Guessing Game - What's Wrong With This Coin?

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Author	Replies: 7 / Views: 1,868
markn Pillar of the Community Australia 1295 Posts	Posted 06/10/2007 4:35 pm http://cgi.ebay.com.au/1954-Proof-A...65_W0QQitemZ 270129047600QQihZ017QQcategoryZ39396QQssPageNameZWDVWQQrdZ1QQcmdZViewItem There's something wrong with that coin. It's the most obvious thing you can think of. If you dont know what is wrong with it, try to imagine the sorts of things that a US grading company could get wrong when grading very low mintage foreign coins about which there is very little information. Edited by markn 06/10/2007 4:36 pm Report this Post to the Staff

GO Moderator United States 6563 Posts	Posted 06/10/2007 4:40 pm You got me. I own 3 of this exact coin and I don't know what's wrong with it. Report this Post to the Staff
markn Pillar of the Community Australia 1295 Posts	Posted 06/10/2007 4:48 pm I'll let some others have some guesses before revealing the answer :D Report this Post to the Staff
tights24 Pillar of the Community United States 2254 Posts	Posted 06/10/2007 4:51 pm According to Coin Manage, there were no proofs...It shows 7.6 million mintage, but no proof mintage? Not sure how good their info is. Report this Post to the Staff
Metalman Pillar of the Community United States 7123 Posts	Posted 06/10/2007 5:34 pm Its not a proof and its graded under the 70 point US system rather than the Aussie grading system. at least it does not look like a proof to me in the pics . Metalman Report this Post to the Staff
markn Pillar of the Community Australia 1295 Posts	Posted 06/10/2007 5:45 pm Bingo to Tights and Metalman, despite what the Australian coin catalogue, Macca's says, there were NO proofs minted in 1954. Silver pre-decimal Australian proofs are hard to pick from normal circulation strikes, with none of them having any frosting or cameo like current proofs. Key identifiers include quality of strike, wire on the rim, thickness of the rims, how well formed the denticles/rim beads are, and polishing of the planchet. This is thrown into turmoil as un the early 50's the mint moved to using newer hardened steel dies for circulation coins and early strikes from these dies can appear proof like. This has lead to coins being slabbed in error, or more troubling, coin sellers selling normal circ coins as proof. I should add here that I have no idea if the seller in the above auction is doing anything devious. So the coin in the link above is a nice coin, and no doubt about it, but it is worth $40, and has been slabbed in error by NGC. As a matter of interest there was a 1955 6d slabbed by NGC as PF66 that sold last night on the US ebay for $150. There's about a 95% chance this wasn't a proof either as the strike was very weak with badly formed rim beads. There were proofs minted in 1955 though, just a paltry 1200 of them. Edited by markn 06/10/2007 5:46 pm Report this Post to the Staff
markn Pillar of the Community Australia 1295 Posts	Posted 06/10/2007 5:53 pm I have two pre-decimal proofs that I am certain are actual proofs, having been identified as such by people with more knowledge than me. I also have a third 'proof' bought as such that I am not sure about, it's getting looked at sometime soon, I really hope I haven't wasted by money. The quality of strike on the reverse is there but the coin doesn't show the lustre it should and the obverse is a little weak. 1960 Proof 3d 1957 Proof 6d Questionable 1958 Proof 6d UNC 1962 6d for reference - note how the denticles on the rev are not well formed, there is no wire on the rim, the rim is thinner than the other coins, the emu feathers are flat, and the scroll is weak. UNC 1954 6d Edited by markn 06/10/2007 5:56 pm Report this Post to the Staff
Metalman Pillar of the Community United States 7123 Posts	Posted 06/11/2007 12:57 am Markn How were the proof coins that were struck released ? I assume there was no regularity to the system or the striking of them ? The 57 is beautiful and would look awesome in my birth year set !! Metalman Report this Post to the Staff
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