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1909 Lincoln: Ex-PCI Coin Rejected By PCGS

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Jaobler's Avatar
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6381 Posts
 Posted 03/15/2008  9:39 pm Show Profile   Bookmark this topic Add Jaobler to your friends list Get a Link to this Message Number of Subscribers
Here's a coin from the back of the safe. The light streaks are reflections from the slab. This coin has some colorful rim toning that my photos unfortunately can't capture very well.

What do you think?

1909-Lincoln:--Ex-PCI-Coin-Rejected-By-PCGS

1909-Lincoln:--Ex-PCI-Coin-Rejected-By-PCGS
Edited by Jaobler
09/10/2008 2:47 pm
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GO's Avatar
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6563 Posts
 Posted 03/15/2008  9:44 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Besides one bag mark on Lincoln's shoulder I'd say it's a good MS66-67

is the W in "WE" a partial filled die?
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Jaobler's Avatar
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 Posted 03/16/2008  01:19 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Hi GO,
No, that effect is due to a scuff on the holder. All letters and devices on this coin appear fully struck.
The curved, white line in the right obverse field is some kind of reflection and is not on the coin.
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amac44's Avatar
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 Posted 03/16/2008  07:23 am  Show Profile   Bookmark this reply Add amac44 to your friends list Get a Link to this Reply
Nice coin MS-65 all day long!
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BadThad's Avatar
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 Posted 03/16/2008  12:36 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Jaobler - That's a solid MS65-66 coin! Very, very nice!
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 Posted 03/16/2008  2:01 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
I concur. Would want it in hand to place an exact grade considering the quality, but MS-65 minimum and would expect to grade it higher. That is a beautiful coin and would be proud to own it. Hmmm, and it was lost in the back of the safe? I think I would very much like to see the rest of the stuff in there!

Jim
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Jaobler's Avatar
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 Posted 03/17/2008  10:12 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
This cent is graded MS67RD and is in a PCI slab. The PCGS price guide shows a value of $4000 for this coin in this grade. My opinion is that my cent has darkened enough that it may only rate a RB color grade and a 67 is probably optimistic. I did send it in to NGC in 2006 for crossover and specified a minimum grade of MS65RB. NGC refused to cross it, saying that it did not deserve that grade because of "spotting".

I'm thinking I should crack it out and send it in raw to PCGS. Should I take the chance? Decisions, decisions....


1909-Lincoln:--Ex-PCI-Coin-Rejected-By-PCGS
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gbchaosmaster's Avatar
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328 Posts
 Posted 03/22/2008  5:04 pm  Show Profile   Bookmark this reply Add gbchaosmaster to your friends list Get a Link to this Reply
Don't trust PCI, that coin is about MS65.
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Nelrak's Avatar
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 Posted 04/09/2008  10:25 pm  Show Profile   Bookmark this reply Add Nelrak to your friends list Get a Link to this Reply
Crack it out and send in. Just keep the PCI holder for reference. Your pics with the distinguishing marks/spotting will help with validity of the PCI slab.
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Jaobler's Avatar
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 Posted 09/10/2008  12:16 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Well, I did crack this cent out and submitted it to PCGS. I was pretty sure PCGS would not agree that it deserved the PCI grade of MS-67RD, but I did not expect a body bag. Nevertheless, the grade report on their website says this coin was rejected due to "Damage or Tooling".

You win some and you lose some, but on this one I gotta say !
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Nelrak's Avatar
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 Posted 09/10/2008  3:39 pm  Show Profile   Bookmark this reply Add Nelrak to your friends list Get a Link to this Reply
I'll take that BB Lincoln if you don't want it.
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desertgem's Avatar
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860 Posts
 Posted 09/10/2008  4:10 pm  Show Profile   Bookmark this reply Add desertgem to your friends list Get a Link to this Reply
Jaobler,

If you have the time, it would be interesting to see the same type of photos with it out of the old PCI holder. I am curious why as to the "tooling - damage" BB by PCGS.

Thanks,

Jim
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atlashealth's Avatar
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1691 Posts
 Posted 09/10/2008  6:29 pm  Show Profile   Bookmark this reply Add atlashealth to your friends list Get a Link to this Reply
The grader yawned just before they encapsulated that beauty...shame the top TPG won't accept it
The ANACS and NCS would more likely encapsulate it...but may not give you any better $$$
just enjoy that gorgeous red beauty. Net MS-65
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BadThad's Avatar
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 Posted 09/10/2008  6:59 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
WOW....I can't believe it. How about some pics out of the holder? I'm not seeing what PCGS is seeing. The 1909P is an extremely tough coin in MS red. It took me a long time to find one!
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chrsb's Avatar
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 Posted 09/10/2008  7:35 pm  Show Profile   Bookmark this reply Add chrsb to your friends list Get a Link to this Reply
The only thing I see is maybe a tooling mark in front of Abes face?
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BadThad's Avatar
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 Posted 09/10/2008  9:14 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
That could be, I assumed that was on the holder.
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