Insider, May 25, 2022.
I would downgrade the coin to MS-65 FS or MS-66 FS
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True, those marks can influence the MS grade range a lot. Not so much for the circulated grades.] My thought/assumption is the marks on the OP coin must not be very distracting being you are reviewing a coin initially graded MS-68 by a co-worker."
Unfortunately, you have made an incorrect assumption. Happens to me a lot too.
Well, in this instance I have to make assumptions and rely on my co-worker's grading ability. Being I am making the call based on a single photograph that enlarges the impacted area by 50 to 100 times its actual size.
If you operate on the assumption that slabs are intended to facilitate sight unseen trading, things like this are difficult. Some buyers just aren't gonna like this coin.
Seems like ICG sometimes makes some kind of notation for anomalies on the label, that would seem appropriate to me here.
Quick question based on this -
If you don't know then how do you know (that the mint caused it)?
Second thought was, "68, really"
Third thought was, "who is the blindman on the grading floor?, good thing we have QC"
Last thought was, "Details, damaged".
The event of the damage being caused at the mint is nothing more than a mcguffin.
You are a professional TPG. Only the finalizer's grade counts. Your "gut" is usually correct.
When my car goes missing, I know it is missing. I do not know who took it.
AMEN! The problem is, coins in general have a lot of imperfections. As a TPG "market acceptability" becomes a factor. That's why I posted this example to stir up a discussion and let others express their opinion. We see lots of coins straight graded by TPGS that members don't like.
He mentioned mint set. I'm going to guess it came in for grading in OGP.
It's too much. The 50c in the set with the same damage was worse. This is common on Ikes and Anthony dollars.
You Sir, would make an EXCELLENT COIN DEALER!
In my ideal world. [Play the harp music] Any collector would be able to look at a coin and see everything on it and know what caused everything they saw. They would miss nothing. They would also know the price spread, its grade and value. Unfortunately, [stop the music] I'm dreaming. The TPGS try to protect uninformed (Ignorant - look the word up) collectors.
You see, some folks DON'T NEED TPGS! Unfortunately, IMO, the vast majority from CRH to investors do.
As a former coin dealer, I tried to educate my customers; sell at a fair price while buying at the highest price. In that regard, the first thing I would alert someone looking at a superb specimen as this (with reverse damage) is the DAMAGE.
THE COIN IS DAMAGED and not suitable for an informed, quality conscious collector. It's value and salability is reduced.
In my experience, TPG "Detailed" coins are selling just as fast as straight graded coins. More collectors can afford them and problem vintage coins far outnumber non-problem coins. Furthermore, your excellent suggestion was tried and rejected - Grade the coin for what it is and let the market price it!
Bottom line, collect what you wish BUT most of you better look closely at what you buy so you can make an informed decision. The TPGS's are around to aid you.
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