Jun 10, 2012, 11:00 PM
Ok coin experts how about some opinions? NGC isnt very consisitent on 1795 coins!
I kinda feel like I got the shaft. They put improperly cleaned on my coin with AU details ( I didnt clean it, it's dug coin but didnt tell them). Ok I'll give them that but look at this one up for auction right now. They graded it AU58 but the things got scratches all over it! Mine looks much better and the coin dealer is asking a hefty price for it too. Anybody got any opinions? To me looks like NGC isnt very consisient or there's something rotten in Denmark? Here's the link to the coin for sale at the moment. Iv'e included mine too. I'm not blind am I? that high dollar coin looks way worse than mine!
?? The link to view the other coin is right here,so check it out and see what you think.
1795 FLOWING HAIR HALF DIME NGC AU 58 LM-8 R-3 ORIGINAL COIN FROM BOBS COINS | eBay
Last edited by PEles; Jun 10, 2012 at 11:04 PM.
Reason: adding another photo
Jun 11, 2012, 08:11 PM
I have to agree with you. It looks like "Bobs coin" was graded in the dark. Why don't his slab say damaged or scratched ? I would MUCH RATHER own your coin. Look on the bright side.... According to Bob, you have a $25,000 coin
Jun 11, 2012, 09:19 PM
Not only scratched, doesn't appear to have the same detail yours does either
Jun 11, 2012, 09:33 PM
The holder is an older style holder, however even back then this coin should never been graded AU-58. Any collector can see that. This is why you should never purchase a coin based on a grading service grade.
Originally Posted by PEles
Grading services were never perfect or are they now, my opinion is Bobs coins is tryingto sell a coin for a lot more based on a very questionable grade by NGC. I think if it were submitted now, it would likely be grade as scratched or damaged. I also feel it is way overpriced... I hate dealers like that, it gives collectors a bad name because buyers and sells feel they are being cheated... and they are right!
Your coin has much less damage than that coin. Yours was a terrific find of a lifetime. I’ve been MDing for40 years and never dig one. Congrads!
As a collector for just as long, I can understand your thoughts. Today the surface of a coin is critical, if not the most important thing on US mint produced coins. A dug coin surface is changed just from being in the ground; some from soil rubbing it and some from the chemicals in the ground. The surface looks a bit rough.
One other thing I would like to point out, most if not all graders for these services have many years in the industry. They have seen thousands of coins, however, few if any have every dug them up or are familiar with what a dug coin looks like. I would be much happy with an improperly cleaned than with a damaged coin. Almost every one of these early coins were cleaned, collectors of years ago had no problem with it. Few if any were not cleaned.
If you were to sell a collector would most likely purchase the coin on how it looks, not for the grade by NCG, although it provides that it is genuine. Personally, if I were to purchase it, I likely would remove it from the holder, so it would re-tone to give it a better appearance, besides I hate slabs... I always buy by eye appeal. I don’t need someone else to tell me it is an AU-58 I can see that for myself. A coin with eye appeal generally sells better.
Last edited by DirtDodger; Jun 11, 2012 at 09:44 PM.
Jun 12, 2012, 06:16 PM
Thanks bud I appreciate your opinion and for the response
Originally Posted by DirtDodger
Jun 13, 2012, 12:51 PM
I'm probably with the majority of Tnetters......Bobs Coin is for ****.....your coin is great
Jun 19, 2012, 07:51 AM
That's why they say 'Buy the coin, not the slab'
Yours is obviously a much nicer example.
occurences like this is what keep me from submitting any of my coins..
Desire is oft more pleasant than acquisition
Jun 19, 2012, 03:43 PM
You guys have a strange way of looking at things...
"Bob" didnt grade the coin, NGC did. Not sure why he is getting most of the grief here for the holder.
Also, he has a right to price his coins any way he chooses. If his prices are too high, the market will react appropriately. Not sure how this makes him a cheat or dishonest?
Jun 19, 2012, 03:59 PM
From the pics I would much rather own the one in this thread over the ebay one, but I don't really see the issue. The "improperly cleaned" coin obviously has some surface issues under magnification and doesn't mean it's not as good as Bob's coin, but also doesn't mean his should be marked cleaned, or damaged or anything else. Do they even mention aged scratches when they grade? It's all apples and oranges, and a case by case basis. Personally I would have not sent the coin in unless it needed to be proved genuine.
Jul 11, 2012, 01:58 AM
Old silver out of the ground looks a bit "funny" to some pro collectors.
I dug a 1832 half dollar out of the woods and it came out almost as shiny as the day it was dropped. The ground froze and thawed maybe 170+ seasons, and it will produce microscopic scratches that make the coins appear to be "whizzed" or improperly cleaned. If you had told them it was dug, they might have put environmentally damaged on it instead of improperly cleaned.
I took my half dollar to the most reputable local dealer close by, and he immediately accused me of rubbing and cleaning the coin with an abrasive. I said, "yeah dude, it's had 170 years of abrasive cleaning in shallow dirt freeze cycling". "Oh, yeah, it could be that. I didn't expect a coin like that out of the dirt." LOL.
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