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1938 Jefferson Nickel Doubled Die - DDO-005, FS-105

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 Posted 02/24/2024  06:37 am  Show Profile   Bookmark this reply Add Spence to your friends list
Very clear doubling on the L of LIBERTY even in this overall pic. Well done @tb.
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 Posted 02/24/2024  07:02 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
Nice coin, but I like your photos better @bats.
Take a look at my other hobby ... http://www.jk-dk.art
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 Posted 02/24/2024  09:19 am  Show Profile   Bookmark this reply Add jfeed to your friends list
Nope...just making a comment about how nice the coin was. Guess I should stay away from topics I know nothing about. Thanks
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 Posted 02/24/2024  10:00 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Nice one, bats!
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 Posted 02/24/2024  10:03 am  Show Profile   Check tropicalbats's eBay Listings Bookmark this reply Add tropicalbats to your friends list
Sooooo, PCGS has done it again. Going through slabs and verifying things and filing them when I came to this one. I put it under the scope (see photo) and it seemed like the attribution was wrong. I looked up the markers and sure enough, it is DDO-008, FS-106. It seemed odd that I would submit a coin to them with a bad attribution, so I pulled the paperwork and verified that I did in fact submit the coin as DDO-008, FS-106. Looking at the obvious die markers around LIBERTY it is undeniably FS-106 Variety Vista Stage B (or WDDO-004 in the Wexler system).

For some reason they disagreed, incorrectly, with my attribution numbers. So now I have to re-submit it for a service request to get the correct die on the label, which will take another two months. Anymore it seems like at least one coin per submission comes back wrong, and even right now I have four coins in for a service request to get them to put the right attribution on the label after they came back wrong. Usually I end up sending the coins to one of the private attributors like James Wiles to get a letter verifying my original attribution, but this one really isn't that hard so probably just send it in with a note asking for the correction.

Why it matters? Well the coin auctions sell what's on the label, not any side notes or anything like that, so if the label is wrong it will always float around as the wrong coin. But specifically in this case, as noted at MS66 an FS-105 coin is POP 14/0 with a lot of coins at MS64 or better. But FS-106 is far more rare with MS66 being POP 4/0 and only 23 total in any MS grade.

And so back it will go, for yet another return submission for PCGS to fix a mistake on a variety coin.


1938-Jefferson-Nickel-Doubled-Die---DDO-005,-FS-105
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 Posted 02/24/2024  10:24 am  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list
Did you pay for TrueView as well? Because that would also mean that the PCGS image catalog is getting cluttered with incorrect attributions, which will make it harder to correctly attribute varieties in the future.
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 Posted 02/24/2024  10:31 am  Show Profile   Check tropicalbats's eBay Listings Bookmark this reply Add tropicalbats to your friends list
Oh yeah, it's got trueview as that's the image I posted at the top here. This coin, and a second one of these I submitted that also went MS66, are now plate coins on coinfacts. So yes, anyone using coinfacts images to assist with attributions would get things totally wrong if they used the current set of plate coins for FS-105, since two of the three main plate coins are now wrong.
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 Posted 02/24/2024  11:09 am  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list

Quote:
So yes, anyone using coinfacts images to assist with attributions would get things totally wrong if they used the current set of plate coins for FS-105, since two of the three main plate coins are now wrong.



We really need a facepalm emoji for these situations.
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 Posted 02/24/2024  8:57 pm  Show Profile   Bookmark this reply Add SamCoin to your friends list
Typical PCGS... It's kind of crazy that their so-called "experts" can't seem to ever attribute a doubled die correctly. Especially at the prices they charge.

The embarrassing thing is, 2 of the 3 plate coins on the coinfacts page being wrong isn't even uncommon for them. As I recall, the same is true for some of the 1972 DDO Lincoln Cents, as well as the 1988 P/D reverse of 89 (which they mistakenly call " Wide AM") Lincoln Cents...
Edited by SamCoin
02/24/2024 8:59 pm
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 Posted 02/25/2024  06:36 am  Show Profile   Bookmark this reply Add Dowhat to your friends list
I find it hard to understand why so many continue to submit varieties & errors to PCGS. There capsuled coins seem to me only a status symbol of sorts, kinda like Dansco albums.
I would avoid any grading service the consistently requires resubmission. Especially considering the higher cost and turnover times involved.
Maybe it is time to review the hierarchy of the top graders using botched submissions as one of the criteria and not solely on popularity and resale value.
Just my opinion.
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 Posted 02/25/2024  12:12 pm  Show Profile   Check tropicalbats's eBay Listings Bookmark this reply Add tropicalbats to your friends list
Investing in something without considering resale value seems like purposely investing in an underperforming stock instead of a known winner. But other than ANACS, which seems to get things right the first time, both NGC and PCGS suffer from issues that require more than a few resubmissions to correct things. Of the 7 reholders I have at NGC right now 4 of those are coins I am resubmitting because they got it wrong the first time I sent them in. Varieties are a specialty area which covers hundreds of coin types and their experts are only so good. It's frustrating, but given that NGC holders tend to sell at 80% of PCGS holders and ANACS even less than that, it seems like a poor financial decision to put a $500 coin in anything but a PCGS holder (the coin at the top of this thread has a PCGS guide value of $600).

And it is about popularity, but mostly related to registry collectors. People with a registry are looking for the highest grade coin they can get in each slot, and so are willing to pay more than a casual collector would who just wants the coin but doesn't "need" it. And PCGS has a little over 170,000 active registries (that is not a typo), so that's a lot of coin slots people are trying to fill.
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 Posted 02/25/2024  12:41 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list
Let's be fair, not all of those 170,000 collectors are trying to fill every slot for all denominations, particularly with varieties. But when the populations are so tiny for some variety coins, it probably only takes a few hundred hardcore collectors with serious money to skew the numbers.
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 Posted 02/25/2024  10:08 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list
Nice DDO! Good luck on the resubmission.
Errers and Varietys.
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