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I Thought I Was Getting Better (Bag Mark Ruins Slab PD)

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United States
1188 Posts
 Posted 11/07/2015  7:14 pm Show Profile   Bookmark this topic Add LibertyEagle20 to your friends list Get a Link to this Message Number of Subscribers
When I was on vacation I stopped in a LCS. I saw this ms62 1923-s PD and it had a ton of luster. I got into chatting with the worker and didn't look over the coin enough. When I got back to the hotel I found these big bag mark scratches on the back. The big one is on the top and runs to the eagle head. There's another on the bottom of the back. They are only visible at the right angle but are big scratches. I thought I was getting better at cherry picking coins but this definitely proves otherwise. Overpaid @ $60 on this one. Atleast the front is nice and the coin has a lot of luster. I don't know if I can settle for this as my collection piece. Live and learn I guess..

I-Thought-I-Was-Getting-Better-Bag-Mark-Ruins-Slab-PD

I-Thought-I-Was-Getting-Better-Bag-Mark-Ruins-Slab-PD
Edited by LibertyEagle20
11/08/2015 5:50 pm
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Slider23's Avatar
United States
4469 Posts
 Posted 11/07/2015  7:35 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
The 23S with strong luster in MS62 is hard to find, but it looks like the dealer may have got the best end of the deal. Can you show a better photo of the obverse? From the photo it looks like the grade may have been knocked down because of the reverse scratch.
Edited by Slider23
11/07/2015 7:37 pm
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Coinfusion's Avatar
United States
500 Posts
 Posted 11/07/2015  7:38 pm  Show Profile   Bookmark this reply Add Coinfusion to your friends list Get a Link to this Reply
Yes the front of the coin is beautiful. I have got to talking before and not paid enough attention to what I was purchasing as well.
Pillar of the Community
United States
1188 Posts
 Posted 11/07/2015  7:49 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
Slider - I remember you telling me about most 23-s being dull. That's why I paid so much for a ms62 on this one. I'll try to get a better picture of the observe, it looks really good to me. This coin has good luster and doesn't have that grayish dull color. If it weren't for those big scratches on the back I'd say it would be a 64 if not a 65. I've seen 62's sell for $40 though so I probably did get ripped off even if the observe is nice and lustrous. At least this is bright white with no toning. I know I've made worse purchases in the past.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 11/07/2015  8:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
It is SO easy to fall in love with the obverse of any coin and then let the reverse slide after a quick glance.


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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 11/07/2015  8:12 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
Still a nice coin, though
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 11/07/2015  8:28 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Are you sure that those are Reverse scratches through the letters?. From what I am seeing that looks like a monster die crack . Pretty nice coin overall from my monitor.
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 Posted 11/07/2015  8:34 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
I had nearly the same experience with a 1938-D Walker. It looked like mint condition at a great price. I just somehow did not see the scratches on the reverse. The head and skirt were just beautiful. Now I understand why I got such a good deal on the coin. Live and learn. To good to be true it probably is too good. I think we all share these experiences at some time. You make them once and then try not to do it again.
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United States
521 Posts
 Posted 11/08/2015  01:00 am  Show Profile   Bookmark this reply Add johnny676767 to your friends list Get a Link to this Reply
This just happened to me last week. I visited a new coin shop and was looking at Barber halves. Thought I really got a good deal (<VG price for -what I thought was - an easy F) until I got home and took a good look at the reverse- just like you said Coinfrog, focusing on th obverse - and found 5 diagonal scratches that make it a melt value coin.

I usually look at a coin in hand without magnification first and then with my loupe. I didn't check this one with my loupe because the surfaces looked so "natural".

Yes, live and learn
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Numisma's Avatar
United States
4963 Posts
 Posted 11/08/2015  3:17 pm  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
We all do things like this occasionally. When I was 9 or 10, I was at a coin show, but I only brought a couple hundred dollars, so I decided to sell a gold dollar, an 1861, so I could buy other things. Since I was unexperienced at that point, I just went to dealer and took the first price he offered, which was $70. I only paid $75 in the first place, because the coin had some glue residue on the reverse, but I still lost some.
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United States
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 Posted 11/08/2015  5:56 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
Here are some additional pics of the observe and one of the back. Does have some minor nicks but hopefully this captures some of the luster. I do always prefer blast white coins and this is probably about as good as I'll get in this price range. As Slider has said that year/mint is harder to find bright with no toning. I don't feel as bad about the purchase and it seems others have done same thing!. Terry that's pretty cool on the 38-D though if the price was right. I feel like eye appeal is pretty important as long as the coin isn't actually damaged (cleaning, etc).

I-Thought-I-Was-Getting-Better-Bag-Mark-Ruins-Slab-PD

I-Thought-I-Was-Getting-Better-Bag-Mark-Ruins-Slab-PD

I-Thought-I-Was-Getting-Better-Bag-Mark-Ruins-Slab-PD

I-Thought-I-Was-Getting-Better-Bag-Mark-Ruins-Slab-PD
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Slider23's Avatar
United States
4469 Posts
 Posted 11/08/2015  7:14 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
You did fine with your purchase as you have a MS62 blast white that is not heavily bag marked. Someday you may want to upgrade to a MS64, but you will pay in the $350+ range.
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