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2004-D-1-DR-001 LMC

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 Posted 01/30/2012  9:17 pm Show Profile   Bookmark this topic Add DrDon to your friends list Get a Link to this Message Number of Subscribers


2004-D-1-DR-001--LMC

2004-D-1-DR-001--LMC
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DrDon's Avatar
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 Posted 01/31/2012  7:00 pm  Show Profile   Bookmark this reply Add DrDon to your friends list Get a Link to this Reply

Quote:
Modern US Coin Grading
Please post pictures here so that we can all practice our grading skills.


I thought this forum was for getting coins graded.
I was not aware that you actually had to ask.
Or could it be that 97 members checked it out and had no clue how to grade it?
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BadThad's Avatar
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 Posted 01/31/2012  10:55 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
AU55

TPG often grade these in mint state, but I disagree with that practice.
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phankins11's Avatar
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 Posted 02/01/2012  1:14 pm  Show Profile   Bookmark this reply Add phankins11 to your friends list Get a Link to this Reply
BadThad,
Can you expand a little for me why you disagree with the practice you mentioned above.

This is an area that I find myself struggling with...that fine line between AU and MS. I wold say AU in this case too because the luster is diffidently not what it was when it left the mint, BUT, is it worn...I dunno. I see contact marks, but MS coins can have contact marks...so what is it that might cause an professional to grade this coin or one similar with an MS grade?
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 Posted 02/01/2012  9:56 pm  Show Profile   Bookmark this reply Add DrDon to your friends list Get a Link to this Reply
BadThad:Thanks for your response.I thought it might go higher except for the black spots. Is this what you went on or is there something else?
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 Posted 02/02/2012  08:47 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Basically, the TPG's look at details on modern cents. IMO, they are ignorant of the high points of the design and exactly how they wear. I have seen a ton of AU modern cents in MS slabs.

On this coin the rims clearly show rub and I can see it on the obverse device high point, the temple/forhead area. On the reverse, the pillars on the side of the steps are the high point, then the cornice, they show rub. The luster is also reduced, an MS 2004 will have bright, cartwheel luster. Also, the dirt is consistent with having been circulated a good bit. If a red, MS coin is put into a drawer and never circulated, it will not look like this at all.
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Edited by BadThad
02/02/2012 08:50 am
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 Posted 02/02/2012  10:32 am  Show Profile   Bookmark this reply Add phankins11 to your friends list Get a Link to this Reply
Thanks for that explanation Badthad. I had based my grade opinion here on the reduction in luster and the dirt on the surface, which to me screams a circulated coin that's been fairly lucky. The rub you point out is certainly subtle, and I think that's what my eyes are needing trained on, this is where you help comes in, it trains me to look more closely at those details. Thanks for taking the time to explain.
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