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Coinbuf

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Everything posted by Coinbuf

  1. I think the coin would be considered as FS but the fingerprints and overall condition reduce the grade enough that I would not consider it a candidate for slabbing; just my opinion.
  2. I do not see any evidence of any strike thru in your photos. It looks like a coin that has been damaged through use nothing more.
  3. Forgetting all the personal bias stuff and getting back to the OP's question. CAC is a service run and owned by John Albanese who started NGC and was one of the initial partners that started PCGS. He started CAC in 2007 for the purpose of identifying coins that in his opinion are in the top of (or undergraded) the grades given to coins graded by NGC and PCGS. He wanted to identify those coins so that when they became available at auctions or private sale he would attempt to purchase those coins; hopefully at or close to wholesale prices; and then resell those coins for a profit. The concept became a huge hit with some dealers and collectors and the end result is that now many if not most slabs that have a green CAC sticker sell for strong money, those with gold stickers (these are the coins he feels re undergraded) sell for crazy money at times. There are many reasons for this, some buyers are not always confident in their grading skills and rely on that sticker as reassurance that the coin they buy is top quality. Also the registries at both NGC and PCGS now include the use of CAC in some form or other and that has added to the demand for CAC approved material Because not everyone can submit to CAC (only dealers, auction houses and some collectors) GC will review your coins and submit any that they feel have a chance of passing at CAC. CAC charges to review each coin and there is the cost to ship, so if you ask for this service some or all of those costs are reflected in your net sales once the coins are auctioned. The idea is that any coins you have that pass will see higher auction prices and will (or might) more than offset the costs to have the coins reviewed. No one is required to use CAC, and as you can see from some replies there are those that are not a fan of the CAC business model. However if you are selling and the coins are extra nice and you do not have them reviewed by CAC you run the risk that your coin might fly under the radar and underperform at auction. Sharp buyers like to buy coins they see as better than average, send those to CAC for the sticker and resell for a nice profit that was left on the table for them. And of course not everything benefits enough to be worth the cost, generic MS62-MS63 Morgan dollars have a very minimal price spread for CAC vs non CAC and may not benefit enough to be worth the costs. Also CAC does not review every coin, most moderns are not, most Jefferson nickels are not, and others that I do not remember off hand.
  4. Welcome to the forum, the NGC staff will need more information to assist you with your inquiry. What set? What coins (some cert numbers)? Not every variety is included in every set, did you review the set you wish to start to verify that the coins you have are part of the set before you began?
  5. You learn to grade by reading books, referencing good sources like that which has been noted in prior posts, and reviewing lots and lots of coins in hand not from photos. Trying to learn grading from ebay or etsy photos will not be the way to learn as those photos are taken in different conditions. You have to hold a coin in your hands and rotate it under a light source to see the luster bands and any potential issues like cleaning hairlines. This just cannot be learned from photos even the really good photos.
  6. Hard to say, under normal conditions I would think a simple clerical error could/should be resolved within 48 hours. Difficult to say when normal will return.
  7. Very nice no doubt the waiting is difficult but it looks to be very worth the wait.
  8. Some very nice recent collection additions everyone.
  9. If you just want to experiment you can but it will not remove the carbon spots or at least not for long, they will come back. And it had better be a very diluted solution of ez-est and distilled water. Even then the chances are you will end up with a pink coin that shouts I've been messed with.
  10. SMS 64, the carbon spots fingerprints and stains really lower the eye appeal.
  11. I cannot tell for certain if this a counterfeit or an environmentally damaged coin. I am not an IHC specialist but some areas on the coin look off which trigger the fake response in my brain, one is the denticles between 11 and 12 o'clock on the obverse. I also do not like the date numerals shape and look. My guess is a fake that has been "weathered" to make it look more real.
  12. I cannot tell from these photos if the coin is MS or lower, it does not look to be a full step coin. As to if it is worth grading depends on what you want to do with it, if your goal is to sell it then from the photos in your op I would say no. If your goal is to place it into a registry set then it may be worth it to you, that will depend on your goals for that set. If your goal is protecting the coin from any damage there are many far less expensive options than slabbing.
  13. Translation; the dealers have maxed out the prices between themselves and now await the pidgins to be plucked at retail + prices.
  14. Yes you do Rick, that is a set that I put on the back burner many years ago and have not even looked at those coins in years.
  15. Yes this ^ This happens when one of the dies becomes loose and when struck the die bounces and creates an off center second image lower in relief than the first which is commonly called MD or machine doubling. The other coin is suffering from a different issue, those dies were used well past their prime and what you see there is die deterioration doubling. Both of these are very common and can be found on hundreds of thousands of coins, neither have any numismatic premium.
  16. Welcome to the forum and the registry. I am assuming that you are referring to the set score, once you have filled a slot in a registry set you can only increase the points score if you add another coin that is higher in grade. adding the same coin over and over does not increase your registry set score. Those duplicate coins will be added to your inventory but you will need to add new coins to fill the other date/mm slots in the set to increase your set score. If you are referring to your collector score that is calculated from the registry points, so again to raise that score you have to raise your registry set scores. Many collectors have multiple examples of one or more coin type/date/mm, but that is not done for registry points but rather because that collector may have liked some attribute of each of the duplicates. An example of this could be that a collector found a particular date/mm coin that while not graded higher by the TPG he may find the coin more pleasing because of something like the color or luster, another reason might be that he is collecting die states of a certain date/mm at a particular grade. There are lots of other possible reasons why a collector may have duplicates in his collection, but none of that has anything to do with registry points. There is no reason to own more than one example of a single date/mm coin for registry purposes. The objective of registry sets is to obtain all the coins (all the dates and mintmarks) that are defined in the registry set, not multiple examples of one date/mm and grade level.
  17. You are correct that the differences are not definitive, but the problem works against really nice business strike coins not the SMS coins. Because the mint quality was so poor when the TPG's get a coin that looks above average that is sent in as a business strike it gets graded as an SMS almost automatically. Check the pops, over 1,800 SMS in 67 compared to 43 MS in 67 here at NGC. It is far more difficult to get a high grade 1965 Lincoln MS coin than it is an SMS, I have no doubt that if you broke up your 1965 SMS set and sent for grading the odds are very high that all would be graded as SMS regardless of what you put on the form