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#11
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Superb Gem 1909-S VDB PCGS MS-66 RD revised
Ira wrote: BigDog wrote: Ira- about your "why bother" don't you find that you get more $ for pcgs coins than ngc at the same grade? I am still saving to get one of your Ira's best and am still learning. what are your thoughts about the comparison question? Thanks Rick Rick, it depends. If the coin is a cent MS-64 Rd or better, certainly a PCGS graded coin will bring a premium in most cases, and the higher the grade above MS-65, the diffrerences in value can be dramatic. However, with an AU-58 coin that's properly graded, there is usually no significant difference. Ditto for for high end circ Type coins EXCEPT for early coins, 1790's and early 1800's. Then, PCGS graded coins will generally bring more.That's becaus ethe are far stricter, in general, than NGC in grading early material. You'll notice I said PROPERLY graded. If the coin in question had been a lackluster 1955/55 with irregualr, spotchy toning yet still resided in a NGC holder, certainly it would be worth less $$. But in the case of Dave's coin, the grade is accurate. I should know. Ira Ira- Thanks for all the info-like i said i am still learnin and you just cast some pearls out! Your last comment makes me hope that I did not give the impression that I had any doubt about the grade cause new as I am I know you are the MAN especially when it comes to coppers!!!! I hope that you in no way took anything I said as any kind of a 'dis! Again thanks for the knowledge and one of these days i will have a "Ira coin"! Rick |
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#12
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Superb Gem 1909-S VDB PCGS MS-66 RD revised
BigDog wrote: Thanks for all the info-like i said i am still learnin and you just cast some pearls out! Your last comment makes me hope that I did not give the impression that I had any doubt about the grade cause new as I am I know you are the MAN especially when it comes to coppers!!!! I hope that you in no way took anything I said as any kind of a 'dis! Again thanks for the knowledge and one of these days i will have a "Ira coin"! Rick No offense taken. I saw some awful AUs in NGC & PCGS holders at the St. Charles, MO show, but this one was clearly all there, so I bought it for Dave. In fact, I bought a MS-62 BN also in NGC holder that was all there too. I have that one on eBay now. Ira |
#13
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Superb Gem 1909-S VDB PCGS MS-66 RD revised
On 25 Oct 2006 17:13:52 -0700, Ira wrote:
No offense taken. I saw some awful AUs in NGC & PCGS holders at the St. Charles, MO show, but this one was clearly all there, so I bought it for Dave. In fact, I bought a MS-62 BN also in NGC holder that was all there too. I have that one on eBay now. OK, I've got the coin I've bought up on my screen, next to the PGCS AU-58 you had on eBay a week or two ago. To me, the one I got is nicer if for no other reason that it doesn't have those huge impacts on the reverse. If nothing else I'm gaining an understanding of the different AU grades. But - about the PCGS 58 you had, the details on the obverse seem less defined than mine - the lapel lines for instance. But with the impacts and more wear (or weaker strike? I don't know, you've seen them, I haven't) how are they both 58? About the MS-62, are the surface impacts what make it less than a 63? What makes it a 62? Always trying to learn... Dave |
#14
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Superb Gem 1909-S VDB PCGS MS-66 RD revised
Dave Hinz wrote: If nothing else I'm gaining an understanding of the different AU grades. But - about the PCGS 58 you had, the details on the obverse seem less defined than mine - the lapel lines for instance. But with the impacts and more wear (or weaker strike? I don't know, you've seen them, I haven't) how are they both 58? About the MS-62, are the surface impacts what make it less than a 63? What makes it a 62? Always trying to learn... Dave The NGC Ms-62 BN I have on ebay has no trace of wear, visible on Lincoln's checkbone..look carefully with a glass, you'll se it...and has full unbroken underlying luster. Yours has much of the underlying luster, byr not all, as circulation wear removed it. As to the PCGS AU-58, I belive it's the lighting on the coin that makes it appear less worn. The strikes on all 1955 DDOs are the same,at least to the naked eye. Not all coins of the same grade will look alike as you have learned, even from the same grading company. One can be high-end for the grade, one a just made it for the grade, and one solid for the grade. In fact, if yiu had 5 AU-58s of that date or any date in hand, you could rank them in order of desirability quite easily. Ira |
#15
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Superb Gem 1909-S VDB PCGS MS-66 RD revised
On 26 Oct 2006 03:20:31 -0700, Ira wrote:
Dave Hinz wrote: If nothing else I'm gaining an understanding of the different AU grades. Always trying to learn... The NGC Ms-62 BN I have on ebay has no trace of wear, visible on Lincoln's checkbone..look carefully with a glass, you'll se it...and has full unbroken underlying luster. Yours has much of the underlying luster, byr not all, as circulation wear removed it. Ah, so that's the actual evidence of circulation taking it to AU then. As to the PCGS AU-58, I belive it's the lighting on the coin that makes it appear less worn. The strikes on all 1955 DDOs are the same,at least to the naked eye. And I guess we know they all came from the same die. Was this a "end of the year" screwup or what's the story on these? I've searched the web for a narrative of how this happened but they're all very vague, more about the techncal obvious causes than the who/when it happened kind of details. Not all coins of the same grade will look alike as you have learned, even from the same grading company. One can be high-end for the grade, one a just made it for the grade, and one solid for the grade. In fact, if yiu had 5 AU-58s of that date or any date in hand, you could rank them in order of desirability quite easily. I guess that shows the value of having a trusted dealer with experience and exposure to lots of coins pick one out with not just a good technical grade but also nice eye appeal. |
#16
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Superb Gem 1909-S VDB PCGS MS-66 RD revised
Dave Hinz wrote: On 26 Oct 2006 03:20:31 -0700, Ira wrote: Dave Hinz wrote: And I guess we know they all came from the same die. Was this a "end of the year" screwup or what's the story on these? I've searched the web for a narrative of how this happened but they're all very vague, more about the techncal obvious causes than the who/when it happened kind of details. It was Christmas Eve in 1955 and this error was struck on the last shift. The supervisor was called over and the obverse die was removed and shown to him, but all of the last batch of coins had mixed with normal strikes, so the supervisor was stuck with having the entire run of about one million coins scapped for melting and then new ones restruck or letting them go out. He just mixed the coins thoroughly and out they went for bagging as everyone was anxious to go home that night. Ira |
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