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 Replies: 35 / Views: 4,704 |
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Pillar of the Community
 Canada
5394 Posts |
What an insult to the nail it is at least HS67 as struck !!! ( by hammer ). Would be a loftier grade if hammered by a ball pein hammer instead of a claw hammer.  . |
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Pillar of the Community
United States
1295 Posts |
I agree with their grade; I think they hit the nail right on the head!  But $9000 is an awful lot to have to pay. Anyone who buys this will get screwed! For those who may be contemplating buying this, bolt! In all seriousness, I think this is a cool piece, even if it was mint-assisted and therefore not a true error. |
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Moderator
 United States
16679 Posts |
I would love to ask the graders how they came up with that grade.
swcoin.ecrater.com
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Pillar of the Community
United States
1699 Posts |
The grade is not relevant. Likely not to the dealer, nor potential buyers. And they slabbed it because it was a Mint error - should they have refused to slab it even though they offer a Mint error service?
It's a cool piece and for the collector that's been trying to find one, this may be his/her only chance for a years. It's not a piece for me, though.
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Moderator
United States
16679 Posts |
Then why put a grade? Who cares then.
Genuine would be more relevant to this piece.
swcoin.ecrater.com
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Pillar of the Community
United States
4113 Posts |
 Just label it "GENUINE" |
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Pillar of the Community
United States
1699 Posts |
I think it's an issue of where to draw the line. Do they only put grades on coins with a certain percent of existing surface area? Or should they refuse to put a grade on certain overstruck objects?
It might take too much time to make the call each and everytime a coin struck on an object or scrap comes in. They only see a coin for a couple seconds(maybe errors are different?) before placing a grade on it.
What might be more likely is an operational issue with no designated person making the call each and every time. In this case there is no consistency in the determination of whether to put a grade on it or not.
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Pillar of the Community
United States
4113 Posts |
I just don't understand how anyone at PCGS determined that this object was definitely a graded "MINT STATE 63" Lincoln Cent given how they are supposed to grade Lincoln Cents. Can anyone answer how this MS 63 grade was arrived at? |
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Pillar of the Community
 United States
1949 Posts |
You know the old saying... 'Buy the nail not the holder' |
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Pillar of the Community
Canada
5394 Posts |
JD you hit the nail right on the head. . The grading services are getting just as silly as the worlds mints. Seems anything goes these days. |
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Pillar of the Community
United States
2589 Posts |
what I dont understand is how it did not receive a details grade given the obvious rust spots on it lol On another note, I do think Sullivan's prominence as an error coin dealer is rising. I think he has the potential to become another Fred Weinberg like figure in the error Coin World. |
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Pillar of the Community
Canada
5394 Posts |
Last query on this fun thread...........how were the esteemed leaders at PCGS able to determine that the nail was genuine and not a Chimese counterfeit? ROFKML..........Lmfho!,,
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Pillar of the Community
United States
7390 Posts |
Technically I'm sure it IS Chinese... When was the last time you saw "made in America" on a box of nails  |
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Moderator
United States
16679 Posts |
Keeping it in the slab is paramount for authenticity reasons but as mentioned, a grade is irrelevent and means nothing since this is not a coin.
This is a piece that is what one is willing to pay.
swcoin.ecrater.com
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Rest in Peace
United States
7075 Posts |
Cheapslabs has a few 'struck on fragment' items that are much cheaper -- $350, $400. The devices are not as apparent on these.
They are slabbed and are graded MS63. So that must be the standard grade for such items.
Not quite as cool as a pedigreed bolt ID'd as a nail, but lots cheaper. Still more than I'm willing to spend.
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Replies: 35 / Views: 4,704 |
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Posted 07/25/2015 10:57 pm
