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 Replies: 20 / Views: 3,900 |
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Valued Member
 United States
59 Posts |
Personally, in hand, the indent looks far too deep to be contact marks, but I could be wrong. Like I said, not very experienced in errors. It definitely looks, to me, as though it was a strike issue. I am wondering if this would increase any value of the coin or if it would only be a negative for the value due to the loss in grading points.
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Pillar of the Community
United States
7390 Posts |
If you wanna take the gamble and can get it into an error slab it might only go 68/69 but an ike rp error however small should be desierable and pull a premium over the grade but how much is anybodys guess at this point
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Pillar of the Community
United States
1249 Posts |
With the rush on them now prices are up there. What 17,000. Minted I think . Don't quote me so assuming that it could be worth it
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Valued Member
United States
144 Posts |
Corey, one general approach you can consider is not to be in a rush to draw a definitive conclusion. For now, protect the coin well, hold on to it, and follow along on the forum or Google for the same coin and see if another comes up.
I went through a similar indentation issue a few weeks ago with some 2015 nickels. Since then, several more have popped up with very similar indentations -- but each one was slightly different in size or location. Conclusion was that it wasn't die related.
Edited by profiler
08/17/2015 9:11 pm
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Valued Member
United States
59 Posts |
Profiler, makes sense. My only concern with that route is that I would think that an Early Release mint error slab would demand a higher premium than one without Early Release, so the cutoff date seems looming for me. Any opinions?
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Valued Member
United States
144 Posts |
Considerations might be: Would a higher premium justify the cost for slabbing? If it were a recognized mint error, is it of concern (or value) to you to be first to attribute?
Sorry, I don't know much about it with respect to newly issued coins.
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Valued Member
United States
59 Posts |
Interesting.
Well, it would cost $35 to send it in to NGC for error grading and an Early Release designation. Since I am sending it with other coins there will really be no cost other than that. Plus, I don't think I would ever be able to sell this set if it wasn't graded as an error since it would be undesirable then. So I may just go for it unless anyone strongly believes that this coin won't receive an error designation.
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Bedrock of the Community
United States
62064 Posts |
If it didn't receive damage, then why does the statue have a clown nose? Damaged.
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Valued Member
United States
59 Posts |
Coop, the liberty nose is exactly the same as the other set I received as well as exactly the same as my father's two sets. Perhaps the picture represents that poorly but there is absolutely no problem there.
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Moderator
 United States
23522 Posts |
Quote:
an Early Release mint error slab would demand a higher premium than one without Early Release, Just so you know, any self-respecting coin collector ridicules First Release slabs as the blatant unjustifiable money grab they are. Before deciding to throw money at this, improve your knowledge of "error coins" to the extent of learning exactly what TPG's do and do not slab. Even if this is determined to be some sort of "mint error" (more likely a planchet void than a "mint error"), would a TPG label it? And how do we know that every tenth example doesn't have the same appearance (percentage exaggerated for effect)? You did the wise thing by acknowledging your lack of expertise with errors; hold off deciding what you have there until you learn more about the process. For instance, I don't see enough photographic data here to form any sort of theory, much less conclusions. |
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Valued Member
United States
59 Posts |
SuperDave, I agree completely about the first release point. However, whether you and I like it or not, the first strike designation does get a premium on the market, even if it is a money grab.
Good point on error coins. I have done some reading on NGC's website although it is left quite a bit vague in my opinion to the point where it is hard for me to decipher what's what. I'll try to post some better photos later.
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Moderator
United States
189473 Posts |
Quote:
However, whether you and I like it or not, the first strike designation does get a premium on the market, even if it is a money grab. True. However, that premium is not being paid by, as Dave put it, " any self-respecting coin collector."  |
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Valued Member
United States
59 Posts |
For those of you who were curious, I just got the coin back from NGC. It did indeed get an error reverse strike through designation and was graded PF69 Early Release in an error slab.
Anyone think this is worth much, desirable, etc?
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Pillar of the Community
United States
3331 Posts |
Well I think it is terrific! I would like to have something like that, but have no idea what the value might be. I am not even sure what I might be willing to pay.  Congratulations, anyway on something neat! |
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Valued Member
United States
261 Posts |
Good thing you followed through on your intuition! My two IKE sets are still in the mint package. perhaps I should take a peek.
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Posted 08/17/2015 8:24 pm
