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Rim Nicks



 
 
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  #1  
Old May 20th 06, 02:02 PM posted to rec.collecting.coins
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Default Rim Nicks

Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for rim
nicks being commensurate with the grade. Have a look:

http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'


Ads
  #2  
Old May 20th 06, 02:11 PM posted to rec.collecting.coins
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Default Rim Nicks

[Default] On Sat, 20 May 2006 13:02:04 GMT, "Amistad"
climbed to the top of the minaret and
sang out:

Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for rim
nicks being commensurate with the grade. Have a look:

http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'


I would say nicks are acceptable on an AG coin (and those coins are
definitely AG at best, especially the reverses.
  #3  
Old May 20th 06, 02:29 PM posted to rec.collecting.coins
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Default Rim Nicks


"Amistad" wrote in message
...
Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for rim
nicks being commensurate with the grade. Have a look:

http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'


In my view, rim nicks are not acceptable on coins of any grade. Well, maybe
I could tolerate a rim nick on an R-5 or scarcer coin. Anyway, who knows at
what point the coin acquired the damage? It could have happened on its
first trip from bag into daylight. Saying that a rim issue or any issue
other than wear is consistent with the grade is sales hype. While it is
true that the longer a coin stays in circulation, the more exposure it has
to damage, you can find plenty of coins that are real low down, but have no
damage other than wear.

Mr. Jaggers
'thus endeth the lesson for today'


  #4  
Old May 20th 06, 06:40 PM posted to rec.collecting.coins
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Posts: n/a
Default Rim Nicks


"Amistad" wrote in message
...
Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for rim
nicks being commensurate with the grade. Have a look:


http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'


Holy-moley who's that seller kidding?? Way too much money for those.
Fr2's according to my handy-dandy grading guide w/pics.
An 1892O in a real low grade like that is a $15-$20 coin at best while a
'97S with a PO1 reverse is around $20.
Some people sheesh!



  #5  
Old May 20th 06, 08:41 PM posted to rec.collecting.coins
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Posts: n/a
Default Rim Nicks


"Amistad" wrote in message
...
Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for rim
nicks being commensurate with the grade. Have a look:

http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'


In the UK a rim nick would have no effect on the grade given but it would be
mentioned separately, e.g. "vf but with rim nick at 9 o'clock on obverse".

This is the only way that a rim nicked coin can be accurately described.
Obviously it would be priced lower than a coin in the same grade with no rim
nick. Billy


  #6  
Old May 20th 06, 11:54 PM posted to rec.collecting.coins
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Posts: n/a
Default Rim Nicks


"bri" wrote in message
nk.net...

"Amistad" wrote in message
...
Just now happened across a coin whose description caught my eye. I

can't
say that I previously knew of any coin grading regimen that allows for

rim
nicks being commensurate with the grade. Have a look:



http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)

Amistad
'after all, what's a nick or two between friends?'


Holy-moley who's that seller kidding?? Way too much money for those.
Fr2's according to my handy-dandy grading guide w/pics.
An 1892O in a real low grade like that is a $15-$20 coin at best while a
'97S with a PO1 reverse is around $20.
Some people sheesh!


Oh well I tried to get the price down for you. It just never works does it?
;-)
I regards to your original question what you need for a rim nick is one of
those tight fitting 2x2's. Because finding any in that grade that don't have
rim hits is pretty near darn hard.
FWIK the larger the ding the lower the grade drops and a rim hit is worth 4X
damage compared to a similar hit anywhere else except the cheek.


  #7  
Old May 21st 06, 01:04 AM posted to rec.collecting.coins
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Posts: n/a
Default Rim Nicks


"Tony Clayton" wrote in message
...
In a recent message "Amistad" wrote:

Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for
rim
nicks being commensurate with the grade. Have a look:

http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)


I would be surprised if such well worn coins did not have a nick
or two, and, let's face it, they are hardly going to detract
from the coin.

Personally I would rather NOT have such worn coins in my collection
even if they 'filled a gap'


I suspect that there is a fundamental difference between British collectors
and U.S. collectors. Over here there is a long tradition, going back to the
1930s, of the use of devices to form and store collections, be they called
coin folders (which sold for 35 cents when I was a kid) or coin albums (more
expensive, as they allow both sides of the coins to show). Whitman
Publishing made some 35c folders for collections of British coins of all
denominations, but something tells me they weren't intended to be exported
to your country, but rather to be used by Americans who had an accumulation
of pennies and sixpences that came here with tourists and soldiers, and that
otherwise would have knocked about loose in a drawer. Thus, we have more of
an urgency to "fill gaps." Some of those gaps are very expensive to fill,
indeed. If I want to fill all the gaps, then, in my Barber half collection,
and am an ordinary guy with an ordinary income, some of the coins just have
to be pretty low down.

On the other hand, we don't indiscriminately buy the first thing that comes
along. The rim problems on the coin in the auction in question, while not
necessarily being "surprising," are more serious than most of us will or
should tolerate, because we know that there are coins out there in that
state of preservation that do not have any damage at all. Finding
problem-free coins is part of the romance of collecting, whether one is in
the MS crowd or the AG crowd. As for me, of course, I'd rather be part of
the MS crowd, but when it comes to finding, paying for, and owning a
Sheldon-264 large cent, About Good will just have to do.

Mr. Jaggers


  #8  
Old May 21st 06, 06:59 AM posted to rec.collecting.coins
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Posts: n/a
Default Rim Nicks

In a recent message "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:


"Tony Clayton" wrote in message
...
In a recent message "Amistad" wrote:

Just now happened across a coin whose description caught my eye. I can't
say that I previously knew of any coin grading regimen that allows for
rim
nicks being commensurate with the grade. Have a look:

http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)


I would be surprised if such well worn coins did not have a nick
or two, and, let's face it, they are hardly going to detract
from the coin.

Personally I would rather NOT have such worn coins in my collection
even if they 'filled a gap'


I suspect that there is a fundamental difference between British collectors
and U.S. collectors. Over here there is a long tradition, going back to the
1930s, of the use of devices to form and store collections, be they called
coin folders (which sold for 35 cents when I was a kid) or coin albums (more
expensive, as they allow both sides of the coins to show). Whitman
Publishing made some 35c folders for collections of British coins of all
denominations, but something tells me they weren't intended to be exported
to your country, but rather to be used by Americans who had an accumulation
of pennies and sixpences that came here with tourists and soldiers, and that
otherwise would have knocked about loose in a drawer. Thus, we have more of
an urgency to "fill gaps." Some of those gaps are very expensive to fill,
indeed. If I want to fill all the gaps, then, in my Barber half collection,
and am an ordinary guy with an ordinary income, some of the coins just have
to be pretty low down.


Agreed. That is how I started to collect coins.

I was in Canada for several months back in 1962, and on my travels
visited the Royal Canadian Mint. On leaving the Mint I passed a coin shop
that had Whitman folders for Canadian coins, so I thought it would be a good idea
to fill each folder, as a way of saving; the intention was to bank a
set when complete and start again!

I then found out how difficult it was to find some items like 5 cents of
1925, 1926, 1943 etc. The bug bit. I never did cash in those coins
(although sold most when financing a house move in 1978).

Now I tend to concentrate on ancients and types; the only date sets
I collect are Canadian silver 5 cent coins, and with those I
would rather have a gap than a coin as worn as those under discussion.
Indeed, I make a point of ONLY acquiring the 5 cents in the UK,
and not from overseas as I do not buy coins on Ebay.

--
Tony Clayton
Coins of the UK :
http://www.coinsoftheuk.info
Sent using RISCOS on an Acorn Strong Arm RiscPC
.... I still miss my ex-wife - but my aim is improving!
  #9  
Old May 21st 06, 02:00 PM posted to rec.collecting.coins
external usenet poster
 
Posts: n/a
Default Rim Nicks


"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"Tony Clayton" wrote in message
...
In a recent message "Amistad" wrote:

Just now happened across a coin whose description caught my eye. I
can't
say that I previously knew of any coin grading regimen that allows for
rim
nicks being commensurate with the grade. Have a look:

http://cgi.ebay.com/2-Scarce-Barber-...temZ8422047521

My question is -- what grades are rim nicks acceptable on? Come on,
comrades. Educate me! ;-)


I would be surprised if such well worn coins did not have a nick
or two, and, let's face it, they are hardly going to detract
from the coin.

Personally I would rather NOT have such worn coins in my collection
even if they 'filled a gap'


I suspect that there is a fundamental difference between British
collectors and U.S. collectors. Over here there is a long tradition,
going back to the 1930s, of the use of devices to form and store
collections, be they called coin folders (which sold for 35 cents when I
was a kid) or coin albums (more expensive, as they allow both sides of the
coins to show). Whitman Publishing made some 35c folders for collections
of British coins of all denominations, but something tells me they weren't
intended to be exported to your country, but rather to be used by
Americans who had an accumulation of pennies and sixpences that came here
with tourists and soldiers, and that otherwise would have knocked about
loose in a drawer. Thus, we have more of an urgency to "fill gaps." Some
of those gaps are very expensive to fill, indeed. If I want to fill all
the gaps, then, in my Barber half collection, and am an ordinary guy with
an ordinary income, some of the coins just have to be pretty low down.

On the other hand, we don't indiscriminately buy the first thing that
comes along. The rim problems on the coin in the auction in question,
while not necessarily being "surprising," are more serious than most of us
will or should tolerate, because we know that there are coins out there in
that state of preservation that do not have any damage at all. Finding
problem-free coins is part of the romance of collecting, whether one is in
the MS crowd or the AG crowd. As for me, of course, I'd rather be part of
the MS crowd, but when it comes to finding, paying for, and owning a
Sheldon-264 large cent, About Good will just have to do.

Mr. Jaggers


In the run up to decimalisation in the UK in 1971 Whitman folders were
freely available for denominations up to one shilling, I don't recall seeing
any above one shilling denomination probably as removing anything above one
shilling from circulation would have been a big investment for a youngster
back then. Halfpenny and one penny would have been the popular ones.

I still have my folders and they still have gaps. Billy


 




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