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Replies: 17 / Views: 2,823 |
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Pillar of the Community
United States
1348 Posts |
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Valued Member
United States
376 Posts |
I agree with Indian1 on this, there is a problem with the denticles and it has a scratch. It could go anywhere from AU- 53 to MS-63 with details designation. We'll have to wait and see.
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Pillar of the Community
United States
1745 Posts |
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Pillar of the Community
United States
1547 Posts |
The rim is the big issue from an eye appeal or market grading standpoint. Without regard to that that coin is every bit a BN gem, it's just understruck where the rim goes off-center in terms of alignment. Truthfully, I don't know what they'd make of that. The mark along the date doesn't help the market grade, either. Please don't tell us they're calling this recolored or wiped or some stupid thing like that.
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Pillar of the Community
United States
5833 Posts |
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Pillar of the Community
United States
2602 Posts |
MS details, MS62-63 range, but mark on the date could drop it back to MS60 or even AU58. This should not be higher than 63 given the mark on the date and some tick/bag marks on the chin and on "One Cent". It's a beautiful coin nonetheless!
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New Member
United States
31 Posts |
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Pillar of the Community
United States
3345 Posts |
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Pillar of the Community
United States
1659 Posts |
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Pillar of the Community
United States
2936 Posts |
I agree with CBN MS-63BN.
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Pillar of the Community
United States
689 Posts |
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Pillar of the Community
 United States
558 Posts |
According to the general consensus, NGC is quite liberal on this grade assignment. But you can't get that past DavidZerbato on his first reply - he nailed it. 
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Pillar of the Community
United States
1547 Posts |
That's a very fair grade on it, actually. It's every bit a BN gem from a technical standpoint and they didn't market grade it down for the weakly-struck area on the rim. Give the coin the technical grade and let it compete in the market with the other BN gems with the fuller-struck rims. I like that approach in a TPG grading my coins. Let the market decide what it wants to make of that rim understanding it's rather presumptuous to just categorically grade the coin down for something like that.
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Pillar of the Community
United States
2602 Posts |
I understand what you are saying, eddiespin, but we have grading companies that should be grading the coin for what it is not for what it might fetch in the market place or for it's potential rarity in a given grade. It should be graded as it is, on it's on merit, in an unbiased way.
This coin is not MS65 in my opinion. That scratch across the date downgrades it and I think if someone were stupid enough to try to cross it to PCGS, PCGS would return it still in NGC holder and wouldn't cross it to a 65 PCGS holder. The only way they'd cross it would be if the person sending it in was willing to accept a much lower grade. PCGS would probably give this a 63 rating, which would be very disappointing.
If I were you, I'd sell that one in it's holder and buy a super nice MS64 piece that is graded properly.
Buy the coin not the holder.
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Pillar of the Community
United States
1547 Posts |
Mycrob, it was properly graded on its technical merits. Both that scratch and rim would have a negative impact on the market grade, however (which, as I understand it, is what you're saying). NGC just refused to go there for the technical strength of the coin. I'll agree, PCGS would likely market grade it down below that technical grade for those market factors.
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Replies: 17 / Views: 2,823 |
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