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Opinions Of Grade On This 1858 Canada 20 Cent Coin

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Pillar of the Community
Canada
1723 Posts
 Posted 08/06/2018  4:51 pm  Show Profile   Bookmark this reply Add samsnate to your friends list
Right on guys. Please keep your opinions coming. It's a coin I've been thinking or purchasing. It is a graded slabbed coin, hence posting it in the other section previously. It came in at XF45. Thats it. No details or anything. But from my stand point, it looks like it might have been cleaned.

So here's a follow up question. Due to the age, if it was cleaned it looks like it was a light clean at least. You think the grading company factored in the age and severity of the clean and just decided to possibly accept it/ over look it?
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Canada
21759 Posts
 Posted 08/06/2018  5:01 pm  Show Profile   Bookmark this reply Add JimmyD to your friends list
Who did the grading?
Pillar of the Community
Canada
1723 Posts
 Posted 08/06/2018  5:54 pm  Show Profile   Bookmark this reply Add samsnate to your friends list
PCGS
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Canada
5331 Posts
 Posted 08/06/2018  6:09 pm  Show Profile   Bookmark this reply Add john100 to your friends list
If it's a graded PCGS coin it would not have a numeric grade on it if it was cleaned
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5626 Posts
 Posted 08/06/2018  6:12 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list
Looks like a 40 to me and, if it was cleaned, light. I don't think the TPG lowered the grade at all .. there's actually some pretty good Obv wear.
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 Posted 08/06/2018  6:16 pm  Show Profile   Bookmark this reply Add samsnate to your friends list
That is what my understanding was. It would have come up just as EF details- cleaned I think. But I thought I would post here and get an opinion about it. If a lightly cleaned coin would be overlooked in some cases due to age etc etc. Just all the little scuff marks on top of crown and on coin seemed a bit off to me. Although for sure many would be just from circulating, the crown part kind of grabbed my attention. Still a beautiful coin nonetheless.
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Canada
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 Posted 08/06/2018  6:23 pm  Show Profile   Bookmark this reply Add samsnate to your friends list
Or is that what you meant OKIE about the TPG company lowering the grade. You get no details but one step down in grade because it would have been so minor?

This may be my first higher grade, slabbed purchase ever so I'm trying to ask and understand as well I've been doing a lot of reading to also try and understand the process. As well, if there was something "off" about this coin, the guys and gals here would be a good set of eyes. :-). I'm more than willing to learn from others..... misfortunes I would say.

I haven't even asked what you all feel fair market value to pay for this coin is. I know j&m has it $300 CAD. Coins and Canada also has it for $300CAD and trending down. Same coin, not graded, between VF and EF ( was advertised as EF) sold for $150CAD on ebay last night that I had been following. All these factors, what would be a fair offer?
Edited by samsnate
08/06/2018 6:31 pm
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Canada
21759 Posts
 Posted 08/06/2018  6:47 pm  Show Profile   Bookmark this reply Add JimmyD to your friends list
I may be wrong as I don't deal with PCGS but I believe if a coin
has been cleaned, it would come back with a details designation.

OOPS-
Question was answered before I got my post up.
Edited by JimmyD
08/06/2018 8:02 pm
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Canada
5331 Posts
 Posted 08/06/2018  7:26 pm  Show Profile   Bookmark this reply Add john100 to your friends list
PCGS would not assign a numeric grade on a problem coin, NGC does the same but ICCS will grade a cleaned coin with a number grade just to add more confusion
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 Posted 08/06/2018  7:32 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list
I do not think that PCGS lowered the grade at all. I would keep it in the current holder knowing, as Jimmy states, that PCGS does not grade problem coins and they most definitely would have put something in the remarks if they had any questions.... you're good. My personal opinion is that it looks 40 to me and PCGS did you a favor.
Edited by okiecoiner
08/06/2018 8:22 pm
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 Posted 08/06/2018  8:04 pm  Show Profile   Bookmark this reply Add DBM to your friends list
352420850845

Wayyy overpriced. Full retail price should be about $260US

EF40 by Canadian standards IMO.
Just because a coin has received a straight grade from PCGS does not mean it has never been cleaned. Old cleanings when not harshly done can be acceptable.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
08/06/2018 8:17 pm
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Canada
21759 Posts
 Posted 08/06/2018  8:27 pm  Show Profile   Bookmark this reply Add JimmyD to your friends list

Quote:
Wayyy overpriced.

Agreed

I just checked ebay sales and the average price of the last 4 sold at $232.27 US for EF45 Grade
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Canada
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 Posted 08/06/2018  9:32 pm  Show Profile   Bookmark this reply Add samsnate to your friends list
Oh I totally agree with you guys!! No way I'm paying that! Lol crap no! But I guess what I'm wondering is being an actual slabbed and graded coin, what is reasonable or expected over price of a similar coin in raw form. I do like the coin, I do want a graded slabbed coin, and that area of grade is at my price point and desire. So where would I go from here?

Personally the number $260 CAD shipped comes to mind. I feel that's a fair price between sales, market and book value.
Edited by samsnate
08/06/2018 9:35 pm
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14463 Posts
 Posted 08/06/2018  11:36 pm  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list
I removed your other thread. The TPG section is for discussions ABOUT TPG companies, not grading. That is why there are grading sections.
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1723 Posts
 Posted 08/07/2018  12:07 pm  Show Profile   Bookmark this reply Add samsnate to your friends list
Thanks fuzzy. I misinterpreted the nature of that thread. Thanks for cleaning up my mess.... yet again. Lol. Cheers.
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