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 Replies: 7 / Views: 1,328 |
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Valued Member
United States
71 Posts |
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Rest in Peace
United States
10625 Posts |
It looks like the PMD to me. |
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Pillar of the Community
United States
4846 Posts |
Yeah, it was probably cleaned/polished, I remember seeing these cases commonly had cleaned coins in them. It could have had an issue that was covered up
Edited by Adam_E
08/16/2014 7:44 pm
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Pillar of the Community
Canada
4911 Posts |
Those are some bad hairlines, I think those are why it was not given an UNC designation.
Feel free to call me Will.
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Moderator
 United States
23522 Posts |
Yeah, that's brushing - you wouldn't see die polishing on a star or other device. Looks like someone was trying to remove the stuff around the first left star.
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Pillar of the Community
United States
7630 Posts |
There were groups of "professional" politically connected numismatists that were selected to help evaluate the GSA hoard. Sample coins were selected and shown to the professionals. Your coin was most likely one of the coins that was in that group. I would imagine that some coins were cleaned (and not very carefully)----like yours. Opinions were rendered. The coins were then returned to the hoard.
Eventually, the coins were sorted and your coin was held out of the "unc" category and placed in the mixed CC "problem" coin group. That group contained coins that did not meet the GSA's grading standards and included heavily scratched, toned and damaged coins. I believe that group had a minimum bid of 15$. Surprisingly, the GSA placed the single 1889-CC coin that was in the GSA hoards in this group and it sold for 15$, too!
The damage on your coin is deliberate and not "natural". Keep it in the GSA holder as an example of their carelessness and a learning tool. It is a piece of history as long as it stays in the GSA holder. Otherwise, it just becomes another coin with harsh cleaning.
There were some nice coins that came out of that group. Unfortunately, your coin is not one of them but is still a nice piece of history.
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Moderator
United States
23522 Posts |
Quote:
Keep it in the GSA holder as an example of their carelessness and a learning tool. It is a piece of history as long as it stays in the GSA holder. Otherwise, it just becomes another coin with harsh cleaning. This, very much this. There aren't many coins like this one in original GSA holders; it's definitely a value-added coin in the holder and will only appreciate into the future. It's as good an investment as any other GSA, and better than most. |
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Pillar of the Community
968 Posts |
Can we see pics of the reverse of the holder? Is it intact?
IIRC, the bulk of sorting was done by college interns and overseen by a few professionals. It would stand to reason that perhaps somebody tried scratching the debris off this coin during that process, but it also could have been one of the few coins that was damaged earlier, prior to the GSA getting their hands on them. The coins would have been audited in the past by the holding treasury, so the damage could have happened with a couple bored employees taking a smoke break. They literally shoveled the things around after they were removed from bags during audits.
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Replies: 7 / Views: 1,328 |
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Posted 08/16/2014 5:27 pm
