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Coinbuf

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Everything posted by Coinbuf

  1. If the coin has visible marks I would agree with @Fenntucky Mike that it would be a waste of money to resubmit. I don't collect or submit modern coins so I have no specific observations to report, but I can say that I have read complaints on multiple forums of issues similar to yours with the op's claiming that the issue happened while at a TPG. And I do not say this to be mean but if you did not take good clear large photos of the coins prior to submitting it's a case of he said she said.
  2. I don't think it has anything to do with the CAC startup, just coincidence. I think the covid boom is starting to fade, not gone but it has lessened and is putting some pressure on pricing in some areas where some buyers may have "paid up" and are now having a tough time finding a buyer.
  3. Always follow the money, and while I'm sure that CACG is expecting to be a profit center, I also think that JA does consider the collector in overall scheme of his operation, something that I am not sure I can say is true for large companies owned by wall street. One of the reasons that JA has stated he wanted to start a CAC grading service was to cut some of the expense for average collectors. Before CACG you had to send to TPG XYZ, then send to CAC stickering (assuming you want the sticker), CACG is meant to be a one stop shop where you can have your coins graded to the same standards as CAC stickering without the extra shipping costs and risk of loss. I am not at all certain why you would choose to use a MAC sticker in the same breath as a CAC sticker, or even a Grif sticker. MAC has no value in the marketplace except for the suckers that he finds on ebay that don't know any better and pay up for his inferior coins. I know of no serious collector that would give weight or value to a MAC sticker. And while you may not know any collectors who do, there are many collectors that will pass on very high grade and/or expensive coins (like your MS67+* DPL example) without a CAC sticker under the rational that such a coin must have already failed at CAC. If you have a collection of any significant value, it is important to understand there are many collectors who value the holder and/or the sticker more than the coin, like it or not that is the reality of the current coin market especially true for coins in the grades of MS65 or higher. As you move down in grades to lower MS and circulated grades a CAC sticker may be of less value but might result in a faster sale, which has a value in and of itself. No one has to have an interest, but it is wise to understand that even if you have no interest and do not value a sticker or holder there are collectors that do. And because there are many that do; having or not having the sticker can make a big value difference when you or your heirs sell. You may not care now, but someday you might have a different perspective on this, or perhaps your heirs will wish that you had. Something that many who poo-poo the CAC sticker don't realize is just how valuable that sticker can be in helping many collectors to not buy over graded and doctored coins; not everyone has the time or ability to become an expert grader. Perhaps you know how to identify every single doctored coin in a straight graded TPG holder, but you would be a very rare individual as many, myself included, cannot every time. The fact that there are coins with surface issues out in the marketplace is exactly why a second opinion has value. If your doctor told you tomorrow that you were going to die in two weeks from some rare disease, would you just accept that as gospel or would you want a second confirming opinion. I think that most would choose to have a second opinion before they start picking out a casket, CAC is that second opinion.
  4. I would say that my experience is the polar opposite of yours when it comes to CAC. Almost every CAC graded or stickered coin I have and the vast majority of those I have viewed are superior to a high percentage of those of the same grade in other brands or without stickers. And so far, a high percentage of CAC stickered and graded coins have asking prices or realized auction prices that are in excess of standard guide prices. Certainly, anyone can find a few examples of stickered or graded CAC coins that have not outperformed the guides but as an overall those are the outliers not the norm. And I would say that most experienced collectors would indeed be (and are) willing to pay a premium for CAC graded and stickered coins, why do I think that, simple, those coins are so often superior to the vast majority of the usual tired and stale material in the market that continues to circulate between dealers and collectors. Superior coins almost always bring strong prices, that is why CAC stickered coins have performed so well in the past and why CAC graded coins are doing well now. Its the less educated, "bargain" buyers that are not willing to step up and pay for quality.
  5. Welcome to the forum, yes the bottom two fingers do seem odd. This could be due to die chips, insufficient metal flow (perhaps due to a partial die fill) and another slightly less likely possibility is reflection interference from the mint plastic packaging.
  6. If this were a product of the US mint I would say MD 100%. However I am not at all familiar with the minting process in South Africa, so it's quite possible that could be a true DD depending on the processes and equipment used in South Africa.
  7. It appears to be a heavily damaged and harshly cleaned coin, many collectors would not want that in their collection even at that discounted cost. This is just my personal opinion, but I would not pay over $50 (roughly 40 euros), but I live in the US and I do not know the market for items like this where you live. As to the real vs fake question, I do not see any obvious signs of it being a counterfeit, the weight is within tolerance for a circulated coin, and this is not one of the dates/mm's that is commonly seen as a counterfeit.
  8. Very nice coins and a wonderful inheritance gift from your grandfather. As you have been researching you know that all three are common dates so no significant numismatic values over the spot gold values for any of the three. The 1900 double eagle is a melt value only coin due to the jewelry mount damage of $2,050, both of the eagles are high AU to possibly low MS grades (difficult to judge the luster in your photos) so I'd peg the values of those at $1,100 each. Welcome to the forum.
  9. Welcome to the forum, die clashes are not mules, two very different things. Your Lincoln cent shows a very nice and dramatic clash with the reverse columns showing on the obverse.
  10. Your scenario is not part of GAAP (generally accepted accounting practices) as I leaned them. No sale has occurred nor can there be any reasonable expectation of a sale just because a listing has been created. Yes companies are allowed under GAAP to accrue sales, but those are sales that have actually happened but payments will be delayed into a future reporting period. Creating a listing is not a sale, it is a potential sale but not an actual sale, the reason a company can accrue sales is to properly match sales and inventory in the period that they happen. Accruing sales that have not occurred would not be in line with GAAP accounting, at least not as I learned it, and this is especially true of a company like ebay where there is no matching of inventory to sales. Now I received my accounting degree in the late eighties and have not been a practicing accountant for over 25 years, so I am not up on any changes to GAAP so I do admit that it is possible this has been changed as a way to make the income statements look better than they really are and keep the stock price inflated. But I sure hope that is not the case as it would be wrong in my opinion and could be used by management to overstate sales, mislead investors, and lead to unwarranted bonuses for management.
  11. Nice find, I suggest that you soak it in some acetone to see if that obv fingerprint can be removed. Otherwise it will not remain nice for long.
  12. Does not look like a match from your photos, it appears that your coin took a hit on the lower portion of the mintmark. That pushed some metal up, but I do not see any signs at the top of the mint mark of an underlying mint mark to match the one from VV.
  13. As the fellows have said TPG's are not a pay more get better grades. However, you are right to be concerned about an offer that so much higher than the norm. IT could just be that the prospective buyer has been looking for that date for some time and really likes/wants this coin. It could also be that he is a crackout specialist and thinks he can get a higher grade than the current grade. I don't have any specific advice but if you end up selling it to him please update on how it goes. And not to try and scare you but this thread on the CAC forum is relevant to your concern that the buyer might be out to play games. Ebay issue
  14. The mint was not hand punching mintmarks at the time this cent was produced so there is no possibility of an RPM. The zinc core copper coated cents produced from 1982 to current have lots of issues. What you see is just more strike doubling; this happens when one of the dies is loose; combined with some ghosting. The copper plating has been a real pain for the mint and even today there are lots of problems, partly because in the striking process the copper plating stretches and then you get lots of ghosting next to the design elements. So between the ghosting, split plating issues, die deterioration (from overusing the dies and can also create some ghosting), and just plain mechanical doubling the modern cents are a mess.
  15. Always worth more than face value for the silver content, but little to no numismatic value in that condition for common dates.
  16. Worthless strike doubling; AKA mechanical doubling; is all.
  17. Yes I quoted your question, the term "this" is ambiguous, what does "this" refer to? The entire coin, just the steps that is in your photo, your question is anything but clear. Proper communication is necessary for any discussion to take place, ubiquitous terms like this or that may work fine in a face to face discussion where you can be pointing out what you see, that does not work for internet conversation.
  18. Listing items on ebay is free unless you choose to use/add on the promotional listing feature. No fees are charged until the item is sold for normal listings. That is partly why ebay is such a dumping ground for this type of junk, if you had to pay to list there would be less.
  19. As you are new to the forum this section is for registry questions, for questions of a more general nature that you want an official answer from an NGC representative you need to ask your question in the "Ask NCG/NCS" section of the forum. Or alternatively a call to customer service would yield you an answer in just a few minutes. As Mike wrote my understanding is that the mail is opened as received and the clock does not start until your package has been opened and received. If you want the fastest turnaround the best way to do that is to submit at a major show where NGC is doing on site grading for show grading, you will get the grading done in a day or two under that scenario. Welcome to the forum and best of luck on your submission results.
  20. I have no idea what you are seeing in the photo of the rev steps or if that is even relevant to your question. We know many things but nobody here is a mind reader so you need to be clear and describe what you are asking about. I see nothing in your photo but a normal cent with some die deterioration and/or strike doubling. In the past some people have been confused and think that the columns show doubling, that is just part of the design which includes the columns inside the memorial behind the front columns. But again I'm just guessing as you were not specific in your question.
  21. While maybe not quite terminal yet, that dark tone would likely not be considered as eye appealing to many collectors. I agree with Sandon's assessment that the coin appears to have been wiped in the past, between that and the general overall condition, in my opinion this would be a very poor choice to spend the monies for grading.