Effect of grading flaws

On American gold pieces ($1.00, $2.50, etc), what do you think the
effect of ""Ex-jewelry", "Cleaned", and "Damaged" (when the damage
isn't apparent) on a grade?

Would you drop an AU 50 one level, two levels...?


--


Tony Cooper
Orlando, FL

"Tony Cooper" wrote in message
...
On American gold pieces ($1.00, $2.50, etc), what do you think the
effect of ""Ex-jewelry", "Cleaned", and "Damaged" (when the damage
isn't apparent) on a grade?

Would you drop an AU 50 one level, two levels...?

There's enough never-jewelry, never cleaned, never damaged gold available,
that, unless you're looking at a rare date or type, the grade of gold coins
with problems approaches whatever corresponds to bullion value (market
grading in reverse). That's especially true if one is trying to sell the
items to a dealer. Conversely, there are a few dealers out there who will
have such coins in their cases with the problems not mentioned, but priced
at full retail.

I'm curious, though, how damage can be known about, but not apparent.

Mr. Jaggers

On Thu, 8 Jun 2006 15:05:40 -0500, "Mr. Jaggers"
lugburzman[at]yahoo[dot]com wrote:


"Tony Cooper" wrote in message
.. .
On American gold pieces ($1.00, $2.50, etc), what do you think the
effect of ""Ex-jewelry", "Cleaned", and "Damaged" (when the damage
isn't apparent) on a grade?

Would you drop an AU 50 one level, two levels...?

There's enough never-jewelry, never cleaned, never damaged gold available,
that, unless you're looking at a rare date or type, the grade of gold coins
with problems approaches whatever corresponds to bullion value (market
grading in reverse). That's especially true if one is trying to sell the
items to a dealer. Conversely, there are a few dealers out there who will
have such coins in their cases with the problems not mentioned, but priced
at full retail.

I'm curious, though, how damage can be known about, but not apparent.

Because ANACS graded one AU50 Details - Damaged and one AU55 Details -
Damaged and one EF45 Details - Damaged. Looking at each of the three,
I can't spot the damage.

They'll be offered on eBay with decent pre-slabbed pictures and an
image of the slabbed coins, but I like to set a reasonable opening
price.


--


Tony Cooper
Orlando, FL

"Tony Cooper" wrote in message
...
On Thu, 8 Jun 2006 15:05:40 -0500, "Mr. Jaggers"
lugburzman[at]yahoo[dot]com wrote:


"Tony Cooper" wrote in message
. ..
On American gold pieces ($1.00, $2.50, etc), what do you think the
effect of ""Ex-jewelry", "Cleaned", and "Damaged" (when the damage
isn't apparent) on a grade?

Would you drop an AU 50 one level, two levels...?

There's enough never-jewelry, never cleaned, never damaged gold available,
that, unless you're looking at a rare date or type, the grade of gold
coins
with problems approaches whatever corresponds to bullion value (market
grading in reverse). That's especially true if one is trying to sell the
items to a dealer. Conversely, there are a few dealers out there who will
have such coins in their cases with the problems not mentioned, but priced
at full retail.

I'm curious, though, how damage can be known about, but not apparent.

Because ANACS graded one AU50 Details - Damaged and one AU55 Details -
Damaged and one EF45 Details - Damaged. Looking at each of the three,
I can't spot the damage.

They'll be offered on eBay with decent pre-slabbed pictures and an
image of the slabbed coins, but I like to set a reasonable opening
price.

The "hidden" damage could likely be that the coins were once mounted in a
bezel. Such damage isn't always apparent, as the edge is not visible.

Mr. Jaggers