"To be or not to be"encapsulated? And that was the question when this coin was in the hands of NGC. Understanding the fact that with the Mint machine it is equally possible for an 2 eur to be struck on both side just like any other coins because The planchet already has both metals in it. We can then conclude and agree that NGC has encapsulated this coin understanding the fact that it is not impossible for such coin to genuinely exist. If NGC found in any way that this Mint error was impossible than we can all agree that this coin would not have been in an (1) NGC slab, (2)nor would NGC bother grading it or (3) register this coin in their book. I would like to Quote NGC practice moto.
"What coins will not be graded by NGC"
NGC will not grade coins that are
counterfeit, are of
questionable authenticity or have been
altered. In addition, NGC will not grade coins that have active surface contaminants such as PVC residue. These coins will often be eligible for NGC certification after conservation by Numismatic Conservation Services (NCS), an independent affiliate of NGC.
Hence, the decision was already made and NGC has agreed for this coin to be everything but "counterfeit" or of a questionable authenticity or altered. Just like the "two tailed set" which was certified as genuine and slabbed by ANACS"
http://minterrornews.com/issue2.pdf So please to all of those with question marks wondering if this coin is to themselves genuine or not. Wonder all you want but the final decision was already made by qualified NGC experts and that for me is a closed case.
As to what it may be worth. Well all depends on the numbers of individuals interested in this coin if this coin were to be submitted to an auction. On the other hand it could be only 1 individual , a private collector who could snatch this one at the best price offer.
If there was a US dime with a nail sold for $42,000 of which around 6 of it's kind exist(URS-4) and a "Two Tailed" set of U.S. three Quarters (URS-3) of which 1 of those 3
Quarters sold for $80,000,than I really don't see how could this
one of a kind 4EURO be worth less than 6 digits.
Like other coins, the value of errors is based, in part at least, on rarity and condition. In general, lower denomination errors are less expensive than higher denomination errors simply more such coins are minted resulting in available errors.
Also we look at the other stats such :
URS-0 None known
URS-1 1 known, unique
URS-2 2 known
URS-3 3 or 4 known
URS-4 5 to 8 known
URS-5 9 to 16 known
URS-6 17 to 32 known
URS-7 33 to 64 known
URS-8 65 to 125 known
URS-9 126 to 250 known
URS-10 251 to 500 known
URS-11 501 to 1,000 known
URS-12 1,001 to 2,000 known
URS-13 2,001 to 4,000 known
URS-14 4,001 to 8,000 known
URS-15 8,001 to 16,000 known
URS-16 16,001 to 32,000 known
URS-17 32,001 to 65,000 known
URS-18 65,001 to 125,000 known
URS-19 125,001 to 250,000 known
URS-20 250,001 to 500,000 known
So is this URS-1 worth 6 digits? , well let's be honest here. Hm,
(1) this is the only known of it's kind to be certified as "genuine" , graded by NGC.
(2) this is the highest denomination out of the set of euros. There are 6 types of denomination from the EURO set. 1 Cent/ 5 Cent / 20 Cent /50 Cent /1 Euro and 2 Euro
and yes " qxy "member , I could be disappointed if I were to send this coin to an auction and find out that only 1 bidder was interested in the coin. It's not the first time that a coin was sent to an auction with an estimated value of so much and sold for so little because of lack of interest or demands but correct me if I'm wrong , this mostly happens with
common Mint errors.
My
Two Cents worth.
