Is It Common For Gold To Have More Bag Marks Than Silver?

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Author	Replies: 7 / Views: 1,470
macdon Valued Member Canada 495 Posts	Posted 12/02/2014 7:31 pm just curious if there are more bag marks on gold than silver coins and do TPG consider it when grading ? Report this Post to the Staff

Bertensgrad Pillar of the Community United States 1192 Posts	Posted 12/02/2014 7:36 pm Gold is softer then silver so it would make sense that it would happen. Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5394 Posts	Posted 12/02/2014 8:37 pm Yes gold does tend to have more baggies than silver. Too many marks in the wrong places have "killed" otherwise wonderful 1912-1914 Canada five and ten dollar UNC gold coins at the offices OF ICCS. We won't talk about NGC and PCGS when it comes to these! Report this Post to the Staff
lyradnoj Pillar of the Community Canada 548 Posts	Posted 12/02/2014 9:33 pm How common was it to have bags of gold coins? Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5394 Posts	Posted 12/02/2014 11:19 pm When countries were on the gold standard very common ( before 1933) to have bags of gold coins. As we can see over the last few years Canada and Denmark unloaded lots of bags into the numismatic market. Report this Post to the Staff
Vancouver IslandCoinKid Forum Kid Canada 1074 Posts	Posted 12/02/2014 11:28 pm yes however it is similar to nickel, they are hard on the composition coinage, due to it's tough and harder characteristics. I am sure they take this in for account. would there also be more handing causing more bag marks? Report this Post to the Staff
macdon Valued Member Canada 495 Posts	Posted 12/03/2014 09:38 am Pacificoin your are right about the 1912-1914 gold coins, that is why I question the bag marks on them as they are popping up all over the internet/auctions lately. I cant understand how TPG are rating them and try and sell a MS64 based on Trend price of $9000 for 1914 $10 gold coin here in Canada good luck with that, I feel bad for some buddies who have a few of these that were purchased some years ago with hope they would add to their retirement plans. Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5394 Posts	Posted 12/03/2014 10:29 am the 1912-1914 gold coin issue.....................and yet another coin series to steer clear of. I for one don't pay much over gold for these as quite frankly resale is awful. The hype is over and there are just way more coins than the market can digest. These particular coins are a shining example of what happens when a large hoard of thinly traded stuff hits the market. Another potential gold disaster is a 1916 C sovereign. In the 1980's when I was working the Coin fairs in England quite heavily, 2 pieces came to market at almost exactly the same time, both allegedly from the very same source. This source apparently held a further 45 or so pieces. Does make you wonder, if that is indeed the case . Report this Post to the Staff
	Replies: 7 / Views: 1,470

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