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1786 Connecticut Copper Miller 5.7-H.1. Submitted To PCGS

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Pillar of the Community
United States
1757 Posts
 Posted 03/27/2014  2:53 pm  Show Profile   Bookmark this reply Add colonialjohn to your friends list
Rather than write a short novel ... YES.

Other factors ... only use PCGS/NGC to RAISE the grade ...

A top NYC Auction house OWNER ... once said to me ... Yes ... John ... you can never fool a C4 member with over - cataloging - well in most cases <VVBG> today as there is alot more DUMB money in this arena than 10 years ago - let alone 20 or 30.

It should have been droped RAW into the November C4 Sale at Stacks/Bowers due to heavy porosity ... now you have TWO negatives ... an over-inflated TPG grade which almost always happens like the current Newman material at Heritage and what you indicated in your last post ... TWO STRIKES ... next detector find you will know better ... JUST MO. <VVBG>.

JPL
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United States
191 Posts
 Posted 03/27/2014  2:59 pm  Show Profile   Bookmark this reply Add angellionel to your friends list
Good to know JPL! It's my first and only submission to a grading company, and although happy with the results, I'm always open to learning and understanding the when's and why's of submitting coins. Thanks for taking the time to explain.

Now you have me thinking about two other coins I have been considering sending in, Draped Bust large cents, a 1802 S-233, and a 1803 S-261, both scarce varieties, also found while metal detecting. They held up well too, even with the environmental damage they sustained.
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 Posted 03/27/2014  3:03 pm  Show Profile   Bookmark this reply Add colonialjohn to your friends list
If porous ... submit to the auction house raw ... remember Heritage slabs all the material ... not pro-Stacks ... Federal today is better at heritage. Choose your pathways WISELY ... Heritage or Stacks ... or whatever ... never slab porous ... its a losing battle.

JPL
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United States
191 Posts
 Posted 03/27/2014  3:18 pm  Show Profile   Bookmark this reply Add angellionel to your friends list
I do have an account with Heritage. What finally prompted me to submit the coin for grading and slabbing was the dismissive reply I received from one of theirs on an inquiry about selling the coin. The individual simply replied "The coins are worth $60 to $100 in this condition". Nothing more was said. But I do hear you and will keep it in mind. Thanks!

I'll attach photos of the Draped busts in another post.
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United States
324 Posts
 Posted 03/29/2014  9:54 pm  Show Profile   Bookmark this reply Add BluegrassRiver to your friends list
You are finding some great old material with your detector! What detector do you use? Where did you find them? LIke by a park, old home, school, etc ?
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191 Posts
 Posted 03/29/2014  10:06 pm  Show Profile   Bookmark this reply Add angellionel to your friends list

Quote:
You are finding some great old material with your detector! What detector do you use? Where did you find them? LIke by a park, old home, school, etc ?


Currently I use the E-Trac, but I have used many others over the years. The Connecticut copper I picked up while using the DFX back in 2005. I detect at old parks and similar sites.
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 Posted 03/30/2014  7:59 pm  Show Profile   Bookmark this reply Add RecedingHairlines to your friends list
I can't believe someone scolded you for sending that coin in for slabbing. The PCGS details slab makes it worth more, not less. There are a lot of fakes out there. Now the entire world knows yours isn't one of them. Oh dear, you spent 50 bucks. (I think that's what PCGS charges for coppers). I hope you can afford it and mom still has money for chemo. By the way, that isn't a good metal detecting find, it's a spectacular one.
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 Posted 03/30/2014  9:49 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
I have several Colonials and post Colonials in slabs. Everybody has their own opinion. It's fairly easy to tell it has corrosion from being in the ground. Your not going to fool me so, it is what it is, with C4 or not.

I do not agree with PCGS's details grade. TPG's need to learn the in's and out's of grading Colonials.
swcoin.ecrater.com
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United States
191 Posts
 Posted 03/31/2014  09:58 am  Show Profile   Bookmark this reply Add angellionel to your friends list

Quote:
I can't believe someone scolded you for sending that coin in for slabbing. The PCGS details slab makes it worth more, not less. There are a lot of fakes out there. Now the entire world knows yours isn't one of them. Oh dear, you spent 50 bucks. (I think that's what PCGS charges for coppers). I hope you can afford it and mom still has money for chemo. By the way, that isn't a good metal detecting find, it's a spectacular one.


Oh, that wasn't a scolding. ;) An opinion, that's all. The coin is what it is, a dug coin, but one that held well and still - fortunately - has value. I am pleased that it has been listed as genuine. I do plan to part with it at some point. The early and later large cents are what have my attention now. Thanks for your input! I do appreciate it.


Quote:
I do not agree with PCGS's details grade. TPG's need to learn the in's and out's of grading Colonials.


You mean that it should not have been listed as detail grade or that the grading should be lower/higher? Your input would definitely be helpful. I thought the coin could grade AU, but factoring in that it is a dug coin and environmental damage is evident, I felt XF is probably right. Still, I have seen others of the variety in worse shape and with evidence of environmental damage that were graded and slabbed by PCGS without the detail listing. Thanks for the comment!
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 Posted 04/04/2014  08:39 am  Show Profile   Bookmark this reply Add angellionel to your friends list
My Connecticut Copper is back from PCGS. I'm glad to have it slabbed even if with detail 'grade'. In any case, it's safer where it is now.

1786-Connecticut-Copper-Miller-5.7-H.1.-Submitted-To-PCGS

1786-Connecticut-Copper-Miller-5.7-H.1.-Submitted-To-PCGS
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 Posted 04/04/2014  09:17 am  Show Profile   Bookmark this reply Add Darth Morgan to your friends list
It belongs in this slab. It deserves it. Yes, I too think it is worth more after authentication. Can't we all just enjoy the hobby instead of constantly thinking how one might make the most bucks out of it? Don't get me wrong. There's nothing wrong with wanting to get the most money out of a coin, but to say that getting a coin authenticated was a BIG mistake in terms of potential sales just boggles my mind. Don't get it.
Edited by Darth Morgan
04/04/2014 09:19 am
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 Posted 04/05/2014  12:01 am  Show Profile   Bookmark this reply Add solotime to your friends list
Nice find!
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 Posted 04/05/2014  12:18 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
Higher. It's an AU details coin with corrosion. Not an XF details coin with corrosion.

My opinion of course ;)

swcoin.ecrater.com
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7375 Posts
 Posted 04/05/2014  01:20 am  Show Profile   Bookmark this reply Add edweather to your friends list
Let me ask a silly question. "If" one isn't happy with the PCGS grade, couldn't it be removed from the slab, and sold raw, and guaranteed to be genuine? Not sure if that would bring more or less at an auction, but at least people could judge for themselves.
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 Posted 04/05/2014  08:17 am  Show Profile   Bookmark this reply Add philadelphian to your friends list
That would require trust. Trust is to the TPG system as sunlight is to vampires. Make no mistake; the purpose of a slab is not to "protect" a coin. It is a means of fusing a grade "certification" to a coin in a tamper-evident manner. Now it can be marketed as a commodity unit, bought and sold as 1786Connct/MailedBustLeft/XFDetails, instead of a unique thing of beauty. It can be traded in bulk by speculators who don't even feel the need to see the coin itself.
Of course, the slab can be removed by anyone who finds slabs to be a hideous abomination. But that's the real evil beauty of the system; as long as there's no human trust, that TPG grade becomes null and void, with fear of the evaporation of any "resale premium" the system places on it. To get this "certification" back, one must pay again; rejection of the TPG system has now doubled its profit.
Edited by philadelphian
04/05/2014 08:19 am
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