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 Replies: 18 / Views: 3,363 |
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Pillar of the Community
United States
7840 Posts |
Hmph...reaching for the stars on the price, no?
Cool coin though.
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New Member
45 Posts |
Wow! Cool!   |
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Valued Member
United States
381 Posts |
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Pillar of the Community
Canada
5324 Posts |
Are Sacs sold in bulk bags?
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Pillar of the Community
United States
2253 Posts |
Very cool but I have basically have the same question as uruman.
How does something like this get out of the mint, and if it doesn't get out legitimately....Is it really an error?
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Pillar of the Community
United States
1915 Posts |
Quote:
Very cool but I have basically have the same question as uruman.
How does something like this get out of the mint, and if it doesn't get out legitimately....Is it really an error? That is what I do not like about coins like this. I see no way it legally left the mint. So a buyer would be purchasing what amounts to as a stolen coin. Cool factor is great, but collectable? I guess there are those that collect stolen art as well. |
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Bedrock of the Community
Australia
21788 Posts |
This Sac should be in a body bag.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Are Sacs sold in bulk bags? Yes they were, they were also shipped out in Ballistic Bags that were filled by weight. This could have gotten out that way and then recovered at a firm that rolled the coins under contract with the Fed or banks. There are also large dealerships that buy Ballistic Bags directly from the mint and do their own rolling. So it is possible for it to have gotten out legitimately. |
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Pillar of the Community
United States
1915 Posts |
The bags you are referring to are sold by count not weight. They are bags with 140,000 of Sac Dollars. And being that they are sold by count, they would have to go through a counter. Which I do not believe that the coin in question could pass.
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Pillar of the Community
Canada
5324 Posts |
Wouldn't this coin fall through a riddlier and just get into a bulk bag and was found by the rolling companies or bulk purchase by a huge dealer.
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Pillar of the Community
United States
1915 Posts |
From what I have been told they actually go through a coin counter, this is a quality control in place to ensure each bag has the correct amount of coins in it.
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Bedrock of the Community
United States
62064 Posts |
I was thinking the bins were started in 2001. So it may have slipped through in a bag. Jon Sullivan is one of the experts on error coins. So it is probably a legit error.
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Pillar of the Community
United States
2589 Posts |
I tend to think that the TPG's have a double standard when it comes to certification of errors that may have been intentionally released by mint employees. For example if a Fred Weinberg or Jon Sullivan personally submitted such an error for certification, I imagine they would have a much better chance at getting it in a slab than if an adverage collector submitted it. Note, I don't place any fault at the error dealers in this, its the TPG's themselves that are discriminatory against the little guys. In my own opinion, the TPGs should place no regard in whether or not something was intentionally released, because at the end of the day they have virtually no means of actually knowing 100% as to the circumstances that any error was released. |
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Pillar of the Community
United States
526 Posts |
I agree with Coop on this one and believe that the coin is a legitimate error. In the past there have been more than a few very odd errors that have come from the mint. Remember the Madison dollar struck on a dime planchet. Or how about the "pine cone" piles of coins that were fused together by repeated strikes.
BJ Neff
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Pillar of the Community
United States
1915 Posts |
I have no doubt it is a legitimate error. I just question the legality of it's exit from the mint.
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Replies: 18 / Views: 3,363 |
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Posted 12/29/2015 5:56 pm
