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Replies: 22 / Views: 3,320 |
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Pillar of the Community
United States
1372 Posts |
.....that's what this appears to be to me. What do you guys (and presumably gals) think? Chance 
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Moderator
 United States
23522 Posts |
I think you're about to have some fun.  Look very, very closely at that area for signs of deliberate removal. It's FS-901, a known variety (a die state more than anything else). A 1945-P Walker in PCGS 64 is a $50ish coin. The last FS-901 that appeared at Heritage, a PCGS/CAC 64, went for $705 including the vig in 2014. That's the only one they've offered since 1995. Got your interest? 
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Pillar of the Community
 United States
1372 Posts |
I paid less than MS62 money for it ... and thought it was worth a closer look. I hope its not one that's been altered. It wasn't offered as any kind of variety ... just a "gem BU" 1945 P walker.
Chance
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Pillar of the Community
 United States
1372 Posts |
Look at the 64 they sold in January 2012 ... specifically the pine branch. This one looks about as "smeared" from over polishing as that one does.
Chance
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Moderator
 United States
23522 Posts |
62 in the slab, then? That's some pretty good math, but you'll want it attributed on the slab.
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Pillar of the Community
United States
5825 Posts |
I know missing initials occurred on some of the 1941 proofs. As I understand the 1941 situation the Mint made proof dies from business dies. Polished the heck out of them and the AW got wiped out on some. Something similar with the 1945? Except it remained a business strike? And as with the 1922 Plain Lincoln (mint mark) the initials on the WL have to be TOTALLY gone. The TPG's will indicate the variety on the slab label IF it's a widely recognized one.
Edited by kanga 05/01/2015 08:55 am
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Moderator
 United States
23522 Posts |
Quote: Something similar with the 1945? Except it remained a business strike? Can't be - no Proofs were struck in 1945. Walker Proofs only ran from 1936-1942. I guess I can't discount the idea of an earlier Proof die recalled for use.
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Pillar of the Community
United States
7390 Posts |
Whoa, now I'm gonna have to check my walker albums  This is what is most daunting about my S&O collection, overlooking big money varieties... Way to go chance, lady luck may be smiling on you!
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Pillar of the Community
 United States
1372 Posts |
This coin was purchased raw this morning, in a ring type airtite. I use numismedia (NGC's site) for gauging prices, though I realize those listings are for certified coins. I have a relatively extensive collection, and have yet to buy a slabbed coin, or have one slabbed...with one exception. I had a Maryland dealer submit an 1850 Seated dollar a few yeas ago for me. That coin was subsequently sold, so I don't have a single slab in my safe. I keep many of the coins in some nice old Wayte Raymond brown albums. I'm getting to the point where I may have to suck it up and join a TPG ... I have plenty of coins that are worthy, but have always figured that the cost of membership would buy a few more coins...like this one. It hasn't really mattered, since I do more buying than selling. The bulk of the seller's listings are lots of blank planchets, minor off center errors and the like. Its always hard to figure out where these accumulations come from, or who is selling them. There are a couple more half dollars that may bear closer scrutiny as well. They may be varieties, or maybe not, but I'm going to have a look. Chance
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Pillar of the Community
 United States
1372 Posts |
I didn't see anything else that jumped out at me....but here's a picture of the obverse of the 45-P. I don't know if there are any diagnostics for the obverse or not, but never did show you the obverse. Chance 
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Moderator
 United States
23522 Posts |
Wait until you have 8 surefire candidates - that's the most cost-effective membership level in view of the free submissions. This one is absolutely one of them.
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Pillar of the Community
 United States
1372 Posts |
I probably have enough to do that already ... but it'll sure screw up my 7070. I'll have too many holes that I already filled with the best coin I could afford...or that I lucked into. I have put together a really nice type set, with entries like a high grade 1880 Shield nickel, MS 1829 Half Dime, a MS 1843 seated half...and numerous others. Chance
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Pillar of the Community
 United States
1372 Posts |
By the way ... PCGS has only graded 3 of these at 64 ... none higher.
Chance
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Pillar of the Community
 United States
1372 Posts |
SsuperDave ... Check your privte email. I sent you something that could be even more fun than this.
Chance
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Bedrock of the Community
United States
17884 Posts |
Quote: Look very, very closely at that area for signs of deliberate removal. Considering the initials are incuse it would be rather difficult to hide that kind of an alteration. (deeper hole in the coin, disruption of the luster and flowlines.) These missing initials are known for a few different dates. I'm surprised they don't show up mote often. Since the iitials are incused on the coin they have to be raisd on the die making them the highest thing on the die. You would think that most any polishing of the dies would remove them because they would be the first thing to be ground off the die.
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Pillar of the Community
 United States
1372 Posts |
I wonder how they did such a thorough job of culling these from production.....or is it one of those "middle years, so uncirculated examples just weren't saved in great numbers" ... I noticed the other coin I mentioned at Heritage, was the same coin that SsuperDave referenced. It lost 500 dollars in 2 years ... I'd better hurry and dump it before its worthless.  Chance
Edited by Chancellor Sutler 05/01/2015 11:56 pm
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Replies: 22 / Views: 3,320 |