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 Replies: 24 / Views: 3,725 |
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Pillar of the Community
 United States
6398 Posts |
This coin was a crack-out from an NGC "AU Details Improperly Cleaned" slab. The cleaning showed to me as just a reduction in luster on the obverse, very subtle. I saw no hairlines, tooling, or other problems and thought it was worth a resubmission to PCGS. Result to follow....  |
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Pillar of the Community
United States
3234 Posts |
I love gold, but (other than 1 case) I tend to stay away from yellow gold. Yellow means it has been cleaned/dipped. In the case of a details coin, if the luster is impaired at all, it's likely that it was overdipped.
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Pillar of the Community
United States
6398 Posts |
Westcoin, you are correct about the Small Stars variety. Likely subjected to a gentle cleaning at some point, it was nevertheless judged market-acceptable by PCGS. The assigned AU-53 grade may represent a net-grade adjustment since overall detail looks more 55 than 53. As an official problem-free coin it is the best single piece in my collection.  |
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Pillar of the Community
United States
1132 Posts |
Now to wipe the drool off of my keyboard....  |
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Pillar of the Community
United States
1002 Posts |
Nice call, you probably nearly doubled the value, congrats  |
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Valued Member
United States
167 Posts |
This is exactly why grading is subjective. This coin is nice and its very expensive and high end and I dont have anything against OP but honestly NGC had this one correct. Ive heard in the past TPG services are more lenient with older gold coins. So we come to the conclusion of buy the coin not the holder. I wouldnt buy this one. This coin was for sure overdipped/cleaned. |
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Pillar of the Community
United States
4409 Posts |
Man I was way too conservative in my grading of this piece. Panzaldi was spot on.
I think one would be hard pressed to find a 200+ year old gold coin that HASN'T been cleaned at some point.
-MV
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Pillar of the Community
United States
2589 Posts |
Now thats how to profit off of buying the coin and not the slab!
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Pillar of the Community
United States
3486 Posts |
"Now thats how to profit off of buying the coin and not the slab!" Unless the potential buyer thinks that PCGS was too forgiving and overlooked a cleaning/dipping. I grow less and less trusting of ALL TPG grading. Notwithstanding, the coin looks very nice. |
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Valued Member
United States
432 Posts |
Beautiful $10 gold Jaobler. Even with the mentioned cleaning it still looks great. I would buy it in a heartbeat in that holder. if the funds were available at that time. Good Job |
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Moderator
 United States
15570 Posts |
Beautiful coin ... tremendous score to get it in a PCGS problem-free holder.
David
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Bedrock of the Community
United States
10982 Posts |
I agree with the grade and am not surprised it was from NGC Details to PCGS Problem-free. It happens all the time and this piece does not appear harshly cleaned. As others noted, it is a very attractive coin either way.
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Pillar of the Community
United States
5854 Posts |
Congrats! That's quite a score!
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Pillar of the Community
United States
9796 Posts |
Very nice little upgrade on this one. I looked at quite a few on HA.com and think it's better looking than many of the low end MS graded coins, as you say jaobler, AU53 is probably a net from the AU55 detail this coin shows for the cleaning. In fact most of the MS60-63 grade coins I looked at were full of very ugly hairlines. This coin beats 75% of the ones I saw in the overall looks department.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
3234 Posts |
Quote:This is exactly why grading is subjective. This coin is nice and its very expensive and high end and I dont have anything against OP but honestly NGC had this one correct. Ive heard in the past TPG services are more lenient with older gold coins. So we come to the conclusion of buy the coin not the holder. I wouldnt buy this one. This coin was for sure overdipped/cleaned. By the comments I'm seeing on this thread and the grading results, it appears that the OP was completely vindicated in his assumption that the coin could be put into a more valuable holder. People will buy the holder. The coin looks like a beautiful, bright, canary, yellow gold. This indicates that it has been almost definitely messed with. NGC thought it was improperly dipped and PCGS gave it a pass. At some point the coin will be passed onto someone who either doesn't care that the coin has no originality left and has been possibly over-dipped or someone who simply is buying the holder. |
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Replies: 24 / Views: 3,725 |
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Posted 02/08/2015 10:05 pm
