| Author |
 Replies: 17 / Views: 3,704 |
Page 2 of 2
|
|
|
|
Valued Member
United States
191 Posts |
@DBM said: Especially since it has the Cook Collection pedigree.
Could you provide more information on this, please?
|
|
Pillar of the Community
 Canada
9864 Posts |
"Dipping" is not considered cleaning...
-from PCGS website
|
|
Pillar of the Community
 Canada
1081 Posts |
Oh right - Cook was the guy who cleaned most/all of his coins right?
|
|
Pillar of the Community
Canada
822 Posts |
The simple answer is it's rust/corrosion. Usually it's greenish on copper, but scrape it off and it's often black underneath. Could also just be a spot where something from the environment stained it black. I'd call it a corrosion mark, i.e. damage.
|
|
Pillar of the Community
 Canada
5394 Posts |
Verdigris , environmental damage . No way that coin should straight grade .
Does not appear mint state and the eye appeal is not great .
Much better things to spend 4 K + on .
|
|
Pillar of the Community
Canada
1081 Posts |
Yeah - I was really just curious as to what that stuff was. But perhaps the only salient point is that if a coin looks like that then stay away.
|
|
Pillar of the Community
Canada
5324 Posts |
That is why I tried to convey my comments about the regrading after having the opportunity to see 140 or so coins at the Chicago show, about 20 was reholder with no mention of cleaning, thus the problem. This is a poorly conserved example.
Edited by john100
06/14/2020 10:37 am
|
|
Pillar of the Community
Canada
1081 Posts |
@john100 - it's surprising...I think of PCGS as a fairly disciplined TPG. I would not have expected them to let something like this slip through. The obverse is quite good - but not perfect. And the reverse is...well.....the subject of this thread. |
|
Pillar of the Community
United States
1352 Posts |
I bought several of the Cook coins in Chicago. You had to be really careful, as many were cleaned (both noted on the holder and not). I went through every Cook auction lot by myself, formed some opinions om the coins I wanted, then consulted a few very knowledgeable dealers and collectors before I bid. In the end I bought seven coins there. Six of those were either not cleaned at all, or were well within what is market acceptable as an uncleaned coin (no hairlines, no loss of luster, no discoloration, etc.).
The seventh coin was an 1884 specimen cent that Mr. Cook cleaned the heck out of. He paid $56K US for it in 2014, uncleaned. I paid $6,600 US for it, now cleaned, in 2019. It is the only 1884 specimen cent in private hands. The color is now pretty funky, but it is still clearly a specimen strike.
Looking back, the Cook auction (along with Cornerstone a few months earlier) really got me over the top on my one cent specimen collection. Both Cook and Cornerstone were instrumental in helping me finish my specimen book.
|
|
Pillar of the Community
Canada
857 Posts |
Quote:
.The seventh coin was an 1884 specimen cent that Mr. Cook cleaned the heck out of. He paid $56K US for it in 2014, uncleaned. I paid $6,600 US for it, now cleaned, in 2019. It is the only 1884 specimen cent in private hands. The color is now pretty funky, but it is still clearly a specimen strike.
You own that!? Cleaned or not that is impressive. |
|
Pillar of the Community
Canada
851 Posts |
Yea, I think the black is whats left over after corrosion has been cleaned off the coin.
It'd be a great coin for a lower price.
|
|
Pillar of the Community
Canada
1081 Posts |
The more I look the weirder this gets. It's a scarce coin for sure - 40,000 were minted that year. And, according to the POP reports at PCGS this guy is among the top 7 mint state BN versions of this coin that they have minted. Even weirder - unless I'm mistaken, this is actually the coin that they're using as their centrefold for the 1885 MS-63BN. I find that almost impossible to believe.  |
|
Pillar of the Community
Canada
1081 Posts |
....that they have rated....not minted!
|
|
Moderator
Canada
10458 Posts |
That is a very, very tough year to find in mint state condition. Mine is AU-58 and that was not cheap (from Hugh Powell). This one, even with the pedigree, will eventually find a home...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
|
|
Pillar of the Community
Canada
857 Posts |
Is this a case of the pedigree effecting the assigned grade, or what? I know a lot of copper coins that would grade AU-58 up north can grade much higher at US TPGs, but this is just ludicrous, not to mention the staining/corrosion or whatever that spot is not being noted?! Quote:
.The more I look the weirder this gets. It's a scarce coin for sure - 40,000 were minted that year. And, according to the POP reports at PCGS this guy is among the top 7 mint state BN versions of this coin that they have minted. Even weirder - unless I'm mistaken, this is actually the coin that they're using as their centrefold for the 1885 MS-63BN. I find that almost impossible to believe.  is this a case of the pedigree effecting the assigned grade, or do you |
|
Page 2 of 2
|
Replies: 17 / Views: 3,704 |
Page 2 of 2
|
First Page
Posted 06/13/2020 2:33 pm
