Coin Rarities & Related Topics: News and Analysis regarding scarce coins, coin markets, and the coin collecting community, #301
A Weekly CoinWeek Column by Greg Reynolds ……..
Last week, the 300th installment of this series was published. I have been having a wonderful time viewing, analyzing and writing about terrific coins, many of which I dreamed about before I became an adult. I continue to be concerned, however, that many coin rarities have been or will be harmed by coin doctors, rarities that present and future generations of collectors may wish to cherish.
Rare coins are part of our culture. There will be more demand for rare coins over the long run if people are warned about coin doctoring practices on an ongoing basis and the problem is further contained.
Publicly addressing this problem is beneficial to the coin business in addition to being beneficial to collectors. Doctored coins often chemically transform over a period of months or years such that they become obviously disturbed.
“A collector may buy a coin that looks great at first. Five or ten years later, doctor-added substances may become obvious,” remarks Warren Mills, who has been a full-time coin dealer for thirty-six years. “A couple of weeks ago, I looked at a PCGS graded MS-65 High Relief Saint $20 gold coin that had putty all over it,” Warren relates. “What I am supposed to tell the client?”