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What % Does Rim Damage Play In Grading ?

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D's Avatar
Canada
899 Posts
 Posted 08/29/2009  7:15 pm Show Profile   Bookmark this topic Add D to your friends list Get a Link to this Message Number of Subscribers
What factor does rim damage play when a coin is graded For example: If a coin has a grade of MS64 pertaining to the image and surface only but the rim has some nicks, is this going to knock down the grade a notch or two? I have found alot of sites on grading but none that comment on rim or coin edge damage. Example of rim damage as per picture.



What-%-Does-Rim-Damage-Play-In-Grading-?

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Canada
693 Posts
 Posted 08/29/2009  11:03 pm  Show Profile   Bookmark this reply Add coinsrfun to your friends list Get a Link to this Reply
Rim damage had better come into play in grading. In particular an MS Coin. Damage as you show must drop a grade to a maximum of 60. IMO. Perfect strike, beat up rim=60.
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Canada
9866 Posts
 Posted 08/30/2009  12:14 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
MS60 because that is the lowest grade for uncirculated.Due to the rim damage the coin would be sent back in a "body bag"by many grading services.They will not assign a grade to damaged,cleaned,or artificially toned coins.
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Canada
693 Posts
 Posted 08/30/2009  12:28 am  Show Profile   Bookmark this reply Add coinsrfun to your friends list Get a Link to this Reply
American, yes.
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D's Avatar
Canada
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 Posted 08/30/2009  12:45 am  Show Profile   Bookmark this reply Add D to your friends list Get a Link to this Reply
Thanks a bunch guys.....
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Canada
9866 Posts
 Posted 08/30/2009  12:53 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
CCCS will not put damaged coins in their hard slabs,only in soft slabs with the damage noted.I believe ICCS will slab damaged coins with the damage noted.Most collectors would pay more for a nice AU than a damaged MS coin,
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biokemist6's Avatar
United States
12437 Posts
 Posted 08/30/2009  2:08 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
IMO, you cannot ignore the "third side" of the coin and anything wrong with the rim has to affect the grade. If a rim has only minor bumps, the grade should be lowered accordingly. At some point, there will be enough dings or the damage will be so severe that the coin would be considered a "problem" coin. In regards to the coin posted, if the surfaces were indicative of an MS64 coin, I would probably deduct 2-3 points as I see those as relatively minor bumps. The small rim nicks are not so bad(I can tolerate a couple of those especially on a large silver coin) but the dings that displace the metal of the rim and mangle the reeding are the worst
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Canada
166 Posts
 Posted 08/31/2009  8:02 pm  Show Profile   Bookmark this reply Add steve kuznicki to your friends list Get a Link to this Reply
I've seen a 1953 dollar with rim damage this bad (in my opinion) in an ICCS MS65 holder for sale by a major dealer. I wrote and asked him about it saying that it would greatly lower a coin's grade if it were US, but never got a reply.
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Canada
693 Posts
 Posted 09/01/2009  12:11 am  Show Profile   Bookmark this reply Add coinsrfun to your friends list Get a Link to this Reply
Well Steve. Do Not buy ICCS Coins. I have not for 3 years. They are dealer and publisher driven! They/he could care less about numismatics anymore......back in the day ....you bet......but not any more.
Valued Member
Canada
166 Posts
 Posted 09/01/2009  12:18 am  Show Profile   Bookmark this reply Add steve kuznicki to your friends list Get a Link to this Reply
Hi Coinsfun,

So what service do you trust now days?
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adanak44's Avatar
Canada
207 Posts
 Posted 09/01/2009  1:24 pm  Show Profile   Bookmark this reply Add adanak44 to your friends list Get a Link to this Reply
"They are dealer and publisher driven! They/he could care less about numismatics anymore" ?
Buy the coin not the holder.
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Canada
1248 Posts
 Posted 09/02/2009  10:39 am  Show Profile   Bookmark this reply Add hhbkiddo to your friends list Get a Link to this Reply
all depends WHY you are buying the merchandise....
collecting ?
or
selling again?
after all, a ICCS graded coin will sell easier than a coin graded bt another TPG...
Up to recently that holds true.
BUT.. I am sending a lot of coins to CCCS very soon.
amongst them a few I cut out of the ICCS slab to see what happens.
and a few go back to ICCS to be re-graded ( not in the slab to see how they come back. One will go for the 4th time)
HHB
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Canada
693 Posts
 Posted 09/02/2009  11:14 am  Show Profile   Bookmark this reply Add coinsrfun to your friends list Get a Link to this Reply
CCCS is the service I use now.
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