Rim Nicks

Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for rim
nicks being commensurate with the grade. Have a look:

http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'

[Default] On Sat, 20 May 2006 13:02:04 GMT, "Amistad"
climbed to the top of the minaret and
sang out:

Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for rim
nicks being commensurate with the grade. Have a look:

http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'


I would say nicks are acceptable on an AG coin (and those coins are
definitely AG at best, especially the reverses.

"Amistad" wrote in message
...
Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for rim
nicks being commensurate with the grade. Have a look:

http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'

In my view, rim nicks are not acceptable on coins of any grade. Well, maybe
I could tolerate a rim nick on an R-5 or scarcer coin. Anyway, who knows at
what point the coin acquired the damage? It could have happened on its
first trip from bag into daylight. Saying that a rim issue or any issue
other than wear is consistent with the grade is sales hype. While it is
true that the longer a coin stays in circulation, the more exposure it has
to damage, you can find plenty of coins that are real low down, but have no
damage other than wear.

Mr. Jaggers
'thus endeth the lesson for today'

"Amistad" wrote in message
...
Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for rim
nicks being commensurate with the grade. Have a look:


http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'

Holy-moley who's that seller kidding?? Way too much money for those.
Fr2's according to my handy-dandy grading guide w/pics.
An 1892O in a real low grade like that is a $15-$20 coin at best while a
'97S with a PO1 reverse is around $20.
Some people sheesh!

"bri" wrote in message
nk.net...

"Amistad" wrote in message
...
Just now happened across a coin whose description caught my eye. I
can't
say that I previously knew of any coin grading regimen that allows for
rim
nicks being commensurate with the grade. Have a look:



http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'

Holy-moley who's that seller kidding?? Way too much money for those.
Fr2's according to my handy-dandy grading guide w/pics.
An 1892O in a real low grade like that is a $15-$20 coin at best while a
'97S with a PO1 reverse is around $20.
Some people sheesh!

Oh well I tried to get the price down for you. It just never works does it?
;-)
I regards to your original question what you need for a rim nick is one of
those tight fitting 2x2's. Because finding any in that grade that don't have
rim hits is pretty near darn hard.
FWIK the larger the ding the lower the grade drops and a rim hit is worth 4X
damage compared to a similar hit anywhere else except the cheek.

"Amistad" wrote in message
...
Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for rim
nicks being commensurate with the grade. Have a look:

http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'


In the UK a rim nick would have no effect on the grade given but it would be
mentioned separately, e.g. "vf but with rim nick at 9 o'clock on obverse".

This is the only way that a rim nicked coin can be accurately described.
Obviously it would be priced lower than a coin in the same grade with no rim
nick. Billy