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1837 Bank Of Montreal Penny Token. Is This A Details Coin? Salvageable?

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BigSilver's Avatar
United States
2843 Posts
 Posted 05/04/2017  09:12 am Show Profile   Bookmark this topic Add BigSilver to your friends list Get a Link to this Message Number of Subscribers
So I am pretty stoked. For those who've been reading my other posts, I just bought a big lot of coins without looking into them and I am finding some good stuff.
This is the crown jewel. While Montreal bank tokens are not very rare, this is a rare mule known as PC-2A1 https://www.NGCcoin.com/auction-cen...oinid-766646. It has the obverse of the 1837 and the reverse of the 1842. The ribbon on the obverse (at least the side that I am calling the obverse - with the date) reads "City Bank" while the regular issue reads "Bank of Montreal".
The reverse is righteous. The obverse has some issues. Is this coin details'ed Can it be restored? And what would you think it is worth in the condition that it is in?
Looking for advice. Please.
Thank you.

1837-Bank-Of-Montreal-Penny-Token.-Is-This-A-Details-Coin?-Salvageable?

1837-Bank-Of-Montreal-Penny-Token.-Is-This-A-Details-Coin?-Salvageable?
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NumisCat's Avatar
Canada
288 Posts
 Posted 05/04/2017  12:00 pm  Show Profile   Check NumisCat's eBay Listings Bookmark this reply Add NumisCat to your friends list Get a Link to this Reply
Great find. I don't think there's much you can do about the damage. Probably best to leave it as-is. It might be a $250 to $350 coin, looking at the Charlton, accounting for current market conditions, and taking the damage into consideration. Curious to see what others think.
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BigSilver's Avatar
United States
2843 Posts
 Posted 05/04/2017  12:06 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
Thanks NumisCat. I paid $300 for the lot of 59 tokens and many of the others are noteworthy as well.

I fell good about my purchase.
EDIT: I did not fall, rather feel. I know I could have corrected this, but funny stuff are funny.
Edited by BigSilver
05/04/2017 12:11 pm
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 05/04/2017  12:46 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
The gunk on the obverse may be removable, if its PVC acetone or xylene should do the trick, if its verdigris verdicare might help. Another option is sending it in the NCS to get conserved.
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Wade's Avatar
Canada
2781 Posts
 Posted 05/04/2017  4:52 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
the areas of concern are not that distracting. my advice is don't touch it, it is a rare enough coin to stand on it's own "as is". messing with it might make it worse.

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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 05/05/2017  07:31 am  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
Yeah nice...
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Canada
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 Posted 05/05/2017  1:02 pm  Show Profile   Bookmark this reply Add Alan to your friends list Get a Link to this Reply
I would leave the way it is, great find
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BigSilver's Avatar
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2843 Posts
 Posted 05/05/2017  1:09 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
Thanks for all of the suggestions, and the congrats.
I plan to sell this. Would you think that a TPG would be a good call for this?
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Canada
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 Posted 05/05/2017  1:55 pm  Show Profile   Bookmark this reply Add Alan to your friends list Get a Link to this Reply
Probably ICCS would be the best bet I think. It doesn't cost a lot and who knows they might not even note any issues and just give a flat grade of ms60
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BigSilver's Avatar
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 Posted 05/05/2017  2:19 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
@Alan- Does one need a membership to send to ICCS? Also would the value of a slabbed ICCS be comparable to an NGC even if there was a grade difference?
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 Posted 05/05/2017  3:20 pm  Show Profile   Bookmark this reply Add colonialtokens to your friends list Get a Link to this Reply

Nice token

Technical grade AU 50.
The issues may lessen the overall grade to an XF.

I would go with ICCS for grading.
I currently have six of the critters:

PC-2A1 Scratch ICCS VF-30 HA 230 Co. #88 BM R-8
PC-2A1 ICCS EF-45 JD 487 Co. #88 BM R-8
PC-2A1 Plated ICCS AU-50 TT 546 Co . #88 BM R-8
PC-2A1 ICCS AU-50 RC 931 Co . #88 BM R-8
PC-2A1 ICCS AU-50 YE 071 Co. #88 BM R-8
PC-2A1 ICCS MS-60 JD 475 Co. #88 BM R-8

doug
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BigSilver's Avatar
United States
2843 Posts
 Posted 05/05/2017  3:26 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply

Quote:
I currently have six of the critters:

Doesn't make this seem so rare at all. Do you have all of them?
Are you looking to buy another?
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Wade's Avatar
Canada
2781 Posts
 Posted 05/05/2017  4:52 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply

Quote:
I currently have six of the critters


One day I hope to have a collection as nice as Doug's discards, but even that might be aiming high
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torgemco's Avatar
Canada
1046 Posts
 Posted 05/05/2017  5:49 pm  Show Profile   Bookmark this reply Add torgemco to your friends list Get a Link to this Reply
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Coinfrog's Avatar
United States
94367 Posts
 Posted 05/05/2017  6:37 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Nice example, tough issue, but I would agree that it is a details coin.
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unruhjonny's Avatar
Canada
514 Posts
 Posted 05/30/2017  4:55 pm  Show Profile   Bookmark this reply Add unruhjonny to your friends list Get a Link to this Reply
that is a beautiful token that I would feel privileged to have in my collection.

Please don't do anything to it.
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