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LWC 1924 D Grade?

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Fayette1800's Avatar
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1094 Posts
 Posted 03/08/2013  12:21 pm  Show Profile   Bookmark this reply Add Fayette1800 to your friends list Get a Link to this Reply
This after soaking in distilled water and pressing a little to hard with toothpick. You can still see some white resedue on there and some dirt? Thoughts. What next?



LWC-1924-D-Grade?
Edited by Fayette1800
03/08/2013 12:23 pm
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IndianGoldEagle's Avatar
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36746 Posts
 Posted 03/08/2013  12:36 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Looks like you've gotten most of the junk off. Best to stop while you are ahead. I'll stay with my grade estimate of EF-40. It has a nice strong strike for a 1924-D. Great coin.
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mdpmedia's Avatar
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 Posted 03/08/2013  1:32 pm  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply
Hi,

How would one tell the difference on a 1924 LHC between an original 'D' mint mark and an altered or added 'D' mint mark?

I am not implying anything by this statement since I honestly do not have the skills to differentiate between the two.

Per the attached retail price guide snipet from Numismedia a $ 90 difference exists between the a 1924 LHC and a 1924-D LHC in XF.

But one could also argue that an altered coin would only be worth one cent bring the diffference up to $ 95.44.

Any helpful case studies or comments addressing this concern would be appreciated.

mdpmedia




LWC-1924-D-Grade?
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BadThad's Avatar
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 Posted 03/09/2013  12:38 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Agree, stop where you're at! It's just fine as it is.
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Fayette1800's Avatar
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1094 Posts
 Posted 02/11/2014  1:02 pm  Show Profile   Bookmark this reply Add Fayette1800 to your friends list Get a Link to this Reply
I sent the 1924D roll find into ANAC for conservation and to get graded. Here is the coin afterwards, they did a great job getting all the junk off the coin. I will post grade later. Feel free to guess again.

LWC-1924-D-Grade?

LWC-1924-D-Grade?
Edited by Fayette1800
02/11/2014 1:17 pm
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SHAFTA9a's Avatar
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 Posted 02/11/2014  4:25 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
Wow.. came out very nice.

EF-40
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BadThad's Avatar
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 Posted 02/11/2014  5:26 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Looks great, easier to see it now.

AU-50/EF-45
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rking007's Avatar
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 Posted 02/11/2014  11:57 pm  Show Profile   Bookmark this reply Add rking007 to your friends list Get a Link to this Reply
Holy cow what a great conservation job! I feel great at AU-50 but I'm betting they XF45'd it. How much was the conservation portion of the service, if you don't mind me asking?

Russ

Edited for spelling
Edited by rking007
02/12/2014 8:40 pm
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yingyang's Avatar
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 Posted 02/12/2014  12:00 am  Show Profile   Bookmark this reply Add yingyang to your friends list Get a Link to this Reply
EF 40
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mdpmedia's Avatar
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 Posted 02/12/2014  01:22 am  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply

Quote:
AU-50/EF-45


The above grade opinion came from BadThad.

My question may deserve to be placed in a separate thread by itself but it actually is a factor in many CCF threads no matter what the subject is.

I have always purchased a coin that had an AU-50/EF-45 grading, for example, as a EF-45 overall graded coin.

The logic I follow is that no coin can be called an AU-50 coin if one side of the coin grades out at an EF-45 etc...

The other day, though, I bought some coins from a guy that insisted on pricing his coins using tiered pricing. This meant that he used AU-50 retail pricing for one side of the coin and EF-45 retail pricing for the other side of the coin.

He then took both prices, added them together, and divided them by two to obtain the sales price.

He was obviously attempting to justify higher sale prices for his coins.

My question to all is if this type of pricing methodology is commonly practiced and accepted by professional organizations dealing with purchase/sales of coins.

I am sure many people do it this way but I am just interested in knowing an average % of people/businesses that use and accept this method as justified.

mdpmedia

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Fayette1800's Avatar
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 Posted 02/12/2014  09:18 am  Show Profile   Bookmark this reply Add Fayette1800 to your friends list Get a Link to this Reply
ANACS will conserve up to 10 coins for a total price of $12.00. I thought it was per coin when I went in to drop them off but it's for up to 10. Great deal and they did an amazing job on Walking Liberty 1/2 that had some spots on it.
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BadThad's Avatar
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 Posted 02/12/2014  10:36 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
The other day, though, I bought some coins from a guy that insisted on pricing his coins using tiered pricing. This meant that he used AU-50 retail pricing for one side of the coin and EF-45 retail pricing for the other side of the coin.

He then took both prices, added them together, and divided them by two to obtain the sales price.


What a load of crapola. Coins only have ONE grade which is determined using both sides. Also, the price spreads going from EF to AU (depending on the coin) can vary greatly.

I would RUN from this guy, he's a scam artist IMO. If he's going to play that game, find an AU 22-D Lincoln with a highly worn reverse die that "grades" G4 - let's see him average that out. What a knucklehead!
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Fayette1800's Avatar
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 Posted 02/12/2014  5:32 pm  Show Profile   Bookmark this reply Add Fayette1800 to your friends list Get a Link to this Reply
Well it truly is amazing the look of this coin. I am glad I didn't ruin it from the beginning. It is hard to believe it was in circulation. I bet someone just dumped their bucket of coins into the coin machine at the bank and I was the lucky one. Not a bad $200-240 coin for a penny. LOL. Thanks again.

LWC-1924-D-Grade?
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rking007's Avatar
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 Posted 02/12/2014  8:39 pm  Show Profile   Bookmark this reply Add rking007 to your friends list Get a Link to this Reply
Woot! What a great find! Congrats!
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ksammut's Avatar
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 Posted 02/12/2014  9:35 pm  Show Profile   Bookmark this reply Add ksammut to your friends list Get a Link to this Reply
Great find, Fayette1800!
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