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 Replies: 68 / Views: 17,192 |
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Pillar of the Community
Canada
5245 Posts |
So does anyone who met the gentleman know why he did it? or if anyone has seen the cleaned coins, how exactly he cleaned them?
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Pillar of the Community
 Canada
5394 Posts |
I will agree that those of us who love coins and the history behind them
realize we are but caretakers for the time we own them and handle them accordingly.
Playing devils advocate here, once you buy tangible goods , wether
It be a million dollar sports car a mansion or a 1911 Dollar Coin
you have the right to enjoy and treat it in any manner you wish . No one
can tell you any different .
That said it is truly a shame that many of the Cook rarities have been effectively
ruined ! Any bets some of this stuff STILL brings stupid money?
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Pillar of the Community
Canada
5324 Posts |
The 11 dollar is a unique coin, you can drill a hole in it and depending on it's reserve price it would sell, but the rest not sure and with the sample of regraded coins getting larger and more collectors seeing them seems to have come to the same conclusion. I also agree you purchase something, it's yours to do as you wish, but coins or things with national heritage are different.
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Moderator
 Canada
10458 Posts |
Quote:
So does anyone who met the gentleman know why he did it? or if anyone has seen the cleaned coins, how exactly he cleaned them? I have met him, several times. And, I can probably answer those questions - but I would prefer to wait until after his entire estate is auctioned off (it will be done over several auctions, as I understand it). If you are seriously considering buying any of the pre_Elizabeth II items, then examine the coins in hand, and make the judgement calls with your own eyes. One thing I will say, at the pub having beers at a Torex show several years ago, I once showed George my 1968 off-centre nickel dollar (PL strike) error, graded PCGS PL-67 that I had with me - and he called my coin "defective" and "garbage". Just a little insight into the mindset of the collector, who owned Canada's rarest coins...   "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
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Valued Member
Canada
221 Posts |
Quote:
One thing I will say, at the pub having beers at a Torex show several years ago, I once showed George my 1968 off-centre nickel dollar (PL strike) error, graded PCGS PL-67 that I had with me - and he called my coin "defective" and "garbage". Just a little insight into the mindset of the collector, who owned Canada's rarest coins... This is the kind of garbage that I would like to have in my collection.  Otherwise, I tend to believe that just because a person has a collection of more than a million dollars does not necessarily mean that he or she knows about it. Money is no substitute for knowledge. I'm sorry if my English isn't perfect... I'm learning a little more every day.
Edited by ainsivalavie
06/07/2019 3:07 pm
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Pillar of the Community
Canada
5324 Posts |
The 1911 dollar by itself was purchased for around or close to a million bucks, Heritage VP mention that they expect the whole 900 or so collection to bring in 3 to 5 million, I am sure he knew what he was doing, just a very different mind process on how to treat some coins
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Valued Member
United States
309 Posts |
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Pillar of the Community
Canada
5245 Posts |
@SPP, in a sense your dollar IS defective-it is a mistake made at the mint. It is certainly not garbage, though, but in my mind a very interesting curiosity.
Edited by oriole
06/08/2019 05:17 am
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Valued Member
Canada
50 Posts |
"So does anyone who met the gentleman know why he did it? or if anyone has seen the cleaned coins, how exactly he cleaned them?"
First off Heritage underestimated the extent of damage to this collection apparently giving me their preliminary assessment before PCGS had regraded the coins.
Out of 547 lots approximately 100 coins are designated cleaned/no grade comprising almost 20% of the coins.
I was told by a dealer who I have known since childhood that George told him he used VIM a common bathroom cleaner to clean the coins. This substance does not get rid of the toning on coins but does make parts of them shiny. According to this dealer George also told him that he used VIM to clean the 1911 Dollar.
That would explain to me why the toning looks the same but suddenly various distractions in the Obverse field are more highlighted causing the coin to be downgraded to Specimen 64. Because the toning patterns are the same PCGS did not designate the coin cleaned but likely they assumed George had mishandled the coin.
George had a reputation for being very arrogant and certainly demonstrated his ignorance of numismatics with the comment of referring to a very desirable off center mint error as "garbage". Off Center mint errors on higher denominations are especially desirable.
I had a very unpleasant encounter with this man when he was worried that I would try to reacquire the 1936 dot cent at the 2010 Canadiana sale at Heritage Auctions.
I now regret that I did not acquire it as it too was downgraded by PCGS where they simply assumed that the Lacquer had been removed.
Edited by Sid Belzberg
06/08/2019 10:33 am
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Pillar of the Community
Canada
1463 Posts |
this thread is so interesting. frustrating to learn someone would carry on in such a way vim bathroom cleaner Geesh!
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Pillar of the Community
Canada
1442 Posts |
Good God...VIM...I have no words  |
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Valued Member
Canada
194 Posts |
sad for these wonderful canadiana coin!
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Moderator
Canada
10458 Posts |
"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
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Pillar of the Community
Canada
1223 Posts |
I'm guessing PCGS doesn't recognize a specimen for 1884 yet or is there another reason for it not to be included in Rob's complete specimen set.
Was the original designation by NGC correct?
Cheers, Bill
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Pillar of the Community
Canada
1984 Posts |
SPP that juxtaposition of photographs is pretty stunning. They don't look like the same coin at all.
It will also be interesting to see the juxtaposition of the selling prices. I am going to guess that the price goes down by well over 50%....maybe 90%?. I wonder if PCGS would have even been able to positively identify this as a specimen if they did not know its provenance?
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Replies: 68 / Views: 17,192 |
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Posted 06/07/2019 07:01 am
