Problem Coins Part II posted by JTO

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Checkout the scores for the 1793 Half Cent

 

If the 1796 quarter posed a quandary the 1793 Half Cent is downright insane. Here are the scores for a 1793 Half Cent.

 

Pr G VG F VF 40 45 50 58

4416 5651 5771 5965 6089 6215 6343 6473 6874

 

The coin pictured below garners a whopping 3045 points. That's over 1000 points less than the coin that has been rubs so smooth that you can only tell what it is by the faintest of attributes. Also the difference between the coin in Good-6 and a coin that he is About Uncirculated is only 13%. A couple of the commentators on my previous post I think some that up nicely.

 

1) it is the investors that are driving this insanity

2) be careful what you wish for as you just might get it

 

As long as this sort of nonsense continues we collectors of early rare American coins will benefit. As the investors bid up the Poor problems free coins we will be able to scoop up those miscreant coins at a substantial discount. So really maybe we (the true collectors who are not related to Bill Gates) are better off with the scoring system and the way it is because we can afford to purchase coins with nice details that either have a significant issue or were simply submitted by the wrong person (I see this much more commonly with PCGS than NGC)

 

Thank you for all your comments.

 

By the way the coin pictured I purchased raw from, of all places, Coast Coast coins for a little over $3000 and it graded VF Detail and as I said gave me 3045 points in my type set.

 

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