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AU-58 Is MS-64

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Forum Dad
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United States
24162 Posts
 Posted 12/02/2018  5:33 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list

Quote:
Many of the fakes I own (including those in PCGS slabs) can only be detected with a loupe. So if you can't detect a fake with your naked eye you couldn't care less?


We're talking about dipping, NOT fakes, but if changing the subject makes you feel better and you think it helps you prove your point good for you.


Quote:
So if an expensive purchase comes back with a No Grade on the slab you would reply "Who cares"?


If I can't tell a coins been dipped 99% of the time neither will a TPG. They don't look that hard.


Quote:
Also if a coin looks BUnc after dipping but takes on a weird colour after a few years you wouldn't care?


No I wouldn't, I like toned coins, even weird ones. Even though waiting a few years to change color would likely never happen. If it takes a few years, something else did it.
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 Posted 12/02/2018  6:05 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

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Basebal21, it is probably true that 2 or 3 people examine each coin to determine the grade, but does EACH of them examine it to confirm the particular die variety, or if it has markers that indicate that it is counterfeit?


They always do for everything. The varieties are a trickier part of it as some are automatic, others you have to pay to have on the label but they will in the sense of authentic or not. Some label mistakes are simply they hit the wrong number keying it in. I know that is frustrating but with all the different numbers and millions of coins a year that does happen sometimes.


Quote:
That probably applies to PCGSs best expert on pre decimals and if he misses that the quality fake isn't real then the 2nd and 3rd grader will have buckley's chance in the 10-30 seconds they have to examine/grade/record their opinion.


The whole grading time thing is an internet rumor. They obviously don't spend an hour on every coin but they take the time they need to. There is no countdown timer saying time to move on times up. Many coins only take a few seconds others take a lot longer.

Do fakes get through sometimes yes, as fakes have gotten better. It's exactly why they developed the AI gold shield program to help with that knowing that they have to try and stay a step ahead. Coins are a lot like guns and body armor, it's a back and forth where sometimes the other side has to do something before you can know how to beat it.

That said if they certify a fake they will pay up. There is a process and they do stick by it, but you have to go about it the right way which I have tried to help people with in the past. The fake itself when it's that good can often be worth more than the real coin as they are collectable in their own right and they won't overpay to counter that if money is the concern.


Quote:
A dipped coin sold as original is deception by definition.


A properly dipped coin you cannot tell it was. Many people claim they can based off the look, that's just not how it works. They guess because it wasn't toned, but a coin in the middle of a roll or stored well ect looks the exact same. Dipping is perfectly fine and in some cases saves a coin from what was on it when done right with the right coins.


Quote:

No, not even close. Deception, like fraud, requires intent. As stated a properly dipped coin is undetectable so unless the seller dipped it himself, there is no deception.





Quote:
So although the ignorant seller has no intention to deceive (lie) they still have committed unintended deception (an untruth) on the buyer.


Which everyone on the planet has done including yourself if that is the impossible standard you want to hold something too.


Quote:
Just because the seller is ignorant doesn't mean the buyer hasn't been deceived.
So if an expensive purchase comes back with a No Grade on the slab you would reply "Who cares"?
Also if a coin looks BUnc after dipping but takes on a weird colour after a few years you wouldn't care?
Many of the fakes I own (including those in PCGS slabs) can only be detected with a loupe. So if you can't detect a fake with your naked eye you couldn't care less?


Fakes have nothing to do with dipping. Non dipped coins can change colors after a few years as well.

If you want to hold things to these standards it would be best to avoid coins all together as anything can change color depending how you store it, where you live ect. You are applying a lot of things to dipping that applies to all coins.

Most people really don't understand what dipped coins look like done right or how they react. They just hear things about them or see some bad ones and assume it is a bad thing. It's only bad when done wrong or if you wanted a toned coin and it took that away.

Dipping is by far the most misunderstood subject when it comes to coins
Edited by basebal21
12/02/2018 6:08 pm
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Australia
852 Posts
 Posted 12/02/2018  9:23 pm  Show Profile   Bookmark this reply Add nealeffendi to your friends list
Hi Basebal and Bobby, I like toned coins but I have seen examples of graded dipped coins that look unnatural, especially where the dipping chemical leads to that weird look after they have been slabbed for a while.
Even "good" dipping does alter the coin slightly (though I can understand the need for it when a coin is in need of conservation).
Even if TPGs currently don't look so hard for dipping there is nothing to say that won't tighten their standards (much like they let gradeflation happen and then tightened their grading this year).
How can they have all 3 "experts" truly be experts in coins that they rarely (or never) see. Considering that they mostly just grade US coins and certain foreign coins 99.9% of the time). Many Australian coins have less than 10 graded, quite a few have either a single coin ever graded or none ever graded. This particularly applies to early proofs and rare die pairings.
As an example of such a rarity the 1926 serif sixpence has just 11 examples graded and there was only a couple of proofs minted (none have been graded as such). I say as such as the possibility exists that they have in error slabbed a proof as a circulation strike and they couldn't possibly know as they don't know the die markers for the proofs. So not one of the 3 are "experts" in either the circulation or proof strikes.
And most sellers of dipped coins are aware that the coin was dipped but choose not to reveal that. Caveat Emptor and playing dumb.
My fakes are in Gold Shield holders and were slabbed only 6 months back. They only pay under very limited scenarios as they won't pay if you submitted the coin and they make the dealer pay if it was a dealer submission. That basically limits them to paying where they cannot pass the compensation costs back to somebody else.
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 Posted 12/02/2018  10:09 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list

Quote:
And most sellers of dipped coins are aware that the coin was dipped but choose not to reveal that.


I couldn't disagree more, I think it's exactly the opposite.
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269 Posts
 Posted 12/02/2018  11:01 pm  Show Profile   Bookmark this reply Add CoinOS to your friends list

Quote:
No, not even close. Deception, like fraud, requires intent. As stated a properly dipped coin is undetectable so unless the seller dipped it himself, there is no deception


I did say 'sold as original' and I measured my words with care.

If the seller speaks to the quality of luster, as in 'original' in his coin description, and it sells - the fact that he has a pocket full of pesos and the buyer is happy is both incidental and irrelevant to my point.

Neal was correct in his stating that the graders do mostly US coins, and e.g. Morgan dollar grading precision cannot be closely aligned with Australian pre-decimal silver grading in terms of experience and quantity.

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Australia
908 Posts
 Posted 12/06/2018  7:14 pm  Show Profile   Bookmark this reply Add stevo1962 to your friends list

Quote:
Quote:
People can be deceived in many ways including by sellers ignorance and carelessness


Sorry but that's rubbish. If I have no clue it's been dipped I did not deceive you.



Thats like saying I didn't know that murder was illegal so I'm going to kill you and it will be ok to do so .The point being that ignorance of the law does't make it legal or ok .The same applies to selling coins if you're an honest person with a conscience.Ignorance is not justification
Edited by stevo1962
12/06/2018 7:16 pm
Forum Dad
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 Posted 12/06/2018  7:53 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list

Quote:
Thats like saying I didn't know that murder was illegal so I'm going to kill you and it will be ok to do so.


Another fan of reductio ad absurdum I see. No it's no where near "like" murder, It's exactly like selling a dipped coin that you couldn't tell was dipped..... Geez Louise, I really hope you realize how ridiculous that is..
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Australia
908 Posts
 Posted 12/06/2018  8:00 pm  Show Profile   Bookmark this reply Add stevo1962 to your friends list

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Another fan of reductio ad absurdum I see. No it's no where near "like" murder, It's exactly like selling a dipped coin that you couldn't tell was dipped..... Geez Louise, I really hope you realize how ridiculous that is..


just saying ignorance is no excuse and if you deal in coins it is something you should be aware of unless you don't care
Edited by stevo1962
12/06/2018 8:02 pm
Forum Dad
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 Posted 12/06/2018  8:07 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list
Maybe all sellers of coins should have to pass your class on spotting properly done dipping before they're allowed to sell.
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Australia
908 Posts
 Posted 12/06/2018  8:37 pm  Show Profile   Bookmark this reply Add stevo1962 to your friends list
Gotta love the banter between coin "experts" and their opinions
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Australia
852 Posts
 Posted 12/06/2018  11:38 pm  Show Profile   Bookmark this reply Add nealeffendi to your friends list
Bobby, they don't need a class on spotting dipping, they just need to have class and not deceive (AKA Lie) by making statements that they not only cannot back up but should have a good reason to suspect. I "KNOW" a coin is original if it comes from a mint roll, I "suspect" an old coin has been dipped if it is an atypical tone free brilliance. Therefore I wouldn't call any coin that I was trying to sell as undipped unless I was either certain (rolled coins) or confident (that rich toning that takes decades to develop). I have purchased many times from sellers who are honest and from those who I'm confident have lied I don't buy or bid for their wares. As for sellers who seem to have lots of shiny coins and not many (or any) toned coins I take the odds that they have been dipped even if the seller claims otherwise.
And most coins that have been "properly" dipped still show it even when they have been slabbed. They look great but when put along another then the little differences become more obvious. I don't hate the properly dipped coins but I prefer the never dipped 99% of the time.
Valued Member
269 Posts
 Posted 12/08/2018  5:56 pm  Show Profile   Bookmark this reply Add CoinOS to your friends list
Neal E

Quote:
coins that have been "properly" dipped still show it even when they have been slabbed. They look great


Basebal21

Quote:
Dipping isn't cleaning nor can you tell when it's done properly. Anyone saying otherwise is kidding themselves and just guessing based off of color.


AU-58-Is-MS-64

-----------------------------------------------------------------------------------------------------------------------------------------------

AU-58-Is-MS-64
AU-58-Is-MS-64

One dipped, one not.
Who could ever possibly tell the difference?




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13014 Posts
 Posted 12/08/2018  6:49 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
Terrible terrible example. The second coin doesn't even have real life pictures. The white balance is way off.

Dipping cannot be detected on high grade coins when done properly, it really is that simple
Valued Member
269 Posts
 Posted 12/09/2018  01:30 am  Show Profile   Bookmark this reply Add CoinOS to your friends list

Quote:
Terrible terrible example. The second coin doesn't even have real life pictures. The white balance is way off


AU-58-Is-MS-64

Here is a real life picture of the second coin. ^^


That coin although it has obverse damage (most pearls absent) was sold by Heritage auctions 11 years ago for over USD8,000

I suspect Heritage know what color temperature means.

Anyhow: Below is an image of the first coin AU55 by PCGS.
I have altered the appearance with Adobe Photoshop.

AU-58-Is-MS-64

Does that look more natural?

Here are the reverses side by side looking as natural as Photoshop 2014 allows:

AU-58-Is-MS-64

Left AU55 PCGS | Right MS63 PCGS

Some might say the AU55 was overdone a bit and they might be right.

Both coins are in my opinion misgraded, but maybe I'm just dippy.

The AU55 is on ebay now 401647513294 and bidding is at a few hundred bucks, which is okay - it's a nice coin.

Maybe I'll buy it

#

Valued Member
269 Posts
 Posted 12/10/2018  06:13 am  Show Profile   Bookmark this reply Add CoinOS to your friends list
The AU55 1915 shilling auction closed at aud838 (usd604)

The 1915h minted at the now demolished Birmingham mint is worth more but both are hard to find in decent grades.
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