| Author |
 Replies: 50 / Views: 4,139 |
|
Pillar of the Community
United States
1130 Posts |
Edited by 1sikevo
08/18/2008 8:18 pm
|
|
|
|
Rest in Peace
United States
9104 Posts |
VG. Detail looks better than it is because of the black stuff, which actually lowers the grade.
|
|
Pillar of the Community
 United States
1130 Posts |
Anyone else wanna give it a shot ? I will reveal the grade(NGC) tonight.
|
|
Pillar of the Community
United States
974 Posts |
I'd say Fine. I don't know much about these either, I just bought my first two last week myself.
|
|
Pillar of the Community
United States
6384 Posts |
I think this coin makes F-12 pretty easily. There is more than half the horn visible, some detail of the bison's back remains, the date is bold, and LIBERTY is essentially separate from the rim.
It might even get F-15 if NGC has a tendency to be a little looser with the key date buffs. Very presentable example of this tough date!
|
|
Bedrock of the Community
United States
12437 Posts |
F15, possibly VF20. This was one of the bad Buffs with many weak strike issues and there is a huge price jump from F to VF so hopefully you got the bump, yours is one of the nicer low grade 26-Ss that I saw when compared to others at Heritage  |
|
Pillar of the Community
United States
3234 Posts |
|
|
Pillar of the Community
United States
1130 Posts |
Biokemist came closest...  |
|
Rest in Peace
United States
5375 Posts |
Whoever bought that presuming a lower grade and had it slabbed probably made quite a bit of money, haha.
|
|
Rest in Peace
United States
9104 Posts |
Just shows you how badly the TPG services overgrade stuff. There's not a serious Buffalo collector in the world who would pay VF money for that. Like the time I had a nice AU58 SL quarter. Showed it to a half dozen big dealers, including two PNG. Every single one said it was a beautiful coin with obvious wear. Sold it to a customer at a near MS price, he sent it to PCGS and got MS63. He had to sell it to a no-peek buyer, but there was no way he was gonna keep it instead of buying a real MS63. |
|
Pillar of the Community
United States
1130 Posts |
I've been doing some research on HA on previous 1926-S VF20s from both NGC and PCGS and this coin is consistent with the others. Most nickels from San Francisco during that time period were notoriously weakly struck, thus being mistaken for wear. Here is an example:   |
|
Rest in Peace
United States
9104 Posts |
So rather than admit that some coins were only struck in VF, they put a VF grade on a coin with VG details. Then when you put together a matched set of VF Buffalos, they all have horns except the 26s.
That, and an 1804 dollar keeps getting better with age, because every time it's regraded it has a higher grade. But that's OK, because it's market graading, and it's worth more each time.
At least this coin is the color of a nickel.
|
|
Pillar of the Community
United States
1130 Posts |
Biggfredd - I think that proper grading should account for weak strikes. Look at the Lincoln 22-D (plain). They are weakly struck and the letters are mushy. You can't use the same criteria to judge a 22-D to, lets say a 1909-P. Same thing with Morgan dollars struck in New Orleans. |
|
Rest in Peace
United States
9104 Posts |
That's the easy way out. I say you grade by the rules, and price by the rarity. Of course, that would require learning which coins carry a premium because they are normally poorly struck. Then if a fully struck coin shows up, you don't have to grade it MS80 because you've been giving MS70 to VF coins.
|
|
Valued Member
United States
226 Posts |
Additional skills and experience are required when grading coins that are often weakly struck ( Buffalo nickels, New Orleans Morgans, etc...)and therefore are very misunderstood. To a true conniseur of Buffalo nickels the hunt for a well struck 21S, 26S, etc... is part of the fun. Knowing the difference between weak strike and wear can also prevent you from getting burned. I feel that weakly struck coins should not be down graded, but coins with nice strikes in a series that is notorious for weak strikes should carry a premium. PCGS & NGC graded the above coins correctly IMO. |
|
Pillar of the Community
United States
7123 Posts |
I tend to agree somewhat with Fred here , a coin that has obviously circulated should no longer be alloted the weak strike tolerance when being graded .
I can see the weak strike playing a part in the grading of a mint state coin and being taken into account for such coins ,but once circulated the coin is just that circulated and there is really no way to rightfully divide the strike from wear .
market grading is a practice that has really hurt the hobby as a whole and put a whole lot of coins in holders that do not truely represent the coins inside them .
to me its no different than a seller of a raw coin elevating the grade by two or three points its deceptive and outside the realm of integrity .
one of the main reason why I do not collect slabbed coins .
|
| |
Replies: 50 / Views: 4,139 |
Posted 08/18/2008 1:09 pm
