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Replies: 333 / Views: 42,394 |
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Valued Member
United States
294 Posts |
eel Ive noticed you have went from not being really into coins (Guitars) in some of your first post. To loving them. Whats not to love when you have a coin that may be worth $25,000. Big question what are you you going to do with this coin if you could find a buyer ? Seeking: $25G Guitar? Rainman 
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Valued Member
 United States
67 Posts |
Rainman... not sure how you came to that conclusion.
I've always had a certain respect for coins...but never to point of fascination; I would appreciate anything that held that kind of value, regardless of what it was/is.
I don't have any plans with the coin other than to keep it as a neat conversation piece for a little while. :)
Thanks for asking!
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Pillar of the Community
United States
656 Posts |
are you going to get it certified? -64s 
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Pillar of the Community
United States
749 Posts |
OMG! Wow! What a thread, I'm just reading it all now  Ive been a bit busy lately...Congrats Eel 
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Rest in Peace
United States
9104 Posts |
Quote: Ok...back to hiring lawyers and big men for protection... Can someone be more defined as to what I am actually dealing with? Perhaps an interesting mint error, perhaps an illegally manufactured and therefore contraband error. Get in touch with Alan Herbert, whose memory is usually better than mine. IIRC, back in 1972 there were a whole bunch of fake errors made by a mint employee, one of which was a proof quarter overstruck on a 1900 quarter. Others were stuff like saddle-shaped and folded over coins, which there was no way to have been errors without human assistance (putting the coin between the dies on edge, for example). Similarly, there were things like nickel blanks struck as dimes, and it would be impossible for that to happen, because they wouldn't fit through the dime feed tube, so again, they would had to have been put on the press manually. Herbert can be contacted through the ANA: http://www.money.org Other places to check with would be the error folks at either Coin World or Numismatic News. If you're in the clear, they can provide valuable news coverage and exposure. If it's questionable or part of the original case I mentioned, you risk confiscation if you send it to the SS for authentication.
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Pillar of the Community
United States
527 Posts |
BiggFred, A friend of Susan and Bobby and this is your first visit to this site?  Your answer about the legality issues has been the most informative yet.  I suspect you have been here before though. 
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Rest in Peace
United States
9104 Posts |
Nope, first time here, but I do have over 16,000 posts on rec.collecting coins.
I have a little experience with errors. Had a Canadian dollar double-struck in collar with a divot where a second coin tried to feed into the struck coin that hadn't ejected. I was told it wasn't possible, so I sent it to Alan Herbert, and he literally rewrote part of his book on errors.
I also have a Goodacre SAC error (there were only 5000 specially burnished SACs paid to her). Mine proves they were burnished after striking, and is a struck thru error.
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Forum Dad
 United States
24161 Posts |
Well Fred here I was wondering why you didn't answer my email.... and here you are..... finally. 
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Pillar of the Community
United States
6326 Posts |
"Fake Errors".....?....hummmmm.......well BiggFred sheds a new perspective here kind of. So this was known to have happened now and in 1972 specifically ?.....WOW !...Was this "Mint Employee" caught and identified and thrown in jail ?......are/were his "purposely minted error" coins worth any money ?
Edited by eaglefoot 05/12/2008 5:39 pm
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Pillar of the Community
United States
2737 Posts |
Once again, I have never heard of the Secret Service pursuing a coin such as this, even if it did have help. BiggFred may be thinking of some proof "errors" that were intentionally created and then smuggled out in the oil pan of forklifts. Some of these may have been confiscated. But the majority of assisted proof errors trade in the marketplace with no problem. The Secret Service has a lot more important things to do these days than chase after assisted errors.
Error coin writer and researcher.
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Pillar of the Community
United States
860 Posts |
Please understand this is not as a challenge, but I would like to know more about " But the majority of assisted proof errors trade in the marketplace with no problem." Are these in Auctions like Heritage or such and are attributed as an "assisted production" or even on ebay? IF so I would like to see how it is handled in the description. Is this more than hearsay? Are such trades private treaty or in a public sale structure. Thanks, Jim
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Pillar of the Community
United States
2737 Posts |
In some cases the intentional nature of an error is readily apparent. In other cases it's not so certain. Even if there is no doubt about a coin being an assisted error, it's rare that this fact is mentioned. For example, there are quite a few 1982 Panama 1/2 balboas struck over older Kennedy half dollars from earlier years. They were produced well after 1982, presumably in Panama. I've seen many sold and I've never seen a dealer mention their intentional nature. Once in a while a dealer or auction house will mention this critical aspect of provenience, but it's rare. Regrettably, some people end up paying a lot of money for coins that they think are accidental, but which are not.
Error coin writer and researcher.
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Pillar of the Community
United States
2737 Posts |
As to the proof errors, any proof error that is oversized as the result of being struck off-center or double-struck is considered to have had help getting out of the Mint. These coins will not fit into a proof set and that's the only way these coins can leave the Mint legitimately. These oversized proof errors are concentrated in the years 1968 - 1973. They're bought and sold all the time out in the open and the government has never confiscated any of them as far as I know.
Error coin writer and researcher.
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Valued Member
United States
79 Posts |
I second the notion for MVP "most valuable post". This post has had more drama then alot of movies I've seen lately. If I had the coin in my hand I know what I'd do....faint! LOL Sounds kinda like winnin the lottery tho. Never think of all the trouble that comes with it while your wishing it to happen. 
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Valued Member
United States
109 Posts |
Mike, has there ever been any speculation as to whose responsible for all the intentional errors?
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Replies: 333 / Views: 42,394 |