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In a recent message "Ira Stein" wrote:
[snip] PCGS has market graded the coin, and I used this as an illustration of market grading being a two way street. The coin is dark, and the market likes coins either white, light gray, or nearly so, and will tolerate only lovely rainbow toning near the rims if it's not pure white! Of course, the blueish dark gray toning of the coin shows an untampered piece, but that won't garner a higher point grade. In fact, in detail, the coin is nearly a perfect match for teh VF illustrated in Al Overton's epic book on Bust Halves, and that book was published over 20 years ago! Here's more. The dealer thought he stole the coin in its NGC holder for $50,000, felt confident he could make a fast $10-$12K by getting it graded VF25 by PCGs and at least $4-$5K even if it crossed at VF-20. I bought it from him for $45,000 and sold it for $47,800. Certainly brought very strong money for a Fine, but the coin had the detail of a higher graded piece. Thought the whole deal was kinda interesting and thought I'd share it with y'all. As a UK collector I would have given it as Fine without looking up any grading guide. Just as an interesting aside! -- Tony Clayton Coins of the UK : http://www.coinsoftheuk.info Sent using RISCOS on an Acorn Strong Arm RiscPC .... Children: Pure love contained in soft packages. |
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