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Replies: 18 / Views: 1,937 |
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New Member
United States
10 Posts |
Let's say that the closer Wide AM pennies had not been discovered. If you were the one to discover an error worth over 90k, what's the best procedure to get graded I have slight paranoia sending a coin off in the mail with a high value as such. I plan to go with NCGS unless other ideas? I'm feeling like this is a bit out miss and defineately not looking to miss after 3 years of hunting 1000s of dollars in coins. Help is much appreciated I will post findings for the group once I know what route I will be taking Thank you so much in advance
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Bedrock of the Community
United States
74454 Posts |
I would try PCGS out of any other grading services. I've heard that they're pretty reliable.
Errers and Varietys.
Edited by Errers and Varietys 07/02/2018 11:15 pm
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Rest in Peace
10197 Posts |
An unknown "error" as you speculate will most likely NOT be recognized by a TPG. Ain't gonna happen. They're in the grading business, not necessarily the attribution services. For that you need the experts of that field. Once it is a "new discovery", then referring all attributing documentation to a TPG can be done. Pricing will always be arbitrary, unless a known population exists or can be estimated. And, you may actually NOT have what you think you do, happens all the time. 
Edited by Crazyb0 07/02/2018 11:38 pm
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Bedrock of the Community
United States
62064 Posts |
Your asking a question about a coin that may/may not exist. So if you would post images of the coin, then we can tell you if you have the real deal or not. That where I would start. The dies are RDV-5-7 on the reverse cent dies. So it would make more sense to find out now, before you send it off and find you didn't have something. A lot of new collectors image they have a coin worth a lot of money and then find out it is worth was it says on the back of the coin. So lets see what you have first. Then go from there. 
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Bedrock of the Community
United States
74454 Posts |
Yes, I agree with Coop. If you can get pictures of your coin, that would be great.
Errers and Varietys.
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New Member
 United States
10 Posts |
I assure you out of the thousands of coins I've gone through this is one of a kind. Now it's not a die break or anything like that. If a grading service will not recognise it then how did the close and Wide AM pennies become documented? This is a coin error that until that point had not discovered I would love to know how they 'proved' themselves worth to get their new error coin graded
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New Member
 United States
10 Posts |
I will just get my documents ready and send off to PCGS. If I have to repay to prove the authentication or whatnot then I will. I guess I'll take my chances shipping it. I will release the pics once I have sent it off to be graded to those that would like to see it may. Until then I'll be keeping things on the low. Stay posted. Thanks. Goodnight all.
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Pillar of the Community
United States
7621 Posts |
Posting pictures here first might save you money, time and disappointment.
But hey, it's your call! Good luck!
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Bedrock of the Community
United States
74454 Posts |
If you're wrong though, than you'll be wishing that you listened to us and posted pictures. Do it at your own risk! If you're wrong, then just learn your lesson from it.
Errers and Varietys.
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Bedrock of the Community
 United States
12477 Posts |
I highly suggest posting pics of it here first. If you do have something new, your identity is protected and you can still submit it to whatever TPG you choose. I suspect you are about to waste some money, though.
In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024
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Rest in Peace
10197 Posts |
Hey E&V...what is it with your generation? You guys seem to have all knowledge right from the womb! Sheesh! LOL 
Edited by Crazyb0 07/03/2018 01:17 am
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Bedrock of the Community
United States
74454 Posts |
Haha! I don't know Crazyb0. I'm just very knowledgeable, because I've done a ton of research on my own. I'm able to retain newly learned information pretty well. I'm a coin nut! 
Errers and Varietys.
Edited by Errers and Varietys 07/03/2018 01:25 am
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Pillar of the Community
United States
1901 Posts |
Yeah I suggest you post pics here
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Bedrock of the Community
United States
12057 Posts |
A particular example was in this month's Numismatist -- the story of the Vietnam vet who discovered the W mintmark on some 1999-dated $5 and $10 Gold Eagle bullion issues. The mistake happened when Philadelphia accidentally (or perhaps on purpose) sent some unfinished Proof dies to West Point, because production was falling way behind ahead of the perceived Y2K 'apocalypse' consumer demand and Philadelphia couldn't keep up. The TPGs steadfastly refused to grade the discovery coin, look at it, or even agree that it might be a possibility; as they put it, 99% of "great discovery" stories tend to consist of them having to disappoint someone who thinks they struck it rich, so rather than even consider that this was a 1% exception, they just blew the guy off. Finally, after 8 attempts (!) Fred Weinberg agreed to look at the coin and was shocked to discover that it was real and the first of its kind ever discovered. It wasn't until Mr. Weinberg gave his blessing that the TPG's agreed to certify the coin and create the new variety (ICG and PCGS being the first two) -- it also received a Fivaz/Stanton number (FS-401) making it "official" so to speak. Weinberg ended up acquiring over 1,500 of the $5 and $10 coins, mostly from original rolls -- that being said, PCGS has graded over 2,500 examples, and a MS-70 graded example has a PCGS price guide value of $3750. The point, however, is that prior to a recognized expert in the field vouching for the discovery, the TPG's did not want anything to do with it. That's why it is important to have people (e.g. coop) who really know what they are doing review any potential new finds because otherwise the TPG's are not likely to listen, or believe, the average casual collector or non-collector.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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New Member
 United States
10 Posts |
@paralyse So are you saying #coop is God of the Coin World? No offense but he didn't even read my question right. I'm not looking for other people to 'see if I got something or not' I know exactly what I have in my possession and could care less about flaunting it just yet. Something tells me guy with the 180k penny didn't flaunt his. But as for what you provide. Thank you for the information. Highly appreciated This is what I was concerned with. Mine is very easy to clarify as I can send in proofs that show the difference. Any coin will show the difference of that year. So now I just have to get them to actually Look at the coin instead of read the cause of grading and laugh. But if I have to I will send in as many times as need be. All it will take is for one grade to say , OK, what do we have.
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Rest in Peace
United States
1559 Posts |
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Replies: 18 / Views: 1,937 |