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Replies: 27 / Views: 6,575 |
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Pillar of the Community
United Kingdom
2217 Posts |
Quote: Uh...Wow. Your coin is a tad higher than VF! Excellent! Congratulations again! What makes you think so  - I am not saying it isn't a great specimen, but this is a British book and there are significant scratches to the reverse. Also, I'm not sure I'd trust the book either so I could not be sure about its value at all. How much was paid?!
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Pillar of the Community
United States
5318 Posts |
Oh, I thought you were just providing a value--I'm not disputing your grade here. Since I didn't see any real signs of circ. wear on the hair high points or Britannia, and the presence of traces of mint luster suggest EF+ to me--or perhaps aEF with those marks in field? Then again, I can grade Canada or Aus coins accurately by their standards--not so for UK, so I defer to your grade.
Edited by KurtS 10/28/2008 12:08 pm
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Pillar of the Community
United Kingdom
2217 Posts |
I don't think you can judge the level of wear to the high points in the hair by such a photograph, though it wasn't a bad photo. Also, I don't think lustre or having a lighter tone indicates EF as I've seen this on some VF coins before. And don't forget the knocks on the reverse. The obverse could be EF. Don't forget that to be UNC in the Brit system for a copper coin you need full mint lustre anyway, so the coins would be a gleaming brilliant coppery hue. I'd say that 1841 could be EF.
Edited by NumisMattyUk 10/28/2008 4:45 pm
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Pillar of the Community
United States
5318 Posts |
NumisMatty, fine by me--you certainly know more about UK series.  I'm not questioning your knowledge. Right--those knocks. Again, I don't know UK coins well, but older/softer US and Canada coins have such knocks from falling out of the press or by storage/transport to banks. It may be just more American hype, but here we call it "bag wear", and it doesn't necessarily kick an MS coin out of that range--although it effects overall grade. Morgan dollars are one example here. Just my take on what I see--which need not impugn your better knowledge, OK? 
Edited by KurtS 10/28/2008 5:06 pm
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Pillar of the Community
United Kingdom
2217 Posts |
Hehe....so does it matter where the coins picked up those marks? Just wondering... ;)
Edited by NumisMattyUk 10/28/2008 4:51 pm
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Pillar of the Community
United States
5318 Posts |
It can for US coins, but I know Europe often has a more critical view of grading  The best example will be Morgans cited above, and of course our somewhat crudely minted early US coins--roughly 1793-1810s
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Pillar of the Community
Australia
2830 Posts |
G'day, Beautiful coins, all of them.
quote: "... here we call it "bag wear", and it doesn't necessarily kick an MS coin out of that range ..." - I'm more familiar with the term "bag marks". Because such marks arise during processing at the mint, &/or during transport after that, they do not count as evidence of "circulation". Bag marks are typically found in relatively protected parts of the fields, as one might expect when the damage arises from one coin falling, edge first, onto another. Or from abrasion within bags. Rim dings are a difficulty, because they might arise either in the Mint, or in circulation; but we cannot attribute them, either way.
A coin may exhibit bag marks AND signs of wear from circulation. But then it is no longer "Unc".
Although a coin with bag marks may be regarded as "Unc", coins with few or no bag marks deserve even higher grades, of course.
quote: "... so does it matter where the coins picked up those marks?" - I think the answer must be "yes", for the reasons given above. And Kurt has distinguished between this sort of mark, on one hand, and the wear to high points, which is regarded as evidence of circulation.
Of course, lustre, etc, are also factors to be considered.
In 1860, the U.K. switched from copper to bronze for its lower denominations. Bronze is harder, and less chemically reactive. The new bronze pennies were half the weight of the previous copper pennies. I would have expected bag marks to be more of a factor with copper coins than with bronze.
In my experience, bag marks are most often discussed in the context of gold coins. This might be because gold is softer, and denser, than other metals in mumismatic use. But, perhaps another factor is that grading is at its greatest abstraction in gold coins, because of their high intrinsic value.
I haven't seen much discussion of bag marks in relation to modern CuNi, which perhaps supports my previous observation.
My own perspective is that I collect coins for their history and their art. They were manufactured in order to be circulated, so I don't begrudge dings or signs of wear; although I agree that fewer dings and less wear is more desirable. Grading, on the other hand, is what happens when accountants take up investing in coins as a commodity.
Peter in Oz
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Pillar of the Community
United States
5318 Posts |
Quote: In 1860, the U.K. switched from copper to bronze for its lower denominations. Bronze is harder, and less chemically reactive. How interesting. Our early large cents were copper as well--and often an impure alloy; the early smelter at the Philadelphia mint was basically a metallurgical disaster, and some copper sources were very poor too. Suffice to say, early coppers could get badly damaged just during the strike, and those which survived unscathed often turned black after a few years due to sulphur impurities--just some trivia. Quote: In my experience, bag marks are most often discussed in the context of gold coins. This might be because gold is softer, and denser, than other metals in mumismatic use. It makes perfect sense that gold coins are especially vulnerable. I haven't seen this because I don't have stacks of gold coins--unfortunately! Could someone please donate a few for testing? Quote:
Grading, on the other hand, is what happens when accountants take up investing in coins as a commodity.  I like the way you think.
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Pillar of the Community
Australia
1015 Posts |
 Peter Goodonyamate and Tom great coins but can you tell me if the 1841 penny has an inverted "V"in BRIT"A"NNIAR regards Harry
Edited by nuggethill 10/31/2008 6:27 pm
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Pillar of the Community
United States
1415 Posts |
 excellent collection of pennies.. 
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Valued Member
Singapore
104 Posts |
nice! I've seen a few of these from a friend... it'd be cool to have it
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Pillar of the Community
United Kingdom
2217 Posts |
You could always check in the sales room from time to time Haidee ;)
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New Member
Canada
1 Posts |
I have the same coin as t360 although don't know its value! If some one could tell me that would be wonderful:-) Thank-you:-)
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Pillar of the Community
United Kingdom
2889 Posts |
Regardless of the finer points of the grading debate - I think they are great coins....
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Pillar of the Community
United States
2541 Posts |
Young head is my favourite! I think it is a combination of the artistry and the era. So much going on in history.
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Replies: 27 / Views: 6,575 |
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