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 Replies: 50 / Views: 2,236 |
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Pillar of the Community
United States
8813 Posts |
Quote:
You could call it the unique "Turd Over Rays" variety and mark it up 3x for its extreme rarity. Marketing! The turd I am referring to being the CAC sticker.
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Pillar of the Community
United States
3727 Posts |
This is a PCGS holder from 1989, but the surprising thing is the CAC sticker, which means it must have looked good for 20 years before developing ugly toning and stains after 2007. |
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Pillar of the Community
United States
8813 Posts |
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Pillar of the Community
United States
2102 Posts |
I am sure you can buy a CAC sticker from eBay and slap it on a slab.
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Pillar of the Community
United States
4042 Posts |
A bit surprised, I assumed I was a bit conservative at PR64, but anything over a 65 seems high, let alone a CAC. Pretty obvious the ED happened post slabbing. I'm also wondering how you wound up with this, uhhh, interesting example  |
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Pillar of the Community
United States
637 Posts |
It does appear on the CAC register.
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Pillar of the Community
United States
6376 Posts |
66 did not surprise me at all . that's why I picked it! My guess it was a victim of Katrina.
The coin needs to come out of that holder and head to conservation. Time is your enemy in a situation like this and time is not on your side.
P66 and a CAC sticker means diddly squat on this coin. If you bought the coin at PF60 money you should be fine. Getting it conserved and back into a holder at 63 would be a win . for the coin and for you!
One thing I can guarantee is the coin is suffering a slow death in its current home.
Good luck with whatever you decide to do with it! Thanks for sharing!
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Bedrock of the Community
United States
67868 Posts |
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Pillar of the Community
United States
637 Posts |
Western has it mostly right. The coin was apparently involved in a fire. I probably overpaid for it at $210. I haven't decided yet whether to send to PCGS or NGC. I'd say it is hit or miss that it's salvageable. Edited by pristine2
12/03/2021 6:46 pm
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Pillar of the Community
United States
1538 Posts |
I would say you didn't overpay for this coin, but there is a lot of risk for not much profit. You have the potential for making money, if the conservation is good and it straight grades. If the coin ends up getting a details grade, you may break even. Very cool pickup, and thanks for sharing!
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Pillar of the Community
United States
8797 Posts |
I called it! Did the spotting on the coin grow after you got it?
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1982, Early American Coppers Member (EAC) #6202, Colonial Coin Collectors Club (C4), Conder Token Collector Club (CTCC), & Numismatic Bibliomania Society (NBS) Member, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
637 Posts |
I've only had the coin for a few days ...
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Pillar of the Community
United States
5009 Posts |
I purchased an NGC coin that had ED, I couldn't tell via the pictures and as I wanted to check whether NGC honors there guarantee I submitted it to NGC for a grade review and they ended up "conserved" it for the the grade review cost, I think this is a good candidate to check out the PCGS guarantee. Just saying. Edited by hfjacinto
12/03/2021 9:50 pm
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Moderator
United States
112406 Posts |
Interesting.  |
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Pillar of the Community
United States
8813 Posts |
After conservation, doesn't the coin end up in a conserved holder, i.e. the NCS holder in the case of NGC? That would make the coin less valuable for resale imo. I think what most people/dealers would do is try to determine whether the ugly is on the surface or whether it has penetrated the surface. If surface deep, then a dip in a chemical bath done very carefully should restore the coin from the unsightly stains. Then resubmit and hope that you didn't ruin the coin in a way that an expert grader at the TPG would notice. If it has eaten through the metal you will probably have to find that elusive buyer who loves this particular toning scheme due to some huge trauma they experienced early on in their life. Edited by numismatic student
12/03/2021 11:20 pm
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Replies: 50 / Views: 2,236 |
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Posted 12/03/2021 4:47 pm
