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 Replies: 32 / Views: 4,442 |
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Valued Member
Australia
119 Posts |
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Pillar of the Community
Australia
4411 Posts |
That one on ebay is a proof coin. |
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Pillar of the Community
Australia
7096 Posts |
It my be a proof coin but only MS62, a gem UNC one of these can be had for about 3 grand according to my rennics guide. Not my favorite Aussie design coin and I would certainaly not part with 14 grand for this. It HAS to be a proof coin because NGC graded it as such  To me it looks like a standard UNC Melborne florin, But what would I know I'm only a dumb Aussie  Edited by trout1105
05/18/2012 9:29 pm
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Bedrock of the Community
Australia
21788 Posts |
Proofs don't always have the best strike.
At an auction view day, I had the opportunity to closely examine a '27 proof PH, and a choice Unc '27 PH alongside each other.
The steps in front of the building were obviously more clearly defined on the Unc coin.
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Valued Member
Australia
312 Posts |
no way to pay that price. upcoming Roxbury auction (they already over charge for their coins), Lot 338 Ch UNC + Foys Bag VF starts with $600
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Valued Member
 Australia
119 Posts |
Trout, that was my point exactly. According to Macca's 2011 is still around 7.5k if you give it GEM. I put it up since I'm still new Aussie grading and coins to see if I was missing something.
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Pillar of the Community
Australia
4411 Posts |
PF-62.
Which if I'm correct means proof like. Maccas lists two types of proof like coins for this type. I doubt NGC would .... up so bad as putting a normal strike coin in a proof slab.
Either way the price is way off!
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Valued Member
Australia
119 Posts |
Enworb,
So then where would it fall in Macca's? Specimen? Can't be right?
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Pillar of the Community
Australia
7096 Posts |
To my limited understanding PL is proof like and PF is proof. Pl maybe but PF |
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Valued Member
Australia
119 Posts |
There is no nipple on the left breast of the rider. So not specimen. That only leaves proof like which is "Recent research has revealed that the Centenary Florin was not produced as a PROOF issue. H. owever, it appears that dies were prepared for a PROOF striking, but the manufacturing process required for the purpose was never implemented".
So we have NGC giving out a full proof designation when that is not correct OR this an actually proof that does not exist.
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Pillar of the Community
Australia
4411 Posts |
I have the 2012 and it has a write up about the "proof like" strikes. Maybe the 2011 does as well?
I didn't want to copy from him word for word but it basically goes along the lines of:
Two proof dies were produced but were not used in the correct manor to produce a proof strike. They were just used like normal dies. They can be distinguished by mirror like fields rather than cartwheeling lustre. Proof like coins have been found in grades as low as VF and the pricing of the proof likes strikes in lower grades is much the same as the normal strike.
I don't follow auctions enough to know what they go for but looking at the catalogue $14 grand seems a stupid price to be asking.
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Pillar of the Community
Australia
4411 Posts |
Trout is right I misread the NGC website. Looks like they may be designating them proofs even though they may not technically be them.
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Valued Member
Australia
119 Posts |
Enworb, yeah I had to look it up. I was pulling from my memory that 7.5k was the highest listed. I'm more concerned about NGC designation as a PROOF even though the manufacturing process does not fully equate to a PROOF. Interesting.
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Pillar of the Community
Australia
4411 Posts |
Maybe the seller is doubling the maccas price rather than halving like most people.
Should be PL not PF.
Edited by enworb
05/18/2012 10:01 pm
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Pillar of the Community
Australia
7096 Posts |
It looks like this coin has a beveled rim and not a flat wire rim.
There are 2 identified proof-like dies and these both had the flat wire rims.
It may be a trick of light but the rims on this coin look bevelled to me
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Pillar of the Community
Australia
762 Posts |
Quote:
I'm more concerned about NGC designation as a PROOF even though the manufacturing process does not fully equate to a PROOF. I guess they would argue that PR-62 is the equivalent of "proof like". However I am more inclined to believe that NGC have simply found that a proof die was used and assumed that it must therefore be a proof coin. Lets face it, third party graders based in the US arn't going to be that interested in historical peculiarities of Australian coins. As for the price being asked. Well a seller can ask for any price they please, and all it takes is one sucker to believe that they have stumbled across the only proof centenary florin in existence. My experience is that slabbed coins are way overpriced, mostly due to either deliberate or accidental confusion between the US and Australian grading systems. I think that it is time that Rennicks and Maccas price guides have both the Sheldon and ANDA grading systems. |
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Replies: 32 / Views: 4,442 |
Posted 05/18/2012 9:22 pm
