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Ike Dollar Counterstamped With Reagan Inauguration

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nickelsearcher's Avatar
United States
15559 Posts
 Posted Yesterday   06:14 am Show Profile   Bookmark this topic Add nickelsearcher to your friends list Get a Link to this Message Number of Subscribers
I know we've discussed these before, but how does this counterstamped coin obtain a straight MS68 grade?

To me the application of the large counterstamp automatically makes this a Details coin, regardless of how tasteful or even valuable the counterstamp may be.

https://www.greatcollections.com/Co...ar-ICG-MS-68

BTW - any interest jbuck? It's currently priced at 1 Ike.
Take a look at my other hobby ... http://www.jk-dk.art
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HondoB's Avatar
United States
25685 Posts
 Posted Yesterday   08:21 am  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
nickelsearcher, I agree. This is yet another example of TPG inconsistency. If a coin has marks applied outside of the mint it deserves a details grade.
There were quite a few discussions about such coins back when the privy-marked American Silver Eagles were released. I remember that a certain TV coin huckster began peddling ASEs marked with his flavor of counterstamp. He called it a privy and convinced one of the TPGs to assign them MS-70 grades in special slabs.
TPGs are only in it for the money.
Inordinately fascinated by bits of metal with strange markings and figures
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jbuck's Avatar
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190071 Posts
 Posted Yesterday   08:52 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I would not call is MS68 because it is not mint state.

I would not call it Details because that would be insulting to counter stamp collectors.

I believe they should have left the label ungraded like they do for other specialty items.

Either way, I am tempted to bid.

Thank you for sharing the like, NS.
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srs77's Avatar
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 Posted Yesterday   09:01 am  Show Profile   Bookmark this reply Add srs77 to your friends list Get a Link to this Reply
Interesting coin.
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Errers and Varietys's Avatar
United States
75184 Posts
 Posted Yesterday   11:34 am  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
I agree with you, nickelsearcher. It shouldn't straight grade with that counterstamp.
Errers and Varietys.
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United States
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 Posted Yesterday   3:28 pm  Show Profile   Bookmark this reply Add I6609 to your friends list Get a Link to this Reply
You can see the indent on the obverse side created by the strike to the reverse. Personally part of it is who is grading the coin.
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United States
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 Posted Yesterday   3:39 pm  Show Profile   Bookmark this reply Add Mkirch to your friends list Get a Link to this Reply
Meh. Modern counterstamps just don't appeal to me. Even if they are of this type. I can't help but see them as PMD.
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ratman4762's Avatar
United States
2523 Posts
 Posted Yesterday   11:03 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
Mel Wacks counterstamps are collectible in their own right. I'm not going to pass judgement on whether they should straight grade or not, but there are a lot of counterstamps both older and newer out there that are graded. If they are slabbed in such a way that says that they are grading the counterstamp and the coin that it's stamped on is more or less just the planchet.....I don't have a problem with it.
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