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 Replies: 32 / Views: 4,448 |
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Pillar of the Community
United States
8715 Posts |
Quote:
And its not that I am try to discredit NGC and CAC, its just hard not to be a little concerned when 2 companies who pride themselves on their accurate grading make a rookie mistake like this. Definitely an obvious mistake by NGC/CAC. I remember a similar thread about a Liberty Head large cent, that had a large area of damage. It straight graded at NGC. |
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Pillar of the Community
Canada
683 Posts |
And these mistake are made by humans, as such hopefully these mistakes will not be repeated.
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Bedrock of the Community
United States
36841 Posts |
It must be market acceptable in order to get a green bean.
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Pillar of the Community
United States
3203 Posts |
I think maybe I come at this different than most. I've been collecting coins since I was 8, yes that's 50+ years. I've never come into this with the idea of profiting from the hobby. Truthfully, I collect coins because I'm intrigued by the history of the coin. Where has it been, who might have held it and so on. While, like everyone else, I always try to purchase the coin in the best condition I can find it, whether raw or slabbed I'm most interested in the coin itself. Do I have details coins in my collection, you betcha, because what's more important to me is the history of the coin, I don't mind if there is a scratch on the coin. Do I like that, well of course not, but if it is a coin that fits into my collection and I'm intrigued enough by it then I'll purchase it. Do I have coins that are cleaned in my collection, of course, tell me who doesn't. Unless of course that is the style of collecting you enjoy. Look folks, coin collecting should be fun for everyone no matter the type of collecting you pursue. This thread has many different and valid opinions. My opinion won't match everyone's but it's my opinion and it's valid. This coin was graded as market acceptable. Simple as that, at least for me. Would I purchase it? Well that depends on whether I need it for a slot in my collection. So yes if I need it and the price is right, or no if I don't need it. Buy the coin not the slab? For me, of course! For my collection it's about the coin and not the slab but if it comes in a slab great! What this means is I probably have lots of coins in my collection that a good many of you would never purchase. Same holds true for me and your collections... That's the JOY of collecting coins. Okay, I'll go back into my little corner of the coin collecting world and count my wheat cents again....  Happy day to everyone... |
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Bedrock of the Community
 United States
12477 Posts |
Quote:
It must be market acceptable in order to get a green bean. Now I very much doubt what "market acceptable" really means. That coin has a major, very noticeable, scratch (if not gouge) running across the focal point of the obverse and an accompanying perpendicular scratch that, together, cannot be unseen (it's bad). Is this not a damaged coin? That does not seem compatible with "normal circulation wear." What's up?  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
12/05/2018 03:12 am
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Pillar of the Community
Canada
857 Posts |
Anyone know where this coin resides now?
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Pillar of the Community
United States
4469 Posts |
The coin last sold in a Heritage auction in 2018 for $240.
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Pillar of the Community
United States
4989 Posts |
So many of the U.S. coinage from the early 1800's is in such bad shape that they are very lenient with the grading. It is upsetting though that a coin like this with two graffiti gashes across the face will get straight graded while a Morgan with the lightest of wipes comes back in a body bag. I mean, come on. That's just doing the hobby a disservice.
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Pillar of the Community
United States
3663 Posts |
Definitely details. That one's a swing-and-a-miss. NGC's usually a lot more consistent than this.
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Pillar of the Community
United States
1959 Posts |
You can collect slabs and still "buy the coin". Calm down moxking.
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Pillar of the Community
United States
9792 Posts |
Coin appears to be listed as sme with photo in NGC database. I can't see how it didn't get a details grade either. Then to get a CAC green bean sticker as well? Nuts in my opinion. Buy the coin not the holder really speaks volumes on this coin. https://www.NGCcoin.com/certlookup/3738558-044/30/"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/140440Edited by westcoin
05/08/2020 12:02 pm
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Pillar of the Community
United States
4469 Posts |
This is an old thread, but an explanation could be that the marks on the half dollar were created in the minting process. If the marks are actual PMD scratches the coin is an embarrsement to both NGC and CAC. Below is a 1890 CC that I own with a straight grade and a large mark on the cheek that appears to be created by a planchet flaw. Note the 10X blown up photo of the mark and the die polish lines.   |
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Pillar of the Community
United States
9792 Posts |
I get what you're saying Slider23, but what we are seeing on the bust half is not the same as the planchet flaw on your Morgan dollar. It is a scratch, actually at least two of them and man-made after the coin left the mint, IMO. There is also a small dig behind the liberty's head on the obverse as well. No way this coin should have either a green bean sticker from CAC or be in a non-details holder from any TPG. Yet, it is. Change my mind! "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
4989 Posts |
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Pillar of the Community
United States
3486 Posts |
I wonder what ANACS would grade this coin?
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Replies: 32 / Views: 4,448 |
First Page
Posted 03/24/2018 6:18 pm
