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Replies: 25 / Views: 3,071 |
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Bedrock of the Community
United States
10045 Posts |
$750?  This coin is so ravaged that it's not worth more than a F12 price. 
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Pillar of the Community
United States
3755 Posts |
Perhaps I am missing something here, but I do not see how this coin could be called "ravaged". It likely was dipped at some point, this I can go with. But ravaged? What makes this coin so abused? Tell me just what you are seeing that causes you to say that.
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Bedrock of the Community
United States
10045 Posts |
I guess "ravaged" is a subjective term, but that's what I call it.  It's a coin that will disappoint a collector. To my eyes, it's more than dipped--some harsh chemical like a polish has been used. I base that on the flat, washed-out fields, the color, and how all those nicks (some large) on Liberty's face are brightly beveled--it tells me that surface metal was removed--just my opinion, but I've looked at a lot of IHCs, and I trust my gut. 
Edited by DVCollector 03/07/2012 10:34 pm
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Pillar of the Community
United States
3755 Posts |
DV, fair enough. To my eye the coin simply looks to have been dipped at some point. But I have been fooled by pics before. But thanks for the explanation. I've been doing this a long time, but I like to find out why someone grades a coin differently than I do. that way I can learn more.
BTW, I want that coin you have for an avatar. I have been looking for an Athena ancient for my wife for a while. One that wont cost me half an arm. LOL
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Bedrock of the Community
United States
10045 Posts |
SR, our reasoning might be different, but it's fair to say we both doubt it's "BU"  I wish the avatar was my coin; mine isn't quite as perfect, but still nice for a fraction of the price. I picked mine up recently from a seller on vcoins. 
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Valued Member
United States
140 Posts |
I know this was mentioned already, but the diamonds do look funky. The bottom one looks absolutely terrible!
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Pillar of the Community
Canada
1610 Posts |
Nice ancient DV! 
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Bedrock of the Community
United States
10045 Posts |
I suspect the diamonds are normal--sometimes the inner part gets beveled, possibly due to ejection from the die. If the diamonds were tooled, they would probably tool the incomplete one too, which I think is due to wear. Since the auction pics might go away, I have archived the obverse with some observations. I would call this coin EF details, because flattening is evident on the ribbon, brow, and cheek. Normally with an EF coin, surface chatter on the face and fields should have sharp points where metal was moved, because it did not see enough circulation to wear these points down. If you look closely on this coin, even the smallest chatter shows bright, beveled edges (dark arrows), which tells me that metal has been removed. This coin may have been cleaned to remove corrosion, which sill remains in recessed areas around the bust (light arrows). To the right of the feathers, there may be marks created by harsh cleaning with a wire brush. An EF IHC should show some evidence of mint surfaces in protected areas of the fields, but the fields look bright (and flat) everywhere. Just my observations here, but I think one could approximate this look by taking a (cheap) bronze coin like an EF LWC with surface chatter, polishing with an abrasive like Brasso, and leaving alone to re-tone for some time. 
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Pillar of the Community
United States
8521 Posts |
Excellent post DV ! Let's say the guy that bought it put it in his album and it sat in his safe for the next 30/40 years and takes on a more realistic patina.....is it then worth more or will it always just be a cleaned coin and a small percentage of its lost worth ?
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Bedrock of the Community
United States
20753 Posts |
Quote: Excellent post DV ! Let's say the guy that bought it put it in his album and it sat in his safe for the next 30/40 years and takes on a more realistic patina.....is it then worth more or will it always just be a cleaned coin and a small percentage of its lost worth ? I would suspect that in 30/40 years the fact that there was only 309,000 minted will outway any cleaning done. As our population grows, so will the quantity of coin collectors. Even now there are possibly millions of coin collectors so in the future, any coin of that mintage, cleaned or not will be worth a lot more than what that one went for. And many dealers know that so they continue to clean and/or polish and or dip coins. Even now there is always someone that will buy them. Note that this one sold.
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Bedrock of the Community
United States
10045 Posts |
Quote: And many dealers know that so they continue to clean and/or polish and or dip coins. Even now there is always someone that will buy them. Note that this one sold. Sure, this particular coin sold--but under false claims, as this coin was EF at best before the cleaning--imo. Problem-free coins with honest surfaces/color will always have more value--now, or 100 years from now--I think most dealers understand that.  But, the coin is still collectable. It will tone darker over time, but the surfaces will always show damage--this is permanent. 
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Bedrock of the Community
Canada
10743 Posts |
Quote: Excellent post DV ! CCF has some very knowledgeable people, some Lincoln Cent collectors, some Indian head collectors Morgan dollars, etc, it is just great to be able to look at all these posts and help all us collectors out with this information. 
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Bedrock of the Community
United States
10045 Posts |
Quote: He has a beautiful 1857 FE that he just ruined. It's too bad really, he's ruined some nice coins.  Raymo--this seller is a major coin doctor (imo). For "Gem BU", that FE has no cartwheel. A lot of his coins show signs of polishing and re-toning--good examples of what to look for and avoid.
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Pillar of the Community
United States
8521 Posts |
It's so obvious that his coins are cleaned and re-colored, yet he's getting big bids for his stuff. Go figure !
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
 United States
371 Posts |
Great info guys, there is some great people here!
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Replies: 25 / Views: 3,071 |
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