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Copper Grading Question (Lincolns)

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 Posted 05/17/2010  3:47 pm Show Profile   Bookmark this topic Add Jim1953 to your friends list Get a Link to this Message Number of Subscribers
Probably the wrong forum but will start it here.

Everything I understand says that there is a deduction for MS coins without or lacking full luster. What does that mean for a coin graded by a TPG as MS - RD when the coin finally gives up and fades to brown which is apparently inevitable. Would that take a coin graded MS-65 Rd and change the grade to something like MS-63 Rd/Bn and then MS-60 BN as it fades?

Jim
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biokemist6's Avatar
United States
12437 Posts
 Posted 05/17/2010  4:30 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Color is independent of luster- color is a property of the metal being struck while luster is a function of the process of striking a coin. The cold flow process that occurs when the planchet spreads out and fills the dies is what creates the radial flow lines that reflect light in a specific way as to create the shine of luster.

Color should not affect the technical grade of a coin. An MS65 will always be a 65 regardless of whether it is RD, RB, or BN. Gem grades have more to do with the special care a coin receives through the years. Think about it- it is very difficult for a coin to achieve a grade of MS66+ unless that coin was cherished and protected by multiple owners over the years. Because of that special care, a copper coin would be more likely to be in a neutral environment that would keep it from toning/patinating.
Edited by biokemist6
05/17/2010 4:45 pm
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steve199's Avatar
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 Posted 05/17/2010  4:38 pm  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply
Jim, the grade would change from MS65RD to MS65RB to MS65BN. There are coins graded by TGP's to be MS67 Brown.

You do have me wondering if an MS68 or MS69 Red coin would maintain that high a grade as it changed color.
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 Posted 05/17/2010  10:19 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
Guys,
I agree that you can have a red coin with deminished or no luster, I guess, but I have never seen a brown coin with luster. Part of the grading process by my books is adding or subtracting for luster. so, a MS graded voin should have been considered for luster and when that is gone would not the grade change?
Jim
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BadThad's Avatar
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19935 Posts
 Posted 05/17/2010  11:07 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Excellent answers so far!

Jim, a brown coin can still have luster. Especially on an MS coin. I've seen MANY brown coins that cartwheel strongly. I just sold that 1909 to Dave, it had TONS of luster under the brown.

There's no point deduction for a brown coin, it's just labeled as BN. However, there is definately deduction for impaired or no luster. In my experience, graders are more sensitive to luster than any other factor. A blazing coin will receive a higher grade based on how bright it is, then the other factors come into play. Luster/Eye Appeal are NUMBER ONE in a graders eyes.
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j_h_s's Avatar
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1934 Posts
 Posted 05/18/2010  09:57 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
if you look at PCGS's pricing website, you'll see they include varying prices for RD, RB, BN up into the MSs, particularly up into MS 66.
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 Posted 05/18/2010  10:36 am  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
I guess where I am going with this and from the posts I think I know the answer is; if a coin in a big three TPG slab is graded MS-65 RD and has started to turn color to RD/BN or BN, if regraded it would retain the same grade and be assigned an appropriate color designation, in theory.

Correct?
Jim
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steve199's Avatar
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1882 Posts
 Posted 05/18/2010  10:43 am  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply
In theory, correct.

If you submit a coin back immediately (same color, same condition), it might receive a different grade. But that is another subject altogether.
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