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1977 Aluminum Lincoln Memorial Cent - $350,000

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Rest in Peace
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 Posted 08/20/2021  2:56 pm  Show Profile   Bookmark this reply Add dave700x to your friends list
I like that he includes "an intentionally made mint error" in one of his images. Still a cool error...
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 Posted 08/20/2021  3:18 pm  Show Profile   Bookmark this reply Add Bumpkin to your friends list
Hello to all. I don't know Mike Byers, I don't buy super valuable and expensive coins, and basically I don't buy coins in general at all. I'm glad everyone got a good laugh out of my post and that bobby thinks NGC will as well. Not the reason for my post obviously. I am not ashamed to admit when I am wrong so in this case I WAS WRONG...... and I apologize. More people need to admit when they are wrong and I honorably do so when I have made a mistake. Maybe I need to be more involved on ebay coin sales but I have a hard time doing so. Not even coins I'm referring to here but I have been burned, more like torched, on buying stuff off of ebay in the past that I choose now not to buy from there. I did see Mike has 100% feedback which is GREAT! Congrats Mike and well done because there are a lot of scammers out there and you surely are not one from quick education I just got here . By no means at all did I mean any disrespect to Mike Byers and I apologize to him as well. There you have it. Anyone else like to comment on my idiotic mistake? That's fine if it will make you feel better, feel free. Also, Grapes could have gone without his comment "we must be scammers too". Please show, or quote me, where I called anyone a 'scammer'...Thank you.
Famous quote: "It takes more of a person to admit when they are wrong than it does to continue to argue with those that are right!" Author: Unknown
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 Posted 08/20/2021  4:19 pm  Show Profile   Bookmark this reply Add Yokozuna to your friends list
hokiefan_82 said...

Quote:
I find it interesting NGC made a typo on the holder insert - "ALUNIMUM". Shows up that way, as well, on the NGC cert verification page.

Typos are really quite common on TPG slabs. I have a 1968-D Roosevelt dime certified (#18190490) as a PCGS Mint Error MS65 that has "Imporper Obv Cladding"

I could return it and they would correct the label, but I like the fact that it's an "Error Error."

The only way I'll ever be able to list a six-figure coin on ebay or anywhere else is if it has a hexagonal shape.
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!!
1977-Aluminum-Lincoln-Memorial-Cent---$350,000


Edited by Yokozuna
08/20/2021 4:25 pm
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 Posted 08/20/2021  5:37 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list

Quote:
I like that he includes "an intentionally made mint error" in one of his images. Still a cool error...

Many of his listings are very likely intentional errors - the two 1970-S proof quarters, one on a Barber quarter and one on an old Canadian quarter, as well as the "matched set" of Lincoln cent/Panama .1 balboa mules, among others.

Yes, very interesting, but when I see coins like this I always wonder if error collectors (which I'm not) generally make a distinction between true errors and "intentionally made" errors. I realize the distinction may be very fuzzy in many cases, and the "intentional" errors ARE coming from the mint, but still...
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
Edited by hokiefan_82
08/20/2021 5:52 pm
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 Posted 08/20/2021  5:39 pm  Show Profile   Bookmark this reply Add jacrispies to your friends list
If somebody buys it, and the fees are consistent with the coins I've sold, then ebay will take about $50,000 in fees. Yowza
Suffering from bust half fever.
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 Posted 08/20/2021  5:44 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list
Fees are capped at $750 I believe.
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 Posted 08/20/2021  5:51 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list

Quote:
Typos are really quite common on TPG slabs.


Over the years, I've seen several NGC/PCGS slabbed modern commems on ebay with actually the wrong coin listed on the label (the U.S. Army and Infantry Soldier commems are the ones I've seen most often mislabeled). I guess that's bound to happen occasionally for bulk submissions of modern issues.

I've always messaged the ebay seller to let them know when I see this; most just say they'll send it back to the TPG for relabeling; once or twice, the coin was later re-listed as a "rare label error" at a much higher price .
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
Edited by hokiefan_82
08/20/2021 5:53 pm
Rest in Peace
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 Posted 08/20/2021  5:57 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list
Not to accuse anyone of any misdoing , but I find it odd that a rare coin like that would have been miss handled by at least a few unknowing hands and be marked and scratched up to pull an MS-60 grade and not higher .
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 Posted 08/20/2021  7:51 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list
@Bumpkin, it's natural to be a bit suspicious of a listing like this on ebay, as we've all seen lots of crazy things out there. When I buy on ebay or other selling platform on the internet, especially for larger expenditures, I only buy from dealers I'm very familiar with either personally or through the broader numismatic community. That's why, in my earlier reply to you, I pointed out the bio of the dealer offering this aluminum cent as I was familiar with him and thought that would be useful info. No slight was meant to you at all.
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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 Posted 08/20/2021  8:49 pm  Show Profile   Bookmark this reply Add luvmyCAM to your friends list
Its cool and if I were a billionaire would go for a 1944 steel cent. Wow! now that's a pretty penny. Calling the sale between 125 - 150. To bad it couldn't be a walk in on Pawn Stars "ya but I'm the one who has to wait for a buyer, 40 grands my tops write him up a ticket Chumblee".
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 Posted 08/20/2021  11:40 pm  Show Profile   Bookmark this reply Add Bumpkin to your friends list

Quote:
@Bumpkin, it's natural to be a bit suspicious of a listing like this on ebay, as we've all seen lots of crazy things out there. When I buy on ebay or other selling platform on the internet, especially for larger expenditures, I only buy from dealers I'm very familiar with either personally or through the broader numismatic community. That's why, in my earlier reply to you, I pointed out the bio of the dealer offering this aluminum cent as I was familiar with him and thought that would be useful info. No slight was meant to you at all.


Hi hokiefan. Nothing at all was taken the wrong way by your post. I sincerely appreciate your perfectly clear explanation you gave about the seller and ebay, based on my first post from earlier today, in which I was grossly mistaken and I owned up to. It would have been nice if a few others would have been as congenial and explanatory as you. I appreciate your professionalism. I'm over it...... I have moved on. Thank you for your comment quoted above!
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392 Posts
 Posted 08/21/2021  04:27 am  Show Profile   Bookmark this reply Add Parnelli917 to your friends list
@Bumpkin - I agree with others that a healthy dose of skepticism is always needed at ebay, so no need to apologize. Even after looking up the number on NGC, I still wondered about listing there instead of Heritage or S & B. It sure is newsworthy though!




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 Posted 08/21/2021  07:56 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list
I find it interesting that error collectors will pay big money for a coin that was intentionally made as an error. Yes it's unique but it's an inside job (someone made it on purpose) Considering how the mint doesn't like it's non released products to be sold (1974 aluminum cent, 1964 Peace dollar , or the 1933 Gold $20,etc). If I was a buyer (which I'm not) I would be concerned the mint can say "this was never authorized give it back" and like the Langford family and their 10 1933 gold Eagles you have to give it back . Just saying paying a lot of money for something that maybe confiscated would be in the back of my mind.

Edited by hfjacinto
08/21/2021 07:59 am
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 Posted 08/22/2021  10:58 am  Show Profile   Bookmark this reply Add Parnelli917 to your friends list
@Bumpkin - To be honest, I purposely put little information other than a link to start this post because I too had never heard of Mike Byers. I wasn't sure whether this listing was legit or not. I knew people would weigh in and I'd learn the truth. I appreciate your honesty.
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509 Posts
 Posted 08/22/2021  5:29 pm  Show Profile   Bookmark this reply Add Bumpkin to your friends list

Quote:
@Bumpkin - To be honest, I purposely put little information other than a link to start this post because I too had never heard of Mike Byers. I wasn't sure whether this listing was legit or not. I knew people would weigh in and I'd learn the truth. I appreciate your honesty.


No worries my friend. Thank you for your comment about my honesty, that's the one thing I know about, have done my best as a father to instill it in my children, and that's how I live my life. I appreciate it. Every day is a different day and we must move forward and forget about the past while at the same time learning from our honest mistakes which, in the long run, will ultimately make us better individuals. Thanks!
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