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 Replies: 7 / Views: 4,118 |
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Pillar of the Community
United States
1283 Posts |
Surely they did not call this a Red looking like that? One HAS to assume it changed while it was in the slab. http://coins.ha.com/common/view_ite...o=158&src=prOnly one of four possibilities. 1: The slabs offer little protection 2: The graders were drunk 3: Prior to the coin being sent someone put their grubby hands all over it, and the oils/acids took care of the rest. 4: The PCGS graders put their grubby, unclean bare hands all over it before the slabbed it. (Note, they don't wear gloves). But I would assume their hands are cleaned and they only touch the edges. On a side note, would you say it's good policy to make sure you "clean" i.e. remove surface dirt/oils before you submit a coin?   Edited by USArmyParatrooper
07/17/2007 03:45 am
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Pillar of the Community
United States
6385 Posts |
Hi Trooper,
This cent does look more like a RB than a RD, but I've seen other PCGS-slabbed RD coppers that were similarly toned. I expect this coin would be valued well below a 64 RD example with brighter color.
I've had two slabbed silver coins (one PCGS, one ANACS) that toned significantly after I bought them. My opinion is that slabs don't reliably prevent toning.
It probably wouldn't hurt to give coins a preliminary rinse with distilled water and then acetone before sending them out for grading. Does anyone else think this might be a good idea?
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Pillar of the Community
 United States
1283 Posts |
I'm thinking it is. If you look at the toning on this Lincoln, there's a big fingerprint on the obverse. And seriously, how does a penny stay red for nearly a hundred years, and then suddenly tone in a slab?
I'm guessing coins that rapidly tone after being slabbed were fondled before hand, and not properly rinced.
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Pillar of the Community
United States
2443 Posts |
Or it's possible that PCGS messed up when they were printing the label and someone figured they have a chance of getting more money due to the RD v the RB.
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Pillar of the Community
United States
1283 Posts |
quote:
and someone figured they have a chance of getting more money due to the RD v the RB.
And they did! A very premium quality MS-64 RB typically sells for $2500-$2600. I would consider this one a low quality example of a Red/Brown (not Red) and it sold for $2760. Why? Because the slab says Red. |
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Valued Member
Canada
86 Posts |
Hello Paratrooper If you look at a post I had earlier this is exactly my concern about TPG handling coins with their bare hands. Who knows what happens days/weeks later to your coin once sealed in a slab after being poorly handled. The problem is that everyone wants a high grade coin but if its not who are we fooling anyways. I have both slabbed and unslabbed banknotes and personally have been lucky so far but I have seen some disasters. You really wonder who was grading the note, the professional grader or his 6 year old. The coin with banknotes some say are if no air is allow in then the note can have problems yet to much moisture is another problem. Some holders that are sealed now have tiny air holes for circulation. I guess time only tells but by then it is to late. I don't know about coins, but if a banknote has a bad smell or has been chemically altered in some way slabbing it hides this fault and can be detrimental to the value. |
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Bedrock of the Community
United States
12437 Posts |
quote:
this is exactly my concern about TPG handling coins with their bare hands
I would not be so concerned with TPG graders(top 4 anyway)- there is a reason why they are considered professional experts and they have handled hundreds of thousands of coins. I would be more concerned with the grubby guy with a mustard stain on his tie picking up a nice Red S-VDB, accidentally smearing a greasy fingerprint on it, then sending it in for grading and the print shows up months or years down the road knocking it right out of full Red to RB  |
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Pillar of the Community
United States
986 Posts |
My feeling is that the coin was dipped then immediately sent to PCGS. It was probably RD when they graded it, but after a while it turned in the holder. PCGS does have some sort of policy about buying back coins that have turned in it's holders. I believe, however, that it excludes all copper coins.
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Replies: 7 / Views: 4,118 |
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Posted 07/17/2007 2:58 pm
