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 Replies: 13 / Views: 1,474 |
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Pillar of the Community
Canada
5417 Posts |
http://www.ebay.com/itm/1805-Draped...em4d2d24af6aI can honestly not see how PCGS ever arrived at the conclusion that they did regarding this coin's grade. The coin is so corroded and damaged that there's no way to tell if it was UNC details or XF details before the damage occurred. Furthermore, even if they knew for sure, is it right to assign an UNC Details grade to coin such as this? I would NET grade at MAYBE G-4. A MS-60 is worth $10K, but this coin is worth no more than $500 (and I would pay much less). Opinions?
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Valued Member
United States
300 Posts |
Fake holder?
Either way I wouldn't touch it with a 10ft pole..
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Pillar of the Community
United States
1704 Posts |
The holder is real. Here is the information from PCGS' web site.
COIN INFORMATION
Cert Verification #: 29702971
PCGS Coin #: 5313
Date, mintmark: 1805
Denomination: 25C
Country: The United States of America
Grade: Genuine - UNC Details (98 - Damage)
Mintage: 121,394
Holder Type: Standard
Population: N/A
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Pillar of the Community
United States
9792 Posts |
I saw this on ebay a few weeks ago - and thought the same thing! Corroded, not even close to UNC, what was PCGS thinking? Could be a fake holder, I sure wish PCGS had this one photographed (the original coin if it's not this one). I too can't see how it got graded with UNC details myself, though if it were a shipwreck recovery coin, it very well may be an uncirculated coin that is just horribly corroded. I don't like the look of it at all personally. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
1566 Posts |
I agree that it looks like salt water corrosion from a shipwreck. Still, I don't understand the Unc. details grade at all.
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Pillar of the Community
United States
6370 Posts |
Looks like G details and something acidic etched the reverse design, like when restoring a Buffalo nickel. |
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Rest in Peace
United States
18456 Posts |
 not unc. details. leaning towards salt water corrosion . PCGS behind the  |
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Pillar of the Community
 United States
5828 Posts |
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Pillar of the Community
United States
2661 Posts |
And this folks is why I send my coins into ANACS. They are by no means infallible, but they are better than this.
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Bedrock of the Community
United States
17884 Posts |
This piece has been discussed before. It was definitely a high grade coin before it was damaged, but now it is so far gone I don't see any way they could have determined it had unc details before the damage. Could have been Unc, could have been AU, could have even been XF. And since you can't tell, calling it Unc details is wrong.
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Pillar of the Community
United States
1796 Posts |
This appears to be a philosophical problem as to the meaning of "wear." :-)
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Pillar of the Community
United States
767 Posts |
Oh well, there went my income tax refund...
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Pillar of the Community
United States
4415 Posts |
Looks like this coin once walked the plank, and PCGS missed the boat. A "genuine" slab would suffice. Buy the coin ... not the holder.
I attended a show, yesterday, and saw an NGC slabbed "double-dime" with a homemade reeded edge. NGC graded the coin but never noted the damaged edge ... Buy the coin!
Yesterday's AU's are becoming today's MS-63's if one is to believe these top-tier grading services. Buy the coin ...
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Pillar of the Community
861 Posts |
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Replies: 13 / Views: 1,474 |
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Posted 02/07/2015 02:48 am
