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1917 S Buffalo PCGS Grade Suspect?

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numismo's Avatar
United States
3039 Posts
 Posted 06/04/2011  09:05 am Show Profile   Bookmark this topic Add numismo to your friends list Get a Link to this Message Number of Subscribers
How can this Buffalo nickel be graded Fine 12 when LIBERTY is not clear of the rim?
1917-S-Buffalo--PCGS-Grade-Suspect? 1917-S-Buffalo--PCGS-Grade-Suspect?
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biggfredd's Avatar
United States
9104 Posts
 Posted 06/04/2011  10:43 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
market grading is used by TPG. It's another way of saying "standards don't matter", like 13 ounce pounds of kaughy whose yield is measured in 5.5 ounce cups.
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coinguybrian's Avatar
United States
5375 Posts
 Posted 06/04/2011  11:09 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
I agree partly with bigfredd, but will add in that often grading has to be done in a 'general capacity'. One feature not meeting the criteria for a grade doesn't have to be the sole limiting factor. For instance, if LIBERTY is weak on a seated half but the other details are XF...it won't get graded only F-15 limited, but it also won't get graded XF-40. It may get a VF-30. The criteria used for grading generally apply to most coins, but due to striking characteristics, unusual wear patterns, etc. a coin may fail to meet certain criteria while a higher criteria for other things. I'd like to see the whole coin before judging it as improperly graded, but it may be.
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Ca Dreamin's Avatar
United States
149 Posts
 Posted 06/04/2011  11:43 am  Show Profile   Bookmark this reply Add Ca Dreamin to your friends list Get a Link to this Reply
Unfortunately, there has been a general loosining of grading standards in the last 40 years, and the TPG's are just as guilty to blame as anyone else. I think it happens quite a lot with Buffalo nickels-its apopular series, and there are great differences in striking, especially coins minted in the 1920's. As far as the coin you pictured, Liberty is not one of the first areas of focus on the Buffalo nickel, so you really want to take the whole coin into account, including strike, overall eye appeal, luster if applicable, as well as the technical aspects of the grade. My advice would be if there is something about the coin you don't like, or find mildly off-putting, don't buy it, or only buy it at the next lowest grade price. For example, I always tried to buy Buffalos in XF at VF pricing. If you can do that, you made a wise purchase. And don't be afraid to negotiate that with the seller-he or she probably already knows that, and it will also let them know you are an astute buyer-I do it all the time!!
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numismo's Avatar
United States
3039 Posts
 Posted 06/04/2011  2:27 pm  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply
OK, I guess I should have done this initially. Here's the whole coin through the plastic.
1917-S-Buffalo--PCGS-Grade-Suspect?
1917-S-Buffalo--PCGS-Grade-Suspect?
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upstate's Avatar
United States
3283 Posts
 Posted 06/04/2011  4:45 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
I would not have expected F12, but it seems to be the perfect
example of a VG10. Not enough horn for f12. Very nice surfaces though.
So basically I agree with you that it is slightly over graded
but really not by much.
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coinguybrian's Avatar
United States
5375 Posts
 Posted 06/04/2011  7:14 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
It's possible it's a weak strike, but the whole design does look a bit worn for F-12. Horns can be weak or partial even in to the XF range with these.
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