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Posts posted by powermad5000
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I have been collecting for 45+ years and I am just starting to get into a higher level of learning. There is always something to learn and don't ever think you finally know all there is to know about collecting coins. There are so many things to read and learn, it can be overwhelming at times. In your shoes, it is important to learn the basic things well. As you had mentioned, shiny and uncirculated are only a basis of quality, not an overall determining factor of value. Before you submit any coin at your level of knowledge, get the NGC Red Book, and also the Official American Numismatic Grading Standards books (the ANA book is in its 7th edition, but you can still find the 6th edition on eBay for less than $!0). Get used to self grading the details of coins, and get used to mintage values as they relate to overall rarity and value. Those two books as starters will give you a good basic overall sense of collecting and values. From there, you can continue to expand your knowledge. As always, reading these forums, and posting your coins with good quality photos along with your question on here will go a long way towards gaining knowledge as said by the others above.
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Thanks for the updated pics!
I will let the others who know more than me tell me I am wrong, but I looked up some examples of a 1985 Lincoln Memorial Reverse and what I notice in those photos is that the strikes were early die stage and that the lettering in the motto was further from the rim than on your example. What I note on your coin is the letters in the motto are closer to the rim than normal, I note the pressure ridge from the strike is pronounced and runs through the letters, and that there is minor mechanical doubling in some letters on your coin suggesting it was struck with late stage dies. All those factors combined can make the metal flow from the strike do things it normally would not in the case of new or early stage dies. My guess is with the position of the strike and the wear of the dies not fully controlling the metal flow, that the top of the S in question "flattened out" making it appear like an upside down 2.
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I agree with the others on this topic and mostly with Coinbuf's statement. On modern proofs, the TPG holder is typically going to cost more than the coin inside it when things are all said and done, sometimes even in the case of a PF 70 UC depending on how many the mint made. Modern proof values are usually static as the mintage number is well known and they are not placed in circulation so it is not hard for a collector to find high quality proof coins in the marketplace.
I will also add in that Sandon's statement is true, but toning or spots can develop on a coin even in the Mint packaging. The process of striking a coin causes a change in the metal of the planchet from the pressure used and there is no way of determining whether or not a specific planchet after being struck will develop toning or spots even in the OGP. It can happen shortly after being packaged or it can develop years after.
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It would be helpful if you posted pics of both sides of the coin so a better evaluation could be made. If we knew the year of this coin, that may be the standard shape used for the S in TRUST the year the coin was made, and I would already be leaning heavily toward that.
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Hello and welcome!
As the others have said, a details grade is for a problem coin. Anything from scratches, cleaning, environmental damage, mechanical damage, whizzing, tooling, wheel marks, rim damage, a bent coin, polished, repairing, holes, physical damage, counterstamps, chopmarks, and just about anything in between that affected the original surface of the coin will get a coin with a details grade. NGC does not assign a numeric grade to a details coin, but rather the general level of the remaining devices. I would not worry about trying to assess yourself a numerical grade to a details coin (unless it is UNC Details or extremely low mintage number coins or rare varieties) as most collectors will pass on details graded coins, and you should expect those that would purchase a details coin to pay at least one to up to three grade levels lower than listed in the price guides. A coin with XF details may only sell at a price in the VG grade level depending on how it is damaged. The more severe the damage, the more visible the damage is to the naked eye, the less someone is going to pay for the coin. A details coin at the G level of the grading spectrum (once again unless it is extremely low mintage) is basically going to end up selling for a price at or below the Poor level in value.
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If the OP has no real interest in these coins, at all, I mean like total zero, assuming the coins are all around low end values and there is nothing outstanding in the collection, he may not want to spend any time trying to evaluate the collection (even though some of us would drool just to go through the whole thing one coin at a time). At least from the few provided photos there does not seem to be any high dollar coins involved. If zero interest in these coins is the OP's decision, I would take them in to a reputable dealer and let them do the work on sorting and inspecting and giving a value to the collection.
I have reservations about my own collection and where it is going to go when I pass. I basically have nobody to pass them down to, at least nobody with interest in coins and one who would sell the whole thing off immediately and buy a stupidly expensive fast car only to wreck the car.
- Rod D., Fenntucky Mike, JT2 and 1 other
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I'm no expert on Lincoln Proofs, but it could always be possible that a matte proof somehow got accidentally put into circulation. I once got a statehood quarter proof in my change at a McDonalds drive through window. Not likely, but not impossible scenario either.
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The OP had simply asked a question about submitting his coin. We could argue all day long about the choice to slab or not to slab. It is a choice. As well as it is a choice to collect only moderns. Or a choice to collect only silver dollars, or gold, or Lincolns, or any combination thereof. There is no "right way" or "wrong way" here (Exception : DONT CLEAN your coins!). The hobby is open to collect what you want, how you want, and how you want to store and display your coins. Arguments can be made for all sides here. Three people looking at the same raw coin are likely to have two to three different opinions on its grade. A buyer is likely to "downgrade" a raw coin to get a better deal just as I have come across sellers who think every coin they have is an MS 70 or PF 70 UC. Basically, collect how you like, store how you like, slab, don't slab, just enjoy collecting coins!
- JT2, CIII, Hoghead515 and 1 other
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IMHO I do not see anything wrong with two coins you have. On the obverses, the placement and shape of the letters and dates all seem to be correct and in the proper places and on the reverses, the lettering also looks to be correct as well as the mintmark shape and position. I do not see the area around the mintmarks disturbed as would be in an altered mintmark. The wear looks appropriate for both sides of both coins and the denticles appear to be appropriate for the wear. Other than they may have been cleaned in the past, I am not seeing any issues with your two coins. I can't see any of the typical counterfeiting mistakes that I have found on this series. I do not know if you have a scale but their weights should be 3.11 grams.
Good picks! I am still working on adding those to my collection if I could only stop getting distracted currently by Morgans and Peace dollars
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Looking again, the lettering in LIBERTY in the shield on the obverse doesn't look right to me either.
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What disturbed me the most upon checking out the coin was that with that level of wear on the reverse (enough to wear the claws smooth, and the wear on the eagles face and wing tips, that the lines in the shield are not starting to blend together. When I looked at the obverse photo, there seems to me to be a lack of overall sharpness of details for an obverse that has a few stars near full definition on the west side. I am not sure if the position of date in varieties had moved closer to either the rim or to the rock, but after checking out a few photos, the dates in the genuine coins I viewed had the numerals placed closer to the rim, and the coin in question has the numerals closer to the rock. The weight might give a better indication of whether it is genuine or not, and why with just shy of 10,000,000 minted and if it were genuine would net about $200-250, but I am still skeptical about the coin in question. If not genuine, then maybe we are seeing another counterfeiting tack, higher mintage number and lower value to cause the buyer to be less suspicious and less likely to examine extremely thoroughly?
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Very vague question.....assuming the same that you are asking about Lincoln Wheat and Lincoln Memorial cents there are a few key varieties spanning that date window. The 1955 DDO being the highest valued, but there is also a 1969 S DDO which can command some premium dollars as it is not easily found. In order to get higher dollar values across that span I agree with Sandon that the grades need to be at the top end of the MS spectrum. Due to high mintage numbers, even MS 66 specimens won't command any huge premiums.
You question could have easily been answered by looking into any book form or online price guides.
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You would have to submit it under the Modern tier. I am not sure they will grade it in the Mint Box as they do with other Mint sealed issues (as in blue chip IKE's, or GSA Morgans). You should call NGC directly to ask that question as I have only seen these graded in typical NGC holders and NGC is not allowed to remove your coin from the original packaging for the risk of getting blamed for damage resulting in doing so. There are three labels that I know of that you can request to be put on the label which are High Relief, Early Release (or First Releases), and First Day of Issue. I am not sure how you go about proving which category it falls under.
I would in your case here call NGC directly and ask their customer service to help guide you through your submission. They are there to help you get the proper way to submit and also get the correct label for your coin.
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The only errors I know of that produce strange surface pits or depressions are a lamination error or a strike through error. I am not sure this falls under those categories. I would lean towards that being a point of damage. IMHO it would get a details grade for damage.
- EagleRJO and portmanson
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Just pondering this for a bit, the letters in AMERICA all seem to be sitting at the same level (height) above the two lines rounding underneath the letters. I would think if there was a die gouge, the letters would be "wavy" in height above the field as the metal flow during the strike would be partially diverted from the letters into the gouge. I could be totally wrong on this. I don't see how in the minting process those curved lines could be a part of the strike as they do not travel across the entire reverse of the coin, so I am leaning towards the original planchet having a defect. Being it is not "too minor" as in some errors not attributed by NGC as a mint error, but there is enough of the reverse image disturbed and is also easily visible to the naked eye, I would definitely submit this coin as a mint error and see what NGC thinks of it.
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In my opinion, none of the numerals appear to be correct. As in the example provided by Sandon of a genuine coin, on an 1877, all the numerals at the bottom are in line with each other except for the last 7 which is slightly below the other three. On your coin, the base of the 1 does not extend far enough away from the 8 to the left. The 8 seems smaller than all the other numerals. the first 7 is higher than all the other numerals, and the position and shape of the last 7 is just terrible. I also see depressions around the two 7's indicating material was removed in this area. Most certainly not genuine.
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VAM-1AE2 is not listed in the NGC variety plus section for a 1921 D, so I don't know how widely recognized it is. I agree with Sandon and believe the coin to have been cleaned. As far as details I would say if submitted the coin would return as AU Details - Cleaned as I can see wear on the hair and the top of the cap on the obverse and parts of the ribbon and eagles breast feathers on the reverse.
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On 2/18/2023 at 7:04 PM, JNelson27 said:
Yikes! What a group. My comment was only for bsshog40... and I thought his response was quoted. Anyway, bye.
With all due respect, making a post on this forum allows everyone to read it. If you wanted to ask a specific person a question, you should PM them. The people on here are extremely knowledgeable. Please do not mistake their opinions as being rude when they are only being straightforward and honest in their assessment. In your shoes, I would appreciate them sharing their knowledge with you on a volunteer basis. Collecting is a forever learning experience as no one person knows all and there is always something new to learn.
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On 2/17/2023 at 1:28 PM, VKurtB said:
The reason I wrote what I did above is that there seems to be a strong contingent of new collectors who have decided that ALL doubling is interesting to them.
What is even worse is this same contingent of new collectors firmly believes all mechanical or die erosion doubling is an error and is worth premium dollars. As well as every minor imperfection, die crack, slightly imperfect strike well within mint tolerance, or chip/stain/spot/cud on modern coins is now a strike error and refuse to be otherwise educated that it is not.
- bobbyboshay and Hoghead515
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For inexpensive coins (as in the common worn Lincoln wheats I pulled from circulation over the years), I have each tube dedicated to a single year. I found that using the old boxes I had that 2x2 flips used to come in make a great storage clam shell.
- JT2, Modwriter and Hoghead515
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On modern coins, the obscene scrutiny by the general public is astounding and every minor imperfection that is well within the US Mint tolerances is now somehow a major error. Based solely on your photos and the lighting, I cannot determine if a ding caused that condition in the lip or something else. If there was a substantial amount of these produced by the mint with the same condition, it would be classified as a variety, NOT an error. Please put the words "mint error" into the search box on the main NGC page and read the three part series published by NGC on what are recognized mint errors.
eBay has thousands of modern coins with all types of minor imperfections that are not recognized by collectors and not worth the premiums being asked by the sellers, while the problem gets worse year after year. I would say this coin falls into the same category IMHO.
- Mr.Bill347, Coinbuf, Hoghead515 and 2 others
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Better photos would help to better answer your question, but from what I can tell in your photos, the coin you have has an unnatural surface to me. Dipped is still cleaned, cleaned is still not good. And any of the reputable TPG's are going to know whether or not a coin has been cleaned. You won't be able to "pull one over" on them. You learned a lesson on the Peace dollar you mentioned. Don't make the same mistake with this coin.
Meaning of "Good Details" on NGC slab
in Newbie Coin Collecting Questions
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If your coin is a rare variety, or very low mintage number, a Details grade might net you the value at the set grade level (Example : 1811 Half Cent Uncirculated Details - Cleaned may/might/could possibly get the base value of an Uncirculated MS60 if the cleaning was not harsh and the coin still has decent eye appeal. This coin has a low mintage value). The problem we are trying to express is that when it comes to a Details coin, the value is only what a buyer is willing to pay for a problem coin and if it is G details, don't expect to get (or pay) G04 or G06 value. The actual 04 or 06 of the remaining details is minutia. XF Details would also not get XF40 or XF45 price that a non problem coin would as once again the actual 40 or 45 is minutia. IF you had a rare variety or low mintage such as the 1893 S Morgan talked about above, XF details MIGHT/MAYBE get you XF pricing but it is only worth what the buyer is willing to pay for it, and every buyer will have a different level set in their mind about the most they are willing to pay for Details graded coins, or why they would want a Details coin in the first place. I would go out on a limb and say hardcore collectors, ones collecting top pop coins or putting together registry sets would not even allow their eyeball to get past the word Details on the label.
OP, maybe you could tell us what the coin in question is and/or provide us with good clear photos of it so we can try to figure out why the exactness of a numeric grade on a details coin is so important in your case.