A Warning About This 1946 Dollar

My initial thought too.

If you 'had to get your money out' of a coin you were selling to someone on this chat forum, would you be upfront and honest or act like you did at the Polish coin show?

I'm left wondering about that one?

Back to the coin though.

Yes, ICCS net grades.

Perhaps it's an ms63 or 64 with very light hairlines.

Perhaps it isn't cleaned at all and it's just an ms62.

Who knows?

We shouldn't be too hard on the poster. 120$ for a nicely toned fully detailed graded ms 62 1946 isn't terrible at all, I personally like the coin, in hand the color is probably pretty nice, also the buyer saw it in hand. I think the poster just stuck his foot in his mouth. I imagine he meant, "I really didn't like the coin but someone else did, which blows my mind, so in case anyone on the board is watching the auction, I think it might have been cleaned" and that's fine. Maybe the darned thing isn't even cleaned. One man's trash comes to mind. I have coins that I show friends that I don't overly like out of personal preference, though they love them and want to trade, go figure.

I'm having problems understanding ICCS grading. It would seem with some coins, like this that have appealing qualities like the really nice toning, they grade higher? While at the same time on other coins that have problems not associated with circulation, die burn, chattered planchets previous to being struck, can sometimes grade higher as well? I don't get it. Oh well. I don't think this should be viewed as being overly representative of the poster's character, he just didn't like it and/or doesn't agree with the grade, and probably wishes he didn't make the post in the first place.

Yeah I think you make a valid point Alan. On a forum often our words don't accurately project what we mean to say. I think thedollarman's clear intent was to forewarn prospective buyers reading this forum but his good will effort got lost amongst the details.

However this thread also opens the door to a good question --- what would any of us do if we bought an ICCS graded coin that we beleived to be substandard? Has anybody ever returned a coin to ICCS because they felt it had been graded to high? Considering the company doesn't appear to have a guarantee on their grading service, then what?

I also can't help but mention that I often notice comments on this forum about coins being resubmitted on the chance of a higher grade. So to that other extreme, what of that seller who determined the price of the sale based on the original lower grade? Would that buyer show good integrity toward the seller by informing them their coin might be worth more money? I somehow doubt that. Is there a difference or does the dog-eat-dog world generally prevail?

Wildflower, I think people buy what they like. The interesting thing is the buyer at the coin show maybe cherry picked a coin from a kid- a ms62 sold for 215 on ebay.

the nature of a seller is not to talk negatively about the unit being sold, though it's in the buyer's nature to scrutinize, and the price difference is rightfully always in favour of the one that is being approached, be it the buyer or seller.

for whatever reason, could be a ding mark, belief that it may have been cleaned, coin collectors focus in on one tiny thing and can't get it out of their heads, and it doesn't fit in their collection and off it goes.

I don't think the collector sellers out there that send back for regrades or cross grades without telling a later buyer about the lower grades and grading history are unscrupulous.

I think there's some sort of lesson here, though I m not sure what. Regardless, there is no harm in someone buying the coin for 120$ from what I see, it's a nice coin, but that's me I like toned coins. First thing I'd do is cut it out. One man's trash is another's treasure.

I've met dollarman and he is an honest enthusiastic, yet young, collector. I agree with others who say that his choice of words just wasn't quite appropriate but I don't see how he misled or cheated anyone. He had a coin that said 62 that he thought wasn't right(too high) and lacked proper "remarks" on the holder. The person who he sold it to bought the holder, not the coin.... a terrible habit that happens all to often to those who buy certified coins. The buyer had every opportunity to see the scratch, uneven toning, and possible cleaning, yet ignored it and bought the piece of plastic that says MS-62. Now that dollarman has talked to a few folks on here and knows them via the site, he didn't want anyone to get the dirty end of the stick somewhere down the road. Good for you, dollarman, for warning fellow members out there.

Dollarman , it is all a learning experience. You are ok by me. Young collectors are the future of the hobby and are to be encouraged , not discouraged.

with Pacifcoin!

Life's a learning journey and owing to your cyber-lashing and as a younger collector, consider that you've been given a good opportunity to see other points of view!

I'm still curious why it was graded MS62 by ICCS if it was that bad, or as others have mentioned, was it an accurate net grade?