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1974 D Quarter With Front And Back Issues

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 Posted 01/25/2023  4:53 pm Show Profile   Bookmark this topic Add iamavol to your friends list Get a Link to this Message
I am not sure what is going on with this 1974 D Quarter. At first I thought it may just be damage but if you look at Washington's Head, his forehead, out from his nose, to the right side of the obverse of the coin, and at the chest/neck area of the eagle...the same issue presents itself. In looing at it, it seems like there was a mint error because there doesn't seem to be issues with the cladding. Any assist would be grateful. I want to get it slabbed but not sure what type of error this would be...if it is an error. Thanks

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 Posted 01/25/2023  6:12 pm  Show Profile   Bookmark this reply Add nick10 to your friends list Get a Link to this Reply
perhaps acid damage, but when coins are this damaged it's difficult to be sure exactly what happened
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 Posted 01/25/2023  6:12 pm  Show Profile   Bookmark this reply Add Cujohn to your friends list Get a Link to this Reply
Do not I repeat, do not get this slabbed. There is nothing on this coin that can't be explained by circulation damage or maybe some chemical reaction.
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 Posted 01/25/2023  6:18 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Thinking of Slabbing? Make sure you understand the Facts...or You Could Lose Money.

The Insider's Guide to Using Grading Companies

Popular mistaken mindset:
1. The grading companies are not a method/way that the majority of people, even those with a great deal of experience who know what they are doing, are going to be able to use in order to make huge personal profits. Many people start using grading companies thinking they will find a way to finance their hobby, but they learn a hard lesson quickly.

In general, the coin you have found in circulation is NOT going to make huge profits if slabbed. Way too many people pad the pockets of the companies and get nothing in return b/c they THINK (youtube videos!) they have something rare.

Professional predicting not possible:
2. Watch videos where experienced dealers get slabbed coins back from the grading companies. Note even people who live, eat, breath, and deal coins for a living can accurately predict what grade the companies will give. And...the "fault" (not really a fault) is in a widespread mistaken perception people get from being exposed to all the slabs being sold nowadays:

a. Coin grading companies are a business out to make a profit - this is why they exist. They use a system where allegedly three, but in reality it's normally two (read the guarantee carefully), graders look at each coin and give an opinion. The company videos showing the process make you believe this is a relaxed and paced process of studying each coin. In fact one PCGS video shows a number of guys sitting around a table discussing what they think a specific coin should be graded as (on youtube somewhere - sorry no link). Uh uh.

b. If you take a PCGS graded coin slabbed as MS64, break it out, and resubmit it to PCGS, you are never guaranteed the same grade again. The slabbed coin might come back MS62 (extreme and a bad day for graders), 63, 64, 65, 66 (extreme and a great day for you!). This is b/c the process is all subjective: No scientific/verifiable standards or methods are used. This subjectivity makes for greater company profits since people resubmit the same coin trying to get a higher (better price when selling) grade. In the 90s the companies, at great expense, created better (their own words) scientific methods not relying upon human opinion. No doubt the large profit from the re-slabbing game fell. The companies abandoned the science and went back to their less accurate systems.

c. It needs be mentioned that the fewer the "money grade" slabs a company assigns, the more prices of said slabs climbs. Thus more business is generated b/c more people pay to slab coins hoping to get that "money grade" slab. And the companies do keep records (accessible online) of how many of the higher graded slabs exist for each coin. While the idea of keeping money grade slabs minimized is speculative, there has been some convincing evidence of this being reality.

But..this is all hearsay without proof. So...

Grading the coin graders:
Here is another good read from someone there at the start of the grading companies:

Hobby negative impacts from slabbing companies

Error on errors:
3. People also seem to think grading companies will examine a coin to see if they can find an error and then slab it as such. But again, they ONLY GRADE coins. The companies will NOT try to find and ID an error for you. You must FIRST ID the error yourself, CHECK to see if the company you want to use recognizes that specific error, PAY them to verify the error on the label, and then you may or may not actually get what you pay for! The companies have a bad reputation for attributing errors incorrectly.

Link to and read (download if you want it) the pdf link in my signature as an eye opening example. Sadly, the verifiable data presented from the PCGS website shows trusting people have spent thousands of dollars on many slabbed coins that are not what the companies claims/slabbed the coins to be.

Cost concerns:
4. B/c people do not understand the businesses, so very many people end up with spending far more money to slab a coin than the coin is worth. The companies profit greatly with membership fees, submission fees, insurance fees, priority shipping fees and extra (chosen) fees. When you do the math for all of these fees you are approaching $150-200.00 for a slabbed coin the very first time you submit. ANACs does not have all these fees though.

You don't have to throw in the towel over these companies...but education about the reality of them will put you on the right pathway to dealing with them in a legit way without losing money in the process.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
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 Posted 01/25/2023  6:38 pm  Show Profile   Bookmark this reply Add CJ18850 to your friends list Get a Link to this Reply
Gee... sounds 99% cons and lucky 1% pro on grading & slabbing. I've never had a coin stabbed, but was hoping one day for my variety DDO's. Guess not.

IMHO agree on possible acid damage. Good luck hunting!

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 Posted 01/25/2023  7:09 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

I've never had a coin stabbed, but was hoping one day for my variety DDO's. Guess not.

Newly minted coins each year are where to go to try to find a new DDO. But PCGS etc. do NOT attribute them. The new DDO must be verified and assigned first by a place like CONECA. And then, if the grading company decides to recognize it (which they typically will through official channels) , THEN you can get it on a label.

Gee... sounds 99% cons and lucky 1% pro on grading & slabbing.

I do not believe these companies con anyone deliberately. They are businesses and as with all businesses, go where the money is.

The deeper you dig into understanding the working of these companies, the more they need to be viewed as a big business. And as we all (hopefully) a lot of bug businesses do things which, if we did as individuals, would make people think we are shady. For example, when a person says they guarantee me something, I can hold them to it. When a company says they have a guarantee, a lot of the time "legaleze" get's in the way of them actually doing what you thought they promised. We have examples of members here having to deal with this with grading companies...and coming out on the short end..

People hoping to get money grade slabs is how these businesses make a LOT of money. They all also developed systems in the 90s that they advertised as leaving out the human error element giving the true grade of the coin.

They abandoned those systems and went back to what they called, when marketing the more scientific and repeatable computer system, a less accurate system having to deal with with human error.

If one true and always repeatable grade was give to a coin, no more re-slabbing with hopes of getting an uber-grade worth big bucks.

Just like other companies, when you read, for example, the PCGS guarantee with an eye to critical thinking, you also find their guarantee is really only beneficial to their company in almost every case (it is good though if they slab a fake coin)... the owner of the coin ends up not benefitting.

For one example, the guarantee says they will pay "market value" for their mistake. However, further down the page where most people have tired of reading, PCGS says the term "market value," as they define it, means what a dealer would pay. Plus PCGS gets to say what that amount is with no reference to where they get the idea from...therefore no accountability!

Like everything else in this life, education is the key.

Slabs can be, and are, a very enjoyable way for people to enjoy a branch of the hobby where plastic is a part of the fun for them. The competition of registry sets is alluring for many people (and also drives up prices on high end slabs - hence more business - but THAT is what a business is!)

Unfortunately the main mindset out there looks at these companies as the "THE Unquestionable Experts," which is far from fact. And it's not hard to find examples when someone does their homework.

If doubting that last statement, look at the essay in my signature which uses PCGS website data with links. It proves collectors have been taken for thousands of dollars from a lack of expertise in just PCGS's non-expertise in identifying a rookie level variety, the No FG Kennedy half dollars.

All of this is why this forum always says, "Buy the coin and not the slab."
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
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