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Re: 1983 Proof NO-S Roosevelt Dime...Cu...

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  • Mike Diamond
    I never said it was ethical. But people do it all the time. The grading services don t ask people to tip them off as to damage that may be present. That s
    Message 1 of 2 , Dec 4, 2009
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      I never said it was ethical. But people do it all the time. The grading services don't ask people to tip them off as to damage that may be present. That's really their job.

      As you know, grading services routinely ignore severe post-strike damage on striking and planchet errors. Gouged, scraped, abraded, bent, and crushed coins are often given high mint-stage grades. But proof coins are a different matter altogether.

      --- In errorcoininformationexchange@yahoogroups.com, innff@... wrote:
      >
      > Is that ethical? If the coin is bent, then it is a defect that was
      > accomplished after the strike and therefore not as valuable as a coin that is not
      > bent. Trying to slip it by a grader with a known pre-existing defect in
      > hopes that it will not be caught seems a bit shady.
      >
      > Just my opinion
      >
      > BJ
      >
      >
      > In a message dated 12/4/2009 11:46:22 A.M. Eastern Standard Time,
      > mdia1@... writes:
      >
      >
      >
      >
      > If the coin is warped even to a slight degree, then it's suffering from
      > post-strike damage. There's a first time for everything. However, you may be
      > able to slip a minor imperfection past NGC's graders.
      >
      > --- In _errorcoininformatioerrorcoinierrorcoininferr_
      > (mailto:errorcoininformationexchange@yahoogroups.com) , "C." <petcal@> wrote:
      > >
      > > I'm most likely going to send the coin into NGC for further details
      > grading...since it will be cracked out of the PCGS slab, they will never know
      > of their "bent theory"..... I'm most likely going to send the coin into NGC
      > for further details grading...since it will be cracked out of the PCGS
      > slab, they will never know of their "bent theory".....<WBR>.more will be
      > revealed on this mysterious coin. Lets get I'm most I'm most likely goin I'm most
      > likely going to send the coin into NGC for further details grading
      > > _errorcoininformatioerrorcoinierrorcoininferr_
      > (mailto:errorcoininformationexchange@yahoogroups.com) , "Mike Diamond" <mdia1@> wrote:
      > > >
      > > > A bent coin would indicate a case of post-strike mint damage. That
      > lowers the value of the coin considerably.
      > > >
      > > > --- In _errorcoininformatioerrorcoinierrorcoininferr_
      > (mailto:errorcoininformationexchange@yahoogroups.com) , "C." <petcal@> wrote:
      > > > >
      > > > > I was lucky enough to find a 1983 Proof Set at a coinshop last
      > month, with the rare NO-S mintmark 10 cents.....looking up prices, yes, it was a
      > great day...the coin in higher grades had sold for over $1,000.
      > > > > I cracked it out, and sent it off to PCGS for grading.
      > > > > The big day came...the coin was determined to be GENUINE...NO- The
      > big day came...the coin was determined t The big day came...the coin was
      > determined to be GENUINE...NO-<WBR>S 10 cent...code 98..."tooled or
      > damage".....<WBR>at first, I thought, they thought I had removed the S, as I didn't
      > know what GENUINE meant...no, according to a specialist in their Dept.,
      > after talking to the 3 graders who worked on the coin, someone had left a note
      > that the coin was curved, or, bent, and, they didn't feel safe grading it.
      > I got the coin back, and it was suggested that I crack it out, examine the
      > actual curvature, and, if minor, send it back to PCGS for a "regrade", or,
      > better yet, off to NGC for a DETAI
      > > > > Now, there is a LOT of experience on this website, as far as coin
      > issues are concerned, so, I am curious if:
      > > > > A)...Has anyone ever heard of a bent proof coin before(nobody I know
      > has)
      > > > > B)...If curved, how does this happen in the process.
      > > > > C)...since people with over 300 years of Numasmatic experience say
      > THEY had never heard of such a coin, would this make it, if bent, more, or,
      > less valuable in the error market?
      > > > > My goodness, I found the best cherrypick of my career, and it has
      > caused a Ruckus!
      > > > > Thanks
      > > > > Calvin
      > > > >
      > > >
      > >
      >
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