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 Replies: 40 / Views: 7,596 |
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CCF Advertiser
United States
1533 Posts |
I guess the NGC guarantee does not hold for coins that darken in the slabs. I find it a bit hard to believe that the coin has been gassed in a slab due to it being in proximity with rubber bands as that would cease once it was removed from that environment. It is far more likely it was dipped and improperly rinsed as biokemist explained.
There is a story out there, somewhere, of a high grade proof red lincoln, POP 1 with none higher that started developing spots in the PCGS holder. It traded for $20K or so several times as people were chasing registry points, but became a joke amongst dealers as out of the holder it would be worth $10. PCGS eventually bought the coin to end the embarrassment.
Edited by Andrew99
01/28/2017 09:04 am
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Pillar of the Community
United States
1499 Posts |
Quote:
There is a story out there, somewhere, of a high grade proof red lincoln, POP 1 with none higher that started developing spots in the PCGS holder. It traded for $20K or so several times as people were chasing registry points, but became a joke amongst dealers as out of the holder it would be worth $10. PCGS eventually bought the coin to end the embarrassment. Actually that coin was a 1963 Lincoln Cent that was graded PR-70 DCAM. The coin sold in a couple of Winter FUN auctions for more than $40,000. It was the "POP 1" coin quite a trophy piece for the registry collectors. PCGS did eventually buy in the piece because it had spotted and was obviously no longer a PR-70 grade coin. |
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Valued Member
 United States
280 Posts |
Would NGC buy back my 1837 Half Dime since it no longer deserves the grade on the holder? |
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Pillar of the Community
United States
1499 Posts |
Quote:Would NGC buy back my 1837 Half Dime since it no longer deserves the grade on the holder? Only NGC can answer that question. |
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Valued Member
United States
280 Posts |
One good thing about collecting old gold, is toning and cleaning and improper dipping are rarely an issue.
And you can usually buy nice looking certified old gold without paying a big premium over melt.
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Pillar of the Community
United States
1499 Posts |
Quote:
One good thing about collecting old gold, is toning and cleaning and improper dipping are rarely an issue.
And you can usually buy nice looking certified old gold without paying a big premium over melt. Cleaning and dipping are very big issues with old gold. Gold can get a details grade from improper cleaning just like copper, nickel and silver. In fact the situation can be worse because the metal is so soft. NGC bounced back this 1911-D quarter eagle back at me in a body bag years ago because the area behind the eagle's tail on the reverse. They called it "improper cleaning." I saw it when I bought the piece in the 1980s and thought nothing of it because the coin was in AU condition. I thought that rejecting this coin was a load of bull for that, but they did it.   Beyond that, even the coins that the third party graders grade, get negative reactions from a lot of collectors these days. The term "white gold" refers to pieces that have been dipped to remove the coppery toning form them. Such coins get bad press from some collectors. This 1842-C half eagle is one of my purchasing mistakes. PCGS gave it a straight AU-58 grade, but I've come to dislike this piece. I bought it to fill a hole in my Charlotte gold type set. Nice Charlotte gold coins are much harder to find that nice Dahlonega pieces. I've learned that as a collector. This piece has been stripped of its original surfaces. Despite that fact that it has been straight graded by PCGS, I'll still probably take a bath on it when I sell it.   Dipping and cleaning are huge issues with pre 1933 gold. |
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Valued Member
United States
280 Posts |
Are either of these, what you'd call "white gold"?  |
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Pillar of the Community
United States
1499 Posts |
It's hard to tell if a coin is "white gold" from a photograph unless you have seen the piece in person. I don't have any of what I would call "white gold" in my collection, but I've seen some pieces that were pretty obvious "white gold" in auctions on the Web. If I run into one I'll see about posting it here.
I don't think that the two coins you posted are "white gold." The NGC graded piece looks to be a nice AU and the other appears to be a nice original Mint State piece.
Gold can naturally come with a lighter color if there is more than the usual (sometimes illegal) amount of silver in the coin. Silver and gold are found together, and Nitric or Sulfuric Acid is used to separate them. Sometimes the Charlotte and Dahlonega Mints ran short of acid or they didn't do a great job of getting the silver out of their coin bullion. Every once and a while the head office in Philadelphia would call them on it. That's why C and D Mint coins can have a lighter than usual color now and then, but to the experienced eye it's not the same as a piece that has been dipped.
Edited by billjones
01/29/2017 10:29 am
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Valued Member
United States
280 Posts |
Here's how the coin looks now   |
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Pillar of the Community
United States
1609 Posts |
Well, I call it pretty now! The reverse is a beaut!
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Bedrock of the Community
13014 Posts |
Quote:
Here's how the coin looks now If that's accurate if you really don't like it just sell it you'll be pleased with the result and someone who enjoys toned coins will get to enjoy it. What style NGC holder is it in, some of the old ones did create toning over the years |
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Valued Member
United States
280 Posts |
Probably "NGC 5"
No Line
Wide blue hologram with contrasting accents
1992-1995?
Edited by Scarp9603
05/18/2017 11:10 pm
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Bedrock of the Community
13014 Posts |
Some sort of no line fatty was the first thing that came to mind for me when I saw the first pic
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Valued Member
United States
280 Posts |
Here's how it looks today:   |
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Valued Member
United States
280 Posts |
And here's how it looks today:   Edited by Scarp9603
07/14/2018 2:17 pm
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Replies: 40 / Views: 7,596 |
First Page
Posted 01/28/2017 2:40 pm
