1832 Lima Peru 8R - Guess The Grade - Page 2

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Author	Replies: 22 / Views: 2,488	Page: of 2

DVCollector Bedrock of the Community United States 10045 Posts	Posted 08/01/2013 5:25 pm realswatcher, yeah--I just posted that for conversation sake--since I have no idea how these grade. I should have posted an AU50 for direct comparison, such as this one (from Heritage too) Report this Post to the Staff
MathieuMa Pillar of the Community France 1591 Posts	Posted 08/02/2013 03:58 am Wow, that one is very well struck ! I just wish it wouldn't have been dipped (at least) ... how can such old coins come out "as new" like this ... silver don't stay un-oxidized for centuries. Report this Post to the Staff
realeswatcher Pillar of the Community United States 1962 Posts	Posted 08/02/2013 06:18 am Yeah, definitely dipped... but sometimes that's for a reason. The coin could have had patchy and/or ugly tone - I highly doubt the piece had nice cabinet tone and someone said "ewww, yuck" and whipped out the Jeweluster. If the piece has sufficient luster still remaining under truly undesirable tone, sometimes it's better to strip and start over. Back to the original point, even allowing for weak strike on the original ebay piece... the grade difference based on wear for these two "AU 50" pieces is comical. The MOST you could allow here is that maybe one could argue the dipped example is "AU plus" detail and they silently "net graded" it down a notch b/c of the dip? Still, the two pieces are worlds apart for wear. Report this Post to the Staff
MathieuMa Pillar of the Community France 1591 Posts	Posted 08/02/2013 06:56 am Another reason why I hate slabs. I can understand on very high grade coins, or modern ones... but for ancients ... Unless particularly expensive ones where the slab gives an extra insurance. Report this Post to the Staff
DVCollector Bedrock of the Community United States 10045 Posts	Posted 08/02/2013 1:24 pm I noticed the dipping too. I guess the TPGs slab some dipped coins, but not others? Report this Post to the Staff
realeswatcher Pillar of the Community United States 1962 Posts	Posted 08/02/2013 3:01 pm The question is typically whether the "look" of the bathed coin is "market acceptable"... That 1832 is very borderline - maybe the luster pops more in hand than in the Heritage scan (where it looks basically "dipped out"... Also, they're usually a bit more lenient with older material - I'd say that a common late 1800's Cap & Ray or a typical Morgan with that stripped of a surface might not grade problem-free. No one really "likes" slabs (that is, having a coin locked in a slab). If done correctly (nearly perfect on Counterfeit Detection, noting cleaned/altered surfaces, proper evaluation of the degree of wear), they definitely serve a purpose on theory. That's why the initial "AU 50" in the thread is bothersome... undermines credibility. Report this Post to the Staff
realeswatcher Pillar of the Community United States 1962 Posts	Posted 08/02/2013 8:24 pm Want to see something else REALLY annoying from a TPG (third-party grader) involving this series? This is the 2nd time I've seen this egregious error on a slab label... mistakenly attributing the common 1828 Lima LARGE Liberty figure style as the MUCH rarer SMALL Liberty. This is a ridiculous error for anyone who know these at all - complete different appearance, and a HUGE error in terms of value... Krause indicates this spread, and I can tell you I've only seen one or two actual 1828 small Liberty pieces. http://cgi.ebay.com/ws/eBayISAPI.dl...271247700708 Report this Post to the Staff
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