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1950 Canadian Dollar - ICCS MS-67?

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Canadian-Banknotes's Avatar
Canada
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 Posted 02/08/2012  1:41 pm Show Profile   Bookmark this topic Add Canadian-Banknotes to your friends list Get a Link to this Message Number of Subscribers
I seen this coin offered for sale a couple of days ago, and I am really questioning the grade. I know that scans do not show luster, but this coin does not look like an MS-67.

http://www.ebay.com/itm/30065188757...t_500wt_1202
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littlemoney's Avatar
Canada
902 Posts
 Posted 02/08/2012  2:12 pm  Show Profile   Bookmark this reply Add littlemoney to your friends list Get a Link to this Reply
I would have to say not a chance.
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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 02/08/2012  2:15 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply

Quote:
...but this coin does not look like MS-67



You can say that again, not only does he not show the reverse, he wants $5000.00 for a VF, 1950 silver dollar.

I cannot imagine that ICCS graded this coin MS-67

WOW, am I missing something.
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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 02/08/2012  2:47 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
Brian at ICCS, historically has not 'rewarded' lustre onm a coin as much as the US TPG's do.

I'm sure for an ms67 grade, the surfaces are absolutely flawless.

Over the years, I've seen plenty of ICCS high MS grades that have this muted lustre, whereas, in the US, if this was a Morgan dollar, no matter how flawless the surfaces are, I bet you wouldn't get higher than an ms64, because PCGS and others want that 'blazing lustre' (which incidentally, promotes dipping of a coin, but that's another topic!).
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Canadian-Banknotes's Avatar
Canada
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 Posted 02/08/2012  4:12 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply

Quote:
I cannot imagine that ICCS graded this coin MS-67

That's another thing that really worried me. When I posted a new thread about the upcoming February Torex, DBM posted that TCNC (The people selling this coin) had been accused of switching coins in ICCS holders.

Quote from DBM:
We whine and complain about ebay and its sellers on this forum,yet we look forward to an auction conducted by those who allegedly switched coins in ICCS holders and were expelled from the CAND.


Here is the Thread: https://goccf.com/t/109791
Edited by Canadian-Banknotes
02/08/2012 4:26 pm
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 Posted 02/08/2012  7:33 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
For half the price you can bid on this equally unattractive MS67 on ebay .Let's see how much it goes for.

Or for one-eighth the price you can have this more eye pleasing MS66.
Edited by DBM
02/08/2012 7:39 pm
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617 Posts
 Posted 02/09/2012  12:01 am  Show Profile   Bookmark this reply Add EastVanRob to your friends list Get a Link to this Reply
The fact that the coin is scanned also tends to wipe out the showing of any lustre it has.
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 Posted 02/09/2012  12:39 am  Show Profile   Bookmark this reply Add santafeboy to your friends list Get a Link to this Reply
$5000 ? wow what is he smoking?
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 Posted 02/09/2012  01:57 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
IMO this MS67 dollarlinked to by canadian-banknotes,is strictly a "money" coin.It may well be a technically graded MS67 but it lacks the eye appeal of many of it's lower-graded lower-priced bretheren.Our grading system makes "rarity for rarity's sake" coins like this possible,they have no appeal or history,they are strictly,investment grade coins.Investors need coins like this because truly rare and significant Canadian coins don't sell frequently,and dealers are more than happy to have a supply of these coins available.Buyers of coins like this never want to hear "buy the coin not the holder" to them the number that comes after MS is all that matters.
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biggfredd's Avatar
United States
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 Posted 02/09/2012  05:34 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
$5000 for a one-sided coin graded by someone who got lucky the night before? No way!
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littlemoney's Avatar
Canada
902 Posts
 Posted 02/09/2012  1:36 pm  Show Profile   Bookmark this reply Add littlemoney to your friends list Get a Link to this Reply
With so many ICCS holders out there, makes one wonder how much switching coins in ICCS holders there is. Buyer beware ?
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Canada
35 Posts
 Posted 02/11/2012  11:11 am  Show Profile   Bookmark this reply Add ship of fools to your friends list Get a Link to this Reply
I just asked a question for him to post the other side of the coin and also what the ICCS number is.Not for me but I must say I do not mind the tarnished look of the coin however the price to me is way above what I may want to pay for a coin that may be meant for those who collect for future $'s.ship
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Canada
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 Posted 02/12/2012  10:28 am  Show Profile   Bookmark this reply Add ship of fools to your friends list Get a Link to this Reply
They sent me an email lettimng me know that they will provide pics of the other side along with the ICCS number. I guess if someone wanted ot they could have it checked against ICCS couldn't they.ship
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Canada
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 Posted 02/15/2012  08:45 am  Show Profile   Bookmark this reply Add ship of fools to your friends list Get a Link to this Reply
Yep never heard back from them and they no longer answered my last attempt, oh well.ship
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Canada
48 Posts
 Posted 03/12/2012  11:20 pm  Show Profile   Bookmark this reply Add numismateer to your friends list Get a Link to this Reply
You guys figure its VF just because it's toned? I'd reserve silly comments like that till you see it in hand. we can't question the grading sight unseen. about all I'd say is the picture subdues eye appeal. It may turn out to be an original undipped gem business strike, which is possible for that year.
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 03/13/2012  12:14 am  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
It's not the fact that the coin is toned, its just that it looks like it has been in circulation... From the picture, the coin has very little detail in the hair and definitely not worth the $5,000 asking price (IMO).

I may be wrong, but I think this is the same coin that I seen at the Fall Torex. I walked past the coin, and then noticed the grade and was shocked. I said the same thing that I wrote in my initial post. I didn't think that the coin was an MS-67.
Edited by Canadian-Banknotes
03/13/2012 12:24 am
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