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 Replies: 19 / Views: 4,305 |
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Valued Member
Australia
163 Posts |
Hi guys, I've got a bid on this 1959 Penny, http://www.ebay.com/itm/12088845725....m1426.l2649Can see 2 obvious marks, one on the obverse and one on the reverse, but are marks of this nature significant enough to drop the grade from say Choice UNC , to UNC or aUNC ? The strike is quite nice! |
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Pillar of the Community
Australia
7096 Posts |
Any marks on the coin drop the grade.
Unc. book value $150 real value about $70-$80.
Assuming that this is a genuine coin
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Valued Member
 Australia
163 Posts |
Quote:
Assuming that this is a genuine coin Call me naive but would this coin be targeted to be copied / counterfeited ? Edited by rbarat
04/06/2012 07:33 am
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Pillar of the Community
Australia
7096 Posts |
The muscles on the roos leg don't look right to me  I may be wrong and if I am it is a better coin than my 59m, Mine is only EF  At a book price of $500 for a BU coin it is definitely a target of counterfeiters Edited by trout1105
04/06/2012 07:53 am
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Pillar of the Community
Australia
4411 Posts |
I dont see any idication that it is fake. Everything on this particular coin looks just as it should.
I doubt it would has ever been counterfeited. None of the fake coins I have seen have had genuine looking lustre which I would imagine is very hard to produce outside of the mint. This coin is only valuable in higher grades and if theyre unable to produce a fake coin with convincing lustre then its not going to get close to a good price and therefore isn't worth counterfeiting.
I can see a few light marks over the coin but over all it is very nice. I would get in on it at $100 if I had the cash.
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Pillar of the Community
Australia
4411 Posts |
Having another look at it now and it is actually a ripper coin. Very nicely struck as the title suggests! Hope you win.
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Valued Member
Australia
163 Posts |
Enworb, you're not wrong, I can't stop looking at it. Got a nice little spot for it in my type album.
Unfortunately, I'll have to go to Coin Lovers Anonymous in the not too distant future if I keep it up.
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Pillar of the Community
Australia
4411 Posts |
Yeh I tried that and failed... badly  Lucky for you I dont get paid till thursday or I would be bidding against you! |
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Valued Member
Australia
163 Posts |
 $382. I didn't win, I would buy it at that price but not this point in time. I emailed the seller and he indicated the mark on the Kangaroo was on the mylar, not on the coin, which would have made the coin a Choice UNC+ if not a Gem. Oh well, maybe next time. |
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Pillar of the Community
Australia
1295 Posts |
That seller is a known coin cleaner. I think you're better off not having won it.
That being said the price realised indicates that people think it might be a proof. It certainly looks like one. I don't like what I see in fields above the Kangaroo's tail and to the left of KG. Someone may well end up being burned.
Edited by markn
04/07/2012 6:24 pm
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Valued Member
Australia
157 Posts |
wow that is such a nice penny , I reckon it might be a proof , I wish I read this topic yesterday.I would have bid.
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Valued Member
Australia
157 Posts |
oops,ok markn will go check if cleaned, by the serial cleaner
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Pillar of the Community
Australia
7096 Posts |
Quote:
That seller is a known coin cleaner. I think you're better off not having won it Thanks for the info Markin,I knew it didn't look "right" I just couldn't put my finger on why |
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Valued Member
Australia
163 Posts |
I was well out of the ballpark if people were bidding as if it were a proof coin.
My bid was around a good Choice UNC, and only because of the nice strike.
markn, when you refer the above the tail and the KG, I can see the slight scuff mark. Is this what you are refering too ?
Apart from the Proofs in the 59, nearly all the 59's I've seen slabbed or unslabbed seem to have light to heavy streaky planchets.
Could this be something else to look out for ?
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Pillar of the Community
Australia
541 Posts |
Quote:
That being said the price realised indicates that people think it might be a proof. It certainly looks like one. I don't like what I see in fields above the Kangaroo's tail and to the left of KG. Someone may well end up being burned. Quote:
wow that is such a nice penny , I reckon it might be a proof , I wish I read this topic yesterday.I would have bid. I'm surprised nobody mentioned that before, business strike 1959 pennies don't look like that. It's either a proof strike or a harshly cleaned business strike. |
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Pillar of the Community
Australia
4411 Posts |
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Replies: 19 / Views: 4,305 |
Posted 04/06/2012 06:54 am
