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1918-D LWC, Back From NGC, Graded!!

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 Posted 04/24/2010  5:44 pm Show Profile   Bookmark this topic Add MeauxSzyslak to your friends list Get a Link to this Message Number of Subscribers
What would cause the obverse and reverse colors to be so different? What would you grade?

1918-D--LWC,--Back-From-NGC,-Graded!!

1918-D--LWC,--Back-From-NGC,-Graded!!
Edited by MeauxSzyslak
06/18/2010 10:14 am
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JimR's Avatar
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1490 Posts
 Posted 04/24/2010  9:58 pm  Show Profile   Bookmark this reply Add JimR to your friends list Get a Link to this Reply
The reverse suffers from a strike emanating from a worn out die.This is common on early D-mint issues.

As for grade there is lots of luster present and I think this is an MS coin.

This will be a learning post for me as well so I am looking forward to seeing what some of the experts have to say.

Edited by JimR
04/24/2010 9:59 pm
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cwb1877's Avatar
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1659 Posts
 Posted 04/25/2010  01:23 am  Show Profile   Bookmark this reply Add cwb1877 to your friends list Get a Link to this Reply
"What would cause the obverse and reverse colors to be so different?"

My guess would be that this coin spent a lot of time as an end coin in a roll. The reverse was facing out and therefore more exposed to the elements causing it to turn completely brown while the obverse was relatively protected. Of course, this is only speculation.

As far as grade...it certainly looks MS to me. I would grade it MS63RB. I think there is enough red left that it would earn a RB designation.
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j_h_s's Avatar
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1934 Posts
 Posted 04/25/2010  07:46 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
Using one standard:

MS 63 - This is the grade that many collectors feel is the most collectible in numismatics. Prices are typically reasonable compared to higher grades and the coin should have at least an average strike and eye appeal, with minimal distracting marks.

challenges a 63 on this coin because I see a scratch on the obverse and surface wear on the reverse as well as bag marks on the coin.

Then again, I'm known to be a little rigid and I'm known to be wrong from time to time.

Who me? Yes me !




Edited by j_h_s
04/25/2010 07:48 am
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 Posted 04/25/2010  09:38 am  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
First the obverse:

Technically, I don't see anything that would take this coin out of MS. Both the Denver and Philly mints turned out a lot of rather poor coins in 1918 and this one is typical. A somewhat soft strike with a (MDS) die moving to (LDS). The date is much worse thatn the rest of the obverse devises and I am guessing this is from over polishing. Will be interested to see what others think. A typical RB coin without without distracting marks in the primary focal areas. Subtracting for strike and eye appeal I would go MS-61.

Second, the reverse:

This is a very late die state with letters flowing to the rim and signs of heavy polishing, the "E" in E pluribus and the right wheat shock". There are moderate marks in the primary focal area on this coin that need to be subtracted for. Two on the "O" in cent (the lower cluster of nicks I am grading as 1 mark), 1 on the "N" and 1 on the "T" in states. I am also subtracting 1 pt for the carbon spots primarily because of the large one next to the "N". Being a circulation strike with a less than perfect strike, start at 64 and you can easily subtract 4 for marks and spots, one for eye appeal and 2 for surface condition.

The question is, is there wear? I think I can see enough signs of wear in the n in cents to move this coin to AU. With the above subtractions AU-57.

For the overall coin I would go AU-58

Jim
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United States
84 Posts
 Posted 04/25/2010  10:00 am  Show Profile   Bookmark this reply Add MeauxSzyslak to your friends list Get a Link to this Reply
Thanks all, this is some great information, detailed and thorough I really appreciate it! This is all a learning experience for me as well. I paid $12 for the coin, I guess I did okay?
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BadThad's Avatar
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19949 Posts
 Posted 04/25/2010  11:41 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
WOW! Ultra cool coin!

This is an end-roll coin for sure. I would love to see the luster on it, I can tell it has luster, but not if it cartwheels. Does it? IMO this is an MS coin. I think it'd go MS-62. These max out around MS-64 so it's a VERY high grade for the issue....definate conditional rarity at 62.

My only concern is the light film of verdigris on the reverse around the bottom of the right stalk. This coin would be an ideal candidate for VERDI-CARE™. It would definately help the reverse and stop the corrosion. At minimum, get this coin into an AirTite because it's worth about $100-140 or so IMO....especially if it cartwheels!
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 Posted 04/26/2010  11:07 am  Show Profile   Bookmark this reply Add MeauxSzyslak to your friends list Get a Link to this Reply
Here are a few more pictures I think may be better than the first and I tried taking one with a loupe against the lens. Is this a coin that should be considered for a grade from a TPG?

1918-D--LWC,--Back-From-NGC,-Graded!!

1918-D--LWC,--Back-From-NGC,-Graded!!

1918-D--LWC,--Back-From-NGC,-Graded!!
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BadThad's Avatar
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 Posted 04/26/2010  7:08 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
These are pretty rare in MS. It's probably worth getting slabbed if you can do it at a reasonable price. My dealer does NGC for me for only $25 per coin. At that price I'd definately slab it.

Does it have cartwheel luster at all?
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 Posted 04/26/2010  7:39 pm  Show Profile   Bookmark this reply Add MeauxSzyslak to your friends list Get a Link to this Reply
By cartwheel luster, do you mean the shine kind of rolls across the coin when you move it? If so, yes it does. I have a couple of dealers locally, I'll check with them and see if they do anything with the TPG's.
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Adam_E's Avatar
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 Posted 04/26/2010  7:43 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
look at the ware in the wheat stalks, does that really make MS?
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 Posted 04/26/2010  8:31 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
Lafaa, The 1918, 1919 and 1920 Lincolns, from the Denver and Philly mints were pretty bad and a good example in MS can be very hard to find. The reverse die on this coin should have been canned long ago and is in a VERY late die state (LDS). Besides die abrasion from use there appears to be some heavy die polishing as evident by the date the the right wheat ear esp. If a fact,that this coin came from the mint that way and no matter the condition of the die, it could well go MS. BadThad and I are close on grade and the new pics are moving me in his direction. I would love to see this coin go to a quality TPG.
Jim
Edited by Jim1953
04/27/2010 09:58 am
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BadThad's Avatar
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 Posted 04/26/2010  9:57 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
By cartwheel luster, do you mean the shine kind of rolls across the coin when you move it? If so, yes it does. I have a couple of dealers locally, I'll check with them and see if they do anything with the TPG's.


No, not a shine, cartwheeling is different.

1) Hold the coin near a strong light source, i.e. desk lamp.
2) Grasp by the north/south edges
3) Tilt the coin north and south

If it cartwheels, you'll see what kind of looks like spokes on a wheel moving around the coin. It's like a moving band of reflected light moving around the center of the coin. It sort of looks as if someone very tiny was standing in the middle of the coin with a flash light in each hand doing circles....best I can describe it.
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BadThad's Avatar
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 Posted 04/26/2010  10:01 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
look at the ware in the wheat stalks, does that really make MS?


Like Jim said, there's no wear on the coin. The reverse dies were WAY over-used by the mint. All the use and polishing removed features. Interestingly, the coin is well-struck, you can see that by looking how well the devices were raised....but that reverse die should have been tossed long before this coin was made.
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 Posted 04/26/2010  10:03 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
well, I learned something new today!!
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 Posted 04/27/2010  10:05 am  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
What do you get with a great imagination combined with a succinct description:

Quote:

"someone very tiny was standing in the middle of the coin with a flashlight in each hand doing circles"

I do not think I could have ever come up with that, Thad, but it is accurate!

Jim
Edited by Jim1953
04/27/2010 10:05 am
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