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 Replies: 37 / Views: 6,804 |
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Valued Member
United States
319 Posts |
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Moderator
 Australia
16806 Posts |
Hmm. It's in a Klaus Ford holder, which certainly would have recently held a genuine 1930 penny. Whether this is still the same coin or someone's done a swap-out in the two years since Klaus sold it, I don't have the experience to say.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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New Member
Australia
11 Posts |
I am not an expert so take my opinion with a grain of salt. This coin looks like it has an 'Indian' obverse die which is far more common than the 'london' obverse die. If it had the 'london' obverse die I would be skeptical. This coin stacks up fairly well against all the points in the quick reference guide from the link below. http://blog.perthmint.com.au/2012/0...g-a-forgery/ |
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Pillar of the Community
Australia
908 Posts |
Looks like the genuine article to me
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Pillar of the Community
Australia
539 Posts |
and if it comes out of a Klaus ford holder you also have to worry if its been cleaned/tampered with
quick google shows he has a history/reputation of coin doctoring
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Pillar of the Community
Australia
599 Posts |
There are markers to look for on a genuine 1930.
In this case the pics are not good enough to tell.
However it looks genuine to me.
Its had a light clean I'd say to remove the surface grime/dirt.
And its a nice coin which would grade well at PCGS.
As a collector I would much rather have one with original surfaces though.
Watch your top knot
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Pillar of the Community
United States
1512 Posts |
You have to wonder why it's not in a PCGS slab already though. For that amount of cash, I'd want a second opinion!
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Moderator
Australia
16806 Posts |
It's in Australia. Australians, generally, still don't like TPGs. And one of the most vocal critics of TPGs has been Klaus Ford.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Australia
539 Posts |
that wouldn't have anything to do with the fact most of his coins would end up in a slab with details grades due to cleaning
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Pillar of the Community
Australia
7096 Posts |
Quote:
It's in Australia. Australians, generally, still don't like TPGs. And one of the most vocal critics of TPGs has been Klaus Ford. Hehehe I was of the same opinion not too long ago until I realised that a coin graded by PCGS is a far better option to buy than a coin graded by a seller. I know that sometimes TPG will get it wrong but 99.99% of the time they are pretty much "spot on". The same thing cannot be said for a coin bought from a dealer. Lets face it a large percentage of dealers couldn't or wouldn't be able to spot a cleaned or dipped coin and nearly always "overgrade" their coins. Personally I wouldn't touch a coin of this value if it wasn't graded by PCGS/NGC , far too much money involved to "take a punt" on a raw coin of this calibre  |
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Pillar of the Community
Australia
3831 Posts |
You would think that Australia being home to one of the world's most expensive copper coins would encourage TPGs to come here.
On the other hand, I suspect the market isn't big enough to support it. Labor cost probably doesn't help either!
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Valued Member
Australia
216 Posts |
Firstly it looks real to me but that does not mean much. I've been wrong before. On the subject of TPG's please correct me if any of this is not right. 1) grade is determined by three different persons. 2) regarding Australian coins due to low volume, grades vary more from the stable of graders than for US coins as they don't see them as often. This explains why grades can be a little off depending on which graders looked at the coin. The real reason I personally don't like slabbed coins though is the slab itself. They don't fit in a folder and I think it's nice to be able to sit at a book looking at 12 or more coins on a page. Plus storage is more of a problem due to increased bulk on each coin. Trout does make a big point though, 3rd party grade over sellers any day. Edited by Peter S Thomas
07/07/2015 12:43 am
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Valued Member
Australia
222 Posts |
Peter S Thomas, your point 2) has been used before as an argument against third-party grading: ie, they don't know what they're doing because they haven't seen many Australian coins.
However, Australia's coins share the same or similar designs to other coins of the Commonwealth, including Canada - which PCGS and NGC do have experience in. Both of these grading companies also grade thousands of coins from each of the other Commonwealth nations, former colonies, and territories, including, of course, the Motherland, the UK. All these coins have similar or identical obverse designs, which are not difficult to grade anyway.
In fact, these days it's a myth that PCGS is inconsistent with grading Australian coins. Like trout said, I'd take the PCGS grade over a raw coin dealers grade every day of the week.
Eric
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Valued Member
Australia
301 Posts |
Hi Peter s Thomas. Just a quick thing on your reason why you don't like slabs because of storage and viewing reasons.
I like you prefer to keep them together on a page in its rightful place.
What you can do is what I have done , you can remove the coin from the holder and place it in your inventory or album etc , then just place the slab /capsule in a shoe box for when you wish to move it on. Just because its in a slab when you get it does not mean it has to live there. Just use precautions when handling the coin as you would know.
They are yours for you to enjoy your way. Regards Sweet.
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Pillar of the Community
Australia
7096 Posts |
Quote:
What you can do is what I have done , you can remove the coin from the holder and place it in your inventory or album etc , then just place the slab /capsule in a shoe box for when you wish to move it on. You must be pretty skilled to be able to remove a coin from a slab without destroying it  |
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Valued Member
Australia
301 Posts |
Hi Trout , well I only have a couple that are slabbed and mine open up easily ? I thought that was normal. I have checked the coin and it certainly looks like the coin on the website that was graded. I shall take a look at the others I have. I just thought that's how they were.?. I can post a pic of it opened if you like.
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Replies: 37 / Views: 6,804 |
Posted 06/18/2015 02:15 am
