Coin Awed Posted June 10 Share Posted June 10 (edited) Greetings If those of you with expertise could please shed some light on this question, it would be appreciated. How would the rim ding on this coin impact its grading? Would it be accorded the grading “Details”? Thank you for your comments. Edited June 10 by Coin Awed Clarification Henri Charriere 1 Link to comment Share on other sites More sharing options...
Mike Meenderink Posted June 10 Share Posted June 10 To answer your question, yes. The rim damage is beyond a simple coin contact mark or bag mark. The coin would grade AU Details Rim Damaged. Cheers! Link to comment Share on other sites More sharing options...
numisport Posted June 10 Share Posted June 10 If it were a flawed planchet that's a different story. A rim ding would show displaced metal upon close inspection. I think it likely is a ding though its hard to tell from the image. The other tell tale sign to me is that if it is gradable it surely has been submitted by now and likely turned down or removed from it's holder. Link to comment Share on other sites More sharing options...
Coinbuf Posted June 10 Share Posted June 10 Rim damage is a tough call, I've seen many worse that straight graded and many with slighter damage that were bagged or details graded. If I were betting on the outcome I would say it will get a details grade, but I would not be surprised if it straight graded too. CIII and Mike Meenderink 2 Link to comment Share on other sites More sharing options...
Coin Awed Posted June 10 Author Share Posted June 10 This coin has never been graded…it was bought in the 1970’s and part of an inheritance. Should I submit it for grading even if there’s a high risk it comes back “detailed”? Link to comment Share on other sites More sharing options...
USAuPzlBxBob Posted June 10 Share Posted June 10 I have an 1839 $2.5 that has a rim ding, just one side, like your coin, but on the reverse side. MS 61 With the new holders, I can now conceal it behind a prong. Henri Charriere and Mike Meenderink 2 Link to comment Share on other sites More sharing options...
USAuPzlBxBob Posted June 11 Share Posted June 11 Here's the way the coin used to look… And after edge tapping… I could have over edge-tapped the coin to completely obscure the rim ding, but I didn't want to be disingenuous, and the front portrait looks so good, now. Henri Charriere 1 Link to comment Share on other sites More sharing options...
Coin Awed Posted June 11 Author Share Posted June 11 Thanks for posting this. My ding seems to be a little bigger, but it does give me some hope that the coin might receive a straight grade. USAuPzlBxBob 1 Link to comment Share on other sites More sharing options...
Coinbuf Posted June 11 Share Posted June 11 (edited) On 6/10/2024 at 12:57 PM, Coin Awed said: This coin has never been graded…it was bought in the 1970’s and part of an inheritance. Should I submit it for grading even if there’s a high risk it comes back “detailed”? I can only speak for myself, but when this question gets asked here, and it does get asked often; my reply is what do you want to do with the coin. If your goal is to sell in the very near future, then yes having the coin graded could be beneficial. However, if you are going to hold the coin then there is no real benefit to spending money on grading at this time. Edited June 11 by Coinbuf Link to comment Share on other sites More sharing options...
Coin Awed Posted June 11 Author Share Posted June 11 Thank you for your comment. I plan to hold onto my coins as long as possible, until the time comes (if it comes) when I really need to sell. So the grading might come at some point in the indeterminate future. The grading process seems like it can be costly, risky (?), and a bit of a hassle. I understand auction houses can take care of that for you if you consign coins to them, but they deduct that expense from sales profit as part of their fee. Link to comment Share on other sites More sharing options...
Coinbuf Posted June 11 Share Posted June 11 On 6/11/2024 at 2:44 PM, Coin Awed said: Thank you for your comment. I plan to hold onto my coins as long as possible, until the time comes (if it comes) when I really need to sell. So the grading might come at some point in the indeterminate future. The grading process seems like it can be costly, risky (?), and a bit of a hassle. I understand auction houses can take care of that for you if you consign coins to them, but they deduct that expense from sales profit as part of their fee. There are some ways to mitigate some of the risks. Loss during shipping is one of the biggest risks, so when you decide to have it and/or others graded try and see if there is a large coin show near you. At many of the major shows either NGC or PCGS (or both) may offer on site grading, this is more costly than sending to the TPG but you will get the coin graded and back to you in just a couple of days and you have no risk of loss during shipping. If that is not an option then shipping with private insurance is a very smart choice. Nothing says steal me to a postal employee like a package with $10K worth of insurance on the label. And always double box any coins of value or personal significance, the extra couple of dollars is money well spent. Link to comment Share on other sites More sharing options...
Just Bob Posted June 11 Share Posted June 11 On 6/11/2024 at 11:27 AM, Coin Awed said: My ding seems to be a little bigger You may want to keep that to yourself. We get a bunch of guys comparing the size of their dings, this could get ugly real quick. Fenntucky Mike and USAuPzlBxBob 2 Link to comment Share on other sites More sharing options...
Henri Charriere Posted June 13 Share Posted June 13 On 6/11/2024 at 6:46 PM, Just Bob said: You may want to keep that to yourself. We get a bunch of guys comparing the size of their dings, this could get ugly real quick. I've got a large dong, but it's Vietnamese. I guess it doesn't count. 🤣 zadok 1 Link to comment Share on other sites More sharing options...
