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Keeping a red cent red.



 
 
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  #1  
Old August 18th 09, 04:51 AM posted to rec.collecting.coins
don't look
external usenet poster
 
Posts: 410
Default Keeping a red cent red.

Hey all,
I just recently bought a raw MS64 red Indian cent from my favorite shop.I
suppose, since it is still blazing red, it's color is stable. But, it will
be a drastic change in environment when it gets here to Florida's west coast
from L.I. New York. Do I need to worry about it "turning". And besides
having it slabbed,what is the best way to protect and store it? I'm thinking
I probably will send it for grading,but not for a few months yet anyway.
Thanks


Ads
  #2  
Old August 18th 09, 10:44 AM posted to rec.collecting.coins
Robert Hairgrove
external usenet poster
 
Posts: 11
Default Keeping a red cent red.

don't look wrote:
Hey all,
I just recently bought a raw MS64 red Indian cent from my favorite shop.I
suppose, since it is still blazing red, it's color is stable. But, it will
be a drastic change in environment when it gets here to Florida's west coast
from L.I. New York. Do I need to worry about it "turning". And besides
having it slabbed,what is the best way to protect and store it? I'm thinking
I probably will send it for grading,but not for a few months yet anyway.
Thanks



Plastic slabs will protect the coin from mechanical damage, but they are
not air-tight. If you don't want/need to have it certified, I would put
it in an air-tite capsule. Ziplock bags are also supposed to be
chemically inert (after all, we put food in them).
  #4  
Old August 19th 09, 03:39 AM posted to rec.collecting.coins
reality
external usenet poster
 
Posts: 349
Default Keeping a red cent red.

On Aug 18, 5:37*am, "Bruce Remick" wrote:
"don't look" don't wrote in et...

Hey all,
I just recently bought a raw MS64 red Indian cent from my favorite shop..I
suppose, since it is still blazing red, it's color is stable. But, it will
be a drastic change in environment when it gets here to Florida's west
coast
from L.I. New York. Do I need to worry about it "turning". And besides
having it slabbed,what is the best way to protect and store it? I'm
thinking
I probably will send it for grading,but not for a few months yet anyway..
Thanks


I have kept red Indian Head cents away from sunlight in simple 2x2 holders
for over 30 years on the muggy east coast with no appreciable change in the
coins' color.


Although I have a few examples of what you are describing, I think
"red cents" are the most unstable and risky investments that I have
ever engaged.

I know they exist as I have some examples, but frankly, I'm scared of
them. I know that by my posession of them that some have survived,
although at a high price these days, but does anyone have a reasonably
priced true solution to their future preservation?

That is, without some unproved PCGS drivel?
  #5  
Old August 19th 09, 03:57 AM posted to rec.collecting.coins
Bruce Remick
external usenet poster
 
Posts: 3,391
Default Keeping a red cent red.


"Reality" wrote in message
...
On Aug 18, 5:37 am, "Bruce Remick" wrote:
"don't look" don't wrote in
et...

Hey all,
I just recently bought a raw MS64 red Indian cent from my favorite
shop.I
suppose, since it is still blazing red, it's color is stable. But, it
will
be a drastic change in environment when it gets here to Florida's west
coast
from L.I. New York. Do I need to worry about it "turning". And besides
having it slabbed,what is the best way to protect and store it? I'm
thinking
I probably will send it for grading,but not for a few months yet anyway.
Thanks


I have kept red Indian Head cents away from sunlight in simple 2x2 holders
for over 30 years on the muggy east coast with no appreciable change in
the
coins' color.


Although I have a few examples of what you are describing, I think
"red cents" are the most unstable and risky investments that I have
ever engaged.

I know they exist as I have some examples, but frankly, I'm scared of
them. I know that by my posession of them that some have survived,
although at a high price these days, but does anyone have a reasonably
priced true solution to their future preservation?

That is, without some unproved PCGS drivel?
________________

I agree with your observations. In a Florida atmosphere, I would expect a
lot of raw "red" coppers will develop carbon spots over the years. Some of
mine have, even though the color remains. My best preserved ones have been
half rolls of BU Lincolns back through the 1940's kept in screw-top tubes
for thirty years that still look like the day they were minted. But all
things considered, I too, would be reluctant to invest long term in BU red
copper.





  #6  
Old August 19th 09, 11:42 AM posted to rec.collecting.coins
Ira
external usenet poster
 
Posts: 550
Default Keeping a red cent red.

On Aug 18, 10:39*pm, Reality wrote:
On Aug 18, 5:37*am, "Bruce Remick" wrote:



"don't look" don't wrote in et...


Hey all,
I just recently bought a raw MS64 red Indian cent from my favorite shop.I
suppose, since it is still blazing red, it's color is stable. But, it will
be a drastic change in environment when it gets here to Florida's west
coast
from L.I. New York. Do I need to worry about it "turning". And besides
having it slabbed,what is the best way to protect and store it? I'm
thinking
I probably will send it for grading,but not for a few months yet anyway.
Thanks


I have kept red Indian Head cents away from sunlight in simple 2x2 holders
for over 30 years on the muggy east coast with no appreciable change in the
coins' color.


Although I have a few examples of what you are describing, I think
"red cents" are the most unstable and risky investments that I have
ever engaged.

I know they exist as I have some examples, but frankly, I'm scared of
them. *I know that by my posession of them that some have survived,
although at a high price these days, but does anyone have a reasonably
priced true solution to their future preservation?

That is, without some unproved PCGS drivel?


Sure. Use Intercept Shileld boxes and inserts. They will protect the
coin for at least ten years and probably 15, and the list price is
about $15 for a slab box for ten coins. It's a two part system that
has a thin foil sheet of pure copper in the small inner capsules as
well as the box that holds the ten capsules. All slabs will fit in
these capsules. The copper is sacrificial and it intercepts not only
high humidity but sulfur and chemical gases in the storage
environment. Museums have used this Lucent technology for years. Every
coin in my collection has such protections. I'll hve to change them
out for fresh boxes in about tw more year, a real pain. It's worth the
trouble. There have been no color changes or spotting in eight years.

One caveat. If the coin, in a slab or not, has been recolored, the
surface has been made chemically active, and Intercept Shield will not
protect against color change in those instances.

Ira
  #7  
Old August 19th 09, 05:19 PM posted to rec.collecting.coins
don't look
external usenet poster
 
Posts: 410
Default Keeping a red cent red.


"Ira" wrote in message
...
On Aug 18, 10:39 pm, Reality wrote:
On Aug 18, 5:37 am, "Bruce Remick" wrote:



"don't look" don't wrote in

et...

Hey all,
I just recently bought a raw MS64 red Indian cent from my favorite

shop.I
suppose, since it is still blazing red, it's color is stable. But, it

will
be a drastic change in environment when it gets here to Florida's west
coast
from L.I. New York. Do I need to worry about it "turning". And besides
having it slabbed,what is the best way to protect and store it? I'm
thinking
I probably will send it for grading,but not for a few months yet

anyway.
Thanks


I have kept red Indian Head cents away from sunlight in simple 2x2

holders
for over 30 years on the muggy east coast with no appreciable change in

the
coins' color.


Although I have a few examples of what you are describing, I think
"red cents" are the most unstable and risky investments that I have
ever engaged.

I know they exist as I have some examples, but frankly, I'm scared of
them. I know that by my posession of them that some have survived,
although at a high price these days, but does anyone have a reasonably
priced true solution to their future preservation?

That is, without some unproved PCGS drivel?


Sure. Use Intercept Shileld boxes and inserts. They will protect the
coin for at least ten years and probably 15, and the list price is
about $15 for a slab box for ten coins. It's a two part system that
has a thin foil sheet of pure copper in the small inner capsules as
well as the box that holds the ten capsules. All slabs will fit in
these capsules. The copper is sacrificial and it intercepts not only
high humidity but sulfur and chemical gases in the storage
environment. Museums have used this Lucent technology for years. Every
coin in my collection has such protections. I'll hve to change them
out for fresh boxes in about tw more year, a real pain. It's worth the
trouble. There have been no color changes or spotting in eight years.

One caveat. If the coin, in a slab or not, has been recolored, the
surface has been made chemically active, and Intercept Shield will not
protect against color change in those instances.

Ira

Thanks everyone,
The intercept idea is a good one.
I have heard that NGC has a color guarantee when the coin is slabbed by
them. I'm 99% sure the coin is not recolored.


  #8  
Old August 19th 09, 07:54 PM posted to rec.collecting.coins
Ira
external usenet poster
 
Posts: 550
Default Keeping a red cent red.

On Aug 19, 12:19*pm, "don't look" don't wrote:
"Ira" wrote in message

...
On Aug 18, 10:39 pm, Reality wrote: On Aug 18, 5:37 am, "Bruce Remick" wrote:

"don't look" don't wrote in


et...







Hey all,
I just recently bought a raw MS64 red Indian cent from my favorite

shop.I
suppose, since it is still blazing red, it's color is stable. But, it

will
be a drastic change in environment when it gets here to Florida's west
coast
from L.I. New York. Do I need to worry about it "turning". And besides
having it slabbed,what is the best way to protect and store it? I'm
thinking
I probably will send it for grading,but not for a few months yet

anyway.
Thanks


I have kept red Indian Head cents away from sunlight in simple 2x2

holders
for over 30 years on the muggy east coast with no appreciable change in

the
coins' color.


Although I have a few examples of what you are describing, I think
"red cents" are the most unstable and risky investments that I have
ever engaged.


I know they exist as I have some examples, but frankly, I'm scared of
them. I know that by my posession of them that some have survived,
although at a high price these days, but does anyone have a reasonably
priced true solution to their future preservation?


That is, without some unproved PCGS drivel?


Sure. Use Intercept Shileld boxes and inserts. They will protect the
coin for at least ten years and probably 15, and the list price is
about $15 for a slab box for ten coins. It's a two part system that
has a thin foil sheet of pure copper in the small inner capsules as
well as the box that holds the ten capsules. All slabs will fit in
these capsules. The copper is sacrificial and it intercepts not only
high humidity but sulfur and chemical gases in the storage
environment. Museums have used this Lucent technology for years. Every
coin in my collection has such protections. I'll hve to change them
out for fresh boxes in about tw more year, a real pain. It's worth the
trouble. There have been no color changes or spotting in eight years.

One caveat. If the coin, in a slab or not, has been recolored, the
surface has been made chemically active, and Intercept Shield will not
protect against color change in those instances.

Ira

Thanks everyone,
The intercept idea is a good one.
I have heard that NGC has a color guarantee when the coin is slabbed by
them. I'm 99% sure the coin is not recolored.


NGC has a color gurantee on copper coins slabbed recently in holders
which show a dark gray band on all sides of slab. Guarantee is ten
years from date of slabbing. I won't comment on whether the guarantee
is generally honored in the real world. PCGS has a grade and color
guarantee since their inception in 1986. I have used their guarantee
many times over the years and they have always come through. Nuff
said.

Ira
  #9  
Old August 20th 09, 10:10 PM posted to rec.collecting.coins
mazorj
external usenet poster
 
Posts: 1,169
Default Keeping a red cent red.


"Ira" wrote in message
...

NGC has a color gurantee on copper coins slabbed recently in
holders
which show a dark gray band on all sides of slab. Guarantee is ten
years from date of slabbing. I won't comment on whether the guarantee
is generally honored in the real world. PCGS has a grade and color
guarantee since their inception in 1986. I have used their guarantee
many times over the years and they have always come through. Nuff
said.

Ira

How do they "come through" for you? Presumably they can't restore the
coin to its original red condition.


  #10  
Old August 20th 09, 11:03 PM posted to rec.collecting.coins
don't look
external usenet poster
 
Posts: 410
Default Keeping a red cent red.


"mazorj" wrote in message
...

"Ira" wrote in message
...

NGC has a color gurantee on copper coins slabbed recently in
holders
which show a dark gray band on all sides of slab. Guarantee is ten
years from date of slabbing. I won't comment on whether the guarantee
is generally honored in the real world. PCGS has a grade and color
guarantee since their inception in 1986. I have used their guarantee
many times over the years and they have always come through. Nuff
said.

Ira

How do they "come through" for you? Presumably they can't restore the
coin to its original red condition.


I didn't realize PCGS had a color/designation guarantee.I thought it was a
grade guarantee.
I think PCGS guarantee is they will buy the coin at the price of the grade
on the label(if it's regraded lower by them) or they will reimburse the
difference in value between what the label says and what the new designation
is. Correct,Ira?


 




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