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 Replies: 6 / Views: 986 |
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Pillar of the Community
United States
751 Posts |
I now have two coins in my collection with small rim dings and PCGS straight grades. I examined both coins before I bought them, liking the faces and looks of the coins before commiting to them (buying the coins, not the holders), but I am wondering what you all think of these rim dings and how they affected the grading. I have shared both of these coins in the past--one years ago (a 1908 St. Gaudens Double Eagle which graded MS-63) and one last week (an 1849 Coronet Eagle which PCGS called MS-62). The 1908 St Gaudens rim ding is at about 6:30 on the obverse. The 1849 Eagle's rim ding is at about 12:15 on the obverse. It seems the rim descends on to the dentils. I'm not even sure if it's a "rim ding" to be honest. Question 1: Would you prefer coins with more contact marks on the surface, or these which both seem at least quite strong for their grades? Question 2: Is the policy to "net grade" coins with rim dings that are not so offensive/abrasive, and that could be attributed to bag mark damage? Question 3: On the 1849 Eagle, is it even a rim ding? Or was this a striking issue from a failing die that the mint polished aggressively? Note: the 1849 Eagle's rim is WAY harder to photograph, given that the area hides behind the plastic bit that holds the top of the coin in place. Here's the important part--this "rim ding" isn't on the edge of the coin itself--it's only on the coin's surface, tucked against the rim. Here's my hunch--the 1908 St. Gauden's coin should grade MS(65), but the rim ding brought it down to MS(63). The 1849 Eagle I am way less sure about, as it's much less noticeable, other than looking like a tiny dark spot just past 12 o'clock. Do you think the 1849 Eagle would have had a shot at MS(62)+ or MS(63) without the rim ding?          Edited by Adam590
12/11/2024 6:30 pm
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Bedrock of the Community
United States
94367 Posts |
Every answer to your speculative questions would be a speculative answer with no end in sight, so you guys run with it.
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Bedrock of the Community
United States
11880 Posts |
On the 1908 no motto, this is a very common coin so I would have been patient, trying to find a coin without that problem. The rim hit is glaringly obvious. If the discount was significant, maybe worth considering.
On the 1849, I can't see the damage so I'm not sure it matters.
Different people will have different tolerance for flaws on coins. For resale, buy the best coin with the fewest flaws that you can afford even if you have to pay up for it is the standard advice that I got from reading David Hall. Sounds right to me.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
6994 Posts |
On the 1908 could that be a flaw in the planchet ? On your 1849 notice the Rim Fin starting @ 10k and traveling to @ 2k makes me wonder if that's a Cud. I'm by NO means educated in these coins (only handled a few) but what I stated is only what came to mind. |
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Pillar of the Community
 United States
751 Posts |
Numismatic Student: Thanks for your insights :). About the 1908 Double Eagle. I thought of this as an MS(65) looking coin available at basically the cost of an ounce of gold. I am sure there are some great MS(63)s out there that don't have such rim dings, but I wondered if they would have that satiny, texture, brilliant luster, and clear surfaces. To me this looked like an MS(65) coin, which made the rim ding tolerable at the price. As for the 1849 Eagle, yeah, it's just past 12 o'clock and it looks like the edge of the coin is melting over the dentils. The actual rim is completely fine on the edge, though. Greasy Fingers: About the 1908 Double Eagle: I am not sure either, although I kind of doubt it. I think it's more likely there is a Cud on the 1849 Eagle--this is an interesting possibility, but given the plastic grip for the coin inside the slab obscuring this part, it's really hard to see what's actually there. |
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Valued Member
United States
345 Posts |
Beautiful coins ... I would like to hear more TPG stories "personal expectation vs. slabbed grade" I continue to "analyze" my own personal results ... sometimes aggravating. Keep up the dialogue for us rookies ! - Thank You |
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Pillar of the Community
United States
3848 Posts |
The 1908s are SUPER common, can't tell you how many I've seen. Look at the PCGS pop reports, it's borderline comical. Never seen a sizable rim ding on any of them since many came from the Wells Fargo Hoard. Wait for a really nice example and buy it! The 1849 has a rim Cud. Has the cracking on both sides and looks exactly like a die chip and Cud should look like. No worries here. Quote:
Question 2: Is the policy to "net grade" coins with rim dings that are not so offensive/abrasive, and that could be attributed to bag mark damage? Surprisingly, rim dings on gold coins are uncommon, so in general, market acceptability drops off a cliff when any sizable ding appears. And many people file away those rim bumps to make the obverse and reverse faces more appealing on first glance. TPGs are really good at catching those rim files. But of course it is a case by case basis regarding market acceptability. Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Replies: 6 / Views: 986 |
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Posted 12/11/2024 6:14 pm
