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 Replies: 16 / Views: 3,836 |
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Pillar of the Community
United States
1388 Posts |
I was just scanning Photograde and I noticed that there is an AGE with a PCGS grade of F12. How is this possible? A really expensive pocket piece perhaps?  |
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Bedrock of the Community
United States
10982 Posts |
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Bedrock of the Community
Australia
21786 Posts |
Gold is soft, and Double Eagles were legal tender. I guess a few of them actually saw circulation, probably in gambling casinos during the Roaring 20's.
Edited by sel_69l
12/24/2014 03:47 am
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Pillar of the Community
United States
5195 Posts |
Quote:
Gold is soft, and Double Eagles were legal tender. I guess a few of them actually saw circulation, probably in gambling gambling casinos during the Roaring 20's. The date on it is 2001  |
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Moderator
 United States
23522 Posts |
I have an idea that coin won a PCGS-centric bet.
"Nah, they'll never slab that!"
I mean, think about it. Grades below 60 are for circulation wear. This is an issue which doesn't circulate.
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Pillar of the Community
United States
937 Posts |
in 2001-2002 gold was in the $250-$350 per ounce range. That would not be such an expensive pocket piece or good luck charm. A few years as a good luck piece would explain the wear. Someone could have got it graded to protect Grangpa's good luck charm. People do illogical things every day.
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Moderator
United States
23522 Posts |
Quote:
People do illogical things every day Especially PCGS, offering a Circulated grade to a coin which didn't circulate. |
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Pillar of the Community
United States
1037 Posts |
Is a F12 worth anything more than spot? I cannot imaging the coin getting the same premium as a 65+ grade.
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Pillar of the Community
 United States
1388 Posts |
@Dave,
What else could they have done with it?
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Moderator
United States
23522 Posts |
Quote:
What else could they have done with it?
Details grade. It's physically impossible for that coin to acquire the condition according to what they call "normal" circulation wear. The wear must therefore be artificial and it's therefore a Details coin. |
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Bedrock of the Community
United States
10982 Posts |
I agree with SD and also, AGEs are alloyed to 22k with copper/silver making it impossible for that much wear to be imparted by "natural" means. As such it should be a details grade.
Merry Christmas!
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Pillar of the Community
United States
5195 Posts |
Quote:
Details grade. It's physically impossible for that coin to acquire the condition according to what they call "normal" circulation wear. The wear must therefore be artificial and it's therefore a Details coin. Unless it is ED, cleaned, deeply scratched intentionally, filed, tooled, or tumbled I don't see how an honestly honestly worn coin would be a details grade. Do proof only coins get "details" grade if they circulated? Now if anyone else wants internet fame get a 1 ounce AGE and wear it below MS 63 and I bet you can make the photograde. |
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Valued Member
United States
469 Posts |
If that F12 were to be in a auction it would bring way more than spot. It doesn't make any difference if they were made to circulate or not someone just used it for a pocketpiece. The Norse medal was not legal tender and you will find many of them that were use as pocketpieces. Even 2 of the Gold Norses were used as pocketpieces.
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Pillar of the Community
United States
5195 Posts |
If you send in a circulated ASE or AGE how do you make sure your coin makes it in the Photograde list? |
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Moderator
United States
23522 Posts |
Quote:If you send in a circulated ASE or AGE how do you make sure your coin makes it in the Photograde list? I would imagine you'd expect them to do that on their own initiative. Software should flag it for them the moment they enter a grade they've never recorded for the coin before. |
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Pillar of the Community
United States
5821 Posts |
Well, the link provided didn't work (looks like some sort of affiliate or tracking cookie is being added), but I went to the PCGS website directly and checked it out. What I find hilarious is that they provide grading photos for MS70 down to MS63, and then there's a huge jump all the way down to F12. It's like they weren't actually planning on providing information on lower grades, but then somebody actually submitted the F12 example and they said, "Sure, why not?"
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Replies: 16 / Views: 3,836 |
Posted 12/23/2014 8:34 pm
