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About BillJones

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  • Occupation
    Retired Coin Dealer, Author
  • Hobbies
    Numismatics & political tokens, medals and pins
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  1. 1909 vdb matte proof penny

    I have noted the "grainy surface" on many business strike coins for the Mercury Dime, Standing Liberty Quarter and most especially the Walking Liberty Half Dollars. I believe that this was intentional. The artists of the period who designed these coins characterized bright, shiny coins as "garish." I believe that some effort was made to subdue the luster on coins from this era.
  2. 1909 vdb matte proof penny

    Here is a business strike 1909-VDB cent that has been graded MS-65, Red by our hosts.
  3. 1909 vdb matte proof penny

    The number issued for the Matte Proof 1909-VDB is more like 420 pieces. "The Red Book" cites 400 to 600 pieces. A substantial portion of that 1,194 montage was melted because they did not sell. Some collectors were not happy with the Matt Proof Cents and nickels after they got them, and some of those coins were spent. Subtract from that number the pieces that have been cleaned or otherwise abused. The "Coin Facts" estimate is 274 survivors. I have been looking for one of these coins for over five years. The few that have made it to the market have sold for 5 or 6 figures. I don't like most Proofs that grade less than PR-63 or 64. So far as I'm concerned, the coin is virtually uncollectable.
  4. 1909 vdb matte proof penny

    Here is a certified Matte Proof 1909 Plain Cent. Note the rims and the greater detail on Lincoln's portrait. I would love to add a 1909-VDB Matte Proof Cent to my collection, but that is almost impossible because one person has cornered the market.
  5. If it were a quarter struck on a dime planchet you would have only a fraction of the design showing. This looks like a normal quarter to me taken from pocket change.
  6. 1901S Barber 25c - Altered Surface?

    If I knew how to post more than one picture here in a post. I would try to show you the 1803 half cent that fooled NGC. I don't know how to post more than one picture per post, so I won't try. The coin in question was marked for "Improperly cleaned." The give away was that the variety is known for a weak spot on the reverese in the word "HALF." This one was strong in that area, which made it suspect. You really had to be a half cent collector to know that. Otherwise the coin looked to have been cleaned with a bit of artificial toning. The cleaning had been done to remove defects in the surface of the counterfeit.
  7. 1901S Barber 25c - Altered Surface?

    I understand the NGC policy on all of these problem categories completely except "Altered Surface." Perhaps this is due to the fact that some counterfiet coins with altered surfaces found their way into PCGS and NGC holders. The counterfeiters used the cleaning to remove some of the production problems with their product.
  8. 1901S Barber 25c - Altered Surface?

    “Altered mint mark” indicates that the “S” on the reverse was added somehow, which is really a form of counterfeiting. Such an item cannot be put in a “genuine” holder because it is not a 1909-S Indian cent. It is probably a 1909 Indian cent with an added mint mark. The 1901-S quarter looks genuine to me, but it has been cleaned with some scratches and hairlines evident. As such it should have gone into a slab if NGC decided that it was genuine. Give the high price for this issue, even a problem piece is worth the cost of grading. As the others have said, I'd talk to NGC about it.
  9. Pet Peeve 2018

    The over emphasis on key date coins only has inflated their value and denied collectors who pay too much attention to that market a chance to enjoy some reasonably priced pieces. To me "dreck" is over graded, over priced material, and total dependence upon labels and stickers will not save you from it. In fact it might even lead you to buy it.
  10. Congratulations to the 2017 Registry Award Winners

    Congratulations on your win, Physicsfan!
  11. SEGS coins

    The short answer is, they can't. If they grade coins conservatively, the coins will be cracked out and sent to NGC or PCGS. No one will pay the "real price" for them because those companies don't get enough respect in the market to get the higher prices from most collectors. I wish that were not true because more competition in the grading business would be good for collectors. It would help to keep the major grading companies on their toes. People send coins to these companies three reasons (1) the service is cheap, (2) they are looking for inflated grades, or (3) they don't know any better.
  12. What's your thoughts on this 37 buffalo

    Genuine Three Leg Buffalo Nickels have die rust markers. The photo is so bad it's impossible to see if they are really there. I don't think that they are. There is also a rust patch on the Indian's neck as well. No photo of the obverse was provided here. Usually when poor photos appear like this with an offering, there is reason, and that reason is rarely done with your well being in mind.
  13. One of my Favorite Large Cents

    That is an attractive coin, but it's not Mint State because there is no luster left on it. If you could form a set of these with a similar look for somewhat modest sums, it would be a nice collectors' item. Here is a brown Uncircualted example to help you learn about Mint State surfaces.
  14. The Chinese have marketing this manure for over decade. There was a time that you could buy a whole set of “Seated Dollars” conveniently housed in a fake Dansco album. I suppose these sets are still around. As they said in the movie, “Run, Forest, run!” as fast you can away from this garbage.
  15. 1887 dollar coin.

    First blush says to me that the coin is circulated and may have been cleaned. Then I look a the date, which seems odd, and I get concerned about the possibility of it being a Chinese counterfeit. The date looks to be too high above the surface and odd when compared to the rest of the coin. You should include pictures of the reverse. There are a few major varieties from the Philadelphia Mint (no mint mark) that interest collectors. These coins were also made at the Carson City and San Francisco branch mints. Those would be indicated by a small "CC" or "S" below the wreath on the reverse. If the coin is not a Carson City piece, it is not overly valuable as a collectors' item, if it is genuine. You are looking at less than $20. I am sorry to bring in the counterfeit issue, but it has become a major issue with circulated Morgan Dollars like this piece. The Chinese have flooded the market with them.