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I See Au@best, PCGS Says MS-65? Buy The Coin Not The Holder!

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Pillar of the Community
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 Posted 09/02/2007  5:57 pm  Show Profile   Bookmark this reply Add Dewayne76 to your friends list
Definitely not eye candy.
Pillar of the Community
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 Posted 09/02/2007  6:11 pm  Show Profile   Bookmark this reply Add Becky to your friends list
quote:
Definitely not eye candy.


Very true.....
Pillar of the Community
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4589 Posts
 Posted 09/02/2007  7:45 pm  Show Profile   Bookmark this reply Add scoutjim99 to your friends list
The finger print theory is right on the money, so is the weak strike , MS-65 no way. To my understanding a weak strike on other coins would not ever allow you to receive a MS-65 grade . Unc maybe not MS-65. Like everyone else this is just my opinion.
Edited by scoutjim99
09/03/2007 02:03 am
Bedrock of the Community
United States
14454 Posts
 Posted 09/02/2007  9:21 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
scoutjim99, that is exactly my understanding, that a weak strike (especially one as weak as that one would have had to be) could never be slabbed as GEM (MS-65)
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5877 Posts
 Posted 09/03/2007  2:04 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list
In my opinion, this is not even an uncirculated coin. I am not accusing anyone, but my initial feeling would be that this holder has been tampered with and the coin replaced with an inferior one. Even if there was some weakness in strike, I do not believe that can account for all of the issues with this coin. The obverse toning pattern indicates an ancient cleaning. The fingerprints on this coin are atrocious. For an MS65 coin, I believe these would have been detected under magnification even without the toning.

I personally find this coin very suspect.
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 Posted 09/03/2007  2:45 pm  Show Profile   Bookmark this reply Add tights24 to your friends list
I find it hard to believe Heritage would even think of posting/selling/consigning a coin with this many questionable detriments, even with their detailed photography to show folks what this coin entails... I would understand if it was a raw coin, but if this coin really isn't a MS65 coin, when is their reputation at stake?
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United States
17884 Posts
 Posted 09/04/2007  5:16 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
Yes you can have weak strikes in MS-65 I believe. I don't believe they will grade than 65 with a weak strike though (at least not officialy)

quote:
I find it hard to believe Heritage would even think of posting/selling/consigning a coin with this many questionable detriments, even with their detailed photography to show folks what this coin entails... I would understand if it was a raw coin, but if this coin really isn't a MS65 coin, when is their reputation at stake?

Whose reputation? Heritage's? Heritage makes NO claims as to the grade on this coin. They just quote the PCGS opinion. If there are errors it is PCGS's opinion and reputation not Heritage's. The auction houses love the grading services. They no longer have to go out on a limb and state an opinion on a coins grade and possibly be taken to task by the consignors or the buyers. Just point at the TPG. No chance of calling a coin one thing in one auction and then something else when you handle it again years later and being asked to explain why the inconsistancy. Now you just point to the TPG. Put a clause in your TOS that certified are not returnable because of opinions on grading. Take it up with the TPG. (Read the TOS, these clauses DO exist.)

Anyway this coin is in their Tuesday Internet Only auction and they are known for having coins in them that because of, not problems but let's say "difficulties", they are not suitable for their top line sales.
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 Posted 09/04/2007  5:32 pm  Show Profile   Bookmark this reply Add scoutjim99 to your friends list
Sure okay it does not have to be a first strike so to speak, but that strike no way. Especially the kind of money they are asking. If the TPG's can guarantee that the coin in mention is ms-65 Then I bet I have an MS-68DMPL + for My whole average of the Morgan silver dollars LOL. Therefore I will soon be a millionaire. LOL

But I do agree that the TPG's reputation is mostly the one at stake. To me its kind of like selling stolen property, ( I did not know that it was stolen when I bought it however the law says that I can still be held responsible)
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1173 Posts
 Posted 09/04/2007  5:58 pm  Show Profile   Bookmark this reply Add hunter20ga to your friends list
65? Is that the number of finger prints on this coin? A perfect example of a coin that lacks eye appeal. In general, this coin is incorrectly graded, or someone pulled the ol' switcheroo.
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United States
675 Posts
 Posted 09/04/2007  6:00 pm  Show Profile   Bookmark this reply Add Thundercoin to your friends list
Wow... interesting coin, and I find it highly suspect that PCGS would label that as MS-65. I see it as XF-45ish, maybe AU-50 at absolute tops. Funny how people bid it up anyways, just blindly following the TPG's opinion. I think that is ridiculous, and I am one who does believe in TPG's, but you still HAVE TO BUY THE COIN because they make mistakes, etc, and that coin isn't anywhere near MS-65.

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 Posted 09/04/2007  6:10 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
I just don't even see a mistake being this dramatic. I wonder if the people over at PCGS forums are talking about this coin and if so I wonder what they are saying (I'm to lazy to search through the million and 1 new posts since the last time I went there reading posts). Maybe Ron is going to buy it and see if its one of them "Fake Slabs" everyone has been talking about the past few months.

Edit: well the only way it is a fake slab is if they used a real number that PCGS did grade as MS-65 http://www.pcgs.com/Cert/08635973.html
Edited by Bryan1315
09/04/2007 6:14 pm
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4589 Posts
 Posted 09/04/2007  8:15 pm  Show Profile   Bookmark this reply Add scoutjim99 to your friends list
65? Is that the number of finger prints on this coin? hunter20ga I didn't think of that one LOL
Valued Member
United States
54 Posts
 Posted 09/07/2007  4:43 pm  Show Profile   Bookmark this reply Add dglavin96 to your friends list
Just an all-around ugly coin, regardless of grade or holder.
Pillar of the Community
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 Posted 09/07/2007  4:53 pm  Show Profile   Bookmark this reply Add scoutjim99 to your friends list
The only logical answer for me is some one did switch the coin.
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1267 Posts
 Posted 09/07/2007  5:15 pm  Show Profile   Bookmark this reply Add Bonedigger to your friends list
OMG, that looks horrible...
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