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Grading And Errors

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hockingzig's Avatar
United States
1450 Posts
 Posted 12/22/2008  01:16 am Show Profile   Bookmark this topic Add hockingzig to your friends list Get a Link to this Message Number of Subscribers
How do things like die chips,lamination,die cracks die gouges ,etc. effect a coins grade? The grading standards don't really mention these and they really are things that could be considered"mint state" so how do you adjust grading for these kinds of "blemishes"?
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KurtS's Avatar
United States
5318 Posts
 Posted 12/22/2008  01:50 am  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
I think it depends a lot on the particular coin series, where it's less of an issue with older coins.
For instance, I have an 1857 Flying Eagle cent with a noticeable lamination, but that doesn't seem to affect the slabbed grade (NGC AU55). Any other examples out there?
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hockingzig's Avatar
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1450 Posts
 Posted 12/22/2008  01:59 am  Show Profile   Bookmark this reply Add hockingzig to your friends list Get a Link to this Reply
I have a really nice 1970 s LMC with lamination. I think(I am very raw at grading) it would grade to the MS range but with the lamination I didn't know where to go from there.
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biokemist6's Avatar
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12437 Posts
 Posted 12/22/2008  12:36 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
IMO, any distracting mark- be it Struck Through Grease, larger die chip, lamination, etc- would keep a MS coin out of gem grades(MS65+) but if it is fully MS, then it should fall somewhere between MS60-64 depending on the level of distraction. I would not consider a small die chip or crack to be distracting, i.e. if you need magnification to see it then it is not distracting. If you can see the area of concern at a reasonable viewing distance(1-2ft) then I would say it is a distraction.
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coppercoins's Avatar
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7629 Posts
 Posted 12/25/2008  12:17 am  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
It also depends on who is grading the coin, and whether the grade is for an error or for a normal coin.

If you have a lamination and are grading it as an error, ignore the laminationand grade the rest of the coin. If you're grading it to sell it as a normal coin, the distraction comes into play.

Problem is, most people wouldn't buy a lamination as an error, nor would they buya die crack, Machine Doubling, or other 'non-collectible' oddity as an error.
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biggfredd's Avatar
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9104 Posts
 Posted 02/27/2009  5:41 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I've seen mangled pieces of metal graded ms by the services.
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20753 Posts
 Posted 02/27/2009  6:15 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
Problem is, most people wouldn't buy a lamination as an error, nor would they buya die crack, Machine Doubling, or other 'non-collectible' oddity as an error.


coppercoins, there are exceptions to everything. I know the 1955 poor man's double die is not supposed to be a double die and maybe should not be a big seller, BUT, they sell and sell good. An MS graded poor man's double die sells for well into the $40 range lately.
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biokemist6's Avatar
United States
12437 Posts
 Posted 02/27/2009  6:17 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

Quote:
An MS graded poor man's double die sells for well into the $40 range lately.

ah yes, a fool and his money...
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