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 Replies: 73 / Views: 9,223 |
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Pillar of the Community
Canada
5417 Posts |
Wow.. unexpected. Still Edwards are hard to grade and there may have been the slightest hint of wear or a rub that we missed. The issue with coins is that no matter how nice an MS coin is, all it takes is one touch and it will be ruined. Heck.. I could take a MS-70 use one finger and rub it twice and then its a AU-58.
So while your coin may have the eye appeal, fields and strike of a MS-62/63/64/65, the tiniest rub will make it an AU-58.
Nonetheless, it's still a $2000 coin.
Edited by zxcccxz
04/16/2014 12:22 pm
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Pillar of the Community
 1844 Posts |
zx.... There is no way on Gods green earth that this coin should have been graded as such..It is spotless other than the odd bag mark, no wear and has so much luster its crazy.. In hand you would see it..... Its not the first time they do this to me with pretty coins... + have a look at some of the MS coins they graded ..Just a straight out rip off on grading
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Pillar of the Community
Canada
5324 Posts |
Amazed it's not at least a ms 63
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Pillar of the Community
Canada
1192 Posts |
Like I said earlier, the lustre dropping off in the fields was a red flag. It still looks MS (with potentially impaired lustre due to dipping) to me, but problem-free AU-58 does seem reasonable. Unc (let along GEM!) Edward halfs don't grow on trees, and apparently aren't found raw on ebay either! |
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Pillar of the Community
1844 Posts |
@ poker, sorry coin was not dipped as you think... In hand its 100 time nicer than what I can catch on camera.. none the less this baby is coming out of the bogus grading and thats the last time I send coins to them guys...... CCCS will likely be getting this or PCGS .. Oh well
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Pillar of the Community
Canada
1192 Posts |
I call them like I see them. It has been dipped and/or has impaired lustre. I initially thought it was a market-acceptable MS64. Apparently it's even worse than what I see in the photo, as I can usually pretty accurately predict ICCS grades. PCGS tends to be harder on problem coins than ICCS. PCGS may well grade it MS details cleaned/altered surfaces.
If you're chasing a high mintstate grade, you may be paying to grade it half a dozen times or more before you get the overgrade you want.
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Pillar of the Community
1844 Posts |
heres a different set of pics taken in indirect sunlight with a different cam... You may think your right poker but your not..Its your opinion and I respect it but I know what I have.. Been at this for better than 35 years and I know a MS coin when I see one....Hopefully you will see what those other pics wouldnt show..   |
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Pillar of the Community
Canada
1461 Posts |
Hey artdio. This is actually a very good picture that shows more detail than the last one. I would say the reason why this coin was graded a 58 is due to all the "noise" in the fields. ICCS really penalizes obv fields (at least that's been my exp a few times). It's the EXACT same scenario that happened to my customer's 39. See the (38 50 cent thread below). The coin looked great in hand but the picture showed some flaws. Not saying it's right, but this is my guess. BTW, I don't think this coin has been dipped either.
Edited by TheCoinHunter
04/16/2014 2:27 pm
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Pillar of the Community
1844 Posts |
@coinhunter, I'm glad these pics came out better , and shows more of what the luster looks like.. Now you say the noise in the fields, are you referring to those 2 very tiny marks on the obv between the X & I ? thats the only 2 on either side, and remember this pic is how many times larger than the real coin... Honestly in hand you see nothing but beauty... Wish I could show it live.... Oh well I will still sell it raw according to what I see it as and the buyer will have first hand look at the coin in hand....
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Pillar of the Community
Canada
1461 Posts |
I'm referring more to the darkened ares in front and behind Ed. Similar to the 39 .50 I posted. These darker areas don't show in hand. If you follow that other thread, many posters thought the coin was MS63/64 and although not as nice as this one, apparently equally deceiving.
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Pillar of the Community
Canada
2495 Posts |
Last set of pictures confirms two things to me:
1. It's absolutely been dipped.
I originally thought it was dipped but now I'm 100% positive.
2. From ICCS I can defibnitely understand the au58 grade.
For the 20th time, ICCS when judging AU to high MS grades, looks mainly at the quality and condition of the FIELDS!!
Forget about crown beads or quality of hairlines - just forget about these things - look at the FIELDS.
IF you follow this procedure, you will fully realize the justification of the AU grade.
Remember the secret to this business......
Is not to learn how to grade, but rather, is to learn how ICCS grades.
Edited by doubleeagle59
04/16/2014 3:46 pm
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Pillar of the Community
Canada
2495 Posts |
I also want to say the first set of pictures shows the same coin to be about 2 to 3 full grades better than the second set of pictures.
I'm sure if the second set was posted first, there would be no guesses of ms64's and ms65's.
The only positive thing I can say is the coin has a possible upgrade side of an ms62.
This range of au58 to ms62 is the most difficult for any grader to stay consistent and accurate.
So perhaps in the future, ICCS may give this coin an ms62 and if it happens, I cannot fault ICCS one bit (for the above reasons).
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Pillar of the Community
Canada
1192 Posts |
DE59's posts contain some excellent wisdom.
I can fully see why ICCS gave it a 58. Like DE59 said, when there is some broken lustre in the fields, that generally means the coin will receive a circulated grade. PCGS might give it a 62 on a good day.
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Pillar of the Community
Canada
1192 Posts |
PS- it's still a very nice coin, and one I'd love to own. But it's just not a high MS piece.
PPS- There is an article in the current issue of CCN (Apr 22-May 5)called "Understand the difference between AU and Mint State". The author, Peter Mosiondz, sums it up nicely: "[Mintstate coins] will always feature uninterrupted mint lustre".
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Pillar of the Community
1844 Posts |
I beg to differ ...How many times I have seen ICCS grade a coin MS cleaned ? More times than I care to mention... And again in hand you would clearly see it was not dipped.. Call it dipped if you want ...Dont much matter....
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Replies: 73 / Views: 9,223 |
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Posted 04/16/2014 12:30 pm
